Technip Energies NV (THNPY) CEO Arnaud Pieton on Q2 2022 Results - Earnings Call Transcript

Jul. 30, 2022 11:30 PM ETTechnip Energies N.V. (THNPY), THNPF
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Technip Energies NV (OTCPK:THNPY) Q2 2022 Earnings Conference Call July 28, 2022 7:00 AM ET

Company Participants

Phillip Lindsay - VP, IR

Arnaud Pieton - CEO

Bruno Vibert - CFO

Conference Call Participants

Bertrand Hodee - Kepler Cheuvreux

James Thompson - JPMorgan Chase & Co.

Katherine O’Sullivan - Citigroup

Sasikanth Chilukuru - Morgan Stanley

Operator

Good afternoon. This is the conference operator. Welcome, and thank you for joining the Technip Energies Half Year 2022 Results Conference Call and Webcast. [Operator Instructions].

At this time, I would like to turn the conference over to Mr. Phillip Lindsay, Head of Investor Relations. Please go ahead, sir.

Phillip Lindsay

Thank you, Sherry. Hello to everyone, and welcome to Technip Energies financial results for the first half of 2022. On the call today, our CEO, Arnaud Pieton; and our CFO, Bruno Vibert, 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 disclaimer and the forward-looking statements on Slide 2.

I will now pass the call over to Arnaud.

Arnaud Pieton

Thank you, Phil, and welcome to our financial results presentation for the first half of 2022. Let's begin with the highlights. Our company's resilience is demonstrated by the strength of our financial performance in the first half of the year. Revenues of €3.3 billion included over €800 million related to Arctic LNG 2. The portfolio, net of this project, achieved year-over-year revenue growth of 18%. Furthermore, we are confident that revenues in the second half, excluding Arctic LNG 2, will exceed that of the first.

EBIT margins have remained strong at 7.3%, excluding the Russian project, and we are raising our full year margin outlook to at least 6.8% from at least 6.5% previously. Our energy transition

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