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T.EN TECHNIP ENERGIES Press Release Paris , February 26 , 2021 UPDATE ON FY 2020 FINANCIAL RESULTS Paris , February 26 , 2021 - Technip Energies ( the “ Company ” ) , a leading Engineering & Technology company for the Energy Transition , today provides a financial update for the full year 2020 ( unaudited ) which has been prepared on the same basis as the carved out historical financial information included in the Company's European prospectus dated February 9 , 2021. The Company's 2020 audited combined financial statements will be made available in March 2021. The Company's 2020 financial update provided herein differs from the financial information relating to the Technip Energies business segment included in the press release issued on February 24 , 2021 , by TechnipFMC plc ( " TechnipFMC " ) , only due to different accounting standards and basis of preparation . TechnipFMC currently holds 49.9 % of the Company's equity . Commenting on the FY 2020 results , Arnaud Pieton , CEO of Technip Energies , stated : " Technip Energies delivered a strong operating and financial performance in 2020 , in line with our earlier guidance . This is testament to the resilience and the quality of our backlog . Despite a challenging environment due to the pandemic , strong proximity with our customers together with the drive and adaptability of our global workforce enabled continuous strong project execution . " " 2021 has begun with the award of the prestigious LNG project by Qatar Petroleum for the North Field Expansion , along with our long - time partner , Chiyoda . Following early engagement , this award demonstrates the continuity and strength of our joint venture in Qatar . With its large carbon capture and sequestration scope and other energy management solutions , this contract reinforces our leadership in LNG and reflects our ability to integrate technologies towards low carbon LNG ; and supports our vision to accelerate the energy transition journey . " " As we entered a new chapter with the creation of an independent Technip Energies on February 16 , 2021 , we look to the future with great confidence , supported by a large high - quality backlog , a robust balance sheet , and a fully energized workforce . We confirm the guidance we provided for 2021. We have a significant and diversified opportunity set - present and future - with strong alignment to energy transition themes from deep decarbonization of traditional energy chains through carbon capture , sequestration and hydrogen , to carbon free solutions and circular economy . Our Technology , Products and Services business further exemplifies our differentiation and is already working on a significant number of energy transition engagements . ” ADJUSTED IFRS ( In € millions ) Adj . Revenue Adj . Recurring EBIT Adj . Recurring EBIT Margin % Adj . Net Income ( loss ) Adj . Earnings ( loss ) per share¹ FY 2020 6,014.5 353.8 5.9 % 220.0 1.15 FY 2019 5,529.8 393.3 7.1 % 123.6 0.65 Financial information is presented under an adjusted IFRS framework , which records Technip Energies ' proportionate share of equity affiliates and restates the share related to non - controlling interests , and excludes restructuring expenses , merger and integration costs , and litigation costs . Reconciliation of IFRS to non - IFRS financial measures are provided in Appendix 1.1 . 1 Calculated using 179,813,880 shares , which was the number of shares outstanding on February 16 , 2021 , the day on which 50.1 % of the shares of the Company were distributed to the shareholders of TechnipFMC . The Company was previously wholly owned by TechnipFMC . 2020 Adjusted Revenues grew by 9 % year - over - year , demonstrating the strength of the business model and robust project execution despite a challenging environment . Growth was driven by the continued ramp - up of the Arctic LNG 2 project and solid progress across a portfolio of projects in procurement and construction phases , which more than offset a decline in revenue from Yamal LNG . Adjusted Recurring EBIT Margin reduced by 120 basis points to 5.9 % due to the anticipated decline in contribution from projects in the completion phase , including the Yamal LNG project , partially compensated by 1