Technip Energies Nv · EURONEXT:TE
Technip Energies Nv — FY 2025 Earnings Presentation
44 slides from Technip Energies Nv's earnings presentation, Feb 26, 2026
Slide 1: FY 2025 Results
FY 2025 Results A successful year of delivery Trending ahead of medium-term outlook February 26, 2026
Slide 2: Welcome
Welcome Agenda Today’s speakers Business highlights Arnaud Pieton Chief Executive Officer Financial highlights Bruno Vibert Chief Financial Officer Outlook & Conclusion Arnaud Pieton Bruno Vibert Chief Executive Officer Chief Financial Officer Arnaud Pieton Chief Executive Officer Technip Energies –
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: Business Highlights
SECTION 1 Business Highlights ARNAUD PIETON CHIEF EXECUTIVE OFFICER Technip Energies – FY 2025 Results 4
Slide 5: Value creation designed to last
An attractive • Organic growth underpinned by backlog and growing markets growth outlook… • Margin expansion leveraging differentiation and transformation …with accelerated • Strong Free Cash Flow1 and robust balance sheet capital deployment… • Capital allocation priorities: dividends & accretive in
Slide 6: FY 2025 Key highlights
FY 2025 – Key highlights REVENUE RECURRING EBITDA Solid financial performance € 7.2bn € 638m • Highest ever Revenue / EBITDA • Strong EBITDA-to-Free Cash Flow1 conversion +5% Y/Y +5% Y/Y Commercial successes • Large decarbonization win; Blue Point No.1 FREE CASH FLOW1 PROPOSED DIVIDEND2 • Important
Slide 7: Great progress across Project Delivery portfolio in 2025
Great progress across Project Delivery portfolio in 2025 Non-exhaustive list EXCELLENCE IN EXECUTION - 2025 Illustrative only, Project Early-phase Mid-phase Late-phase not to scale NFE NFS GRANMORGU 323 million ENERGY Total worked hours1 ECA RUWAIS MARSA 0.02 BOROUGE Lost Time Injury Rate2 ENERGY DE
Slide 8: Key TPS accomplishments in 2025
Key TPS accomplishments in 2025 NOTABLE TPS MILESTONES DRIVING STRONG MARGIN PERFORMANCE Ethylene Loading Systems Sust. Aviation Fuel Carbon capture NESTE RENEWABLE INEOS PROJECT NORTHERN CARBON CENTRIC PRODUCTS REFINERY ONE LIGHTS PHASE 1 RAKKESTAD EXPANSION Last furnace modules Successful delivery
Slide 9: AM&C deal completed; enriching TPS offering across the lifecycle
AM&C deal completed; enriching TPS offering across the lifecycle EXPANDING OUR VALUE POOLS TO ENHANCE QUALITY OF EARNINGS Project Engineering Engineering & Fabrication & Operations & Maintenance lifecycle Services Procurement Construction TECHNOLOGY LICENSING T.EN offering PROPRIETARY EQUIPMENT SUPP
Slide 10: Major award for North Field West project in Qatar
Major award for North Field West project in Qatar NFW, Qatar Major1 EPC contract follows successful completion of FEED Leveraging early engagement and incumbency position Replication of train design based on ongoing NFE and NFS projects 2 ~1.1 Mtpa Liquefaction mega trains CO2 to be captured & store
Slide 11: A new page in our sustainability journey
A new page in our sustainability journey 2021 KEY ACHIEVEMENTS 2025 OUR SUSTAINABILITY STRATEGY 2030 A transformation program to accelerate change and deliver lasting value, with business-oriented ambitions through 3 strategic drivers: +100% Climate & contract awards including technologies People Tr
Slide 12: Financial Highlights
SECTION 2 Financial Highlights BRUNO VIBERT CHIEF FINANCIAL OFFICER Technip Energies – FY 2025 Results 12
Slide 13: FY 2025 Financial highlights
FY 2025 Financial highlights REVENUE RECURRING EBITDA RECURRING EBITDA % € 7.2bn € 638m 8.9% FY 2024: € 6.9bn FY 2024: € 608m FY 2024: 8.9% EPS (DILUTED) FCF CONVERSION1 T.EN NET CASH2 Excl. non-recurring items Excl. non-recurring items € 2.36 91% ~€ 1.0bn FY 2024: € 2.28 FY 2024: 90% YE 2024: > € 1
Slide 14: Segment performance: Project Delivery
Segment performance: Project Delivery Significant year-over-year activity growth with strong profitability REVENUE RECURRING RECURRING BACKLOG Revenue: Solid Y/Y growth benefiting from EBITDA EBIT activity growth in LNG, decarbonization and In €m In €m In €m In €m offshore. Recurring EBITDA / EBIT:
Slide 15: Segment performance: Technology, Products & Services
Segment performance: Technology, Products & Services Material expansion in margins more than offsets softer revenue REVENUE RECURRING RECURRING BACKLOG Revenue: Reduced contribution from EBITDA EBIT technology licensing and proprietary products, In €m In €m In €m In €m partially offset by strong vol
Slide 16: FY 2025 other key metrics and balance sheet
FY 2025 other key metrics and balance sheet Net financial income €89 million Trend reflects lower global interest rates Income Effective tax rate 29.7 % In line with upper-end of guidance Statement Recurring Net profit1 €421 million 2% growth Y/Y 19% Return on Demonstrating continuous Equity2 Equity
Slide 17: Consistent strength in free cash flow generation
Consistent strength in free cash flow generation CASH FLOW BRIDGE In €m • Operating cash flow: €608m. 497 22 • Free cash flow2 (FCF), excl. wcap & provisions: €497m; FCF conversion from Adj. Rec. EBITDA: 78%. ✓ Capex: €89m; Dahej yard expansion, T.EN lab 4,058 investment, new office fit out. (472) (
Slide 18: 2026 Segment guidance confirming continued growth
2026 Segment guidance confirming continued growth… PROJECT DELIVERY TECHNOLOGY, PRODUCTS & SERVICES REVENUE EBITDA MARGIN1 REVENUE EBITDA MARGIN1 GUIDANCE €6.3 - 6.7bn ~8.0% €2.0 - 2.2bn ~14.5% EFFECTIVE TAX RATE2 CORPORATE COSTS ADJACENT BUSINESS MODEL INVESTMENT3 OTHER ITEMS 26% - 30% €50 - 60m <€
Slide 19: Attractive total shareholder returns
Attractive total shareholder returns Share TSR3 Dividend1 +18% Buyback2 €150m since inception >200% • 2025 proposed dividend: €1.00 share • Supplemental return of capital to shareholders • Compelling TSR since company listing • Cash cost: ~€176m • Supported by strong balance sheet and • Strong perfo
Slide 20: Outlook & Conclusion
SECTION 3 Outlook & Conclusion ARNAUD PIETON CHIEF EXECUTIVE OFFICER Technip Energies – FY 2025 Results 20
Slide 21: T.EN – strongly positioned to address any energy scenario
T.EN – strongly positioned to address any energy scenario Energy transition investment of $3.5tn per annum, 2031-35 MORE GROWTH, MORE ENERGY T.EN’s TAKE Shifting CAPTURE GAS & LNG GROWTH OUTLOOK Energy Mix A long cycle play supported by new usages Rising prominence of natural gas +15% WIN THE AFFORD
Slide 22: Inflection in new orders; enhancing backlog quality and visibility
Inflection in new orders; enhancing backlog quality and visibility KEY Q1 2026 ANNOUNCED AND EXPECTED NEAR-TERM AWARDS ORDER INTAKE POTENTIAL DSL-01, Substantial1 contract for 100 Ktpa SAF plant using HEFA pathway Netherlands Coral Norte, Significant2 further award to progress replicate FLNG unit PR
Slide 23: A longer-term growth perspective on T.EN's backlog
A longer-term growth perspective on T.EN’s backlog Technip Energies’ backlog evolution (in €bn) ~€24bn €17.7 bn €16.4 bn €13.4 bn 18.9 19.6 18.0 18.2 18.0 17.0 16.8 16.0 15.6 15.7 15.3 15.9 13.4 13.5 12.8 12.0 Q1 22 Q2 22 Q3 22 Q4 22 Q1 23 Q2 23 Q3 23 Q4 23 Q1 24 Q2 24 Q3 24 Q4 24 Q1 25 Q2 25 Q3 25
Slide 24: Key takeaways
Key takeaways Solid FY results Strategic success Strong shareholder returns • Y/Y growth of 5% in revenue and • Completion of first major • Proposed €1.00 dividend, +18% 5% in EBITDA acquisition Y/Y; €150m buyback program • Recurring FCF generation of • Notable near-term awards to • Building for the
Slide 25: FY 2025 Results Q&A
FY 2025 Results Q&A February 26, 2026
Slide 26: Appendix
Appendix 27th February 2025
Slide 27: A substantial & diversified commercial pipeline
A substantial & diversified commercial pipeline COMMERCIAL PIPELINE BY GEOGRAPHY AND MARKET – ROLLING TWO YEAR1 ENERGY _____________________ Numbers are rounded > LNG projects: US, Middle East, Africa > Rising demand for gas infrastructure EUROPE APAC / INDIA 16% ENERGY DERIVATIVES _________ ~10% No
Slide 28: Backlog schedule
Backlog schedule FULL COMPANY: €16.0 bn €7.2 bn €5.2 bn €3.6 bn 2026 2027 2028+ → PROJECT DELIVERY: €14.4 bn €6.2 bn €4.8 bn €3.5 bn 2026 2027 2028+ + TECHNOLOGY, PRODUCTS & SERVICES: €1.5 bn €1.0 bn €0.4 bn €0.1 bn 2026 2027 2028+ Adjusted backlog at December 31, 2025, has been negatively impacted
Slide 29: Sustainability scorecard 2030
sustainability scorecard 2030 UN AMBITION AMBITION AMBITION SDG Drive Technology & Offer affordable Accelerate the adoption Innovation towards technologies in circularity & of sustainable Innovate sustainability decarbonization innovative solutions INDICATOR INDICATOR INDICATOR Technology & innovati
Slide 30: Key Q4 2025 operational highlights
Key Q4 2025 operational highlights LNG Chemicals NFE: Fuel gas introduction in Train Kedah Melamine Plant: Plant 8 process area. receives ‘Ready For Start Up’ PROJECT (RFSU) certificate. Marsa: First mass concrete pour DELIVERY completed and first column lifting achieved. Marsa LNG Sustainable fuels
Slide 31: T.EN's net cash assessment: ~ €1 billion
T.EN’s net cash assessment: ~ €1 billion 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 ~€1.8bn 2 NCL1 “project debt” i.e. estimated ~€3.8bn project costs + contingency in full Project ~€1.0bn contingency 3 Financi
Slide 32: Adjusted statements of income – FY 2025
Adjusted statements of income – FY 2025 Financial information is presented under adjusted IFRS (see Appendix 8.0 of FY 2025 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – FY 2025 Results 32
Slide 33: Adjusted statements of income – Q4 2025
Adjusted statements of income – Q4 2025 Financial information is presented under adjusted IFRS (see Appendix 8.0 of FY 2025 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – FY 2025 Results 33
Slide 34: Adjusted statements of income
Adjusted statements of income Reconciliation between IFRS and Adjusted – FY 2025 Financial information is presented under adjusted IFRS (see Appendix 8.0 of FY 2025 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – FY 2025 Results
Slide 35: Adjusted statements of income
Adjusted statements of income Reconciliation between IFRS and Adjusted – FY 2024 Financial information is presented under adjusted IFRS (see Appendix 8.0 of FY 2025 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – FY 2025 Results
Slide 36: Adjusted statements of income
Adjusted statements of income Reconciliation between IFRS and Adjusted – Q4 2025 Financial information is presented under adjusted IFRS (see Appendix 8.0 of FY 2025 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – FY 2025 Results
Slide 37: Adjusted statements of income
Adjusted statements of income Reconciliation between IFRS and Adjusted – Q4 2024 Financial information is presented under adjusted IFRS (see Appendix 8.0 of FY 2025 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – FY 2025 Results
Slide 38: Adjusted statements of financial position
Adjusted statements of financial position Financial information is presented under adjusted IFRS (see Appendix 8.0 of FY 2025 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – FY 2025 Results 38
Slide 39: Adjusted statements of cashflows
Adjusted statements of cashflows Financial information is presented under adjusted IFRS (see Appendix 8.0 of FY 2025 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – FY 2025 Results 39
Slide 40: Differentiated capital structure
Differentiated capital structure Net liquidity, Dec 31, 2025 (€m) Gross cash / debt, Dec 31, 2025 (€m) 750 4,593 3,843 Commercial paper & other 414 the Notes1 3,843 602 2,827 Cash RCF Liquidity Cash Gross debt Net Rounded numbers • Outstanding commercial paper debt increased to €299 million to parti
Slide 41: 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: 128.0 million / Outstanding shares: 178.4 million Ratio: 1 ADR : 1 ORD Market Capitalization, December 31, 2025: €
Slide 42: A balanced shareholder structure
A balanced shareholder structure Full year review Full Equity Split Institutional Investors As a % of Shares Outstanding Regional split Retail Rest of World Other incl. 6.0% Europe 3.3% hedge funds 9.8% 10.4% 27.0% France T.EN treasury 0.9% 53.8% Institutional (long only) 30.5% UK & Ireland Strategi
Slide 43: Upcoming investor events in H1 2026
Upcoming investor events in H1 2026 Q1 2026 Results March 30 April May 2-3 Mar 17 Mar 6 May 20 May US Virtual Roadshow BNPP Transforming Industrials, Benelux Roadshow Berenberg European Conference (NYC) (CFO) Materials & Energy (IR) (CFO) (CEO) 5 Mar 17 Mar 12 May 19, 21 May Edinburgh Roadshow UBS G
Slide 44: 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 – FY 2025 Results 44