Technip Energies Capital Markets Day – The Creation of a Leading Engineering & Technology Company for the Energy Transition

Rhea-AI Summary

TechnipFMC (NYSE:FTI) has announced plans to list shares of Technip Energies on Euronext Paris. This follows the company's strategy to separate into two independent publicly traded companies. The spin-off aims to be completed in Q1 2021, pending regulatory approvals. A virtual Capital Markets Day is scheduled to discuss the separation details, with a webcast available on TechnipFMC's investor relations site. CEO Arnaud Pieton emphasized Technip Energies' strong position in the energy transition market, especially in LNG and hydrogen, highlighting revenue visibility and growth potential.

Positive

• Technip Energies is positioned as a leader in the energy transition market.
• Strong revenue visibility and medium-term margin expansion potential noted by CEO.
• Asset light business model and strong balance sheet support growth ambitions.

Negative

• None.

Regulatory News:

TechnipFMC (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982):

ADVERTISEMENT. This announcement is an advertisement relating to the intention of the Company (as defined below) to proceed with the listing and admission of shares in Technip Energies (the "Shares") on Euronext Paris (the "Listing"). This announcement does not constitute a prospectus.

If and when the Listing is launched, further details about the Listing will be included in a prospectus to be published by the Company in relation to the Listing (the "Prospectus"). Once the Prospectus has been approved by the Netherlands Authority for the Financial Markets (Stichting Autoriteit Financiële Markten) (the “AFM”) and passported to the Autorité des marchés financiers, the Prospectus will be published and made available at no cost through the corporate website of the Company (www.technipenergies.com). Any potential investor should make their investment solely on the basis of information that will be contained in the Prospectus. Potential investors should read the Prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the Shares. The approval of the Prospectus by the AFM should not be understood as an endorsement of the quality of the Shares and the Company (as defined below).

Technip Energies (the “Company”) will today host its virtual Capital Markets Day in connection with TechnipFMC's previously announced plan to separate into two industry-leading independent, publicly traded companies: TechnipFMC and Technip Energies. The transaction is expected to be structured as a spin-off of a majority stake in TechnipFMC’s Technip Energies segment. The separation is expected to be completed in the first quarter of 2021, subject to customary conditions and regulatory approvals.

The virtual Capital Markets Day will be held today at 14:00 CET. A live webcast and an accompanying presentation will be available in the Investor Relations section of TechnipFMC’s website at www.technipfmc.com.

Arnaud Pieton, Chief Executive Officer of Technip Energies, stated, “​Technip Energies is a leading engineering and technology company for the energy transition. We have world leading market positions in LNG, ethylene and hydrogen, and we are central to powerful energy transition themes – from decarbonization to carbon-free solutions – to meet today’s and tomorrow’s energy challenges. We have growing positions on break-through technologies in green hydrogen, sustainable chemistry and CO₂ management. Today, our extensive backlog and a breadth of commercial opportunities provide strong revenue visibility and medium-term margin expansion potential. Our asset light business and strong balance sheet provide a solid platform to support our growth ambitions and high return-on-invested capital through the cycle. Ultimately, we aim to be the reference investment platform for the Energy Transition.”

Technip Energies is one of the world’s largest Engineering and Technology (E&T) companies. With its broad offering of project capabilities, technologies, produc

FAQ

What is the purpose of TechnipFMC's announcement regarding Technip Energies?

The announcement details the intention to list shares of Technip Energies on Euronext Paris as part of a separation plan.

When is the expected completion date for TechnipFMC's separation into two companies?

The separation is expected to be completed in the first quarter of 2021, subject to regulatory approvals.

What market position does Technip Energies hold after the spin-off?

Technip Energies is positioned as a leading engineering and technology company focused on the energy transition.

Where can I find the webcast for TechnipFMC's Capital Markets Day?

The webcast will be available in the Investor Relations section of TechnipFMC's website.

What key themes is Technip Energies focusing on for growth?

Technip Energies is focusing on decarbonization, green hydrogen, sustainable chemistry, and CO2 management.