Technip Energies Nv (THNPF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Technip Energy's financial results for the first half of 2025. On the call today, our CEO, Arnaud Piertan, will discuss our H1 performance and business highlights. This will be followed by our CFO, Bruno Weber, who will provide more details on our financials. Arnaud will then return for the outlook and conclusion before opening for questions. Before we start, I would urge you to take note of the forward-looking statements on slide three. I will now pass the call over to Arnaud. Thank you, Phil, and welcome everyone to our first half results presentation. I am pleased to begin with the key highlights. We delivered significant growth of 15% in revenue and 13% in EBITDA compared to the prior year. We also generated robust free cash flows that exceeded 300 million euros. This strong outcome reflects the sustained momentum in our project delivery business, complemented by the successful execution of proprietary product installations within our TPS segment technology product and services. Our ongoing strategic focus on expanding our process technology and proprietary equipment portfolio will, over time, sustain these enhanced margins and reinforce our market leadership. Our consistent results despite a complex macroeconomic environment, reflect the quality and dedication of our teams, who excel at delivering across our portfolio. On the commercial front, momentum in the second quarter improved versus the first, most notably due to a major project delivery award for the world's largest low-carbon ammonia facility for CF industries in the US. This has contributed to our backlog, which at period end stood at 18 billion euros, equivalent to 2.6 times our 2024 revenues. This underpins the strength and sustainability of our business. Turning now to our execu...