Gaztransport & Technigaz (GTT) AGM 2024 summary

Opening remarks and agenda

• Agenda included approval of 2023 annual and consolidated accounts, allocation of results, board renewals, auditor appointments, remuneration policies, and authorizations for share buybacks and capital reduction.

• Strategic focus on technology for a sustainable world and decarbonization of maritime activities.

Financial performance review

• Revenue reached €428M in 2023, up 39% from 2022; EBITDA at €235M (+46%), with a 55% margin.

• Free cash flow rose to €219M (+53%); net profit at €201.4M (+57%).

• Order book at year-end: 311 core business units (€1,815M), 76 LNG fuel units.

• Elogen revenue doubled to €10.1M; EBITDA loss managed at -€19.7M.

• 2024 guidance: revenue €600–640M, EBITDA €345–385M.

Board and executive committee updates

• Board comprised 9 members at end-2023, 78% independent, 55.5% women.

• Jean-Baptiste Choimet appointed CEO from June 12, 2024; Philippe Berterottière remains Chairman.

• Board and committees focused on financial policy, strategy, RSE, risk mapping, and executive recruitment.