Exhibit 99.2 Chart Industries Second Quarter 2019 July 18, 2019 © 2019 Chart Industries, Inc. Confidential and Proprietary © 2019 Chart Industries, Inc. Confidential and Proprietary
Forward Looking Statements Certain statements made in this presentation are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning the Company’s business plans, including statements regarding completed acquisitions, including the recent acquisition of Harsco’s Industrial Air-X- Changers Business (“AXC”), cost synergies and efficiency savings, objectives, future orders, revenues, margins, earnings or performance, liquidity and cash flow, capital expenditures, business trends, governmental initiatives, including executive orders and other information that is not historical in nature. Forward-looking statements may be identified by terminology such as "may," "will," "should," "could," "expects," "anticipates," "believes," "projects," "forecasts," “outlook,” “guidance,” "continue," or the negative of such terms or comparable terminology. Forward-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 which are difficult to predict and many of which are beyond the Company's control, that could cause the Company's actual results to differ materially from those matters expressed or implied by forward-looking statements. Factors that could cause the Company’s actual results to differ materially from those described in the forward-looking statements include: the Company’s ability to successful integrate recent acquisitions, including the AXC acquisition, and achieve the anticipated revenue, earnings, accretion and other benefits from these acquisitions; and the other factors discussed in Item 1A (Risk Factors) in the Company’s most recent Annual Report on Form 10-K filed with the SEC, which should be reviewed carefully. The Company undertakes no obligation to update or revise any forward-looking statement. This presentation contains non-GAAP financial information, including EBITDA. For additional information regarding the Company's use of non-GAAP financial information, as well as reconciliations of non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with accounting principles generally accepted in the United States ("GAAP"), please see slides titled "Non-GAAP Financial Measures" included in the appendix at the end of this presentation. Chart is a leading diversified global manufacturer of highly engineered equipment servicing multiple market applications in Energy and Industrial Gas. The majority of Chart's products are used throughout the liquid gas supply chain for purification, liquefaction, distribution, storage and end-use applications, a large portion of which are energy-related. Chart has domestic operations located across the United States and an international presence in Asia, Australia, Europe and the Americas. For more information, visit: http://www.chartindustries.com. 1 © 2019 Chart Industries, Inc. Confidential and Proprietary
Light blue = 51.163.221 Chart is Benefitting From Industry Tailwinds Drivers of Results Correlation to Chart Q2 / FY • Big LNG activity is ramping • Small-scale and utility scale LNG targets Market Demand for LNG different customers ✓ • Repair, service and aftermarket capabilities • Developing economies such as India • Revenue synergy capture Market Growth Markets • ACHX demand outside North America ✓ • Specialty markets Not in • IMO 2020 Market Regulatory Requirements guidance • LNG By Rail • Utilization of global footprint for cost and lead- Self-Help Margin time Internal • Sourcing Expansion ✓ • Restructuring / PLS • Cost synergy capture Source: US Energy Information Administration, ADI Analytics, McKinsey, management 2 © 2019 Chart Industries, Inc. Confidential and Proprietary
Q2 2019 Sales & Orders All results reflect continuing operations E&C D&S East D&S West Sales +19% +25% (-2%) $120 $78 $118 $116 $101 $62 Q2 2018 Q2 2019 Q2 2018 Q2 2019 Q2 2018 Q2 2019 Orders +4% +18% (9%) $127 $79 $123 $67 $127 $116 Q2 2018 Q2 2019 Q2 2018 Q2 2019 Q2 2018 Q2 2019 • Big LNG • Industrial gas • Industrial gas • Air Cooled Heat Exchangers • LNG fueling systems • Long term agreements • Petrochemical • Trailers • Over the road trucking • Natural Gas Processing • China • Specialty Markets • VRV • VRV • Parts, repair, service 3 © 2019 Chart Industries, Inc. Confidential and Proprietary
Small and Utility-Scale LNG ssLNG opportunities exist globally, and Chart’s global footprint, enhanced by VRV, is well positioned to capitalize. United States Europe / Russia EAST COAST ◼ Utility / peak gas capacity China ◼ Marine fuel or bunkering WEST COAST ◼ Road transport ◼ Utility ◼ Refueling infrastructure ◼ Road transportation OTHER MARKETS ◼ Refueling infrastructure ◼ Industrial / asphalt / energy ◼ Industrial fuel supply ◼ Inland water transportation Caribbean South East Asia ◼ Power generation and Australia ◼ Refueling infrastructure service/repair ◼ Vietnam: road transport ◼ Indonesia: Regas, power generation ◼ Myannmar ◼ Phillippines Mexico India ◼ South Korea ◼ Road transportation ◼ Mining ◼ Refueling infrastructure, including ◼ Gas/fuel for off-pipeline grid LNG, CNG and LCNG locations 4 © 2019 Chart Industries, Inc. Confidential and Proprietary
Big LNG Order Opportunities Number Project Chart Customer Operator Size Chart Content Expected Timing of Chart orders 1 - Calcasieu Pass BHGE Venture Global 10 MTPA 18 cold boxes, BAHX Q1 2019 BOOKED 2 – Gimi (Tortue) Black & Veatch Golar 3.75 MTPA 4x Cold boxes, BAHX 1H 2019 BOOKED 3 Driftwood Bechtel Tellurian 27 MTPA (Phase 1 IPSMR®, cold boxes, BAHX, Q3 2019 for 1st 16 MTPA) ACHX phase 4 – Magnolia LNG Ltd LNG Ltd 8.8 MTPA Cold boxes, BAHX, core-in 2H 2019 50% in kettles BACKLOG 5 Corpus Christi Stage KBR Cheniere 9.5 MTPA IPSMR®, cold boxes, BAHX, 2H 2019 -1H 2020 Three ACHX 6 Pointe LNG EPC TBD Pointe LNG 6 MTPA IPSMR®, cold boxes, BAHX, 2020 ACHX 7 Plaquemines BHGE Venture Global 20 MTPA 36 cold boxes, BAHX 1H 2020 8 Corpus Christi Stage TBD Cheniere 2 trains at 4.5 Opportunity for: BAHX, ACHX, 2H 2020 – 1H 2021 Four MTPA each cold boxes 9 Ghandria Black & Veatch Golar 3.75 MTPA 4x Cold boxes, BAHX 1H 2020 10 Freeport LNG Train 4 KBR Freeport LNG 15 MTPA BAHX on the Feed Gas 2020 pretreatment • Includes Hudson Products content where applicable • Does not include full list of project opportunities • Opportunities represent possible large projects based on current status of discussions with customers. Ultimate realization of these projects depends upon status of project and on the execution / delivery of definite documentation with customers. 5 © 2019 Chart Industries, Inc. Confidential and Proprietary
Global LNG Opportunities ** International liquefaction projects* Global receiving terminals locations Chart Content Project Name State / Country Capacity (mtpa) Potential Qatar LNG Qatar 31.2 ✓ Kw ispaa LNG BC, Canada 24.0 ✓ Artic 2 Russia 19.8 ✓ Mozambique Rovuma Mozambique 15.2 ✓ Mozambique LNG Mozambique 12.0 ✓ Baltic LNG Russia 10.0 ✓ Goldboro LNG NS, Canada 10.0 ✓ PNG Expansion Paupa New Guinea 8.1 ✓ Nigeria Train 7 Nigeria 8.0 ✓ LNG Canada 1 BC, Canada 6.5 ✓ LNG Canada 2 BC, Canada 6.5 ✓ Yamal LNG 3 Russia 5.5 Regasification capacity and 2025 forecast* Ichthys 2 Australia 4.5 Tangguh 3 Indonesia 3.8 Prelude FLNG Australia 3.6 Coral FLNG Mozambique 3.4 Tortue Senegal 2.5 ✓ Fortuna FLNG Equatorial Guinea 2.2 ✓ Woodfiber LNG BC, Canada 2.1 ✓ PFLNG Dua Malaysia 1.5 Portovaya LNG Russia 1.5 Sengkang LNG Indonesia 0.5 *Source: Bloomberg • Regasification capacity is projected to increase 55% **Source: IGU World LNG Report – 2019 Edition, IHS Markit, Company Announcements by 2025 Note: Terminal numbers correspond to Appendix 6 © 2019 Chart Industries, Inc. Confidential and Proprietary
Specialty Market Updates NextGen Fueling System Food & Beverage Space Exploration • Integrated fueling system patents • Five 15,000 gallon nitrogen • In conjunction with India Space (2017 U.S.; 2019 EU) Chillzilla’s, a 6 ton LCO2, VJ Pipe Research Organization, delivered the region’s largest hydrogen tank • Side access will be the next • End user previously used LCO2, development and did not have a consistent • Booked a United States space supply source; new solution is exploration order for $3.9 million • Pressure Aide & Tank Control nitrogen System are specified more often • The nitrogen is used to cool beef & sausage as it goes through a mixer, which is then made into patties for a major food restaurant 7 © 2019 Chart Industries, Inc. Confidential and Proprietary
Q2 2019 Adjusted Gross Margin1 All results reflect continuing operations Sequential E&C D&S East D&S West 24.4% 21.5% 36.8% 20.2% 34.1% 22.0% Q1 2019 Q2 2019 Q1 2019 Q2 2019 Q1 2019 Q2 2019 As Reported: 18.3% 25.4% 13.0% 14.3% 33.9% 36.8% vs. Prior Year E&C D&S East D&S West 24.4% 23.1% 36.8% 21.5% 35.7% 21.1% Q2 2018 Q2 2019 Q2 2018 Q2 2019 Q2 2018 Q2 2019 As Reported: 21.1% 25.4% 22.6% 14.3% 32.5% 36.8% (1) Adjusted to exclude one-time restructuring and integration related costs 8 © 2019 Chart Industries, Inc. Confidential and Proprietary
Q1 2019 Margin Expansion Actions ($M) Facility Headcount Price Product Line Projected Projected Reduction / Reduction / Increases and Rationalization Incremental OpInc Impact Consolidation Other Supply Chain (1) Annual to 2019 Versus (1) Savings Prior Guide E&C Announced Absorbed consolidation from 4 LifeCycle facilities to 1 in backoffice into Tulsa, OK ACHX business units production $4.5 $2.0 Simplified mgmt. structure D&S East Eliminated VRV Global D&S price Closed production duplicate positions increase (Jan 8) of BAHX in China $0.5 $0.5 China headcount reduction D&S West Restructure of Global D&S price parts, repair, increase (Jan 8) service group $0.5 $0.5 Corporate Streamlined Sourcing savings corporate support across three functions (Legal, segments and $1.0 $0.6 Marketing) and corporate outside professional costs $6.5M $3.6M (1) Price increases, supply chain savings, and Product line rationalization were included in prior 2019 guidance 9 © 2019 Chart Industries, Inc. Confidential and Proprietary
Q2 2019 Margin Expansion Actions ($M) Facility Headcount Price Product Line Projected Projected Reduction / Reduction / Increases and Rationalization Incremental OpInc Impact Consolidation Other Supply Chain Annual to 2019 Versus Savings Prior Guide E&C Consolidated Reduced duplicate backoffice in La positions with $2.2 $1.9 Crosse into streamlined manufacturing plant facilities D&S East Reduced Closed production headcount of vehicle tank 1.9 1.2 associated with line in China product line closures D&S West Reduced overlapping role 0.1 0.0 Corporate Continued Additional savings backoffice CBS achieved above 0.7 0.0 streamlining the original $5.5 million included in prior guide (incremental $0.7M) $4.2M $3.1M (1) Price increases, supply chain savings, and Product line rationalization were included in prior 2019 guidance 10 © 2019 Chart Industries, Inc. Confidential and Proprietary
Leveraging Our Global Operations Europe Asia-Pacific Benefits: ◼ Ferox – Decin, CR ◼ Changzhou, China • 27 out of 44 D&S product ◼ VRV – Italy ◼ GOFA –Germany ◼ IMB – Italy ◼ Chengdu, China (CryoBio) lines have reduced lead E&C ◼ Flow – Germany ◼ VRV – India times since beginning of ◼ Hudson/Cofimco – Italy ◼ VCT Vogel – Germany East D&S ◼ Australia (CryoBio) 2019 D&S East D&S ◼ Germany (CryoBio) ◼ VRV – Italy • Now carrying parts for high ◼ VRV/Cryo Diffusion – France demand products Americas ◼ Ball Ground, GA ◼ New Prague, MN ◼ Fremont, CA ◼ McCarran, NV (Repairs) Corporate Headquarters ◼ Houston, TX (Repairs) Ball Ground, GA D&S West D&S ◼ Skaff – Brentwood, NH (Repairs) ◼ Thermax – Dartmouth, MA ◼ New Iberia, LA ◼ Tulsa, OK ◼ La Crosse, WI E&C ◼ The Woodlands, TX ◼ Hudson/Cofimco – Beasley, TX ◼ Franklin, IN (Repairs) 11 © 2019 Chart Industries, Inc. Confidential and Proprietary
2019 Guidance Ref # Description Revenue ($M) Adjusted EPS 1 2018 Actual $1,084 $2.02 2 Organic growth +10.5 months incremental 170 – 220 0.27 - 0.47 VRV + synergies 3 Pricing, sourcing, net of material cost; and 3 – 4 0.16 - 0.26 2018 restructuring actions 4 Q1 2019 incremental restructuring benefits 0.08 5 Calcasieu Pass and Gimi 28 – 30 0.17 – 0.21 6 2H 2019 AXC 120 0.15 7 2019 Prior Guidance $1,410 - $1,460 $2.85 - $3.20 8 Strategic financing (0.11) 9 Q2 2019 incremental self-help benefits 0.03 Q2 2019 beat 0.07 11 2019 Current Guidance $1,410 - $1,460 $2.85 - $3.20 12 © 2019 Chart Industries, Inc. Confidential and Proprietary
Q2 Adjusted EPS $ millions, except per share amounts Continuing Operations Q2 2019 Q2 2018 Change v. PY 1H 2019 1H 2018 Change v. PY Income $14.4 $9.9 $4.5 $15.3 $14.1 $1.2 from continuing operations Reported EPS $0.41 $0.31 $0.10 $0.45 $0.44 $0.01 Restructuring and transaction- 1 0.23 0.07 0.16 0.44 0.10 0.34 related costs 2 Integration and Step Up Costs 0.02 - 0.02 0.11 - 0.11 3 Other One-Time Items (2) - 0.09 -0.09 0.03 0.09 -0.06 Dilution impact of convertible 4 0.02 0.01 0.01 0.03 - 0.03 notes Adjusted EPS (1) $0.68 $0.48 $0.20 $1.06 $0.63 $0.43 (1) Adjusted EPS (a non-GAAP measure) is as reported on a historical basis. Tax affected adjustments are at normalized statutory periodic rates. (2) Includes $0.01 and $0.09 related to aluminum cryobiological tank recall reserve expense in Q1 2019 and Q2 2018 respectively, and $0.02 related to Tax Reform / transition tax related adjustments in Q1 2019. 13 © 2019 Chart Industries, Inc. Confidential and Proprietary
2019 Guidance FY 2018 Results Prior FY 2019 Guidance Full Year 2019 Sales Sales Sales $1.41B - $1.46B $1.41B - $1.46B $1.08B Inclusive of 2019 portion of Inclusive of 2019 portion of 28.6% growth Calcasieu Pass and Golar Gimi Calcasieu Pass and Golar Gimi 13.4% organic growth And 2H 19 AXC And 2H 19 AXC Adjusted EPS Adjusted EPS Adjusted EPS (1) $2.02 $2.85 - $3.20 $2.85 - $3.20 Assumes 22-23% full year tax rate Assumes 21% full year tax rate Includes 2H 19 AXC Incldues 2H 19 AXC Capital Expenditures Capital Expenditures Capital Expenditures $36M $35M - $40M $35M - $40M (1) Excludes any potential future dilution impact associated with our convertible notes and related derivative securities 14 © 2019 Chart Industries, Inc. Confidential and Proprietary
Appendix © 2019 Chart Industries, Inc. Confidential and Proprietary © 2019 Chart Industries, Inc. Confidential and Proprietary
Adjusted Gross Margin Detail Q2 2018 Q1 2019 Q2 2019 Energy & Chemicals Gross Profit, As Reported 21.3 21.1% 19.3 18.3% 30.5 25.4% Consolidation of facilities - - 3.1 2.9% (1.4) -1.2% VRV Integration and Step Up costs - - 0.8 0.8% 0.2 0.2% Adjusted Gross Profit1 21.3 21.1% 23.2 22.0% 29.3 24.4% D&S West Gross Profit, As Reported 38.2 32.5% 40.0 33.9% 42.6 36.8% Aluminum cryobiological tank recall reserve 3.8 3.2% 0.2 0.2% - - expense Adjusted Gross Profit1 42.0 35.7% 40.2 34.1% 42.6 36.8% D&S East Gross Profit, As Reported 14.1 22.6% 8.9 13.0% 11.1 14.3% Geographic realignment of manufacturing 0.3 0.5% 2.4 3.5% 5.4 6.9% capacity VRV Integration and Step Up costs - - 2.6 3.8% 0.2 0.3% Adjusted Gross Profit1 14.4 23.1% 13.9 20.2% 16.7 21.5% (1) Adjusted to exclude one-time restructuring and integration related costs 16 © 2019 Chart Industries, Inc. Confidential and Proprietary
