Technip Energies Nv · EURONEXT:TE
Technip Energies Nv — Q2 2026 Earnings Presentation
39 slides from Technip Energies Nv's earnings presentation, Jul 30, 2026
Slide 1: H1 2026 Results: Managing the near-term; Strengthening long-term fundamentals
H1 2026 Results Managing the near-term; Strengthening long-term fundamentals July 30, 2026
Slide 2: Welcome
Welcome Agenda Today’s speakers Business highlights Arnaud Pieton Financial highlights Bruno Vibert Outlook & Conclusion Arnaud Pieton Bruno Vibert Chief Executive Officer Chief Financial Officer Arnaud Pieton Technip Energies – H1 2026 Results 2
Slide 3: Disclaimer
Disclaimer This presentation contains forward-looking when made, there can be no assurance that future French Autorité des Marchés Financiers (AMF), statements that reflect Technip Energies’ developments affecting the Company will be those which includes a discussion of factors that could (the “Comp
Slide 4: Business Highlights
SECTION 1 Business Highlights ARNAUD PIETON CHIEF EXECUTIVE OFFICER Technip Energies – H1 2026 Results 4
Slide 5: H1 2026 – Key highlights
H1 2026 – Key highlights REVENUE RECURRING EBITDA H1 performance reflects challenges due to Middle € 3.7bn € 212m East situation H1 2025: € 3.6bn H1 2025: € 319m Exceptional order intake drives backlog to new high € ORDER INTAKE BACKLOG € 12.7bn € 25bn €150m share buyback program completed H1 2025:
Slide 6: Middle East situation – update
Middle East situation – update OPERATIONAL FINANCIAL Continuation of conflict; Middle East conflict weighs on H1 profitability associated secondary impacts materializing. for Project Delivery, and impacts FY outlook. Sites fully mobilized; Current operating conditions assumed to logistical challenge
Slide 7: A substantial high-quality, diversified backlog
A substantial high-quality, diversified backlog BACKLOG AT JUNE 30, 2026 MAIN PROJECTS GEOGRAPHIES AWARD YEAR CORAL NORTE Mozambique ~€ 25bn COMMONWEALTH LNG NFW US Qatar 2026 BACKLOG GROWTH DSL-01 (SAF) Netherlands VS END OF 2025 BLUE POINT NO. 1 US 2025 > 50% NET ZERO TEESSIDE GRANMORGU UK Surinam
Slide 8: Sharing value - shareholder returns and employee ownership
Sharing value - shareholder returns and employee ownership 1 RETURNING CAPITAL TO SHAREHOLDERS ESOP 2026: Dividend (€ / share) Share buyback (€m) 1.00 150 0.85 100 0.52 0.57 45 0.45 30 2021 2022 2023 2024 2025 2022 2023 2024 2025 2026 • Second successful global share employee offering; 75% oversubsc
Slide 9: Financial Highlights
SECTION 2 Financial Highlights BRUNO VIBERT CHIEF FINANCIAL OFFICER Technip Energies – H1 2026 Results 9
Slide 10: H1 2026 Financial highlights
H1 2026 Financial highlights REVENUE RECURRING EBITDA RECURRING EBITDA % € 3.7bn € 212m 5.8% H1 2025: € 3.6bn H1 2025: € 319m H1 2025: 8.7% FCF CONVERSION1 SHARE BUYBACK BOND OFFERING 86% € 150m € 500m H1 2025: 101% Program completed2 > 5x oversubscribed Financial information is presented under adju
Slide 11: Segment performance: Project Delivery
Segment performance: Project Delivery Material impact on performance due to Middle East situation RECURRING RECURRING Revenue: Activity growth in LNG and REVENUE EBITDA EBIT BACKLOG decarbonization projects in US / Europe In €m In €m In €m In €m mostly offset by tempered progress on Middle East proj
Slide 12: Segment performance: Technology, Products & Services
Segment performance: Technology, Products & Services Margin growth offsets modestly softer revenue RECURRING RECURRING Revenue: FX headwinds and reduced ethylene REVENUE EBITDA EBIT BACKLOG furnace contribution largely offset by activity for In €m In €m In €m In €m CO2 capture proprietary product as
Slide 13: H1 2026 other key metrics and balance sheet
H1 2026 other key metrics and balance sheet Reflects cost of ESOP 2026; underlying Corporate costs € 42 million run-rate in line with lower-end of guidance. Income Impacts of purchase Primarily incremental D&A arising from fair accounting1 € 10 million value uplifts associated to AM&C acquisition. S
Slide 14: Consistent strength in free cash flow generation
Consistent strength in free cash flow generation CASH FLOW BRIDGE • Operating cash flow: €979m; Free cash flow1: €957m, after €774m inflow from working capital In €m and provisions. 774 32 4,820 ✓ Free cash flow, excluding working capital (13) impact: €183m. ✓ Free cash conversion from Adj. Rec. EBI
Slide 15: Updated conditional 2026 segment guidance
Updated conditional 2026 segment guidance ASSUMPTIONS Current operating conditions persist throughout the remainder of the year. PROJECT DELIVERY TECHNOLOGY, PRODUCTS & SERVICES REVENUE EBITDA MARGIN REVENUE EBITDA MARGIN FY CONDITIONAL GUIDANCE €5.7 – 6.3bn >5.0% €1.9 – 2.2bn ~15% PRIOR GUIDANCE (A
Slide 16: Outlook & Conclusion
SECTION 3 Outlook & Conclusion ARNAUD PIETON CHIEF EXECUTIVE OFFICER Technip Energies – H1 2026 Results 16
Slide 17: A view from T.EN – positioned for long-term growth
A view from T.EN – positioned for long-term growth MIDDLE EAST IMPLICATIONS T.EN’S STRENGTHS T.EN PRIORITIES EXECUTE Global need for increased Substantial backlog investment, diversification supporting medium-term revenue & circularity. and margin trajectory. €25bn backlog CAPITALIZE Critical role f
Slide 18: Key takeaways
Key takeaways Resilient results Commercial success Strategy commitment • Stable Y/Y revenue despite • H1 26 order intake drives backlog • Positioned to capitalize on resurgent challenging operating environment to new high of €25bn+ energy and LNG markets • Updated guidance reflects prudent • Increas
Slide 19: Q2 2026 Results Q&A
Q2 2026 Results Q&A July 30, 2026
Slide 20: Appendix
Appendix 27th February 2025
Slide 21: Backlog schedule
Backlog schedule TECHNOLOGY, PRODUCTS PROJECT DELIVERY & SERVICES FULL COMPANY 2026 (6M) €3.0bn + €0.7bn → €3.7bn 2027 €6.5bn + €0.4bn → €6.9bn 2028+ €14bn + €0.4bn → €14.4bn €23.5bn €1.5bn €25bn Adjusted backlog at June 30, 2026, has been positively impacted by foreign exchange of €195.1 million. T
Slide 22: Key Q2 2026 operational highlights
Key Q2 2026 operational highlights (F)LNG Carbon capture NFS: Substantial completion of bp Net Zero Teesside Power engineering and piping installation Project: The first major equipment PROJECT on pipe racks ongoing. supplied by GE Vernova, including heat recovery steam generator and DELIVERY Coral
Slide 23: T.EN's net cash assessment: > €900 million
T.EN’s net cash assessment: > €900 million Bridging gross cash to net cash; a limited portion of NCL represents future cash outflow T.EN’S CALCULATION OF NET CASH 1 Gross cash ~€2.5bn 2 NCL1 “project debt” i.e. estimated ~€4.8bn project costs + contingency in full Project ~€1.4bn contingency 3 Finan
Slide 24: Rebound – a JV to develop a SAF production project in France
Rebound – a JV to develop a SAF production project in France A GROWING MARKET ESTABLISHED PLAYERS AN AMBITIOUS PROJECT One of the largest facilities of its kind x8 SAF expected demand between 2030 - 2050 Project's lead developer & engineering service provider AtJ to be the next cheapest pathway afte
Slide 25: AM&C Purchase Price Allocation
AM&C Purchase Price Allocation Acquisition date: December 31, 2025 | Provisional allocation within the 12-month IFRS 3 measurement period Fair values identified in H1 2026 Impact on H1 2026 accounts Property, plant and equipment €73.1m Incremental D&A recognized in H1 P&L Useful life: from 2 to 29 y
Slide 26: Accounting matters: IFRS – a new way to present our financials
Accounting matters: IFRS 18 – a new way to present our financials A new standard on presentation and disclosure in financial statements NEW LOOK INCOME TWO NEW NEW KPIs OTHER STATEMENT REQUIRED METRICS TO BE INTRODUCED IMPACTS Defined categories: • Operating profit • Profit before financing & Statem
Slide 27: Adjusted statements of income – H1 2026
Adjusted statements of income – H1 2026 Financial information is presented under adjusted IFRS (see Appendix 8.0 of H1 2026 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – H1 2026 Results 27
Slide 28: Adjusted statements of income – Q2 2026
Adjusted statements of income – Q2 2026 Financial information is presented under adjusted IFRS (see Appendix 8.0 of H1 2026 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – H1 2026 Results 28
Slide 29: Adjusted statements of income: Reconciliation H1 2026
Adjusted statements of income Reconciliation between IFRS and Adjusted – H1 2026 Financial information is presented under adjusted IFRS (see Appendix 8.0 of H1 2026 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – H1 2026 Results
Slide 30: Adjusted statements of income: Reconciliation H1 2025
Adjusted statements of income Reconciliation between IFRS and Adjusted – H1 2025 Financial information is presented under adjusted IFRS (see Appendix 8.0 of H1 2026 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – H1 2026 Results
Slide 31: Adjusted statements of income: Reconciliation Q2 2026
Adjusted statements of income Reconciliation between IFRS and Adjusted – Q2 2026 Financial information is presented under adjusted IFRS (see Appendix 8.0 of H1 2026 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – H1 2026 Results
Slide 32: Adjusted statements of income: Reconciliation Q2 2025
Adjusted statements of income Reconciliation between IFRS and Adjusted – Q2 2025 Financial information is presented under adjusted IFRS (see Appendix 8.0 of H1 2026 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – H1 2026 Results
Slide 33: Adjusted statements of financial position
Adjusted statements of financial position Financial information is presented under adjusted IFRS (see Appendix 8.0 of H1 2026 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – H1 2026 Results 33
Slide 34: Adjusted statements of cashflows
Adjusted statements of cashflows Financial information is presented under adjusted IFRS (see Appendix 8.0 of H1 2026 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – H1 2026 Results 34
Slide 35: Differentiated capital structure
Differentiated capital structure Total liquidity, June 30, 2026 (€m) Gross cash / debt, June 30, 2026 (€m) 750 5,570 Commercial paper & other 4,820 4,820 301 Notes1 3,423 1,096 Cash RCF Liquidity Cash Gross debt Net Rounded numbers • Strong liquidity €5.6 billion, comprised of €4.8 billion gross cas
Slide 36: Stock information and ADR
Stock information and ADR Stock ADR Program Listing: Euronext Paris / CAC Next 20 & CAC Large 60 indices Ticker code: TE / ISIN code: NL0014559478 Exchange: Over-the-Counter Free float: 130.0 million / Outstanding shares: 178.4 million Ratio: 1 ADR : 1 ORD Market Capitalization, June 30, 2026: €5.9
Slide 37: A balanced shareholder structure
A balanced shareholder structure Half year review Full Equity Split Institutional Investors As a % of Shares Outstanding Regional split Retail Rest of World Other incl. 6.2% Europe 3.8% hedge funds 11.0% 7.1% 25.4% France 3.1% T.EN treasury 56.5% Institutional (long only) 30.6% UK & Ireland 27.1% St
Slide 38: Upcoming investor events
Upcoming investor events 30 Jul 29 Oct September October H1 Results Q3 Results 1 Sep 8 Sep 23 Sep 1 Oct RBC Back-to School Barclays 40th Annual Global Energy & 15th Baader Investment Conference Kepler Cheuvreux Round Table virtual fireside chat Power Conference (NYC) (CFO) for Canadian Investors (CF
Slide 39: 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 – H1 2026 Results 39