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2Q16 Financial Results August 25, 2016 Forward-Looking Statements - PowerPoint PPT Presentation

Hegh LNG Partners LP The Floating LNG Infrastructure MLP Investor and Analyst Day October 13, 2016 2Q16 Financial Results August 25, 2016 Forward-Looking Statements This presentation contains certain forward-looking statements concerning


  1. Höegh LNG Partners LP – The Floating LNG Infrastructure MLP Investor and Analyst Day October 13, 2016 2Q16 Financial Results August 25, 2016

  2. Forward-Looking Statements This presentation contains certain forward-looking statements concerning future events and our operations, performance and financial condition. Forward- looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain the words “believe,” “anticipate,” “expect,” “estimate,” “project,” “future”, “will be,” “will continue,” “will likel y r esult,” “plan,” “intend” or words or phrases of similar meanings. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that could cause actual results to differ materially include, but are not limited to: FSRU and LNG carrier market trends, including hire rates and factors affecting supply and demand; our anticipated growth strategies; our anticipated receipt of dividends and repayment of indebtedness from subsidiaries and joint ventures; the effects of volatility in global prices for crude oil and natural gas; the effect of the worldwide economic environment; turmoil in the global financial markets; fluctuations in currencies and interest rates; general market conditions, including fluctuations in hire rates and vessel values; changes in our operating expenses, including drydocking and insurance costs; our ability to make or increase cash distributions on our units and the amount of any such distributions; our ability to comply with financing agreements and the expected effect of restrictions and covenants in such agreements; the future financial condition of our existing or future customers; our ability to make additional borrowings and to access public equity and debt capital markets; planned capital expenditures and availability of capital resources to fund capital expenditures; the exercise of purchase options by customers; our ability to maintain long-term relationships with our customers; our ability to leverage the relationships of Höegh LNG Holdings (“HLNG”) and its reputation in the shipping industry; our ability to consummate the acquisition of the 23.5% interest in the joint ventures that own the Neptune and the GDF Suez Cape Ann from MOL (the “Acquisition”) which depends on, but is not limited to, the execution of a definitive purchase agreeme nt and other definitive documentation and receipt of board approvals for the Acquisition; the timing of the Acquisition and the satisfaction of the conditions to closing thereof; our ability to finance the Acquisition; our ability to purchase the 49% interest in the Höegh Grace entities or additional vessels from HLNG in the future; our ability to integrate and realize the anticipated benefits from the acquisition of the 51% interest in the Höegh Grace entities; our continued ability to enter into long- term, fixed-rate charters; the operating performance of our vessels and any related claims by charterers; our ability to maximize the use of our vessels, including the redeployment or disposition of vessels no longer under long-term charters; expected pursuit of strategic opportunities, including the acquisition of vessels; our ability to compete successfully for future chartering and newbuilding opportunities; timely acceptance of our vessels by their charterers; termination dates and extensions of charters; the cost of, and our ability to comply with, governmental regulations and maritime self-regulatory organization standards, as well as standard regulations imposed by our charterers applicable to our business; demand in the FSRU sector or the LNG shipping sector in general and the demand for our vessels in particular; availability of skilled labor, vessel crews and management; our incremental general and administrative expenses as a publicly traded limited partnership and our fees and expenses payable under the ship management agreements, the technical information and services agreement and the administrative services agreements; the anticipated taxation of Höegh LNG Partners LP and distributions to our unitholders; estimated future maintenance and replacement capital expenditures; our ability to retain key employees; customers’ increasing emphasis on environmental and safety concerns; potential liability from any pending or future litigation; potential disruption of shipping routes due to accidents, political events, piracy or acts by terrorists; future sales of our common units in the public market; our business strategy and other plans and objectives for future operations; our ability to successfully remediate any material weaknesses in our internal control over financial reporting and our disclosure controls and procedures; and other factors listed from time to time in the reports and other documents that we file with the SEC, including our Annual Report on Form 20-F for the year ended December 31, 2016 and subsequent quarterly reports on Form 6-K. All forward-looking statements included in this presentation are made only as of the date hereof. We do not intend to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations with respect thereto or any change in events, conditions or circumstances on which any such statement is based. 2

  3. Glossary  AB Klaipedos Nafta – “ABKN”  Egyptian Natural Gas Holding Company – “EGAS”  Perusahaan Gas Negara – “PGN”  Floating Storage and Regasification Unit – “FSRU”  Höegh LNG Partners LP – “HMLP”  Höegh LNG Holdings Ltd. – “HLNG”  HMLP and HLNG – “Höegh LNG Group”  GNL Penco – Import terminal in Chile (JV of Biobiogenera , Cheniere and EDF)  Sociedad Portuaria El Cayao S.A. E.S.P. – “SPEC” (JV of Promigas and private equity) 3

  4. Agenda Introduction to HMLP Global LNG Industry and FSRU Market HMLP In Depth Sveinung Støhle Richard Tyrrell President and CEO, HLNG CEO and CFO, HMLP Chairman, HMLP 4

  5. Höegh LNG Partners LP (NYSE:HMLP) – Investment Summary • The only publicly listed FSRU pure play Pure Play Owner and Operator of FSRUs • Leading player in highly concentrated FSRU market Modern Assets • Average vessel age of 4.4 years (1) Providing Critical Energy • Meeting critical energy infrastructure needs Infrastructure • Current fleet of five FSRUs on long-term, fixed-rate contracts Growing Portfolio of • Average remaining contract term of 12 years plus options (2,3) Long-term Contracts • Committed pipeline of high-quality dropdown assets Dropdown Driven • Accretive acquisitions of FSRUs expected to drive distribution growth Distribution Growth • Readily available LNG supply to drive FSRU adoption globally Favorable Industrial • Environmental benefits of oil and coal displacement Fundamentals • Largest FSRU company in the industry Supportive • Symbiotic relationship in which HMLP provides pivotal growth capital General Partner (1) As of June 30, 2017 (2) As of June 30, 2017, 19 years including options 5 (3) Earliest contract expiry in 2025 including HMLP option to charter FSRU Höegh Gallant to HLNG after end of EGAS contract

  6. Höegh LNG Partners LP – A Differentiated LNG Infrastructure Provider  The only pure play FSRU company Höegh LNG Group  Most modern FSRU assets in the market Höegh LNG  12 years average remaining contract length Holdings Ltd. MLP Investors (Oslo Børs: HLNG )  Firm contract backlog of > $2 billion at HMLP (1) Operations world-wide: 46.4% (2) 53.6% LNG Infrastructure Asset Development Green – operational Yellow – development (1) Backlog is calculated as HMLP’s proforma share of full monthly hire rate multiplied by the number of months remaining on the contract (2) Consists of approximately 10.7% of the total outstanding common units and 100% of the outstanding subordinated units. HLNG also holds all of the incentive 6 distribution rights. Excludes recently issued perpetual preferred units.

  7. Agenda Introduction to HMLP Global LNG Industry and FSRU Market HMLP In Depth 7

  8. The LNG Value Chain and Höegh LNG’s Focus Höegh LNG’s focus for new investments and The natural gas value chain dropdowns Natural Gas Liquefied Natural Gas Natural Gas Regasification/ Production Liquefaction Transportation Consumption infrastructure Höegh LNG activities  2 LNGCs on long-  7 FSRUs term contracts delivered  3 FSRUs under construction 8

  9. Liquefaction: Massive Growth in LNG Supply LNG exports, capacity and additions 120 264 100 Million tonnes 2016 LNG exports 80 million tonnes 134 60 Million tonnes 40 Planned expansions announced as of end-2016 20 +80% 0 Potential increase from 2016 levels assuming full utilization of nameplate capacity and capacity expansions 2016 production Unutilised nameplate capacity, end-2016 Expansions Source: GIIGNL, Höegh LNG 9

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