Gaztransport & Technigaz Sa · EURONEXT:GTT
Gaztransport & Technigaz Sa — Q1 2022 Earnings Presentation
12 slides from Gaztransport & Technigaz Sa's earnings presentation, Apr 21, 2022
Slide 1: Technology for a sustainable world – Q1 2022 Activity Update
Technology for a sustainable world INVESTOR Q1 2022 Activity Update PRESENTATION 21 APRIL 2022
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: Q1 2022 Key Highlights
Q1 2022 Key Highlights Orders and revenues • Core business: 34 new LNGCs ordered in Q1 2022 • LNG as fuel: 20 new orders in Q1 2022 • Q1 2022 revenues: €68.2 million, -22% due to a base effect, with Q1 2021 in the wake of 2020 high revenue level Innovation • Shell partnership for the design of a LH2
Slide 4: Q1 2022 orderbook: a new record of orders
Q1 2022 orderbook: a new record of orders Order book FY 2021 Q1 2022 new orders Q1 2022 deliveries Order book Q1 2022 LNGC 137 +34 (6) 165 VLEC 6 - - 6 FSRU 0 - - 0 FSU 2 - - 2 FLNG 1 - - 1 Onshore Storage 12 - - 12 GBS 3 - - 3 34 (6) GTT order book movements (core business) 189** * 161 Order book F
Slide 5: LNG supply: US pre FID projects already under construction
LNG supply: 3 US pre FID* projects already under construction VOLUME % PROJECT COUNTRY OPERATOR Q1 2022 update (Mtpa) Contracted -> FID on full project (20mtpa) expected Plaquemines LNG US Venture Global 20 70% Pre construction work + equipment ordered Corpus Christi Stage III US Cheniere 10 80% Con
Slide 6: LNG fuel: an increasingly competitive solution
LNG fuel: an increasingly competitive solution LNG AS FUEL PAYBACK FOR A 15K TEU CONTAINERSHIP IN ASIA PAYBACK >10Y 4-10Y 2-4Y <2Y 11 10 + Current payback of 1,5y for a LNG contracted price in Asia 2022 9 + 2018 large containership • Apart from 2020 (COVID), payback 8 + 2019 ≤4 years for LNG fuel +
Slide 7: Innovation: new technology frontiers reached to prepare the future of energy/maritime transport
Innovation: new technology frontiers reached to prepare the future of energy/maritime transport LNG AS FUEL LNG AS FUEL LNG AS FUEL HYDROGEN Dual-Fuel Vessel New tank solution Cooperation PCTC* design jumboisation agreement with Shell Incl. AiP for LNG- AiP for combining LNG AiP to improve pressure
Slide 8: Elogen – New milestones
Elogen – New milestones Future gigafactory to be Selected by Storengy as Elogen and Sarralle signed built in Vendôme, in the part of the construction green hydrogen generation Centre-Val de Loire of a methanation unit for collaboration agreement region the Communauté for the steel industry d’agglomé
Slide 9: Q1 2022 consolidated revenues
Q1 2022 consolidated revenues SUMMARY FINANCIALS KEY HIGHLIGHTS in €M Q1 2021 Q1 2022 Change Revenues An expected decrease in Q1’22 Total Revenues 87.6 68.2 -22.1% €68M due to base effect (-22% vs Q1’21) New Builds 82.8 61.7 -25.5% % of revenues 95% 91% • Revenues from new builds (royalties): LNG/Et
Slide 10: GTT Russian exposure
GTT Russian exposure Projects being built in Russia Projects dedicated specifically LNGC projects for Russia, built to Arctic conditions, built in Asia in Asia, able to operate in all types of conditions Contracts Contracts • 3 GBSs (Saren for project Arctic LNG 2) • 6 ice-breaking LNGCs, in Asian s
Slide 11: 2022 Outlook
2022 Outlook On February 17, 2022, the Group published the following outlook for 2022: 2022 consolidated revenue estimated in a range Revenue of €290M to €320M The Group may need to revise its 2022 targets if risks regarding the Russian projects were to materialize. 2022 consolidated EBITDA estimate
Slide 12: © Ponant – Nicolas Dubreuil
© Ponant – Nicolas Dubreuil
Gaztransport & Technigaz (GTT) — Q1 2022 Earnings Presentation on 6ix