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JUNE 2008 CREDIT SUISSE – Technip

Technip · Jun 3, 2008 · 35 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. JUNE 2008 CREDIT SUISSE – Technip – slide 1
    CREDIT SUISSE London Olivier Dubois, President and CFO June 3, 2008
  2. JUNE 2008 CREDIT SUISSE – Technip – slide 2
    I. Activities & Business Segments London Oil & Gas - June 3, 2008 2
  3. JUNE 2008 CREDIT SUISSE – Technip – slide 3
    Technip Today Worldwide leader in engineering, project management and technologies, serving the Oil & Gas industry for 50 years 23,000 employees in 46 countries, Industrial assets on 5 continents, a fleet of 19 vessels (end 2010)…
  4. JUNE 2008 CREDIT SUISSE – Technip – slide 4
    Strategic Framework SUBSEA OFFSHORE ONSHORE Focus on Oil & Gas markets Organisation based on 6 regions with full P&L accountability and a vertically integrated Subsea business unit A balanced backlog by segments and regions…
  5. JUNE 2008 CREDIT SUISSE – Technip – slide 5
    Subsea Products Services Deep Water Installation Flexible Pipes & Construction (in house manufacturing) Rigid Pipelines Pipelaying Vertical integration Inspection, Steel and thermoplastic Repair & Maintenance In-house…
  6. JUNE 2008 CREDIT SUISSE – Technip – slide 6
    Offshore TPG 500 Unideck Semi-submersible Spar EDP FPSO Innovative capabilities Proprietary platform design Proven track record London Oil & Gas - June 3, 2008 6
  7. JUNE 2008 CREDIT SUISSE – Technip – slide 7
    Onshore Refining & heavy oil Gas Processing Petrochemicals Clean Fuels Gas Treatment Ethylene Grass Roots GTL Polyolefins Heavy Oil upgraders LNG Aromatics Hydrogen Fertilizers Project management know-how Strong process…
  8. JUNE 2008 CREDIT SUISSE – Technip – slide 8
    II. 1Q 2008 Financial Highlights & 2008 Outlook London Oil & Gas - June 3, 2008 8
  9. JUNE 2008 CREDIT SUISSE – Technip – slide 9
    First Quarter Income Statement in millions, (not audited) 1,816.8 1,774.7 +2.4% Revenue 170.9 +18.8% 143.8 EBITDA(1) 136.9 +26.9% 107.9 Operating Income(2) 89.9 +32.0% 68.1 Net Income 0.85 +30.8% 0.65 EPS 1Q…
  10. JUNE 2008 CREDIT SUISSE – Technip – slide 10
    Subsea in millions, (not audited) 576 549 Operations / Projects Vessel utilization rate of 71%, as several were in dry dock Revenue First flexible flowlines installed on Agbami field, offshore (5)% Nigeria In India, the MA-D6…
  11. JUNE 2008 CREDIT SUISSE – Technip – slide 11
    Offshore in millions, (not audited) Operations / Projects 223 Perdido SPAR hull sail-away from Pori yard effective end of 187 May 2008 Akpo FPSO: module interconnection completed, sail-away expected early June 2008 Revenue…
  12. JUNE 2008 CREDIT SUISSE – Technip – slide 12
    Onshore in millions, (not audited) Operations / Projects LNG Project in Yemen: main cryogenic heat exchanger 976 1,081 installed, energizing of main electrical substation Khursaniyah (Saudi Arabia): handing over of some units has…
  13. JUNE 2008 CREDIT SUISSE – Technip – slide 13
    Full Year 2008 Outlook Cash flow / Working capital down 400 to 600 million due to: Decrease of large project contribution partially offset by new contracts 125 million dividend payment (May 13, 2008) 400 - 450 million estimated…
  14. JUNE 2008 CREDIT SUISSE – Technip – slide 14
    III. Backlog Analysis London Oil & Gas - June 3, 2008 14
  15. JUNE 2008 CREDIT SUISSE – Technip – slide 15
    1. Towards a More Balanced Backlog: Segments and Markets Business Segment Split Market Split March 31, 2008 8,625 million ONSHORE 67% Other 58% Petrochems Deepwater 53% 6% 3% Refining / 30% Heavy Oil 17% 7% 5% 17% 27%…
  16. JUNE 2008 CREDIT SUISSE – Technip – slide 16
    2. Towards a More Balanced Backlog: Regions Split in millions (not audited) March 31, 2007 March 31, 2008 9,879 8,625 Europe / Europe / Asia Russia Asia Russia Pacific Central Asia Pacific Central Asia 12% 11% 11% 20% Americas…
  17. JUNE 2008 CREDIT SUISSE – Technip – slide 17
    3. March 31, 2008 : Backlog by Contract Award Date SUBSEA OFFSHORE ONSHORE 3,474 million 571 million 4,580 million 14% 13% 2% 7% 9% 32% 8% 33% 36% 66% 65% 15% 1Q2008 2007 2006 2005 < 2005 London Oil & Gas - June…
  18. JUNE 2008 CREDIT SUISSE – Technip – slide 18
    IV. Key Differentiators: People, Assets & Technologies London Oil & Gas - June 3, 2008 18
  19. JUNE 2008 CREDIT SUISSE – Technip – slide 19
    Worldwide Presence Orkanger Pori Evanton Aberdeen Oslo St. Petersburg Newcastle London The Hague St. Johns Dsseldorf Le Trait Paris Lyon Rome Los Angeles Barcelona Athens Houston Abu Dhabi Shanghai Doha New Delhi Mexico…
  20. JUNE 2008 CREDIT SUISSE – Technip – slide 20
    Multi-local Engineering Capacity 3 million 8.5 million Aberdeen Oslo St. Petersburg The Hague St. Johns Paris Los Angeles Barcelona Rome 4.5 million Athens Houston Abu Dhabi Shanghai Doha New Delhi Mumbai Bangkok Kuala…
  21. JUNE 2008 CREDIT SUISSE – Technip – slide 21
    Attract and Develop Qualified Resources Worldwide Technip headcount by location Middle East 23,000 Asia-Pacific India 18,000 Russia, Central Asia Africa South America North America Other Europe Germany 6,000 United…
  22. JUNE 2008 CREDIT SUISSE – Technip – slide 22
    Investment in Differentiating Assets New DSV 2010) Capacity Increase 2010 Capacity New DSV (2007 - +20% 5,800 Vessels +40% Vessel-days/year Le Trait Flexible +40% 1,100 km/year Pipes Umbilicals +25% 700 km/year New pipelay…
  23. JUNE 2008 CREDIT SUISSE – Technip – slide 23
    Further Expansion in Key Regions & Frontier Areas Arctic Canada Middle East Abu Dhabi Gulf of Mexico Mexico Mumbai West Africa Lagos Kuala Lumpur Asia Pacific Brazil New Operating Centers Expanded Operating…
  24. JUNE 2008 CREDIT SUISSE – Technip – slide 24
    Technologies for New Frontiers Winterized topsides Mooring line enclosed Chukchi Sea in hull through ice zone Coned neck to break ice and minimize ice resistance Sheet ice resistant Barents Sea mooring lines, detachable…
  25. JUNE 2008 CREDIT SUISSE – Technip – slide 25
    Technological Solutions to address Deeper Water Nakika (Shell) Perdido (Shell) Chinook & Cascade (Petrobras) Reeled Pipe-in-pipe Steel Spar operating with the A new application of FSHR further Catenary Risers deepest water depth: to…
  26. JUNE 2008 CREDIT SUISSE – Technip – slide 26
    Onshore Technologies Development Hydrogen: LNG: Ethylene: Enhanced Heat Transfer Energy efficiency Increased Selectivity 25 to 30% increase in New vs 1st generation: Increased efficiency CO2 hydrogen production Reduced fuel…
  27. JUNE 2008 CREDIT SUISSE – Technip – slide 27
    Floating LNG solutions Cryogenic flexible pipe Processing system FPSO Subsea services & product provider Hull & Marine, LNG storage Offloading Mooring / Risers Subsea / Anchors Umbilical A unique combination of…
  28. JUNE 2008 CREDIT SUISSE – Technip – slide 28
    Creating Shareholders Value An empowered organization focused on Operating Income A balanced backlog to mitigate risk A strong balance sheet Key differentiators Multi-cultural teams with a know-how recognized by both IOCs &…
  29. JUNE 2008 CREDIT SUISSE – Technip – slide 29
    Trading Technip ISIN: FR0000131708 London Oil & Gas - June 3, 2008 30
  30. JUNE 2008 CREDIT SUISSE – Technip – slide 30
    Annexes London Oil & Gas - June 3, 2008 31
  31. JUNE 2008 CREDIT SUISSE – Technip – slide 31
    1. First Quarter Group Income Statement in millions (not audited) ex. FX 1Q 08 1Q 07 Change impact Revenue 1,816.8 1,774.7 2.4% 8.5% EBITDA* 170.9 143.8 18.8% 23.1% Operating Income from Recurring Activities 136.9 107.9 26.9%…
  32. JUNE 2008 CREDIT SUISSE – Technip – slide 32
    2. Group Balance Sheet in millions (not audited) March 31, 2008 Dec. 31, 2007 FIXED ASSETS 3,275.8 3,279.1 OTHER ASSETS 2,418.0 2,418.7 CASH & CASH EQUIVALENTS 2,334.8 2,401.5 TOTAL ASSETS 8,028.6 8,099.3 SHAREHOLDERS…
  33. JUNE 2008 CREDIT SUISSE – Technip – slide 33
    3. Net Cash Flow Statement in millions (not audited) Net Cash as of December 31, 2007 1,704 Operating Cash Flow 123 Capex (68) Working Capital (65) Asset Disposals 1 Capital Increases 1 Debt repayment (5) Others (100) Net…
  34. JUNE 2008 CREDIT SUISSE – Technip – slide 34
    4. Subsea Return on Capital Employed in millions (not audited) SUBSEA OTHERS** GROUP 2006 2007 1Q 08 2006 2007 1Q 08 2006 2007 1Q 08 Non Current Assets 2,701 2,763 2,793 698 701 666 3,399 3,464 3,459 Working Capital and (601)…
  35. JUNE 2008 CREDIT SUISSE – Technip – slide 35
    5. March 31, 2008 Backlog Estimated Scheduling in millions (not audited) Subsea Offshore Onshore Group 9m 2008 1,865 437 2,600 4,902 2009 845 104 1,700 2,649 2010+ 764 30 280 1,074 Total 3,474 571 4,580 8,625 London…

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