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Q1 2008 RESULTS – Technip

Technip · May 15, 2008 · 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 2008 RESULTS – Technip – slide 1
    First Quarter 2008 Results May 15, 2008
  2. Q1 2008 RESULTS – Technip – slide 2
    First Quarter 2008 Financial Highlights (1/2) First Quarter in millions, except EPS Not audited 2007 2008 Change ex. FX impact Revenue 1,774.7 1,816.8 + 2.4% + 8.5% EBITDA(1) 143.8 170.9 + 18.8% + 23.1% EBITDA margin 8.1% 9.4%…
  3. Q1 2008 RESULTS – Technip – slide 3
    First Quarter 2008 Financial Highlights (2/2) Strong Subsea performance Operating margin reached 17.9% At 731 million, Subsea order intake represents 46% of Group order intake Offshore and Onshore businesses progressing as…
  4. Q1 2008 RESULTS – Technip – slide 4
    I. First Quarter 2008 Group Figures 1. New Business Segment Reporting Format 2. Income Statement 3. Business Segment Performance 4. Balance Sheet 5. Cash Flow 6. Subsea ROCE First Quarter 2008 Results 4
  5. Q1 2008 RESULTS – Technip – slide 5
    1. New Business Segment Reporting Format As of January 1, 2008 Technips financial statements are reported as follows, in addition to Corporate, which is unchanged: SUBSEA: formerly SURF OFFSHORE: formerly Offshore Facilities…
  6. Q1 2008 RESULTS – Technip – slide 6
    2. First Quarter Group Income Statement in millions (not audited) 1Q 08 1Q 07 Change Revenue 1,816.8 1,774.7 2.4% EBITDA* 170.9 143.8 18.8% Operating Income from Recurring Activities 136.9 107.9 26.9% Income from Activity Disposal…
  7. Q1 2008 RESULTS – Technip – slide 7
    3.1 Subsea in millions, (not audited) 576 549 731 Revenue (5)% 361 Order Intake 1Q 07 1Q 08 +102% 1Q 07 1Q 08 126 96 23.0% 16.7% EBITDA Margin +31% +630bp 3,477 3,474 1Q 07 1Q 08 1Q 07 1Q 08 Backlog 98 = 17.9% 66…
  8. Q1 2008 RESULTS – Technip – slide 8
    3.2 Offshore in millions, (not audited) 223 187 161 91 Revenue Order Intake (16)% +77% 1Q 07 1Q 08 1Q 07 1Q 08 12 551 571 10 5.3% 5.2% Operating Margin Backlog Income* = +4% (17)% 1Q 07 1Q 08 1Q 07 1Q 08…
  9. Q1 2008 RESULTS – Technip – slide 9
    3.3 Onshore in millions, (not audited) 1,081 1,029 976 700 Revenue Order Intake +11% (32)% 1Q 07 1Q 08 1Q 07 1Q 08 32 33 5,361 3.3% 3.1% 4,580 Operating Margin Backlog Income* (20)bp (15)% +4% 1Q 07 1Q 08 1Q 07…
  10. Q1 2008 RESULTS – Technip – slide 10
    4. Group Balance Sheet in millions (not audited) March 31, 2008 Dec. 31, 2007 FIXED ASSETS 3,275.8 3,279.1 OTHER ASSETS 2,418.0 2,418.7 CASH & CASH EQUIVALENTS 2,334.8 2,401.5 TOTAL ASSETS 8,028.6 8,099.3 SHAREHOLDERS…
  11. Q1 2008 RESULTS – Technip – slide 11
    5. Net Cash Flow Statement in millions (not audited) Net Cash as of December 31, 2007 1,704 Operating Cash Flow 123 Capex (68) Working Capital (65) Asset Disposals 1 Capital Increases 1 Debt repayment (5) Others (100) Net…
  12. Q1 2008 RESULTS – Technip – slide 12
    6. Subsea Return on Capital Employed in millions (not audited) SUBSEA OTHERS** GROUP 2006 2007 1Q 08 2006 2007 1Q 08 2006 2007 1Q 08 Non Current Assets 2,701 2,763 2,793 698 701 666 3,399 3,464 3,459 Working Capital and (601)…
  13. Q1 2008 RESULTS – Technip – slide 13
    II. First Quarter 2008 Operational Highlights Subsea Offshore Onshore First Quarter 2008 Results 13
  14. Q1 2008 RESULTS – Technip – slide 14
    Subsea Highlights Operations / Projects Vessel utilization rate of 71%, as several were in dry dock First flexible flowlines installed on Agbami field offshore Nigeria In India the MA-D6 project is nearing completion Contract…
  15. Q1 2008 RESULTS – Technip – slide 15
    Offshore Highlights Operations / Projects Perdido SPAR hull sail-away from Pori yard planned for the end of May 2008 Akpo FPSO: module interconnection completed, sail-away expected early June 2008 Diversification of Pori yard…
  16. Q1 2008 RESULTS – Technip – slide 16
    Onshore Highlights Operations / Projects LNG Project in Yemen: Main Cryogenic Heat Exchanger installed, Energizing of main Electrical Substation Khursaniyah in Saudi Arabia: handing over of some units has started Following an…
  17. Q1 2008 RESULTS – Technip – slide 17
    III. Backlog Analysis First Quarter 2008 Results 17
  18. Q1 2008 RESULTS – Technip – slide 18
    1. Towards a More Balanced Backlog: Segments Business Segment Split Market Split March 31, 2008 8,625 M ONSHORE 67% Other 58% Petrochems Deepwater 53% 6% 3% Refining / 30% Heavy Oil 17% 7% 5% 17% 27% OFFSHORE 7%…
  19. Q1 2008 RESULTS – Technip – slide 19
    2. Towards a More Balanced Backlog: Regions split in millions (not audited) End of March 2007 End of March 2008 9,879 8,625 Europe / Europe / Asia Russia Asia Russia Pacific Central Asia Pacific Central Asia 12% 11% 11% 20%…
  20. Q1 2008 RESULTS – Technip – slide 20
    3. Backlog by Contract Award Date as of March 31, 2008 SUBSEA OFFSHORE ONSHORE 3,474 million 571 million 4,580 million 14% 13% 2% 7% 9% 32% 8% 33% 36% 66% 65% 15% < 2005 2005 2006 2007 1Q 2008 First Quarter 2008…
  21. Q1 2008 RESULTS – Technip – slide 21
    III. Outlook 1. 2007 - 2010 investment program update 2. 2008 Outlook First Quarter 2008 Results 21
  22. Q1 2008 RESULTS – Technip – slide 22
    1. Technip 2007 - 2010 Investment Program Update 2007 Capex (actual) 262 million 2008 Capex (estimate) 400 - 450 million 2009 - 2010 Capex (forecast) 600 - 700 million Over the 2007 - 2010 period, global capex program…
  23. Q1 2008 RESULTS – Technip – slide 23
    2. 2008 Outlook Cash flow / Working capital down 400 to 600 million due to Decrease of large projects contribution partially offset by new contracts 125 million dividend payment (May 13, 2008) 400 - 450 million estimated capex…
  24. Q1 2008 RESULTS – Technip – slide 24
    For more information, please contact: INVESTOR RELATIONS Kimberly Stewart Tel. +33 (0)1 47 78 66 74 e-mail: kstewarttechnip.com Antoine dAnjou Tel. +33 (0)1 47 78 30 18 e-mail: adanjoutechnip.com Xavier dOuince Tel. +33…
  25. Q1 2008 RESULTS – Technip – slide 25
    Trading Technip ISIN: FR0000131708 First Quarter 2008 Results 26
  26. Q1 2008 RESULTS – Technip – slide 26
    Annex: March 31, 2008 Backlog Estimated Scheduling in millions (not audited) Subsea Offshore Onshore Group 9m 2008 1,865 437 2,600 4,902 2009 845 104 1,700 2,649 2010+ 764 30 280 1,074 Total 3,474 571 4,580 8,625…
  27. Q1 2008 RESULTS – Technip – slide 27
    First Quarter 2008 Results May 15, 2008

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