Technip Energies Nv · EURONEXT:TE
Technip Energies Nv — H1 2025 Earnings Presentation
39 slides from Technip Energies Nv's earnings presentation, Jul 31, 2025
Slide 1: H1 2025 Results
H1 2025 Results Executing A strong company for the long-term July 31, 2025
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 which includes a discussion of factors that could statements that reflect Technip Energies’ (the developments affecting the Company will be those affect the Company’s future performance and the “Co
Slide 4: Business Highlights
SECTION 1 Business Highlights ARNAUD PIETON CHIEF EXECUTIVE OFFICER Technip Energies – H1 2025 Results 4
Slide 5: H1 2025 – Delivering on our growth trajectory
H1 2025 – Delivering on our growth trajectory REVENUE RECURRING EBITDA Material Y/Y growth in revenue, recurring € 3.6bn € 319m EBITDA & free cash flow H1 2024: € 3.2bn H1 2024: € 281m Major award for world’s largest low-carbon ammonia facility in the US BACKLOG FREE CASH FLOW2 € 18.0bn 1 € 322m Res
Slide 6: Key Q2 2025 operational highlights
Key Q2 2025 operational highlights Gas & LNG Carbon Capture NFE: Permanent energization of bp Net Zero Teesside Power the substations for Train 8 and first Project: Started site preparation, notably activities required prior to PROJECT utilities in service. piling and civil works. DELIVERY NFS: Star
Slide 7: Technology & Innovation – strengthening our portfolio
Technology & Innovation – strengthening our portfolio T.EN’S COLLABORATION DRIVING INNOVATION R&D PROGRAMS Carbon capture Chemicals Circularity Ethylene GLOBAL ALLIANCE COLLABORATION COLLABORATION: LOW-CO2 CRACKING WITH SHELL WITH CLARIANT NESTE & ALTERRA FURNACE A leading CO2 capture Catalyst techn
Slide 8: Increased diversification in our order intake
Increased diversification in our order intake T.EN ORDER INTAKE BY MARKET T.EN ORDER INTAKE BY GEOGRAPHY (last six quarters) (last six quarters) Energy Derivatives Decarbonization1 EUROPE APAC 10% 39% 30% €12.7bn 30% 5% 32% 50% 3% 1% Energy Circularity & Others AMERICAS RoW2 MIDDLE EAST Substantial
Slide 9: Financial Highlights
SECTION 2 Financial Highlights BRUNO VIBERT CHIEF FINANCIAL OFFICER Technip Energies – H1 2025 Results 9
Slide 10: H1 2025 Financial highlights
H1 2025 Financial highlights REVENUE RECURRING EBITDA RECURRING EBITDA % € 3.6bn € 319m 8.7% H1 2024: € 3.2bn H1 2024: € 281m H1 2024: 8.9% EPS (DILUTED) FCF CONVERSION1 T.EN NET CASH2 € 1.07 101% >€ 1.6bn H1 2024: € 1.04 H1 2024: 86% YE 2024: > € 1.4bn Financial information is presented under adjus
Slide 11: Segment performance: Project Delivery
Segment performance: Project Delivery Significant year-over-year growth RECURRING RECURRING REVENUE EBITDA EBIT BACKLOG Revenue: Significant Y/Y growth driven by the high activity on LNG projects in Qatar, In €m In €m In €m In €m and ramp-up of new wave of projects including Ruwais LNG and GranMorgu
Slide 12: Segment performance: Technology, Products & Services
Segment performance: Technology, Products & Services Material expansion in margins RECURRING RECURRING REVENUE EBITDA EBIT BACKLOG Revenue: Reduced proprietary equipment In €m In €m In €m In €m contribution, partially offset by robust volumes of consultancy, engineering services & studies. -5% +13%
Slide 13: H1 2025 other key metrics and balance sheet
H1 2025 other key metrics and balance sheet Incl. impact of share price increase and Corporate costs € 33 million supplemental French social charges on LTI1 plans. Income Net financial income € 51 million Continued benefit from interest income. Statement Incl. ~€20 million for adjacent business mode
Slide 14: Consistent strength in free cash flow generation
Consistent strength in free cash flow generation CASH FLOW BRIDGE In €m • Operating cash flow: €366m; Free cash flow1: 322 10 €332m, includes €10m inflow from working capital and provisions. 4,058 (199) 4,016 ✓ Free cash flow, excluding working capital (175) impact: €322m. ✓ Free cash conversion fro
Slide 15: Updating segment guidance – raising TPS EBITDA margin
Updating segment guidance – raising TPS EBITDA margin PROJECT DELIVERY TECHNOLOGY, PRODUCTS & SERVICES REVENUE EBITDA MARGIN1 REVENUE EBITDA MARGIN1 UPDATED GUIDANCE €5.2 - 5.6bn ~8% €1.8 - 2.2bn 14.0% - 14.5% PRIOR REVENUE EBITDA MARGIN1 REVENUE EBITDA MARGIN1 GUIDANCE (April 30, 2025) €5.2 - 5.6bn
Slide 16: Outlook & Conclusion
SECTION 3 Outlook & Conclusion ARNAUD PIETON CHIEF EXECUTIVE OFFICER Technip Energies – H1 2025 Results 16
Slide 17: The US – a growth play for T.EN
The US – a growth play for T.EN OUR POSITIONING NAVIGATING US REGULATORY LANDSCAPE LNG MORATORIUM LIFTING TARIFFS ✓ Well positioned in LNG, blue Good progress in permitting, offtakes No contractual risk / exposure molecules, and CCUS1 projects Greater certainty on T.EN prospects Execution scheme fle
Slide 18: LNG – opportunity rich for the long-term
LNG – opportunity rich for the long-term KEY GEOGRAPHIES FOR LNG PROSPECTS MARKET TRENDS Energy access Increasing Regional & security demand policies T.EN DIFFERENTIATION ✓ Mid-to-mega-scale execution, Floating LNG expertise ✓ Modular, productized offerings (e.g. SnapLNGTM) ✓ Decarbonization (e.g. e
Slide 19: Capturing the market trend for pragmatic decarbonization
Capturing the market trend for pragmatic decarbonization MARKET OUTLOOK DEMONSTRATED LEADERSHIP Total addressable market1 (2023 to 2030) Key regions North America Blue ✓ H2 leader (>30% market share historically) 4 Mt 30 Mt Middle East molecules ✓ Proprietary equipment & technology (e.g. SMR, ATR) E
Slide 20: Key takeaways
Key takeaways Solid first half Award momentum Strong for the long-term • Y/Y growth of 15% in revenue • Major award – world’s largest • Strong long-term fundamentals; and 13% in EBITDA blue ammonia facility, US T.EN focused on value creation • Increase FY TPS EBITDA • Attractive outlook for H2 2025
Slide 21: H1 2025 Results Q&A
H1 2025 Results Q&A 31st July 2025
Slide 22: Appendix
Appendix 27th February 2025
Slide 23: Backlog schedule
Backlog schedule FULL COMPANY: €18.0 bn €3.1 bn €6.5 bn €8.4 bn 2025 (6M) 2026 2027+ → PROJECT DELIVERY: €16.2 bn €2.4 bn €5.9 bn €7.9 bn 2025 (6M) 2026 2027+ + TECHNOLOGY, PRODUCTS & SERVICES: €1.8bn €0.7 bn €0.6 bn €0.6 bn 2025 (6M) 2026 2027+ Adjusted backlog at June 30, 2025, has been negatively
Slide 24: T.EN’s net cash assessment: over €1.6 billion
T.EN’s net cash assessment: over €1.6 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 <€1.7bn 2 NCL “project debt” i.e. estimated project costs + contingency in full ~€4.0bn Project ~€0.7bn contingency 3 Fin
Slide 25: Key awards in the second quarter
Key awards in the second quarter BLUE POINT NUMBER ONE PROJECT, US NFPS COMP 4 PROJECT, QATAR Major1 EPF2 contract to deliver the world’s Significant3 detailed engineering design for two offshore largest low-carbon ammonia plant compression complexes for the NFPS COMP4 project Leveraging modularizat
Slide 26: Sustainability at the core
Sustainability at the core Technip Energies member of S&P’s 2025 Sustainability Yearbook S&P classes Technip Energies as an ‘Industry Mover’ WE INNOVATE WE DELIVER WE EMPOWER Selected for the Blue Point Act4Nature renewed & WeCare program launch Number One ATR project, extended commitment Our global
Slide 27: Adjusted statements of income – H1 2025
Adjusted statements of income – H1 2025 Financial information is presented under adjusted IFRS (see Appendix 8.0 of H1 2025 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – H1 2025 Results 27
Slide 28: Adjusted statements of income – Q2 2025
Adjusted statements of income – Q2 2025 Financial information is presented under adjusted IFRS (see Appendix 8.0 of H1 2025 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – H1 2025 Results 28
Slide 29: Adjusted statements of income
Adjusted statements of income Reconciliation between IFRS and Adjusted – H1 2025 Financial information is presented under adjusted IFRS (see Appendix 8.0 of H1 2025 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – H1 2025 Results
Slide 30: Adjusted statements of income
Adjusted statements of income Reconciliation between IFRS and Adjusted – H1 2024 Financial information is presented under adjusted IFRS (see Appendix 8.0 of H1 2025 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – H1 2025 Results
Slide 31: Adjusted statements of income
Adjusted statements of income Reconciliation between IFRS and Adjusted – Q2 2025 Financial information is presented under adjusted IFRS (see Appendix 8.0 of H1 2025 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – H1 2025 Results
Slide 32: Adjusted statements of income
Adjusted statements of income Reconciliation between IFRS and Adjusted – Q2 2024 Financial information is presented under adjusted IFRS (see Appendix 8.0 of H1 2025 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – H1 2025 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 2025 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – H1 2025 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 2025 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – H1 2025 Results 34
Slide 35: Differentiated capital structure
Differentiated capital structure Net liquidity, June 30, 2025 (€m) Gross cash / debt, June 30, 2025 (€m) 750 4,766 4,016 Commercial paper & others 4,016 148 the Notes1 3,269 598 Cash RCF Liquidity Cash Gross debt Net Rounded numbers • Robust liquidity position comprised of €4.0 billion of gross cash
Slide 36: 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: 129.7 million / Outstanding shares: 178.4 million Ratio: 1 ADR : 1 ORD Market Cap on June 30, 2025: €6.4 billion Volume Share price €
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. hedge funds 6% Europe 3% 8% 11% T.EN treasury 27% France 2% Institutional 58% (long only) 26% UK & Ireland 27% Strategic shareholde
Slide 38: 2025 - Technip Energies upcoming investor events
2025 - Technip Energies upcoming investor events Engaging top shareholders and potential investors with geographical diversification Aug 26 Sept 10 Sept 11 Sept 24 Oct 1 Nov 12 Nov 17 Dec 4 Investor RBC KEPLER MORGAN STANLEY ALPHA VALUE KEPLER CHEUVREUX GOLDMAN SACHS BNP BERENBERG conferences Back-t
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 2025 Results 39