Technip Energies Nv

Hello to everyone and welcome to Technip Energy's financial results for the first nine months of 2022. On the call today, our CEO, Arnaud Piaton, and our CFO, Bruno Weber, will present our business and financial highlights as well as the outlook, and this will be followed by Q&A. Before we start, I would urge you to take note of the forward-looking statement on slide two. I will now pass the call over to Arnaud. Thank you, Phil.

and welcome everyone to our financial results presentation for the first time of 2022. Before I discuss the highlights, let me begin with a few words on the very positive market outlook for Technip Energies. The world requires an energy system that balances affordability, availability, and sustainability. As such, there is an urgent need for increased investment and accelerated project development with particular emphasis on natural gas, LNG, and low to zero carbon solutions. And let's not forget the critical need to decarbonize traditional industries, a theme we highlighted on our first half results call alongside key awards in carbon capture. For Technip Energies, this market reality is evidenced by two key trends. First, We see strong TPS order intake in Q3, driving a 60% step change in segment backlog year-over-year, with notable awards in renewable fuels and ethylene. This reinforces the revenue growth trajectory of our highest margin segment. And second, there has been a mature growth in our commercial pipeline for project delivery since we presented our full year outlook in March. with substantial early engagement in energy transition prospects, including LNG, as well as decarbonizing traditional markets. Therefore, we expect a significant improvement in order intake trends over the next 12 to 18 months for our longer cycle segment.

Turning now to the highlights.