Gaztransport & Technigaz Sa · EURONEXT:GTT
Gaztransport & Technigaz Sa — Q1 2026 Earnings Presentation
24 slides from Gaztransport & Technigaz Sa's earnings presentation, Apr 22, 2026
Slide 1: Q1 2026 Activity Update
Q1 2026 Activity Update TECHNOLOGY FOR A SUSTAINABLE WORLD 22 April 2026
Slide 2: Disclaimer
Disclaimer This presentation does not contain or constitute an offer of securities for sale or an invitation or inducement to invest in securities in France, the United States or any other jurisdiction. It includes only summary information and does not purport to be comprehensive. No representation,
Slide 3: Agenda
Agenda 01 02 03 04 05 One GTT GTT Energy GTT Marine Financials Outlook & brand Conclusion 3
Slide 4: One GTT brand
1 One GTT brand
Slide 5: A new setup to foster the execution of our strategy
A new setup to foster the execution of our strategy Advanced ENERGY MARINE technologies hub Containment and energy Critical marine and digital solutions for Investments in breakthrough management systems vessel safety and performance technologies • LNG Carriers – Ethane Carriers – • Data collection
Slide 6: Energy
2 Energy
Slide 7: GTT Energy: Q1 2026 Highlights
GTT Energy: Q1 2026 Highlights LNGC orders by quarter 29 Strong order entry • 29 orders for LNGCs in the first quarter • Second best Q1 performance after 2022 18 • Order of 2 VLEC and 1 onshore storage tank 9 9 To date, no delays in LNGC deliveries • 22 LNGCs deliveries in the first quarter, in line
Slide 8: GTT Energy: update on LNG global production capacity
GTT Energy: update on LNG global production capacity LNG PRODUCTION CAPACITY BY GEOGRAPHY (Mtpa) 193 611 36 117 180 Mtpa new volumes to come online by 2030, mainly from USA 144 431 c.3% 13 13 74 13 Mtpa of production damaged in Qatar • Representing c. 3% of the global LNG 494 production 344 • 3 to 5
Slide 9: GTT Energy: overview of FIDs
GTT Energy: overview of FIDs VOLUME Contracted Start LNG PROJECT * COUNTRY OPERATOR (Mtpa) (SPA) date Argentina Ph1 – FLNG 1 Argentina Southern Energy 2.4 2027 CP2 Phase 1 USA East Venture Global 14.4 2027 Corpus Christi MidscaleTrains 8&9 USA East Cheniere 5.0 2028 Argentina Ph1 – FLNG 2 Argentina
Slide 10: GTT Energy: increased flexibility and route diversification to secure LNG supply
GTT Energy: increased flexibility and route diversification to secure LNG supply 485 156 130 19 3 Canada 236 126 82 271 Legend: Main producers of LNG Europe (Mtpa 2025 & 2040) 106 Main consumers of LNG Qatar 1.2 (Mtpa 2025 & 2040) 1.2 x Asia* Major LNG flows USA 40 47 Arrow thickness represent route
Slide 11: Marine
Gi 1 Marine
Slide 12: GTT Marine: key commercial highlights demonstrating our integrated offering
GTT Marine: key commercial highlights demonstrating our integrated offering of hardware and software solutions Safety Performance Solutions MARINE joint approach unlocks new wins • Voyage Data Recorders: newbuild & • Data collection: signing of a contract Large contract signed with Petrobras, retrof
Slide 13: Financials
4 Financials
Slide 14: Q1 2026 orderbook highlighting strong order momentum
Q1 2026 orderbook highlighting strong order momentum Order book Dec. 2025 Q1 2026 new orders Q1 2026 deliveries Order book March 2026 LNGC 261 +29 (22) 268 VLEC/ULEC 21 +2 - 23 FSRU 3 - 1 2 FLNG 3 - - 3 Onshore - +1 - 1 GTT order book movements +32 (23) (core business) 288 297 Order book Dec. 2025 Q
Slide 15: Q1 2026: Consolidated Revenue
Q1 2026: Consolidated Revenue in €m Q1 2026 Q1 2025 Change (%) Total revenue 192.5 190.5 +1.0% GTT Energy: -3.6% YoY GTT Energy 178.1 184.7 -3.6% Newbuilds revenue: -4% YoY Newbuilds 172.7 180.5 -4.3% • Mostly linked to LNGC and Ethane carriers % of revenue 90% 95% (-6%), impacted by the high compar
Slide 16: Outlook & Conclusion
5 Outlook & Conclusion
Slide 17: 2026 Outlook confirmed
2026 Outlook confirmed Revenues(1) • 2026 to be compared with a high base of 2025 (effect of 2022 orders peak) 2026 consolidated revenue estimated in a • 2026 activity impacted by the temporary slowdown of range of €740M to €780M order entries in the first half of 2025 EBITDA • Implied EBITDA margin
Slide 18: Key takeaways
Key takeaways Sustained LNGC order intake • Already 29 LNGC orders • Second best Q1 for LNGCs order intake after Q1 2022 Q1 2026 Group revenue in line with expectations • 193 M€ (+1% YoY) − Newbuild revenue impacted by the high comparison base due to the 2022 order peak and lower order intake in 202
Slide 19: Q&A
Q&A 19
Slide 20: Appendices
Appendices
Slide 21: LNG market fundamentals: Demand/supply balance
LNG market fundamentals: Demand/supply balance LNG DEMAND OUTLOOK LNG SUPPLY DEMAND BALANCE IEA current policies 2040 S/D Gap Wood Mackenzie Q4 25 / Q3 25 in dotted line 85-135 Mtpa BP Current Trajectory Shell IEA Stated Policies Q4 25 / Q4 24 in dotted line Sources: BP Q3 25, Shell Q1 25, Wood Mack
Slide 22: An attractive business model supporting high cash generation
An attractive business model supporting high cash generation INVOICING AND REVENUE RECOGNITION Business model supports % of contract (1) high cash generation c. 9 to12 months c. 18 months Delivery 10000 studies royalties • Revenue is recognized pro-rata temporis between construction milestones • Ini
Slide 23: Glossary
Glossary The following abbreviations have been used throughout this document BOR Boil Off Rate FSU Floating Storage Unit MEGI M-type, Electronically Controlled Gas Injection APAC Asia-Pacific GBS Gravity Based Structure Mtpa Million tons per annum CAGR Compound Annual Growth Rate GHG Greenhouse Gase
Slide 24: Q1 2026 Activity Update
Q1 2026 Activity Update TECHNOLOGY FOR A SUSTAINABLE WORLD 22 April 2026
Gaztransport & Technigaz (GTT) — Q1 2026 Earnings Presentation on 6ix