Long-Term Solid Partner Knut BE, SVP Technip North Sea and Canada DnB NOR Markets Offshore & Shipping Management Access Conference 2009 March 5, 2009
Contents I. Technip at a glance II. Subsea Business Environment III. Technips Strengths and Differentiating Attributes Annex 2
I. Technip at a glance 3
Technip Today Worldwide leader in engineering, project management and technologies, serving the oil & gas industry for 50 years 23,000 employees in 46 countries, Industrial assets on 5 continents, a fleet of 16 vessels (19 vessels end…
Worldwide Presence Orkanger Stavanger Pori Evanton Aberdeen Oslo St. Petersburg Newcastle Calgary London The Hague St. Johns Dsseldorf Le Trait Paris Lyon Los Angeles Rome Barcelona Athens Houston Abu Dhabi Shanghai…
Attract and Develop Qualified Resources Worldwide Technip headcount by location 23,000 Middle East Asia-Pacific India 18,000 Russia, Central Asia +25% CAGR Africa South America North America Other Europe Germany 6,000…
Income Statement in millions, except EPS (audited) 7,887 7,481 Revenue (5.1)% 846 +2.1x 410 EBITDA(1) 657 +2.7x 247 Operating Income(2) 448 +3.5x 126 Net Income 4.25 +3.5x EPS 1.20 2007 2008 (1) Calculated as…
Change risk profile: Balance of Backlog per Segments, Markets and Regions Segment Region Market December 31, 2008 December 31, 2008 7,208 million 7,208 million Europe / Asia Russia Other Onshore 57% Pacific Central Asia…
II. Subsea Business Environment 9
Our Subsea sector beginning of 2009 a rapidly changing environment Oil price decline and financial crisis have triggered rapid reactions from our clients: Small or highly leveraged E&P companies dramatically reducing investments in…
Our Subsea sector beginning of 2009 however Larger customers (majors, some large independents and NOCs) continue to invest reprioritizing their capital expenditures: buying reserves rather than exploration and focused on lower cost…
III. Technips Strengths and Differentiating Attributes 12
Major Capex Progress as of December 31, 2008 ASIA FLEX 31% Malaysia 22% PLSV 49% Brazil Charter: 4 years Option: 4 years 30% NPV 42% Worldwide 34% SKANDI ARCTIC 90% Norway Frame agreement: 3 years Option: 1 + 1 +…
Technological Solutions to address new challenges: Deeper Water Perdido SPAR (Shell) Technical Objectives Spar operating Extend flexible risers water depth at the deepest and pressure capability to 3,000 meters water depths: and…
Technological Solutions to address new challenges: Floating LNG solutions Cryogenic Cryogenic Processing system FPSO Subsea services flexible pipe pipe-in-pipe & product provider LNG carrier FPSO LNG (FLNG) Interface of…
Technips differentiating attributes Well balanced: regions, clients and markets First class technology and project management skills Subsea vertically integrated with best-in-class assets Proximity to local clients Strong balance sheet…
For more information, please contact: Investor Relations Antoine dAnjou Tel. +33 (0)1 47 78 30 18 e-mail: adanjoutechnip.com Kimberly Stewart Tel. +33 (0)1 47 78 66 74 e-mail: kstewarttechnip.com 18
Onshore Full Year Figures In millions (not audited) Revenue Order intake 4,670 3,338 4,097 (12.3)% 2,383 (28.6)% 2007 2008 2007 2008 Operating income* 154 4% (157) n.a. (3)% Margin +712bp 2007 2008 2007 2008 *…
12 months Group Income Statement in millions, except EPS (audited) 2007 2008 Change ex. FX impact Revenue 7,886.5 7,481.4 (5.1)% (1.0)% EBITDA* 410.0 845.5 2.1x 2.2x Operating Income from Recurring Activities 247.0 656.9 2.7x 2.8x…
Group Balance Sheet Dec. 31, 2007 Dec. 31, 2008 in millions (audited) Fixed assets 3,280.4 3,387.7 Construction Contracts 280.6 140.8 Other assets 2,136.8 2,198.7 Cash & cash equivalents 2,401.5 2,404.7 Total assets 8,099.3 8,131.9…
Full Year and Fourth Quarter 2008 Net Cash Flow Statement in millions (audited) 12 months 3 months Net Cash beginning of period 1,704.3 1,554.9 EBITDA 845.5 234.4 Taxes, Financials & Other (163.8) (4.3) Working Capital (227.0)…
Subsea Return on Capital Employed SUBSEA OTHERS** GROUP in millions (not audited) 2006 2007 2008 2006 2007 2008 2006 2007 2008 Non Current Assets 2,701 2,763 2,984 698 701 605 3,399 3,464 3,589 Working Capital (601) (1,131)…
Dec. 31, 2008 Backlog Estimated Scheduling in millions Subsea Offshore Onshore Group 2009 2,325 352 2,488 5,165 2010 835 109 741 1,685 2011+ 336 0 22 358 Total 3,496 461 3,251 7,208 34
Backlog by Contract Award Date as of Dec. 31, 2008 SUBSEA OFFSHORE ONSHORE 3,496 million 461 million 3,251 million 2% 3% 4% 2% 22% 34% 44% 46% 50% 63% 13% 17% < 2005 2005 2006 2007 2008 35
Financial Risk Management Strong cash position as of December 31, 2008 Total Cash 2,405 million Net Cash 1,645 million Debt financing has a long horizon 650 million straight bond maturing May 2011 Unused confirmed credit…
2007 2010 Capex Program in millions 2007 2008 2009 262 401 =< 400 Capex actual actual estimate 2007 2010 Capex Program on track 37
2009 Full Year Outlook* We are targeting: Group revenue of 6.1 - 6.4 billion with flat to moderate revenue growth in the Subsea segment Further improvement in the combined Onshore/Offshore operating margin Subsea operating…
Clients 39
Technips Strong Relationships with both IOCs & NOCs Gas Refining, Offshore Subsea processing / Hydrogen, Petrochems Recent projects examples facilities LNG Heavy oils 3 3 3 3 Shah Deniz, Greater Plutonio, Secco PE 3 3 3 3…
Shareholding Structure 41
Shareholding structure as of December 31, 2008 Treasury Shares Others IFP 2.8% 3% 2.8% Employees 2.9% Individual shareholders 6.4% French Institutional Investors 22.5% Other Institutional Investors 59,6 % Listed on…
2008 Fourth Quarter and Full Year Results February 19, 2009
Loading...
