自烏克蘭衝突開始以來，Technip Energy 一直致力於照顧本國人民，並停止在俄羅斯尋找新的商業機會。我們的活動是在遵守所有適用法律的情況下進行的；我們的首要任務是保護我們所有利益相關者的利益。

2022年4月8日，歐盟制裁針對與液化天然氣相關的商品和技術。這些自然會對我們在俄羅斯唯一正在進行的項目-北極LNG 2的未來執行產生更直接的影響。鑑於這些制裁的升級，公司一直在相關合同框架內與客户、合作伙伴和供應商合作，以採取與北極LNG 2相關的適當措施。公司預計該項目的資產負債表狀況和相關的合同保護將足以 履行其遵守適用制裁的各種合同義務。

在烏克蘭危機之前，歐洲天然氣短缺推高了天然氣價格，刺激了需求和項目活動。這場戰爭加劇了這一趨勢，歐洲迫切需要確保供應。歐洲要想減少對俄羅斯天然氣的依賴，將需要大量投資。雖然來自挪威等國的可再生能源和更多管道天然氣的加速發展可能會有所幫助，但該公司認為，歐洲絕大多數的天然氣需求將來自液化天然氣，因為液化天然氣本質上比管道天然氣更靈活。

歐洲正在迅速制定增加液化天然氣進口的計劃，該公司 認為北美和中東是目前最適合做出迴應的地區。目前的情況還意味着，從長遠來看，液化天然氣的結構性價值會更高。除了傳統的大型列車出口終端(這是自然需要的)之外，包括浮動LNG和中型LNG在內的其他解決方案的可行性已經大幅提高。該公司的領導地位和經驗使其在FLNG中處於有利地位；該公司可以利用其專有的SnapLNG 概念-這是一種模塊化、低碳和無甲烷的解決方案，第一次投放的時間縮短。該公司將利用這一概念為美國德克薩斯液化天然氣公司提供原料，這是一份在2022年上半年獲得的FID前合同。

本公司仍然相信，天然氣(尤其是液化天然氣)的長期基本面仍然強勁，因為天然氣作為過渡燃料發揮着關鍵作用，特別是通過設計低碳到零碳的液化天然氣基礎設施。事實上，歐盟議會已經投票贊成將天然氣納入其可持續的金融分類。該公司相信，碳捕獲和其他脱碳解決方案的集成將用於未來新的液化天然氣基礎設施的開發。

此外，本公司有信心在能源轉型期間繼續成功地 交付其多元化積壓的項目及實施其增長策略。該公司的戰略以幫助客户應對新的能源挑戰為中心，這一點比以往任何時候都更加重要，因為當前的能源危機可能會加速能源轉型和能源獨立議程。

自2021年初的低點以來，原油價格已大幅上漲，隨着全球經濟活動的恢復，2022年上半年石油價格上漲約50%(天然氣價格上漲約40%)。傳統的石油和天然氣項目FID經歷了延遲，原因是新冠肺炎涉及 不確定性，以及將投資轉向能源轉型或低碳密集型項目的明顯趨勢。能源行業多年的投資不足也是2022年上半年能源市場高度波動的原因之一。高水平的通脹加上全球經濟衰退的擔憂加劇了不確定性，但該行業面臨着政治壓力，要求其投資於新的生產，能源供應的安全至上，尤其是在歐洲。

煉油和石化市場經歷了一些投資決策 在中國、印度、中東、歐洲和北美宣佈了綜合煉油和石化項目。雖然新的綠地項目活動目前仍然有限，但乙烯市場的勢頭正在增長，公司預計未來幾個季度和幾年將批准大量新產能。

該公司正在尋求加強其在不斷增長的可持續化學市場的定位，例如最近授予內斯特位於鹿特丹的可再生產品煉油廠的獎項，以及在開發塑料循環和生物化學技術方面的各種行業合作。可再生燃料市場出現了積極的趨勢--可再生柴油和可持續航空燃料(到2030年產量將增加兩倍)，以及第二代乙醇生產。

在一個非常活躍的低碳/清潔氫氣市場中，通過利用我們的技術擴展和集成技能以及公司在模塊化解決方案方面的專業知識，該公司正在發展其在該市場的地位。在2021年期間，該公司觀察到客户對綠色氫氣項目的參與度發生了階段性變化 ，這導致可進入的市場機會增加了7倍，總裝機容量超過20吉瓦。本公司已經進行了多項綠色氫氣研究，包括一些到成熟階段的研究，雖然到目前為止項目獲獎勢頭緩慢，但2022年7月，公司宣佈了澳大利亞Yuri綠色氫氣項目的EPCC合同。

浮式海上風電市場的發展勢頭在上半年有所加快，本公司繼續預計到2030年及以後仍有指數增長的潛力。該公司正在與幾項浮式技術合作，例如其內部的INO15™，這是一種具有成本競爭力的浮式海上風電基礎解決方案 ，它展示了公司的目標，即通過整合未來渦輪機技術的高效和堅固的設計來滿足市場需求。Equinor已經選擇了這項技術用於其在韓國附近的螢火蟲開發，在韓國，Technip Energy也在進行餵食。同樣在2022年上半年，本公司收購了浮式海上風電公司指數可再生能源公司(也稱為X1 Wind)16.3%的股份，該公司擁有創新和顛覆性的海上風力渦輪機浮子，具有重大的環境和運營效益。

俄羅斯

價格波動和
材料供應減少

本公司將繼續監測由於資源短缺、產能減少以及新冠肺炎疫情後重新開始的活動造成的重大物流瓶頸導致的原材料和勞動力成本變化所造成的影響，這些活動受到俄羅斯入侵烏克蘭和相關制裁的進一步影響。

在2022年下半年，確保獲得關鍵原材料，特別是鎳和銅以及半導體將是關鍵。能源供應的可能短缺可能會增加市場的不穩定性，並影響生產成本(特別是依賴高能源投入的製造業)和其他成本 (包括勞動力)。

在這種環境下，公司延長招標的能力 可能需要額外的努力，以緩解公司向客户提供的投標條款與其確保承諾的項目投入的能力之間的差距。合同條款，包括規定可報銷或可調整價格的合同機制，可在公司能夠協商的範圍內為公司提供一定程度的保護。

對於已經提交的項目投標，由於訂購的材料和設備延遲交付的風險，以及在訂購階段沒有獲得合同保護的價格上漲，公司可能會受到不利影響。如果該公司已獲得合同規定的提價或延遲交貨的條款，公司的供應商仍可能面臨不可持續的提價，從而危及期權的有效性，甚至按約定的合同價值完成採購訂單。比招標階段商定的交付時間長 也可能影響項目的進度和盈利能力。

全球範圍內的運輸限制和增加的運輸成本也在影響項目執行。該公司正在調整其航運戰略，包括尋求長期租用船隻，以便更積極地管理交付時間表。為此，已設立了一個專門部門。

該公司還在採取一系列措施，包括尋求確定可能簽訂預先承諾協議的設備，以鎖定價格，以將影響降至最低波動性，使公司的供應商基礎多樣化，包括確定新的替代供應商(和必要時的子供應商)，審查合同談判階段將包括的合同條款，加強對供應商的監督

執行，特別是在子訂單級別，監控供應商的財務資金，並監控價格變化，以選擇最佳授予時機(始終考慮對項目進度的任何影響)。公司還將在決定繼續授予合同時評估成本和進度影響的風險。

新冠肺炎

雖然歐洲的新冠肺炎疫情目前已有所改善，但在公司運營的世界許多地區，該疫情仍是一個持續限制的來源。如上所述，這對公司的運營產生了影響，包括供應鏈中斷、生產率下降和物流 限制。

能源短缺

由於俄羅斯入侵烏克蘭，俄羅斯對西歐國家的石油和天然氣供應日益受到限制，價格大幅上漲，並可能對2022-2023年冬季的發電造成嚴重影響。如果這導致歐洲出現物質電力短缺，各國政府可能需要考慮配給措施。雖然該公司的製造設施有限，會受到能源配給的影響(其在法國的T.EN加載系統、Cybernetix和CyXplus工廠)，但能源短缺可能會導致業務連續性問題(無論是在製造地點還是在辦公室)。針對這一風險，將對能源消耗和空間佔用情況進行分析。

財務風險

請參閲附註20.2。衍生金融工具，以説明本公司為對衝金融風險而訂立的衍生工具，以及附註22。與市場相關的風險敞口，討論公司可能面臨的某些財務風險。

法律程序

請參閲附註23.2。與法律相關的負債 截至2022年6月30日的半年度簡明綜合財務報表中的或有負債，用於描述本公司的訴訟程序。

其他風險

有關集團在2022年下半年可能面臨的其他風險的描述，請參閲公司2021年年報的第4章風險和風險管理，以及公司2021年年報的第2.6.運營和財務回顧部分。

請仔細考慮上文所述的具體風險和不確定性以及本中期管理報告中包含的其他信息，因為這些都是可能導致公司的實際結果、業績或成就與公司的預期或歷史結果大不相同的重要因素 。

本中期管理報告包含前瞻性陳述，反映公司的意圖、信念或當前對公司未來經營業績、財務狀況、流動性、業績、前景、預期增長、戰略和機會以及公司所處市場的預期和預測。前瞻性陳述通常與未來事件和預期的收入、收益、現金流或公司運營或經營結果的其他方面有關。前瞻性陳述通常由“相信”、“預期”、“預期”、“計劃”、“打算”、“預見”、“應該”、“將”、“可能”、“可能”、“估計”、“展望”以及類似的表達方式來識別，包括其否定意義。然而，沒有這些詞語並不意味着這些陳述不具有前瞻性。這些前瞻性陳述基於公司目前對未來發展和業務狀況及其對公司的潛在影響的預期、信念和假設。

雖然本公司相信這些前瞻性陳述在作出時是合理的，但不能保證影響本公司的未來發展會是本公司預期的發展。

公司的所有前瞻性陳述都涉及風險和 不確定性(其中一些重大或超出公司控制範圍，如俄羅斯入侵烏克蘭、相關制裁以及這些制裁將對我們和/或我們的客户在俄羅斯境內或與俄羅斯有關的活動產生的影響) 以及可能導致實際結果與公司歷史大不相同的假設

經驗和公司目前的期望或預測。

如果這些風險或不確定性中的一個或多個成為現實，或者基本假設被證明是不正確的，實際結果可能與前瞻性陳述中陳述的結果大不相同。

其中一些因素在本中期管理報告中進行了討論，特別是在第1.3節，主要風險和不確定因素中進行了討論。風險也在公司2021年年報第4章《風險和風險管理》第3.2.2節《ESG風險管理》和第2.6節《運營和財務回顧》中討論。這些討論討論了可能影響公司未來業績和公司運營市場的因素。鑑於公司的信念、假設和預期可能發生變化，本中期管理報告中描述的前瞻性事件可能不會發生。

本公司目前未知的其他風險或截至本中期管理報告日期本公司尚未被認為具有重大意義的其他風險也可能導致本中期管理報告中討論的前瞻性事件無法發生。前瞻性陳述涉及固有的風險和不確定因素， 僅在發表之日發表。公司沒有義務也不一定會根據新信息或未來事件更新任何前瞻性陳述，除非適用法律要求。

附註是簡明綜合財務報表的組成部分。

本文中使用的“Technip Energy Group”、“Technip Energy”、“The Group”、“Company”或“Us”是指Technip Energy N.V.和合並範圍內的所有公司。“Technip Energy N.V.”僅指本集團的母公司。

除非另有説明，簡明合併財務報表以百萬歐元為單位列報。

這些簡明綜合財務報表由董事會負責編制，並於2022年7月26日獲得董事會批准。

Technip Energy N.V.是一家總部位於荷蘭阿姆斯特丹的公司，主要業務地址為法國南特雷塞德克斯10266號法國德芳斯大道2126號。

作為收入最高的工程技術公司(“E&T”) 之一，Technip Energy Group為其下游價值鏈上的客户提供全方位的設計和項目開發服務，從前期的技術諮詢到最終的驗收測試。

該集團的核心目標是結合其E&T能力， 為世界能源轉型提供新的能源解決方案和應用。

該集團的業務重點是研究、設計、採購、建設和管理與天然氣貨幣化、乙烯、氫氣、煉油和生物燃料和碳氫化合物化學加工相關的全部陸上和海上設施。Technip Energy經常在氣候條件惡劣的環境中開展大規模、複雜和具有挑戰性的項目。該集團依靠早期參與和前端設計以及流程設計和工程的技術訣竅，通過整合來自其專有技術或聯盟合作伙伴的技術。Technip Energy尋求整合和發展

先進技術和強化集團的項目執行能力 。

該集團還為其他關鍵行業提供支持服務，如生命科學、可再生能源、採礦、金屬和核能。

Technip Energy Group認為，它能夠為客户提供全面的技術、產品、項目和服務組合，這是它有別於競爭對手的地方。該集團的能力範圍從可行性研究、諮詢服務、工藝技術訣竅、專有設備和項目管理到全面的工程和施工。集團在集成工藝技術(無論是專有技術還是來自第三方許可方的技術)方面的專業知識促進了早期的項目參與，並對項目經濟產生了重大影響。

該集團與世界上一些最知名的石油和天然氣公司合作，在全球範圍內提供技術、設備和建築。此外，集團的項目管理諮詢服務利用其在管理複雜項目方面的專業知識，使其客户受益。

簡明綜合財務報表乃根據國際會計準則委員會(“IASB”)頒佈並經歐洲聯盟(“UE”)認可的國際財務報告準則(“IFRS”) 編制，尤其是根據IAS 34， 中期財務報告(“IAS 34”)提供的中期財務資料。

截至2022年6月30日和2021年6月30日止六個月期間的簡明財務報表中適用的合併原則和會計政策與我們在截至2021年12月31日的年度合併財務報表中適用和詳述的原則和會計政策一致，但下列具體要求除外：

截至2022年6月30日，與離職後福利和其他長期福利相對應的債務數額是通過在半年內預測上一年的債務，並考慮到已支付的福利來計算的。

所得税(當期和遞延)是通過將本年度各實體或税組的估計年平均税率應用於綜合集團的税前利潤來計算的。本期內任何重大非經常性項目的所得税，按有關項目適用的實際所得税税率計算。

編制簡明綜合財務報表要求管理層在資產負債表日或影響資產負債及費用報告金額的期間作出某些估計和假設。

請參閲註釋1.7。在Technip Energy Group截至2021年12月31日的年度合併財務報表中使用關鍵會計估計、判斷和假設，以討論關鍵會計估計、判斷和假設。在截至2022年6月30日的六個月期間，已確定的關鍵會計估計、判斷和假設沒有變化。

烏克蘭衝突以及對俄羅斯和白俄羅斯實施的制裁對商業活動構成重大挑戰，並給這類活動的預期發展帶來一定程度的不確定性。專家組在編制半年財務報表時考慮了衝突造成的直接和間接風險敞口，其評估如下。

非金融資產減值準備

非金融資產商譽和減值的會計原則，見第9.1.6節。合併財務報表附註-附註1.年度報告中的會計原則自2022年6月30日起繼續適用。

鑑於烏克蘭衝突造成的重大事態發展，Technip Energy在編制中期財務報表時考慮了衝突的影響。考慮到本集團活動的性質及其目前的投資組合，衝突和伴隨的一攬子制裁對財務報表產生了影響，主要原因是匯率波動、業務限制，包括供應鏈可能中斷，影響產品成本並導致延誤或 無法採購產品。

國際會計準則第36號“資產減值”要求管理層在每個報告日期考慮 是否有任何跡象表明資產可能減值。在目前不確定的環境下可收回的數額需要仔細評估現金流預測。

考慮到上述情況，Technip Energy在用於內部管理目的監測商譽的水平上進行了商譽減值測試，該水平與Technip Energy的CGU(項目交付和技術、產品和服務)相對應。

與北極LNG 2項目有關的淨現金流以及在俄羅斯的新商機已被排除在預期財務信息之外。為了計算未來的現金流，Technip Energy使用了對經濟和市場假設的估計，這些假設反映了預期的全球經濟增長、 技術效率、政策措施、投資考慮(資本支出)、開發成本，並如上所述考慮了衝突的影響和後果。這些假設還包括對未來預期營業利潤率、税率、現金支出(包括與本集團能源轉型目標相關的支出)的估計。

用於商譽減值測試的CGU按收益法按折現現金流量法進行估值。收益法通過使用反映當前市場狀況和CGU風險狀況的加權平均資本成本對每個CGU估計的未來現金流進行貼現來估計使用價值。

下表顯示了兩個CGU的風險調整後税後貼現率 ：

在項目交付和技術、產品和服務方面，使用價值超過賬面價值的部分分別約為7.00億歐元和6.25億歐元。

因此，本集團就商譽進行的減值測試並無 導致減值。專家組還在這次演習中進行了敏感性分析。考慮到貼現率上升1.0%和長期增長率下降1.0%，使用價值超過賬面價值的項目交付約為5.68億歐元，技術、產品和服務約為4.43億歐元。

分配公司資產後，本集團減值測試活動的結論保持不變。

下表為CGU分配的商譽賬面金額：

於截至2022年6月30日止六個月期間及截至2021年12月31日止年度，Technip Energy Group並無記錄任何商譽減值開支。

除商譽外，本集團並無持有位於俄羅斯或會直接或間接受衝突影響的重大非金融資產。因此，截至2022年6月30日，該公司沒有記錄任何財產、廠房和設備、使用權或無形資產的減值。

金融工具減值和其他金融風險

在評估金融工具減值時，小組 考慮了烏克蘭衝突對其加權平均預期信貸損失率計量的潛在影響。對金融工具信用風險增加的分析是在集體基礎上進行的，在此期間，我們已要求本集團實體識別俄羅斯或與俄羅斯有聯繫的交易對手。通過採用這種“特別”方法，Technip Energy得出結論，這不會對用於衡量集團層面預期信貸損失的比率產生影響。北極LNG 2項目處於正現金流狀態，截至2022年6月30日，北極LNG 2項目的資產負債表狀況反映了本集團對其風險敞口和可收藏性水平的評估。

除北極液化天然氣2外，本集團與俄羅斯 外部第三方的頭寸並不重大，應收賬款被認為極有可能收回。

繼烏克蘭衝突及歐盟、美國當局及俄羅斯中央銀行等相繼實施的一系列制裁及反制裁措施後，本集團正監察其可能面臨的財務風險，例如信貸風險、流動資金風險及貨幣風險。我們可以報告，我們的賬面上不再有任何與盧布有關的外匯保險，也不再有任何與我們的財政中心有關的借記情況。俄羅斯子公司持有的現金頭寸在集團層面上並不重要，也沒有向俄羅斯實體或其他俄羅斯方提供貸款 。需要指出的是，Technip Energy並未持有大量盧布現金頭寸或位於俄羅斯的現金頭寸(現金和現金等值，見附註16。)。

與客户簽訂合同的收入

專家組評估了烏克蘭衝突對截至2022年6月30日的六個月期間收入確認的潛在影響，並得出結論，目前的事態發展不影響其確認收入的能力，也不影響對 年前六個月的可變考量的衡量。

執行的分析確認了確認 收入的標準。到目前為止，本集團認為任何到期的未償還對價都可以在該項目上收回。

儘管本集團的收入將因烏克蘭衝突相關制裁而無法在俄羅斯開展業務而受到影響，但暫停和終止北極LNG 2合同不會引起因合同處罰、違約金或可能給予北極LNG 2客户的價格優惠而產生的可變考慮。

北極LNG 2合同的資產負債表中不存在退款責任、終止罰款或其他 合同責任。

專家組沒有確定為履行北極液化天然氣2號合同下的履約義務而產生的重大額外費用，這些費用需要納入衡量進度和確認收入的成本比輸入法。

重大判斷和估計

在烏克蘭衝突引起的地緣政治不確定性的背景下，本集團管理層按照歐洲聯盟通過的適用制裁，在收入確認方面適用判斷，特別是北極液化天然氣2，並在其被授權確認收入的地方確認收入。

在估計減值測試可收回資產金額時所依據的假設已於六個月期間發生重大變動。這在“非金融資產減值”一節中有詳細説明。

就所進行的商譽減值測試而言，本集團的估計及所採用的假設已排除北極液化天然氣2項目的所有流量，亦未考慮俄羅斯的任何新商機。本集團預期不會在下個財政年度內對資產及負債的賬面金額作出重大調整。

持續經營的企業

在評估本集團作為持續經營企業的能力時，管理層已考慮到為應對烏克蘭衝突而採取的措施的潛在影響。儘管Technip Energy承認，目前的情況給企業經營帶來了不確定性以及全球和廣泛的潛在影響，但管理層認為，公司有足夠的資源在可預見的未來繼續運營 ，並且不存在與事件或條件相關的重大不確定性，這些事件或條件可能會使人對實體作為持續經營企業的能力產生重大懷疑。

因此，Technip Energy在編制簡明綜合財務報表時繼續採用持續關注基礎。

網絡影響

作為Technip Energy持續網絡安全戰略的一部分，集團定期審查外部威脅，並對照其現有系統和流程對其進行評估。鑑於這種情況，該集團通過結合其他技術和 服務來緩解已確定的任何其他威脅，從而提高了威脅監控能力。這些威脅可能來自多個國家，包括民族國家和政治黑客活動家。Technip Energy還通過額外的宣傳活動和補充培訓相結合，進一步提高了所有員工對這些威脅的認識。

2022年4月1日，本集團與勞合社集團Brit和Kiln續簽了其網絡保險保單 ，在本保單下提供的保險中明確排除了：

Technip Energy的運營可能會受到正常天氣模式變化的影響，例如更涼爽或更温暖的夏天和冬天。惡劣天氣情況，如颶風或極端冬季情況，可能會中斷或限制本集團或其客户的運營，導致供應中斷或生產力損失，並可能

提供這一信息是為了更好地瞭解結果，但根據國際會計準則第34號，管理層得出的結論是，這不是“高度季節性的”。

截至2022年6月30日的半年

本集團於截至2022年6月30日止六個月內並無任何重大收購及資產剝離。

截至2021年6月30日的半年

2021年4月27日，Technip Energy Group通過收購 ，將其在愛諾辛AS的參與度提高到100%

剩餘49.0%的Inocean股份，因為該集團尚未以200萬歐元擁有 。Inocean as已經完全合併。在收購之日，非控股權益的賬面價值為50萬歐元。

在本報告所述期間，首席執行官 回顧和評估了Technip Energy Group的運營業績，以作出有關資源的決定

並已被確定為首席運營決策者(“CODM”)。利用提供給CODM的內部報告信息，技術能量

集團已於2021年更改了其內部組織結構，並定義了指定為項目交付和技術、產品和服務的兩個部門。對運營部門業績的評估是基於

關於本集團的息税前利潤。按分部分列的損益表資料如下：

在截至2022年6月30日和2021年6月30日的六個月中，北極液化天然氣2和亞馬爾的收入超過Technip Energy綜合收入的10%。北油田擴建項目的收入也超過了Technip的10%

各分部財務狀況信息表如下：

Energy在截至2022年6月30日的六個月內的綜合收入。

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.