Gaztransport & Technigaz SA (OTCPK:GZPZF) Q3 2024 Earnings Conference Call October 25, 2024 12:15 PM ET

Company Participants

Jean-Baptiste Choimet – CEO of GTT
Thierry Hochoa – Group CFO
Jean-Baptiste Garnier – Investor Relations

Conference Call Participants

Richard Dawson – Berenberg
Jean-Luc Romain – CIC Market Solutions
Kevin Roger – Kepler Cheuvreux
Daniel Thomson – BNP Paribas Exane

Operator

Good afternoon. This is the conference operator. Welcome, and thank you for joining the GTT Third Quarter 2024 Activity Update Conference Call. As a reminder, all participants are in listen-only mode. After the presentation there will be an opportunity to ask questions. [Operator Instructions]

At this time, I would like to turn the conference over to Mr. Jean-Baptiste Choimet, CEO of GTT. Please go ahead, sir.

Jean-Baptiste Choimet

Thank you. Good evening, everyone. Thank you for joining us this Friday afternoon for our Q3 activity update. I am pleased to have Thierry Hochoa, our CFO, here with me today. Without further delay, let’s dive into the key highlights.

So let’s start with the key figures on the right part of the slide. In the third quarter, we maintained strong order momentum, bringing the total to 68 new LNG carriers orders since the start of the year. We also secured 12 ethane careers, including eight ultra large ethane carriers or ULEC, which will be the largest ethane carriers in the world. I will provide more details on these later in the presentation. Finally, we received an order for 12 LNG-powered container vessels, which will feature our 1 Barg [indiscernible] tank design. We also received an order for one bunker vessel.

For the first nine months, revenues stand at EUR465 million, marking a 55% increase compared to last year. Thierry will dive deeper into the numbers shortly. As for our guidance, I am pleased to report that in the