EX-99.2 3 a2021-04x22_gtlsq12021ea.htm EX-99.2
Chart Industries FIRST QUARTER 2021 RESULTS Exhibit 99.2

Forward-Looking Statements CERTAIN STATEMENTS MADE IN THIS PRESENTATION ARE FORW ARD-LOOKING STATEMENTS W ITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. FORW ARD-LOOKING STATEMENTS INCLUDE STATEMENTS CONCERNING THE COMPANY’S BUSINESS PLANS, INCLUDING STATEMENTS REGARDING COMPLETED DIVESTITURES, ACQUISITIONS AND INVESTMENTS, COST SYNERGIES AND EFFICIENCY SAVINGS, OBJECTIVES, FUTURE ORDERS, REVENUES, MARGINS, EARNINGS OR PERFORMANCE, LIQUIDITY AND CASH FLOW , CAPITAL EXPENDITURES, BUSINESS TRENDS, CLEAN ENERGY MARKET OPPORTUNITIES, GOVERNMENTAL INITIATIVES, INCLUDING EXECUTIVE ORDERS AND OTHER INFORMATION THAT IS NOT HISTORICAL IN NATURE. FORW ARD-LOOKING STATEMENTS MAY BE IDENTIFIED BY TERMINOLOGY SUCH AS "MAY," "W ILL," "SHOULD," "COULD," "EXPECTS," "ANTICIPATES," "BELIEVES," "PROJECTS," "FORECASTS," “OUTLOOK,” “GUIDANCE,” "CONTINUE," “TARGET,” OR THE NEGATIVE OF SUCH TERMS OR COMPARABLE TERMINOLOGY. FORW ARD-LOOKING STATEMENTS CONTAINED IN THIS PRESENTATION OR IN OTHER STATEMENTS MADE BY THE COMPANY ARE MADE BASED ON MANAGEMENT'S EXPECTATIONS AND BELIEFS CONCERNING FUTURE EVENTS IMPACTING THE COMPANY AND ARE SUBJECT TO UNCERTAINTIES AND FACTORS RELATING TO THE COMPANY'S OPERATIONS AND BUSINESS ENVIRONMENT, ALL OF W HICH ARE DIFFICULT TO PREDICT AND MANY OF W HICH ARE BEYOND THE COMPANY'S CONTROL, THAT COULD CAUSE THE COMPANY'S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE MATTERS EXPRESSED OR IMPLIED BY FORW ARD-LOOKING STATEMENTS. FACTORS THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE DESCRIBED IN THE FORW ARD-LOOKING STATEMENTS INCLUDE: THE COMPANY’S ABILITY TO SUCCESSFULLY INTEGRATE RECENT ACQUISITIONS AND ACHIEVE THE ANTICIPATED REVENUE, EARNINGS, ACCRETION AND OTHER BENEFITS FROM THESE ACQUISITIONS; SLOW ER THAN ANTICIPATED GROW TH AND MARKET ACCEPTANCE OF NEW CLEAN ENERGY PRODUCT OFFERINGS; RISKS RELATING TO THE RECENT OUTBREAK AND CONTINUED UNCERTAINTY ASSOCIATED W ITH THE CORONAVIRUS (COVID-19) AND THE OTHER FACTORS DISCUSSED IN ITEM 1A (RISK FACTORS) IN THE COMPANY’S MOST RECENT ANNUAL REPORT ON FORM 10-K AND QUARTERLY REPORTS ON FORM 10-Q FILED W ITH THE SEC, W HICH SHOULD BE REVIEW ED CAREFULLY. THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE OR REVISE ANY FORW ARD-LOOKING STATEMENT. THIS PRESENTATION CONTAINS NON-GAAP FINANCIAL INFORMATION, INCLUDING ADJUSTED EPS, ADJUSTED FREE CASH FLOW , ADJUSTED GROSS MARGIN AND Q1 2021 FREE CASH FLOW . FOR ADDITIONAL INFORMATION REGARDING THE COMPANY'S USE OF NON-GAAP FINANCIAL INFORMATION, AS W ELL AS RECONCILIATIONS OF NON-GAAP FINANCIAL MEASURES TO THE MOST DIRECTLY COMPARABLE FINANCIAL MEASURES CALCULATED AND PRESENTED IN ACCORDANCE W ITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES ("GAAP") , PLEASE SEE THE PAGES AT THE END OF THIS NEW S RELEASE. W ITH RESPECT TO THE COMPANY’S 2021 FULL YEAR EARNINGS OUTLOOK, THE COMPANY IS NOT ABLE TO PROVIDE A RECONCILIATION OF THE ADJUSTED EARNINGS PER DILUTED SHARE AND ADJUSTED FREE CASH FLOW BECAUSE CERTAIN ITEMS MAY HAVE NOT YET OCCURRED OR ARE OUT OF THE COMPANY’S CONTROL AND/OR CANNOT BE REASONABLY PREDICTED CHART INDUSTRIES, INC. IS A LEADING INDEPENDENT GLOBAL MANUFACTURER OF HIGHLY ENGINEERED EQUIPMENT SERVICING MULTIPLE APPLICATIONS IN THE ENERGY AND INDUSTRIAL GAS MARKETS. OUR UNIQUE PRODUCT PORTFOLIO IS USED IN EVERY PHASE OF THE LIQUID GAS SUPPLY CHAIN, INCLUDING UPFRONT ENGINEERING, SERVICE AND REPAIR. BEING AT THE FOREFRONT OF THE CLEAN ENERGY TRANSITION, CHART IS A LEADING PROVIDER OF TECHNOLOGY, EQUIPMENT AND SERVICES RELATED TO LIQUEFIED NATURAL GAS, HYDROGEN, BIOGAS AND CO2 CAPTURE AMONGST OTHER APPLICATIONS. W E ARE COMMITTED TO EXCELLENCE IN ENVIRONMENTAL, SOCIAL AND CORPORATE GOVERNANCE (ESG) ISSUES BOTH FOR OUR COMPANY AS W ELL AS OUR CUSTOMERS. W ITH OVER 25 GLOBAL LOCATIONS FROM THE UNITED STATES TO ASIA, AUSTRALIA, INDIA, EUROPE AND SOUTH AMERICA, W E MAINTAIN ACCOUNTABILITY AND TRANSPARENCY TO OUR TEAM MEMBERS, SUPPLIERS, CUSTOMERS AND COMMUNITIES. TO LEARN MORE, VISIT WWW.CHARTINDUSTRIES.COM. © 2021 Chart Industries, Inc. Confidential and Proprietary 2

Q1 2021 Q1 2020 Q1 2019 Orders (1) $417 $286 $443.1/310.5 % Change +46% (5.8%)/+34.4% Backlog $934 $723 $725 % Change +29% +29% Sales $288 $302 269.0 % Change (5%) +7.2% Reported GM% 29.1% 27.3% 21.4% % Change +180 bps +770 bps Adjusted GM % 29.9% 28.5% 24.8% Basis point change +140 bps +510 bps Reported Diluted EPS $0.63 $0.06 ($0.15) % Change 950% N/A Adjusted Diluted EPS $0.80 $0.27 $0.24 % Change +196% +233% $ millions, except per share amounts First Quarter 2021 Summary Record order quarter (after Q4 2020 was a record order quarter) including two hydrogen liquefaction projects, one Fast LNG order resulting in record backlog (after Q4 2020 was record backlog) with only $5 million of Venture Global Calcasieu Pass (VGCP) remaining Sales in line with expectations when considering $10 million of late March 2021 shipments for which revenue was recognized in April 2021 and $5 million timing shift to Q2 of VGCP revenue Reported and adjusted gross margin as a percent of sales was stronger than anticipated, driven by broad based execution, cost control, and pricing improvement; highest GM % of sales in four years Reported and adjusted diluted EPS was stronger than anticipated, driven by gross margin strength and continued SG&A cost controls First Quarter 2021 Comments (1) Q1 2019 orders included $135.5 million for Venture Global’s Calcasieu Pass project; when excluding BigLNG, the second figures are the change from Q1 2019 to Q1 2021 © 2021 Chart Industries, Inc. Confidential and Proprietary 3

4 Specialty Products Q1 2021 Compared to Q1 2020 • Significant increase in hydrogen related orders (another record H2 order quarter) • Record sales in HLNG, Food & beverage and water treatment • Q1 2021 gross profit as a percent of sales negatively impacted by regional shipping mix (greater China) Q1 2021 Compared to Q4 2020 • Order increases driven by hydrogen, continued • Sequential sales decline driven by lower laser sales and revenue recognition on a regas project timing in Q4 2020 • Gross margin improvements, benefits from raw material price passthrough, favorable product mix (space and cannabis) $57 $145 Q1 FY20 Q1 FY21 $94 $145 Q4 FY20 Q1 FY21 +153% +53% $53 $77 Q1 FY20 Q1 FY21 $85 $77 Q4 FY20 Q1 FY21 +46% -9% 38.4% 36.5% Q1 FY20 Q1 FY21 31.1% 36.5% Q4 FY20 Q1 FY21 -190 bps +540 bps Orders Sales Gross Margin © 2021 Chart Industries, Inc. Confidential and Proprietary

© 2021 Chart Industries, Inc. Confidential and Proprietary 5 Chart’s Strategic Acquisitions and Investments 2020 Development Agreement for LH2 automotive Completed master supply agreement Acquisition of cryogenic and H2 trailer business and former microbulk business 30M Euro investment with commercial MOU Acquisition of water treatment business Investment in Canadian H2 integrator Acquisition of SES, carbon capture technology 2018 / 2019 Divestiture of cryobio product line to Cryoport for $320M cash 2018: Acquires VRV 2018: Acquires Skaff Cryogenics 2018: Completes BAHX capacity expansion in La Crosse, WI 2018: Divestiture of oxygen concentrator business 2019: Acquisition of Air-X-Changers 2021 Acquisition of Cryo Technologies for $55 million cash (Feb 16, 2021) Joint development MOU February 10, 2021 $15M Investment and commercial MOU Completed Feb 2, 2021 Investment of $25 million for 5% ownership and commercial MOU (March 31, 2021) Cornerstone, early investor in Five T Hydrogen Fund (50 million Euro investment over coming years)

Our Specialty Markets Keep Growing 700M 750M 2,300M Space  Cryogenic liquid propellants are used as fuel for rocket propulsion Drivers of Size Opportunity  Proliferation of private space travel industry Industrial Lasers  High purity liquid nitrogen (gas assist) provides a faster cut and superior edge, free of impurities Drivers of Size Opportunity  Uptime requirements in manufacturing  Reducing steps in production Cannabis  Liquid CO2 storage and supply / delivery systems  Used in grow houses, CBD oil extraction and packaging Drivers of Size Opportunity  Legalization of cannabis  Regulatory approval for CBD. Food & Beverage  Food preservation equipment  Nitrogen dosing equipment Drivers of Size Opportunity  Nitro-beverage changeover Water Treatment  Improving water quality and wastewater reuse utilize liquid oxygen and CO2 in purification process Drivers of Size Opportunity  Regulation on water treatment  Population growth Over The Road Trucking  LNG as alternative fuel to diesel for heavy duty vehicles (lower emissions, engine noise, etc.) Drivers of Size Opportunity  Regulations Hydrogen  H2 vehicle fueling stations, transport equipment and liquefaction storage at H2 production sites  H2 storage and mobility equipment  BAHX for H2 liquefaction  H2 liquefaction Drivers of Size Opportunity  Buildout of hydrogen fueling infrastructure  Development of “green hydrogen” industry  Government stimulus packages  Brand name fast followers500M 250M 200M 200M 200M Molecules By Rail  Gas by rail tender cars approved for use Drivers of Size Opportunity  Legalization of LNG by train in the U.S.  Expected growth in EU 600M Carbon & Direct Air Capture  Air cooled heat exchangers  Storage tanks  BAHX and cold boxes Drivers of Size Opportunity  Carbon emissions reduction targets  CO2 supply shortage 250M Helium Liquefaction  Helium Liquefaction  Storage  ISO Containers  Transport Drivers of Size Opportunity • Differentiated process • Helium consistently in high demand • Russia vast natural resources 6© 2021 Chart Industries, Inc. Confidential and Proprietary

© 2021 Chart Industries, Inc. Confidential and Proprietary 7 Measuring Progress on Our H2 Addressable Market • 100 Fueling stations • 25 hydrogen transports • 4 hydrogen liquefiers • Space launch tanks Prior to October 14, 2020 GTLS TAM(1) $600 Million • 136 Fueling stations • 83 hydrogen transports • 6 hydrogen liquefiers • 260 storage tanks • 2 Marine Fuel Opportunities • Space launch tanks Prior to February 15, 2021 GTLS TAM $1.1 Billion Prior to April 1, 2021 GTLS TAM $2.1 Billion Current GTLS TAM $2.30 Billion Not included in TAM • Marine opportunities • HLH2 onboard tanks • Hydrogen pumps Not included in TAM • HLH2 onboard tanks • Hydrogen pumps Not included in TAM • Hydrogen pumps Not included in TAM • Hydrogen pumps • 136 Fueling stations • 83 hydrogen transports • 20 hydrogen liquefiers • 260 storage tanks • 2 Marine Fuel Opportunities • Space launch tanks • Onboard LH2 tanks • 136 Fueling stations 1 + multiple equip. • 100 hydrogen transports 21 LH2 + 9 GH2 • 20 hydrogen liquefiers 3 • 260 storage tanks 65 • 2 Marine Fuel 1 eng. study • Space launch tanks 1 • Onboard LH2 tanks 0 • 10-15 Transform plants 0 Number of units booked from 1/1/2020 to 3/31/2021 GTLS TAM $109.3 Million Orders $ M Q1 2020 $4.2 Q2 2020 1.2 Q3 2020 9.2 Q4 2020 23.5 Q1 2021 71.2 (1) TAM = Total Addressable Market for Chart existing process and equipment

Q1 2021 First of a Kinds (FOAKs) and Meaningful Orders 8 Liquid Nitrous Oxide Dosing for Coffee First PermaMax used in portable/off grid cannabis growhouses Argon Rail Cars to an IG Major Customer Increased CO2 consumption drove move to higher flow CarboMax 600 LH2 marine study for zero emission tugboat with CALSTART BioLNG Trailers and Fueling Stations © 2021 Chart Industries, Inc. Confidential and Proprietary

9 Repair, Service & Leasing Q1 2021 Compared to Q1 2020: • Q1 2020 included a larger order for a Saudi customer • Q1 2021 orders continue to reflect weaker ACHX aftermarket • Improvement in gross margin reflects appropriate cost structure and increasing positive mix from aftermarket, service, repairs and leasing Q1 2021 Compared to Q4 2020: • Q1 2021 accurately reflects a more typical quarter for RSL (Q4 2020 included an atypical level of fast turn repairs and installations (affects sequential orders and gross margin as a percent of sales)) • Increases in our leasing business is beginning to positively impact both sales and operating income – expected to further increase in 2H 2021 • Greenfield repair facility in South Carolina (USA) is expected to begin repairs in late Q2 2021 $43 $41 Q1 FY20 Q1 FY21 $55 $41 Q4 FY20 Q1 FY21 -6% -26% $41 $41 Q1 FY20 Q1 FY21 $41 $41 Q4 FY20 Q1 FY21 +2% +1% 29.0% 35.5% Q1 FY20 Q1 FY21 43.7% 35.5% Q4 FY20 Q1 FY21 +650 bps -820 bps Orders Sales Gross Margin © 2021 Chart Industries, Inc. Confidential and Proprietary

10 Cryo Tank Solutions Q1 2021 Compared to Q1 2020: • Record mobile equipment orders and sales • Rebounding of industrial gas activity, in particular when comparing March 2020 to March 2021 Q1 2021 Compared to Q4 2020: • Fourth quarter 2020 was a record order quarter • Sequential sales decline represents typical sales seasonality • Record storage equipment gross profit margin • Continued improvement in China margin performance $111 $104 Q4 FY20 Q1 FY21 $132 $133 Q4 FY20 Q1 FY21 $101 $130 Q1 FY20 Q1 FY21 $132 $130 Q4 FY20 Q1 FY21 +28% -2% $98 $104 Q1 FY20 Q1 FY21 $111 $104 Q4 FY20 Q1 FY21 +6% -6% 24.6% 24.3% Q1 FY20 Q1 FY21 21.7% 24.3% Q4 FY20 Q1 FY21 -30 bps +260 bps Orders Sales Gross Margin © 2021 Chart Industries, Inc. Confidential and Proprietary

China Is Firing on All “Cylinders” (ISO Containers)… 11 And Mobile Equipment is “Rolling”… In the first quarter of 2021: • Mobile equipment orders and sales were a record • Booked 171 trailer orders • Proudly supported carbon-neutral BioLNG to a Schenk German truck refueling site using Chart LNG trailers In the month of March 2021: • 181 units of Perma shipped, the highest volume in 8 years • 84 ISO containers and 18 tanks shipped in March, the highest month in history for these • 32 Trailers and 6 ORCAs shipped, the highest volume in 3 years © 2021 Chart Industries, Inc. Confidential and Proprietary

12 Heat Transfer Systems Q1 2021 Compared to Q1 2020: • Order increase driven by start of air-cooled heat exchanger (ACHX) and petrochemical market recovery, New Fortress Energy FastLNG project • Sales decrease resulting from 2020 decline in ACHX orders and less Venture Global Calcasieu Pass (VGCP) BigLNG revenue • Gross margin % decline driven by lower ACHX volumes Q1 2021 Compared to Q4 2020: • Q4 2020 orders included a $70M ACHX downstream order • Sales QOQ decline driven entirely by Calcasieu Pass sales • Excluding VGCP BigLNG, gross margin as a percent of sales increased Additional BigLNG Order Opportunities and the following potential ssLNG opportunities are not included in our 2021 full year outlook: # Project Description Potential Content ($M) 1 Eagle Jacksonville 500 gpd liquefier $36 2 NEC 250 gpd liquefier $25 3 EU Client 10 TPD Biogas liquefier $4 4 Gasum 3 individual LBG (bio) $4.8 each 5 Confidential 1 MTPA liquefier $30 6 SW USA Utility 280k storage/regas $2.2 7 S. Africa 300 TPD $6.4 8 USA Confidential 1 MTPA liquefier $40 9 USA Confidential Multiple 250 gpd $40 10 Philippines 3.5M storage $25 Gross Margin $92 $105 Q1 FY20 Q1 FY21 $140 $105 Q4 FY20 Q1 FY21 +15% -25% 23.1% 22.8% Q1 FY20 Q1 FY21 24.7% 22.8% Q4 FY20 Q1 FY21 -30 bps -190 bps Orders $113 $69 Q1 FY20 Q1 FY21 $79 $69 Q4 FY20 Q1 FY21 -39% -12% Sales © 2021 Chart Industries, Inc. Confidential and Proprietary

© 2021 Chart Industries, Inc. Confidential and Proprietary 13 First Quarter 2021 Earnings Per Share $ millions, except per share amounts Q1 2021 Q1 2020 Change v. PY Net income from continuing operations $25.6 $2.1 $23.5 Reported Diluted EPS $0.63 $0.06 $0.57 1 Restructuring and transaction-related costs 0.10 0.19 (0.09) 2 Other one-time items (1) 0.04 0.05 (0.01) 3 Tax effects (2) (0.02) (0.03) 0.01 4 Dilution impact of convertible notes 0.05 - 0.05 Adjusted Diluted EPS (4) $0.80 $0.27 $0.53 5 Investment mark-to-market (3) (0.06) 0.12 (0.18) Adjusted Diluted EPS excluding strategic investment (4) $0.74 $0.39 $0.35 (1) COVID-19 related costs of $0.03 Q1 2020; Commercial and legal settlements of $0.02 in Q1 2020 and $0.02 in Q1 2021, and new facility startup costs of $0.02 in Q1 2021. (2) Tax effect reflects adjustment at normalized periodic rates. (3) Stabilis investment mark-to-market in Q1 2020; Stabilis and McPhy investments mark-to-market in Q1 2021, tax affected at normalized periodic rates. (4) Adjusted Diluted EPS (a non-GAAP measure) is as reported on a historical basis.

2020 Actual Sales to 2021 Sales (to Low End of Range) 14 (A) VG Calcasieu Pass ~$98 million in 2020, $21 million in 2021 full year outlook (B) Includes FastLNG 2021 revenue portion and 2021 petrochemical project currently in backlog as well as one additional small-scale LNG project expected to be booked in Q2 2021 (C) A portion of the $70 million ACHX order that was booked in Q4 2020 should begin to ship in Q4 2021 (D) Reflects the Q1 2021 Plug Power liquefier orders (2021 revenue portion) and additional equipment orders received in Q1 2021 that will ship in 2H 2021 (E) Increase of HLNG 2021 sales resulting from continued high demand in Q1 2021 (F) Addition of Cryo Technologies (acquisition closed February 16, 2021) (G) Incremental BlueInGreen revenue in 2021 (H) Increase in intercompany eliminations due to HLNG and ISO container increases (I) Amounts may not reconcile due to rounding. A, B C D, F E G H © 2021 Chart Industries, Inc. Confidential and Proprietary 2020 Sales Actual % Growth Est. 2021 Specific Projects (1) Specific Projects (2) Acquisition Impacts 2021 Sales at low end of range % growth at low end of range Heat Transfer Systems 370 3% 381 (77) 77 - 380 3% Heat exchangers/cold boxes/systems 220 3% 226 (77) 57 206 -6% ACHX/Fans 152 3% 156 20 176 16% Eliminations (2) 0% (2) (2) 0% Cryo Tank Solutions 416 7% 443 - - - 443 7% Storage equipment 223 8% 240 240 8% Engineered systems 90 7% 96 96 7% Mobile Equipment 108 4% 112 112 3% Eliminations (5) 0% (5) (5) 0% Specialty Products 242 25% 303 - 32 38 373 54% Hydrogen & Helium 22 70% 38 32 30 99 347% HLNG 74 35% 100 100 35% Food & Beverage 39 10% 43 43 10% Other 107 15% 123 8 131 22% Repair, Service, Leasing 158 13% 179 - - - 179 13% Repair, Service, Leasing 90 15% 104 104 15% ACHX and Fans Aftermarket 69 10% 76 76 10% Eliminations (1) 0% (1) (1) 0% Corporate Eliminations (9) 70% (15) - - (15) 70% Total Chart 1,177 10% 1,291 (77) 108 38 1,360 16%

Full Year 2021 Guidance (Continuing Operations) 15© 2021 Chart Industries, Inc. Confidential and Proprietary Prior Guidance Current Guidance Revenue $1.32 to $1.38B Includes $21M of Calcasieu Pass Includes $30M from CT Non-Diluted Adjusted EPS $3.50 to $4.00 Assumes 18% ETR & 35.5M shares outstanding Capital Expenditures $40 to $50M Adjusted Free Cash Flow $190 to $220M # Capex ($M) Amount 1 Maintenance $27-30 2 Leasing fleet expansion 4-5 3 S.C. USA Repair Shop 3-4 4 Teddy Multi-Product Expansion 3-4 5 Hydrogen Product Development 2-3 6 Tulsa Flex Manufacturing 2-3 7 Total $40- $50 Q1 2021 YTD Capex spent $11.5 Revenue $1.36 to $1.41B Includes $21M of Calcasieu Pass Includes $30M from CT Non-Diluted Adjusted EPS $3.65 to $4.15 Assumes 18% ETR & 35.5M shares outstanding Capital Expenditures $40M to $50M Adjusted Free Cash Flow $200M to $220M

Updated Sustainability Report Issued April 6, 2021 © 2021 Chart Industries, Inc. Confidential and Proprietary 16 • Achieved lowest Total Recordable Incident Rate in our history (2020) • Actively implement Diversity and Inclusion Committee suggestions • Provide one paid day off to each team member annually to volunteer • Goal to achieve 30% carbon reduction by 2030 and neutrality by 2050 • Reduced GHG intensity by ~6% in 2020 • Reduced Scope 1 and Scope 2 emissions by almost 9% in 2020 • Reduced total energy consumption by almost 16% in 2020 • Included ESG metric in executive 2021 short-term bonus target • Contribute to 5 of the United Nations Sustainable Development Goals • Our Board of Directors is 33% female and 33% diverse • We utilize Riskmethods analytics to proactively monitor our supply chain for proper governance in our supplier network Adding our MicroDose liquid nitrogen dosing to Cargill’s packaging line in Brazil facilitated the use of lightweight 15g PET bottles, saving 1.6 million pounds of plastic (about the same weight as 24 adult humpback whales). Our work to design a LNG virtual pipeline, allowing our project partner Grupo Sousa to deliver natural gas to the Madeira Islands from the Portuguese mainland, has reduced over 270,000 metric tons of carbon dioxide since 2014. Chart provided the horizontal liquefied natural gas (HLNG) vehicle tanks for IVECO’s S-Way NP 460, named the Sustainable Truck of the Year for 2021.

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© 2021 Chart Industries, Inc. Confidential and Proprietary 18 Q1 2021 Free Cash Flow (1) “Net income, adjusted” is not a measure of financial performance under U.S. GAAP and should not be considered as an alternative to net income in accordance with U.S. GAAP. Reconciliation to Net Income (U.S. GAAP) is provided in accompanying press release financial tables. (2) “Free Cash Flow” is not a measure of financial performance under U.S. GAAP and should not be considered as an alternative to net cash provided by (used in) operating activities in accordance with U.S. GAAP. The Company believes this figure is of interest to investors and facilitates useful period-to period comparisons of the Company’s operating results. $ millions, except per share amounts Consolidated Q1 2021 Q1 2020 Change v. PY Net income, adjusted (1) $25 $22 $3 Depreciation and amortization 19 24 (5) Accounts receivable 14 8 6 Inventory (36) (16) (20) Unbilled contract revenues and other assets (7) 8 (15) Accounts payable and other liabilities 4 (17) 21 Customer advances and billings in excess of contract revenue (11) (4) (7) Net Cash Provided By Operating Activities $8 $25 ($17) Capital expenditures (11) (10) (1) Free Cash Flow (2) ($3) $15 ($18) First quarter FCF was impacted by the following: (1) Timing of the ISO container revenue recognition that shifted from Q1 2021 to Q2 2021 will directly and positively impact FCF in the second quarter 2021. (2) Strength in March 2021 orders for HLNG vehicle tanks and beverage equipment drove an increase in inventory in the first quarter 2021; these products typically have a four to eight week lead-time and therefore end of quarter inventory levels reflected this book to bill timing. (3) And finally, the necessity to have material available for the on- time delivery of our remainder of the year shipments and strong orders on longer lead-time products such as trailers and railcars will contribute to our anticipated strong second half 2021 FCF.

PRIOR 2020 Sales to 2021 Fcst Sales (to Low End of Range) 19 (A) VG Calcasieu Pass ~$98 million in 2020, $21 million in 2021 forecast (B) Expect two small-scale LNG projects to move to notice to proceed in 2021, resulting in a portion of revenue recognition in the second half of 2021 (C) A portion of the $70 million ACHX order that was booked in Q4 2020 should begin to ship in Q4 2021 (D) Expect ~$5 million of orders in Q1 2021 that would be shipped within the year. Other orders expected but are for 2022 revenue recognition (E) Addition of Cryo Technologies (acquisition closed February 16, 2021) (F) Incremental BlueInGreen revenue in 2021 A, B C D, E F 2020 Sales Actual % Growth Est. 2021 Specific Projects (1) Specific Projects (2) Acquisition Impacts 2021 Sales at low end of range % growth at low end of range Heat Transfer Systems 370 3% 381 (77) 67 - 371 0% Heat exchangers/cold boxes/systems 220 3% 226 (77) 47 196 -11% ACHX/Fans 152 3% 156 20 176 16% Eliminations (2) 0% (2) (2) 0% Cryo Tank Solutions 416 6% 440 - - - 440 6% Storage equipment 223 8% 240 240 8% Engineered systems 90 7% 96 96 7% Mobile Equipment 108 0% 108 108 0% Eliminations (5) 0% (5) (5) 0% Specialty Products 242 22% 296 - 5 38 339 40% Hydrogen & Helium 22 70% 38 5 30 73 228% HLNG 74 25% 93 93 25% Food & Beverage 39 10% 43 43 10% Other 107 15% 123 8 131 22% Repair, Service, Leasing 158 13% 179 - - - 179 13% Repair, Service, Leasing 90 15% 104 104 15% ACHX and Fans Aftermarket 69 10% 76 76 10% Eliminations (1) 0% (1) (1) 0% Corporate Eliminations (9) 0% (9) - - (9) 0% Total Chart 1,177 9% 1,287 (77) 72 38 1,320 12% © 2021 Chart Industries, Inc. Confidential and Proprietary