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Q1 2007 RESULTS – Technip

Technip · May 15, 2007 · 27 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. Q1 2007 RESULTS – Technip – slide 1
    May 15, 2007 First Quarter 2007 Results
  2. Q1 2007 RESULTS – Technip – slide 2
    First Quarter 2007 Financial Highlights in Millions, except EPS (Not audited) Var. YoY Revenues 1,774.7 + 12.7 % Operating Income 107.9 + 237.2 % from Recurring Activities * Operating Margin Ratio 6.1 % + 410 bp from…
  3. Q1 2007 RESULTS – Technip – slide 3
    Contents _I First Quarter 2007 Group Figures _II Trends and Outlook First Quarter 2007 Results 3
  4. Q1 2007 RESULTS – Technip – slide 4
    I/ First Quarter 2007 Figures 1. Business Segment Performance 2. Income Statement 3. Net Cash 4. Balance Sheet 5. ROCE 6. Shareholder Value First Quarter 2007 Results 4
  5. Q1 2007 RESULTS – Technip – slide 5
    1.1 / SURF in Millions 2,719 2,483 576 66* 11.5%* 493 40 8.1% 12/31/06 03/31/07 Q1 06 Q1 07 Q1 06 Q1 07 Q1 06 Q1 07 Backlog: Revenues: Operating Income: Operating Margin - 9% + 17% + 65% Ratio: + 340bp X Including capital…
  6. Q1 2007 RESULTS – Technip – slide 6
    1.2 / Offshore Facilities in Millions 742 624 293 223 5.3% 12 -11* -3.6%* 12/31/06 03/31/07 Q1 06 Q1 07 Q1 06 Q1 07 Q1 06 Q1 07 Backlog: Revenues: Operating Income: Operating Margin - 16% - 24% + 210% Ratio: + 890bp X…
  7. Q1 2007 RESULTS – Technip – slide 7
    1.3 / Onshore-Downstream in Millions 6,650 6,580 925 3.2% 739 29 1.2 0.2% 12/31/06 03/31/07 Q1 06 Q1 07 Q1 06 Q1 07 Q1 06 Q1 07 Backlog: Revenues: Operating Income: Operating Margin - 1% + 25% x 24 Ratio: + 300bp X LNG…
  8. Q1 2007 RESULTS – Technip – slide 8
    1.4 / Industries in Millions 49 51 5.1% 5.1% 192 2.5 2.6 162 12/31/06 03/31/07 Q1 06 Q1 07 Q1 06 Q1 07 Q1 06 Q1 07 Backlog: Revenues: Operating Income: Operating Margin + 19% + 4% + 4% Ratio X Technip awarded contract for…
  9. Q1 2007 RESULTS – Technip – slide 9
    2. / Q1 Group Income Statement in Millions, except EPS (Not audited) Q1 07 Q1 06 Change Revenues 1,774.7 1,574.4 + 12.7% Operating Income from 107.9 32.0 + 237.2% Recurring Activities Income from Sale of Activities 14.6 22.0…
  10. Q1 2007 RESULTS – Technip – slide 10
    3. / Net Cash in Millions, (Not audited) Net Cash at December 31, 2006 1,540 Share Buyback - 86 Operating Cash Flow 81 Capex - 35 Working Capital 54 Asset Disposals 66 Others -9 Net Cash at March 31, 2007 1,611 First Quarter…
  11. Q1 2007 RESULTS – Technip – slide 11
    4. / Group Balance Sheet in Millions Mar. 31, 2007* Dec. 31, 2006** FIXED ASSETS 3,223.5 3,241.1 OTHER ASSETS 2,497.1 2,419.6 CASH & EQUIVALENTS 2,481.3 2,402.8 TOTAL ASSETS 8,201.9 8,063.5 SHAREHOLDERS EQUITY (incl. Min.…
  12. Q1 2007 RESULTS – Technip – slide 12
    5. / Net Return on Capital Employed in Millions (Not audited) Q1 07 Q1 06 Profit Before Tax 103.3 37.1 Financial Charges 20.6 17.3 Notional Income Tax (30%) (37.2) (16.3) Adjusted Net Income (1) 86.7 38.1 Opening…
  13. Q1 2007 RESULTS – Technip – slide 13
    6. / Shareholder Value X In Q1 2007, 1.73 million shares were bought back on the market for a total amount of 86.1 million X On April 27th, 2007, Shareholders approved z a 14% increase in dividend to 1.05 per share z an…
  14. Q1 2007 RESULTS – Technip – slide 14
    II/ Market Trends and 2007 Outlook 1. Backlog as of March 31st, 2007 2. Prospects for Order Intake in 2007 3. Full Year 2007 Outlook First Quarter 2007 Results 14
  15. Q1 2007 RESULTS – Technip – slide 15
    1.1 / March 31st, 2007 Backlog Estimated Scheduling in Millions Offshore Onshore SURF Facilities Downstream Industries Group 2007 1531 418 2,437 140 4,526 2008 848 206 2,764 37 3,855 2009 + 104 - 1,379 15 1,498 Total 2,483…
  16. Q1 2007 RESULTS – Technip – slide 16
    1.2 / Backlog Breakdown as of March 31st, 2007 9,879 M Market Split Regional Split Asia Europe Pacific Central Asia Petrochems Deepwater 13% 12% 11% 21% Americas Refining / Heavy Oil 14% 18% Shallow 11% Water 2% 11% 48%…
  17. Q1 2007 RESULTS – Technip – slide 17
    2.1 / Major Awards Expected by Technip and Competition in Next 12 Months OFFSHORE SURF GAS / LNG REFINING / PETCHEM. FACILITIES USAN USAN FPSO BONNY LNG TRAIN 7 DOW ETHYLENE L L XL XXL (Nigeria) (Nigeria) (Nigeria) (Oman) PAZ…
  18. Q1 2007 RESULTS – Technip – slide 18
    2.2 / Prospects for Order Intake in 2007 in Billion ACCESSIBLE MARKET* (Six Months Forward ) 25.2 0.8 Industries 21.0 21.4 1.0 1.0 Onshore- 11.0 Downstream 7.8 8.6 5.6 Offshore Facilities 7.7 7.1 7.8 SURF 4.3 4.9 As…
  19. Q1 2007 RESULTS – Technip – slide 19
    3. / Full Year 2007 Outlook X Group revenues are expected to show a moderate growth X We anticipate a further improvement in operating income from recurring activities X Our robust backlog and favorable market conditions enable…
  20. Q1 2007 RESULTS – Technip – slide 20
    Summary X Revenues up 13% X Earnings per share up 103% at 0.65 X Strong performance in SURF X High tendering activities in all business segments and in all regions First Quarter 2007 Results 20
  21. Q1 2007 RESULTS – Technip – slide 21
    For more information, please contact: INVESTOR RELATIONS X Xavier dOuince Tel. +33 (0) 1 47 78 25 75 e-mail: xdouincetechnip.com First Quarter 2007 Results 21
  22. Q1 2007 RESULTS – Technip – slide 22
    Trading Technip ISIN FR0000131708 First Quarter 2007 Results 22
  23. Q1 2007 RESULTS – Technip – slide 23
    Annexes 1. U.S. GAAP Net Income 2. Corporate Governance First Quarter 2007 Results 24
  24. Q1 2007 RESULTS – Technip – slide 24
    Annex 1: U.S. GAAP Net Income in Millions (Not Audited) Q1 07 IFRS Net Income 68.1 Restatement IAS 32/39 & FAS 133 and Other 6.2 U.S. GAAP Net Income 74.3 First Quarter 2007 Results 25
  25. Q1 2007 RESULTS – Technip – slide 25
    Annex 2: Corporate Governance 1. New Board of Directors 2. Composition of the Board Specialized Committees First Quarter 2007 Results 26
  26. Q1 2007 RESULTS – Technip – slide 26
    1. / New Board of Directors X The mandates of all Directors expired at the Shareholders Meeting on April 27, 2007. The new composition of the Board of Directors is as follows: z Re-elected Directors: Olivier APPERT, Chairman and CEO…
  27. Q1 2007 RESULTS – Technip – slide 27
    2. / Composition of the Board Specialized Committees X Audit Committee z Daniel LEBEGUE* (Chairman) z Jacques DEYIRMENDJIAN* z Roger MILGRIM* z John OLEARY* X Strategic Committee z Jacques DEYIRMENDJIAN* (Chairman) z Olivier…

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