Slide 1: Q1 2026 Results
Q1 2026 Results Managing the near-term Strengthening long-term fundamentals April 30, 2026
Slide 2: Welcome
Welcome Agenda Today’s speakers Business highlights Arnaud Pieton Financial highlights Bruno Vibert Conclusion Arnaud Pieton Bruno Vibert Chief Executive Officer Chief Financial Officer Arnaud Pieton Technip Energies – Q1 2026 Results 2
Slide 3: Disclaimer
Disclaimer This presentation contains forward-looking when made, there can be no assurance that future French Autorité des Marchés Financiers (AMF), statements that reflect Technip Energies’ developments affecting the Company will be those which includes a discussion of factors that could (the “Comp
Slide 4: Business Highlights
SECTION 1 Business Highlights ARNAUD PIETON CHIEF EXECUTIVE OFFICER Technip Energies – Q1 2026 Results 4
Slide 5: Q1 2026 – Key highlights
Q1 2026 – Key highlights REVENUE RECURRING EBITDA Resilient performance € 1.8bn € 149m amidst Middle East conflict Q1 2025: € 1.9bn Q1 2025: € 162m Strong free cash flow conversion € BACKLOG FREE CASH FLOW1 € 20.2bn € 132m Commercial success drives backlog to new high FY 2025: € 16.0bn Q1 2025: € 17
Slide 6: Middle East situation – update and implications
Middle East situation – update and implications OPERATIONAL FINANCIAL T.EN’S TAKE ON GLOBAL OUTLOOK Backlog schedule; est. Logistical challenges Critical role for T.EN in advancing €500 - 600m of revenue and site disruptions. energy security and decarbonization. deferred beyond 2026. Robust contract
Slide 7: Significant order momentum to drive 50% growth in backlog
Significant order momentum to drive 50% growth in backlog DECEMBER 31, 2025 MARCH 31, 2026 MID-2026 BACKLOG TRAJECTORY1 ~€ 16bn >€ 20bn ~€ 24bn Key Q1 awards Full Notice to Proceed for… DSL-01 (SAF), Netherlands Coral Norte, Mozambique Coral Norte, Mozambique NFW, Qatar Commonwealth LNG, US SELECTIV
Slide 8: Establishing a blueprint for circular textiles
establishing a blueprint for circular textiles TECHNOLOGY FEEDSTOCK / OFFTAKE SITE SELECTION FINANCING in Dutch NIKI2 Reju polyester provided to brands for final Advanced discussions with feedstock providers for Pre-selection of 3 sites 135 € m program funding Regeneration Hub 1 and Chemelot, Nether
Slide 9: Financial Highlights
SECTION 2 Financial Highlights BRUNO VIBERT CHIEF FINANCIAL OFFICER Technip Energies – Q1 2026 Results 9
Slide 10: Q1 2026 Financial highlights
Q1 2026 Financial highlights REVENUE RECURRING EBITDA RECURRING EBITDA % € 1.8bn € 149m 8.3% Q1 2025: € 1.9bn Q1 2025: € 162m Q1 2025: 8.7% EPS (DILUTED) FCF CONVERSION1 ORDER INTAKE € 0.48 89% € 6.0bn Q1 2025: € 0.56 Q1 2025: 111% Q1 2025: € 0.7bn Financial information is presented under adjusted I
Slide 11: Segment performance: Project Delivery
Segment performance: Project Delivery Y/Y growth hindered by Middle East situation and foreign exchange RECURRING RECURRING Revenue: Planned activity growth in LNG REVENUE EBITDA EBIT BACKLOG and decarbonization projects in US / Europe, In €m In €m In €m In €m offset by FX (EUR vs USD) and conflict
Slide 12: Segment performance: Technology, Products & Services
Segment performance: Technology, Products & Services Margin expansion more than offsets softer revenue RECURRING RECURRING Revenue: FX headwinds and reduced REVENUE EBITDA EBIT BACKLOG contribution in ethylene largely offset by activity In €m In €m In €m In €m for CO2 capture proprietary product ass
Slide 13: Q1 2026 other key metrics and balance sheet
Q1 2026 other key metrics and balance sheet Corporate costs € 13 million Materially lower Y/Y (-25%). Income Lower Y/Y following trend in global Net financial income € 21 million interest rates. Statement Effective tax rate 28.3 % In line with full-year guidance. Net contract liability € 3.6 billion
Slide 14: Consistent strength in free cash flow generation
Consistent strength in free cash flow generation CASH FLOW BRIDGE • Operating cash flow: €409m; Free cash flow1: €405m, after €273m inflow from working capital In €m and provisions. ✓ Free cash flow, excluding working 273 capital impact: €132m. 39 4,173 ✓ Free cash conversion from Adj. Rec. 132 (115
Slide 15: New conditional 2026 segment guidance
New conditional 2026 segment guidance Guidance assumes 1) the situation in the Middle East normalizes by end of Q2 2026, including a full reopening ASSUMPTIONS of the Strait of Hormuz; and 2) there are no material secondary impacts affecting operations or markets. PROJECT DELIVERY TECHNOLOGY, PRODUC
Slide 16: Conclusion
SECTION 3 Conclusion ARNAUD PIETON CHIEF EXECUTIVE OFFICER Technip Energies – Q1 2026 Results 16
Slide 17: Key takeaways
Key takeaways Resilient results Commercial success Delivering on our strategy • Strong revenue / EBITDA • Q1 26 awards €6bn+ drive • Positioned to serve oil & gas-based despite Middle East impacts backlog to €20bn+, record-high economies and energy importers shifting towards low-carbon • FCF generat
Slide 18: Q1 2026 Results Q&A
Q1 2026 Results Q&A April 30, 2026
Slide 19: Appendix
Appendix 27th February 2025
Slide 20: Backlog schedule
Backlog schedule FULL COMPANY: €20.2 bn €5.4 bn €6.4 bn €8.4 bn 2026 (9M) 2027 2028+ → PROJECT DELIVERY: €18.7 bn €4.6 bn €5.9 bn €8.2 bn 2026 (9M) 2027 2028+ + TECHNOLOGY, PRODUCTS & SERVICES: €1.5 bn €0.8 bn €0.5 bn €0.2 bn 2026 (9M) 2027 2028+ Adjusted backlog at March 31, 2026, has been positive
Slide 21: Key Q1 2026 operational highlights
Key Q1 2026 operational highlights (F)LNG Carbon capture Net Zero Teesside NFE: Utilities are in service and bp Net Zero Teesside Power hydrocarbons introduced in the Project: Piling activities and first process train. foundations cast, marking the start PROJECT of the ramp up of the manpower on DEL
Slide 22: Adjusted statements of income – Q1 2026
Adjusted statements of income – Q1 2026 Financial information is presented under adjusted IFRS (see Appendix 8.0 of Q1 2026 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – Q1 2026 Results 22
Slide 23: Adjusted statements of income: Reconciliation Q1 2026
Adjusted statements of income Reconciliation between IFRS and Adjusted – Q1 2026 Financial information is presented under adjusted IFRS (see Appendix 8.0 of Q1 2026 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – Q1 2026 Results
Slide 24: Adjusted statements of income: Reconciliation Q1 2025
Adjusted statements of income Reconciliation between IFRS and Adjusted – Q1 2025 Financial information is presented under adjusted IFRS (see Appendix 8.0 of Q1 2026 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – Q1 2026 Results
Slide 25: Adjusted statements of financial position
Adjusted statements of financial position Financial information is presented under adjusted IFRS (see Appendix 8.0 of Q1 2026 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – Q1 2026 Results 25
Slide 26: Adjusted statements of cashflows
Adjusted statements of cashflows Financial information is presented under adjusted IFRS (see Appendix 8.0 of Q1 2026 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in appendices. Technip Energies – Q1 2026 Results 26
Slide 27: Differentiated capital structure
Differentiated capital structure Net liquidity, March 31, 2026 (€m) Gross cash / debt, March 31, 2026 (€m) 750 4,923 4,173 4,173 346 Commercial paper & other the Notes1 3,223 604 Cash RCF Liquidity Cash Gross debt Net Rounded numbers • Strong liquidity €4.9 billion, comprised of €4.2 billion gross c
Slide 28: 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, March 31, 2026: €6.5
Slide 29: 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 30: Upcoming investor events
Upcoming investor events 30 April 30 July May June Q1 Results H1 Results 5 May 20 May 9 June 10 June AGM Berenberg European Conference (NYC) CIC London Conference – Frankfurt Roadshow Half day Amsterdam Roadshow (CSSO) ESN New Horizons Conference (CEO) (IR) 6 May 19, 21 May London Roadshow US (Bosto
Slide 31: 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 – Q1 2026 Results 31