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Q2 2022 Technip Energies Investor Relations Overview
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Q2 2022 - Technip Energies Investor Relations Overview

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Page 1: Q2 2022 - Technip Energies Investor Relations Overview

Q2 2022

Technip Energies

Investor Relations Overview

Page 2: Q2 2022 - Technip Energies Investor Relations Overview

2Technip Energies – IR Overview

DisclaimerThis Presentation is intended for informational purposes only for the shareholders of Technip Energies. This Presentation is not intended for distribution in jurisdictions that

require prior regulatory review and authorization to distribute a Presentation of this nature.

Forward looking statementsThis Presentation contains “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United

States Securities Exchange Act of 1934, as amended. Forward-looking statements usually relate to future events and anticipated revenues, earnings, cash flows or other aspects

of Technip Energies’ operations or operating results. Forward-looking statements are often identified by the words “believe”, “expect”, “anticipate”, “plan”, “intend”, “foresee”,

“should”, “would”, “could”, “may”, “estimate”, “outlook”, and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the

statements are not forward-looking. These forward-looking statements are based on Technip Energies’ current expectations, beliefs and assumptions concerning future

developments and business conditions and their potential effect on Technip Energies. While Technip Energies believes that these forward-looking statements are reasonable as

and when made, there can be no assurance that future developments affecting Technip Energies will be those that Technip Energies anticipates.

All of Technip Energies’ forward-looking statements involve risks and uncertainties (some of which are significant or beyond Technip Energies’ control, such as Russia’s invasion

of Ukraine, the associated sanctions and the impact these will have on our and/or our customers' activities conducted in or related to Russia) and assumptions that could cause

actual results to differ materially from Technip Energies’ historical experience and Technip Energies’ present expectations or projections. Should one or more of these risks or

uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements.

For information regarding known material factors that could cause actual results to differ from projected results, please see Technip Energies’ risk factors set forth in Technip

Energies’ filings with the U.S. Securities and Exchange Commission, including its 2021 Form 20-F filed on March 25, 2022.

Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. Technip Energies undertakes no duty to and will not

necessarily update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law.

Page 3: Q2 2022 - Technip Energies Investor Relations Overview

3Technip Energies – H1 2021 Results

Technip Energies at a glance

Page 4: Q2 2022 - Technip Energies Investor Relations Overview

4Technip Energies – IR Overview

A leading E&T company for the Energy TransitionWhy invest in Technip Energies

• Leadership1 in LNG, H2 & ethylene

• Growing in blue and green H2, sustainable chemistry & CO2

management

Strong positioning

Relevant capabilities

• Global project delivery partner – with local expertise, smart

energy engineers and trusted execution

• Extensive and evolving technology portfolio – ability to

integrate & scale up technologies

Financially robust

• Extensive backlog & pipeline, strong revenue visibility with

margin expansion potential

• Asset light with strong balance sheet – early cash conversion,

high ROIC2 potential and dividend commitment

1World leader in LNG - based on delivery of over 20% of operating LNG capacity. Percentage is based on operating capacity delivered by Technip Energies / total industry

operating capacity; source: IHS; Market leader position based on installed base of hydrogen plants; World leader in ethylene - based on the number of ethylene production

facilities awarded or technology licences selected since 2010; source IHS.2Return on invested capital calculated as: NOPAT (Net Operating Profit After Tax) / Invested Equity (Equity + Financial Debt excl. IFRS 16 lease).

Page 5: Q2 2022 - Technip Energies Investor Relations Overview

5Technip Energies – IR Overview

€15.6B3

Backlog

TEEuronext Paris listing ticker

ADRs for US investors

€6.7B1

Revenue

BBB-Investment grade rating4

~15,000Employees in 34 countries

ParisHeadquarters (the Netherlands

incorporated)

60+Years of operations

A leading E&T2 company

for the Energy Transition

At a glance

Financial information is presented under Adjusted IFRS (see Appendix 8.0 of Q1 2022 Results Release). Reconciliation of IFRS to non-IFRS financial measures are

provided in Appendix 1.0, 2.0, 3.0.1 Revenue for 12-months ending December 31, 2021, included approximately 35% associated with projects under execution in Russia.2 Engineering & Technology3 Adjusted backlog as of March 31, 2022, included approximately €3.4 billion associated with projects under execution in Russia.4 Rating evaluation of S&P Global: BBB-, Outlook Stable & A-3 short-term rating, as of March 11, 2022.

€0.45/shProposed dividend for 2021

Page 6: Q2 2022 - Technip Energies Investor Relations Overview

6Technip Energies – IR Overview

Projects Delivery

€5.4B1 revenue

A diversified provider of projects, technologies, products and services

Our business

Technology, Products & Services

€1.3B1 revenue

Financial information is presented under Adjusted IFRS (see Appendix 8.0 of Q1 2022 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in

Appendix 1.0, 2.0, 3.0.1 Revenue for 12-months ending December 31, 2021, included approximately 35% associated with projects under execution in Russia.

• Engineering and project management expertise

• Technology integration on complex projects

• Diverse commercial strategies, selective model

• Process technologies and proprietary products

• Concept, feasibility, FEED, studies and licensing

• Advisory and consultancy enabled by digital

Page 7: Q2 2022 - Technip Energies Investor Relations Overview

7Technip Energies – IR Overview

Strong track record in delivering sustainable products and solutions

Energy Transition is our business

Strategic flexibility – 'architect mindset'

meeting customer needs from energy source

to end-use.

• Feedstock agnostic – outstanding energy

molecule transformation capabilities.

• Technology-driven – integrate complex

technologies, including proprietary, to meet

project specificities and economic hurdles.

Exceptional execution – proven operating

model, highly applicable to sustainable

energy solutions.

1CCUS: Carbon Capture, Utilization and Storage.

LNGOnshore and offshore

liquefaction

DecarbonizationEnergy efficiency, Blue

hydrogen, CCUS1

Carbon-free

energy solutionsGreen hydrogen, offshore wind, nuclear

Sustainable

chemistryBiofuels, biochemicals,

circular economy

Page 8: Q2 2022 - Technip Energies Investor Relations Overview

8Technip Energies – IR Overview

Intellectual property portfolio expansion

Proprietary technology and innovation platformsA leading portfolio of process technologies; bringing external / internal energies together

2012 2021

+ 1,500

patents

Sustainable

Chemistry

Zimmer

acquisition

Badger

portfolio

+ 3,000

patents+100%

Incubating &

developing

technologies

Weymouth

R&D center

Frankfurt

R&D center

Scale-up of

breakthrough

technologies

Working with

institutions on

R&D

Page 9: Q2 2022 - Technip Energies Investor Relations Overview

9Technip Energies – IR Overview

Ensures quality backlog, de-risked execution & consistent performance

Disciplined commercial approach reduces risk

Known Partners & Geography

Work with who you know, and

where you know

Technology Mastery

Intimate understanding of

technology, proprietary or partners

Early engagement

Evaluate technical cost; identify key

project risks and mitigation strategies

Alignment with ESG1 Roadmap

Integrated into business strategy;

targeting work consistent with roadmap

T.EN

Selectivity

Criteria

T.EN

Ground

Rules& De-risked procurement

Minimize exposure to market fluctuations;

back-to-back supply chain commitments,

embedded escalation / indexation clauses

Contracting strategy

Reflects risk / reward specificities of each

project; reimbursable, lump-sum, hybrid,

convertible models

Involvement from inception

A condition when targeting large EPC with

lump-sum content

Rigorous project management

Constant monitoring through monthly

Project Reviews, supported by culture of

transparency

1 Environment, Social and Governance.

Page 10: Q2 2022 - Technip Energies Investor Relations Overview

10Technip Energies – H1 2021 Results

Q1 2022 highlights

Page 11: Q2 2022 - Technip Energies Investor Relations Overview

11Technip Energies – IR Overview

0.6Book-to-bill, TTM3

Q1 2022 Financial Highlights

Robust Q1 Performance

€107mAdjusted Recurring EBIT1

€72mAdjusted Net profit2

€1.6bnAdjusted Revenue1

€3.3bnAdjusted Net cash

€0.6bnAdjusted Order Intake

Financial information is presented under Adjusted IFRS (see Appendix 8.0 of Q1 2022 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided

in Appendix 1.0, 2.0, 3.0.1 Adjusted Revenue and Adjusted Recurring EBIT includes €445.4m and €22.2m respectively from projects under execution in Russia.2 Net profit attributable to Technip Energies Group.3 Trailing 12 months.

Page 12: Q2 2022 - Technip Energies Investor Relations Overview

12Technip Energies – IR Overview

5668

20

22

0

10

20

30

40

50

60

70

80

90

100

Q1 2021 Q1 2022

687844

565

445

0

200

400

600

800

1 000

1 200

1 400

Q1 2021 Q1 2022

Improving performance of underlying business

Projects Delivery

• Significant Y/Y growth in portfolio

outside of Russia as projects ramp up.

• Strong execution and maturing portfolio

delivering increased Y/Y margins.

• Key Q1 win: Significant Melamine plant

for PETRONAS; TTM book-to-bill

impacted by Qatar NFE falling out.

+X%

Revenuein € Million

12,311,0

4,3

3,4

3,0

7,0

11,0

15,0

Q1 2021 Q1 2022

3%

EBIT in € Million

19%

Financial information is presented under Adjusted IFRS (see Appendix 8.0 of Q1 2022 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided

in Appendix 1.0, 2.0, 3.0.1 Trailing 12 months.

0.5Book-to-Bill,

TTM1

Backlogin € Billion

EBIT margin

7.0%

-13%

6.1%

Project under execution in Russia

Page 13: Q2 2022 - Technip Energies Investor Relations Overview

13Technip Energies – IR Overview

26

30

Q1 2021 Q1 2022

Solid Y/Y growth and margin improvement

Technology, Products & Services

305

329

Q1 2021 Q1 2022

+X%

1 1761 205

Q1 2021 Q1 2022

• Growth led by engineering and PMC

services.

• Margin benefiting from higher activity

levels, notably in PMC, and advisory

services performed by Genesis.

• Solid order momentum; keeping

pace with revenue growth.

Revenuein € Million

8% 2%

EBIT in € Million

17%

Backlogin € Million

1.0Book-to-Bill,

TTM1

8.5%

9.2%

EBIT margin

Financial information is presented under Adjusted IFRS (see Appendix 8.0 of Q1 2022 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided

in Appendix 1.0, 2.0, 3.0. 1 Trailing 12 months.

Page 14: Q2 2022 - Technip Energies Investor Relations Overview

14Technip Energies – IR Overview

Other key metrics and balance sheet

Corporate costs

R&D

Effective tax rate

Goodwill

Net cash

Net contract liability

€12.8 million Includes FX impact of €(4.6) million.

Significantly higher Y/Y; spend focused on energy

transition strategy.

In line with financial framework for 2022.

Updated test confirms no impairment required.

Enabled by strong free cash flow.

Increased in line with net cash vs FY 2021 position.

Balance

Sheet

€11.1 million

28.9%

€2.1 billion

€3.3 billion

€3.2 billion

Income

Statement

Financial information is presented under Adjusted IFRS (see Appendix 8.0 of Q1 2022 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided

in Appendix 1.0, 2.0, 3.0.

Page 15: Q2 2022 - Technip Energies Investor Relations Overview

15Technip Energies – IR Overview

Robust Free Cash Flow strengthens cash position

Cashflow bridge in € Million

Financial information is presented under Adjusted IFRS (see Appendix 8.0 of Q1 2022 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in

Appendix 1.0, 2.0, 3.0.1 Free cash flow is calculated as cash provided by operating activities of €194.1 million less capital expenditures, net, of €8.8 million.

• Free Cash Flow1 of €185 million, reflects strong operational

performance and €86 million working capital benefit.

• Net of working capital, Free Cash Flow of €99 million.

• Other notable cash flow items include:

• Repayment of short-term debt and leases of €70 million.

• Share repurchases of €25 million (include share

repurchase from TechnipFMC).

Page 16: Q2 2022 - Technip Energies Investor Relations Overview

16Technip Energies – H1 2021 Results

Option 2

Outlook

Page 17: Q2 2022 - Technip Energies Investor Relations Overview

17Technip Energies – IR Overview

2022 Financial Framework

Revenues

€5.0 - 5.5bn

EBIT marginEffective

tax rate

28 - 32%

Financial information is presented under Adjusted IFRS (see Appendix 8.0 of Q1 2022 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided

in Appendix 1.0, 2.0, 3.0.

At least 6.5%

Excludes estimated contribution from

projects under execution in Russia

Excludes estimated EBIT contribution from

projects under execution in Russia

Page 18: Q2 2022 - Technip Energies Investor Relations Overview

18Technip Energies – IR Overview

Energy Transition contracts1

secured in FY 2021

The importance of selectivity in a changing energy environment

Continued momentum in commercial outlook

• Substantial pipeline of conventional

market opportunities

• Commercial strategy centred on

Energy Transition, including LNG

1 Contracts” include concept and feasibility studies, FEEDs, EPC and services projects.

• Strong Y/Y momentum in Energy

Transition contract awards

• Majority of prospects remain in

concept and study phase

• FID inflection point in 2022;

Acceleration in 2023+

• Driving opportunities in Project

Delivery and TPS

Total commercial pipeline, ex Russia2022 / 23

>€60Bn

Energy transition, ex LNG, ex Russia Commercial pipeline, 2022 / 23

~€8Bn

Energy

Transition,

inc LNG

Traditional

markets

Sustainable

Chemistry

Decarbonization

Carbon Free

>150+45% vs 2020

Page 19: Q2 2022 - Technip Energies Investor Relations Overview

19Technip Energies – IR Overview

Filling supply gap sooner; the “need for speed”

• Europe urgently requires reliable long-term supply of natural gas.

• Europe currently imports ~130Mtpa2 via pipeline from Russia.

• Any reduction in pipeline supply to Europe will mostly be compensated with

LNG.

• Middle East and Americas best positioned to respond.

T.EN to enable fast track LNG development

• Selectively target and execute traditional large train export terminals.

• Leverage SnapLNG™.

• Seize FLNG opportunities as they become viable.

Decarbonization agenda remains strong

• Low emission and fully electrified zero carbon LNG production.

• Brownfield opportunities to debottleneck and decarbonize.

LNG has become critical for energy security Acceleration in new LNG capacity required with a geographic shift in future supply

1 Based on Technip Energies estimates derived from IHS / S&P Global. Includes approximately 130Mtpa currently under construction.2 Europe imported 175bcm of Russian pipeline gas in 2019 (last full year pre-Covid19), equivalent to ~130Mtpa based on a conversion factor of 0.735 Mtpa/bcm. Source Cedigaz; bp.

2021 nameplate capacity

2030e nameplate capacity

2030

Estimated new LNG

capacity required

+210Mtpa1

Americas

Australia

Africa

APAC

Russia

Middle East

187104101 164

11359

9388

7365

?30

Page 20: Q2 2022 - Technip Energies Investor Relations Overview

20Technip Energies – IR Overview

Investing and partnering to drive energy transition

• Investment and strategic partnership with Hy2gen.

• A Green H2 Design – Build – Own and Operate (DBOO) company.

• Large pipeline of projects producing Green H2-based fuels.

• Deep technological knowledge; technology agnostic approach.

• A new business model for Technip Energies to capture and retain

value.

• Equity model with access to project development.

• Operating model: preferred rights on services / projects.

• Process technology to produce MEG3 from corn for renewable plastics.

• Strengthens Technip Energies circularity portfolio.

1 FOW: Floating Offshore Wind.2 LCOE: Levelized Cost Of Energy.3 MEG: Mono-ethylene glycol.

• Investment in next-generation FOW1 technology.

• Develop mass manufacturable, competitive structure to lower LCOE2.

• Strengthen FOW positioning with a pioneering technology.

Deliver on ESG

roadmapRetain ValuePromote services

Technip Energies forging its path in the energy transition

Expand technology

portfolio

Strengthen R&D and

innovation

Page 21: Q2 2022 - Technip Energies Investor Relations Overview

21Technip Energies – H1 2021 Results

Option 2

Environment, Social& Governance

Page 22: Q2 2022 - Technip Energies Investor Relations Overview

22Technip Energies – IR Overview

Page 23: Q2 2022 - Technip Energies Investor Relations Overview

23Technip Energies – IR Overview

-30% Scope 1 & 2

by 2025

25% Women in

leadership

by 2025

50%Women hiring

on graduate

intake

40% Women on

the Board

by 2024

Supply Chain

ESG Council

ESGROADMAP

Highlights

Net Zero 1 & 2

by 2030

100% R&D to Energy

Transition

And many more…

Zero Non-mandatory

CI1 by 2025

Human Rights

Management

System

1 CI: Commercial Intermediaries2 25% of the Annual Bonus Performance and 25% of Performance Stock for the CEO, ExCom and all eligible employees

25% Compensation

ESG-linked2

Global Core

Benefits

Committed to

SBTi

100%ESG Suppliers

Qualification

Page 24: Q2 2022 - Technip Energies Investor Relations Overview

24Technip Energies – H1 2021 Results

Option 2

Appendix

Page 25: Q2 2022 - Technip Energies Investor Relations Overview

25Technip Energies – IR Overview

ES

G S

co

rec

ard

Pillar Target Target

Reduce Scope 1 & 2 emissions compared to 2019 -30% by 2025

Net Zero scope 1 & 2 Net Zero by 2030

Data centers zero carbon footprint certified 100% by 2025

Report full scope 3 emissions Complete by 2023

R&D budget allocation to our Energy Transition Pillars 100% by 2025

Main entities ISO 14001 certified 100% by 2025

Water consumed on sites from reused sources 50% by 2025

Waste valorized 85% by 2025

Women hiring on yearly graduate intake 50% yearly

Women in leadership positions 25% by 2025

Main countries2 have local diversity action plan 100% by 2025

Eligible construction sites with BBS program 100% by 2025

Entities complying with our new core benefits standard worldwide > 90% by 2025

Employees participating in the ESG learning > 90% by 2022

International Graduate Program dedicated to Energy Transition Done by 2023

Women on the Board of Directors 40% by 20241

Link compensation to ESG Roadmap performance annually Complete yearly

Yearly ABC training for all at risk functions and gatekeepers >90% yearly

Continued reduction of non-mandatory commercial intermediaries -100% by 2025

Supplier and subcontractor qualification integrates ESG criteria 100% by 2023

Key suppliers and subcontractors monitored and audited on ESG performance 100% by 2025

Eligible projects with Human Rights Management System 100% by 2025

Volunteering hours 30,000 by 2025

Completed 2021

63%

21.3%

75%

-8%

68%

1 Technip Energies consider all targets to be achieved and completed by the end of the year committed. With the exception, the 40% of Women on the

Board of Directors is planned to be achieved and reported on or before the Company’s 2024 AGM.2 France, India, Italy, USA, UAE, Malaysia, Spain, United Kingdom, Netherlands, Colombia

ESGSCORECARD

18.8 kt CO2eq

12%

50%

75%

14,360

2021 Status Target1

50%

30%

Pillar Ambition

Page 26: Q2 2022 - Technip Energies Investor Relations Overview

26Technip Energies – IR Overview

Backlog schedule

€12,220.9m

€3,928.4m

€4,640.1m

€3,652.5m

2022

(9M)

2023

2024+

Total

Backlog

Adjusted backlog at March 31, 2022, included approximately €3.4 billion associated with projects under execution in Russia.

Backlog from projects under

execution in Russia

€3,411.5m

Page 27: Q2 2022 - Technip Energies Investor Relations Overview

27Technip Energies – IR Overview

303288

393

354

431

0255075

100125150175200225250275300325350375400425450475

FY 2017 FY 2018 FY 2019 FY 2020 FY 2021

5 242

4 467

5 530

6 015

6 667

2 300

2 800

3 300

3 800

4 300

4 800

5 300

5 800

6 300

6 800

7 300

FY 2017 FY 2018 FY 2019 FY 2020 FY 2021

Financial performance – a long-term perspective

Financial information is presented under an adjusted IFRS framework, which records Technip Energies’ proportionate share of equity affiliates and restates the share related

to non-controlling interests (see Appendix 9.0 of FY 2021 Results Release), and excludes restructuring expenses, merger and integration costs, and litigation costs. 1 Adjusted recurring EBIT: adjusted profit before net financial expense and income taxes adjusted for items considered as non-recurring.2 Backlog comprises secured & confirmed orders from customers which will generate future revenues with a high probability.

EBIT margin

4,7

7,4

15,9

12,7

16,4

3,0

7,0

11,0

15,0

FY 2017 FY 2018 FY 2019 FY 2020 FY 2021

+X%

Adjusted Revenuein € Million

11%Vs 2020

Adjusted Recurring

EBIT1

in € Million

22%Vs 2020

Adjusted Backlog2

in € Billion

29%Vs 2020

6.5%

5.9%

7.1%

6.4%

5.8%

Page 28: Q2 2022 - Technip Energies Investor Relations Overview

28Technip Energies – IR Overview

Consistency in financial performance drives high returns on invested capital

Capital allocation – a flexible framework

13% 12%14%

0

2

4

6

8

10

12

14

16

2019A 2020A 2021A

SHAREHOLDER DIVIDEND

Intent to pay a dividend annually that is sustainable with potential for

growth over time. 2021: €0.45/sh2.

INVESTMENTS

Deploying capital to capture energy transition technologies /

opportunities, and associated business models.

BALANCE SHEET STRENGTHENING

Allowing utilization of excess cash flow to strengthen balance sheet

and reserves.

Sustainable high ROIC1

Balance sheet

strengthening

1Return on invested capital calculated as: NOPAT (Net Operating Profit After Tax) / Invested Equity (Equity + Financial Debt excl. IFRS 16 lease). Equity & financial debt based on target opening

capital structure for 2019/20 and IFRS adjusted actual figures for 2021. 2019/20/21 NOPAT based on IFRS adjusted actual figures.

Balanced

capital

allocation

Page 29: Q2 2022 - Technip Energies Investor Relations Overview

29Technip Energies – IR Overview

3,928 595

3,292

41

Cash Gross Debt Net Cash

Differentiated capital structure

2022 Q1 Liquidity in € Million

3,928

750

30

4,648

Cash RCF OutstandingCommercial

Paper

Liquidity, net

Commercial Paper

& Other

the Notes1

Financial information is presented under Adjusted IFRS (see Appendix 8.0 of Q1 2022 Results Release). Reconciliation of IFRS to non-IFRS financial measures are provided in

Appendix 1.0, 2.0, 3.0.1 1.125% senior unsecured notes due 2028; €594 million reflects the €600 million Notes net of fees and redemption premium.

2022 Q1 Net cashin € Million

• Robust liquidity position comprising of €3.9 billion of gross

cash plus €720 million available capacity under the RCF;

net of €30 million outstanding commercial paper.

• Strong net cash position of € 3.3 billion.

• Short-term debt accounts for 6.4% of total.

Page 30: Q2 2022 - Technip Energies Investor Relations Overview

30Technip Energies – IR Overview

w

Industry-leading solutions for blue hydrogen

Full suite of deeply-decarbonized

solutions for blue hydrogen

Up to 99% reduction in CO2

• Compared to traditional hydrogen production

• Highly-efficient carbon avoidance and CCUS1

techniques

Proprietary Technology• Recuperative reforming through TPR®2 and

EARTH®3

• Enhanced SMR4

• Achieves complete steam balance & reduced carbon footprint

In-house technical expertise• Heat integration & high efficiency

• DeepShift - Deep carbon shifting

• Tailored product purification

Lowest Levelized Cost of Hydrogen (LCOH)• Maximum hydrogen yield

• Minimum energy demand (fuel + power)

Key geographic basins• North Sea

• Russia

• North America

• Middle East

Flexible applications• Facilitating clean energy carriers

• Decarbonization of LNG, steel, cement, power, chemicals, etc.

1 Carbon capture, utilization and storage.2 Technip Parallel Reformer.3 Enhanced Annular Reactor Tubes for Hydrogen.4 Steam Methane Reformer.

SMR with CO2 Removal

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31Technip Energies – 9M 2021 Results

Clean Hydrogen - a rapidly evolving market

First PEM1 electrolyzer project secured• EPCC contract for India’s largest PEM based hydrogen project for NTPC.

• 5MW Hydrogen Generation Plant utilizing PEM electrolysis.

• Potential to convert to a large-scale green hydrogen facility.

accessible

opportunities globally

>20GWPositioning for long-term growth with relevant expertise

• Single-point systems integrator with standardized digital solutions. Modular solutions:

leveraging modular expertise in design and integration.

• McPhy: strategic investment & technology agreement; jointly pursuing commercial

opportunities.

• Technology agnostic: importance of agility and partnerships as industry evolves.

T.EN at forefront of technology integration and scale-up

• 7x increase in Green Hydrogen

project engagement year-on-year.

• 15+ Green Hydrogen studies

completed or ongoing.

• Regional concentration:

Europe, India and APAC,

supported by policy drive;

Longer-term potential in North

America, Middle East.

1 Proton Exchange Membrane.31Technip Energies – IR Overview

Page 32: Q2 2022 - Technip Energies Investor Relations Overview

32Technip Energies – IR Overview

Creating value across the downstream value chain

A diversified and innovative downstream offering

Smart revamps for

feedstock flexibility

and HSES upgrades

Digitally-enabled

process monitoring,

lifecycle services

Emission reductions

through efficiency

gains and beyond

Optimize

production, refining /

petchem integration

>40% ethylene licensing

market share1

>200modernization &

revamping engagements

>45 grassroot ethylene plants

>30 large refineries

>350 fertilizer facilities

Differentiated offering

1Based on the number of ethylene production facilities awarded or technology licences selected since 2010; source IHS.

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33Technip Energies – IR Overview

Display our unique capabilities through advisory and project management consulting

Enhance our high value services to customers

Transforming

project economics

Proprietary tools

Ultra Front End

SuiteTM, Gen-CATTM

Project Management Consultancy (PMC)Advisory services

Best-in-class project

management competence

Support customers to achieve

investment and safety goals

Fully integrate

with customer teams

De-risk execution from

technology selection to delivery

1.5Mmhrs

+3Mmhrs

0

0,5

1

1,5

2

2,5

3

2012 2019 Mid-term

x2

targetTwo streams:

Oil & Gas, Energy

Transition

Advising customers

towards net zero

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34Technip Energies – IR Overview

Positioning in growth markets

Technology driven approach

for a better tomorrow

Bio-fuels Circular economyBio-chemistry

• Technology integration

Intimate understanding of Neste’s

NEXBTL

• Technology enabling

Hummingbird® selected by

LanzaTech for SAF1

• Technology development

IBM and Under Armour JV

for PET2

• Technology commercialisation

Synova's plastic waste-to-olefins

• Technology integration

UPM Biochemicals; Europe’s

largest biorefinery

• Technology enabling

Epicerol© selected by Meghmani

Finechem

1 Sustainable Aviation Fuel.2 Polyethylene terephthalate

Sustainable Chemistry

Page 35: Q2 2022 - Technip Energies Investor Relations Overview

35Technip Energies – IR Overview

The experience, IP and know-how to be a leading player

Floating Offshore Wind – our capabilities

1 GWEC - Global Offshore Wind Report 2020.

• Capacity to industrialize and

mass fabricate at favourable economics

• State-of-the-art software and

simulation tools to optimize full windfarm

• Life-of-field services offering

including digital twin

Digitally-enabled

and scalable offering

• Global leader in floating solutions –

No. of naval architects ~50

• Scalable INO 12MW proprietary floater –

basic design approval received from DNV

• X1 Wind investment - innovative & disruptive floater

with major operational & environmental benefits

Relevant expertise and

technology position

• Dedicated BU created; EPCI and Services commercial models

• PMC business securing services work, active pursuit of several other opportunities

• Significant opportunity: ~6GW of capacity to be commissioned by 20301

Flexible commercial models for a high growth market

Page 36: Q2 2022 - Technip Energies Investor Relations Overview

36Technip Energies – IR Overview

Peers landscape

Projects Delivery Technology, Products & Services

LNG

E&C players Engineering consultancy

Technology portfolio

Energy transition pure players

Page 37: Q2 2022 - Technip Energies Investor Relations Overview

37Technip Energies – IR Overview

Stock information and ADRStock

Listed on Euronext Paris / SBF 120 index

Ticker code: TE / ISIN code: NL0014559478

ADR program

Exchange: Over-the-Counter

Ratio: 1 ADR : 1 ORD

• DR ISIN: US87854Y1091

• Symbol: THNPY

• CUSIP number: 87854Y109

• American Depositary Receipt (ADR) Program:

Sponsored Level I

• Sponsor of ADR program:

J.P. Morgan Chase Bank, N.A.

• For further information:

https://www.adr.com/drprofile/87854Y109

Market Cap at March 31, 2021: €2.1 billion

Free float: 136.4 million / Outstanding shares: 179.8 million

Source: Thomson Reuters Eikon.

Volume Share price €

0

2

4

6

8

10

12

14

16

0

400 000

800 000

1 200 000

1 600 000

2 000 000

5-day average Close

Page 38: Q2 2022 - Technip Energies Investor Relations Overview

38Technip Energies – IR Overview

37,5%

27,4%

14,4%

15,7%

4,9%

Continental

Europe

Rest of World

47,4%

21,4%

16,9%

7,2%

7,2%

Other incl.

hedge funds

Strategic

shareholders2

Institutional InvestorsRegional split

Equity Split – pro-forma view1

As a % of Shares Outstanding

North

America

France

A diversified shareholder structureA geographically diverse shareholder base forming

1 Source: IHS Markit shareholder analysis as of December 31, 2021. Pro-forma view reflects shareholder structure post completion of HAL Investments B.V’s acquisition of 3.6 million

shares and bpifrance Participations SA’s acquisition of 3.6 million shares. These transactions settled on January 14, 2022.2 Includes stock held by Bpifrance, HAL Investments B.V, IFP Energies Nouvelles, and members of the Board.3 As disclosed in TechnipFMC’s Q1 2022 Results release: TechnipFMC completed sale of remaining stake in Technip Energies in April 2022.

Retail

Institutional

(long only)UK &

Ireland

TechnipFMC3

• HAL / bpifrance increase stake to 11.8% / 8.9% respectively1

• TechnipFMC stake now reduced to zero3

• Well-diversified across key geographies

Page 39: Q2 2022 - Technip Energies Investor Relations Overview

Investor Relations

Phillip Lindsay

Vice President, Investor Relations

Tel: +44 20 7585 5051

[email protected]

Investor Relations

Corentin Cargouet

Investor Relations

Tel: +33 1 85 67 70 94

[email protected]