自乌克兰冲突开始以来，Technip Energy 一直致力于照顾本国人民，并停止在俄罗斯寻找新的商业机会。我们的活动是在遵守所有适用法律的情况下进行的；我们的首要任务是保护我们所有利益相关者的利益。

2022年4月8日，欧盟制裁针对与液化天然气相关的商品和技术。这些自然会对我们在俄罗斯唯一正在进行的项目-北极LNG 2的未来执行产生更直接的影响。鉴于这些制裁的升级，公司一直在相关合同框架内与客户、合作伙伴和供应商合作，以采取与北极LNG 2相关的适当措施。公司预计该项目的资产负债表状况和相关的合同保护将足以 履行其遵守适用制裁的各种合同义务。

在乌克兰危机之前，欧洲天然气短缺推高了天然气价格，刺激了需求和项目活动。这场战争加剧了这一趋势，欧洲迫切需要确保供应。欧洲要想减少对俄罗斯天然气的依赖，将需要大量投资。虽然来自挪威等国的可再生能源和更多管道天然气的加速发展可能会有所帮助，但该公司认为，欧洲绝大多数的天然气需求将来自液化天然气，因为液化天然气本质上比管道天然气更灵活。

欧洲正在迅速制定增加液化天然气进口的计划，该公司 认为北美和中东是目前最适合做出回应的地区。目前的情况还意味着，从长远来看，液化天然气的结构性价值会更高。除了传统的大型列车出口终端(这是自然需要的)之外，包括浮动LNG和中型LNG在内的其他解决方案的可行性已经大幅提高。该公司的领导地位和经验使其在FLNG中处于有利地位；该公司可以利用其专有的SnapLNG 概念-这是一种模块化、低碳和无甲烷的解决方案，第一次投放的时间缩短。该公司将利用这一概念为美国德克萨斯液化天然气公司提供原料，这是一份在2022年上半年获得的FID前合同。

本公司仍然相信，天然气(尤其是液化天然气)的长期基本面仍然强劲，因为天然气作为过渡燃料发挥着关键作用，特别是通过设计低碳到零碳的液化天然气基础设施。事实上，欧盟议会已经投票赞成将天然气纳入其可持续的金融分类。该公司相信，碳捕获和其他脱碳解决方案的集成将用于未来新的液化天然气基础设施的开发。

此外，本公司有信心在能源转型期间继续成功地 交付其多元化积压的项目及实施其增长策略。该公司的战略以帮助客户应对新的能源挑战为中心，这一点比以往任何时候都更加重要，因为当前的能源危机可能会加速能源转型和能源独立议程。

自2021年初的低点以来，原油价格已大幅上涨，随着全球经济活动的恢复，2022年上半年石油价格上涨约50%(天然气价格上涨约40%)。传统的石油和天然气项目FID经历了延迟，原因是新冠肺炎涉及 不确定性，以及将投资转向能源转型或低碳密集型项目的明显趋势。能源行业多年的投资不足也是2022年上半年能源市场高度波动的原因之一。高水平的通胀加上全球经济衰退的担忧加剧了不确定性，但该行业面临着政治压力，要求其投资于新的生产，能源供应的安全至上，尤其是在欧洲。

炼油和石化市场经历了一些投资决策 在中国、印度、中东、欧洲和北美宣布了综合炼油和石化项目。虽然新的绿地项目活动目前仍然有限，但乙烯市场的势头正在增长，公司预计未来几个季度和几年将批准大量新产能。

该公司正在寻求加强其在不断增长的可持续化学市场的定位，例如最近授予内斯特位于鹿特丹的可再生产品炼油厂的奖项，以及在开发塑料循环和生物化学技术方面的各种行业合作。可再生燃料市场出现了积极的趋势--可再生柴油和可持续航空燃料(到2030年产量将增加两倍)，以及第二代乙醇生产。

在一个非常活跃的低碳/清洁氢气市场中，通过利用我们的技术扩展和集成技能以及公司在模块化解决方案方面的专业知识，该公司正在发展其在该市场的地位。在2021年期间，该公司观察到客户对绿色氢气项目的参与度发生了阶段性变化 ，这导致可进入的市场机会增加了7倍，总装机容量超过20吉瓦。本公司已经进行了多项绿色氢气研究，包括一些到成熟阶段的研究，虽然到目前为止项目获奖势头缓慢，但2022年7月，公司宣布了澳大利亚Yuri绿色氢气项目的EPCC合同。

浮式海上风电市场的发展势头在上半年有所加快，本公司继续预计到2030年及以后仍有指数增长的潜力。该公司正在与几项浮式技术合作，例如其内部的INO15™，这是一种具有成本竞争力的浮式海上风电基础解决方案 ，它展示了公司的目标，即通过整合未来涡轮机技术的高效和坚固的设计来满足市场需求。Equinor已经选择了这项技术用于其在韩国附近的萤火虫开发，在韩国，Technip Energy也在进行喂食。同样在2022年上半年，本公司收购了浮式海上风电公司指数可再生能源公司(也称为X1 Wind)16.3%的股份，该公司拥有创新和颠覆性的海上风力涡轮机浮子，具有重大的环境和运营效益。

俄罗斯

价格波动和
材料供应减少

本公司将继续监测由于资源短缺、产能减少以及新冠肺炎疫情后重新开始的活动造成的重大物流瓶颈导致的原材料和劳动力成本变化所造成的影响，这些活动受到俄罗斯入侵乌克兰和相关制裁的进一步影响。

在2022年下半年，确保获得关键原材料，特别是镍和铜以及半导体将是关键。能源供应的可能短缺可能会增加市场的不稳定性，并影响生产成本(特别是依赖高能源投入的制造业)和其他成本 (包括劳动力)。

在这种环境下，公司延长招标的能力 可能需要额外的努力，以缓解公司向客户提供的投标条款与其确保承诺的项目投入的能力之间的差距。合同条款，包括规定可报销或可调整价格的合同机制，可在公司能够协商的范围内为公司提供一定程度的保护。

对于已经提交的项目投标，由于订购的材料和设备延迟交付的风险，以及在订购阶段没有获得合同保护的价格上涨，公司可能会受到不利影响。如果该公司已获得合同规定的提价或延迟交货的条款，公司的供应商仍可能面临不可持续的提价，从而危及期权的有效性，甚至按约定的合同价值完成采购订单。比招标阶段商定的交付时间长 也可能影响项目的进度和盈利能力。

全球范围内的运输限制和增加的运输成本也在影响项目执行。该公司正在调整其航运战略，包括寻求长期租用船只，以便更积极地管理交付时间表。为此，已设立了一个专门部门。

该公司还在采取一系列措施，包括寻求确定可能签订预先承诺协议的设备，以锁定价格，以将影响降至最低波动性，使公司的供应商基础多样化，包括确定新的替代供应商(和必要时的子供应商)，审查合同谈判阶段将包括的合同条款，加强对供应商的监督

执行，特别是在子订单级别，监控供应商的财务资金，并监控价格变化，以选择最佳授予时机(始终考虑对项目进度的任何影响)。公司还将在决定继续授予合同时评估成本和进度影响的风险。

新冠肺炎

虽然欧洲的新冠肺炎疫情目前已有所改善，但在公司运营的世界许多地区，该疫情仍是一个持续限制的来源。如上所述，这对公司的运营产生了影响，包括供应链中断、生产率下降和物流 限制。

能源短缺

由于俄罗斯入侵乌克兰，俄罗斯对西欧国家的石油和天然气供应日益受到限制，价格大幅上涨，并可能对2022-2023年冬季的发电造成严重影响。如果这导致欧洲出现物质电力短缺，各国政府可能需要考虑配给措施。虽然该公司的制造设施有限，会受到能源配给的影响(其在法国的T.EN加载系统、Cybernetix和CyXplus工厂)，但能源短缺可能会导致业务连续性问题(无论是在制造地点还是在办公室)。针对这一风险，将对能源消耗和空间占用情况进行分析。

财务风险

请参阅附注20.2。衍生金融工具，以说明本公司为对冲金融风险而订立的衍生工具，以及附注22。与市场相关的风险敞口，讨论公司可能面临的某些财务风险。

法律程序

请参阅附注23.2。与法律相关的负债 截至2022年6月30日的半年度简明综合财务报表中的或有负债，用于描述本公司的诉讼程序。

其他风险

有关集团在2022年下半年可能面临的其他风险的描述，请参阅公司2021年年报的第4章风险和风险管理，以及公司2021年年报的第2.6.运营和财务回顾部分。

请仔细考虑上文所述的具体风险和不确定性以及本中期管理报告中包含的其他信息，因为这些都是可能导致公司的实际结果、业绩或成就与公司的预期或历史结果大不相同的重要因素 。

本中期管理报告包含前瞻性陈述，反映公司的意图、信念或当前对公司未来经营业绩、财务状况、流动性、业绩、前景、预期增长、战略和机会以及公司所处市场的预期和预测。前瞻性陈述通常与未来事件和预期的收入、收益、现金流或公司运营或经营结果的其他方面有关。前瞻性陈述通常由“相信”、“预期”、“预期”、“计划”、“打算”、“预见”、“应该”、“将”、“可能”、“可能”、“估计”、“展望”以及类似的表达方式来识别，包括其否定意义。然而，没有这些词语并不意味着这些陈述不具有前瞻性。这些前瞻性陈述基于公司目前对未来发展和业务状况及其对公司的潜在影响的预期、信念和假设。

虽然本公司相信这些前瞻性陈述在作出时是合理的，但不能保证影响本公司的未来发展会是本公司预期的发展。

公司的所有前瞻性陈述都涉及风险和 不确定性(其中一些重大或超出公司控制范围，如俄罗斯入侵乌克兰、相关制裁以及这些制裁将对我们和/或我们的客户在俄罗斯境内或与俄罗斯有关的活动产生的影响) 以及可能导致实际结果与公司历史大不相同的假设

经验和公司目前的期望或预测。

如果这些风险或不确定性中的一个或多个成为现实，或者基本假设被证明是不正确的，实际结果可能与前瞻性陈述中陈述的结果大不相同。

其中一些因素在本中期管理报告中进行了讨论，特别是在第1.3节，主要风险和不确定因素中进行了讨论。风险也在公司2021年年报第4章《风险和风险管理》第3.2.2节《ESG风险管理》和第2.6节《运营和财务回顾》中讨论。这些讨论讨论了可能影响公司未来业绩和公司运营市场的因素。鉴于公司的信念、假设和预期可能发生变化，本中期管理报告中描述的前瞻性事件可能不会发生。

本公司目前未知的其他风险或截至本中期管理报告日期本公司尚未被认为具有重大意义的其他风险也可能导致本中期管理报告中讨论的前瞻性事件无法发生。前瞻性陈述涉及固有的风险和不确定因素， 仅在发表之日发表。公司没有义务也不一定会根据新信息或未来事件更新任何前瞻性陈述，除非适用法律要求。

附注是简明综合财务报表的组成部分。

本文中使用的“Technip Energy Group”、“Technip Energy”、“The Group”、“Company”或“Us”是指Technip Energy N.V.和合并范围内的所有公司。“Technip Energy N.V.”仅指本集团的母公司。

除非另有说明，简明合并财务报表以百万欧元为单位列报。

这些简明综合财务报表由董事会负责编制，并于2022年7月26日获得董事会批准。

Technip Energy N.V.是一家总部位于荷兰阿姆斯特丹的公司，主要业务地址为法国南特雷塞德克斯10266号法国德芳斯大道2126号。

作为收入最高的工程技术公司(“E&T”) 之一，Technip Energy Group为其下游价值链上的客户提供全方位的设计和项目开发服务，从前期的技术咨询到最终的验收测试。

该集团的核心目标是结合其E&T能力， 为世界能源转型提供新的能源解决方案和应用。

该集团的业务重点是研究、设计、采购、建设和管理与天然气货币化、乙烯、氢气、炼油和生物燃料和碳氢化合物化学加工相关的全部陆上和海上设施。Technip Energy经常在气候条件恶劣的环境中开展大规模、复杂和具有挑战性的项目。该集团依靠早期参与和前端设计以及流程设计和工程的技术诀窍，通过整合来自其专有技术或联盟合作伙伴的技术。Technip Energy寻求整合和发展

先进技术和强化集团的项目执行能力 。

该集团还为其他关键行业提供支持服务，如生命科学、可再生能源、采矿、金属和核能。

Technip Energy Group认为，它能够为客户提供全面的技术、产品、项目和服务组合，这是它有别于竞争对手的地方。该集团的能力范围从可行性研究、咨询服务、工艺技术诀窍、专有设备和项目管理到全面的工程和施工。集团在集成工艺技术(无论是专有技术还是来自第三方许可方的技术)方面的专业知识促进了早期的项目参与，并对项目经济产生了重大影响。

该集团与世界上一些最知名的石油和天然气公司合作，在全球范围内提供技术、设备和建筑。此外，集团的项目管理咨询服务利用其在管理复杂项目方面的专业知识，使其客户受益。

简明综合财务报表乃根据国际会计准则委员会(“IASB”)颁布并经欧洲联盟(“UE”)认可的国际财务报告准则(“IFRS”) 编制，尤其是根据IAS 34， 中期财务报告(“IAS 34”)提供的中期财务资料。

截至2022年6月30日和2021年6月30日止六个月期间的简明财务报表中适用的合并原则和会计政策与我们在截至2021年12月31日的年度合并财务报表中适用和详述的原则和会计政策一致，但下列具体要求除外：

截至2022年6月30日，与离职后福利和其他长期福利相对应的债务数额是通过在半年内预测上一年的债务，并考虑到已支付的福利来计算的。

所得税(当期和递延)是通过将本年度各实体或税组的估计年平均税率应用于综合集团的税前利润来计算的。本期内任何重大非经常性项目的所得税，按有关项目适用的实际所得税税率计算。

编制简明综合财务报表要求管理层在资产负债表日或影响资产负债及费用报告金额的期间作出某些估计和假设。

请参阅注释1.7。在Technip Energy Group截至2021年12月31日的年度合并财务报表中使用关键会计估计、判断和假设，以讨论关键会计估计、判断和假设。在截至2022年6月30日的六个月期间，已确定的关键会计估计、判断和假设没有变化。

乌克兰冲突以及对俄罗斯和白俄罗斯实施的制裁对商业活动构成重大挑战，并给这类活动的预期发展带来一定程度的不确定性。专家组在编制半年财务报表时考虑了冲突造成的直接和间接风险敞口，其评估如下。

非金融资产减值准备

非金融资产商誉和减值的会计原则，见第9.1.6节。合并财务报表附注-附注1.年度报告中的会计原则自2022年6月30日起继续适用。

鉴于乌克兰冲突造成的重大事态发展，Technip Energy在编制中期财务报表时考虑了冲突的影响。考虑到本集团活动的性质及其目前的投资组合，冲突和伴随的一揽子制裁对财务报表产生了影响，主要原因是汇率波动、业务限制，包括供应链可能中断，影响产品成本并导致延误或 无法采购产品。

国际会计准则第36号“资产减值”要求管理层在每个报告日期考虑 是否有任何迹象表明资产可能减值。在目前不确定的环境下可收回的数额需要仔细评估现金流预测。

考虑到上述情况，Technip Energy在用于内部管理目的监测商誉的水平上进行了商誉减值测试，该水平与Technip Energy的CGU(项目交付和技术、产品和服务)相对应。

与北极LNG 2项目有关的净现金流以及在俄罗斯的新商机已被排除在预期财务信息之外。为了计算未来的现金流，Technip Energy使用了对经济和市场假设的估计，这些假设反映了预期的全球经济增长、 技术效率、政策措施、投资考虑(资本支出)、开发成本，并如上所述考虑了冲突的影响和后果。这些假设还包括对未来预期营业利润率、税率、现金支出(包括与本集团能源转型目标相关的支出)的估计。

用于商誉减值测试的CGU按收益法按折现现金流量法进行估值。收益法通过使用反映当前市场状况和CGU风险状况的加权平均资本成本对每个CGU估计的未来现金流进行贴现来估计使用价值。

下表显示了两个CGU的风险调整后税后贴现率 ：

在项目交付和技术、产品和服务方面，使用价值超过账面价值的部分分别约为7.00亿欧元和6.25亿欧元。

因此，本集团就商誉进行的减值测试并无 导致减值。专家组还在这次演习中进行了敏感性分析。考虑到贴现率上升1.0%和长期增长率下降1.0%，使用价值超过账面价值的项目交付约为5.68亿欧元，技术、产品和服务约为4.43亿欧元。

分配公司资产后，本集团减值测试活动的结论保持不变。

下表为CGU分配的商誉账面金额：

于截至2022年6月30日止六个月期间及截至2021年12月31日止年度，Technip Energy Group并无记录任何商誉减值开支。

除商誉外，本集团并无持有位于俄罗斯或会直接或间接受冲突影响的重大非金融资产。因此，截至2022年6月30日，该公司没有记录任何财产、厂房和设备、使用权或无形资产的减值。

金融工具减值和其他金融风险

在评估金融工具减值时，小组 考虑了乌克兰冲突对其加权平均预期信贷损失率计量的潜在影响。对金融工具信用风险增加的分析是在集体基础上进行的，在此期间，我们已要求本集团实体识别俄罗斯或与俄罗斯有联系的交易对手。通过采用这种“特别”方法，Technip Energy得出结论，这不会对用于衡量集团层面预期信贷损失的比率产生影响。北极LNG 2项目处于正现金流状态，截至2022年6月30日，北极LNG 2项目的资产负债表状况反映了本集团对其风险敞口和可收藏性水平的评估。

除北极液化天然气2外，本集团与俄罗斯 外部第三方的头寸并不重大，应收账款被认为极有可能收回。

继乌克兰冲突及欧盟、美国当局及俄罗斯中央银行等相继实施的一系列制裁及反制裁措施后，本集团正监察其可能面临的财务风险，例如信贷风险、流动资金风险及货币风险。我们可以报告，我们的账面上不再有任何与卢布有关的外汇保险，也不再有任何与我们的财政中心有关的借记情况。俄罗斯子公司持有的现金头寸在集团层面上并不重要，也没有向俄罗斯实体或其他俄罗斯方提供贷款 。需要指出的是，Technip Energy并未持有大量卢布现金头寸或位于俄罗斯的现金头寸(现金和现金等值，见附注16。)。

与客户签订合同的收入

专家组评估了乌克兰冲突对截至2022年6月30日的六个月期间收入确认的潜在影响，并得出结论，目前的事态发展不影响其确认收入的能力，也不影响对 年前六个月的可变考量的衡量。

执行的分析确认了确认 收入的标准。到目前为止，本集团认为任何到期的未偿还对价都可以在该项目上收回。

尽管本集团的收入将因乌克兰冲突相关制裁而无法在俄罗斯开展业务而受到影响，但暂停和终止北极LNG 2合同不会引起因合同处罚、违约金或可能给予北极LNG 2客户的价格优惠而产生的可变考虑。

北极LNG 2合同的资产负债表中不存在退款责任、终止罚款或其他 合同责任。

专家组没有确定为履行北极液化天然气2号合同下的履约义务而产生的重大额外费用，这些费用需要纳入衡量进度和确认收入的成本比输入法。

重大判断和估计

在乌克兰冲突引起的地缘政治不确定性的背景下，本集团管理层按照欧洲联盟通过的适用制裁，在收入确认方面适用判断，特别是北极液化天然气2，并在其被授权确认收入的地方确认收入。

在估计减值测试可收回资产金额时所依据的假设已于六个月期间发生重大变动。这在“非金融资产减值”一节中有详细说明。

就所进行的商誉减值测试而言，本集团的估计及所采用的假设已排除北极液化天然气2项目的所有流量，亦未考虑俄罗斯的任何新商机。本集团预期不会在下个财政年度内对资产及负债的账面金额作出重大调整。

持续经营的企业

在评估本集团作为持续经营企业的能力时，管理层已考虑到为应对乌克兰冲突而采取的措施的潜在影响。尽管Technip Energy承认，目前的情况给企业经营带来了不确定性以及全球和广泛的潜在影响，但管理层认为，公司有足够的资源在可预见的未来继续运营 ，并且不存在与事件或条件相关的重大不确定性，这些事件或条件可能会使人对实体作为持续经营企业的能力产生重大怀疑。

因此，Technip Energy在编制简明综合财务报表时继续采用持续关注基础。

网络影响

作为Technip Energy持续网络安全战略的一部分，集团定期审查外部威胁，并对照其现有系统和流程对其进行评估。鉴于这种情况，该集团通过结合其他技术和 服务来缓解已确定的任何其他威胁，从而提高了威胁监控能力。这些威胁可能来自多个国家，包括民族国家和政治黑客活动家。Technip Energy还通过额外的宣传活动和补充培训相结合，进一步提高了所有员工对这些威胁的认识。

2022年4月1日，本集团与劳合社集团Brit和Kiln续签了其网络保险保单 ，在本保单下提供的保险中明确排除了：

Technip Energy的运营可能会受到正常天气模式变化的影响，例如更凉爽或更温暖的夏天和冬天。恶劣天气情况，如飓风或极端冬季情况，可能会中断或限制本集团或其客户的运营，导致供应中断或生产力损失，并可能

提供这一信息是为了更好地了解结果，但根据国际会计准则第34号，管理层得出的结论是，这不是“高度季节性的”。

截至2022年6月30日的半年

本集团于截至2022年6月30日止六个月内并无任何重大收购及资产剥离。

截至2021年6月30日的半年

2021年4月27日，Technip Energy Group通过收购 ，将其在爱诺辛AS的参与度提高到100%

剩余49.0%的Inocean股份，因为该集团尚未以200万欧元拥有 。Inocean as已经完全合并。在收购之日，非控股权益的账面价值为50万欧元。

在本报告所述期间，首席执行官 回顾和评估了Technip Energy Group的运营业绩，以作出有关资源的决定

并已被确定为首席运营决策者(“CODM”)。利用提供给CODM的内部报告信息，技术能量

集团已于2021年更改了其内部组织结构，并定义了指定为项目交付和技术、产品和服务的两个部门。对运营部门业绩的评估是基于

关于本集团的息税前利润。按分部分列的损益表资料如下：

在截至2022年6月30日和2021年6月30日的六个月中，北极液化天然气2和亚马尔的收入超过Technip Energy综合收入的10%。北油田扩建项目的收入也超过了Technip的10%

各分部财务状况信息表如下：

Energy在截至2022年6月30日的六个月内的综合收入。

The Group’s offering to its clients consists of Project Delivery, and Technology, Products and Services. Technip Energies Group business focuses on the study, engineering, procurement, construction, and project management of the entire range of onshore and offshore facilities related to gas monetization, refining, and chemical processing from biofuels and hydrocarbons. The majority of the Technip Energies Group revenue is from long-term contracts associated with designing and manufacturing products and systems and providing services to customers involved in the energy sector. Many of these contracts provide a combination of engineering, procurement, construction, project management

and installation services, which may last several years. Management has determined that contracts of this nature have generally one performance obligation. In these contracts, the final product is highly customized to the specifications of the field and the customer’s requirements. Therefore, the customer obtains control of the asset over time, and thus revenue is recognized over time. These customized products do not have an alternative use for the Group and the Group has an enforceable right to payment plus reasonable profit for performance completed to date.

The timing of revenue recognition, billings and cash collections results in billed accounts receivable, revenues in excess of billings on uncompleted contracts (contract assets), and billings in excess of revenues on uncompleted contracts (contract liabilities) on the condensed consolidated statement of financial position.

Contract Assets - Previously disclosed as revenue in excess of billings on uncompleted contracts, contract assets include unbilled amounts typically resulting from sales under long-

term contracts when revenue is recognized over time and revenue recognized exceeds the amount billed to a customer, and right to payment is not just subject to the passage of time. Amounts may not exceed their net realizable value. Contract Assets are generally classified as current.

Contract Liabilities - The Group often receives advances or deposits from its customers, before revenue is recognized, resulting in contract liabilities.

The portion of Contract Liabilities related to Yamal LNG Plant as of June 30, 2022 was €1.1 million and €344.1 million as of December 31, 2021.

The increase in our contract assets from December 31, 2021, to June 30, 2022, was primarily due to the timing of milestones.

The decrease in contract liabilities was primarily due to the amounts recognized as revenue exceeding the cash received during the period.

In order to determine revenue recognized in the period from contract liabilities, the Group allocates revenue to the individual contract liability balance outstanding at the

beginning of the period until the revenue exceeds that balance. Revenue recognized for the six-month periods ended June 30, 2022 and 2021 that were included in the contract liabilities balance at December 31, 2021 and 2020 was €1,873.5 million and €1,565.2 million, respectively.

Revenue recognized for the six-month periods ended June 30, 2022 and 2021 from the Technip Energies Group’s performance obligations satisfied in previous periods had a favorable impact of €36.8 million and €171.0 million respectively. This primarily relates to changes in the estimate of the stage of completion.

Remaining unsatisfied performance obligations (“backlog”) represent the transaction price for products and services for which we have an enforceable right but work has not been performed. Transaction price of the backlog includes the base transaction price, variable consideration, and changes in transaction price. The backlog table does not include contracts for which we recognize revenue at the amount to which we have the right to invoice for services performed. The transaction price of backlog related to unfilled,

confirmed customer orders is estimated at each reporting date. As of June 30, 2022 and December 31, 2021, the aggregate amount of the transaction price allocated to backlog was €13,316.6 million and €15,916.9 million, respectively. Remaining unsatisfied performance obligations as of June 30, 2022 takes into consideration the revision of the backlog associated to Arctic LNG 2.

Goodwill and property, plant and equipment impairments

The conflict in Ukraine has been considered as an impairment indicator for the Group’s non-financial assets. Considering low materiality of property, plant and equipment and intangible assets located in Russia, these have not been impaired during the six-month period ended June 30, 2022. The impairment test conducted on Goodwill is discussed in detail in Note 2 of this half-year report and concluded that no impairment needed to be recorded. As of June 30, 2022, two buildings leased and used by the Group for its offices have been impaired for an aggregate of €5.8 million.

Restructuring costs

During the six-month period ended June 30, 2022, €3.9 million of restructuring costs are made of severance costs as well as income coming from waved risks after the end of a warranty period on discontinued activities.

Separation costs

Separation related costs include fees and expenses associated with the separation transaction (“the Spin-off”) of €27.8 million as of June 30, 2021. The costs include legal and tax advice expenses, consulting services and other separation activities related costs. There were no separation related costs incurred in the six-month period ended June 30, 2022.

The Compensation Committee of the Board of Directors, at its meeting of February 22, 2021, established the terms and conditions of the 2021 Performance shares program (the “2021 Program”) under and pursuant to the terms of the Technip Energies N.V. Incentive Award Plan (the “Plan”). The 2021 Program provides for the allocation of shares granted in either the form of performance stock units (“PSUs”) or restricted stock units (“RSUs”).

On February 28, 2022, the Compensation Committee delegated to the Chief Executive Officer the decision to implement the granting of Performance Shares under the 2022 Program. Main grant of these Performance Shares were allocated as of March 28, 2022 by the Chief Executive Officer under the 2022 Program pursuant to his decision.

Under the 2022 Program, €21.0 million were authorized for awards. A first grant of 1,659,182 shares (897,084 PSUs and 762,098 RSUs, representing €18.9 million at €11.36 (closing stock price at the grant date) was made on March 28, 2022. A second grant, purposed for additional selective grants is planned on September 19, 2022 for an estimated budget of €2.0 million.

Performance Shares generally vest after three years of service.

Share-based compensation expense is recognized ratably over the vesting period. Exceptions to the service period are the death or disability of the employee upon which vesting accelerates.

The Compensation Committee of the Board of Directors, at its meeting of February 28, 2022, has approved the terms of the 2022 Long-Term Incentive Program, and the revision of the LTI performance metrics. Under this program, certain Employees, Senior Executives, Executive Committee members or Officers benefit from PSUs that vest subject to achieving satisfactory performances and/or from RSUs that vest subject to continuous presence within the Group. This year, the performance metrics that rule performance criteria of the PSUs have been revised:

The fair value of such PSUs is estimated using both a Monte Carlo simulation model and closing stock price at the grant date whereas RSUs fair value is based on the closing stock price at the grant date.

A Restricted Shares Units (RSUs) Program was granted to 7 Non-Executive Directors on April 15, 2021, subject to a one-year vesting and to presence condition as of April 15, 2022. These 94,829 RSUs were vested in full on April 15, 2022, at the acquisition price of €12.18 per share (Technip Energies' stock price at the opening of the Paris stock exchange market on April 19, 2022).

The carrying amounts of the Technip Energies Group’s equity affiliates and joint ventures accounted for under the equity method amounted to €85.2 million and €75.4 million as of June 30, 2022 and December 31, 2021, respectively.

Main equity investments were as follows as of June 30, 2022, and December 31, 2021:

ENI Coral FLNG is an affiliated company in the form of a joint venture between Technip Energies, JGC Corporation, Samsung Heavy Industries and TechnipFMC, all partners in the TJS Consortium. ENI Coral FLNG was formed in 2017 when awarded a contract for the Engineering, Procurement, Construction, Installation, Commissioning and Startup of the Coral South FLNG facility. The 50.0% investment has been accounted using the equity method.

Bapco Sitra Refinery is an affiliated company in the form of a joint venture between Technip Energies, Samsung Engineering and Técnicas Reunidas. Bapco Sitra Refinery was formed in 2018 when awarded a contract from Bahrain Petroleum Company for the Bapco Modernization Program (BMP) for the expansion of the capacity of the existing Sitra oil refinery in Bahrain’s Eastern coast. The 36.0% investment has been accounted using the equity method.

Novarctic is an affiliated company in the form of a joint venture between Technip Energies, Saipem and Nipigas. The entity was formed in 2019 when awarded a contract from Novatek for three liquefied natural gas (LNG) trains to manage the construction located in the Gydan peninsula in West Siberia, Russia. The 33.3% investment has been accounted using the equity method.

With our partner Chiyoda Corporation, Technip Energies was awarded a contract from Qatar Petroleum for the onshore facilities of the North Field East Project (NFE Project) for four liquefied natural gas (LNG) trains and associated utility facilities. To carry-out our performance obligation under the contract, various legal companies and arrangements have been established, some of which qualify as joint operations according to IFRS 11 and are accounted at our proportionate share of such operations and others are joint-ventures which are accounted using the equity method.

The Technip Energies Group’s total net profit from equity affiliates and joint ventures was €10.1 million as of June 30, 2022 and €3.9 million as of June 30, 2021.

The Technip Energies Group’s dividends received from equity affiliates and joint ventures was €18.2 million as of June 30, 2022 and was nil as of December 31, 2021.

The summarized financial information (at 100%) of the investments in joint ventures and associates is presented below for all entities as well as separately for the three major equity investments.

Summarized statement of financial position:

Interest income reaches €8.4 million and €4.8 million as of June 30, 2022 and 2021 respectively. The variation is mainly caused an increase of the deposit amount.

Other financial income includes fair value through profit and loss of quoted equity instruments for which is nil as of June 30, 2022 and €2.6 million as of June 30, 2021.

Total financial expense is mainly composed of €75.9 million and €71.8 million as of June 30, 2022 and 2021 respectively related to the Yamal redeemable financial liability fair value measurement (Note 20).

Interest expense includes lease interest for €2.3 million, and €3.4 million as of June 30, 2022, and 2021 respectively.

Other financial expense includes fair value through profit and loss of quoted equity instruments for €5.6 million and €8.3 million as of June 30, 2022, and 2021 respectively.

Technip Energies N.V. is incorporated in the Netherlands. However, for income tax purposes Technip Energies N.V. is resident in France. Therefore, Technip Energies N.V. earnings are subject to tax at the French statutory tax rate of 25.83% (vs 28.41% in 2021).

Technip Energies Group income taxes for the six months ended June 30, 2022 and 2021 reflected effective tax rates of 34.11% and 33.7% respectively.

The Technip Energies Group effective tax rate can fluctuate depending on its country mix of earnings since the Technip Energies Group foreign earnings are generally subject to tax rates different than the one applicable in France.

As of June 30, 2022, developments associated to the conflict in Ukraine have been considered as an impairment indicator. The Group therefore performed a goodwill impairment test described in note “Use of critical accounting estimates, judgments and assumptions”. No impairment was recorded as of June 30, 2022 on Goodwill as a result of this exercise.

The Group’s intangible assets have not been exposed to significant events which might have caused to impair their carrying amounts.

In December 2021, net book value of right-of-use assets was €251.9 million which compares to €236.2 million as of June 30, 2022.

The principal type of assets composing the net book value as of June 30, 2022 is made of real estate for €230.6 million (of which Group’s headquarters).

A substantial portion of cash and securities are recorded or invested in either Euro or U.S. dollar which are frequently used by the Group within the framework of its commercial relationships. Cash and securities in other currencies correspond either to deposits retained by subsidiaries located in countries where such currencies are the national

currencies in order to ensure their own liquidity, or to amounts received from customers prior to the payment of expenses in these same currencies or the payment of dividends. Short-term deposits are classified as cash equivalents along with other securities.

Commercial paper

Under the commercial paper program, the Technip Energies Group through its treasury center company T.EN Eurocash SNC has the ability to access €750 million of short-term financing through commercial paper dealers. As of June 30, 2022, the Technip Energies Group’s Euro based commercial paper borrowings had a weighted average interest rate of (0.2357)%.

Revolving Facility and Bridge Facility

On February 10, 2021, Technip Energies N.V. and T.EN Eurocash SNC entered into the Facilities Agreement with Crédit Agricole Corporate and Investment Bank, as Agent, and the lenders party thereto.

The Facilities Agreement provides for the establishment of a bridge facility in an amount of up to €650 million (the “Bridge Facility”), to which Technip Energies N.V. is the sole borrower and a revolving facility in an amount of €750 million (the “Revolving Facility”) to which Technip Energies N.V. and T.EN Eurocash SNC are the Borrowers. Subject to certain conditions, borrowers may request the aggregate commitments under the Revolving Facility to be increased by up to €250 million.

The Bridge Facility has been redeemed and terminated on May 31, 2021, upon issuance of €600 million of 1.125% senior unsecured notes by Technip Energies N.V. on May 28, 2021. The notes have a 7-year maturity, are currently rated BBB-by Standard & Poor’s, and are listed on Euronext Paris.

The Revolving Facility has an initial three-year tenor as from the Initial Availability Date (February 15, 2021) and may be extended twice by one year each time. On December 6, 2021, the first extension of the Revolving Facility was successfully completed.

The Revolving Facility is being made available in Euros only. The available capacity under the Revolving Facility is reduced by any outstanding commercial paper borrowings of T.EN Eurocash SNC.

The Revolving Facility contains usual and customary representations and warranties, mandatory prepayments and events of default for investment-grade credit facilities of this type. It also contains covenants restricting Technip Energies N.V.’s and its subsidiaries’ ability to incur additional securities and indebtedness, enter into asset sales, or make certain investments, but does not include any financial covenant.

From July 9, 2021, Technip Energies has implemented a liquidity agreement to enhance the liquidity of Technip Energies’ shares admitted to trading on Euronext Paris by maintaining a reasonable average daily turnover, reducing bid-ask spread, and monitoring volatility. The cash resources initially allocated to the liquidity agreement is €9.0 million. As of June 30, 2022, the Group acquired 207,823 shares in the capital of the Company for a total value of €2.1 million.

On January 14, 2022 the Group acquired 1,800,000 shares of the Company from TechnipFMC at €13.15 per share. As of June 30, 2022, these treasury shares are deduced from consolidated equity for a total value of €23.7 million.

As described in Note 9, on March 8, 2022, the Group utilized shares out of its treasury shares to serve March 2019 plan vested.

On March 22, 2022, Technip Energies Group launched a share buy-back program of up to €29.8 million to be executed until December 31, 2022. This program provides for the repurchase of up to 1.5 % of the Company’s issued share capital, the maximum number of shares that could be acquired would be 2.7 million shares. The share buy-back program is executed in accordance with the authorization of the Boards of Directors and the provisions of the Market Abuse Regulation (EU) 596/2014, Commission Delegated Regulation (EU) 2016/1052 and Rule 10b5-1(c) of the U.S. Securities Exchange Act of 1934 (as amended). The Company has appointed one broker to execute the share buy-back program in accordance with all applicable regulations on the regulated market of Euronext Paris. Technip Energies Group carries out the buy-back program, and holds the shares bought back as treasury stock, for the purpose of meeting the Company’s obligations under equity incentive plans. As of June 30, 2022, 1,496,892 shares have been purchased. These treasury shares are deducted from consolidated equity for a total value of €17.0 million.

During the financial years 2022 and 2021, there were no transfer between Level 1 and Level 2 fair value measurements, and no transfer into or out of Level 3 fair value measurements.

Investments — The fair value measurement of quoted equity instruments is based on quoted prices that the Technip Energies Group has the ability to access in public markets.

Mandatorily redeemable financial liability — Management determined the fair value of the mandatorily redeemable financial liability using a discounted cash flow model. The key assumptions used in applying the income approach are the selected discount rates and the expected dividends to be distributed in the future to the non-controlling interest holders.

Expected dividends to be distributed are based on the non-controlling interests’ share of the expected profitability of the underlying contract, the selected discount rate, and the overall timing of completion of the project. The fair value measurement is based upon significant inputs not observable in the market and is consequently classified as a Level 3 fair value measurement.

Changes in the fair value of Level 3 mandatorily redeemable financial liability (Note 17. Other liabilities (non-current and current)) are presented in the below table. Over the periods presented, the Technip Energies Group consolidated the total results of the Yamal entities and recorded a mandatorily redeemable financial liability representing the Group’s dividend obligation.

The management of the Technip Energies Group derivatives and hedge accounting was carried out centrally by Technip Energies as of June 30, 2022.

For purposes of mitigating the effect of changes in exchange rates, Technip Energies holds derivative financial instruments to hedge the risks of certain identifiable and anticipated transactions and recorded assets and liabilities in the condensed consolidated statement of financial position. The types of risks hedged are those relating to the variability of future earnings and cash flows caused by movements in foreign currency exchange rates. The Technip Energies Group’s policy is to hold derivatives only for the purpose of hedging risks associated with anticipated foreign currency purchases and sales created in the normal course of business and not for trading purposes where the objective is solely or partially to generate profit.

Generally, Technip Energies enters into hedging relationships such that changes in the fair values or cash flows of the transactions being hedged are expected to be offset by corresponding changes in the fair value of the derivatives. For derivative instruments that qualify as a cash flow hedge, the effective portion of the gain or loss of the derivative, which does not include the time value component of a forward currency rate, is reported as a component of OCI and

reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. For derivative instruments not designated as hedging instruments, any change in the fair value of those instruments is reflected in earnings in the period such change occurs.

For further information on foreign currency risk exposure and management, refer to Note 22. Market related exposure.

Technip Energies used the following types of derivative instruments: foreign exchange rate forward contracts. In general embedded derivative instruments are separated from the host contract if the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to those of the host contract and the host contract is not marked-to-market at fair value. The purpose of these instruments is to hedge the risk of changes in future cash flows of highly probable purchase or sale commitments denominated in foreign currencies and recorded assets and liabilities in the condensed consolidated statement of financial position.

As of June 30, 2022, and December 31, 2021, the Group held the following material net positions:

Fair value amounts for all outstanding derivative instruments have been determined using available market information and commonly accepted valuation methodologies. Accordingly, the estimates presented may not be indicative of the amounts that Technip Energies would realize in a current market exchange and may not be indicative of the gains or losses Technip Energies may ultimately incur when these contracts are settled.

The Technip Energies Group did not recognize any ineffectiveness result as of June 30, 2022, but recognized losses of €1.5 million as of June 30, 2021, due to discontinuance of hedge accounting as it was probable that the original forecasted transaction would not occur. Cash

flow hedges of forecasted transactions, net of tax, resulted in accumulated other comprehensive loss of €(50.6) million and €(12.3) million at June 30, 2022 and 2021 respectively. The Technip Energies Group expects to transfer an approximately €(40.9) million loss from accumulated Other Comprehensive Income to earnings during the next 12 months when the anticipated transactions actually occur. All anticipated transactions currently being hedged are expected to occur by the second quarter of 2026.

The following tables present the location of gains (losses) in the consolidated statement of income related to derivative instruments designated as cash flow hedges:

Receivables, payables, revenues and expenses which are included in the condensed consolidated financial statements as transactions with related parties, defined as entities related to Technip Energies’ directors and Technip Energies’

main shareholders as well as direct and indirect affiliates of Technip Energies and the partners of the Technip Energies Group’s joint ventures, were as follows:

Chiyoda and JGC Corporation are joint venture partners on Yamal and Qatar North Field East projects. Saipem and Nipigas are joint venture partners on the Arctic LNG 2 project. CTEP France and Japan are joint-ventures

  Revenue consisted of amounts with the following related parties:

established to carry-out our performance obligation under the Qatar NFE Project and are accounted for using the equity method.

The primary objectives of liquidity management consist of meeting the continuing funding requirements of Technip Energies global operations with cash generated by such operations and Technip Energies existing Commercial Paper program.

Cash pooling and external financing are largely centralized at T.EN Eurocash SNC. Funds are provided to Technip Energies companies on the basis of an “in-house banking” solution.

The financing requirements of Technip Energies companies are determined on the basis of short and medium-term liquidity planning. The financing is controlled and implemented centrally on a forward-looking basis in accordance with the planned liquidity requirements or surplus. Relevant planning factors taken into consideration

include operating cash flow, capital expenditures, divestments, margin payments and the maturities of financial liabilities.

Commercial paper program and credit facility

Under the Commercial paper program, Technip Energies, through its treasury center T.EN Eurocash SNC, has the ability to access up to €750.0 million of financing through its commercial paper dealers. Technip Energies had respectively €70.0 million and €80.0 million of commercial paper issued under the facility as of June 30, 2022, and December 31, 2021. Refer to Note 18. Debt (long and short-term) for more details.

Technip Energies conducts operations around the world in a number of different currencies. Many of the Technip Energies Group’s significant foreign subsidiaries have designated the local currency as their functional currency. Earnings are therefore subject to change due to fluctuations in foreign currency exchange rates when the earnings in foreign currencies are translated into Euro. The Technip Energies Group does not hedge this translation impact on earnings.

When transactions are denominated in currencies other than the respective functional currencies of the applicable subsidiaries of the Technip Energies Group, the Group manages these exposures through the use of derivative instruments. The Group primarily uses foreign currency forward contracts to hedge the foreign currency fluctuations associated with firmly committed and forecasted foreign currency denominated payments and receipts.

The derivative instruments associated with these anticipated transactions are usually designated and qualify as cash flow

hedges, and as such the gains and losses associated with these instruments are recorded in other comprehensive income until such time that the underlying transactions are recognized. Unless these cash flow contracts are deemed to be ineffective or are not designated as cash flow hedges at inception, changes in the derivative fair value will not have an immediate impact on results of operations since the gains and losses associated with these instruments are recorded in other comprehensive income. When the anticipated transactions occur, these changes in value of derivative instrument positions will be offset against changes in the value of the underlying transaction.

When an anticipated transaction in a currency other than the functional currency of an entity is recognized as an asset or liability on the statement of financial position, we also hedge the foreign currency fluctuation of these assets and liabilities with derivative instruments after netting the Technip Energies Group’s exposures worldwide. These derivative

instruments do not qualify as cash flow hedges.

Occasionally, the Technip Energies Group enters into contracts or other arrangements containing terms and conditions that qualify as embedded derivative instruments and are subject to fluctuations in foreign exchange rates. In those situations, the Technip Energies Group enters into derivative foreign exchange contracts that hedge the price or cost fluctuations due to movements in the foreign exchange rates. These derivative instruments are not designated as cash flow hedges.

For certain committed and anticipated future cash flows and recognized assets and liabilities that are denominated in a foreign currency the Technip Energies Group may choose to manage risk against changes in the exchange rates, when compared against the functional currency, through the economic netting of exposures instead of derivative instruments.

Cash outflows or liabilities in a foreign currency are matched against cash inflows or assets in the same currency such that movements in exchange rates will result in offsetting gains or losses.

Due to the inherent unpredictability of the timing of cash flows, gains and losses in the current period may be economically offset by gains and losses in a future period. All gains and losses are recorded in the condensed consolidated statement of income in the period in which they are incurred. Gains and losses from the remeasurement of assets and liabilities are recognized in other income (expense), net.

The Technip Energies Group is generally financed using the internal cash pooling system. Cash pooling balances earn and bear interest on normal market terms and conditions (rates of interest for specific maturities and currencies). Individual members of the Technip Energies Group that are not included in the internal cash pool due to legal restrictions arrange financing independently or with discrete intercompany loans at arm’s length terms and conditions or deposit their excess liquidity with leading local banks.

The Technip Energies Group assesses effectiveness of forward foreign currency contracts designated as cash flow hedges based on changes in fair value attributable to changes in spot rates. The Technip Energies Group excludes the impact attributable to changes in the difference between the spot rate and the forward rate for the assessment of hedge effectiveness and recognizes the change in fair value

of this component immediately in earnings. Considering that the difference between the spot rate and the forward rate is proportional to the differences in the interest rates of the countries of the currencies being traded, the Technip Energies Group has exposure in the unrealized valuation of its forward foreign currency contracts to relative changes in interest rates between countries in its results of operations.

Based on the Technip Energies Group’s portfolio as of June 30, 2022, the Technip Energies Group has material positions with exposure to interest rates in the United States of America and the European Union.

The Technip Energies Group’s fixed rate borrowings include commercial paper. There are no floating rate borrowings.

Valuations of derivative assets and liabilities reflect the value of the instruments, including the values associated with counterparty risk. These values must also take into account the Technip Energies Group’s credit standing, thus including in the valuation of the derivative instrument the value of the net credit differential between the counterparties to the derivative contract. The methodology includes the impact of both counterparties and such entity’s own credit standing. Adjustments to derivative assets and liabilities related to credit risk were not material for any period presented.

By their nature, financial instruments involve risk, including credit risk, for non-performance by counterparties. Financial instruments that potentially subject the Technip Energies Group to credit risk primarily consist of trade receivables, contract assets, contractual cash flows from debt instruments (primarily loans), cash equivalents and deposits with banks, as well as derivative contracts. The Technip

Energies Group manages the credit risk on financial instruments by transacting only with what management believes are financially secure counterparties, requiring credit approvals and credit limits, and monitoring counterparties’ financial condition. The maximum exposure to credit loss in the event of non-performance by the counterparty is limited to the amount drawn and outstanding on the financial instrument. The Technip Energies Group mitigates credit risk on derivative contracts by executing contracts only with counterparties that consent to a master netting agreement, which permits the net settlement of gross derivative assets against gross derivative liabilities.

The Group has applied the IFRS 9 simplified approach to measuring expected credit losses which uses a lifetime expected loss allowance for all trade receivables and contract assets.

In the ordinary course of business the Technip Energies Group enters into standby letters of credit, performance bonds, surety bonds and other guarantees with financial institutions for the benefit of its customers, vendors and other parties. The majority of these financial instruments expire within five years. Management does not expect any of

these financial instruments to result in losses that, if incurred, would have a material adverse effect on the Technip Energies Group’s condensed consolidated financial position, consolidated results of operations or consolidated cash flows.

The Group is involved in various pending or potential legal actions or disputes in the ordinary course of business. Management is unable to predict the ultimate outcome of these actions because of their inherent uncertainty. However, management believes that the most probable, ultimate resolution of these matters will not have a material adverse effect on the Technip Energies Group’s consolidated financial position, consolidated results of operations or consolidated cash flows.

In late 2016, TechnipFMC was contacted by the DOJ regarding its investigation of offshore platform projects awarded between 2003 and 2007, performed in Brazil by a joint venture company in which TechnipFMC was a minority participant. Subsequently TechnipFMC raised with the DOJ certain other projects performed by TechnipFMC subsidiaries in Brazil between 2002 and 2013. The DOJ inquired also about projects in Ghana and Equatorial Guinea that were awarded to TechnipFMC subsidiaries in 2008 and 2009, respectively. TechnipFMC cooperated with the DOJ in its investigation into the potential violations of the U.S. Foreign Corrupt Practices Act (“FCPA”) in connection with these projects and contacted and cooperated with the Brazilian authorities (the Federal Prosecution Service (“MPF”), the Comptroller General of Brazil (the “CGU”) and the Attorney General of Brazil (“AGU”)) as relates to their investigation concerning the projects in Brazil.

On June 25, 2019, TechnipFMC announced a global resolution to pay a total of $301.3 million to the DOJ, the MPF, and the CGU/AGU to resolve these anti-corruption investigations, of which $281.3 million related to Technip Energies’ business. As part of this resolution, TechnipFMC entered into a three-year deferred prosecution agreement with the DOJ arising out of charges of conspiracy to violate the FCPA related to conduct in Brazil and other matters (the “DPA”). In addition, Technip USA, Inc (renamed since Technip Energies USA, Inc.), a U.S. subsidiary, pled guilty to one count of conspiracy to violate the FCPA related to conduct in Brazil. Technip Energies N.V. and Technip Energies USA submitted a final report as well as the certification required under the DPA on May 25, 2022. By its term, the DPA expired on June 25, 2022. The Company is now awaiting for the DPA to be officially dismissed by the court in which it was filed (Eastern District of New York). The court’s dismissal is expected before the end of the year.

In addition, Technip Energies is subject to an ongoing investigation by the French Parquet National Financier (“PNF”) related to the above referenced projects in Equatorial Guinea and Ghana. Furthermore, Technip Energies was informed by the PNF in Q1 2021 that the PNF was reviewing historical projects in Angola. To date, the investigation by the PNF has not reached resolution. Technip Energies and TechnipFMC are cooperating, and Technip Energies remains committed to finding a resolution with the PNF.

There is no certainty that a settlement with the PNF will be reached. The PNF has a broad range of potential sanctions under anticorruption laws and regulations that it may seek to impose in appropriate circumstances including, but not limited to, fines, penalties, and modifications to business practices and compliance programs. Any of these measures, if applicable to Technip Energies, as well as potential customer reaction to such measures, could have a material adverse impact on its financial position or profitability. The financial consequences of these investigations are to be retained by TechnipFMC by way of an indemnity provided by TechnipFMC to Technip Energies under the Separation and Distribution Agreement. If Technip Energies cannot reach a resolution with the PNF, it could be subject to criminal proceedings in France, the outcome of which cannot be predicted.

Contingent liabilities associated with liquidated damages

Some of the Technip Energies Group’s contracts contain provisions that require the relevant Technip Energies Group company to pay liquidated damages if such company fails to meet specified contractual milestone dates and the customer asserts a claim. These contracts define the conditions under which customers may make claims for liquidated damages. Based upon the evaluation of Technip Energies Group’s performance and other commercial and legal analysis, management believes that the Group has appropriately recognized probable liquidated damages as of June 30, 2022 and 2021, and that the ultimate resolution of such matters will not materially affect its consolidated financial position, consolidated results of operations, or consolidated cash flows.

Reference to the Conceptual Framework – Amendments to IFRS 3

In May 2020, the IASB issued amendments to IFRS 3. The amendments are intended to replace a reference to a previous version of the IASB’s Conceptual Framework. These amendments add an exception to the recognition principle of IFRS 3 to avoid the issue of potential “day 2” gains or losses arising for liabilities and contingent liabilities that would be within the scope of IAS 37 and IFRIC 21 if incurred separately. The exception requires entities to apply the criteria in IAS 37 or IFRIC 21, respectively, instead of the Conceptual Framework, to determine whether a present obligation exists at the acquisition date. At the same time, the amendments add a new paragraph to IFRS 3 to clarify that contingent assets do not qualify for recognition at the acquisition date.

Property, Plant and Equipment: Proceeds before Intended Use – Amendments to IAS 16

The amendments prohibit entities from deducting from the cost of an item of property, plant and equipment (PP&E), any proceeds of the sale of items produced while bringing that asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Instead, an entity recognizes the proceeds from selling such items, and the costs of producing them, in the income statement.

Onerous Contracts – Costs of Fulfilling a Contract – Amendments to IAS 37

In May 2020, the IASB issued amendments to IAS 37 to specify which costs an entity needs to include when assessing whether a contract is onerous or loss-making. The amendments apply a “directly related cost approach”. The costs that relate directly to a contract to provide goods or services include both incremental costs and an allocation of costs directly related to contract activities. General and administrative costs do not relate directly to a contract and are excluded unless they are explicitly chargeable to the counterparty under the contract.

Annual improvements to IFRS standards 2018-2020

As part of its process to make non-urgent but necessary amendments to IFRS Standards, the IASB has issued the Annual Improvements to IFRS Standards 2018–2020. Annual improvements make minor amendments to:

IFRIC decision on TLTRO III (IFRS 9 and IAS 20)

In March 2022, the IFRS Interpretations Committee published its decision on TLTRO III transactions. The Committee has received a request about how to account for the third programme of the targeted longer-term refinancing operations (TLTROs) of the European Central Bank (ECB). The

TLTROs link the amount a participating bank can borrow and the interest rate the bank pays on each tranche of the operation to the volume and amount of loans it makes to non-financial corporations and households. The Committee concluded that IAS 20 provides an adequate basis for the bank to assess whether TLTRO III tranches contain a portion that is treated as a government grant in IAS 20 and, if so, how to account for that portion. Regarding the question of how conditionality related to the contractual interest rate is reflected in the estimates of expected future cash flows when calculating the effective interest rate at initial recognition or in the revisions of estimated future cash-flows on subsequent measurement of the financial liability, the Committee concluded that the matters described in the request are part of a broader matter that, in isolation, are not possible to address in a cost-effective manner and should be reported to the IASB.

IFRIC decision on demand deposits with restrictions on use arising from a contract with a third party (IAS 7)

In April 2022, the IFRS Interpretations Committee published its decision on demand deposits with restrictions. The Committee has received a request about whether an entity includes a demand deposit as a component of cash and cash equivalents in its statements of cash-flows and financial position when the demand deposit is subject to contractual restrictions on use agreed with a third party. The Committee concluded that restrictions on the use of a demand deposit arising from a contract with a third party do not result in the deposit no longer being cash, unless those restrictions change the nature of the deposit in a way that it would no longer meet the definition of cash in IAS 7.

IFRIC decision on principal versus agent: Software reseller (IFRS 15)

In May 2022, the IFRS Interpretations Committee published its decision on software reseller. The Committee has received a request asking whether, in applying IFRS 15, a reseller of software licenses is a principal or an agent. The Committee concluded that, in the fact pattern described in the request, the promised goods in the reseller’s contract with the customer are the standard software licenses. Because the standard software licenses are the only promised goods in the contract with the customer, they are distinct goods to be provided to the customer. Those licenses are therefore the specified goods to be provided to the customer as described in IFRS 15. The Committee concluded that the principles and requirements in IFRS Accounting Standards provide an adequate basis for a reseller to determine whether it is a principal or agent for the standard software licenses provided to a customer.

The above-mentioned new amendments, interpretations and improvements effective on January 1, 2022, did not have a significant impact on the Company’s condensed consolidated financial statements for the half-year.