8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

_____________________________________

FORM 8-K

_____________________________________

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) October 17, 2019

____________________________________

CHART INDUSTRIES, INC.

(Exact name of registrant as specified in its charter)

_____________________________________

Delaware	001-11442	34-1712937
(State of other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

3055 Torrington Drive, Ball Ground, Georgia 30107

(Address of principal executive offices) (ZIP Code)

Registrant’s telephone number, including area code: (770) 721-8800

NOT APPLICABLE

(Former name or former address, if changed since last report)

_____________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.01	GTLS	The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

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Item 2.02    Results of Operations and Financial Condition.

On October 17, 2019, Chart Industries, Inc. (the “Company”) issued a news release announcing the Company’s financial results for the  third quarter ended September 30, 2019, as well as supplemental information for the third quarter ended September 30, 2019. A copy of the news release is furnished with this Current Report on Form 8-K as Exhibit 99.1, and a copy of the supplemental information is furnished with this Current Report on Form 8-K as Exhibit 99.2. All information in the news release and the supplemental information is furnished and shall not be deemed “filed” with the Securities and Exchange Commission for purposes of Section 18 of the Exchange Act, or otherwise be subject to the liability of that Section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act or the Exchange Act, except to the extent the Company specifically incorporated it by reference.

The news release and supplemental information furnished with this Current Report on Form 8-K include measures that exclude certain items required to be presented under generally accepted accounting principles (“GAAP”). These measures are not recognized under generally accepted accounting principles (“GAAP”) and are referred to as “non-GAAP financial measures” in Regulation G under the Exchange Act. The Company believes these measures are of interest to investors and facilitate useful period-to-period comparisons of the Company’s financial results, and this information is used by the Company in evaluating internal performance. The non-GAAP measures are reconciled to the most directly comparable GAAP measure in tables at the end of the news release, except for the adjusted earnings per share amount included in the full year outlook, which the Company is not able to reconcile because certain items have not yet occurred or are out of the Company’s control and/or cannot be reasonably predicted.

Item 9.01    Financial Statements and Exhibits.

(d)    Exhibits.

Exhibit No.	Description
99.1	Chart Industries, Inc. News Release, dated October 17, 2019, announcing the Company's 2019 third quarter results.
99.2	Chart Industries, Inc. Supplemental Information for 2019 third quarter results.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Chart Industries, Inc.
Date: October 17, 2019
	By:  /s/ Jillian C. Evanko                                                  Jillian C. Evanko President, Chief Executive Officer, Chief Financial Officer and Treasurer

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EX-99.1

Exhibit 99.1

Chart Industries Reports 2019 Third Quarter Results

Atlanta, Georgia - October 17, 2019 - Chart Industries, Inc. (NASDAQ: GTLS), a leading diversified global manufacturer of highly engineered equipment for the industrial gas and energy industries, today reported results for the third quarter ended September 30, 2019. Further details can be found in the supplemental presentation included with this release. Highlights include:

• Orders of $286.2 million included record order levels for LNG fueling stations, lasers and hydrogen, contributing to record backlog of $755.6 million.

• Received full and final notice to proceed (“FNTP”) on Venture Global’s Calcasieu Pass Project, as well as an additional $6.6 million order for air cooled heat exchangers on the project.

• Reported gross margin as a percent of sales of 28.3%, an increase of 150 basis points over the second quarter of 2019 (+250 bps on an adjusted basis).

• SG&A as a percent of sales of 16.1% has improved each quarter of 2019, and on a normalized basis is 13.5% of sales, reflecting lower required SG&A through our integration activities.

• Reported EPS of $0.51 increased from $0.41 in the second quarter of 2019. Adjusted EPS of $0.77, a 13.2% increase over the second quarter of 2019 adjusted EPS, reflects our broad-based execution of our order pipeline and margin expansion activities.

• Completed the acquisition of the Air-X-Changers (“AXC”) business on July 1, 2019 and identified target cost synergies totaling $29 million to be achieved within the first 12 months of ownership.

• Projected 2020 total revenue growth of 21% to 24% (15% organic including Calcasieu Pass), and expected 2020 adjusted EPS in the base business of $4.75 to $5.25.

• Expectation of $1.0 billion of additional big LNG orders in 2020.

Broad based global LNG infrastructure buildout, specialty markets, and significant synergies from the combination of Chart, VRV and Air-X-Changers drive continued order strength, 22% anticipated 2020 revenue growth, and further margin expansion. Third quarter 2019 revenue of $357.8 million brings year to date organic growth to 3.2%. Orders of $286.2 million for the third quarter contributed to total record backlog of $755.6 million, an organic increase over the end of 2018 even when excluding the Calcasieu Pass $135 million order.

In the third quarter, we received 33 orders greater than $1 million dollars, with 8 each in E&C Cryo, E&C Finfans and D&S West, and 9 in D&S East. The third quarter orders of $286.2 million dollars included a $6.6 million air cooler award on the last day of the quarter, expanding our equipment content on Venture Global’s Calcasieu Pass project. Also within the quarter, we received an order for $5 million with one customer for hydrogen, a $2.7 million dollar order for pipe related to a space application, a $9.2 million dollar order for a hydrogen recovery system in an ammonia plant, and a $7.5 million dollar order for IMB, the part of VRV that produces shell and tube heat exchangers.

Additionally, we were awarded a $23 million project for a PDH separation system project for which $1.3 million was booked in the third quarter and the remaining is expected to be booked in the fourth quarter of 2019 once full notice to proceed is given. Also, in early October, we received verbal notification of a $9 million award on a power plant project in the Caribbean.

Global LNG infrastructure activity continues to ramp up, with LNG opportunities currently being pursued by Chart in 71 countries. The focus of the activity is small-scale LNG (“ssLNG”), transportation and associated fueling stations. The third quarter of 2019 was a record quarter for LNG fueling station orders, with 19 stations booked, compared to only 3 in the third quarter of 2018. The strong third quarter of 2019 contributed to our year to date total orders for fueling stations of 41, compared to 21 year to date in 2018. In the third quarter, we signed a Memorandum of Understand (“MOU”) with AG&P to develop LNG infrastructure in India and Southeast Asia, which included 6 LCNG stations in the third quarter in India. These trends are expected to continue throughout 2020 and are reflected in the Distribution & Storage East (“D&S East”) backlog of $203.8 million ($165.5 million organically). D&S East backlog and organic backlog have sequentially increased each quarter of 2019.

September was the highest order month of the quarter for E&C Cryogenics and E&C FinFans which trends well for our 2020 outlook. While there is broad macro uncertainty toward industrials, in particular in light of the ongoing volatility in international trade and tariffs, we are confident in our underlying industrial forecast for 2020 in part because of our long-term agreements with our major industrial gas customers. In the third quarter of 2019, we extended our agreements with two of our top three customers, covering over $85 million dollars of associated total annual revenue. The industrial gas customers are forecasting 3% to 5% growth in 2020. In addition to the extension of existing industrial gas LTAs, this year we have been able to secure two multi-year, sole-source agreements with key over the road trucking customers for which we expect high single digit growth in the coming four years. LNG transportation growth in Europe is robust with a forecast of over 280,000 LNG trucks by 2030. Evidencing this trend, third quarter of 2019 LNG vehicle tank orders increased 87% over the second quarter of 2019 and were the highest quarter of the year. Lastly, packaged gas in D&S is a leading indicator for the rest of the business. In the third quarter, packaged gas orders were $65.6 million dollars, an increase over Q2 of 12.5% and an increase over Q3 2018 of 8.6%.

Our specialty market continues to offer additional growth for our Distribution & Storage West segment. Third quarter 2019 specialty market orders of $46 million dollars were 56% higher than the same quarter of 2018, and 54% higher than the second quarter of 2019, with record order levels in lasers and hydrogen. Specialty market sales of $40 million dollars in the quarter were 6% higher than the prior year. Our specialty market applications continue to expand, with committed fourth quarter 2019 orders in water treatment, a new market. We have already received an order for a water treatment system from the City of Denver and have several others in queue with other municipalities.

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Big LNG export terminal activity continues to be an exciting prospect, and our production work has begun on Venture Global’s 10 MTPA Calcasieu Pass project for which we received our full and final notice to proceed in the third quarter of 2019. That project totals $142 million of anticipated revenue for us to recognize between now and mid-2021 and contributes to our 22% total growth forecast in 2020 (15% organic). Further progress toward final investment decisions (“FID”) was made on other significant big LNG order opportunities. Tellurian and Petronet LNG entered into an expanded MOU increasing their investment in the Driftwood project to 5 MTPA, or $2.5 billion in equity investment. This brings further momentum toward FID, which is now expected in the first half of 2020. Driftwood and Cheniere’s Corpus Christi Stage Three have indicated that they will utilize our IPSMR® process technology, for which we recently received our 5th U.S. patent covering liquefaction, heavy hydrocarbon removal and end flash gas cold recovery. Additionally, within Q3 2019, two new international oil companies officially validated the IPSMR® process for use within their projects, the culmination of years of work with these customers.

We are continuing our margin expansion activities and are driving this as a key part of our continuous improvement culture. Year to date we have executed restructuring actions that will result in $13.3 million of annualized savings beginning in 2020, unrelated to synergies from our acquisition integration efforts. We are also well underway in executing more margin expansion in the fourth quarter of 2019, with an additional $5 million of annualized savings expected.

On July 1, 2019, we closed on the acquisition of the Air-X-Changers (“AXC”) business, for which we originally anticipated over $20 million of cost synergies within the first 12 months. Within our first quarter of ownership, we have achieved over $12 million of the synergies, and have completed the facility consolidations, eight months ahead of schedule. Additionally, we have identified another $9 million of cost synergies which will be achieved in addition to the $20 million originally identified, also within the first year.

“Our margin expansion activities from the past 9 months, exceeding scheduled synergies from recent acquisitions, and our multiple aspects of growth potential with no heavy reliance on any one single application or end market positions us to deliver approximately $5.00 of projected adjusted earnings per share in 2020, before any additional big LNG orders,” said Jill Evanko, Chart’s President and CEO. “Further, we expect $1.0 billion of additional big LNG related orders in the second half of 2020 which extends our upcycle for revenue and earnings through 2023”.

Gross margin as a percent of sales of 28.3% for the third quarter of 2019 increased 150 basis points over the second quarter 2019 (26.7%). This reflects our year to date cost cutting activities, and on an adjusted basis is 28.8%, the highest of the year. SG&A continues to trend positively. Similar to Chart legacy businesses, the Air-X-Changer business runs with low SG&A as a percent of sales. SG&A of $57.5 million for the third quarter of 2019 includes restructuring and transaction related costs as well as commercial and legal settlement costs. On a normalized basis, SG&A is $48.4 million or 13.5% of sales, the lowest since the fourth quarter of 2012.

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Our net income for the third quarter of 2019 of $18.7 million is an increase over the second quarter 2019 net income of $14.4 million. Reported earnings per share (“EPS”) of $0.51 is an increase over the second quarter 2019 EPS of $0.41. Adjusted EPS of $0.77 for the third quarter 2019 included $7.4 million of restructuring and transaction related cost ($0.17 of EPS), $1.3 million of integration costs ($0.03 of EPS), and $2.3 of other one-time costs ($0.06 of EPS) due to commercial settlements and dilution from the convertible notes.

Third quarter 2019 adjusted EPS of $0.77 is a 13.2% increase over second quarter adjusted EPS of $0.68, which included $6.8 million of restructuring and transaction related cost ($0.23 of EPS), and $0.8 million of VRV associated integration costs ($0.02 of EPS), and dilution impact from convertible notes that are fully hedged ($0.02).

OUTLOOK 2019

Our 2019 guidance includes second half 2019 revenue and earnings from the completed Air-X-Changers acquisition and includes additional interest and share count from our completed strategic financing activities. Our guidance assumes LNG project revenue in 2019 from the Venture Global Calcasieu Pass and Golar Gimi projects which is subject to project timing.

We expect the fourth quarter of 2019 to be very strong on order timing, including three potential orders over $20 million each, plus increasing year-end order activity across the segments with the exception of upstream and natural gas processing. We are updating our revenue and adjusted EPS guidance to reflect the timing of orders that will positively impact 2020. Our revised revenue guidance is an expected range of $1.33 billion to $1.35 billion for the full year of 2019, compared to previous guidance of $1.41 billion to $1.46 billion. We expect full year adjusted earnings per diluted share to be in the range of $2.70 to $2.90 per share, on approximately 34.7 million weighted average shares outstanding compared to our prior estimate of $2.85 to $3.20 per share, again as the result of the timing of orders which we expect to positively impact 2020. This excludes any restructuring costs and transaction-related costs, and as such is a non-GAAP measure. We expect our effective tax rate to be approximately 21%. Our expected capital expenditures for 2019 continue in the range of $35 million to $40 million, which includes the build out of an LNG fuel systems production line in Europe and maintenance and productivity capital for the Air-X-Changers / E&C FinFans segment. Our weighted average shares projection excludes any potential future dilution associated with our convertible notes.

OUTLOOK 2020

Our 2020 outlook is updated for our current views of end market growth, the expected timing on additional big LNG orders as well as the starting point for 2019 in the “base” outlook. Splitting the outlook into two parts is important, as the base does not require any additional big LNG orders. Further information can be found in the supplemental presentation included with this release.

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• Market Growth: We expect blended market growth of 1% to 2%, with D&S markets averaging 3% growth and base E&C markets experiencing negative to flat trends in 2020. The E&C markets of natural gas processing and air cooler upstream are expected to decline in 2020, partially offset by single digit growth in downstream, refining/processing and petrochemical markets.

• Base Outlook: Our total revenue growth is expected to be 21% to 24%, with 13% to 15% organic growth including Calcasieu Pass (7% to 9% organic excluding Calcasieu Pass). This results in expected base revenue between $1,615 and $1,680 million. The drivers above normal market growth include the already booked Calcasieu Pass, delivering on the Bechtel air cooled heat exchanger order, specialty markets growing over 10%, and increasing LNG infrastructure activity. We expect full year adjusted earnings per diluted share to be in the range of $4.75 to $5.25 per share, on approximately 35.8 million weighted average shares outstanding. This excludes any restructuring costs and transaction-related costs, and as such is a non-GAAP measure.

• Upside Outlook: The upside outlook assumes booking additional big LNG orders based on current operator timelines for FID. Specifically, the upside outlook assumes we receive formal notice to proceed (“FNTP”) on Driftwood by the end of Q2 2020, and FNTP on Plaquemines and Cheniere Corpus Stage 3 also in 2020. In this scenario, revenue would be expected to be in the range of $1,720 million to $1,790 million, and associated adjusted earnings per diluted share to be in the range of $5.45 to $6.15, on approximately 35.8 million weighted average shares outstanding. This excludes any restructuring costs and transaction-related costs, or any dilution associated with our convertible notes, and as such is a non-GAAP measure.

• Tax Rate: We anticipate our 2020 effective tax rate to be 21%.

• Capital Expenditures: Capital expenditures are expected to be in the range of $35 million to $40 million, including investment in expanding our India manufacturing capabilities and completing the LNG vehicle tank line in Italy.

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, 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," “target,” 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

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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 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.

USE OF NON-GAAP FINANCIAL INFORMATION

To supplement the unaudited condensed consolidated financial statements presented in accordance with U.S. GAAP in this news release, certain non-GAAP financial measures as defined by the SEC rules are used.  The Company believes these non-GAAP measures are of interest to investors and facilitate useful period-to-period comparisons of the Company’s financial results, and this information is used by the Company in evaluating internal performance.  See the pages at the end of this news release for the reconciliations of adjusted earnings per diluted share, the non-GAAP measures included in this release.

With respect to the Company's 2019 and 2020 full year earnings outlook, the Company is not able to provide a reconciliation of the adjusted earnings per diluted share because certain items may have not yet occurred or are out of the Company's control and / or cannot be reasonably predicted.

CONFERENCE CALL

As previously announced, the Company will discuss its third quarter 2019 results on a conference call on Thursday, October 17, 2019 at 9:30 a.m. ET.  Participants may join the conference call by dialing (877) 312-9395 in the U.S. or

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(970) 315-0456 from outside the U.S., entering conference ID 4753859.  Please log-in or dial-in at least five minutes prior to the start time.

A taped replay of the conference call will be archived on the Company’s website, www.chartindustries.com.  You may also listen to a recorded replay of the conference call by dialing (855) 859-2056 in the U.S. or (404) 537-3406 outside the U.S. and entering Conference ID 4753859.  The telephone replay will be available beginning 1:30 p.m. ET, Thursday, October 17, 2019 until 1:30 p.m. ET, Thursday, October 24, 2019.

For more information, click here:

http://ir.chartindustries.com/

Contact:

Jillian Evanko

Chief Executive Officer

630-418-9403

jillian.evanko@chartindustries.com

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CHART INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

(Dollars and shares in millions, except per share amounts)

	Three Months Ended							Nine Months Ended
	September 30, 2019			September 30, 2018		June 30, 2019		September 30, 2019			September 30, 2018
Sales (1)	$	357.8		$	272.2	$	309.6	$	956.7		$	794.2
Cost of sales	256.6			189.9		226.8		705.6			572.2
Gross profit	101.2			82.3		82.8		251.1			222.0
Selling, general, and administrative expenses	57.5			45.8		50.2		163.0			140.5
Amortization expense	13.8			5.0		7.3		28.3			15.7
Operating expenses	71.3			50.8		57.5		191.3			156.2
Operating income (1) (2) (3) (4) (5)	29.9			31.5		25.3		59.8			65.8
Interest expense, net	7.8			5.3		5.4		18.5			17.9
Other (income) expense, net	(3.0		)	—		0.4		(2.3		)	0.8
Income from continuing operations before income taxes	25.1			26.2		19.5		43.6			47.1
Income tax expense	6.4			4.2		4.9		9.3			9.7
Net income from continuing operations	18.7			22.0		14.6		34.3			37.4
Income from discontinued operations, net of taxes	—			0.7		—		—			4.7
Net income	18.7			22.7		14.6		34.3			42.1
Less: Income attributable to noncontrolling interests of continuing operations, net of taxes	—			0.5		0.2		0.3			1.8
Net income attributable to Chart Industries, Inc.	$	18.7		$	22.2	$	14.4	$	34.0		$	40.3
Income from continuing operations	$	18.7		$	21.5	$	14.4	$	34.0		$	35.6
Income from discontinued operations, net of taxes	—			0.7		—		—			4.7
Net income attributable to Chart Industries, Inc.	$	18.7		$	22.2	$	14.4	$	34.0		$	40.3
Basic earnings per common share attributable to Chart Industries, Inc.
Income from continuing operations	$	0.52		$	0.70	$	0.44	$	1.02		$	1.15
Income from discontinued operations	—			0.02		—		—			0.15
Net income attributable to Chart Industries, Inc.	$	0.52		$	0.72	$	0.44	$	1.02		$	1.30
Diluted earnings per common share attributable to Chart Industries, Inc.
Income from continuing operations	$	0.51		$	0.65	$	0.41	$	0.97		$	1.11
Income from discontinued operations	—			0.02		—		—			0.14
Net income attributable to Chart Industries, Inc.	$	0.51		$	0.67	$	0.41	$	0.97		$	1.25
Weighted-average number of common shares outstanding:
Basic	35.76			31.03		32.47		33.28			30.97
Diluted (6)	36.73			32.95		34.72		35.05			32.14

_______________

⁽¹⁾  Includes sales and operating income for VRV, included in the E&C Cryogenics and D&S East segment results since the acquisition date, November 15, 2018 and sales and operating income for AXC, included in E&C FinFans segment results since the acquisition date, July 1, 2019, as follows:

• Sales were $86.0 (E&C Cryogenics: $13.5, E&C FinFans: $60.1, D&S East: $12.4) for the three months ended September 30, 2019 and $28.9 (E&C Cryogenics: $12.9, D&S East: $16.0) for the three months ended June 30, 2019.

• Operating income (loss) was $5.0 (E&C Cryogenics: $2.6, E&C FinFans: $2.6, D&S East: $(0.2)) for the three months ended September 30, 2019 and $(1.1) (E&C Cryogenics: $(2.8), D&S East: $1.7) for the three months ended June 30, 2019.

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⁽²⁾  Includes depreciation expense of:

• $10.3, $7.2, and $8.7 for the three months ended September 30, 2019, September 30, 2018, and June 30, 2019, respectively, and

• $27.8 and $21.2 for the nine months ended September 30, 2019 and 2018, respectively.

⁽³⁾  Includes restructuring costs of:

• $1.5, $2.0, and $4.4 for the three months ended September 30, 2019, September 30, 2018, and June 30, 2019, respectively, and

• $13.3 and $3.5 for the nine months ended September 30, 2019 and 2018, respectively.

⁽⁴⁾ Includes transaction-related costs of:

• $4.3, $2.0 and $1.8 for the three months ended September 30, 2019 and 2018 and June 30, 2019, respectively, and

• $7.0 and $4.1 for the nine months ended September 30, 2019 and 2018, respectively.

⁽⁵⁾  Includes$0.8 related to AXC integration activities during the third quarter of 2019, and $0.6 and $1.8 related to VRV integration activities for the three and nine months ended September 30, 2019, respectively.

⁽⁶⁾  Includes an additional 0.59 and 1.33 shares related to the convertible notes due 2024 and associated warrants in our diluted earnings per share calculation for the three and nine months ended September 30, 2019 , respectively. The associated hedge, which helps offset this dilution, cannot be taken into account under U.S. generally accepted accounting principles (“GAAP”). If the hedge could have been considered, it would have reduced the additional shares by 0.59 and 1.04 for the three and nine months ended September 30, 2019, respectively.

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CHART INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

(Dollars in millions)

	Three Months Ended									Nine Months Ended
	September 30, 2019			September 30, 2018			June 30, 2019			September 30, 2019			September 30, 2018
Net Cash Provided By Operating Activities	$	55.7		$	21.0		$	32.8		$	55.3		$	63.6
Investing Activities
Acquisition of businesses, net of cash acquired	(599.7		)	—			(1.4		)	(603.9		)	(12.5		)
Capital expenditures	(11.6		)	(8.2		)	(9.2		)	(26.7		)	(26.4		)
Investments (1)	(3.3		)	—			—			(3.3		)	—
Government grants	0.7			0.1			—			0.5			0.8
Net Cash Used In Investing Activities	(613.9		)	(8.1		)	(10.6		)	(633.4		)	(38.1		)
Financing Activities
Borrowings on revolving credit facilities	150.6			123.3			33.2			202.6			188.3
Repayments on revolving credit facilities	(92.9		)	(68.5		)	(264.3		)	(384.2		)	(123.3		)
Repurchase of convertible notes	—			(57.1		)	—			—			(57.1		)
Borrowings on term loan	450.0			—			—			450.0			—
Repayments on term loan	—			—			—			—			(3.0		)
Payments for debt issuance costs (1)	(10.9		)	—			(2.7		)	(13.6		)	(0.2		)
Proceeds from exercise of stock options	0.2			3.6			0.9			9.4			5.4
Common stock repurchases	—			(0.1		)	(0.1		)	(2.8		)	(2.4		)
Payments for equity issuance costs	(0.6		)	—			(8.9		)	(9.5		)	—
Issuance of shares	—			—			295.8			295.8
Other	(0.1		)	—			(0.4		)	(0.5		)	(0.4		)
Net Cash Provided By Financing Activities	496.3			1.2			53.5			547.2			7.3
DISCONTINUED OPERATIONS
Cash (Used In) Provided By Operating Activities	—			(2.6		)	—			—			1.5
Cash Provided By (Used In) Investing Activities	—			0.1			—			—			(0.8		)
Cash Used In Discontinued Operations	—			(2.5		)	—			—			0.7
Effect of exchange rate changes on cash	(5.9		)	(2.9		)	0.9			(6.5		)	(6.7		)
Net (decrease) increase in cash, cash equivalents, restricted cash, and restricted cash equivalents	(67.8		)	8.7			76.6			(37.4		)	26.8
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period (2)	149.5			149.5			72.9			119.1			131.4
CASH, CASH EQUIVALENTS, RESTRICTED CASH, AND RESTRICTED CASH EQUIVALENTS AT END OF PERIOD	$	81.7		$	158.2		$	149.5		$	81.7		$	158.2

_______________

⁽¹⁾  Non-cash investing activities of $7.0 related to the conversion of a note receivable into an investment in Stabilis equity securities during the nine months ended September 30, 2019.

⁽²⁾    Includes restricted cash and restricted cash equivalents as follows:

• $1.0 in other assets at September 30, 2019, September 30, 2018 and June 30, 2019, respectively.

10

CHART INDUSTRIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

(Dollars in millions)

	September 30, 2019		December 31, 2018
ASSETS
Cash and cash equivalents	$	80.7	$	118.1
Accounts receivable, net	224.5		194.8
Inventories, net	234.9		233.1
Other current assets	143.8		115.7
Property, plant, and equipment, net	398.9		361.1
Goodwill	798.0		520.7
Identifiable intangible assets, net	577.8		330.4
Investments	15.9		2.8
Other assets	23.3		21.0
TOTAL ASSETS	$	2,497.8	$	1,897.7
LIABILITIES AND EQUITY
Current liabilities	$	374.4	$	366.6
Long-term debt	792.5		533.2
Other long-term liabilities	127.8		108.9
Equity	1,203.1		889.0
TOTAL LIABILITIES AND EQUITY	$	2,497.8	$	1,897.7

11

CHART INDUSTRIES, INC. AND SUBSIDIARIES

OPERATING SEGMENTS (UNAUDITED)

(Dollars in millions)

	Three Months Ended									Nine Months Ended
	September 30, 2019			September 30, 2018			June 30, 2019			September 30, 2019			September 30, 2018
Sales
E&C Cryogenics	$	48.9		$	35.6		$	47.3		$	131.3		$	98.6
E&C FinFans	128.6			62.5			72.9			272.0			190.2
D&S West	114.9			119.0			113.5			344.8			337.2
D&S East	70.4			56.8			77.7			216.8			174.3
Intersegment eliminations	(5.0		)	(1.7		)	(1.8		)	(8.2		)	(6.1		)
Consolidated (1)	$	357.8		$	272.2		$	309.6		$	956.7		$	794.2
Gross Profit
E&C Cryogenics	$	7.9		$	12.1		$	10.3		$	18.3		$	22.0
E&C FinFans	39.8			14.8			20.3			79.4			45.6
D&S West	38.1			44.7			41.7			119.2			119.0
D&S East	16.3			11.2			11.3			36.7			37.1
Intersegment eliminations	(0.9		)	(0.5		)	(0.8		)	(2.5		)	(1.7		)
Consolidated	$	101.2		$	82.3		$	82.8		$	251.1		$	222.0
Gross Profit Margin
E&C Cryogenics	16.2		%	34.0		%	21.8		%	13.9		%	22.3		%
E&C FinFans	30.9		%	23.7		%	27.8		%	29.2		%	24.0		%
D&S West	33.2		%	37.6		%	36.7		%	34.6		%	35.3		%
D&S East	23.2		%	19.7		%	14.5		%	16.9		%	21.3		%
Consolidated	28.3		%	30.2		%	26.7		%	26.2		%	28.0		%
Operating Income (Loss)
E&C Cryogenics	$	3.6		$	6.4		$	—		$	(7.1	)	$	2.9
E&C FinFans	16.2			5.7			10.3			36.0			17.9
D&S West	24.9			31.9			27.8			77.7			77.7
D&S East	7.1			3.3			2.1			7.1			13.5
Corporate	(21.0		)	(15.3		)	(14.1		)	(51.4		)	(44.5		)
Intersegment eliminations	(0.9		)	(0.5		)	(0.8		)	(2.5		)	(1.7		)
Consolidated (1) (2) (3) (4)	$	29.9		$	31.5		$	25.3		$	59.8		$	65.8
Operating Margin (Loss)
E&C Cryogenics	7.4		%	18.0		%	—		%	(5.4		)%	2.9		%
E&C FinFans	12.6		%	9.1		%	14.1		%	13.2		%	9.4		%
D&S West	21.7		%	26.8		%	24.5		%	22.5		%	23.0		%
D&S East	10.1		%	5.8		%	2.7		%	3.3		%	7.7		%
Consolidated	8.4		%	11.6		%	8.2		%	6.3		%	8.3		%

_______________

⁽¹⁾  Includes sales and operating income for VRV, included in the E&C Cryogenics and D&S East segment results since the acquisition date, November 15, 2018 and sales and operating income for AXC, included in E&C FinFans segment results since the acquisition date, July 1, 2019, as follows:

• Sales were $86.0 (E&C Cryogenics: $13.5, E&C FinFans: $60.1, D&S East: $12.4) and $28.9 (E&C Cryogenics: $12.9, D&S East: $16.0) for the three months ended September 30, 2019 and for the three months ended June 30, 2019, respectively.

• Sales were $137.1 (E&C Cryogenics: $35.0, E&C FinFans: $60.1, D&S East: $42.0 ) for the nine months ended September 30, 2019 .

12

• Operating income (loss) was $5.0 (E&C Cryogenics: $2.6, E&C FinFans: $2.6, D&S East: $(0.2)) and $(1.1) (E&C Cryogenics: $(2.8), D&S East: $1.7) for the three months ended September 30, 2019 and for the three months ended June 30, 2019, respectively.

• Operating (loss) income was $(4.2) (E&C Cryogenics: $(3.0), E&C FinFans: $2.6, D&S East: $(3.8)) for the nine months ended September 30, 2019 .

⁽²⁾  Restructuring costs for the three months ended:

• September 30, 2019 were $1.5 ($0.2 – E&C Cryogenics, $0.6 - E&C FinFans, $0.4 – D&S West, $0.3 – D&S East, and $0.0 – Corporate).

• September 30, 2018 were $2.0 ($0.1 – E&C FinFans, $0.1 – D&S East, and $1.8 – Corporate).

• June 30, 2019 were $4.4 ($(1.1) – E&C Cryogenics, $0.1 – D&S West, and $5.4 - D&S East).

⁽³⁾  Includes transaction-related costs of:

• $4.3, $2.0 and $1.8 for the three months ended September 30, 2019 and 2018 and June 30, 2019, respectively, and

• $7.0 and $4.1 for the nine months ended September 30, 2019 and 2018, respectively.

⁽⁴⁾  Includes$0.8 related to AXC integration activities during the third quarter of 2019 (E&C FinFans: $0.7, Corporate: $0.1), and $0.6 (D&S East: $0.2, Corporate: $0.4) and $1.8 (D&S East: $0.2, Corporate: $1.6) related to VRV integration activities for the three and nine months ended September 30, 2019, respectively.

13

CHART INDUSTRIES, INC. AND SUBSIDIARIES

ORDERS AND BACKLOG (UNAUDITED)

(Dollars in millions)

	Three Months Ended
	September 30, 2019		September 30, 2018		June 30, 2019
Orders
E&C Cryogenics(1) (4)	$	35.1	$	23.5	$	49.6
E&C FinFans (2)	63.0		61.4		77.8
D&S West	111.6		103.3		115.8
D&S East (3)	76.5		75.6		78.8
Consolidated	$	286.2	$	263.8	$	322.0

	As of
	September 30, 2019		September 30, 2018		June 30, 2019
Backlog
E&C Cryogenics(1) (4) (5)	$	288.3	$	94.9	$	301.9
E&C FinFans (2)	136.4		131.1		117.4
D&S West	127.1		130.7		130.1
D&S East (3)	203.8		144.8		203.4
Consolidated	$	755.6	$	501.5	$	752.8

_______________

⁽¹⁾  E&C Cryogenics orders include $10.8 and $15.4 in orders related to VRV for the three months ended September 30, 2019 and June 30, 2019, respectively. E&C Cryogenics backlog as of September 30, 2019 and June 30, 2019 includes $43.4 and $46.2 related to VRV, respectively.

⁽²⁾  E&C FinFans orders include $23.6 in orders related to AXC for the three months ended September 30, 2019. E&C FinFans backlog as of September 30, 2019 includes $47.7 related to AXC.

⁽³⁾  D&S East orders include $12.5 and $12.4 in orders related to VRV for the three months ended September 30, 2019 and June 30, 2019, respectively. D&S East backlog as of September 30, 2019 and June 30, 2019 includes $38.3 and $39.6 related to VRV, respectively.

⁽⁴⁾  E&C Cryogenics orders and backlog for the three months ended March 31, 2019 include a $135 million order for the cold box and brazed aluminum heat exchanger equipment content on Venture Global’s Calcasieu Pass liquefied natural gas (LNG) export terminal project.

⁽⁵⁾  Included in the E&C Cryogenics backlog for all periods presented is approximately $40 million related to the previously announced Magnolia LNG order.

14

CHART INDUSTRIES, INC. AND SUBSIDIARIES

RECONCILIATION OF EARNINGS PER DILUTED SHARE TO ADJUSTED EARNINGS PER DILUTED SHARE (UNAUDITED)

(Dollars in millions, except per share amounts)

	Three Months Ended
	September 30, 2019		September 30, 2018		June 30, 2019
Earnings per diluted share as reported (U.S. GAAP) – Continuing Operations	$	0.51	$	0.65	$	0.41
Restructuring, transaction-related and other costs (1)	0.17		0.07		0.19
Commercial and legal settlements	0.05		—		—
Integration and step up costs (2)	0.03		—		0.02
Dilution impact of convertible notes (3)	0.01		0.02		0.02
Accelerated tax impacts related to China facility closure (4)	—		—		0.04
Adjusted earnings per diluted share (non-GAAP) – Continuing Operations	$	0.77	$	0.74	$	0.68

	Three Months Ended
	September 30, 2019		September 30, 2018		June 30, 2019
Earnings per diluted share as reported (U.S. GAAP) – Discontinued Operations	$	—	$	0.02	$	—
Adjusted earnings per diluted share as reported (U.S. GAAP) –Discontinued Operations	$	—	$	0.02	$	—

	Three Months Ended
	September 30, 2019		September 30, 2018		June 30, 2019
Earnings per diluted share as reported (U.S. GAAP) – Consolidated	$	0.51	$	0.67	$	0.41
Restructuring, transaction-related and other costs (1)	0.17		0.07		0.19
Commercial and legal settlements	0.05		—		—
Integration and step up costs (2)	0.03		—		0.02
Dilution impact of convertible notes (3)	0.01		0.02		0.02
Accelerated tax impacts related to China facility closure (4)	—		—		0.04
Adjusted earnings per diluted share (non-GAAP) – Consolidated	$	0.77	$	0.76	$	0.68

_______________

⁽¹⁾  During the third quarter of 2019, we recorded $1.5 in restructuring costs that primarily related to facility consolidation in our E&C FinFans segment, as well as departmental restructuring, including headcount reductions.  During the third quarter of 2019, we also incurred $4.3 in transaction-related costs and $1.6 in other one-time costs that primarily related to the departure and election of certain officers of the Company. During the first half of 2019, we recorded $11.8 of restructuring costs primarily related to the consolidation of certain of our facilities and streamlining commercial activities within our Lifecycle business in our previous E&C segment and geographic realignment of manufacturing capacity in D&S East.

⁽²⁾  Includes $1.7 in expense recognized in cost of sales related to inventory step-up for the first half of 2019. We also incurred $0.8 related to AXC integration activities during the third quarter of 2019, and $0.6 and $1.8 related to VRV integration activities in the three and nine months ended September 30, 2019, respectively.

⁽³⁾  Includes an additional 0.59 and 1.33 shares related to the convertible notes due 2024 and associated warrants in our diluted earnings per share calculation for the three and nine months ended September 30, 2019, respectively. The associated hedge, which helps offset this dilution, cannot be taken into account under U.S. GAAP. If the hedge could have been considered, it would have reduced the additional shares by 0.59 and 1.04 for the three and nine months ended September 30, 2019, respectively.

⁽⁴⁾  Includes $1.7 related to the accelerated tax impacts of closing a China facility.

Adjusted earnings per diluted share is not a measure of financial performance under U.S. GAAP and should not be considered as an alternative to earnings per share in accordance with U.S. GAAP. Management believes that adjusted earnings per share facilitates useful period-to-period

15

comparisons of our financial results and this information is used by us in evaluating internal performance. Our calculation of this non-GAAP measure may not be comparable to the calculations of similarly titled measures reported by other companies.

16

EX-99.2

Exhibit 99.2 Chart Industries Third Quarter 2019 October 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, 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,“ “target,” 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, 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 adjusted EPS. 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

Themes 2 © 2019 Chart Industries, Inc. Confidential and Proprietary

Q3 2019 Sales, Orders & Backlog All results reflect continuing operations Sales Q319 +31.6% $358 Q318 $272 $272 Legacy VRV AXC $60 $26 Q3 FY18 Q3 FY19 Orders Q319 +8.3% Q318 $286 $264 $240 Legacy VRV AXC $23 $23 Q3 FY18 Q3 FY19 Backlog Q319 $756 +50.9% Q318 $626 $502 Legacy VRV AXC $82 $48 Q3 FY18 Q3 FY19 3 © 2019 Chart Industries, Inc. Confidential and Proprietary

Global LNG Infrastructure Build Liquefaction Marine Transportation Fueling Power Liquefaction can Transportation, LNG by truck uses Fueling stations for LNG is used for use Chart’s consumption, and Chart’s HLNG LNG, CNG and bio- power generation IPSMR® bunkering of LNG cryogenic cylinder gas vehicles using using Chart’s technology, BAHX by marine vessels tanks; Our trailers Chart’s cryogenic cryogenic storage and ACHX in using Chart’s serve storage tanks, tanks, Vacuum ssLNG plants, gas cryogenic storage transportation Vacuum insulated insulated pipe, pre-treatment, tanks, LNG on- needs pipe, vaporizers, vaporizers, nitrogen rejection board ship fueling manifolds, control manifolds and and natural gas systems, Cold Box systems and LNG control systems liquids recovery with vaporizers and dispensers internal piping 4 © 2019 Chart Industries, Inc. Confidential and Proprietary

Worldwide Adoption of Clean! Planning to reduce CO2 emissions by Ban on gasoline and diesel No non-zero emission 90% below 2010 levels by 2050 for ICE by 2040 cars for sale after 2030 new passenger vehicles, assumes almost 100% EV Ban on fossil fuel car sales by Ban on imported fossil fuel Plans to be carbon neutral by 2050 2021 vehicles by 2030 Ban on gasoline and Ban on fossil fuel car sales by diesel ICE in cars and 70% below current emissions by 2030 2030 vans by 2040 Ban on gasoline and diesel Reduce green house gas emissions ICE by 2040, Paris to ban Ban on new gasoline and by 8% of 2010 levels by 2030 diesel by 2025, gasoline by diesel cars by 2030 2030 New registrations must Plans to abolish sales of fossil have 50g/km CO2 from fuel cars by 2050 2025, 30g/km from 2030 30% cars to be electric by Ban on fossil fuel car 2030 sales starting 2040 Ban on new motorcycles Ban on fossil fuel car sales powered by fossil fuels by starting 2030 2035, cars by 2040 5 © 2019 Chart Industries, Inc. Confidential and Proprietary

ssLNG Order Opportunities Number Project Chart Customer Operator Chart Content Expected Timing of Chart orders 1 Utility-scale project for U.S. East ODIN Confidential C50N Booked Coast 2 Utility-scale project for Northeast ODIN Confidential C50N, 5x100k gallon Booked storage 3 NorthEast Energy Center ODIN Liberty Energy C250N and pretreatment 1H 2020 4 Philadelphia Gas Works ODIN PGW C120N Q1 2020 Passyunk 5 Nipigon Liquefaction Nipigon Nipigon C85N, pretreatment, Q4 2019 storage 6 Eagle LNG Jacksonville Matrix Services Eagle IPSMR®, C550MR Q1 2020 7 Eagle Maxville Eagle Eagle C120N Q1 2020 8 Eagle LNG Canada Eagle Eagle C100N Q1 2020 9 Caribbean Power Project Confidential Confidential Tanks Q4 2019 10 Brazil C450IMR plant GasBridge GasBridge C450IMR and Q1 2020 pretreatment 11 India LCNG Stations AG&P AG&P 6 LCNG stations Q1 2020 12 Mexico ssLNG terminal Confidential Confidential C100N Q2 2020 *Opportunities represent possible ssLNG 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. 6 © 2019 Chart Industries, Inc. Confidential and Proprietary

Big LNG Project Timing (1) Based upon either customer announced expected timing or typical order trend post FERC approval. Anticipated revenue timing is based on current status of ongoing project or discussions with customers for anticipated new orders. 7 © 2019 Chart Industries, Inc. Confidential and Proprietary

Big LNG Order Opportunities Number Project Chart Customer Operator Size Chart Content 1 –BOOKED Gimi(Tortue) Black & Veatch Golar 3.75 MTPA 4x Cold boxes, BAHX 2 –BOOKED Calcasieu Pass BHGE Venture Global 10 MTPA 18 cold boxes, BAHX 3 Driftwood Bechtel Tellurian 27 MTPA (Phase 1 16 IPSMR®, cold boxes, BAHX, ACHX MTPA) 4 Corpus Christi Stage KBR Cheniere 9.5 MTPA IPSMR®, cold boxes, BAHX, ACHX Three 5 Plaquemines BHGE Venture Global 20 MTPA 36 cold boxes, BAHX 6 – Magnolia LNG Ltd LNG Ltd 8.8 MTPA Cold boxes, BAHX, core-in kettles 50% in BACKLOG 7 Pointe LNG EPC TBD Pointe LNG 6 MTPA IPSMR®, cold boxes, BAHX, ACHX 8 Corpus Christi Stage TBD Cheniere 2 trains at 4.5 MTPA Opportunity for: BAHX, ACHX, cold Four each boxes 9 Pluto LNG Bechtel Woodside 5 MTPA Opportunity for: Cold boxes and Core-in-kettles 10 Ghandria Black & Veatch Golar 3.75 MTPA 4x Cold boxes, BAHX 11 Freeport LNG Train 4 KBR Freeport LNG 15 MTPA BAHX on the Feed Gas 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. 8 © 2019 Chart Industries, Inc. Confidential and Proprietary

Global LNG Demand Grows 5% Global LNG demand is predicted to grow ~5% annually through 2030. New LNG supply Global LNG Supply and Demand (MTPA) brought online 2018-19 Year Project Capacity 600 (MTPA) 2018 Pluto LNG T1 Debottleneck 2 0.2 2018 Wheatstone LNG T1 4.5 500 2018 Yamal LNG T1 5.5 2018 Cove Point LNG 5.3 2018 Kribi FLNG 2.4 2018 Wheatstone LNG T2 4.5 400 2018 Yamal LNG T2 5.5 2018 Ichthys LNG T1 4.5 32.2 300 2019 Yamal LNG T3 5.5 2019 Corpus Christi LNG T1 4.5 2019 Ichthys LNG T2 4.5 200 2019 Sabine Pass LNG T5 4.5 2019 Vysotsk LNG T1 0.7 2019 Tango FLNG 0.5 2019 Prelude FLNG 3.6 100 2019 Cameron LNG T1 4.0 2019 Freeport LNG T1 5.1 2019 Corpus Christi LNG T2 4.5 2019 Elba Island LNG T1-6 1.5 0 38.8 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 LNG Supply (Pre-2018) LNG Supply (2018 Projects) LNG Supply (2019 Projects) LNG Demand Note: Assumes new LNG supply is brought online equally throughout the startup year (only 50% full capacity in startup year). Source: Morgan Stanley Equity Research and IHS. 9 © 2019 Chart Industries, Inc. Confidential and Proprietary

Specialty Markets Potential Market End-use of Products Market Size(1) Drivers of Size Opportunity Food and  Food preservation equipment $500M • Nitro-beverage changeover Beverage  Nitrogen dosing equipment  Liquid CO storage and supply / delivery systems 2 • Legalization of cannabis Cannabis  Used in grow houses, CBD oil extraction and $250M • Regulatory approval for CBD. packaging  High purity liquid nitrogen (gas assist) • Uptime requirements in manufacturing Industrial Lasers provides a faster cut and superior edge, free $200M of impurities • Reducing steps in production  Cryogenic liquid propellants are used as fuel for Space $200M • Proliferation of private space travel industry rocket propulsion  H2 vehicle fueling stations, transport • Buildout of hydrogen fueling infrastructure Hydrogen equipment and liquefaction storage at H2 $500M production sites • Development of “green hydrogen” industry  Improving water quality and wastewater reuse • Regulation on water treatment Water Treatment utilize liquid oxygen and CO2 in purification $400M process • Population growth  Medium-cold temperature applications typically -80° Freezers $400M • Efficiency and energy consumption served by mechanical freezers Over the Road  LNG as alternative fuel to diesel for heavy duty $750M • Regulations Trucking vehicles (lower emissions, engine noise, etc.) Source: Potential Market Size are Chart Management estimates. (1) Reflects Total Addressable Market (TAM) for current and potential application of Chart technology and products. 10 © 2019 Chart Industries, Inc. Confidential and Proprietary

Q3 2019 Margin Expansion Actions * Excluding acquisition synergies ($M) Facility Reduction Headcount Global Product Line Q1 Q2 Q3 YTD / Consolidation Reduction / Sourcing Rationalization Actions Actions Actions Total Other (Annualized) (Annualized) (Annualized) (Annualized) E&C Cryo Consolidated back Reduced office in La Crosse duplicate $3.3 $1.7 - $5.0 into manufacturing positions with plant streamlined facilities E&C Consolidation of 1.2 0.1 - 1.3 FinFans ACHX facilities D&S East Reduced Closed headcount production of 0.5 2.1 0.5 3.1 associated vehicle tank line with product in China line closures D&S West Facility and Reduced manufacturing overlapping 0.5 0.1 1.4 2.0 consolidation for role Thermax vaporizors Corporate Incremental Additional backoffice and savings 1.0 0.2 0.7 1.9 CBS achieved above streamlining original $5.5 million guidance $6.5M $4.2M $2.6M $13.3M in prior guide (1) (1) Red text refers to third quarter 2019 actions taken. 11 © 2019 Chart Industries, Inc. Confidential and Proprietary

Integration AXC and VRV 1  Revenue synergies: 12 new customers  60% of original target cost synergies and over $8 million of sales ($20 million in first 12 months of ownership) were achieved in first three  Exited 2 leases months Synergies  Insourced painting and inner vessels  Increased cost synergy target in first Achieved to Date 12 months of ownership to $29  Streamlined manufacturing locations million  Utilized India for additional capacity  Facility consolidation over 70% complete  Sourcing savings of $2.7 million executed 2  Completion of HLNG vehicle tank line  Facility consolidations (Tulsa) complete Upcoming  Expansion of LNG fueling station capacity  Leverage Hyderabad, India engineering Synergies  Strategic manufacturing locations  Manufacture ACHX internationally 12 © 2019 Chart Industries, Inc. Confidential and Proprietary

Q3 Adjusted EPS $ millions, except per share amounts Continuing Operations Q3 2019 Q3 2018 Change v. PY YTD 2019 YTD 2018 Change v. PY Income $18.7 $21.5 ($2.8) $34.0 $35.6 ($1.6) from continuing operations Reported EPS $0.51 $0.65 ($0.14) $0.97 $1.11 ($0.14) Restructuring and transaction- 1 0.17 0.07 0.10 0.63 0.16 0.47 related costs 2 Integration and Step Up Costs 0.03 - 0.03 0.14 - 0.14 3 Other One-Time Items (1) 0.05 - 0.05 0.08 0.12 (0.04) Dilution impact of convertible 4 0.01 0.02 (0.01) 0.05 0.02 0.03 notes Adjusted EPS (2) $0.77 $0.74 $0.03 $1.87 $1.41 $0.46 (1) Includes $0.05 related to Commercial / Legal settlements in Q3 2019. 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. (2) Adjusted EPS (a non-GAAP measure) is as reported on a historical basis. Tax affected adjustments are at normalized statutory periodic rates. 13 © 2019 Chart Industries, Inc. Confidential and Proprietary

2019 Guidance Ref # Description Revenue ($M) Adjusted EPS(1) 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 2019 incremental restructuring benefits 0.11 5 Calcasieu Pass and Gimi 28 – 30 0.17 – 0.21 6 2H 2019 AXC 120 0.15 7 Strategic financing (0.11) 8 Q2 2019 beat 0.07 9 2019 Prior Guidance $1,410 - $1,460 $2.85 - $3.20 10 Finalized delivery schedule Calcasieu Pass (8) (0.07) 11 Q3/Q4 revenue shortfall, timing, China, equity (70) (0.22) – (0.28) impacts 13 2019 Guidance $1,330 - $1,350 $2.70 - $2.90 (1) We have note provided a reconciliation of projected adjusted EPS because certain items have not yet occurred or are out of the Company’s control and/or cannot be reasonably predicted. 14 © 2019 Chart Industries, Inc. Confidential and Proprietary

2020 Market and Business Outlook $ in M 2020 2020 2020 2019 Specific ½ Year Market Organic Total Segment / Driver Revenue Known AXC Growth Growth Growth Midpoint Projects Revenue (%) (%) (%) D&S East $295 7% Industrial Gas 130 3% 3% LNG Infrastructure (includes ssLNG) 75 10% 10% China (LNG and IG) 90 10% 10% D&S West $460 8% Industrial Gas / Infrastructure (LNG/Power) 220 3% 9 (A) 7% CryoBiological 80 3% 3% Specialty Markets (including HLNG) 160 11% 11% E&C Cryo $210 53% Natural Gas Processing 50 (10%) (10%) Refining / Petrochemicals (includes ssLNG) 135 12% 12% Big LNG 25 N/A 100 (B) 400% E&C FinFan $375 5% Gathering Compression 50 (20%) (20%) 50 Processing Plant & Pipeline 40 (10%) (10%) 40 Downstream (Refining / Petrochemicals / LNG) 210 4% 24 (C) 15% 10 Fans (Power/HVAC/Industrial) 75 3% 3% (A) Caribbean power plant project $1,330-1,350 13-15% 21-24% (B) VG-Calcasieu Expected 2020 Growth (C) ACHX Bechtel 15 © 2019 Chart Industries, Inc. Confidential and Proprietary

2020 Outlook (Current and Prior) Current Prior # Description Revenue Adjusted EPS Revenue Adjusted EPS (1) (1) 1 New 2019 Guidance $1,330 -$1,350 $2.70 -$2.90 2 No Change 2020 Base Outlook from June 2018 $1,380 -$1,400 $3.60 -$3.70 3 New Organic Growth (7% -9%) 95 –130 0.70 –0.85 4 Update Calcasieu Pass, Gimi, ACHX Bechtel, net of 135 0.95 –1.05 125 0.90 –1.00 dilution 6 Update ½ yrHarsco AXC net of interest expense + addtl 100 –110 0.20 –0.25 270 -275 0.55 -0.60 synergies 7 Update Cost out / restructuring impacts 0.35 0.15 –0.20 8 No Change +VRV, -CAIRE, +/-other (45) (0.15) (45) –(25) (0.15) –(0.13) 9 Updated 2020 Outlook (Base) $1,615 –$1,680 $4.75 –$5.25 $1,730 -$1,775 $5.05 -$5.35 10 Update Driftwood 2020 Phase 1 portion 65 0.45 -0.55 200 –225 1.95 –2.15 11 Update Cheniere Corpus Christi Stage 3 10 0.05 –0.10 60 –85 0.60 –0.75 12 Update One other project out of known pipeline (assumes 0 0 40 –60 0.40 –0.50 2019 order) 13 New Plaquemines 35 0.20 –0.25 15 Updated 2020 Upside Case with additional big LNG 1,720 –1,790 $5.45 –$6.15 $2,030 -$2,145 $8.00 -$8.75 (1) We have not provided a reconciliation of projected adjusted EPS because certain items have not yet occurred or are out of the Company’s control and/or cannot be reasonably predicted. 16 © 2019 Chart Industries, Inc. Confidential and Proprietary

Delivering Profitable Growth Chart delivered solid revenue growth in a challenging market. By improving our profitability (margins) we have increased earnings per share at an even greater rate. Total Sales Adjusted EPS ($ in Millions) ($ per share) 1,900 $6.00 2020 FY 1,700 2020 FY Guidance $5.00 Guidance $1,615-1,680 $4.75-5.25 1,500 2019 FY $4.00 Guidance 1,300 $1,330-1,350 $3.00 2019 FY Guidance 1,100 $2.70-2.90 $2.00 900 700 $1.00 500 $0.00 2017 2018 2019 2020 2017 2018 2019 2020 Y-o-Y Organic Y-o-Y Adj. EPS 5% 13% 7% 7-9% 146% 35% 75-90% Growth (1) Growth 1. Excludes acquisitions. Note: CAGR calculation utilizes 2019 and 2020 revenue and EPS at the midpoint of guidance range. 17 © 2019 Chart Industries, Inc. Confidential and Proprietary

Our New Motto 18 © 2019 Chart Industries, Inc. Confidential and Proprietary

Appendix © 2019 Chart Industries, Inc. Confidential and Proprietary © 2019 Chart Industries, Inc. Confidential and Proprietary

FY17, FY18 Adjusted EPS $ millions, except per share amounts Continuing Operations FY 2017 FY 2018 Income $26.2 $53.6 from continuing operations Reported EPS $0.84 $1.67 1 Restructuring and transaction-related costs (2) 0.48 0.25 2 Aluminum cryobiological tank recall reserve expense - 0.09 3 VRV Inventory Step Up Costs - 0.04 4 Tax Reform / transition tax related adjustments -0.71 -0.05 5 Other One-Time items (3) 0.21 - 6 Dilution impact of convertible notes - 0.02 Adjusted EPS (1) $0.82 $2.02 (1) Adjusted EPS (a non-GAAP measure) is as reported on a historical basis. Tax affected adjustments are at normalized statutory periodic rates (2) 2018 costs include Restructuring $0.09,Transaction Related $0.13, and former CEO $0.03 (3) Other One-Time Items EPS adjustments were related to 2017 Debt Extinguishment $0.10 and a China Litigation Award $0.11 20 © 2019 Chart Industries, Inc. Confidential and Proprietary

XML

Cover Cover	Oct. 17, 2019
Cover page.
Document Type	8-K
Document Period End Date	Oct. 17, 2019
Entity Registrant Name	CHART INDUSTRIES, INC.
Entity Incorporation, State or Country Code	DE
Entity File Number	001-11442
Entity Tax Identification Number	34-1712937
Entity Address, Street Name	3055 Torrington Drive
Entity Address, City	Ball Ground
Entity Address, State	GA
Entity Address, Postal Zip Code	30107
City Area Code	770
Local Phone Number	721-8800
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of each class	Common Stock, par value $0.01
Trading Symbol(s)	GTLS
Name of each exchange on which registered	NASDAQ
Entity Emerging Growth Company	false
Entity Central Index Key	0000892553
Amendment Flag	false