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 ...

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 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 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 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]

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].

Core Viewpoint - Vallourec has successfully completed the acquisition of Thermotite do Brasil, enhancing its premium tubular solutions and technological expertise in thermal insulation coatings for pipelines [2][3][4]. Company Summary - Vallourec is a global leader in premium tubular solutions, focusing on energy markets and demanding industrial applications, including oil and gas wells and new generation power plants [5]. - The company employs nearly 13,000 people across more than 20 countries, emphasizing innovation and R&D to provide competitive and smart tubular solutions [5]. Industry Impact - The acquisition supports Vallourec's premiumization strategy, reinforcing its value proposition in offshore oil and gas projects [3][4]. - The integration of Thermotite's technology is expected to enhance Vallourec's industrial value chain in Brazil, a critical market for the offshore oil and gas sector [4].

Core Insights - Vallourec reported strong first quarter 2025 results, achieving a Group EBITDA of €207 million with a 21% EBITDA margin, despite a 3% sequential decline [5][8] - The company anticipates a second quarter 2025 Group EBITDA between €170 million and €200 million, with expected improvement in the second half of 2025 compared to the first half [4][5] Financial Performance - Group revenues for Q1 2025 were €991 million, a decrease of €74 million from Q4 2024, but an increase of €1 million year-over-year [8] - Tubes volume sold was 314,000 tonnes, down from 362,000 tonnes in Q4 2024, but up 21% year-over-year [8] - Iron ore volume sold reached 1.6 million tonnes, an increase of 0.26 million tonnes sequentially and 0.2 million tonnes year-over-year [8] - Adjusted free cash flow was €168 million, with total cash generation of €104 million, improving the net cash position to €112 million, up €91 million sequentially [5][8] Market Position and Strategy - The company has focused on premium products and has established strong positions with global national oil companies and resilient independent US producers [7] - International bookings continued to show strong momentum, supporting expectations for improved profitability in the second half of 2025 [6][7] - US market prices have been on an upward trend, although they have not yet fully reflected the impact of recently announced tariffs [6] Future Outlook - The company expects Tubes EBITDA per tonne to remain flat to slightly higher sequentially, with volumes anticipated to be flat to slightly down [5] - In the Mine & Forest segment, production sold is expected to be around 1.5 million tonnes, with profitability dependent on prevailing iron ore market prices [5] - The company is well-positioned to navigate market changes due to substantial operational changes made over the past three years [7][8]