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CHEUVREUX OIL SERVICES CONFERENCE – Technip

Technip · Dec 1, 2005 · 30 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. CHEUVREUX OIL SERVICES CONFERENCE – Technip – slide 1
    TECHNIP Daniel Valot Chairman and CEO CHEUVREUX OIL SERVICES CONFERENCE Paris, France December 1, 2005
  2. CHEUVREUX OIL SERVICES CONFERENCE – Technip – slide 2
    I. THE MARKET II. TECHNIP IN THE MARKET III. THE WAY FORWARD Cheuvreux Oil Services Conference December 1, 2005 2
  3. CHEUVREUX OIL SERVICES CONFERENCE – Technip – slide 3
    I. THE MARKET 1. The Broad Picture 2. The Short Term Trend Cheuvreux Oil Services Conference December 1, 2005 3
  4. CHEUVREUX OIL SERVICES CONFERENCE – Technip – slide 4
    1. The Broad Picture (2002 2030) Forecasted Forecasted Oil Oil & & Gas Gas Production Production and and CAPEX CAPEX Production Capex of 2002 2030 (2002 2030) which E&P Oil (mb/d) 77 +57% 121 3 trillion (111 bn/y) 70% Gas…
  5. CHEUVREUX OIL SERVICES CONFERENCE – Technip – slide 5
    2. The Short Term Trend OIL PRODUCTION REFINERY SPARE CAPACITY UTILIZATION RATE Mb/d % 6.0 88 87 5.0 86 4.0 85 3.0 84 83 2.0 82 1.0 81 0.0 80 1991-1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 1994 1995 1996 1997 1998…
  6. CHEUVREUX OIL SERVICES CONFERENCE – Technip – slide 6
    II. TECHNIP IN THE MARKET 1. A Global Player 2. Ranking 3. Strategic Initiatives, Order Intake, Backlog 4. Net Cash Position Cheuvreux Oil Services Conference December 1, 2005 6
  7. CHEUVREUX OIL SERVICES CONFERENCE – Technip – slide 7
    1. A Global Player: Engineering Centers, Yards & Plants Oslo Aberdeen St. Petersburg St. Johns The Hague Dsseldorf Los Paris Angeles Rome Baku Houston Qatar Shanghai New Delhi Abu Dhabi Mumbai Chennai Bangkok Caracas…
  8. CHEUVREUX OIL SERVICES CONFERENCE – Technip – slide 8
    2. Technip's Ranking Among International Oil and Gas Contractors Revenues * (USD in Millions) 7,000 No. 1 6,000 5,000 6,313 4,000 3,000 No. 5 2,000 No. 7 2,153 1,000 1,482 1994 1999 2004 * Non-domestic oil and gas…
  9. CHEUVREUX OIL SERVICES CONFERENCE – Technip – slide 9
    3.1 Strategic Initiatives INITIATIVE RESULT Ethylene Acquisition of KTI 9th & 10th Comp., Iran (2001) (1999) Ras Laffan, Qatar (2005) Yanbu, S. Arabia (2005) Deep Offshore Acquisition of Aker Subsea Pipelines: Dalia, Agbami…
  10. CHEUVREUX OIL SERVICES CONFERENCE – Technip – slide 10
    3.2 Have Resulted in All-Time High Order Intake in Millions 8,483 +212% 2,715 9M 04 9M 05 Nine-month 2005 order intake of 8.5 billion represents a book-to-bill ratio of 213%. Cheuvreux Oil Services Conference…
  11. CHEUVREUX OIL SERVICES CONFERENCE – Technip – slide 11
    3.3 Technip Is 2005 Market Leader in Deepwater P-52 SURF (Brazil) 350 MM Akpo FPSO (Nigeria) 540 MM Agbami SURF (Nigeria) 840 MM Spar: Kikeh (Malaysia) N.D Tahiti (USA) N.D LNG Yemen LNG 670 MM RasGas III (Qatar) 1,600 MM…
  12. CHEUVREUX OIL SERVICES CONFERENCE – Technip – slide 12
    3.4 Backlog Hits a Record Level 11,069 8,210 +90% 7,184 6,778 in Millions 5,815 09-30-04 12-31-04 03-31-05 06-30-05 09-30-05 In months 13.6 15.8 16.9 19.1 25.0 of revenues Record backlog at September 30, 2005…
  13. CHEUVREUX OIL SERVICES CONFERENCE – Technip – slide 13
    4. Net Cash Position IFRS in Millions 351 Net Cash 12-31-2001* 12-31-2002* 12-31-2003* 12-31-2004 09-30-2005 167 237 Net Debt 506 876 Gearing Ratio 39.6% 25.0% 12.2% 9.0% NA De-leveraged balance sheet: a key factor…
  14. CHEUVREUX OIL SERVICES CONFERENCE – Technip – slide 14
    III. THE WAY FORWARD 1. Market Conditions Continue to Improve 2. Technip Business Strategy Going Forward 3. Full Year 2005 Updated Financial Targets Cheuvreux Oil Services Conference December 1, 2005 14
  15. CHEUVREUX OIL SERVICES CONFERENCE – Technip – slide 15
    1. Market Conditions Continue to Improve 105 Integrated Oil Companies CAPEX 98 (US in bn): A growing trend 62 60 1.35 US Dollar versus Euro: 1.26 Retrenching after several 1.05 years of appreciation 1.20 0.89 160 163 DJ…
  16. CHEUVREUX OIL SERVICES CONFERENCE – Technip – slide 16
    2. Technip Business Strategy Going Forward Drivers Key Business Technips Technips Strategy Strategy Segments Maintain Create Near Term Long Term Leadership Leadership Growth Areas Growth Areas Deep Offshore Depletion of LNG…
  17. CHEUVREUX OIL SERVICES CONFERENCE – Technip – slide 17
    3. Full Year 2005 Updated Financial Targets (IFRS) Sept. 2005 Nov. 2005 Revenues: 5.2 billion 5.4 billion Operating Margin: 4.8% 4.8% Net Income: 112.4 million 112.4 million Record YTD order intake and stronger dollar…
  18. CHEUVREUX OIL SERVICES CONFERENCE – Technip – slide 18
    For more information, please contact: INVESTOR RELATIONS G. Christopher Welton Tel. +33 (0) 1 47 48 66 74 e-mail: cweltontechnip.com Xavier dOuince Tel. +33 (0) 1 47 78 25 75 e-mail: xdouincetechnip.com Cheuvreux Oil…
  19. CHEUVREUX OIL SERVICES CONFERENCE – Technip – slide 19
    Trading Technip ISIN FR0000131708 Cheuvreux Oil Services Conference December 1, 2005 19
  20. CHEUVREUX OIL SERVICES CONFERENCE – Technip – slide 20
    IV. ANNEXES 1. The Workforce Leverage 2. Workforce Leverage and Economies of Scale 3. Zoom on Backlog 4. Technip Margin Recognition Policy Cheuvreux Oil Services Conference December 1, 2005 21
  21. CHEUVREUX OIL SERVICES CONFERENCE – Technip – slide 21
    1. The Workforce Leverage TYPICAL LSTK CONTRACT On lump-sum turnkey (LSTK) Revenues contracts, in-house workforce costs account for 10% to 15% of the total contract value In-house workforce mobilization is sustained during a…
  22. CHEUVREUX OIL SERVICES CONFERENCE – Technip – slide 22
    2. Workforce Leverage and Economies of Scale Estimated In-house Staff Needed to Generate 1 Billion Revenue from: 50 service contracts worth 20 million each: 2,500 10 LSTK contracts worth 100 million each: 850 1 LSTK contract…
  23. CHEUVREUX OIL SERVICES CONFERENCE – Technip – slide 23
    3.1 Backlog: Market Split As of September 30, 2004: As of September 30, 2005: 5,815 M 11,069 M Petrochems Petrochems Deepwater 15% Deepwater 27% 14% 30% Refining / Refining / 15% Heavy Oil 15% Heavy Oil 10% 15% 15%…
  24. CHEUVREUX OIL SERVICES CONFERENCE – Technip – slide 24
    3.2 Main Additions to Backlog During 3rd Quarter 2005 Project Country Market RasGas III Qatar LNG Yemen LNG Yemen LNG Agbami SURF Nigeria Deepwater PDET SURF Brazil Deepwater Tahiti Spar USA Deepwater Ras Laffan Ethylene…
  25. CHEUVREUX OIL SERVICES CONFERENCE – Technip – slide 25
    RasGas III Client: Qatar Petroleum & ExxonMobil Capacity: 2 x 7.8 MT/D Value: 1.6 Bn (Technip share) Execution: JV Technip & Chiyoda Ras Laffan LNG site RasGas III is the third LNG RasGas III project won in Qatar by the…
  26. CHEUVREUX OIL SERVICES CONFERENCE – Technip – slide 26
    Yemen LNG Client: Total, Yemen Gas & partners Capacity: 2 x 3.6 MT/Y Execution: JV Technip, JGC, KBR Value: 670 Mn Yemen LNG plant, 3D view Technip capitalizes on its LNG expertise and presence in the Middle East by leading…
  27. CHEUVREUX OIL SERVICES CONFERENCE – Technip – slide 27
    Agbami SURF Client: Chevron Water depth: 1,550 m Supply: Flexible Pipes, Risers, Umbilicals Value: 840 Mn Completion: 2008 Dalia SURF This deepwater contract, the Nigeria largest ever awarded to Technip, consolidates the…
  28. CHEUVREUX OIL SERVICES CONFERENCE – Technip – slide 28
    PDET SURF Client: Petrobras Water depth: 100 m - 1,800 m Supply: 56 km of 18 rigid pipes Value: 210 Mn Completion: 2007 Deep Blue J-lay installation PDET This new oil export system Rio de Janeiro completes the piping…
  29. CHEUVREUX OIL SERVICES CONFERENCE – Technip – slide 29
    Tahiti Spar Client: Chevron Water depth: 1,280 m Hull: 170 m x 39 m(dia) Topsides: 18,950 T Completion: mid-2007 Nansen SPAR Tahiti After Murphy Oil chooses Technips Spar for its Kikeh field in Malaysia, Chevron is the…
  30. CHEUVREUX OIL SERVICES CONFERENCE – Technip – slide 30
    4. Financial Profile of a Large Typical LSTK Contract 100% 15% REVENUES CASH FLOW (in case of initial down payment) 10% 75% 5% 50% 0% 10% MARGIN 25% 5% 0% 0% Y1 Y2 Y3 Y1 Y2 Y3 Cheuvreux Oil Services Conference…

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