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Q2 2021 Technip Energies Investor Relations Overview
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Page 1: Q2 2021 Technip Energies

Q2 2021

Technip EnergiesInvestor Relations Overview

Page 2: Q2 2021 Technip Energies

2Technip Energies – IR Overview

Disclaimer

Forward looking statementsThis document 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) 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, which

include amendment no. 4 to Technip Energies’ registration statement on Form F1 filed on February 11, 2021.

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 2021 Technip Energies

3Technip Energies – IR Overview

Technip Energies at a glance

Page 4: Q2 2021 Technip Energies

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 as of December 2019; 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 2021 Technip Energies

5Technip Energies – IR Overview

Forming Technip EnergiesKey transaction highlights

January 7

Announce

resumption of

activities toward

separation

January 28 February 23 February 26 March 30February 16

Successful stock market

listing

TechnipFMC shareholding

reduced to ~31% on 26 AprilAccelerated deal

closing

Capital Markets

Day

First day of

trading on

Euronext Paris

First day of

OTC1 trading in

ADRs

FY 2020

Results

Bpifrance2

investment

1Over-the-counter2Bpifrance acquired additional shares in Technip Energies from TechnipFMC in an amount of USD100 Million.

April 26

TechnipFMC

accelerated

book-build

Page 6: Q2 2021 Technip Energies

6Technip Energies – IR Overview

€17.8B3

Backlog

TEEuronext Paris listing ticker

ADRs for US investors

€6B1

Revenue

60+Years of operations

BBBInvestment grade rating4

~15,000Employees in 34 countries

ParisHeadquarters

The NetherlandsIncorporated

A leading E&T2 company

for the Energy Transition

At a glance

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 Q1 2021 Results Release), and excludes restructuring expenses, merger and integration costs, and litigation costs.1Revenue for 12-months ending December 31, 20202Engineering & Technology3Backlog position as of March 31, 2021. Backlog comprises secured & confirmed orders from customers which will generate future revenues with a high probability.4Rating evaluation of S&P Global: BBB rating, negative outlook.

Page 7: Q2 2021 Technip Energies

7Technip Energies – IR Overview

• 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

Projects Delivery

€5.0B1 revenue

A diversified provider of projects, technologies, products and services

Our business

Technology, Products & Services

€1.1B1 revenue

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 Q1 2021 Results Release), and excludes restructuring expenses, merger and integration costs, and litigation costs.1Revenue for 12-months ending December 31, 2020.

Page 8: Q2 2021 Technip Energies

8Technip Energies – IR Overview

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.

Strong track record in delivering sustainable products and solutions

Energy Transition is our business

LNGOnshore and offshore

liquefaction

DecarbonizationEnergy efficiency, Blue

hydrogen, CCUS1

Carbon-free

energy solutionsGreen hydrogen, offshore wind,

nuclear

Sustainable chemistryBiofuels, biochemicals, circular

economy

Page 9: Q2 2021 Technip Energies

9Technip Energies – IR Overview

Intellectual property portfolio expansion

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

2012 2020

+ 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 10: Q2 2021 Technip Energies

10Technip Energies – IR Overview

Energy transition is our business

• Deliver low-carbon technologies, solutions and projects

• Establish carbon footprint reduction targets for Scope 1, 2 & 3

• Minimize waste generation and water consumption; expand circularity

Valuing People is our priority

• Promote a culture of fair representation, diversity and inclusion

• Promote workplace well-being, with focus on mental and physical health

• Energize and collaborate with the communities where we live and work

Acting responsibly is our standard

• Accountability at CEO and Board-level; ESG-linked remuneration

• Ensure continuous improvement in HSE across Company

• Embed robust ethics & compliance culture across Company and supply chain

Making a better tomorrow

Our ESG pledge for a sustainable future

• Code of business conduct

• HSE and D&I policies

Today

• Launch Sustainability

Roadmap

• Integrate into business

strategy

First year

• Annual Sustainability

Report and scorecard

Every year

ESG Ambitions

• Launch Sustainability Roadmap

• Integrate into business strategy

First year

• Annual Sustainability Report and

scorecard

Every year

Today

• Code of business conduct, HSE

and D&I policies

• Committed to UN Global Compact

and UN SDGs

Page 11: Q2 2021 Technip Energies

11Technip Energies – IR Overview

Q1 2021 highlights

Page 12: Q2 2021 Technip Energies

12Technip Energies – IR Overview

Q1 2021 Financial Highlights

Robust start to 2021; confirming full year guidance

5.9%EBIT margin1

€44mAdjusted Net profit2

€1.6bnAdjusted Revenue

€2.5bnNet cash

€6.5bnOrder Intake

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 Q1 2021 Results Release), and excludes restructuring expenses, merger and integration costs, and litigation costs. 1Adjusted recurring EBIT: adjusted profit before net financial expense and income taxes adjusted for items considered as non-recurring.2Net profit attributable to Technip Energies Group.3Backlog comprises secured & confirmed orders from customers which will generate future revenues with a high probability.

€18bnAdjusted Backlog3

Page 13: Q2 2021 Technip Energies

13Technip Energies – IR Overview

11%

40%

49%

Providing strong medium-term revenue visibility

A strengthened backlog

Backlog maturity per date of entry

19%

9%

30%

33%

10%

28%

7%

18%16%

32%

Q1 2021

~ €18bn 2018

~ €7bn

Backlog by geography in %

2020 &

Q1 2021

2019

2018 & earlier

Russia

Middle East

Americas

Europe & AfricaAsia Pacific

• Strong backlog growth; geographically diversified

• Early engagement strategy on all major projects

• Only 11% awarded before 2019

• >70% Energy Transition, inc. LNG

Backlog comprises secured & confirmed orders from customers which will generate future revenues with a high probability.

Page 14: Q2 2021 Technip Energies

14Technip Energies – IR Overview

101

76

0

20

40

60

80

100

120

Q1 2020 Q1 2021

1,2601,252

1,000

1,050

1,100

1,150

1,200

1,250

1,300

Q1 2020 Q1 2021

Resilient performance, substantial backlog growth

Projects Delivery

• Stable revenues Y/Y; low contribution

from major awards in Q420 and Q121

• Expected margin decline; lower project

completions and early phasing

• Strong Y/Y backlog growth; major LNG

and downstream awards

+X%

Revenuein € Million

13.1

16.6

3.0

7.0

11.0

15.0

Q120 Q121

-1% +27%

EBIT1

in € Million

-25%

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 Q1 2021 Results Release), and excludes restructuring expenses, merger and integration costs, and litigation costs. 1Adjusted recurring EBIT: adjusted profit before net financial expense and income taxes adjusted for items considered as non-recurring.2Backlog comprises secured & confirmed orders from customers which will generate future revenues with a high probability.3TTM: trailing 12 months.

1.8Book-to-Bill,

TTM3

Backlog2

in € Billion

EBIT margin

8.0%

6.1%

Page 15: Q2 2021 Technip Energies

15Technip Energies – IR Overview

11

26

0

5

10

15

20

25

30

Q1 2020 Q1 2021

Solid Y/Y growth and margin improvement

Technology, Products & Services

280

305

0

50

100

150

200

250

300

Q1 2020 Q1 2021

+X%

1,151 1,176

200.0

300.0

400.0

500.0

600.0

700.0

800.0

900.0

1000.0

1100.0

1200.0

Q120 Q121

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 Q1 2021 Results Release), and excludes restructuring expenses, merger and integration costs, and litigation costs. 1Adjusted recurring EBIT: adjusted profit before net financial expense and income taxes adjusted for items considered as non-recurring.2Backlog comprises secured & confirmed orders from customers which will generate future revenues with a high probability.3TTM: trailing 12 months.

• Revenues benefit from growth in PMC

and solid orders for Loading Systems

• Margin expansion; positive mix with

growth in Product sales and services.

• Resilient backlog Y/Y

Revenuein € Million

+9% +2%

EBIT1

in € Million

+132%

Backlog2

in € Million

1.0Book-to-Bill,

TTM3

4.0%

8.5%

EBIT margin

Page 16: Q2 2021 Technip Energies

16Technip Energies – IR Overview

Balance sheet strength and focus on costs

Solid foundation for future returns

Corporate costs

Effective tax rate

Non-recurring items

Net cash

Net contract liability

Total invested equity

€10 million Slightly below anticipated quarterly run-rate

In line with full year guidance

Largely associated with Spin-off

Benefiting from strong free cash flow

Stable versus 2020 year-end position

After contribution to TechnipFMC

Balance

sheet

33.7%

€27 million

€2.5 billion

€2.7 billion

€1.3 billion

Other P&L

items

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 Q1 2021 Results Release), and excludes restructuring expenses, merger and integration costs, and litigation costs.

Page 17: Q2 2021 Technip Energies

17Technip Energies – IR Overview

Strong cashflow generation

Cashflow bridge in € Million

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 Q1 2021 Results Release), and excludes restructuring expenses, merger and integration costs, and litigation costs. 1The Separation and Distribution Agreement relates to certain transactions which were carried out in the execution of the spin-off of Technip Energies resulting notably in cash transfers

between Technip Energies and TechnipFMC as well as some contributions.2Free cash flow is calculated as cash provided by operating activities of €279.8 less capital expenditures, net, of €8 million.

• Bridge reflects impact of

Separation and Distribution Agreement1

• Cash from operations benefit from

project working capital inflows

• Free cash flow2: €272 million; low capex

reflects asset light business model

Page 18: Q2 2021 Technip Energies

18Technip Energies – IR Overview

Outlook

Page 19: Q2 2021 Technip Energies

19Technip Energies – IR Overview

Leveraging capabilities to meet customer needs and energy transition challenges

Significant and diversified market opportunity set

Traditional marketsLNG, downstream2 and

offshore

Growth marketsHydrogen, Sustainable

Chemistry, CO2 management

Adjacent markets Carbon-free portfolio

expansion, services and other

industries

>€70B

Annual addressable

market1

>€15B

>€15B

1-5%

CAGR

5-15%

CAGR

KEY DRIVERS

Global need to reduce

CO2 emissions

GDP growth

Population growth

Government energy

policies evolution

End-user needs

Mid-term trend1

5-15%

CAGR

BA

SE

G

RO

WT

HU

PS

IDE

1Technip Energies estimates derived from IEA, IHS, Woodmac, Rystad and Hydrogen Council. 2 Defined as refining, processing, petrochemicals and fertilizers.

Page 20: Q2 2021 Technip Energies

20Technip Energies – IR Overview

Fueling

Growth markets

• Blue hydrogen, CO2 management,

Sustainable Chemistry

• Industry collaboration and innovation to

deliver economic solutions

Strongly influencing

Traditional markets

• LNG, downstream &

petrochemical

• Key solutions: hydrogen, CCS,

energy efficiency

Rising to the decarbonization challengeGrowth market solutions for traditional markets

Why Technip Energies is relevantTechnology integration skills

Unique combination of LNG, hydrogen, renewables and CCUS expertise

Accelerating

decarbonization

Page 21: Q2 2021 Technip Energies

21Technip Energies – IR Overview

23%

9%

37%

32%

80%

20%

Energy Transition contractsby project phase, 2020 – Q1 2021

Strong engagement in major growth markets

Positioning in Energy Transition

• Strong momentum in Energy

Transition contract awards

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

Energy Transition contracts By end market, 2020 – Q1 2021

EPC phase

Concept

studies /

FEED

phase

Sustainable

Chemistry

LNG

Carbon Free

Energies

Decarbonization

• Majority of prospects remain in

concept and study phase

• Notable activity in LNG, bio-fuels,

bio-chemistry, hydrogen and CCUS

Energy Transition contracts1

secured 2020 – Q1 2021

>100

Page 22: Q2 2021 Technip Energies

22Technip Energies – IR Overview

Confidence in our outlook

2021 Guidance

Revenues

€6.5 - 7.0bn

EBIT margin1

(exc. one-off cost of €30m)

5.5% - 6.0%5.5% - 6.0%

Effective

tax rate

30 - 35%

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 Q1 2021 Results Release), and excludes restructuring expenses, merger and integration costs, and litigation costs.

Additional guidance items include: (1) Yamal net contract liability reduction of €150 – 200m; and (2) depreciation and amortization expense of approximately €100m.1Adjusted recurring EBIT: adjusted profit before net financial expense and income taxes adjusted for items considered as non-recurring.

Page 23: Q2 2021 Technip Energies

23Technip Energies – IR Overview

10%

15%

2019 MEDIUM-TERM> 100 bps

potential

Medium-term margin potential

Cost

optimization

Technology &

Mix effect

Project maturity,

execution & risk mitigation

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

controlling interests. 1Adjusted recurring EBIT: adjusted profit before net financial expense and income taxes adjusted for items considered as non-recurring.

Medium term

EBIT1 margin

2020 EBIT1

margin

Investment focused on growth while improving margins

A clear path to increased profitability

Cost optimization

20% lower SG&A despite

higher absolute R&D spend

5.9%

2019A Medium Term

Page 24: Q2 2021 Technip Energies

24Technip Energies – IR Overview

13% 12%12-15%

02468101214161820

2019A 2020A 2021E

• Asset light, low capital

intensity

• Strong through-cycle free

cash flow generation

• Solid balance sheet

Consistent dividend policy

Subject to Board approval:

• Target to pay annual

dividend in 2022; initially

aimed at a minimum of 30%

of 2021 Net profit

Consistency in financial performance drives high returns on invested capital

Capital allocation focused on strong balance sheet

Sustainable high ROIC1

Balance sheet

strengthening &

reserves

Balanced

capital

allocation

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. 2019/20 NOPAT based on IFRS adjusted actual figures and 2021 based on implied [min;max] outlook presented.

Page 25: Q2 2021 Technip Energies

25Technip Energies – IR Overview

Appendix

Page 26: Q2 2021 Technip Energies

26Technip Energies – IR Overview

Aligning ESG performance with management compensation

Accountability at CEO and Board-level

Leadership team remuneration metrics

Financial

& ESG KPIsPerformance

Stock

Individual

targets

Financial and ESG KPIs implemented in H1 2021

Annual

performance

bonus

Long-term

incentives

Restricted

Stock9

• Board Continuity –

5 non-executive

directors joined from

TechnipFMC Board

• Independent non-

executive Chairman

Joseph Rinaldi

• CEO Arnaud Pieton

3• Audit

• Compensation

• ESG

Directors

Committees

Page 27: Q2 2021 Technip Energies

27Technip Energies – IR Overview

Peers landscape

Energy transition pure players

E&C players

Projects Delivery Technology, Products & Services

Engineering consultancy

Technology portfolioLNG

Page 28: Q2 2021 Technip Energies

28Technip Energies – IR Overview

Backlog schedule

€17,805m

€5,129m

€6,900m

€5,776m2021

(9M)

2022

2023+

Total

Backlog

Backlog as of Q1 2021, comprises secured & confirmed orders from customers which will generate future revenues with a high probability.

Page 29: Q2 2021 Technip Energies

29Technip Energies – IR Overview

Early

Engagement1 Technologies2 Known

partners

Known

geography

NOVATEK - ARCTIC LNG 2

BAPCO - BMP REFINERY

MIDOR - REFINERY EXPANSION

BP - TORTUE FPSO

LONG SON PETROCHEMICALS

ENI - CORAL FLNG

NESTE - SINGAPORE EXPANSION

ANOPC - ASSIUT REFINERY

QATAR PETROLEUM – NFE

ENERGEAN - KARISH FPSO

SEMPRA - ENERGIA COSTA AZUL

Project list consists of Technip Energies top ongoing projects by value as of March 31, 2021.1Technip Energies has performed FEED or Pre-FEED study on the project.2Technip Energies’ proprietary technology or alliance partner technology.

Risk

mitigation

Project selectivity - key to delivering solid operational and financial performance

Disciplined commercial approach

Page 30: Q2 2021 Technip Energies

30Technip Energies – IR Overview

288

393354

6.4%

7.1%

5.9%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

-30

20

70

120

170

220

270

320

370

420

470

2018 2019 2020

3.3

4.35.0

1.1

1.2

1.1

0.0

1.0

2.0

3.0

4.0

5.0

6.0

2018 2019 2020

Projects Delivery Technology, Products & Services

Selectivity and execution driving robust margins

Delivering industry leading performance

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 Q1 2021 Results Release), and excludes restructuring expenses, merger and integration costs, and litigation costs. 1Adjusted recurring EBIT: adjusted profit before net financial expense and income taxes adjusted for items considered as non-recurring.2Backlog comprises secured & confirmed orders from customers which will generate future revenues with a high probability.3TTM: trailing 12 months.

Revenuein € Billion

EBIT1

in € Million

Backlog2

in € Billion

6.5

15.0

11.6

16.61.0

1.0

1.1

1.2

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

18.0

2018 2019 2020 Q1 2021

Page 31: Q2 2021 Technip Energies

31Technip Energies – IR Overview

• Non-linear margin recognition; conservative recognition

in early stages of a project

• Gross margin recognition subject to:

• Project specificities

• Milestones and project maturity

• Risk evaluation & mitigation

• Risk assessment model built over 60 years of project

execution experience

Time

Gro

ss m

arg

in r

eco

gn

itio

n

Recognition on a typical project Key drivers

A prudent approach to gross margin recognition

Financial principles – gross margin recognition

Page 32: Q2 2021 Technip Energies

32Technip Energies – IR Overview

Time

Net Cash Flow

Typical project cash flows

Financial principles - project cash flow curveKey business objective - a positive cash position through project lifecycle

Cash

flo

ws

• Bidding principle - net cash flow positive throughout

the project lifecycle

• Project execution with a resolute cash management

focus

• Early cash conversion of earnings - negative

working capital due to advance and milestone

payments

Key drivers

Page 33: Q2 2021 Technip Energies

33Technip Energies – IR Overview

Net contract liability includes future earnings already cashed-in

Cash flow conversion of earnings through NCL

88%

12%

Net contract liability (NCL)

As of March 31, 2021 Yamal illustration

Vendor

(Cost)

Reduction in contract liabilities: €37 millionDecember 31, 2020 to March 31, 2021

Payments to Vendors or Technip Energies

Continued strong execution and

plant performance will reduce

project cost, increasing Technip

Energies profit

• NCL corresponds to future project costs and profits already

cashed-in

• NCL eliminated by milestone achievement; execution enables

contingency releases

€2.7

Billion NCL

ex-Yamal

Yamal contract

liabilities

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 Q1 2021 Results Release), and excludes restructuring expenses, merger and integration costs, and litigation costs.

Page 34: Q2 2021 Technip Energies

34Technip Energies – IR Overview

3,199

620

2,471

108

1,000

1,500

2,000

2,500

3,000

3,500

Cash Gross Debt Net Cash

Capital structure at Q1 2021

Strong liquidity in € Million

• €3.9 billion liquidity incl. €3.2 billion of cash

• Commercial paper fully backstopped by the RCF

• €620 million of bridge loan drawn at Spin-off

• BBB/A-2’ investment grade rating confirmed by

S&P Global after Spin-off

3,199

750

98

3,851

Cash RCF OutstandingCommercial

Paper & Other

Liquidity, net

Commercial Paper

& Other

Bridge to Bond

Significant net cashin € Million

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 Q1 2021 Results Release), and excludes restructuring expenses, merger and integration costs, and litigation costs.

Page 35: Q2 2021 Technip Energies

35Technip Energies – IR Overview

Highly competitive offering to address significant market opportunity

Base - pioneer downstream and gas evolution

T – Technology, EE Early Engagement, Project Delivery, Products and Services

Technip Energies annual addressable market estimates derived from IEA, IHS, Woodmac and Rystad. 1Provided front-end engineering for the Fischer Tropsch section of more than 60% of Gas to Liquids capacity worldwide.2Delivered three out of only four FLNG units ever built.3World leader in ethylene - based on the number of ethylene production facilities awarded or technology licences selected since 2010; source IHS.

Offshore

€10-15BAnnual

addressable

market

• A world leader in

Floating LNG2

• Pioneer in gas FPSO

T EE P S

LNG & gas

monetization

€10-15BAnnual

addressable

market

• A world leader in LNG

and GTL1

• Proprietary

technologies for gas

processing and natural

gas liquids

T EE P S

Downstream

€40-45BAnnual

addressable

market

• A world leader in

ethylene3

• Proprietary technology

and equipment

provider in

petrochemicals

T EE P S

T EE P S

Page 36: Q2 2021 Technip Energies

36Technip Energies – IR Overview

Onshore

modularization

Floating LNG

Pioneering LNG innovations

105Mtpa

Global production delivered

7.8Mtpa

World’s largest LNG trains

delivered2

>20%Of operating LNG capacity1

Mid-scale LNG

Low-to-zero carbon

LNG

1Percentage equal to operating capacity delivered by Technip Energies as a percentage of IHS aggregated industry operating capacity as of December 2019.2Six AP-X mega-trains of 7.8Mtpa built between 2004 and 2010.

An onshore & floating LNG leader

An LNG leader and pioneer with 50+ year track record

Page 37: Q2 2021 Technip Energies

37Technip Energies – IR Overview

Providing cleaner solutions for brownfield and greenfield LNG projects

Low-to-zero carbon LNG

CO2 from

feedstock

CO2 from

gas turbines

CO2 and

methane

leaks

Unique combination of LNG, hydrogen, renewables and CCUS expertise

• Compression of CO2

• Dehydration of CO2

75%of emissions occur

during pre-treatment

and liquefaction within

LNG value chain1

• Increase process & power generation efficiency

• Fuel gas decarbonization through H2 substitution and/or CCUS

• Power generation with CCUS or renewables

• Venting / flaring reduction

• Minimize fugitive emissions

• Minimize water use, wastes and sludges

Our solutions

1Technip Energies estimates.

Page 38: Q2 2021 Technip Energies

38Technip Energies – IR Overview

Leader in offshore LNG

High value module approach

• Pioneer and leader in FLNG and

near-shore LNG

• Optimizing economics through

megamoduleTM concept

• Harsh environment and yard

management expertise

Modular approach for new projects and

existing infrastructure revamps:

• Gas processing

• Utilities management

• Unmanned options

• Decarbonization enablers

Bridging customer needs for decarbonized, economical offshore solutions

Extensive offshore expertise and track record

Upstream process

Lay out &

modularization

HSE design

Weight & center of

gravity managementTransport and

installation

50+ years of

distinctive

offshore

capabilities

Page 39: Q2 2021 Technip Energies

39Technip 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.

Page 40: Q2 2021 Technip Energies

40Technip Energies – IR Overview

Unlocking the energy chains of tomorrow

Growth - accelerate the energy transition

T – Technology, EE Early Engagement, P – Project Delivery, S – Products and Services.

Technip Energies annual addressable market estimates derived from IEA, IHS, Hydrogen Council and Technip Energies estimates.1Market leader position based on installed base of hydrogen plants.

€5-10BAnnual

addressable

market

Hydrogen

• A world leader1 with

>270 plants delivered

(>35% of installed

base)

• Recognized partner of

choice (Air Products,

McPhy)

T EE P

€5-10BAnnual

addressable

market

Sustainable chemistry

• Key proprietary

technologies in

biochemicals and

biofuels

• Notable alliances such

as with Neste, PLAnet

T EE P

€1-5BAnnual

addressable

market

• >50 references for CO2

removal solutions

• Strategic alliance with

Shell CANSOLV® on

CO2 capture

T EE P

CO2 management

T EE P S

Page 41: Q2 2021 Technip Energies

41Technip Energies – IR Overview

From refinery commodity to energy transition enabler

A hydrogen leader ready to tackle new megatrend

1Market leader position based on installed base of hydrogen plants.2Global investment in hydrogen production.

Chart source: world hydrogen demand data derived from Hydrogen Council and IEA estimates.

€90B

CAPEX2

Mtp

a

Extensive

references; >270

plants

Global alliances

and member of

Hydrogen Council

50 years of core

competence

Proprietary steam

reformer technology

#1 in hydrogen1

with >35% installed

base

Blue: ~15% CAGR

Green: ~20% CAGR

-

100

200

300

400

500

600

2020 2025 2030 2035 2040 2045 2050

Page 42: Q2 2021 Technip Energies

42Technip 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 43: Q2 2021 Technip Energies

43Technip Energies – IR Overview

Energy

efficiency

CCUS

Efficiency increase solutions

• Increase efficiency of proprietary and alliance

technologies and equipment

• Decarbonize existing assets (e.g. electrification)

Carbon capture, utilization and storage solutions

• Develop affordable and scalable capture solutions

• Enable permanent sequestration and utilization of CO2

Digital

advisory

services

Gen-CATTM – proprietary carbon assessment tool

• Assessment of direct / indirect emissions throughout

entire project lifecycle

• Enable customers to make carbon-conscious choices

Delivering innovative solutions to fulfill customer low-carbon ambitions

CO2 management throughout project lifecycle

Early

engagementTechnology

OperationsProject

execution

Delivering

carbon reduction

strategies

Page 44: Q2 2021 Technip Energies

44Technip Energies – IR Overview

Upside - leverage capabilities to expand opportunity setBring core capabilities to attractive new markets

Energy transition

• Offshore wind

• Offshore hydrogen

• Offshore CO2 hub

€1-5BAnnual

addressable

market

T EE P S

Services

• Advisory & consulting

• Project Management

Consultancy

• Digital plant performance

improvement

€5-10BAnnual

addressable

market

T EE S

Industries

• Life sciences

• Metals & Nuclear

• Agritech

€5-10BAnnual

addressable

market

T EE P S

T EE P STechnology, Early Engagement, Project Delivery, Products and Services.

Technip Energies annual addressable market estimates derived Technip Energies estimates.

Page 45: Q2 2021 Technip Energies

45Technip Energies – IR Overview

Bridging offshore wind and hydrogen transformation to unlock new possibilities

Positioning in offshore electron to hydrogen

Hydrogen as a clean energy carrierIntegration capabilities – from electron to

hydrogen molecule, and offshore to onshore

Ensure stable supply in remote areas

Feed maritime and industries with

hydrogen hubs in ports

Integrating offshore, hydrogen process and architecture design capabilities

Differentiated design and execution capabilities

– leverage 50+ years of offshore experience

Page 46: Q2 2021 Technip Energies

46Technip Energies – IR Overview

Display our unique capabilities through advisory and project management consulting

Enhance our high value services to customers

Advising

customers

towards net zero

Transforming

project

economics

Proprietary tools

Ultra Front End

SuiteTM, Gen-

CATTM

Two streams:

Oil & Gas, Energy

Transition

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

target

Page 47: Q2 2021 Technip Energies

47Technip 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 ChaseBank, N.A.

• For further information:

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

Volume Share price €

0

2

4

6

8

10

12

14

16

0

1,000,000

2,000,000

3,000,000

4,000,000

5,000,000

6,000,000

7,000,000

8,000,000

9,000,000

10,000,000

Volume High Low Close

Market Cap at March 31, 2021: €2.3 billion

Free float: 90.1 million / Outstanding shares: 179.8 million

Source: Thomson Reuters Eikon

Page 48: Q2 2021 Technip Energies

Investor Relations

Phillip Lindsay

Vice President, Investor Relations

Tel: +44 20 3429 3929

[email protected]


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