We are positive energy corporate brochure Our Business is Simple We help customers replace oil-based fuels with natural gas– the cheaper, cleaner, renewable-friendly alternative. Our infrastructure creates access to liquefied natural gas (LNG). Logistics Terminals Customers: power and utilities, industrial and commercial, transportation 2 Why Natural Gas? Cleaner Cheaper More affordable and demonstrates greater price stability than other fuel sources Produces significantly lower carbon emissions than many alternatives Safer Non-flammable in liquid state and evaporates if spilled emissions 3 Our Solutions Power Generation & Combined Heat and Power (CHP) From converting existing power plants and generators, to building new gas-fired facilities, we’ll customize a power-generation solution just for you. Boiler Conversion We’ll design a custom solution to convert your commercial and industrial equipment to natural gas operations. LNG Supply & Logistics Wherever your business operates, you can rely on our established, integrated logistics chain for efficient LNG delivery. 4 We take care of everything so customers can focus on running their businesses. Our customers save Financing Permitting Construction Staff Training 25% to 50% by switching to natural gas from oil-based fuels.(1) LNG Delivery Maintenance 5 Our Customers We serve customers of all sizes across many industries. power utilities universities breweries 8+ power 24 + commercial & industrial hotels distilleries manufacturing food & beverage 4+ transportation 6 We are helping customers realize significant savings and environmental benefits across the globe. 30% average annual fuel cost savings(1) 6 30% reduction in CO2 emissions(2) The sustainability and operational capabilities that are made possible by LNG make our partnership with New Fortress Energy a win for the environment and our business.” They are very passionate about making it work. They commit their staff and resources and ensure that all the products and systems put in place work as efficient as possible.” Ricardo Nuncio, Managing Director, Red Stripe Brewery Dr. Paul Aiken, Dean of the Faculty of Engineering, The University of the West Indies – Mona Campus 10mm annual trees planted equivalent(2) They are experts in their field, they know what they are about, they take the time to come in and evaluate your business and to see how they can fit their solution to ensure that it’s a win-win for both parties.” Winston Harrison, Chief Executive Officer, Clarendon Distillers, National Rums of Jamaica Ltd 7 Our Infrastructure We are a fully integrated energy infrastructure company. 8 Offshore Terminals Onshore Terminals & Facilities (13) Liquefiers Power Plants 915 Our Operations & Developments Delivering positive energy worldwide. Regional Offices Mexico Terminal* / Power Plant* Mexico City Office Nicaragua Terminal* Terminals & Facilities Liquefiers Power Plants *Under Development 10 Jamaica Office / Terminals / Power Plant Ireland Office / Shannon LNG Project* New York Office Pennsylvania Liquefier* Miami Office / Liquefier Puerto Rico Office / Facility Ghana Office Angola Office / Terminal* 11 Our Terminals & Facilities We are a fully La Paz integrated (Mexico) energy infrastructure company. Type of Terminal Onshore Capacity 1 mm gallons/day | 0.6 Mtpa Status Under development (3) Montego Bay (Jamaica) Type of Terminal 12 Capacity Onshore 740,000 gallons/day | 0.4 Mtpa Status First Gas(4) Operational Q4 2016 Old Harbour (Jamaica) Type of Terminal Capacity Offshore 6 mm gallons/day | 3.6 Mtpa Status First Gas(4) Operational Q1 2019 (13) (13 13 3) San Juan (Puerto Rico) Type of Facility Onshore Capacity 2.7 mm gallons/day | 1.6 Mtpa Status Operational 1315 Our Power Plants & Liquefiers We are a fully Jamalco integrated (Jamaica) energy infrastructure company. Type Capacity Combined 150MW Heat and Power (CHP) Plant Status First Gas(4) Operational Q1 2020 La Paz (Mexico) Type Capacity Power Plant 100MW Status Under development (3) 14 Miami (USA) Type Capacity Small Scale Liquefier 100,000 gallons/day | 0.1 Mtpa Status First Gas(4) Operational Q4 2015 Pennsylvania (USA) Type Capacity Large Scale Liquefier 3.6 mm gallons/day | 2.1 Mtpa Status Under development (3) 1515 About Us Create natural gas access for customers worldwide, helping them switch from oil-based fuels Provide end-to-end solutions finance, design, build and operate natural gas infrastructure Partner long-term with countries and customers, transforming local industries and communities Operations & Developments 10 8 7 2 2 countries with operations & developments 16 local & regional offices LNG import terminals & facilities liquefaction facilities power plants Our Vision We want to light the world. In the United States, less than 1% of electricity comes from oil-based fuels.(5) Billions of people around the planet lack access to affordable power. Electricity should not be a luxury good. <1% It's time everyone had similar access to affordable, cleaner energy. 17 Our Team We are experts in our field. 6k+ truck & rail loading operations completed 250+ employees 0 health, safety, & environment incidents in operations 400+ ship transfers completed 18 World class operations team with experience operating LNG terminals and developing subsea and on-land pipelines across the world Marine leadership with experience being responsible for thousands of ship-to-ship operations Internationally trained mechanical engineers with direct experience in the LNG sector Collective executive level experience with over 150 years in the energy industry 19 Jamaica Case Study We have partnered with Jamaica for the long-term. 20 Since the introduction of LNG to the country, Jamaica has experienced a significant increase in economic stability, faster integration of renewable energy, and a decrease in unemployment.(6) Share of total average base load(7,8) 72% 12% 0% 16% 3% 97% After NFE Natural Gas Before NFE Renewables Oil This important and strategic partnership between the Government of Jamaica and New Fortress Energy to transition Jamaica’s energy sector to natural gas will assist in enabling the Government hold significant benefits for the Jamaican people; job creation opportunities, greater stability in the sector, innovation for our people and generally a brighter future for Jamaica. Ultimately, Jamaica’s energy efficiency and security will be strengthened.”(9) It was a game-changing event when New Fortress Energy entered the local energy sector in Jamaica in 2015 as part of the vision to diversify the sector with the introduction of alternative energy sources. The decision taken by the then Administration to shift Jamaica’s energy production to include Liquefied Natural Gas (LNG) and other renewables was critical to developing our economy.”(10) The Most Hon. Andrew Holness, ON, MP. Prime Minister Peter D. Phillips, PhD., MP. Leader of the Opposition 3 notches credit rating Impact of LNG by the snumbers(6,11) ~25% debt as % of GDP ~12% GDP growth 470 BPS unemployment rate 21 Our Commitment Fueling communities with positive energy We’re passionate about improving lives and supporting people worldwide, especially in the communities where we operate. Through providing scholarships, school supplies and creating STEM workshops for young people, we’re committed to ensuring a positively better quality of life for our neighbors everywhere. W E I N V E ST E D I N Over 22 $165k 1,700 3,250 USD given in scholarships children provided with financial aid students attended back-to-school fairs Over Over $140k $110k 1,700 USD invested in technical training USD invested in STEM programs students and entrepreneurs provided with business training 23 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.” This Presentation contains summarized information concerning New Fortress Energy LLC (together with its subsidiaries, “New Fortress Energy,” “NFE,” the “Company,” “we” or “us”) and the Company’s business, operations, financial performance and trends. No representation is made that the information in this presentation is complete. For additional information, see the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”). Such reports are or will be available in the Investor Relations section of the Company’s website (www.newfortressenergy.com) and the SEC’s website (www.sec.gov). NOT AN OFFER OF ANY SECURITIES. The information in the Presentation is for informational purposes only and shall not constitute, or form a part of, an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities. FORWARD-LOOKING STATEMENTS. Certain statements regarding New Fortress Energy LLC (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,” “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 development, commissioning, first gas and commercial operations schedule and timing of specific milestones for our facilities or projects, the expected savings or economic benefits that our customers may experience by converting power systems to LNG or natural gas, our expected business and developments, and our market assumptions including the cost 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, the risk that our construction or commissioning schedules will take longer than we expect, that our expectations about the price and cost of LNG, natural gas and other alternative fuels are not correct, that operating or other costs will increase in connection with the sale, transportation or use of LNG or natural gas, and that we may be unable to implement our business plans and strategy in the way that we expect. 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 are 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. The economics presented are hypothetical values based on specified assumptions that are aspirational in nature rather than management’s view of projected financial results or guidance. Actual results could differ materially and the hypothetical assumptions on which this information is based are subject to numerous risks and uncertainties. MARKET AND INDUSTRY DATA. This Presentation contains certain market data that is based on information from independent industry organizations and other third party sources, industry publications, surveys and forecasts. Some market data are also based on management’s estimates and calculations, which management has derived from its review and interpretation of the independent sources, internal market and brand research and knowledge of the industries in which the Company operates. While management believes such data is reliable, there are inherent challenges and limitations involved in compiling data from various sources and management has not independently verified market or industry data from third party sources. Information that is based on estimates, forecasts, projections or similar methodologies is inherently subject to uncertainties and actual events or circumstances may differ materially from events or circumstances that are assumed in this information. 24 Endnotes 1 Based on a current customer’s reported estimates of savings in US dollars (in the case of savings and financial metrics) and NFE management’s project timeline from contract execution to gas being made available for commissioning (in the case of implementation). There can be no assurance that other customers or future customers will achieve similar results and actual results could differ materially. The results of any particular customer are not representative of the results of customers as a whole, and as our operating history is limited, past performance is not a reliable indicator of future results and should not be relied upon for any reason. 2 Emissions are based on management’s assumptions and percentage calculations regarding previous diesel consumption and future natural gas consumption along with data from IEA, C02 Emissions and Fuel Combustion Highlights – 2018, p. 147. Equivalent trees planted are based on management’s estimate of emissions reduction based on the above, along with a calculator from the US Environmental Protection Agency, https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator. 3 This image is a rendering of a project that is not complete. 4 First Gas means the date on which gas was first made available to our projects, including our facilities in development. Full commercial operations of such projects will occur later than, and may occur substantially later than, the First LNG or First Gas date. We cannot assure you if or when such projects will reach the date of delivery of the First LNG, delivery of First Gas, or full commercial operations. Actual results could differ materially from the illustration and there can be no assurance we will achieve our goal. See the risk factors titled, “We have not yet completed contracting, construction and commissioning of all of our Terminals and Liquefaction Facilities. There can be no assurance that our Terminals and Liquefaction Facilities will operate as expected, or at all” and “Our ability to implement our business strategy may be materially and adversely affected by many known and unknown factors” in our previous public filings. 5 Based on IEA data from the IEA (2018) Monthly Oil Data Service, www.iea.org/statistics. All rights reserved, as modified by New Fortress Energy LLC. 6 See The Jamaica Gleaner, “Clarke: Energy Mix to have Profound Impact on Economy”, September 10, 2018, for information about renewable integration and the IMF World Economic Outlook published in October 2018 for more information about Jamaica’s economic stability and decrease in unemployment. Factors other than the introduction of LNG and NFE’s actions contributed to the improvement in Jamaica’s economic stability, increase in renewable integration and the decrease in unemployment. 7 For information about Jamaica’s situation prior to the introduction of LNG, see the Annual Report of JPS issued in 2014. 8 The percentages illustrated represent NFE’s internal estimate and expectations for Jamaica’s energy consumption by fuel for the full year 2021 based on information about Jamaica’s energy consumption of renewables the Annual Report of JPS in 2017 and Jamaica’s baseload capacity and therefore total energy demand in The Jamaica Gleaner, “Clarke: Energy Mix to Have Profound Impact on Economy” published on September 10, 2018. There can be no assurance that these internal estimates are correct or in line with Jamaica’s plans for energy consumption and fuel sources in the future. There can be no assurance that NFE would have a positive, similar, or any impact on the energy consumption and fuel sources used in any other jurisdiction in which it operates. 9 Quote provided to NFE by the office of the Most Honorable Andrew Holness, ON, MP Prime Minister. 10 Quote provided to NFE by the office of Peter D. Phillips, PhD., M.P. Leader of the Opposition. 11 For more information about Jamaica’s credit rating and the impact of LNG on such increase see Moody’s rating actions from Caa2 to B3 stable dated November 21, 2016 (https://www.moodys.com/research/Moodys-upgrades-Jamaicas-ratings-to-B3-fromCaa2-changes-the--PR_358298), from B3 stable to B3 positive dated July 20, 2018 (https://www.moodys.com/research/Moodys-changes-Jamaicas-outlook-to-positive-from-stable-affirms-B3--PR_386264), and from B3 positive to B2 stable dated December 11, 2019 (https://www.moodys.com/research/Moodys-upgrades-Jamaicas-government -ratings-to-B2-outlook-stable--PR_414271). The information about the decrease of Jamaica’s debt to GDP ratio is based on information from Bloomberg between December 31, 2003 and December 31, 2017 (the latest data available as of February 3, 2020). Factors other than the introduction of LNG and NFE’s actions contributed to the improvement in Jamaica’s credit ratings and debt to GDP ratio. 25 We believe access to clean energy is a right, not a privilege. Too many people lack the reliable, affordable electricity essential to economic development. Today, we’re helping customers lower costs and reduce emissions by replacing oil-based fuels with natural gas. Tomorrow, we aim to be the world’s largest provider of carbon-free power. Every day, our goal is to create a world that’s powered by positive energy.” Wes Edens, Founder & CEO Updated: June 2020
