Imagine you have a pump that sucks 3 gallons of gas from the ground by using 1 gallon of gas as fuel. The result is that you burn 1 gallon of gas and gain 3 gallons of gas, so you can call it 300% efficient.
However, it doesn’t mean that you created matter from nowhere. You just moved it from a useless (for you) spot to a useful (for you) spot. Obviously you can’t move more than the ground has.
In the case of the air conditioner, the 300% efficiency also does not mean that you generate energy from nowhere.
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