Sign in

    Richard Dawson • Berenberg

    Richard Dawson's questions to Technip Energies NV (THNPY) leadership

    Richard Dawson's questions to Technip Energies NV (THNPY) leadership • Q1 2025

    Question

    Richard Dawson of Berenberg asked about the potential for project completion contingencies to support margins and questioned the reasons for the commercial pipeline decreasing slightly from the previous quarter.

    Answer

    CEO Arnaud Pieton explained the commercial pipeline's reduction from €75 billion to €70 billion was primarily due to converting major prospects like Net Zero Teesside and CFI into backlog. CFO Bruno Vibert added that the margin impact from the ramp-up of new, early-stage projects currently outweighs the benefit from projects reaching completion, aligning with the full-year guidance.

    Ask Fintool Equity Research AI

    Richard Dawson's questions to Technip Energies NV (THNPY) leadership • Q1 2024

    Question

    Richard Dawson asked about the balance between customer cost discipline and contractor bidding discipline in the LNG market, referencing the delayed Papua New Guinea LNG project. He also sought details on the $200 million DOE funding for the LanzaTech sustainable ethylene project.

    Answer

    Executive Arnaud Pieton explained that while the PNG project was delayed, recent awards for Marsa and Ruwais prove Technip Energies' ability to deliver viable projects profitably. On the DOE funding for a CO2-to-ethylene plant, he stated the total investment would likely be north of $400 million. An FID is expected later, with potential revenue contributions in late 2025 or 2026.

    Ask Fintool Equity Research AI