Technip Energies NV · EURONEXT:TE
Technip Energies NV — Merger or Acquisition (September 2025)
23 slides from Technip Energies NV's merger presentation, Sep 11, 2025
Slide 1: Acquisition of Ecovyst's Advanced Materials & Catalysts business
A Company in Motion Acquisition of Ecovyst’s Advanced Materials & Catalysts business (“AM&C”) September 11, 2025
Slide 2: Welcome: agenda and today's speakers
Welcome Agenda Today’s speakers Deal strategic rationale Arnaud Pieton Chief Executive Officer AM&C business overview Benjamin Lechuga Chief Strategy & Sustainability Officer Financials & value creation Bruno Vibert Chief Financial Officer Arnaud Pieton Benjamin Lechuga Bruno Vibert Chief Executive
Slide 3: Disclaimer
Disclaimer This presentation contains forward-looking when made, there can be no assurance that future and in the Company’s 2025 Half-Year Report filed statements that reflect Technip Energies’ (the developments affecting the Company will be those on July 31, 2025 with the AFM and the AMF, which “Co
Slide 4: Investment to drive incremental growth: what we have said
T.EN CMD, November 2024 Investment to drive incremental growth: “what we have said” STATED PRIORITIES KEY CRITERIA Focus on Technologies & Products • New technologies in emerging markets where T.EN can scale and develop associated products • Capital discipline • Bolt-on technology acquisitions to co
Slide 5: Ecovyst AM&C – accelerating our strategy to grow TPS
Ecovyst AM&C – accelerating our strategy to grow TPS Advances catalyst value chain capabilities Strengthens positioning in large, high growth markets1 Enhances capabilities in R&D, catalyst design and materials science Advanced Materials & Catalysts Business (“AM&C”) Broadens customer offering and v
Slide 6: Why catalysts are key to a successful technology strategy
Why catalysts are key to a successful technology strategy Catalyst expertise powers core process technologies and drives recurring revenues A substantial and growing Catalyst IP1 is at the core of market opportunity set for many process technologies catalyst applications Complements T.EN’s technolog
Slide 7: Catalyst business at T.EN
Catalyst business at T.EN EXAMPLES OF CATALYSTS OWNED BY T.EN Hummingbird® Bio-2-Glycols 1.3 PDO >80 T.EN’s technology SUSTAINABLE FUELS BIOCHEMICALS PETROCHEMICALS & product portfolio... Ethanol-to-ethylene A bio-solution to produce A raw material to produce techno. acquired from bp MEG2 from gluco
Slide 8: AM&C – a high-margin, technology-driven catalysts business
AM&C – a high-margin, technology-driven catalysts business ADVANCED MATERIALS & CATALYSTS BUSINESS (“AM&C”) 2024A FINANCIAL HIGHLIGHTS1 (in US$) • A technology-driven developer and A global leader manufacturer of advanced materials and catalysts Large and growing • Established: chemicals & downstrea
Slide 9: AM&C – a balanced business model
AM&C – a balanced business model Business unit ADVANCED SILICAS ZEOLYST INTERNATIONAL (50/50 JV with Shell) Silica-based advanced materials and catalysts Specialty zeolites & catalysts for hydrocracking & aromatic processes Polyethylene catalysts Product portfolio Functionalized silicas Hydrocrackin
Slide 10: AM&C – a global presence with strong US and European footprints
AM&C – a global presence with strong US and European footprints AM&C KEY GEOGRAPHIES AM&C SPLIT BY GEOGRAPHY ADVANCED SILICAS 2024A REVENUE ZEOLYST INTERNATIONAL R&D CENTER 4% WARRINGTON 10% DELFZIJL North America Asia AMSTERDAM 17% 46% US$223m Europe Middle East BELGIUM RoW 23% CONSHOHOCKEN, PA SOU
Slide 11: AM&C – transaction summary
AM&C – transaction summary PURCHASE PRICE FINANCING & VALUE CREATION • Purchase price: US$556m, subject to • Transaction fully funded from T.EN’s net cash adjustments for cash, debt and working capital position • Implied valuation multiple: 9.8x, based on • Accretive to EBITDA / EBIT margins, EPS2 a
Slide 12: Accelerating growth and margins in TPS segment
Accelerating growth and margins in TPS segment In EURO 2024A GROUP FINANCIALS1 (in €) 2024A TPS FINANCIALS1 (in €) REVENUE Adj. EBITDA EPS2 (Diluted) REVENUE REVENUE Adj. EBITDA Adj. EBITDA % +120 +3% +9% +3% +10% +10% +21% bps €7,061m 2203 €6,855m €2,203m €661m 1997 €311m 14.1% €1,997m €608m €2.22
Slide 13: Deal synergies to drive value creation
Deal synergies to drive value creation • Sales of AM&C catalysts & advanced materials to T.EN customers CROSS SELLING • Promote T.EN’s PD1 and TPS2 capabilities to AM&C customers REVENUE • Accelerate commercialization of AM&C’s catalyst portfolio • Develop new catalysts for T.EN process technology p
Slide 14: AM&C – a strategic and financially accretive acquisition
AM&C – a strategic and financially accretive acquisition Strategic Financial TECHNOLOGY ACQUISITION CAPITAL DISCIPLINE Complements existing portfolio; Acquisition multiple in line with T.EN’s expands value chain positioning current trading multiple FOCUS ON TECHNOLOGIES & PRODUCTS QUALITY OF EARNING
Slide 15: Q&A
TECHNIP ENERGIES Q&A September 11, 2025
Slide 16: Appendix
Appendix 27th February 2025
Slide 17: History of creating value through inorganic investments
History of creating value through inorganic investments TPS TPS TPS TPS / PD TPS ACQUISITION ACQUISITION OF ACQUISITIONS INVESTMENT IN JOINT VENTURE NEW ACQUISITION OF STONE & ZIMMER POLYMER START-UPS (Green H2) WEBSTER TECHNOLOGIES Advanced Materials & Catalysts Business (“AM&C”) 1958 1964 1999 200
Slide 18: AM&C – strong positioning in growing markets
AM&C – strong positioning in growing markets ADVANCED SILICAS ZEOLYST INTERNATIONAL TOTAL ADDRESSABLE MARKET TOTAL ADDRESSABLE MARKET Advanced silicas PEs Silica for cat. & other uses New applications (Biocatalysts, CC1) Zeolite Hydrocracking & custom catalysts Clean fuels & plastic ~$1.7-2.1bn ~$50
Slide 19: AM&C – strong intellectual property and R&D
AM&C – strong intellectual property and R&D A comprehensive global Patent1 Trademark2 IP strategy focused on composition and processes where patent and trademark AM&C utilizes its deep R&D and manufacturing know-how portfolio 9 13 28 17 30 Complemented by 40+ Complex production processes using uniqu
Slide 20: Advanced Silicas – business overview
ADVANCED SILICAS Advanced Silicas – business overview • Advanced Silicas innovates, produces, and supplies specialty silica-based advanced materials and catalysts Business • Utilizing deep polyethylene and chemical catalyst know-how to capitalize on emerging biocatalysis and carbon capture uses Desc
Slide 21: T.EN – expanding across the ethylene value chain
ADVANCED SILICAS T.EN – expanding across the ethylene value chain T.EN is already present in the immediate upstream step. Ethylene & PE plants are usually built at same location by same client Fossil Ethylene Polyethylene End-product feedstock cracking polymerization manufacture AM&C HDPE HDPE LLDPE
Slide 22: Zeolyst International – business overview
ZEOLYST INTERNATIONAL Zeolyst International – business overview • 50/50 JV with Shell Catalysts & Technologies: a leading innovator and supplier of custom zeolite-based advanced materials & catalysts Business • Its products are used in hydrocracking, dewaxing of distillate, sustainable fuels, emissi
Slide 23: Technip Energies
TECHNIP ENERGIES
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