Gaztransport & Technigaz Sa · EURONEXT:GTT
Gaztransport & Technigaz Sa — Q1 2024 Earnings Presentation
12 slides from Gaztransport & Technigaz Sa's earnings presentation, Apr 19, 2024
Slide 1: Q1 2024 Activity update
Q1 2024 Activity update TECHNOLOGY FOR A SUSTAINABLE WORLD 19 April 2024
Slide 2: Disclaimer
Disclaimer This presentation does not contain or constitute an offer of securities for sale or an invitation or inducement to invest in securities in France, the United States or any other jurisdiction. It includes only summary information and does not purport to be comprehensive. No representation,
Slide 3: Q1 2024 Key Highlights
Q1 2024 Key Highlights Orders and revenues Services • Core business: 29 new orders in Q1 2024 • Two new global services contracts with JOVO in • 8 additional LNGC orders announced in April China • Q1 2024 revenues: 144,8 M€, +81% vs Q1 2023 • Digital solutions − Ascenz Marorka obtains type approval
Slide 4: Q1 2024 Orderbook: Strong commercial momentum continues
Q1 2024 Orderbook: Strong commercial momentum continues Order book Dec. 2023 Q1 2024 new orders Q1 2024 deliveries Order book March 2024 LNGC 296 +25 (11) 310 VLEC 4 +4 - 8 FSRU 1 - - 1 FSU 0 - - 0 Order book FLNG 1 - - 1 at historical Onshore 9 - - 9 record level (11) GTT order book movements +29 (
Slide 5: Strong LNG demand growth by 2030 and 2040
Strong LNG demand growth by 2030 and 2040 LNG DEMAND OUTLOOK LNG SUPPLY/DEMAND BALANCE 800 2040 S/D Gap 800 150-250 Mtpa BP New 750 Momentum CENTRAL 700 700 CENTRAL SCENARIOS Wood Mackenzie Q4 23 CAGR 2023-2030 (and Q2 23 in dotted lines) SCENARIOS 2030 Supply/Demand Gap 650 +4.9 to 5.7%/y 600 Shell
Slide 6: Q1 2024: Consolidated Revenues
Q1 2024: Consolidated Revenues SUMMARY REVENUES KEY HIGHLIGHTS in €m Q1 2023 Q1 2024 Change (%) Strong growth in revenues in Q1 2024 (+81.2% vs Q1 2023) Total Revenues 79.9 144.8 +81,2% Newbuilds 73.5 133.2 +81.3% Revenues from newbuilds (royalties): • €133.2 million, +81.3% vs Q1 2023 % of revenues
Slide 7: 2024 Outlook confirmed
2024 Outlook confirmed Revenue 2024 consolidated revenue estimated in a range of €600M to €640M EBITDA 2024 consolidated EBITDA estimated in a range of €345M to €385M Dividend 2024 dividend payout of at least 80% of consolidated net income Payment(1) Note: In the absence of any significant delays or
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Slide 9: Appendices
Appendices
Slide 10: An attractive business model supporting high cash generation
An attractive business model supporting high cash generation INVOICING AND REVENUE RECOGNITION Business model supports % of contract (1) high cash generation c. 9 to12 months c. 18 months Delivery 10000 studies royalties • Revenue is recognized pro-rata temporis between construction milestones • Ini
Slide 11: Glossary
Glossary The following abbreviations have been used throughout this document BOR Boil Off Rate FSU Floating Storage Unit MEGI M-type, Electronically Controlled Gas Injection APAC Asia-Pacific GBS Gravity Based Structure Mtpa Million tons per annum CAGR Compound Annual Growth Rate GHG Greenhouse Gase
Slide 12: Q1 2024 Activity update
Q1 2024 Activity update TECHNOLOGY FOR A SUSTAINABLE WORLD 19 April 2024
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