Technip Energies Nv · EURONEXT:TE
Technip Energies Nv — 9M 2024 Earnings Presentation
33 slides from Technip Energies Nv's earnings presentation, Oct 31, 2024
Slide 1: Advancing: 9M 2024 Results
Advancing Strategic positioning with topline momentum and sustained margins 9M 2024 Results
Slide 2: Forward looking statements
Forward looking statements This presentation contains forward-looking statements that reflect Technip Energies’ (the “Company”) intentions, beliefs or current expectations and projections about the Company's future results of operations, anticipated revenues, earnings, cashflows, financial condition
Slide 3: Welcome
Welcome Business highlights Arnaud Pieton CEO Bruno Vibert Financial highlights CFO Technip Energies – 9M 2024 Results 3
Slide 4: Business highlights
Business highlights Arnaud Pieton - CEO Technip Energies – 9M 2024 Results 4
Slide 5: 9M 2024 – Key highlights
9M 2024 – Key highlights Solid performance; upgrading FY revenue guidance € 5.0bn Revenue € 1.55 Diluted EPS1 13% topline growth Y/Y; raising revenue guidance to €6.5 – 6.8bn (vs €6.1 – 6.6bn) 9M 2023: € 4.4bn 9M 2023: € 1.15 T.EN selected for key prospects in Americas, India and UK € 15.9bn Backlog
Slide 6: Q3 2024 operational highlights
Q3 2024 operational highlights Delivering across the portfolio Project Delivery TPS NFS Long Son Credit: Arcadia eFUELS Arcadia eFUELS Regeneration Hub Zero LNG Downstream Carbon Capture & Storage Circularity NFE: Peak mobilization & Long Son: Final performance LaBarge: Buildings for modularized Rej
Slide 7: Recent highlights
Recent highlights Capturing future growth WINNING STRATEGIC MEDIUM TERM INVESTMENTS Strengthening Project Delivery TPS TPS capabilities EPFC1 for Lake Charles LNG2 Rely awarded EPsCm3 by AM Green 3x 5.5 Mtpa modular LNG major One of the world’s largest green ammonia Bolt-on acquisitions export termi
Slide 8: Financial highlights
Financial highlights Bruno Vibert - CFO Technip Energies – 9M 2024 Results 8
Slide 9: Solid 9M 2024 performance
Solid 9M 2024 performance € 5.0bn € 357m € 280m Revenue Recurring EBIT Net profit to T.EN 9M 2023: € 4.4bn 9M 2023: € 319m 9M 2023: € 207m 9M 2024 financial highlights € 4.8bn € 360m € 3.5bn Order intake Free cash flow, ex W.cap1 Gross cash 9M 2023: € 9.5bn 9M 2023: € 356m FY 2023: € 3.6bn Financial
Slide 10: Project Delivery
Project Delivery Significant revenue growth; backlog provides multi-year visibility Revenue Recurring EBITDA Recurring EBIT Backlog in € million in € million in € million in € million • Revenue: significant growth Y/Y driven mostly by LNG projects in Qatar ramping up. + 17% + 11% + 11% + 2% • Recurr
Slide 11: Technology, Products & Services
Technology, Products & Services Continued business momentum Revenue Recurring EBITDA Recurring EBIT Backlog • Revenue: Growth driven renewable in € million in € million in € million in € million fuels services, PMC activities, and other studies and services work. + 3% + 5% + 1% - 7% • Recurring EBIT
Slide 12: Other key metrics and balance sheet
Other key metrics and balance sheet Corporate costs € 40.8 million Trending below 2023 run-rate. Income Net financial income € 88.9 million Materially up Y/Y – growth in cash investments. Statement Effective tax rate 30.3% Impacted by change in earnings mix. Cash € 3.5 billion Strong position, signi
Slide 13: Consistent underlying free cash flow generation
Consistent underlying free cash flow generation 5 Cash flow bridge 5 € million • Operating cash flow: € 7m; Free cash flow1: €19 m, after €169m outflow from working capital and provisions. 3 0 3 9 1 9 • Free cash flow, excluding working capital impact: € 6 m. 5 3 01 2 • Free cash conversion from Adj
Slide 14: Updated company guidance for 2024
Updated company guidance for 2024 Effective Revenue EBIT margin tax rate € . - 6.8bn 7.0% - 7.5% 29% - 33% Prior guidance: Prior guidance: €6.1 - 6.6bn 26% - 30% 1 EPS : double-digit growth Financial information is presented under adjusted IFRS (see Appendix 8.0 of 9M 2024 Results Release). Reconcil
Slide 15: Conclusion
Conclusion Arnaud Pieton - CEO Technip Energies – 9M 2024 Results 15
Slide 16: Key takeaways: Advancing
KEY TAKEAWAYS Strong 9M topline; raising FY revenue guidance and delivering FY margin guidance Advancing FY order intake set to exceed revenues for 2nd consecutive year; underpinning growth trajectory Positioned for key prospects that enable business diversification by geography and new markets Tech
Slide 17: Capital Markets Day
Capital Markets Day November 21st 2024, London
Slide 18: Q&A
Q&A Technip Energies – 9M 2024 Results 18
Slide 19: Appendix
Option 2 Appendix Technip Energies – 9M 2024 Results 19
Slide 20: Backlog schedule
Backlog schedule Total €1 8 3m adjusted backlog 2024 (3M) 2025 €1 701m € 080m 2026+ €9 072m Adjusted backlog at September , , has been impacted positively by foreign exchange of € .6 million. Technip Energies – 9M 2024 Results 20
Slide 21: Adjusted statement of income – 9M 2024
Adjusted statement of income – 9M 2024 Financial information is presented under adjusted IFRS (see Appendix 8.0 of 9M 2024 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – 9M 2024 Results 21
Slide 22: Adjusted statement of income – Q3 2024
Adjusted statement of income – Q3 2024 Financial information is presented under adjusted IFRS (see Appendix 8.0 of 9M 2024 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – 9M 2024 Results 22
Slide 23: Adjusted statements of income: IFRS reconciliation 9M 2024
Adjusted statements of income Reconciliation between IFRS and Adjusted – 9M 2024 Financial information is presented under adjusted IFRS (see Appendix 8.0 of 9M 2024 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – 9M 2024 Results
Slide 24: Adjusted statement of income: IFRS reconciliation 9M 2023
Adjusted statement of income Reconciliation between IFRS and Adjusted – 9M 2023 Financial information is presented under adjusted IFRS (see Appendix 8.0 of 9M 2024 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – 9M 2024 Results 2
Slide 25: Adjusted statements of income: IFRS reconciliation Q3 2024
Adjusted statements of income Reconciliation between IFRS and Adjusted – Q3 2024 Financial information is presented under adjusted IFRS (see Appendix 8.0 of 9M 2024 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – 9M 2024 Results
Slide 26: Adjusted statements of income: IFRS reconciliation Q3 2023
Adjusted statements of income Reconciliation between IFRS and Adjusted – Q3 2023 Financial information is presented under adjusted IFRS (see Appendix 8.0 of 9M 2024 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – 9M 2024 Results
Slide 27: Adjusted statements of financial position
Adjusted statements of financial position Financial information is presented under adjusted IFRS (see Appendix 8.0 of 9M 2024 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – 9M 2024 Results 27
Slide 28: Adjusted statement of cashflows
Adjusted statement of cashflows Financial information is presented under adjusted IFRS (see Appendix 8.0 of 9M 2024 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – 9M 2024 Results 28
Slide 29: Differentiated capital structure
Differentiated capital structure Net liquidity, September 30, 2024 Net cash, September 30, 2024 € million € million 80 173 750 Commercial Paper & Others 599 the Notes1 4,171 3,501 3,501 2,729 Cash RCF Outstanding Liquidity Cash Gross debt Net cash commercial paper • Robust liquidity position compris
Slide 30: Stock information and ADR
Stock information and ADR Stock ADR program Listed on Euronext Paris / SBF 120 index Ticker code: TE / ISIN code: NL0014559478 Exchange: Over-the-Counter Free float: 133.9 million / Outstanding shares: 181.6 million Ratio: 1 ADR : 1 ORD Market Cap on September 30, 2024: € .9 billion Volume Share pri
Slide 31: Technip Energies upcoming investor events
Technip Energies upcoming investor events Opportunities to interact with T.EN’s management and investor relations T.EN Nov 21, 2024 Feb 27, 2025 events FY Results Broker Nov 28, 2024 Dec 5, 2024 Jan 9, 2025 conferences Bernstein - Premium Review Berenberg European Conference ODDO BHF Forum Investor
Slide 32: A diversified shareholder structure
A diversified shareholder structure Equity Split Institutional Investors As a % of Shares Outstanding Regional split Retail Rest of World 4.9% Other incl. hedge funds 5.2% Institutional 7.7% Europe (long only) 13.4% 29.6% T.EN treasury 2.1% France 58.1% Strategic 26.2% shareholders1 UK & 26.9% Irela
Slide 33: Investor Relations
Investor Relations Phillip Lindsay Vice President, Investor Relations Tel: +44 20 7585 5051 phillip.lindsay@ten.com Investor Relations Corentin Cargouët Manager, Investor Relations Tel: +33 6 71 21 12 45 corentin.cargouet@ten.com