NATHALIE DELBREUVE IS APPOINTED ASCHIEF FINANCIAL OFFICER OF VALLOURECAND JOINS THE EXECUTIVE COMMITTEE Meudon (France), November 28, 2025 – Vallourec, a world leader in premium tubular solutions, announces today the appointment of Nathalie Delbreuve as Chief Financial Officer of the Group. She will join the Executive Committee and assume her new role as of December 1st, 2025. Nathalie Delbreuve was previously Chief Financial Officer of Verallia, the European leader and world’s third-largest producer of gla ...

VALLOUREC RECEIVES INVESTMENT GRADE RATING FROM MOODY'S AND S&PNOW RATED INVESTMENT GRADE BY ALL THREE MAJOR AGENCIES Meudon (France), November 27, 2025 – Vallourec, a world leader in premium seamless tubular solutions, announces further positive developments in its credit ratings from Moody’s and S&P Global, following the upgrade to Investment Grade by Fitch in April 2025. Specifically: Moody’s upgraded Vallourec’s issuer rating from Ba1 to Baa3, an Investment Grade rating with a stable outlookS&P Global u ...

Core Insights - Vallourec reported solid results for Q3 2025, with Group EBITDA margin reaching its highest level since Q1 2024, marking three consecutive years of around 20% EBITDA margin and positive cash generation [4][6][9] Financial Performance - Q3 2025 Group EBITDA was €210 million, a 12% increase sequentially, aligning with the midpoint of guidance [6] - EBITDA margin was strong at 23%, the highest since Q1 2024 [6] - Tubes EBITDA per tonne increased by over 25% sequentially to €621 [6] - Adjusted free cash flow was €69 million, with total cash generation of €67 million, and net debt reduced to €140 million [6] Market Dynamics - Robust demand in the US market, with stable customer drilling activity and improved market share, while imports are expected to slow due to higher steel tariffs [5][6] - A new Long-Term Agreement with Petrobras in Brazil is expected to expand market share and could generate up to $1 billion in revenue over four years [7] Strategic Initiatives - The company has made significant progress in crisis-proofing its business and achieving best-in-class profitability since the New Vallourec plan was announced in May 2022 [9] - The focus remains on improving return on invested capital and returning capital to shareholders, with proposed modifications to warrant terms for flexibility in shareholder returns [10] Future Outlook - Q4 2025 Group EBITDA is expected to range between €195 million and €225 million, with full-year EBITDA projected between €799 million and €829 million [4][6] - Production sold in Mine & Forest is expected to be around 1.4 million tonnes [6]

Core Points - Vallourec has announced a general meeting for warrant holders to be held on December 1, 2025, to discuss the delivery of newly-issued or existing shares upon the exercise of warrants [1] - The current terms only allow for the delivery of newly-issued shares upon the exercise of the warrants [1] Company Overview - Vallourec is a global leader in premium tubular solutions for energy markets and industrial applications, employing nearly 13,000 people across more than 20 countries [3] - The company focuses on innovative, safe, competitive, and smart tubular solutions, catering to various demanding sectors including oil & gas and power generation [3] Stock Information - Vallourec is listed on Euronext Paris and is part of several indices including CAC Mid 60, SBF 120, and Next 150 [4] - The company has a sponsored Level 1 American Depositary Receipt (ADR) program in the United States, with a parity set at 5:1 between ADR and ordinary shares [4]

Core Insights - Vallourec announced a $48 million investment to expand operations in Youngstown, Ohio, as part of a broader commitment to U.S. manufacturing, totaling over $1.5 billion invested in the U.S. over the past 15 years [1][2]. Investment Details - The investment will create a new Premium Threading Line within Vallourec's existing operations, enhancing its competitive position in the Oil Country Tubular Goods (OCTG) market in the U.S. [2] - The new line will increase capacity to thread VAM® high-torque connections, which are increasingly utilized in onshore wells with long laterals [2]. Construction and Employment Impact - Construction began in July 2025 and is expected to be completed by early 2027, with no disruption to current operations [3]. - Once operational, the new line will create 40 full-time-equivalent positions and expand the local supply chain, supporting the regional energy industry [3]. Company Overview - Vallourec North America is a fully integrated supplier of 100% Made in America seamless tubes, focusing on high-performance tubular solutions for energy and industrial sectors [4]. - The company emphasizes a strong circular economy approach, manufacturing seamless tubes entirely from recycled scrap metal [4]. - Vallourec's North American headquarters are located in Houston, Texas, with its main production facility in Youngstown, Ohio, employing nearly 2,000 people in North America [5]. Leadership Statement - Philippe Guillemot, Group Chairman and CEO, highlighted that the expansion reflects Vallourec's long-term vision and commitment to the U.S. market, reinforcing the region's manufacturing legacy [6].

Core Points - Vallourec announces the departure of Chief Financial Officer Sascha Bibert, who will leave the Group in December 2025 to pursue an opportunity in Germany [2] - A successor for Sascha Bibert has been identified and will join Vallourec's Executive Committee in early December [2] - Philippe Guillemot, Chairman and CEO, expresses gratitude for Bibert's contributions over the past four years, particularly in implementing the New Vallourec plan [3] Company Overview - Vallourec is a global leader in premium tubular solutions for energy markets and demanding industrial applications, including oil & gas wells and new generation power plants [3] - The company employs nearly 13,000 people across more than 20 countries, focusing on innovative and competitive tubular solutions [3] - Vallourec is listed on Euronext in Paris and is part of several indices, including CAC Mid 60 and SBF 120 [4]

Core Points - Vallourec will release its Third Quarter and Nine Month 2025 results on November 14, 2025, at 07:30 AM CET [2] - A conference call and webcast for the results presentation will take place at 09:30 AM CET, featuring Philippe Guillemot and Sascha Bibert [2][3] - The presentation will be accessible on Vallourec's website starting at 09:00 AM CET [3] Company Overview - Vallourec is a global leader in premium tubular solutions for energy markets and industrial applications, including oil & gas wells and new generation power plants [3] - The company employs nearly 13,000 people across more than 20 countries, focusing on innovative and competitive tubular solutions [3] - Vallourec is listed on Euronext in Paris and is part of several indices, including CAC Mid 60 and SBF 120 [4]

Group 1: European Market Overview - European stocks showed mixed performance as the U.S. faced a government shutdown after the Senate failed to pass a short-term spending bill [1] - The pan-European Stoxx 600 index increased by 0.2 percent to 559.42, following a 0.5 percent rise on Tuesday [1] Group 2: National Indices Performance - The German DAX decreased by 0.2 percent, while France's CAC 40 saw a slight decline [2] - The U.K.'s FTSE 100 rose by 0.7 percent, supported by a survey indicating accelerated growth in U.K. house prices [2] Group 3: Housing Market Insights - U.K. house prices experienced an annual growth of 2.2 percent in September, up from 2.1 percent in the previous month, surpassing the forecast of 1.8 percent [2] - On a monthly basis, house prices rebounded by 0.5 percent after a 0.1 percent decline in August, exceeding economists' expectations of a 0.2 percent increase [3] Group 4: Pharmaceutical Sector Developments - Pharmaceutical stocks gained traction as Pfizer secured a deal with the U.S. government to reduce prescription drug prices in exchange for tariff relief [3] - Notable stock movements included Sartorius rising by 6.7 percent, Merck increasing by 5.2 percent, and Roche jumping by 5.3 percent [3] Group 5: Company-Specific News - Tate & Lyle, Plc saw a significant drop of almost 10 percent after revising its revenue and EBITDA outlook for the fiscal year ending March 31 [4] - Vallourec's shares increased by 2.2 percent following a new order from Petrobras for over 30 units of its Oil Country Tubular Goods solution [4] - British bakery chain Greggs surged by 8.2 percent, reporting a 6.1 percent sales growth for the third quarter of 2025 [5] - Technip Energies gained 1 percent after securing two engineering contracts from Repsol for the Ecoplanta project [5] - Diageo's stock rose by about 2 percent after pricing €1 billion of fixed-rate bonds under its European Debt Issuance Program [5] - Dutch engineering consultancy Arcadis surged by 8 percent due to share buyback announcements [6]

Core Viewpoint - Vallourec announces a partial redemption of its senior notes maturing in 2032 for an amount of $82 million, which corresponds to 10% of the total principal amount of the notes [1][2]. Group 1: Financial Impact - The redemption of the notes is aimed at optimizing the Group's capital structure and reducing borrowing costs [2]. - Vallourec reaffirms its target of distributing 80-100% of total cash generation to shareholders, indicating that this transaction will not materially affect the amount available for such distributions [2]. Group 2: Redemption Details - The notes will be redeemed at a price equal to 103% of the principal amount, plus any accrued and unpaid interest, with the redemption date set for September 13, 2025 [3]. - Payment related to this redemption will occur on the business day following the redemption date, specifically on September 15, 2025 [3]. Group 3: Management Commentary - Philippe Guillemot, Chairman and CEO, stated that this transaction is a step towards capital structure optimization and demonstrates the company's commitment to maintaining a strong balance sheet with low leverage and high liquidity [4]. Group 4: Company Overview - Vallourec is a leader in premium tubular solutions for energy markets and demanding industrial applications, employing nearly 13,000 people across more than 20 countries [7]. - The company focuses on delivering innovative and competitive tubular solutions, emphasizing its commitment to R&D and technological advancement [7]. Group 5: Market Position - Vallourec is listed on Euronext in Paris and is part of several indices, including CAC Mid 60 and SBF 120, with an established Level 1 American Depositary Receipt (ADR) program in the United States [8].

Core Viewpoint - Vallourec has made its Interim Financial Report for the half-year ending June 30, 2025, publicly available and filed it with the French securities regulator [2]. Group 1: Financial Report Details - The report includes consolidated financial statements, an activity report, a statement from the responsible person, and the Statutory Auditors' review report [2]. - The Interim Financial Report can be accessed on Vallourec's official website [3]. Group 2: Company Overview - Vallourec is a global leader in premium tubular solutions for energy markets and industrial applications, employing nearly 13,000 people across more than 20 countries [4]. - The company focuses on innovative and competitive tubular solutions for various demanding sectors, including oil & gas and power generation [4]. Group 3: Stock Information - Vallourec is listed on Euronext Paris and is part of several indices, including CAC Mid 60 and SBF 120 [5]. - The company has a sponsored Level 1 American Depositary Receipt (ADR) program in the United States, with a parity of 5:1 between ADR and ordinary shares [5]. Group 4: Financial Calendar - The next financial results release is scheduled for November 14, 2025, covering the third quarter and nine months of 2025 [6].