Excelerate Energy (EE) Barclays 40th Annual Energy-Power Conference summary

Market outlook and industry trends

• Floating regasification import terminals remain in tight supply globally, with persistent demand expected into the 2030s.

• A 50% increase in LNG supply is anticipated by the end of the decade, driving the need for more import infrastructure.

• Investment in regasification is significantly less capital-intensive than liquefaction, supporting growth.

• Integrated projects and geographic diversity are key differentiators for future growth.

Growth drivers and project milestones

• Sequential project milestones, including Jamaica and Jordan platforms, have contributed to earnings growth and dividend increases.

• The Express recontracting in Colombia delivered a 35% EBITDA uplift over the prior charter.

• The Iraq project is on track for Q2 startup, with strong government and US support.

• Acquisition and conversion of Methane Patricia Camila expected to deliver a best-in-class FSRU by early 2028.

Iraq project and volume outlook

• Iraq project benefits from strong governmental backing and is critical for reliable electricity supply.

• Minimum offtake commitment is 250 million scf, with potential to reach 500 million scf, especially in summer.

• Intrabasin LNG flows are resilient, supporting regional supply stability.