Maire (MAIRE) investor relations material

Business model and positioning

• Nextchem sells proprietary low-carbon and circular technologies in 12–18-month cycles; Tecnimont delivers integrated E&C services on 3–4-year cycles, providing complementary growth and revenue visibility.

• The integrated model spans feasibility through commissioning, with MET Development supporting selected equity initiatives, financing, permits, grants and industrial partnerships.

• The asset-light, people-driven model combines broad process-design capabilities, complex-project experience and AI-enabled operational improvement.

Markets and technology portfolio

• Installed energy capacity is projected to rise from 10.2 TW in 2024 to ~20 TW in 2035; the strategy emphasizes a pragmatic multi-source energy mix shaped by regional needs.

• At 30 Sep 2026, Nextchem had 80+ market-ready technologies, 50+ proprietary solutions, ~1,200 employees and €786m backlog.

• Growth platforms span fertilizers, low-carbon fuels, recycling, critical materials and nuclear; Ballestra expanded fertilizer and inorganic chemistry offerings, while ETEK added precious-metals recovery.

• The MEAB acquisition was announced for €8.0m consideration, with closing expected in Q4 2026; its separation and purification technologies broaden critical-materials capabilities.

9M 2026 performance and execution

• Group revenue was €5,636.7m, up 7.7% YoY; EBITDA was €414.3m, up 15.7%, with a 7.4% margin; net income was €243.0m, up 18.6%.

• Nextchem revenue reached €476.3m, up 54.0% YoY, and EBITDA €113.2m, up 41.0%; Tecnimont revenue was €5,160.4m, up 4.8%, and EBITDA €301.1m, up 8.4%.

• Group backlog reached €16.4bn at 30 Sep 2026, including €265m from Ballestra; 9M book-to-bill was 1.6x, backlog cover 2.2x and sustainability-related order intake exceeded 13%.

• Major awards included a $4.3bn UAE rich-gas EPC project, a $2.3bn Saudi water-injection EPC project and a €1.3bn integrated fertilizer project in Argentina.

• Hail and Ghasha construction was ~80% complete at 30 Sep 2026; alternative routing and ~2,800 container deliveries supported execution amid reduced Strait of Hormuz operability.