The presentation by Felienne Hermans argues that spreadsheets should be viewed as a form of code, citing their Turing completeness and similarities to traditional programming languages. By utilizing Neo4j to analyze spreadsheet structures, she demonstrates how certain software engineering principles, such as code smells, can be applied to spreadsheets, revealing the limitations of SQL for such data. Ultimately, she advocates for recognizing spreadsheets as graph-like structures and using appropriate tools for more efficient querying.