Gaztransport & Technigaz Sa · EURONEXT:GTT
Gaztransport & Technigaz Sa — Q3 2020 Earnings Presentation
14 slides from Gaztransport & Technigaz Sa's earnings presentation, Oct 28, 2020
Slide 1: Investor Presentation Q3 2020 Activity Update
Investor Presentation Q3 2020 Activity Update © GTT 28 October 2020
Slide 2: Disclaimer
Disclaimer This document is strictly confidential. Any unauthorised access to, appropriation of, copying, modification, use or disclosure thereof, in whole or in part, by any means, for any purpose, infringes GTT’s rights. This document is part of GTT’s proprietary know-how and may contain trade sec
Slide 3: 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 4: Q3 2020 Key Highlights
Q3 2020 Key Highlights Core business: sustained and diversified new orders - Q3: 10 new orders (6 LNGC, 4 VLEC) - 9M: 28 new orders (18 LNGC,1 FSRU, 2 FSU, 4 VLEC, 3 Onshore storage) - Since the beginning of the year: total of 38 new orders - LNG as Fuel - September 2020: delivery of the first CMA C
Slide 5: 9M 2020: strong level of orderbook
9M 2020: strong level of orderbook CORE BUSINESS Order book: 135 units 9M 2020 movements in the order book 108 LNGC 1 FLNG New orders: 28 (18 LNGC, 4 VLEC, 1 FSRU, 2 FSU, 10 VLEC 3 onshore storage) 6 Onshore storage 5 FSRU Deliveries: 26 (23 LNGC, 2 FSRU, 1 FLNG) 3 GBS 2 FSU NEW BUSINESS (LNG FUEL)
Slide 6: LNG Supply & Demand: new capacity required from 2027
LNG Supply & Demand: new capacity required from 2027 LNG Supply & Demand balance forecast 700 600 240 Mtpa 500 400 mtpa 300 200 100 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2
Slide 7: LNG market rebalancing
LNG market rebalancing Spot charter rates LNG spot prices LNG Asia LNG Europe US gas (HH) July 19 July 20 Apr 20 Jan 20 Oct 19 Oct 20 After very tough Q2 and Q3 due to Coronavirus, spot LNG and spot charter rates are improving Pushed up by coming winter and economic activity restarting US LNG loadin
Slide 8: Focus on China: LNG imports still increasing in 2020 vs. 2019
Focus on China: LNG imports still increasing in 2020 vs. 2019 despite Covid breakthrough China LNG imports 8,0 50 7,0 40 6,0 5,0 30 mtpa mtpa 4,0 43,0 20 38,5 3,0 2,0 10 1,0 - 0 Jan Feb Mar Apr May Jun Jul Aug Jan-Aug 2019 Jan-Aug 2020 2020 vs. 2019 2019 2020 Main source: Wood Mackenzie Most of Chin
Slide 9: Acquisition of Areva H2Gen
Acquisition of Areva H2Gen French company leader in Proton Exchange Membrane (PEM) electrolysis Specialised in the design and assembly of electrolysers for the production of green hydrogen • Created in 2014 • Design and assembly • Main applications: of electrolysers industry, mobility • Leader in PE
Slide 10: Korea Fair Trade Commission update
Korea Fair Trade Commission update - A hearing of the case took place on October 21, 2020, following the issuance from the KFTC of a confidential Examiner Report - GTT and its counsels have participated in this hearing and have responded in writing to the preliminary conclusions of the Examiner Repo
Slide 11: First nine months 2020 consolidated revenues
First nine months 2020 consolidated revenues Summary financials Key highlights Change in €M 9M 2019 9M 2020 (%) Total revenues: €306 million (+53%) Revenues 199.7 305.6 +53% Newbuilds (royalties): + 56% Newbuilds 188.9 295.4 +56% • Record level of royalties generated by high number of % of revenues
Slide 12: 2020 Outlook confirmed
2020 Outlook confirmed GTT revenue(1) 2020 consolidated revenue estimated in a range of €375M to €405M EBITDA 2020 consolidated EBITDA estimated in a range of €235M to €255M Dividend 2020 and 2021 payout of at least 80% Payment(2) (1) In the absence of any significant delays or cancellations in orde
Slide 13: Appendix
Appendix 13 Q3 2020 Activity update
Slide 14: GTT SA organisation
A streamlined group and organisation GTT Group Philippe Berterottière* Chairman and Chief Executive Officer GTT SA organisation Eric Dehouck* Deputy CEO Lélia Ghilini* General Counsel/ Director of Legal Affairs Eric Dehouck* Julien Bec David Colson* Karim Chapot* Sandrine Vibert* Marc Haestier* Anou
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