Contents I. First Quarter Operational Highlights II. Financial Highlights III. Outlook Annex First Quarter 2009 Results 2
I. First Quarter 2009 Operational Highlights First Quarter 2009 Results 3
First Quarter Subsea Operational Highlights Operations / Projects Vessel utilization rate of 73% during the first quarter 2009, Order intake Flexible pipe production units continued to have a good activity, 731 Engineering for…
First Quarter Offshore Operational Highlights Order intake Operations / Projects First oil produced on Akpo FPSO offshore Nigeria, Execution on P-56 semi-submersible in Brazil is ongoing, 199 construction progressed well, 161 91…
First Quarter Onshore Operational Highlights Operations / Projects Agreement on QatarGas III & IV was signed, in line with our Order intake expectations and previous comments. QatarGas II Trains 4 and 5 700 inaugurated on March…
II. Financial Highlights First Quarter 2009 Results 7
First Quarter 2009 Group Financial Highlights in million (not audited) 1Q08 1Q09 Revenue 1,817 1,569 EBITDA (1) 171 191 EBITDA margin 9.4% 12.2% Operating Income (2) 137 154 Operating margin (2) 7.5% 9.8% Net Income 90 99 EPS…
Onshore / Offshore Combined First Quarter Figures In million (not audited) Revenue 1,268 953 (25)% 1Q 08 1Q 09 Operating income* 43 43 4.5% 3.4% Margin = +113bp 1Q 08 1Q 09 1Q 08 1Q 09 * from recurring…
Group Income Statement in million (not audited) 1Q 08 1Q 09 Operating Income 136.9 159.1 Financial Charges (8.3) (12.1) Includes (7.3)m FX and fair market value of hedging Income of Equity Affiliates 0.2 0.7 instruments…
Group Balance Sheet in million Dec. 31, March 31, 2008 2009 (audited) (not audited) Fixed assets 3,387.7 3,456.6 Capex in line with annual budget Construction Contracts 140.8 193.6 Other assets 2,198.7 1,932.2 Cash & cash…
II. Outlook First Quarter 2009 Results 13
Technips differentiating attributes Well balanced: regions, clients and markets First class technology, engineering and project management skills Subsea vertically integrated Proximity to local clients Strong balance sheet…
Balanced Backlog: Segments, Markets and Regions Segment Region Market March 31 March 31, 2009 March 31, 2009 6,928 million 6,928 million 2008 2009 Asia Pacific Other Petrochems Africa Deepwater Onshore 53% Europe / 9%…
March 31, 2009 Backlog Estimated Scheduling in million Subsea Offshore Onshore Group 2009 (9 months) 1,932 281 2,110 4,323 2010 1,079 131 943 2,153 2011+ 412 0.0 40 452 Total 3,423 412 3,093 6,928 First Quarter 2009 Results…
Working with our Clients Reducing our clients project costs Re-engineering and design Optimization of project specifications to align clients needs and budget Standardization of components Early involvement of suppliers during…
Progress on Cost Reduction Manufacturing procurement costs Broaden our procurement base Initial Asian suppliers qualified Reduce manufacturing procurement cost by 20% at year end 2009 Capitalize on our worldwide workforce and…
2009 Full Year Outlook Confirmed* Group revenue of 6.1 - 6.4 billion with flat to moderate revenue growth in the Subsea segment Further improvement in the combined Onshore/Offshore operating margin Subsea operating margin…
For more information, please contact: Investor Relations Kimberly Stewart Tel.: +33 (0)1 47 78 66 74 e-mail: kstewarttechnip.com Antoine dAnjou Tel.: +33 (0)1 47 78 30 18 e-mail: adanjoutechnip.com First Quarter 2009…
Offshore First Quarter Figures In million (not audited) Revenue 187 147 (21.3)% 1Q 08 1Q 09 Operating income* 10 5.2% 4.5% 7 Margin (32.0)% (71)bp 1Q 08 1Q 09 1Q 08 1Q 09 * from recurring activities First…
Onshore First Quarter Figures In million (not audited) Revenue 1,081 806 (25.4)% 1Q 08 1Q 09 Operating income* Margin 33 36 3.1% 4.5% 9.6% +144bp 1Q 08 1Q 09 1Q 08 1Q 09 * from recurring activities First…
First Quarter 2009 Business Segment Operating Performance in million (not audited) Subsea Offshore Onshore Revenue 616 147 806 Change year-on-year 12.1% (21.3)% (25.4)% Operating Income 118 7 36 from recurring activities…
Major Capex Progress as of March 31, 2009 ASIA FLEX 42% Malaysia 26% SKANDI VITORIA Brazil 59% Charter: 4 years Option: 4 years 42% NPV 49% Worldwide 40% SKANDI ARCTIC Norway 98% Frame agreement: 3 years Option:…
Financial Risk Management Strong cash position as of March 31, 2009 Total Cash 2,690 million Net Cash 1,878 million Debt financing has a long horizon 650 million straight bond maturing May 2011 Unused confirmed credit facilities…
Loading...
