Technip Energies Nv · EURONEXT:TE
Technip Energies Nv — Q1 2025 Earnings Presentation
34 slides from Technip Energies Nv's earnings presentation, Apr 30, 2025
Slide 1: Q1 2025 Results – Executing
Q1 2025 Results Executing T.EN - a strong company in any scenario 30th April 2025
Slide 2: Welcome: Agenda and today's speakers
Welcome Agenda Today’s speakers Business highlights Arnaud Pieton Chief Executive Officer Financial highlights Bruno Vibert Chief Financial Officer Conclusion Arnaud Pieton Bruno Vibert Chief Executive Officer Chief Financial Officer Arnaud Pieton Chief Executive Officer Technip Energies – Q1 2025 R
Slide 3: Disclaimer
Disclaimer This presentation contains forward-looking when made, there can be no assurance that future which includes a discussion of factors that could statements that reflect Technip Energies’ (the developments affecting the Company will be those affect the Company’s future performance and the “Co
Slide 4: Business Highlights
SECTION 1 Business Highlights ARNAUD PIETON CHIEF EXECUTIVE OFFICER Technip Energies – Q1 2025 Results 4
Slide 5: Q1 2025 – Key highlights of a strong quarter
Q1 2025 – Key highlights of a strong quarter REVENUE RECURRING EBITDA Significant Y/Y growth in revenue, recurring € 1.9bn € 162m EBITDA and Net Profit Q1 2024: € 1.5bn Q1 2024: € 137m Extensive backlog providing multi-year visibility BACKLOG NET PROFIT1 € 18.2bn € 101m Continued commercial momentum
Slide 6: Project progress and execution enhancement program
Focusing on execution and internal enhancement program Project execution Digital acceleration program Project example Late-phase OBJECTIVES FOR 2028+ Tail-end execution MIDOR 1. Deliver €100m of annualized cost saving; and BAPCO of projects ECA 2. Drive incremental TPS revenues Mid-phase Project pro
Slide 7: T.EN – a strong company in any scenario
T.EN – a strong company in any scenario KEY MACRO TRENDS T.EN’S VITALS ARE STRONG Global trade tensions A world-class backlog (€18.2bn) Uncertainty surrounding policies Consistent free cash flow generation (70% - 85% conversion from EBITDA) Energy access and independence Balance sheet strength (> €1
Slide 8: A substantial & diversified commercial pipeline
A substantial & diversified commercial pipeline COMMERCIAL PIPELINE BY GEOGRAPHY ZOOM ON AND MARKET - ROLLING TWO YEAR1 DECARBONIZATION All numbers are rounded EUROPE APAC / INDIA 22% €9bn 14% €5bn 21% 30% > €70bn 31% 19% 41% €3bn €5bn 6% 16% Energy derivatives Decarbonization Carbon capture SAF3 NO
Slide 9: T.EN awarded world's largest low-carbon ammonia project
T.EN awarded world’s largest low-carbon ammonia project Blue Point Number One Project, US Major2 EPF contract to deliver the world’s largest low-carbon ammonia plant Leveraging modularization know-how, technology integration and project delivery excellence Low-carbon ammonia produced to be used for
Slide 10: Significant recent developments
significant recent developments FEEDSTOCK TECHNOLOGY SITE SELECTION OFFTAKE Pre-selection completed; Significant commercial Required feedstock scheduled for to be announced in Q2 2025 interest TRL 72 secured for core technology validation by mid-year 2025 Regeneration Hub One1 Digital To certify pro
Slide 11: Financial Highlights
SECTION 2 Financial Highlights BRUNO VIBERT CHIEF FINANCIAL OFFICER Technip Energies – Q1 2025 Results 11
Slide 12: Q1 2025 Financial highlights
Q1 2025 Financial highlights REVENUE RECURRING EBITDA RECURRING EBITDA % € 1.9bn € 162m 8.7% Q1 2024: € 1.5bn Q1 2024: € 137m Q1 2024: 9.0% EPS (DILUTED) FREE CASH FLOW, ex W.cap1 REVOLVING CREDIT FACILITY € 0.56 € 179m € 750m Successfully refinanced Q1 2024: € 0.50 Q1 2024: € 119m in March 2025 Fin
Slide 13: Segment performance: Project Delivery
Segment performance: Project Delivery Substantial year-over-year growth RECURRING RECURRING REVENUE EBITDA EBIT BACKLOG Revenue: growth Y/Y driven by high In €m In €m In €m In €m activity on LNG projects in Qatar and the ramp-up of a new wave of projects, including GranMorgu. +34% +28% +29% -7% Recu
Slide 14: Segment performance: Technology, Products & Services
Segment performance: Technology, Products & Services Significant margin improvement RECURRING RECURRING REVENUE EBITDA EBIT BACKLOG Revenue: reduced proprietary equipment In €m In €m In €m In €m contribution offset by strong volumes of services / studies, incl. decarbonization. -5% +8% +8% -3% Recur
Slide 15: Other key metrics and balance sheet
Other key metrics and balance sheet Higher Y/Y, due to impact of supplemental Corporate costs € 17.4 million French social charges on LTI1 plans. Income Net financial income € 26 million Significantly higher Y/Y (+29%). Statement Effective tax rate 28.8 % In line with guidance. Net contract liabilit
Slide 16: Consistent strength in free cash flow generation
Consistent strength in free cash flow generation CASH FLOW BRIDGE In €m • Operating cash flow: €104m; Free cash flow1: €85m, after €94m outflow from working capital 179 and provisions. 4,058 (94) 4,029 ✓ Free cash flow, excluding working (42) (72) capital impact: €179m. ✓ Free cash conversion from A
Slide 17: 2025 Group outlook confirmed with updated segment guidance
2025 Group outlook confirmed with updated segment guidance PROJECT DELIVERY TECHNOLOGY, PRODUCTS & SERVICES REVENUE EBITDA MARGIN1 REVENUE EBITDA MARGIN1 UPDATED GUIDANCE €5.2 - 5.6bn ~8% €1.8 - 2.2bn ~13.5% PRIOR REVENUE EBITDA MARGIN1 REVENUE EBITDA MARGIN1 GUIDANCE (Nov-2024) €5.0 - 5.4bn ~8% €2.
Slide 18: Conclusion
Conclusion ARNAUD PIETON CHIEF EXECUTIVE OFFICER Technip Energies – Q1 2025 Results 18
Slide 19: Executing: Q1 2025 Key takeaways
Executing Q1 2025 Key takeaways Solid first quarter Commercial momentum Strong in any scenario • Y/Y growth of 22% in revenue • >€70bn opportunity set • Extensive backlog provides and 19% in EBITDA multi-year revenue coverage • Prospects maturing across • Strong FCF generation geographies and market
Slide 20: Q1 2025 Results Q&A
Q1 2025 Results Q&A 30th April 2025
Slide 21: Appendix
Appendix 27th February 2025
Slide 22: Backlog schedule
Backlog schedule FULL COMPANY: €18.2 bn €4.7 bn €6.0 bn €7.5 bn 2025 (9M) 2026 2027+ → PROJECT DELIVERY: €16.2 bn €3.6 bn €5.5 bn €7.1 bn 2025 (9M) 2026 2027+ + TECHNOLOGY, PRODUCTS & SERVICES: €2.0bn €1.0 bn €0.5 bn €0.4 bn 2025 (9M) 2026 2027+ Adjusted backlog at March 31, 2025, has been negativel
Slide 23: Key Q1 2025 operational highlights
Key Q1 2025 operational highlights Project Delivery TPS © Shell Chemicals Park Moerdijk Marsa LNG Assiut Complex Shell Skyline Rakkestad C10 project Gas & LNG Downstream Ethylene Carbon Capture NFE: plant energization in Assiut Hydrocracking Complex: Shell Skyline Ethylene Rakkestad C10 carbon captu
Slide 24: Other Q1 highlights: Strategic expansion & key partnerships
Other Q1 highlights: Strategic expansion & key partnerships New office and R&D center in India Promising award & ecosystem development New office near Ahmedabad in Gujarat International Finance Tec-City (GIFT City) - ~300 people FEED contract for the proposed new build CCGT2 power station with CCS,
Slide 25: Adjusted statements of income – Q1 2025
Adjusted statements of income – Q1 2025 Financial information is presented under adjusted IFRS (see Appendix 8.0 of Q1 2025 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – Q1 2025 Results 25
Slide 26: Adjusted statements of income: IFRS reconciliation Q1 2025
Adjusted statements of income Reconciliation between IFRS and Adjusted – Q1 2025 Financial information is presented under adjusted IFRS (see Appendix 8.0 of Q1 2025 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – Q1 2025 Results
Slide 27: Adjusted statements of income: IFRS reconciliation Q1 2024
Adjusted statements of income Reconciliation between IFRS and Adjusted – Q1 2024 Financial information is presented under adjusted IFRS (see Appendix 8.0 of Q1 2025 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – Q1 2025 Results
Slide 28: Adjusted statements of financial position
Adjusted statements of financial position Financial information is presented under adjusted IFRS (see Appendix 8.0 of Q1 2025 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – Q1 2025 Results 28
Slide 29: Adjusted statements of cashflows
Adjusted statements of cashflows Financial information is presented under adjusted IFRS (see Appendix 8.0 of Q1 2025 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – Q1 2025 Results 29
Slide 30: Differentiated capital structure
Differentiated capital structure Net liquidity, March 31, 2025 (€m) Gross cash / debt, March 31, 2025 (€m) 750 4,779 4,029 Commercial paper & others 4,029 129 the Notes1 3,297 603 Cash RCF Liquidity Cash Gross debt Net • Robust liquidity position comprised of €4.0 billion of gross cash plus €750 mil
Slide 31: Stock information and ADR
Stock information and ADR Stock ADR Program Listed on Euronext Paris / SBF 120 index Ticker code: TE / ISIN code: NL0014559478 Exchange: Over-the-Counter Free float: 130.1 million / Outstanding shares: 178.4 million Ratio: 1 ADR : 1 ORD Market Cap on March 31, 2025: €5.4 billion Volume Share price €
Slide 32: A balanced shareholder structure
A balanced shareholder structure Equity Split Institutional Investors As a % of Shares Outstanding Regional split Retail Rest of World Other incl. hedge funds Institutional 5% Europe 4% France (long only) 9% 11% 30% T.EN treasury 2% 57% 26% UK & Strategic 28% Ireland shareholders1 North 29% America
Slide 33: 2025 - Technip Energies upcoming investor events
2025 - Technip Energies upcoming investor events Engaging top shareholders and potential investors with an extensive schedule T.EN events Q1 Results – April 30 Investor May 21 June 25 June 26 CIC RBC conferences BERNSTEIN ESG forum Energy Transition Conference The Nice Conference May 13 May 19 May 2
Slide 34: Investor Relations
Investor Relations Phillip Lindsay Vice President, Investor Relations Tel: +44 20 7585 5051 phillip.lindsay@ten.com Investor Relations David Trevalinet Manager, Investor Relations Tel: +33 1 47 78 21 74 david.trevalinet@ten.com Technip Energies – Q1 2025 Results 34