New Fortress Energy : Investor Presentation 7/21

July 2021

Annual

Investor

Update

Executive Summary

Last 12 months have been extraordinary for NFE

Miami	Jamalco CHP,	Shannon,
Jamaica
Liquefier, USA	Montego Bay,	Ireland
	Jamaica

	San Juan,
La Paz,	Puerto Rico
Old Harbour,
Mexico	Barcarena, Brazil
	Jamaica
		Colombo, Sri Lanka
Puerto Sandino,		Suape, Brazil
Nicaragua
		Sergipe, Brazil

Santa Catarina, Brazil

Terminals & assets as of July 2020

Additional terminals & assets since July 2020

FSRU

FLNG

1 Greatly expanded our footprint

from 3 to 11 LNG import terminals & facilities(1)

2 Completed construction of several terminals & facilities

San Juan, PR

La Paz, Mexico

Puerto Sandino, Nicaragua

(expected September)

3 Launched Fast LNG

& contracted 100% of current gas demand

4 Sustainability focus on clean fuels

goal to reach net-zero carbon emissions by 2030

2

Executive Summary

Impact of these activities will be reflected in

Illustrative Annualized Op. Margin Goal(2)

Q4 2021 expected to be first "clean quarter" with Illustrative Annualized Op. Margin Goal of $1.5bn by end of 2023

2021	2022	2023
$500mm		$1.1bn		$1.5bn
Illustrative Annualized		Illustrative Annualized		Illustrative Annualized
Op. Margin Goal		Op. Margin Goal		Op. Margin Goal

Q4 expected to be first	new Brazil terminals	expect to reach
"clean quarter"(3)	expected online	run-rate at all terminals
	end of Q1	by end of 2023

3

Question 1

What are our expectations for operating

margin through 2023?

4

Operating Margin

~$1.6bn(4) Illustrative Op. Margin Goal

20.0mm

Committed GPD

Total Volumes

18.8mm

9.7mm

11.0mm

13.7mm

6.5mm

3.7mm 6.9mm

10.0mm

5.8mm

5.9mm

1.4mm

1.5mm

2.6mm

4.2mm

2.4mm

3.4mm

4.1mm

3.2mm

-

Q1

Q2

Q3

Q4

FY'21

Q1

Q2

Q3

Q4

FY'22

FY'23

Run-Rate

Committed GPD

Jamaica & US

894k

994k

1,008k

980k

968k

1,038k

1,014k

1,095k

1,114k

1,065k

1,123k

1,123k

Puerto Rico

545k

518k

838k

608k

621k

471k

889k

889k

889k

785k

889k

889k

Mexico

-

-

80k

465k

136k

564k

564k

564k

564k

564k

564k

564k

Nicaragua

-

-

95k

649k

186k

695k

695k

695k

695k

695k

695k

695k

Brazil

-

-

613k

1,328k

485k

885k

70k

157k

852k

491k

1,454k

1,454k

Sri Lanka

-

-

-

-

-

-

-

-

-

-

1,034k

1,192k

Committed GPD(5)

1,440k

1,513k

2,634k

4,030k

2,397k

3,654k

3,232k

3,400k

4,114k

3,600k

5,760k

5,918k

Likely GPD(6)

Brazil

-

-

-

-

-

1,453k

2,063k

4,319k

4,860k

3,174k

4,921k

5,447k

Ireland

-

-

-

-

-

-

-

-

-

-

833k

5,000k

Operating Terminal Growth

-

-

-

144k

36k

1,361k

1,572k

1,993k

1,993k

1,930k

2,226k

2,458k

Total Volumes Expected(7)

1,440k

1,513k

2,634k

4,174k

2,433k

6,468k

6,867k

9,713k

10,967k

8,704k

13,740k

18,823k

Illustrative Op. Margin Goal less

SG&A(12) ($mm's)

Expected Illustrative Op. Margin

$33

$130

$171

$184

$518

$220

$255

$285

$313

$1,073

$1,498

$1,651

Goal

(-) SG&A(12)

(45)

(35)

(35)

(35)

(150)

(38)

(38)

(38)

(38)

(150)

(150)

(150)

Expected Illustrative Op. Margin

($12)

$95

$136

$149

$368

$182

$217

$247

$276

$923

$1,348

$1,501

Goal less SG&A

5

Note: SG&A forecast for Q2 through Q4 is based on an annualized SG&A cost of $150mm