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NINE MONTH 2005 RESULTS – Technip

Technip · Nov 17, 2005 · 41 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.

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  1. NINE MONTH 2005 RESULTS – Technip – slide 1
    NINE-MONTH 2005 RESULTS NOVEMBER 17, 2005
  2. NINE MONTH 2005 RESULTS – Technip – slide 2
    Nine-Month 2005 Highlights Order Intake: 8.5 billion Backlog at September 30: 11.1 billion EPS: up 17.2% y-o-y Nine-Month 2005 Results - November 2005 2
  3. NINE MONTH 2005 RESULTS – Technip – slide 3
    I. NINE-MONTH 2005 GROUP FIGURES II. OUTLOOK III. FULL YEAR 2005 FINANCIAL TARGETS Nine-Month 2005 Results - November 2005 3
  4. NINE MONTH 2005 RESULTS – Technip – slide 4
    I. NINE-MONTH 2005 GROUP FIGURES 1. Order Intake 2. Main Financial Numbers 3. Business Segment Performance 4. Backlog 5. Cash Flow 6. Net Cash Position Nine-Month 2005 Results - November 2005 4
  5. NINE MONTH 2005 RESULTS – Technip – slide 5
    1.1 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%. Nine-Month 2005 Results - November 2005 5
  6. NINE MONTH 2005 RESULTS – Technip – slide 6
    1.2 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…
  7. NINE MONTH 2005 RESULTS – Technip – slide 7
    2. Main Nine-Month 2005 Financial Numbers IFRS, in Millions, except EPS 2005 2004 Var. Revenues 3,992 3,827 +4.3% Operating Income 200.3 172.0 +16.5% Operating Margin 5.0% 4.5% Net Income 91.9 88.2 +4.2% Earnings per Share…
  8. NINE MONTH 2005 RESULTS – Technip – slide 8
    3. Nine-Month 2005 Business Segment Performance in Millions Offshore Onshore SURF Industries Facilities Downstream Backlog 2,679 1,396 6,871 123 +48.2% +66.4% +136.3% -52.7% Revenues 1,345.5 750.0 1,704.2 192.2 +25.4% -3.7%…
  9. NINE MONTH 2005 RESULTS – Technip – slide 9
    4.1 Backlog 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 Nine-Month 2005 Results -…
  10. NINE MONTH 2005 RESULTS – Technip – slide 10
    4.2 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%…
  11. NINE MONTH 2005 RESULTS – Technip – slide 11
    5. Nine-Month 2005 Cash Flow IFRS in Millions SOURCES USES Operating Cash Flow 233 Capex 87 Working Capital 331 Dividend 32 Capital Increase 25 Debt 18 FETA and Other 48 Cash 500 TOTAL 637 TOTAL 637 Nine-Month 2005…
  12. NINE MONTH 2005 RESULTS – Technip – slide 12
    6. 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 *French GAAP Nine-Month 2005…
  13. NINE MONTH 2005 RESULTS – Technip – slide 13
    II. OUTLOOK 1. Business Environment 2. Radar Screen Nine-Month 2005 Results - November 2005 13
  14. NINE MONTH 2005 RESULTS – Technip – slide 14
    1. Business Environment 105 Integrated Oil Companies CAPEX 98 (US in bn): A growing trend 60 62 1.35 US Dollar versus Euro: 1.26 Retrenching after several 1.05 years of appreciation 1.21 0.89 160 DJ US Total Market Steel…
  15. NINE MONTH 2005 RESULTS – Technip – slide 15
    2. Major Awards Expected by Technip and Competition in Next 12 Months OFFSHORE GAS / LNG / GTL REFINING / PETCHEM. UMM SHAIF SABINE PASS LNG SABIC Petrochem. * (UAE) XL Terminal (USA) L (The Netherlands) L KIZOMBA C ECOPETROL HDT…
  16. NINE MONTH 2005 RESULTS – Technip – slide 16
    III. FULL YEAR 2005 FINANCIAL TARGETS Nine-Month 2005 Results - November 2005 16
  17. NINE MONTH 2005 RESULTS – Technip – slide 17
    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 should…
  18. NINE MONTH 2005 RESULTS – 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 Nine-Month 2005…
  19. NINE MONTH 2005 RESULTS – Technip – slide 19
    Trading Technip ISIN FR0000131708 Nine-Month 2005 Results - November 2005 19
  20. NINE MONTH 2005 RESULTS – Technip – slide 20
    IV. ANNEXES 1. Nine-Month 2005 Accounts 2. 3rd Quarter 2005 Accounts 3. Focus on Backlog 4. 3rd Quarter Main Contract Awards Nine-Month 2005 Results - November 2005 21
  21. NINE MONTH 2005 RESULTS – Technip – slide 21
    ANNEX 1: NINE-MONTH 2005 ACCOUNTS 1. Income Statement 2. Balance Sheet 3. U.S GAAP Net Income Nine-Month 2005 Results - November 2005 22
  22. NINE MONTH 2005 RESULTS – Technip – slide 22
    1. Nine-Month 2005 Group Income Statement IFRS, in Millions Not Audited 9M 2005 9M 2004 * Change Revenues 3,991.9 3,826.6 4.3% Gross Margin 449.8 427.0 5.4% R&D and Royalties (19.6) (22.2) -11.7% SG&A and Other Costs (229.9) (232.8) -1.6%…
  23. NINE MONTH 2005 RESULTS – Technip – slide 23
    2.1 September 30, 2005 Group Balance Sheet IFRS, in Millions Sept. 30, 2005 * Dec. 31, 2004 ** Fixed Assets 3,264.5 3,232.5 Deferred Tax Assets 98.5 66.6 TOTAL NON-CURRENT ASSETS 3,363.0 3,299.1 Construction Contracts 565.5 400.6…
  24. NINE MONTH 2005 RESULTS – Technip – slide 24
    2.2 September 30, 2005 Group Balance Sheet IFRS, in Millions Sept. 30, 2005 * Dec. 31, 2004 ** Shareholders Equity 1,958.1 1,851.6 Minority Interests 10.4 9.8 TOTAL SHAREHOLDERS EQUITY 1,968.5 1,861.4 Convertible Bond 642.4 670.9…
  25. NINE MONTH 2005 RESULTS – Technip – slide 25
    3. U.S. GAAP Net Income in Millions Not Audited 9M 2005 IFRS Net Income 91.9 Difference IAS 32/39 & FAS 133 and Other (13.5) U.S. GAAP Net Income 78.4 Nine-Month 2005 Results - November 2005 26
  26. NINE MONTH 2005 RESULTS – Technip – slide 26
    ANNEX 2: 3rd QUARTER 2005 ACCOUNTS 1. Main Financial Numbers 2. Business Segment Performance 3. Income Statement 4. Cash Flow Nine-Month 2005 Results - November 2005 27
  27. NINE MONTH 2005 RESULTS – Technip – slide 27
    1. Main 3rd Quarter 2005 Financial Numbers IFRS, in Millions, except EPS 3Q 2005 3Q 2004 Var. Revenues 1,460 1,303 +12.0% Operating Income 83.9 69.2 +21.2% Operating Margin 5.8% 5.3% Net Income 36.9 33.6 +9.8% Earnings per…
  28. NINE MONTH 2005 RESULTS – Technip – slide 28
    2. 3rd Quarter 2005 Business Segment Performance in Millions Offshore Onshore SURF Industries Facilities Downstream Revenues 471.9 334.6 593.0 60.2 +32.0% +23.5% -2.7% -7.2% Op. Income 52.4 9.7 22.7 1.3 +20.2% +18.3% +7.1%…
  29. NINE MONTH 2005 RESULTS – Technip – slide 29
    3. Quarterly Group Income Statement IFRS, in Millions Not Audited Q3 2005 Q3 2004 * Change Revenues 1,459.7 1,302.9 12.0% Gross Margin 169.9 155.1 9.5% R&D and Royalties (5.8) (6.5) -10.8% SG&A and Other Costs (80.2) (79.4) 1.0% Operating…
  30. NINE MONTH 2005 RESULTS – Technip – slide 30
    4. 3rd Quarter 2005 Cash Flow * IFRS in Millions SOURCES USES Operating Cash Flow 73 Capex 56 Working Capital 384 Capital Increase 23 Debt 14 FETA and Other 21 Cash 431 TOTAL 501 TOTAL 501 * Not Audited Nine-Month…
  31. NINE MONTH 2005 RESULTS – Technip – slide 31
    ANNEX 3: FOCUS ON BACKLOG 1. Regional Split 2. Main Contract Execution Schedule 3. Estimated Scheduling Nine-Month 2005 Results - November 2005 32
  32. NINE MONTH 2005 RESULTS – Technip – slide 32
    1. Backlog: Regional Split As of September 30, 2004: As of September 30, 2005: 5,815 M 11,069 M Asia Europe Pacific Central Asia Asia Europe Pacific Central Asia 10% 8% 10% 18% Americas 16% Americas 20% 22% Middle 43% Middle…
  33. NINE MONTH 2005 RESULTS – Technip – slide 33
    2.1 Main Contract Execution Schedule: SURF & Offshore Facilities 2005 2006 2007 SIMIAN SAPPHIRE (100%) - 550 Deep & Shallow Water Contracts 100 Mn: OTWAY (100%) - 200 Contract Name (Groups Share in %) Initial Value of EAST AREA (100%)…
  34. NINE MONTH 2005 RESULTS – Technip – slide 34
    2.2 Main Contract Execution Schedule: Onshore Downstream 2005 2006 2007 Onshore Downstream Contracts 100 Mn: QATIF GAS PLANT (100%) - 390 Contract Name (Groups Share in %) Initial Value of Groups Share in Millions NIGERIA LNG 4&5…
  35. NINE MONTH 2005 RESULTS – Technip – slide 35
    3. Backlog: Estimated Scheduling in Millions Offshore Onshore SURF Facilities Downstream Industries Group 2005 (4Q) 515 282 550 52 1,399 2006 1,422 800 2,800 57 5,079 2007 and Beyond 742 314 3,521 14 4,591 Total 2,679 1,396…
  36. NINE MONTH 2005 RESULTS – Technip – slide 36
    ANNEX 4: 3rd QUARTER MAIN CONTRACT AWARDS Nine-Month 2005 Results - November 2005 37
  37. NINE MONTH 2005 RESULTS – Technip – slide 37
    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…
  38. NINE MONTH 2005 RESULTS – Technip – slide 38
    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…
  39. NINE MONTH 2005 RESULTS – Technip – slide 39
    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…
  40. NINE MONTH 2005 RESULTS – Technip – slide 40
    Yemen LNG Client: Total, Yemen Gas & partners Capacity: 2 x 3.6 MT/Y Execution: JV Technip, JGC, KBR Value: 667 Mn Yemen LNG plant, 3D view Technip capitalizes on its LNG expertise and presence in the Middle East by leading…
  41. NINE MONTH 2005 RESULTS – Technip – slide 41
    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…

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