PRESS RELEASE Fourth Quarter 2023 Dividends For additional information that management believes to be useful for investors, please refer to the presentation posted on the Investor Relations section of the Company's website, www.fipinc.com, and the Company's Annual Report on Form 10-K, when available on the Company's website. Nothing on the Company's website is included or incorporated by reference herein. Conference Call In addition, management will host a conference call on Friday, March 1, 2024 at 8:00 A. ...

FTAI Infrastructure Inc. (NASDAQ:FIP) Q3 2023 Results Conference Call October 27, 2023 8:00 AM ET Company Participants Alan Andreini - IR Ken Nicholson - CEO Conference Call Participants Giuliano Bologna - Compass Point Operator Good day, and welcome to the Q3 2023 FTAI Infrastructure Earnings Conference Call. As a reminder, this call is being recorded. I would now like to turn the call over to Alan Andreini, Investor Relations. You may begin. Alan Andreini Thank you, Michelle. I would like to welcome you ...

13 14 Electricity Derivatives—Our equity method investee, Long Ridge, enters into derivative contracts as part of a risk management program to mitigate price risk associated with certain electricity price exposures. Long Ridge primarily uses swap derivative contracts, which are agreements to buy or sell a quantity of electricity at a predetermined future date and at a predetermined price. Derivatives Not Designated As Hedging Instruments | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | -- ...

Derivative Financial Instruments Electricity Derivatives—Our equity method investee, Long Ridge, enters into derivative contracts as part of a risk management program to mitigate price risk associated with certain electricity price exposures. Long Ridge primarily uses swap derivative contracts, which are agreements to buy or sell a quantity of electricity at a predetermined future date and at a predetermined price. Cash Flow Hedges Certain of these derivative instruments are designated and qualify as cash f ...

Financial Data and Key Metrics Changes - Adjusted EBITDA for Q2 2023 was $36.2 million, up 20% sequentially from $30.1 million in Q1 2023, marking a record result for the company [31] - The company ended Q2 with $42.5 million in cash and $1.3 billion in debt, with a slight increase in total debt post a $100 million issuance [22][53] - Revenue for Transtar in Q2 was $42.5 million, with adjusted EBITDA of $20.3 million, up from $41 million and $17.2 million in Q1 respectively [33][52] Business Line Data and Key Metrics Changes - Transtar's adjusted EBITDA increased by 18% from Q1 to Q2, driven by higher carload volumes and average rates [52] - Repauno experienced an adjusted EBITDA loss in Q2 due to startup costs but is now generating positive adjusted EBITDA [32][36] - Long Ridge reported $10.4 million in adjusted EBITDA for Q2, down from $11.3 million in Q1, as gas production was limited due to lower prices [57] Market Data and Key Metrics Changes - The market prices for gas in the region are between $1.30 to $1.50 per MMBtu, with the company targeting production increases when prices exceed $2 [12] - The company is seeing increased interest from behind-the-meter customers, including data center developers and companies focused on energy transition opportunities [1] Company Strategy and Development Direction - The company aims to reach a run rate of $200 million in annual adjusted EBITDA by the end of 2023 without additional capital investment [21] - There is a focus on securing long-term contracts for clean fuels, with a new 15-year contract for hydrogen-based clean fuels at Jefferson South [35][65] - The M&A market is becoming more active, with the company reviewing numerous investment opportunities [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving $30 million of incremental EBITDA opportunities at Transtar, with $15 million to $20 million already in a good place [7] - The company anticipates continued growth in the second half of 2023, driven by new contracts and operational improvements [21][27] - Management noted that the completion of the new ship dock at Jefferson will significantly enhance operational capacity and EBITDA growth [64] Other Important Information - The company declared a quarterly dividend of $0.03 per share to be paid on August 15 [51] - The completion of the second ship dock at Jefferson is expected to facilitate substantial increases in volumes entering the second half of the year [24] Q&A Session Summary Question: What is the expected EBITDA growth for the remainder of 2023? - Management expects to maintain 20% EBITDA growth from segments and closer to 25% after corporate expenses [59] Question: What is the contribution of third-party EBITDA to Transtar's reported figures? - Approximately 10% of Transtar's EBITDA is attributable to third parties, with plans to increase this contribution [60] Question: What is the anticipated EBITDA from Jefferson in the near term? - Jefferson is expected to reach a quarterly EBITDA run rate of over $10 million starting in Q3, driven by the completion of the new dock and new contracts [64] Question: What is the current M&A environment? - The M&A market is becoming more active, with the company reviewing many investment opportunities and expecting to see results in the coming quarters [14][68]

Repauno Port & Rail Terminal Jefferson Terminal Supplemental Information Second Quarter 2023 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." The information contained on, or accessible through, any websites included in this Presentation is not incorporated by reference into, and should not be considered a part of ...

FTAI Infrastructure Inc. (NASDAQ:FIP) Q1 2023 Earnings Conference Call May 3, 2023 8:00 AM ET Company Participants Alan Andreini - Head, Investor Relations Ken Nicholson - Chief Executive Officer Scott Christopher - Chief Financial Officer Conference Call Participants Giuliano Bologna - Compass Point Operator Hello. Thank you for standing by. And welcome to FTAI Infrastructure Q1 2023 Earnings Conference Call. At this time, all participants on a listen-only mode. After the speakers’ presentation, there will ...

Segment Review Average gas production during Q1 reached a record high of 81k MMBtu per day 10 Refinery catalyst and lithium battery recycling Appendix Appendix Appendix: 14 Appendix 16 Consolidated (unaudited) 18 1) This is a Non-GAAP measure. See Reconciliation of Non-GAAP Measures section in Appendix for a reconciliation to the most comparable GAAP measure. Jefferson Terminal (unaudited) Appendix Repauno (unaudited) | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------- ...

| --- | --- | --- | |--------------------------------------------|--------------------|-----------------------| | | March 31, 2023 | December 31, 2022 | | Land, site improvements and rights | $ 183,526 | $ 183,640 | | Construction in progress | 145,544 | 127,941 | | Buildings and improvements | 19,356 | 19,356 | | Bridges and Tunnels | 173,868 | 173,868 | | Terminal machinery and equipment | 1,152,592 | 1,141,505 | | Track and track related assets | 100,068 | 100,068 | | Railroad equipment | 9,007 | 8,463 | ...

65 Total other expense increased $26.8 million due to an increase in interest expense of $26.6 million which reflects an increase in the average outstanding debt from the 2027 Notes issued in July 2022. Dividends and accretion of redeemable preferred stock Dividends and accretion of redeemable preferred stock increased $23.7 million due to the redeemable preferred stock raise completed in August 2022. Adjusted EBITDA (non-GAAP) Adjusted EBITDA decreased $0.3 million primarily due to the changes noted above. ...