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Q2 2007 RESULTS – Technip

Technip · Jul 26, 2007 · 33 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q2 2007 RESULTS – Technip – slide 1
    Second Quarter 2007 Results July 26, 2007
  2. Q2 2007 RESULTS – Technip – slide 2
    Second Quarter 2007 Financial Highlights in Millions, except EPS (Not audited) Q2 07 Q2 06 Change Revenues 1,844.6 1,589.0 + 16.1 % Operating Income 128.1 79.1 + 61.9 % from Recurring Activities * Operating Margin Ratio 6.9 %…
  3. Q2 2007 RESULTS – Technip – slide 3
    Contents _I Second Quarter 2007 Group Figures _II Group Capital Expenditures _III Market Trends and 2007 Outlook Second Quarter 2007 Results 3
  4. Q2 2007 RESULTS – Technip – slide 4
    I/ Second Quarter 2007 Figures 1. Business Segment Performance 2. Income Statement 3. Cash Flow Statement 4. ROCE Second Quarter 2007 Results 4
  5. Q2 2007 RESULTS – Technip – slide 5
    1.1 / SURF in Millions, (Not audited) 2,483 2,523 606 94 15.5% 486 38 7.8% 03/31/07 06/30/07 Q2 06 Q2 07 Q2 06 Q2 07 Q2 06 Q2 07 Backlog: Revenues: Operating Income*: Operating Margin + 2% + 25% + 147% Ratio*: + 770bp X…
  6. Q2 2007 RESULTS – Technip – slide 6
    1.2 / Offshore Facilities in Millions, (Not audited) 624 602 9.9% 305 30 183 4.9% 9 03/31/07 06/30/07 Q2 06 Q2 07 Q2 06 Q2 07 Q2 06 Q2 07 Backlog: Revenues: Operating Income: Operating Margin - 4% - 40% - 70% Ratio: -…
  7. Q2 2007 RESULTS – Technip – slide 7
    1.3 / Onshore-Downstream in Millions, (Not audited) 6,580 6,366 1,006 31 3.1% 748 10 1.3% 03/31/07 06/30/07 Q2 06 Q2 07 Q2 06 Q2 07 Q2 06 Q2 07 Backlog: Revenues: Operating Income*: Operating Margin - 3% + 35% + 216% Ratio*:…
  8. Q2 2007 RESULTS – Technip – slide 8
    1.4 / Industries in Millions, (Not audited) 192 179 50 50 2.8 2.6 5.2% 5.6% 03/31/07 06/30/07 Q2 06 Q2 07 Q2 06 Q2 07 Q2 06 Q2 07 Backlog: Revenues: Operating Income: Operating Margin - 7% = + 8% Ratio: + 40bp X High level…
  9. Q2 2007 RESULTS – Technip – slide 9
    2. / Q2 Group Income Statement in Millions, except EPS Q2 07 Q2 06 Change (Not audited) Revenues 1,844.6 1,589.0 + 16.1 % Operating Income from 128.1 79.1 + 61.9% Recurring Activities Income from Activity Disposal (0.2) 5.4 nm…
  10. Q2 2007 RESULTS – Technip – slide 10
    3. / Cash Flow Statement in Millions, (Not audited) Net Cash at December 31, 2006 1,540 Dividend Payment - 275 Share Buyback - 86 Operating Cash Flow 205 Capex - 66 Working Capital 115 Asset Disposals 68 Capital Increases…
  11. Q2 2007 RESULTS – Technip – slide 11
    4. / Net Return on Capital Employed in Millions (Not audited) Q2 07 Q2 06 Profit Before Tax 112.2 73.0 Financial Charges 13.5 9.9 Notional Income Tax (30%) (37.7) (24.9) Adjusted Net Income 88.0 58.0 Opening Shareholders Equity…
  12. Q2 2007 RESULTS – Technip – slide 12
    II/ Group Capital Expenditures 1. Group Capital Expenditures 2. New Vessels Capex Status 3. Manufacturing Plants Capex Status Second Quarter 2007 Results 12
  13. Q2 2007 RESULTS – Technip – slide 13
    1. / Group Capital Expenditures in Millions, based on payments 250* 250* 200* 167 157 83 H2* Development 96 82 51 31 Maintenance 71 75 H1 35 Second Quarter 2007 Results 2005 2006 2007 2008 2009 * Forecast 13
  14. Q2 2007 RESULTS – Technip – slide 14
    2. / New Vessels Capex Status Scope Capex Planning (estimate) X DSV acquisition & X 30 M X Acquisition June 2006 Seamec Princess upgrade for India X Conversion Aug. 2007 X construction of a X 80 M X Start date Mar. 2006 new DSV…
  15. Q2 2007 RESULTS – Technip – slide 15
    3. / Manufacturing Plants Capex Status Vitoria (Brazil) Le Trait (France) X Manufacturing capacity increase X Manufacturing capacity increase z + 50% 3 done z + 20% 3 done X Further development X Further development Second…
  16. Q2 2007 RESULTS – Technip – slide 16
    III/ Market Trends and 2007 Outlook 1. Market Environment 2. Backlog as of June 30th, 2007 3. Prospects for Order Intake 4. Full Year 2007 Outlook Update Second Quarter 2007 Results 16
  17. Q2 2007 RESULTS – Technip – slide 17
    1. / Market Environment Global World Oil Demand (*) Adjusted OPEC Spare Capacity (*) In % of World Mb/d + 9.6 Mb/d in 5 years Mb/d Demand 100 100 4 4 95 95 3.5 3.5 90 90 3 3 85 85 2.5 2.5 80 80 2 2 75 75 1.5 1.5 70 70 1…
  18. Q2 2007 RESULTS – Technip – slide 18
    2.1 / June 30th, 2007 Backlog Estimated Scheduling in Millions Offshore Onshore SURF Facilities Downstream Industries Group H2 2007 1,118 299 2,050 101 3,568 2008 1,182 297 2,897 56 4,432 2009 + 223 6 1,419 22 1,670 Total…
  19. Q2 2007 RESULTS – Technip – slide 19
    2.2 / Backlog Breakdown as of June 30th, 2007 9,670 M Market Split Regional Split Asia Europe / Russia Pacific Central Asia Petrochems Deepwater 12% 10% 17% 20% Americas Refining / 19% Heavy Oil 18% 12% Shallow Water 2%…
  20. Q2 2007 RESULTS – Technip – slide 20
    3.1 / Prospects for Order Intake in H2 2007 in Billion ACCESSIBLE MARKET* (Six Months Forward ) 25.2 24.5 0.8 0.8 Industries 21.4 1.0 11.0 12.2 Onshore- 7.8 Downstream 5.6 7.7 5.3 Offshore Facilities 7.8 6.2 SURF 4.9…
  21. Q2 2007 RESULTS – Technip – slide 21
    3.2 / Major Projects to Be Awarded to the Industry in Next 12 Months OFFSHORE SURF GAS / LNG REFINING / PETCHEM. FACILITIES USAN USAN FPSO OK LNG WESTLAKE ETHYLENE L L XXL XL (Nigeria) (Nigeria) (Nigeria) (Trinidad) PAZ FLOR CAM…
  22. Q2 2007 RESULTS – Technip – slide 22
    4. / Full Year 2007 Outlook Update X Group revenues are expected to show a moderate growth X With a strong operating performance in SURF and stable margin in Onshore-Downstream, we anticipate a further improvement in Group…
  23. Q2 2007 RESULTS – Technip – slide 23
    Second Quarter Summary X Revenues up 16% X Strong operating performance in SURF X Earnings per share up 62% at 0.75 X High tendering activities in all business segments and in all regions Second Quarter 2007 Results 23
  24. Q2 2007 RESULTS – Technip – slide 24
    Group Strategy Presentations The Group will present its growth strategy to investors and financial analysts during two half-day sessions, in Paris on October 17th, 2007 and in New York on October 19th, 2007. Second Quarter 2007…
  25. Q2 2007 RESULTS – Technip – slide 25
    For more information, please contact: INVESTOR RELATIONS X Xavier dOuince Tel. +33 (0) 1 47 78 25 75 e-mail: xdouincetechnip.com Second Quarter 2007 Results 25
  26. Q2 2007 RESULTS – Technip – slide 26
    Trading Technip ISIN FR0000131708 Second Quarter 2007 Results 26
  27. Q2 2007 RESULTS – Technip – slide 27
    Annexes 1. Group Balance Sheet 2. U.S. GAAP Net Income 3. First Half 2007 Accounts Second Quarter 2007 Results 28
  28. Q2 2007 RESULTS – Technip – slide 28
    Annex 1: Group Balance Sheet in Millions June 30, 2007* Dec. 31, 2006** FIXED ASSETS 3,229.5 3,241.1 OTHER ASSETS 2,194.5 2,419.6 CASH & CASH EQUIVALENTS 2,351.6 2,402.8 TOTAL ASSETS 7,775.6 8,063.5 SHAREHOLDERS EQUITY (incl.…
  29. Q2 2007 RESULTS – Technip – slide 29
    Annex 2: U.S. GAAP Net Income in Millions (Not Audited) Q2 2007 Q2 2006 Change IFRS Net Income 79.6 51.5 + 54.6% Restatement IAS 32/39 & 0.3 13.6 - 97.8% FAS 133 and Other U.S. GAAP Net Income 79.9 65.1 + 22.7% H1 2007 H1…
  30. Q2 2007 RESULTS – Technip – slide 30
    Annex 3: First Half 2007 Accounts 1. Revenues and Operating Income 2. Business Segment Performance 3. Income Statement Second Quarter 2007 Results 31
  31. Q2 2007 RESULTS – Technip – slide 31
    1. / Revenues and Operating Income in Millions (Not Audited) H1 2007 H1 2006 Change Revenues 3,619.3 3,163.4 + 14.4% Operating Income from 236.0 111.6 + 111.5% Recurring Activities* Op. Margin Ratio from 6.5% 3.5% + 300…
  32. Q2 2007 RESULTS – Technip – slide 32
    2. / H1 2007 Business Segment Operating Performance in Millions (Not Audited) SURF Offshore Onshore- Industries Facilities Downstream Revenues 1,182.3 405.5 1,930.9 100.5 Change +20.7% -32.2% +29.9% +1.6% Op. Income from…
  33. Q2 2007 RESULTS – Technip – slide 33
    3. / H1 Group Income Statement in Millions, except EPS (Not audited) H1 07 H1 06 Change Revenues 3,619.3 3,163.4 + 14.4% Operating Income from 236.0 111.6 + 111.5% Recurring Activities* Income from Activity Disposal 14.4 26.9…

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