Slide 1: Q3 2025 Activity Update
Q3 2025 Activity Update TECHNOLOGY FOR A SUSTAINABLE WORLD 3 November 2025
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: 9M 2025 Key Figures
9M 2025 Key Figures 9M 2025 Orders: Core Business: LNG fundamentals: LNGCs: 19 new orders FIDs taken YTD: 84 Mtpa Ethane carriers: 7 new orders FLNG: 1 new order SPAs signed 9M: 50+ Mtpa LNG as fuel: 19 new orders 9M 2025 revenue: Upgraded FY2025 Outlook 599.6 M€ (including Danelec) +29% vs 9M 2024
Slide 4: 9M 2025 Key Highlights
9M 2025 Key Highlights Core business Innovation • LNG demand fundamentals remain strong, • New partnership with BLOOM ENERGY and underpinned by robust FID and SPA activity PONANT EXPLORATIONS GROUP on integrated • Total order book: 295 units as of end-September energy system for sustainable shipping
Slide 5: 9M 2025 orderbook supporting long-term visibility
9M 2025 orderbook supporting long-term visibility Order book Dec. 2024 9M 2025 new orders 9M 2025 deliveries Order book Sept. 2025 LNGC 306 +19 (58) 267 VLEC/ULEC 16 +7 (1) 22 FSRU/FSU 3 - - 3 FLNG 2 +1 - 3 Onshore 5 - (5) 0 GTT order book movements +27 (64) (core business) 332 295 Order book Dec. 2
Slide 6: Liquefaction market: Second consecutive record quarter; large share of US SPAs remain pre-FID
Liquefaction market: Second consecutive record quarter; large share of US SPAs remain pre-FID SPA volume, Mtpa 25 20 15 Projects now FIDed 10 5 Other pre-FID US pre-FID 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2019 2019 2019 2019 2020 2020 2020 2020 2021 202
Slide 7: All-time record FID activity, led by the US
All-time record FID activity, led by the US FID volume by country1, Mtpa 84 US FIDs drive a historic year, reinforcing LNG demand 56 resilience 2 61 38 37 84 Mtpa FIDs YTD 2025, mainly in the 33 37 29 30 5 US: 27 23 23 • Woodside Louisiana 9 20 21 31 23 Yearly average • CP2 Phase 1 9 29 32 15 • Port
Slide 8: Supportive trends for LNG but geopolitical context remains complex
Supportive trends for LNG but geopolitical context remains complex LNG tailwinds strengthening … … headwinds remain • Record 2025 FID momentum: 84 Mtpa • Tariffs and port fees uncertainties continue to sanctioned weigh on sentiment • Robust SPA pipeline supports further FIDs • US policy focus on dom
Slide 9: Adoption of LNG as fuel continues to grow
Adoption of LNG as fuel continues to grow Innovation: LNG confirming its position Cumulative orders for 7k+ TEU GTT CUBIQTM as the leading fuel of choice containerships by containment 350 70% 600 300 60% 500 250 50% 400 Market share 200 40% #orders #orders 300 150 30% 100 20% 200 50 10% 100 0 0% 202
Slide 10: GTT Digital: Scaling up in a €1.25bn market
GTT Digital: Scaling up in a €1.25bn market GTT DIGITAL DIVISION Market anticipations, 2030 AMBITION c.7% Growth: growing faster than the market, positioned Navigation and Energy to become an increasingly significant contributor to Combining expertise in Efficiency market Group revenue, with potenti
Slide 11: GTT Digital: 9M 2025 Key Achievements
GTT Digital: 9M 2025 Key Achievements New VDR model Fleet Centre expansion Release of next generation VDR Expanded global support Relying on more than 20 years of Opened a new fleet centre in Vancouver reliability: building resilient to strengthen global reach and provide systems that keep vessels 2
Slide 12: 9M 2025: Consolidated Revenue
9M 2025: Consolidated Revenue in €m 9M 2025 9M 2024 Change (%) KEY HIGHLIGHTS Total revenue 599.6 464.7 +29.0% Newbuilds revenue: +30% YoY Newbuilds 558.3 429.0 +30.2% • Driven by LNGCs and Ethane carriers (+32%), % of revenue 93% 92% reflecting more LNG carriers under construction • LNG as fuel: do
Slide 13: Upgraded 2025 Outlook including Danelec
Upgraded 2025 Outlook including Danelec On the back of strong core business performance and the integration of Danelec (five months of contribution in 2025), the Group upgrades its outlook, assuming no significant delays in ship construction schedules. Initial outlook Upgraded outlook* estimated in
Slide 14: Q&A
Q&A 14
Slide 15: Q3 2025 Activity Update
Q3 2025 Activity update TECHNOLOGY FOR A SUSTAINABLE WORLD 3 November 2025
Slide 16: Appendices
Appendices
Slide 17: FIDs in 2025: record year, more decisions ahead
FIDs in 2025: record year, more decisions ahead LNG PROJECT * COUNTRY OPERATOR VOLUME (Mtpa) Contracted (SPA) Status Argentina Ph1 – FLNG 1 Argentina Southern Energy 2.4 Announced start date: 2027 CP2 Phase 1 US East Venture Global 14.4 Announced start date: 2027 Corpus Christi MidscaleTrains 8&9 US
Slide 18: LNG market fundamentals: main LNG flows and shipping intensity
LNG market fundamentals: main LNG flows and shipping intensity 124 93 280 173 126 216 78 Europe 86 1.2 Qatar US 1.2 Asia* 1.4 2.2 0.9 81 58 63 47 3.0 Australia Other producers * Mainly China, Japan, South Korea & India Shipping intensity (Number of LNGCs Main producers of LNG (Mtpa 2024 & 2040) Main
Slide 19: Strong LNG growth: Central scenarios show upward revisions to estimates
Strong LNG growth: Central scenarios show upward revisions to estimates BP Current Trajectory Shell 2025 CENTRAL (2024 in dotted line) Wood Mackenzie SCENARIOS LNG demand outlook CAGR 2024-2030: c.6% (Q3 25) (Q4 24 in dotted line) strengthened in central scenarios Shell: +25 Mtpa in central scenario
Slide 20: LNG supply/demand balance: New liquefaction capacities needed in the coming years
LNG supply/demand balance: New liquefaction capacities needed in the coming years LNG SUPPLY/DEMAND BALANCE 800 700 2040 S/D Gap 600 100-150 Mtpa 500 Mtpa 400 300 200 100 0 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 2034 2036 2038 2040 Demand range Supply -
Slide 21: GTT's strategic roadmap: towards a low-carbon future
GTT’s strategic roadmap: towards a low-carbon future Venture capital • 9 minority interests Transformation Digital services • Gas management technologies • Energy optimisation • Carbon capture • Emissions monitoring • Electrolysers • Operational excellence Core services • Consulting • Intervention s
Slide 22: An attractive business model supporting high cash generation
An attractive business model supporting high cash generation INVOICING AND REVENUE RECOGNITION • Revenue is recognized pro-rata temporis between % of contract (1) construction milestones c. 9 to12 months c. 18 to 24 months Delivery 10000 studies royalties • Cash collection: − Initial payment collect
Slide 23: Glossary
Glossary The following abbreviations have been used throughout this document BOR Boil Off Rate FSRU Floating Storage Regasification Unit LTI Long Term Incentives APAC Asia-Pacific FSU Floating Storage Unit MEGI M-type, Electronically Controlled Gas Injection CAGR Compound Annual Growth Rate GBS Grav
Slide 24: Q3 2025 Activity Update
Q3 2025 Activity update TECHNOLOGY FOR A SUSTAINABLE WORLD 3 November 2025