This announcement is an advertisement relating to the intention of the Company to proceed with the listing and admission of shares in Technip Energies (the 'Shares') on Euronext Paris (the 'Listing').
This announcement does not constitute a prospectus.
If and when the Listing is launched, further details about the Listing will be included in a prospectus to be published by the Company in relation to the Listing (the 'Prospectus'). Once the Prospectus has been approved by the Netherlands Authority for the Financial Markets (the 'AFM') and passported to the Autorite des marches financiers, the Prospectus will be published and made available at no cost through the corporate website of the Company (www.technipenergies.com). Any potential investor should make their investment solely on the basis of information that will be contained in the Prospectus. Potential investors should read the Prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the Shares. The approval of the Prospectus by the AFM should not be understood as an endorsement of the quality of the Shares and the Company (as defined below).
Technip Energies (the 'Company') will today host its virtual Capital Markets Day in connection with TechnipFMC's previously announced plan to separate into two industry-leading independent, publicly traded companies: TechnipFMC and Technip Energies. The transaction is expected to be structured as a spin-off of a majority stake in TechnipFMC's Technip Energies segment. The separation is expected to be completed in the first quarter of 2021, subject to customary conditions and regulatory approvals.
The virtual Capital Markets Day will be held today at 14:00 CET. A live webcast and an accompanying presentation will be available in the Investor Relations section of TechnipFMC's website at www.technipfmc.com.
Arnaud Pieton, Chief Executive Officer of Technip Energies, stated, 'Technip Energies is a leading engineering and technology company for the energy transition. We have world leading market positions in LNG, ethylene and hydrogen, and we are central to powerful energy transition themes - from decarbonization to carbon-free solutions - to meet today's and tomorrow's energy challenges. We have growing positions on break-through technologies in green hydrogen, sustainable chemistry and CO2 management. Today, our extensive backlog and a breadth of commercial opportunities provide strong revenue visibility and medium-term margin expansion potential. Our asset light business and strong balance sheet provide a solid platform to support our growth ambitions and high return-on-invested capital through the cycle. Ultimately, we aim to be the reference investment platform for the Energy Transition.'
Technip Energies is one of the world's largest Engineering and Technology (E&T) companies. With its broad offering of project capabilities, technologies, products and services, the Company is ideally positioned to accelerate the Energy Transition. The Company has over 15,000 employees globally across 34 countries and can point to over 60 years of successful operations. Technip Energies, which is incorporated in the Netherlands, will be headquartered in Paris. The Company will have its shares listed on the Euronext Paris stock exchange under the ticker 'TE' with American depositary receipts ('ADRs'). Based on the 12 months to June 20, 2020, Technip Energies is a EUR6 billion revenue company supported by a significant EUR13.2 billion backlog as of June 30, 2020.
Disclaimers
This press release is intended for informational purposes only for the shareholders of TechnipFMC, the majority of whom reside in the United States, the United Kingdom and Europe. This press release does not constitute a prospectus within the meaning of Regulation (EU) 2017/1129 of the European Parliament and of the Council of June 14, 2017 (the 'Prospectus Regulation'), and Technip Energies' shares will be distributed in circumstances that do not constitute 'an offer to the public' within the meaning of the Prospectus Regulation. This press release is not intended for distribution in jurisdictions that require prior regulatory review and authorization to distribute a press release of this nature.
The joint equity capital markets advisors are acting exclusively for TechnipFMC and no one else in connection with the planned spin-off of the majority stake of TechnipFMC's Technip Energies business segment and will not regard any other person as their respective clients and will not be responsible to anyone other than TechnipFMC for providing the protections afforded to their respective clients in connection with any distribution of Technip Energies shares or otherwise, nor for providing any advice in relation to the distribution of Technip Energies shares, the content of this press release or any transaction, arrangement or other matter referred to herein.
About Technip Energies ('SpinCo')
With approximately 15,000 employees, Technip Energies is one of the largest engineering and technology companies globally, with leadership positions in LNG, hydrogen and ethylene as well as growing market positions in sustainable chemistry and CO2 management. In addition, the new company will benefit from its robust project delivery model and extensive technology, products and services offering. The Company would comprise the Technip Energies segment, including Genesis - a leader in advisory services and front-end engineering.
About TechnipFMC ('RemainCo')
With approximately 21,000 employees, TechnipFMC would be the largest diversified pure play in the industry. The Company's role will be to support clients in the delivery of unique, integrated production solutions. TechnipFMC will continue to transform the industry through its pioneering integrated delivery model - iEPCI, technology leadership and digital innovation.
Contact:
Matt Seinsheimer
Tel: +1 281 260 3665
TECHNIPFMC PLC 
