New Fortress Energy : Investor Update April 16, 2021 Presentation

April 2021

Investor Update

Investor Update Call

For today's call, please reference the webpage linked here

and the following slides.

2

Our Operations

Jamalco CHP,		Shannon,
	Ireland
Jamaica

Montego Bay,

Jamaica

San Juan,

Puerto Rico

La Paz, Mexico

	Old Harbour,
Puerto Sandino,	Jamaica	Barcarena, Brazil
Nicaragua
		Suape, Brazil
		Sergipe, Brazil
		Santa Catarina, Brazil

+ 4 x LNGC

Southeast Asia

Project

Terminals & assets as of March 2020

Committed terminals & assets Near-FID terminals & assets

FSRU

FLNG

3

Downstream Facility Volume Summary

			2020				2021					2022
			Q4		Q1	Q2	Q3	Q4		Q1	Q2	Q3	Q4
Caribbean
Montego Bay		Committed	258k		269k	405k	363k	410k		410k	410k	410k	395k
		In Discussions	-		-	-	20k	40k		70k	85k	95k	120k
Old Harbour		Committed	558k		606k	749k	746k	767k		760k	760k	760k	760k
		In Discussions	-		-	-	-	-		-	-	-	-
Puerto Rico		Committed	561k		541k	733k	737k	438k		889k	889k	889k	889k
		In Discussions	-		-	33k	65k	185k		250k	330k	320k	295k
Central America
Mexico		Committed	-		-	254k	517k	517k		517k	517k	517k	517k
		In Discussions	-		-	-	199k	199k		199k	199k	199k	199k
Nicaragua		Committed	-		-	154k	541k	695k		695k	695k	695k	695k
		In Discussions	-		-	-	-	180k		180k	180k	180k	180k
Brazil
Sergipe		Committed	-		-	270k	270k	270k		270k	270k	270k	270k
		In Discussions	-		-	-	-	-		-	-	-	-
Suape		Committed	-		-	-	-	-		-	-	268k	268k
		In Discussions	-		-	-	-	-		4,154k	4,154k	4,154k	4,154k
Barcarena		Committed	-		-	-	-	-		-	-	-	-
		In Discussions	-		-	-	-	-		1,445k	1,445k	1,445k	1,445k
Santa Catarina		Committed	-		-	-	-	-		-	-	-	-
		In Discussions	-		-	-	-	-		2,991k	2,991k	2,991k	2,991k
Other
Southeast Asia		Committed	-		-	-	-	-		-	1,236k	1,236k	1,236k
		In Discussions	-		-	-	-	-		-	-	-	-
Ireland		Committed	-		-	-	-	-		-	-	-	-
		In Discussions	-		-	-	-	-		-	-	-	5,000k
Total Volumes (gpd)		1.4mm		1.4mm	2.6mm	3.5mm	3.7mm		12.8mm	14.2mm	14.4mm	19.4mm
Committed Volumes (gpd)		1.4mm		1.4mm	2.6mm	3.2mm	3.1mm		3.5mm	4.8mm	5.0mm	5.0mm
In Discussion Volumes (gpd)		-		-	0.0mm	0.3mm	0.6mm		9.3mm	9.4mm	9.4mm	14.4mm

Disclaimers

• IN GENERAL. This disclaimer applies to this document and the verbal or written comments of any person presenting it. This document, taken together with any such verbal or written comments, is referred to herein as the "Presentation."
• FORWARD-LOOKINGSTATEMENTS. Certain statements regarding New Fortress Energy Inc. (together with its subsidiaries, "New Fortress Energy," "NFE," the "Company," "we" or "us") in this Presentation may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by the use of forward-looking words such as "outlook," "believes," "expects," "by," "converts" "approaches" "nearly" "potential," "continues," "may," "will," "should," "could," "seeks," "approximately," "predicts," "intends," "plans," "estimates," "anticipates," "target," "goal," "projects," "contemplates" or the negative version of those words or other comparable words. Any forward-looking statements contained in this presentation, including statements regarding the expected timing and conditions of closing, including our expected financing of each acquisition, each project's development schedule, the expected volumes that we will sell and the revenue or Operating Margin that we illustrate in this Presentation, our ability to execute on the currently operational and in development assets of the companies we plan to acquire, the expected capabilities of our development projects once completed, our illustrations of the combined companies in the future, the timing of our downstream facilities coming online and becoming fully operational, our plans and business strategy for specific industries, types of power users and geographies, including the Fast LNG project, expected business and developments in the future (including but not limited to, our liquidity and financing plans and expected borrowing capacity), our market assumptions including those regarding the cost of shipping, logistics and regasification activities, and the pricing of LNG, natural gas and other alternative fuels, are based upon our limited historical performance and on our current plans, estimates and expectations in light of information (including industry data) currently available to us. The inclusion of this forward-looking information should not be regarded as a representation by the Company or any other person that the future plans, estimates or expectations contemplated by us will be achieved. These statements are subject to a number of factors that could cause actual results to differ materially from those described in the forward-looking statements, many of which are beyond our control. NFE can give no assurance that its expectations regarding any forward-looking statements will be attained. Accordingly, you should not place undue reliance on any forward-looking statements made in this Presentation. Factors that could cause or contribute to such differences include, but are not limited to, NFE's ability to integrate the acquired assets and operations with its existing assets and operations and to realize anticipated cost savings and other efficiencies and benefits; the risk that the proposed transactions with each of Hygo and GMLP may not be completed in a timely manner or at all; the possibility that competing offers or acquisition proposals for GMLP will be made; the possibility that any or all of the various conditions to the consummation of the Hygo Transaction or the GMLP Transaction may not be satisfied or waived, including the failure to receive any required regulatory approvals from any applicable governmental entities (or any conditions, limitations or restrictions placed on such approvals); the effect of the announcement or pendency of the transactions contemplated by each of the Hygo Agreement and GMLP Agreement on NFE's, Hygo's and GMLP's ability to retain and hire key personnel, their ability to maintain relationships with their respective customers, suppliers and others with whom they do business, and their operating results and business generally; the possibility that long-term financing for the proposed transactions may not be available on favorable terms, or at all; our development schedules will take longer than we expect; the price at which we sell LNG or charter ships, the cost at which we produce, ship and deliver LNG (including through the proposed Fast LNG project) or provide ship charters or other ship services, and the margin that we receive for the LNG and charters which bring us revenue are not in line with our expectations, that our operating or other costs will increase, or our expected remaining costs for development projects underway increases. For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's previous public filings with the U.S. Securities and Exchange Commission (the "SEC"), which will be made available on the Company's website (www.newfortressenergy.com). In addition, new risks and uncertainties emerge from time to time, and it is not possible for the Company to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Such forward-looking statements speak only as of the date of this Presentation. NFE expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.
• PAST PERFORMANCE. Our operating history is limited and our past performance is not a reliable indicator of future results and should not be relied upon for any reason.
• ILLUSTRATIVE ECONOMICS: Illustrative economics (including of Operating Margin) are hypothetical value based on specified assumptions that are aspirational in nature rather than management's view of projected financial results. Actual results could differ materially and the hypothetical assumptions on which this illustrative data is based are subject to numerous risks and uncertainties, including particular risks and uncertainties introduced due to the novel coronavirus and its broad and ongoing impact on the worldwide economy.

5