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Q3 2006 RESULTS – Technip

Technip · Nov 16, 2006 · 28 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. Q3 2006 RESULTS – Technip – slide 1
    THIRD QUARTER 2006 RESULTS NOVEMBER 16, 2006
  2. Q3 2006 RESULTS – Technip – slide 2
    Third Quarter 2006 Highlights Strong performance: net income up 63% y-o-y Net cash position increased further Cash return to shareholders is on schedule Backlog stands at EUR 10.9 billion FY 2006 financial targets should be…
  3. Q3 2006 RESULTS – Technip – slide 3
    I. THIRD QUARTER 2006 FIGURES II. TRENDS AND OUTLOOK Third Quarter 2006 Results November 16, 2006 3
  4. Q3 2006 RESULTS – Technip – slide 4
    I. THIRD QUARTER 2006 FIGURES 1. Revenues, Operating Income and Net Income 2. Business Segment Performance 3. Income Statement 4. Net Cash (9 Months) 5. Balance Sheet 6. Shareholder Value Third Quarter 2006 Results November 16,…
  5. Q3 2006 RESULTS – Technip – slide 5
    1. Revenues, Operating Income and Net Income in Millions (not audited) 3Q 2006 3Q 2005 Change Revenues 1,780.8 1,459.7 + 22.0% Operating Income 107.8 83.9 + 28.5% Operating Margin Ratio 6.1% 5.8% Net Income 60.3 36.9 +…
  6. Q3 2006 RESULTS – Technip – slide 6
    2.1 Business Segment Performance: SURF in Millions (not audited) Q3 06 Q3 05 Change Revenues 593.7 471.9 + 25.8% Operating Income 65.2 52.4 + 24.4% Operating Margin Ratio 11.0% 11.1% Backlog (at September 30) 2,634.9 2,679.1 -…
  7. Q3 2006 RESULTS – Technip – slide 7
    2.2 Business Segment Performance: Offshore Facilities in Millions (not audited) Q3 06 Q3 05 Change Revenues 302.9 334.6 - 9.5% Operating Income 21.5 9.7 x2 Operating Margin Ratio 7.1% 2.9% Backlog (at September 30) 664.5 1,396.4…
  8. Q3 2006 RESULTS – Technip – slide 8
    2.3 Business Segment Performance: Onshore-Downstream in Millions (not audited) Q3 06 Q3 05 Change Revenues 829.2 593.0 + 39.8% Operating Income 25.3 22.7 + 11.5% Operating Margin Ratio 3.1% 3.8% Backlog (at September 30) 7,389.3…
  9. Q3 2006 RESULTS – Technip – slide 9
    2.4 Business Segment Performance: Industries in Millions (not audited) Q3 06 Q3 05 Change Revenues 55.0 60.2 - 8.6% Operating Income 3.2 1.3 x 2.5 Operating Margin Ratio 5.8% 2.2% Backlog (at September 30) 162.9 122.6 + 32.9%…
  10. Q3 2006 RESULTS – Technip – slide 10
    3. Group Income Statement in Millions (not audited) 3Q 2006 3Q 2005 Change Revenues 1,780.8 1,459.7 + 22.0% Operating Income 107.8 83.9 + 28.5% Financial Charges (17.6) (23.5) - 25.1% Income of Equity Affiliates 0.1 0.9 Profit…
  11. Q3 2006 RESULTS – Technip – slide 11
    4. Net Cash (9 Months) in Millions Net Cash at December 31, 2005 668 Bond Conversion 598 Share Repurchase 237 Operating Cash Flow 209 Capex 115 Dividend Payment 91 Working Capital 499 Asset Sales 41 Other 64 Net Cash…
  12. Q3 2006 RESULTS – Technip – slide 12
    5. Group Balance Sheet in Millions Sept. 30, 2006* Dec. 31, 2005 FIXED ASSETS 3,275.9 3,244.5 OTHER ASSETS 2,548.5 1,864.7 CASH 2,371.1 2,187.8 TOTAL ASSETS 8,195.5 7,297.0 SHAREHOLDERS EQUITY (incl. Min. Interests) 2,406.4…
  13. Q3 2006 RESULTS – Technip – slide 13
    6. Shareholder Value As of October 13, 2006, Technip had repurchased 6,758,987 shares for 300 million at an average price of 44.41 per share. Technip has thus reached the halfway point of its program to return to its shareholders…
  14. Q3 2006 RESULTS – Technip – slide 14
    II. Trends and Outlook 1. Backlog at September 30, 2006 2. Global Oil & Gas Capex Are Rising 3. Radar Screen 4. FY 2006 Outlook Third Quarter 2006 Results November 16, 2006 14
  15. Q3 2006 RESULTS – Technip – slide 15
    1.1 Backlog: Market Split As of September 30, 2005: As of September 30, 2006: 11,069 M 10,852 M Petrochems Deepwater Petrochems Deepwater 15% 15% 27% 21% Refining / Refining / 13% 15% Heavy Oil Heavy Oil 9% Shallow 10% 2%…
  16. Q3 2006 RESULTS – Technip – slide 16
    1.2 Estimated Backlog Scheduling in Millions Offshore Onshore Group SURF Facilities Downstream Industries 2006 (4th Quarter) 608 288 800 44 1,740 2007 1,480 288 3,639 89 5,496 2008 and Beyond 547 89 2,950 30 3,616 Total 2,635…
  17. Q3 2006 RESULTS – Technip – slide 17
    2. Global Oil & Gas Capex Are Rising in Billions Growth in E&P Capex 320 - 335 320 280 + 95% 266.9 240 213.7 200 171.4 160 120 80 40 0 2004 2005 2006(e) 2007(e) Capex are also rising in refining/petrochems Source…
  18. Q3 2006 RESULTS – Technip – slide 18
    3. Major Awards Expected by Technip and Competition in Next 12 Months OFFSHORE SURF GAS / LNG REFINING / PETCHEM. FACILITIES BC10 BROWSE CCO MAADEN Phosphate L L L XL (Brazil) (Australia) (Venezuela) (S.Arabia) BOSI FULL FIELD…
  19. Q3 2006 RESULTS – Technip – slide 19
    4. Full Year 2006 Financial Targets 2005 Actual 2006 Targets* Revenues: 5.4 billion 6.8 billion Operating Income: 231 million 340 million Full Year 2006 targets should be achieved *2006 targets assume average 2006…
  20. Q3 2006 RESULTS – Technip – slide 20
    Summary The expected 2nd half earnings pick-up is on-track Backlog stabilized at high level through very selective bidding strategy FY 2006 financial targets should be achieved Third Quarter 2006 Results November 16, 2006…
  21. Q3 2006 RESULTS – Technip – slide 21
    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 Third Quarter…
  22. Q3 2006 RESULTS – Technip – slide 22
    Trading Technip ISIN FR0000131708 Third Quarter 2006 Results November 16, 2006 22
  23. Q3 2006 RESULTS – Technip – slide 23
    ANNEXES 1. U.S. GAAP Net Income 2. Nine-Month Accounts Third Quarter 2006 Results November 16, 2006 24
  24. Q3 2006 RESULTS – Technip – slide 24
    Annex 1: U.S. GAAP Net Income in Millions Not Audited 3Q 2006 IFRS Net Income 60.3 Restatement IAS 32/39 & FAS 133 and Other 19.0 U.S. GAAP Net Income 79.3 Third Quarter 2006 Results November 16, 2006 25
  25. Q3 2006 RESULTS – Technip – slide 25
    ANNEX 2: NINE-MONTH ACCOUNTS 1. Revenues, Operating Income and Net Income 2. Business Segment Performance 3. Income Statement Third Quarter 2006 Results November 16, 2006 26
  26. Q3 2006 RESULTS – Technip – slide 26
    1. Revenues, Operating Income and Net Income in Millions (not audited) 9M 2006 9M 2005 Change Revenues 4,944.2 3,991.9 + 23.9% Operating Income 246.3 200.3 + 23.0% Operating Margin Ratio 5.0% 5.0% Net Income 137.1 91.9 +…
  27. Q3 2006 RESULTS – Technip – slide 27
    2. Business Segment Operating Performance in Millions SURF Offshore Onshore- Industries Facilities Downstream Revenues 1,573.4 900.9 2,316.0 153.9 Change +16.9% +20.1% +35.9% -19.9% Op. Income 143.2 63.0 41.7 8.3 Change +18.3%…
  28. Q3 2006 RESULTS – Technip – slide 28
    3. Group Income Statement in Millions (not audited) 9M 2006 9M 2005 Change Revenues 4,944.2 3,991.9 + 23.9% Operating Income 246.3 200.3 + 23.0% Financial Charges (44.8) (57.3) - 21.8% Income of Equity Affiliates 0.4 0.8 Profit…

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