Technip Energies (TE) Investor presentation summary

Strategic positioning and business model

• Over 65 years of operation with a global presence in 35 countries and 18,000+ employees.

• Focus on energy and decarbonization infrastructure, leveraging technology and engineering expertise.

• Asset-light model with complementary business lines: project delivery and technology, products & services.

• High recurring EBITDA-to-free cash flow conversion (70–85%) and investment grade rating.

• Broad portfolio supports resilience across business cycles and transition scenarios.

Financial performance and shareholder returns

• 2025 revenue reached €7.2bn (+5% YoY) with recurring EBITDA of €578m and best-in-class margins.

• Free cash flow for 2025 was €578m, with 70–85% EBITDA-to-FCF conversion.

• Total shareholder return (TSR) exceeded 200% since listing, outperforming major indices.

• Proposed 2025 dividend of €1.00/share (+18%), with a €150m share buyback planned for 2026.

• Dividend payout policy targets 25–35% of FCF, with strong balance sheet and €1bn net cash.

Market trends and growth outlook

• Core markets include LNG, ethylene, hydrogen, sustainable fuels, carbon capture, and circularity, all showing strong CAGR through 2040.

• Backlog at March 31, 2026, was €20.2bn, with €8.4bn scheduled for 2028 and beyond.

• Medium-term revenue CAGR target of 5–7%, with high single-digit organic EPS growth.

• New 2026 guidance assumes normalization in the Middle East by Q2 2026; project delivery revenue guided at €5.7–6.3bn.

• Strategic investments in adjacent business models and M&A to drive incremental growth.