Skip to main content FEBRUARY 2006 INVESTOR PRESENTATION – Technip | Shale Experts
Loading...
Pm

FEBRUARY 2006 INVESTOR PRESENTATION – Technip

Technip · Feb 23, 2006 · 52 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. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 1
    2005 RESULTS BUSINESS OUTLOOK FEBRUARY 23, 2006
  2. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 2
    Full Year 2005 Highlights Backlog at December 31: 11.2 billion Net Cash at December 31: 668 million Proposed Dividend: 0.92 per share (+11.5%) Full Year 2005 Results - February 2006 2
  3. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 3
    I. 2005 IN REVIEW II. FULL YEAR 2005 GROUP FINANCIAL FIGURES III. MARKET TRENDS AND STRATEGY IV. 2006 FINANCIAL TARGETS Full Year 2005 Results - February 2006 3
  4. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 4
    I. 2005 IN REVIEW 1. Order Intake 2. Net Cash 3. Enhancing Shareholder Value Full Year 2005 Results - February 2006 4
  5. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 5
    1.1 2005 Order Intake: Record Level in Millions 9,806 +93% 5,092 FY 04 FY 05 Full year 2005 order intake represents a book-to-bill ratio of 182% Full Year 2005 Results - February 2006 5
  6. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 6
    1.2 Order Intake: Major Offshore Awards FRAM/VILJE SURF 147 M TAHITI Spar KIKEH Spar KIKEH SURF AKPO FPSO 540 M AGBAMI SURF 800 M PDET SURF RONCADOR SURF 210 M 350 M Full Year 2005 Results - February 2006 6
  7. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 7
    1.3 Order Intake: LNG Awards RASGAS III 1,600 M YEMEN LNG 667 M Full Year 2005 Results - February 2006 7
  8. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 8
    1.4 Order Intake: Major Downstream Awards HORIZON OIL SANDS 700 M DOW / PIC Ethylene DUNG QUAT Refinery YANBU Ethylene RAS LAFFAN HOVENSA HDT Ethylene 800 M Full Year 2005 Results - February 2006 8
  9. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 9
    2. Net Cash Position in Millions 668 Net Cash 12-31-2001* 12-31-2002* 12-31-2003* 12-31-2004 12-31-2005 - 167 Net Debt - 237 - 506 - 876 Gearing Ratio 39.6% 25.0% 12.2% 9.0% NA *French GAAP Full Year 2005 Results…
  10. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 10
    3. Enhancing Shareholder Value Anti-Dilution measures taken in 2005: Repurchase of Shares: 949,652 Repurchase of Convertible Bonds: 470,800* Purchase of Options to Buy Shares: 1,300,000 Total: 2,720,452 4-for-1 share split in…
  11. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 11
    II. FULL YEAR 2005 GROUP FINANCIAL FIGURES 1. Main Financial Numbers 2. Business Segment Performance 3. Income Statement 4. Cash Flow Statement 5. Balance Sheet 6. Net Return On Capital Employed 7. Convertible Bond Call 8.…
  12. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 12
    1. Full Year 2005 Main Financial Numbers in Millions, except EPS 2005 2004* Change Revenues 5,376.1 5,140.9 + 4.6% Operating Income 231.0 225.9 + 2.3% Operating Margin Ratio 4.3% 4.4% Net Income 93.3 111.8 - 16.5%…
  13. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 13
    2. Full Year 2005 Business Segment Performance in Millions SURF Offshore Onshore Industries Facilities Downstream Revenues 1,797.6 1,013.4 2,318.2 246.9 Change +26.4% -5.0% -2.8% -7.9% Op. Income 118.8 27.1 88.3 6.0 Change…
  14. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 14
    3. Full Year Group Income Statement in Millions FY 2005 FY 2004* Change Revenues 5,376.1 5,140.9 + 4.6% Operating Income 231.0 225.9 + 2.3% Operating Margin 4.3% 4.4% Financial Charges (88.8) (66.4) + 33.7% Income of Equity…
  15. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 15
    4. Full Year 2005 Cash Flow in Millions SOURCES USES Operating Cash Flow 286 Capex 166 Working Capital 622 Dividend 32 Capital Increase 63 Treasury Shares 20 Asset Disposals 15 Debt 90 FETA and Other 76 Cash 754 TOTAL 1,062…
  16. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 16
    5. Group Balance Sheet in Millions Dec. 31, 2005 Dec. 31, 2004* NON-CURRENT ASSETS 3,352.8 3,299.1 CURRENT ASSETS 3,944.2 3,118.5 TOTAL ASSETS 7,297.0 6,417.6 SHAREHOLDERS EQUITY (incl. Min. Interests) 1,967.6 1,861.4…
  17. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 17
    6. Net Return On Capital Employed in Millions 2005 2004 Profit Before Tax 143.5 160.7 Finance Charges 88.8 66.4 Notional Income Tax (30%) (72.0) (70.6) Adjusted Net Income (1) 160.3 156.5 Opening Shareholders Equity (inc.…
  18. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 18
    7. Early Reimbursement of Convertible Bonds Call notice issued on February 23, 2006 Repayment date: March 23, 2006 Bondholders will be paid in cash except if they decide to exchange their bonds for Technip shares (1 bond = 4 Technip…
  19. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 19
    8.1 Backlog 11,170 11,069 +65% 8,210 7,184 in Millions 6,779 12-31-04 03-31-05 06-30-05 09-30-05 12-31-05 In months 15.8 16.9 19.1 25.0 24.9 of revenues Record backlog at December 31, 2005 Full Year 2005 Results -…
  20. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 20
    8.2 Backlog: Market Split As of December 31, 2004: As of December 31, 2005: 6,779 M 11,170 M Petrochems Deepwater Petrochems 19% Refining / 9% Deepwater 25% Heavy Oil 11% 23% Refining / Heavy Oil 14% 9% 18% Shallow 31%…
  21. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 21
    III. MARKET TRENDS AND STRATEGY 1. Towards a Longer Investment Cycle 2. Radar Screen 3. Resource Management Full Year 2005 Results - February 2006 21
  22. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 22
    1.1 Towards a Longer Investment Cycle: Top 12 International Oil Companies Capex bn 200 180 Share 160 Repurchase 140 Dividends 120 100 Capex 80 60 40 20 0 1989 1991 1993 1995 1997 1999 2001 2003 2005e 2007e 2009e Future…
  23. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 23
    1.2 Towards a Longer Investment Cycle: Erosion of OPEC Spare Capacity Mb/d 12 10 Spare capacity falling at 0.5 mb/d 8 per year 6 4 2 0 1970 1974 1978 1982 1986 1990 1994 1998 2002 2006 Not enough spare capacity to…
  24. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 24
    1.3 Towards a Longer Investment Cycle: Increasing Worldwide E&P Spending Based on a Survey of 325 Companies bn 280 240 200 +88% 160 120 80 40 0 2002 2003 2004 2005e 2006e Source: Lehman Bros. Full Year 2005…
  25. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 25
    1.4 Towards a Longer Investment Cycle: Downstream Capacity Constraints Refining Throughput Rates Ethylene Operating Rates % % 90 94 88 92 86 90 84 88 82 86 80 84 92 - 01 2002 2003 2004 2005* 92 - 01 2002 2003 2004…
  26. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 26
    1.5 Towards a Longer Investment Cycle: LNG/GTL Units World LNG Imports World LNG/GTL Project Awards Mt/y bn 400 35 Others 350 30 Europe 300 N. Americas 7% pa 25 250 Asia-Oce. 20 200 15 150 10 100 50 5 0 0 1990 1995 2000 2004…
  27. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 27
    III. MARKET TRENDS AND STRATEGY 1. Towards a Longer Investment Cycle 2. Radar Screen 3. Resource Management Full Year 2005 Results - February 2006 27
  28. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 28
    2. Major Awards Expected by Technip and Competition in Next 12 Months OFFSHORE GAS / LNG REFINING / PETCHEM. TAPTI Phase 2 CCO (Venezuela) XL DOW Ethylene (India) L (Oman) XL PASCAGOULA FRADE LNG TERM. (USA) L SABIC Petrochem. L…
  29. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 29
    III. MARKET TRENDS AND STRATEGY 1. Towards a Longer Investment Cycle 2. Radar Screen 3. Resource Management Full Year 2005 Results - February 2006 29
  30. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 30
    3.1 Additions to Engineering and Project Management Resources Technip Employees (Worldwide) Increase in 2005 alone: + 1,800 (+9.4%) 20,900 Turnover ratio in 2005 remained unchanged despite pressure on resources in our industry…
  31. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 31
    3.2 Additional Assets to Support the Growth in Subsea Activities A new state-of-the-art diving support and medium construction vessel Delivery scheduled for 2008 New Vessel Design Manufacturing Capacity Expansions:…
  32. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 32
    IV. 2006 FINANCIAL TARGETS Full Year 2005 Results - February 2006 32
  33. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 33
    2006 Financial Targets* 2005 Actual 2006 Targets Revenues: 5.4 billion 6.8 billion Operating Margin: 4.3% 5.0% *2006 targets assume average 2006 Euro/dollar of 1.25 Full Year 2005 Results - February 2006 33
  34. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 34
    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 Full Year 2005…
  35. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 35
    Trading Technip ISIN FR0000131708 Full Year 2005 Results - February 2006 35
  36. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 36
    V. ANNEXES 1. U.S. GAAP Net Income 2. 4th Quarter 2005 Accounts 3. Focus on Backlog 4. Focus on Resources Full Year 2005 Results - February 2006 37
  37. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 37
    ANNEX 1: U.S. GAAP NET INCOME Full Year 2005 Results - February 2006 38
  38. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 38
    U.S. GAAP Net Income in Millions Not Audited FY 2005 IFRS Net Income 93.3 Difference IAS 32/39 & FAS 133 and Other (49.0) U.S. GAAP Net Income 44.3 Full Year 2005 Results - February 2006 39
  39. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 39
    ANNEX 2: 4th QUARTER 2005 ACCOUNTS 1. Main Financial Numbers 2. Business Segment Performance 3. Income Statement 4. Cash Flow Full Year 2005 Results - February 2006 40
  40. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 40
    1. 4th Quarter 2005 Main Financial Numbers in Millions, except EPS 4Q05 4Q04 Change Revenues 1,384.2 1,314.3 + 5.3% Operating Income 30.7 53.9 - 43.0% Operating Margin Ratio 2.2% 4.1% Net Income 1.4 23.4 - 94.0% Earnings…
  41. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 41
    2. 4th Quarter 2005 Business Segment Performance in Millions Offshore Onshore SURF Industries Facilities Downstream Revenues 452.1 263.4 614.0 54.7 Change +29.6% -8.5% +1.9% -27.5% Op. Income -2.2 7.3 25.3 2.5 Change nm +73.8%…
  42. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 42
    3. Quarterly 2005 Group Income Statement in Millions Not Audited 4Q 2005 4Q 2004* Change Revenues 1,384.2 1,314.3 + 5.3% Operating Income 30.7 53.9 - 43.0% Operating Margin 2.2% 4.1% Financial Charges (31.5) (22.4) + 40.6% Income…
  43. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 43
    4. 4th Quarter 2005 Cash Flow * in Millions SOURCES USES Operating Cash Flow 53 Capex 79 Working Capital 291 Treasury Shares 15 Capital Increase 38 Debt 73 Asset Disposals 15 Cash 254 FETA and Other 24 TOTAL 421 TOTAL 421 *…
  44. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 44
    ANNEX 3: FOCUS ON BACKLOG 1. Main Order Intake 2. Regional Split 3. Main Contract Execution Schedule 4. Estimated Scheduling Full Year 2005 Results - February 2006 45
  45. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 45
    1. Main Order Intake Project Country Market Qatargas II * Qatar LNG Yanbu Ethylene Qatar Petrochemicals Horizon Oil Sands Canada Heavy Oil Dung Quat Refinery Vietnam Refining Akpo FPSO Nigeria Deepwater P-52 SURF Brazil Deepwater…
  46. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 46
    2. Backlog: Regional Split As of December 31, 2004: As of December 31, 2005: 6,779 M 11,170 M Asia Europe Pacific Central Asia Asia Europe Pacific Central Asia 9% 8% 7% 16% Americas 16% Americas 19% 26% 35% Middle 46%…
  47. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 47
    3.1 Main Contract Execution Schedule: SURF & Offshore Facilities 2006 2007 2008 SIMIAN SAPPHIRE (100%) - 550 OTWAY (100%) - 200 Deep & Shallow Water Contracts 100 Mn: EAST AREA (100%) - 460 Contract Name (Groups Share in %) Initial…
  48. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 48
    3.2 Main Contract Execution Schedule: Onshore Downstream 2006 2007 2008 OTWAY (100%) - 200 SMPO (100%) - 137 Onshore Downstream Contracts 100 Mn: ORYX GTL (100%) - 675 Contract Name (Groups Share in %) Initial Value of 9th LDPE (100%)…
  49. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 49
    4. Backlog: Estimated Scheduling in Millions Offshore Onshore SURF Facilities Downstream Industries Group 2006 1,797 871 3,000 121 5,789 2007 671 208 3,050 19 3,948 2008 and Beyond 220 128 1,077 8 1,433 Total 2,688 1,207 7,127…
  50. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 50
    ANNEX 4: WORKFORCE LEVERAGE Full Year 2005 Results - February 2006 51
  51. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 51
    1.1 Workforce Leverage 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 worth 1,000 million:…
  52. FEBRUARY 2006 INVESTOR PRESENTATION – Technip – slide 52
    1.2 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…

From the store

Browse maps, data & reports in the Shale Experts store