Vallourec Geothermal Deep Dive

Vallourec Geothermal Deep Dive Meudon (France), 15 June 2026 – Vallourec, a world leader in premium steel tubular solutions, will host its Geothermal Deep Dive today at 17:00 CET / 11:00 EDT. A webcast link will be available on Vallourec's website for those wishing to join virtually. Key topics to be discussed during today's presentation include: Geothermal energy as a key pillar within Vallourec's New Energies portfolio. Management will discuss how commercial and market momentum for conventional and next-generation geothermal applications supports Vallourec's ambition to reach a New Energies contribution to group EBITDA of at least 10-15% by 2030. An overview of geothermal market forces, drivers of geothermal development and cost dynamics. Structurally higher demand for clean, baseload, dispatchable electricity supply, driven by AI data centers, adoption of electric vehicles and the electrification of industry is leading to an inflection point for geothermal energy. Our premium tubular solutions enable next-generation technologies to unlock major scale and cost reductions. Vallourec's role as a key enabler of conventional and next-generation geothermal development. Vallourec geothermal specialists will outline the complex environments and unique challenges of geothermal wells, with higher temperatures and longer lifetimes compared to oil and gas. Technical specialists will demonstrate how Vallourec's extensive oil and gas expertise, best-in-class R&D and testing capabilities are leading the way in designing and supplying fit-for-purpose, premium tubular products for geothermal applications. Vallourec's significant and rapidly growing addressable market opportunity set in geothermal. Management will discuss the key operational and financial metrics differentiating conventional, enhanced and advanced geothermal applications. Vallo