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    Guilherme Levy • Morgan Stanley

    Guilherme Levy's questions to Technip Energies NV (THNPY) leadership

    Guilherme Levy's questions to Technip Energies NV (THNPY) leadership • Q1 2025

    Question

    Guilherme Levy of Morgan Stanley questioned the reasons for the increased revenue guidance in the Project Delivery (PD) segment and requested an update on the Argentina LNG projects, including FEEDs, timelines, and execution strategy.

    Answer

    CEO Arnaud Pieton confirmed strong momentum on the Argentina LNG project with YPF, stating the execution plan will be modularized. CFO Bruno Vibert added that the PD guidance was raised due to improved visibility, strong execution on existing projects, and the ramp-up of recent awards, which are firming up the trajectory towards 2028 targets.

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    Guilherme Levy's questions to Technip Energies NV (THNPY) leadership • Q1 2024

    Question

    Guilherme Levy asked about the expected dynamics for working capital in coming quarters, particularly the balance between new awards and existing projects. He also requested an update on the progress of the CORAL FLNG 2 project.

    Answer

    Executive Bruno Vibert explained that while working capital can be lumpy, upcoming awards are expected to provide positive contributions, sustaining the overall capital structure. He advised focusing on cash flow excluding working capital. Executive Arnaud Pieton stated that CORAL FLNG 2 is a key project in the pipeline with early works progressing, though the final investment decision timing rests with the client, Eni.

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