Cheniere Energy (LNG) Investor Presentation summary

Strategic platform and global scale

• Operates the largest liquefaction platform in the U.S., representing over 11% of global capacity and processing about 8% of U.S. natural gas production daily.

• Delivered LNG to 39 countries and regions, exporting approximately 3,500 cargoes.

• Invested around $45 billion in infrastructure, with 21 credit rating upgrades since 2021.

• Maintains relationships with over 30 creditworthy counterparties globally.

Capital allocation and shareholder returns

• Announced a $4 billion upsized share repurchase authorization through 2027 and a 15% increase in annualized dividend to $2/share for 3Q'24.

• On track to deploy over $20 billion through 2026, targeting more than $20/share in run-rate distributable cash flow.

• Reduced share count by ~25 million since 2021, aiming for ~200 million shares outstanding by 2027.

• Paid out about $1 billion in cumulative dividends and repurchased over 20 million shares under current authorization.

Growth projects and disciplined investment

• CCL Stage 3 project is over 60% complete, with first LNG expected by year-end and full completion by 2026.

• Targeting FID for Midscale Trains 8 & 9 in 2025 and SPL Expansion Project in 2026, aiming for ~35 MTPA of growth.

• Growth strategy focuses on brownfield expansions, maintaining high contract coverage and attractive returns.