Gaztransport & Technigaz Sa · EURONEXT:GTT
Gaztransport & Technigaz Sa — Q1 2025 Earnings Presentation
15 slides from Gaztransport & Technigaz Sa's earnings presentation, Apr 17, 2025
Slide 1: Q1 2025 Activity update
Q1 2025 Activity update TECHNOLOGY FOR A SUSTAINABLE WORLD 17 April 2025
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 2025 key highlights
Q1 2025 key highlights Q1 group revenue Innovation • €191m, up 32% year-on-year • With 66 patents filed in 2024, GTT remains a leading innovation • Mostly driven by newbuilds player among French companies, securing the 23rd position in the INPI ranking • In April, GTT Strategic Ventures announced a
Slide 4: Q1 2025 orderbook: solid level ensuring strong visibility
Q1 2025 orderbook: solid level ensuring strong visibility Order book Dec. 2024 Q1 2025 new orders Q1 2025 deliveries Order book March 2025 LNGC 306 +9 (23) 292 VLEC/ULEC 16 +7 - 21 FSRU/FSU 3 - - 3 FLNG 2 - - 2 Onshore 5 - - 5 +16 (23) GTT order book movements (core business) 332 325 Order book Dec.
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 2040 S/D Gap 165-210 Mtpa BP Current Trajectory CENTRAL Shell 2025 SCENARIOS (2024 in dotted line) Wood Mackenzie CAGR 2024-2030: c.5.7% IEA Stated Policies NET ZERO COMMITMENT SCENARIOS(1) BP Net Zero Sources: BP
Slide 6: Upcoming LNG FIDs: decisions expected in 2025-2026
Upcoming LNG FIDs: decisions expected in 2025-2026 LNG PROJECT 1 COUNTRY OPERATOR VOLUME (Mtpa) Contracted (SPA) Comments Genting FLNG Indonesia Genting 1.2 Equity Opt out clause of $100m, construction started Woodfibre Canada West Pacific O&G 2.1 > 90% Construction started Qatar North Field West Qa
Slide 7: Q1 2025: consolidated revenue
Q1 2025: consolidated revenue Q1 2025 KEY HIGHLIGHTS in €m Q1 2024 Q1 2025 Change (%) Total revenue growth (+32% y-o-y) Total revenue 144.8 190.5 +31.6% Revenue from newbuilds (royalties): Newbuilds 133.2 180.5 +35.6% • €180.5 million, +36% vs Q1 2024 % of revenue 92% 95% • Revenues from LNGCs and E
Slide 8: 2025 outlook confirmed
2025 outlook confirmed Revenue 2025 consolidated revenue estimated in a range of €750m to €800m EBITDA 2025 consolidated EBITDA estimated in a range of €490m to €540m Dividend 2025 dividend payout of at least 80% of consolidated net income Payment(1) Note: In the absence of any significant delays or
Slide 9: Q&A
Q&A 9
Slide 10: Q1 2025 Activity update
Q1 2025 Activity update TECHNOLOGY FOR A SUSTAINABLE WORLD 17 April 2025
Slide 11: Appendices
Appendices
Slide 12: GTT's strategic roadmap: towards a low-carbon future
GTT’s strategic roadmap: towards a low-carbon future Venture capital • 8 minority interests Transformation • Gas management Digital services technologies • Energy optimisation • Carbon capture • Emissions monitoring • Electrolysers • Operational excellence Core services • Consulting • Intervention s
Slide 13: An attractive business model supporting high cash generation
An attractive business model supporting high cash generation INVOICING AND REVENUE RECOGNITION • Revenue is recognized pro-rata temporis between % of contract (1) construction milestones c. 9 to12 months c. 18 months Delivery 10000 studies royalties • Cash collection: − Initial payment collected fro
Slide 14: 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 15: Q1 2025 Activity update
Q1 2025 Activity update TECHNOLOGY FOR A SUSTAINABLE WORLD 17 April 2025
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