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    GTT   FR0011726835

GAZTRANSPORT & TECHNIGAZ

(GTT)
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Real-time Euronext Paris  -  11:35:28 2023-02-03 am EST
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01/26Gaztransport & Technigaz : GTT entrusted by Dalian Shipbuilding Industry with the tank design of two new LNG Carriers
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Gaztransport & Technigaz : Third Quarter 2022 Activity Update - Presentation

10/27/2022 | 11:57am EST

Q3 2022

Activity Update

TECHNOLOGY FOR A SUSTAINABLE WORLD

1

27•10•2022

DISCLAIMER

This presentation does not contain or constitute an offer of securities for sale or an invitation or inducement to invest in securities in France, the United States or any other jurisdiction.

It includes only summary information and does not purport to be comprehensive. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the accuracy, completeness or correctness of the information or opinions contained in this presentation. None of GTT or any of its affiliates, directors, officers and employees shall bear any liability (in negligence or otherwise) for any loss arising from any use of this presentation or its contents.

GTT is under no obligation to update the information contained in this presentation.

The market data and certain industry forecasts included in this presentation were obtained from internal surveys, estimates, reports and studies, where appropriate, as well as external market research, including Poten & Partners, Wood Mackenzie and Clarkson Research Services Limited, publicly available information and industry publications. GTT, its affiliates, shareholders, directors, officers, advisors and employees have not independently verified the accuracy of any such market data and industry forecasts and make no representations or warranties in relation thereto. Such data and forecasts are included herein for information purposes only.

Any forward-looking statements contained herein are based on current GTT's expectations, beliefs, objectives, assumptions and projections regarding present and

future business strategies and the distribution environment in which GTT operates, and any other matters that are not historical fact. Forward-looking statements are not guarantees of future performances and are subject to various risks, uncertainties and other factors, many of which are difficult to predict and generally beyond the control of GTT and its shareholders. Actual results, performance or achievements, or industry results or other events, could materially differ from those expressed in, or implied or projected by, these forward-looking statements. For a detailed description of these risks and uncertainties, please refer to the section "Risk Factors" of the Document d'Enregistrement Universel ("Universal Registration Document") registered by GTT with the Autorité des Marchés Financiers ("AMF") on April 25, 2022 and the half-yearly financial report released on July 28, 2022, which are available on the AMF's website at www.amf-france.org and on GTT's website at www.gtt.fr . GTT does not undertake any obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise after the date of this document, unless required by law or any applicable regulation.

The forward-looking statements contained in this presentation are made as at the date of this presentation, unless another time is specified in relation to them. GTT disclaims any intent or obligation to update any forward-looking statements contained in this presentation. By attending this presentation and/or accepting this document you agree to be bound by the foregoing limitations.

2

Q3 2022 Activity update - 27/10/2022

Q3 2022 Key highlights

Orders and revenues

  • Core business: 134 LNGCs ordered in 9M 2022
  • LNG as fuel: 42 orders in 9M 2022
  • 9M 2022 revenues: €222.0 million, -7.5%
    Q3 2022 revenues: €77.8 million, +4.1%

Market

New TALA signed with 2 additional Chinese shipyards: Yangzijiang and CMHI(1). Total of 5 active shipyards in China.

Capital structure

Engie further stake reduction, keeping a 15% shareholding (incl. 10% linked to an exchangeable bond with a May 2024 maturity)

(1) China Merchants Heavy Industries

Innovation

New milestones achieved in Q3:

  • AiPs for the containment system and the basic design of a LH2 vessel
  • AiP for the design of a LNG-fuelled & "NH3 ready" Very Large Crude Carrier
  • AiP for the new "POWER" digital solution
  • 2 AiPs for the three-tank LNGC concept

Elogen

Subsidies up to €86 million from the French State to develop Elogen's Gigafactory project and strengthen its R&D

3

Q3 2022 Activity update - 27/10/2022

9M 2022 orderbook: a new record of orders

Order book FY 2021

Sept. 2022 new orders

Sept. 2022 deliveries

Order book 30 Sept. 2022

LNGC

137

+134

(21)

250

VLEC

6

-

(4)

2

FSRU

0

-

-

0

FSU

2

-

-

2

FLNG

1

-

(1)

0

Onshore Storage

12

-

-

12

GBS

3

-

-

3

GTT order book movements

134

(26)

*

269*

(core business)

161

Order book FY 2021

Sept. 2022 new orders

Sept. 2022 deliveries

Order book 30 Sept. 2022

LNG as Fuel

32

+42

(4)

70

4

Q3 2022 Activity update - 27/10/2022

LNG demand: strongly rising in Europe

2021-22 EXPECTED LNG DEMAND EVOLUTION

140

+42

120

100

-16

Mtpa

80

+1

60

=

40

-2

20

0

Europe

Japan

China

Korea

India

European volumes to increase by 55% in 2022

  • To substitute Russian piped gas
  • Mainly fed by rerouting of Chinese volumes / new LNG supply

Chinese volumes decreasing in 2022, but mid term outlook remaining strong

• Covid and high LNG prices have hit demand in 2022

In October 2022, Chinese authorities have asked

National Companies to keep LNG cargoes for

domestic use during winter

As a reminder, China has set a long term objective

Source: WoodMackenzie

2021 2022e

for decarbonisation

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

GTT – Gaztransport & Technigaz SA published this content on 27 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2022 15:56:06 UTC.


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