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FEBRUARY 2006 RESULTS – Technip

Technip · Feb 22, 2007 · 34 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 RESULTS – Technip – slide 1
    2006 RESULTS BUSINESS OUTLOOK FEBRUARY 22, 2007
  2. FEBRUARY 2006 RESULTS – Technip – slide 2
    2006 Full Year Financial Highlights in Millions, Except EPS (Audited) Revenues 6,926.5 + 28.8 % Operating Income 360.1 + 55.9 % Operating Margin Ratio 5.2 % + 90 bp Net Income 200.1 + 114.5 % EPS () 1.95 + 75.7 % (on a fully…
  3. FEBRUARY 2006 RESULTS – Technip – slide 3
    I. 2006 FINANCIAL FIGURES II. WHAT IT TAKES TO GROW THE BUSINESS III. 2007 MARKET TRENDS AND OUTLOOK Full Year 2006 Results February 22, 2007 3
  4. FEBRUARY 2006 RESULTS – Technip – slide 4
    I. 2006 FINANCIAL FIGURES 1. Business Segment Performance 2. Net Cash 3. Shareholder Value Full Year 2006 Results February 22, 2007 4
  5. FEBRUARY 2006 RESULTS – Technip – slide 5
    1.1 SURF in Millions (Audited) 2006 2005 Change Revenues 2,209.2 1,797.6 + 22.9% Operating Income 213.5 118.8 + 79.7% Operating Margin Ratio 9.7% 6.6% + 310 bp Backlog (at December 31) 2,718.9 2,687.9 + 1.2% Before…
  6. FEBRUARY 2006 RESULTS – Technip – slide 6
    1.2 Offshore Facilities in Millions (Audited) 2006 2005 Change Revenues 1,195.5 1,013.4 + 18.0% Operating Income 83.8 27.1 + 209.2% Operating Margin Ratio 7.0% 2.7% + 430 bp Backlog (at December 31) 741.6 1,206.7 - 38.5%…
  7. FEBRUARY 2006 RESULTS – Technip – slide 7
    1.3 Onshore-Downstream in Millions (Audited) 2006 2005 Change Revenues 3,317.8 2,318.2 + 43.1% Operating Income 73.8 88.3 - 16.4% Operating Margin Ratio 2.2% 3.8% - 160 bp Backlog (at December 31) 6,650.4 7,126.9 - 6.7% ORYX…
  8. FEBRUARY 2006 RESULTS – Technip – slide 8
    1.4 Industries in Millions (Audited) 2006 2005 Change Revenues 204.0 246.9 - 17.4% Operating Income 11.3 6.0 + 88.3% Operating Margin Ratio 5.5% 2.4% + 310 bp Backlog (at December 31) 161.9 148.0 + 9.4% Technip positioning on…
  9. FEBRUARY 2006 RESULTS – Technip – slide 9
    1.5 Corporate in Millions (Audited) 2006 2005 Change Operating Income (22.3) (9.2) - 13.1 2006 Sarbanes-Oxley implementation cost: 14.9 million Full Year 2006 Results February 22, 2007 9
  10. FEBRUARY 2006 RESULTS – Technip – slide 10
    2. Net Cash in Millions, (Audited) Net Cash at December 31, 2005 668 Bond Conversion 598 Share Repurchase -305 Operating Cash Flow 353 Capex -157 Dividend Payment -142 Working Capital 594 Asset Disposals 40 Others…
  11. FEBRUARY 2006 RESULTS – Technip – slide 11
    3. Shareholder Value 2006 Buybacks: Since convertible bonds conversion in March, 6% of shares bought back for 304 million (6.83 million shares at an average price of 44.48), pushing EPS up 6% In December 2006: cancellation of 5,57…
  12. FEBRUARY 2006 RESULTS – Technip – slide 12
    II. WHAT IT TAKES TO GROW THE BUSINESS 1. Enlarging Human Resources 2. Expanding Manufacturing Capacities 3. Adding New Vessels to the Fleet 4. Significant Increase in Capital Expenditures in 2007 Full Year 2006 Results…
  13. FEBRUARY 2006 RESULTS – Technip – slide 13
    1.1 Global Workforce Evolution Variation over 2 years +5.7% 22,085 20,900 Variation over 2 years: + 15,6% +9.4% 19,100 Largest increases: Asia Pacific + 42% Middle East + 31% Europe + 22% A sought-after employer: 47,000…
  14. FEBRUARY 2006 RESULTS – Technip – slide 14
    1.2 Human Resources: Expanding the Network Oslo St. Petersburg Shanghai Dsseldorf Bangkok The Hague Aberdeen Singapore Kuala- Bogota Lumpur USA Jakarta France Caracas Rome Rio de Chennai Janeiro Mexico New New Delhi…
  15. FEBRUARY 2006 RESULTS – Technip – slide 15
    2. Expanding Flexible Pipe Manufacturing Capacities Two major expansion projects launched in 2006 increasing by Q2 2007 our production capacity by about 30% and maintaining our global leadership. VITRIA (BRAZIL) LE TRAIT (FRANCE)…
  16. FEBRUARY 2006 RESULTS – Technip – slide 16
    3. Adding New Vessels to the Fleet Existing Fleet: 13 Vessels 5 New Vessels A newbuilt for deepwater pipelay (delivery in 2010) Deep Blue Apache New Pipelay Vessel New built DSV, chartered with delivery in 2007 Constructor Deep…
  17. FEBRUARY 2006 RESULTS – Technip – slide 17
    4. Significant Increase in Capital Expenditures in 2007 in Millions 352 Group Capex 183 168 157 83 114 169 Of which Fleet Related Capex 74 54 2005 2006 2007 (budget) Full Year 2006 Results February 22, 2007 17
  18. FEBRUARY 2006 RESULTS – Technip – slide 18
    III. MARKET TRENDS AND 2007 OUTLOOK 1. Current Backlog 2. Favorable Market Conditions 3. Prospects for New Order Intake in 2007 4. 2007 Outlook Full Year 2006 Results February 22, 2007 18
  19. FEBRUARY 2006 RESULTS – Technip – slide 19
    1. Current Backlog in Millions SCHEDULING BREAKDOWN BY MARKET Offshore Onshore SURF Facilities Downstream Industries Group Petrochems Deepwater 2007 1,824 570 3,214 141 5,749 16% 23% Refining / 2008 784 172 2,432 14 3,402…
  20. FEBRUARY 2006 RESULTS – Technip – slide 20
    2. Favorable Market Conditions Global Oil & Gas Industry Capex 2000 - 2010 Reserve Renewal Rate 500 160% in Billions Top 15 oil companies 400 140% 300 120% 200 100% 100 80% 0 60% 2000 2002 2004 2006 e2008 e2010 1997 1999…
  21. FEBRUARY 2006 RESULTS – Technip – slide 21
    3. Major Awards Expected by Technip and Competition in Next 12 Months OFFSHORE SURF GAS / LNG REFINING / PETCHEM. FACILITIES USAN USAN FPSO OK LNG MAADEN Phosphate L L XXL XL (Nigeria) (Nigeria) (Nigeria) (S.Arabia) PAZ FLOR PAZ…
  22. FEBRUARY 2006 RESULTS – Technip – slide 22
    4. 2007 Outlook Group revenues are expected to show a moderate growth We anticipate a further improvement in operating income (excluding any capital gain) Our robust backlog and favorable market conditions enable us to manage…
  23. FEBRUARY 2006 RESULTS – Technip – slide 23
    For more information, please contact: INVESTOR RELATIONS Xavier dOuince Tel. +33 (0) 1 47 78 25 75 e-mail: xdouincetechnip.com Full Year 2006 Results February 22, 2007 23
  24. FEBRUARY 2006 RESULTS – Technip – slide 24
    Trading Technip ISIN FR0000131708 Full Year 2006 Results February 22, 2007 24
  25. FEBRUARY 2006 RESULTS – Technip – slide 25
    ANNEXES 1. U.S. GAAP Net Income 2. FY 2006 Income Statement and Balance Sheet 3. Fourth Quarter 2006 Accounts 4. Backlog Regional Split Full Year 2006 Results February 22, 2007 26
  26. FEBRUARY 2006 RESULTS – Technip – slide 26
    Annex 1: U.S. GAAP Net Income in Millions (Not Audited) FY 2006 IFRS Net Income 200.1 Restatement IAS 32/39 & FAS 133 and Other 13.2 U.S. GAAP Net Income 213.3 Full Year 2006 Results February 22, 2007 27
  27. FEBRUARY 2006 RESULTS – Technip – slide 27
    ANNEX 2: FY 2006 INCOME STATEMENT AND BALANCE SHEET 1. Income Statement 2. Balance Sheet Full Year 2006 Results February 22, 2007 28
  28. FEBRUARY 2006 RESULTS – Technip – slide 28
    1. Full Year Consolidated Income Statement in Millions, except EPS (Audited) 2006 2005 Change Revenues 6,926.5 5,376.1 + 28.8% Operating Income 360.1 231.0 + 55.9% Financial Charges (61.5) (88.8) - 30.7% Income of Equity Affiliates…
  29. FEBRUARY 2006 RESULTS – Technip – slide 29
    2. Group Balance Sheet in Millions (Audited) Dec. 31, 2006 Dec. 31, 2005 FIXED ASSETS 3,241.1 3,244.5 OTHER ASSETS 2,054.9 1,864.7 CASH 2,402.8 2,187.8 TOTAL ASSETS 7,698.8 7,297.0 SHAREHOLDERS EQUITY (incl. Min. Interests)…
  30. FEBRUARY 2006 RESULTS – Technip – slide 30
    ANNEX 3: FOURTH QUARTER RESULTS 1. Revenues, Operating Income and Net Income 2. Business Segment Performance 3. Income Statement Full Year 2006 Results February 22, 2007 31
  31. FEBRUARY 2006 RESULTS – Technip – slide 31
    1. Revenues, Operating Income and Net Income in Millions, except EPS (Not Audited) Q4 2006 Q4 2005 Change Revenues 1,982.3 1,384.2 + 43.2% Operating Income 113.8 30.7 + 270.7% Operating Margin Ratio 5.7% 2.2% +350bp Net…
  32. FEBRUARY 2006 RESULTS – Technip – slide 32
    2. Q4 Business Segment Operating Performance in Millions (not audited) SURF Offshore Onshore- Industries Facilities Downstream Revenues 635.8 294.6 1,001.8 50.1 Change +40.6% +11.8% +63.2% -8.4% Op. Income 70.3 20.8 32.1 3.0…
  33. FEBRUARY 2006 RESULTS – Technip – slide 33
    3. Q4 Group Income Statement in Millions, except EPS (Not Audited) Q4 2006 Q4 2005 Change Revenues 1,982.3 1,384.2 + 43.2% Operating Income 113.8 30.7 + 270.7% Financial Charges (16.7) (31.5) - 47.0% Income of Equity Affiliates…
  34. FEBRUARY 2006 RESULTS – Technip – slide 34
    Annex 4: Backlog Regional Split As of December 31, 2005: As of December 31, 2006: 11,170 M 10,273 M Asia Europe Asia Europe Pacific Central Asia Pacific Central Asia 9% 9% 12% 9% Americas Americas 19% 18% Middle Middle East…

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