NEW FORTRESS ENERGY INC. December 2021
Investor Presentation
Delivering Positive Energy Worldwide
Our Vision
We want to light the world. Billions of people around the planet lack access to affordable power. Electricity should not be a luxury good.
Our Mission
Our mission is to provide capital, expertise and vision to address this problem while also making positive and meaningful impacts on communities and the environment.
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- Executive Summary
- Market Update
- Energy Ports (Prop. Co.)
- FLNG (Op. Co.)
- Energy Transition (Zero Parks)
- Appendix
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Executive Summary
Significant Op. Margin increase in Q3 2021
We achieved our Q3 Op. Margin Goal and are increasing our future targets
Total Segment Operating Margin(1) for Q3 was ~$210mm
2H 2021 Illustrative Total Segment Operating Margin Goal(2) is $585mm (50% increase from our July update)
FY 2022 Illustrative Total Segment Operating Margin Goal(2) on track for $1.1bn+ with significant potential earnings growth as Brazil, Ireland, & Fast LNG come online
Total Segment Operating Margin(1) ($mm)
2020 | 2021 | ||||||||
Q1 | Q2 | Q3 | Q4 | FY | Q1 | Q2 | Q3 | Q4 | FY |
($2) | $15 | $51 | $61 | $125 | $33 | $130 | $210 | $375 | ~$750 |
Historical | Illustrative | ||||||||
Future Goal(2) | |||||||||
Illustrative Total Segment Op. Margin Goal(2) ($mm) | |||||||||
2021 | 2022 | 2023 | |||||||
~$750 | $1,100+ | $1,500+ |
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Executive Summary
The last quarter was extraordinary for NFE
Organic growth, Fast LNG and the energy transition all create significant opportunities for our business
Terminals
- Organic growth opportunities in existing markets require manageable capex and are expected to result in margin expansion
- In Brazil, continued energy shortage has led to emergency power auctions:
- NFE expected to supply LNG through our Santa Catarina terminal to >400MW (900k GPD) of new power plants starting in 2022
• Fast LNG is a natural extension of our current business | ||
Fast LNG | • | Assets to be deployed in two ways: FLNG for rent (tolling) & FLNG for consumption (merchant) |
• | Significant upside potential from access to markets like Brazil & structural undersupply of global gas market | |
Energy
Transition
- Nearing FID on first Zero Parks facility which we expect to include capture of up to 99% of CO2 emitted
- Upcoming potential legislation to incentivize clean hydrogen production
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New Fortress Energy LLC published this content on 01 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2021 23:30:01 UTC.
