CHART INDUSTRIES INC Q3 FY2023 earnings call

• Achieved ~$500M cash proceeds from divestitures, including $111M sale of American Fans, ~$80M from Cofimco closing, and $4.25M from Cryo Diffusion sale. - Generated net cash from operating activities from continuing operations. - At 3.59 net leverage ratio, pro forma for divestitures at 3.47. - Record operating income, EBITDA, EBITDA margin in Q3 2023. - Surpassed year - one commercial synergy target by double, with $297.9M of synergy orders booked. - Safety improved with total recordable incident rate at 0.52 and lowest lost time incident rate. - RSL performing exceptionally strong, with book - to - bill 1.22 in Q3 2023. - Regions: Americas and Europe with double - digit growth, Middle East and Africa stellar, APAC and India with record bookings, China performing at or above forecast

CTS: Shortest booking ship cycle, heavily industrial gas majors business, with EU and China regions. China orders expected to be 20% or more higher in 2024. HTS: Big LNG with good backlog for coming years, including a high - dollar international project. Specialty: Serves various end markets with pragmatic projects, not reliant on government funding. RSL: Over 30% of annual revenue, book - to - bill 1.22 in Q3 2023, orders up over 20% in Q3 2023 vs Q3 2022, backlog at record $609.7M in Q3 2023, expected to grow double - digit with untapped synergy potential

• Update 2023 sales forecast to ~$3.45B to $3.5B. - Update 2023 adjusted EBITDA guidance due to revenue timing. - 2024 EBITDA forecast ~$1.3B unchanged. - 2024 revenue outlook ~$5.1B supported by backlog and commercial synergies. - 2024 free cash flow range $575M to $625M, adjusted EPS ~$14 plus

Q: Ben Nolan asked about segment line of sight for next year, A: Jill Evanko talked about CTS being mid - single digit growth, HTS having good backlog, specialty with pragmatic projects, RSL having double - digit growth potential.

Q: Martin Malloy asked about hydrogen outlook, A: Jill Evanko talked about hydrogen value chain orders increasing, end use demand growing.

Q: Eric Stine asked about new LNG award, A: Jill Evanko talked about IPSMR qualification, high - dollar project, and international potential.

Q: Marc Bianchi asked about top - line progression, A: Jill Evanko talked about margin progression and no single low quarter.

Q: Pavel Molchanov asked about top - line mix change, A: Jill Evanko talked about smoother progression.

Q: Craig Shere asked about commercial synergies and non - big LNG book - to - bill, A: Jill Evanko talked about synergy orders having long revrec cycles and book - to - bill above one.

Q: Ati Modak asked about 2023 guidance movement and 2024 outlook, A: Jill Evanko talked about divestiture timing and commercial synergies.

Q: Rob Brown asked about continuing commercial synergies, A: Jill Evanko and Joe Brinkman talked about continuing synergy wins.

Q: Sherif Elmaghrabi asked about high - velocity hub projects and equipment, A: Jill Evanko and Joe Brinkman talked about hub opportunities and pull - through in HTS and CTS