Skip to main content JANUARY 2005 INVESTOR PRESENTATION – Technip | Shale Experts
Loading...
Pm

JANUARY 2005 INVESTOR PRESENTATION – Technip

Technip · Jan 7, 2005 · 46 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. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 1
    ROADSHOW Tokyo, Japan January 2005 Olivier Dubois Chief Financial Officer
  2. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 2
    I. WHO WE ARE II. TECHNIP TODAY III. MARKET TRENDS IV. OUR 2008 VISION 2
  3. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 3
    I. WHO WE ARE TECHNIP IN A SNAPSHOT REVENUES BY REGIONS GLOBAL NETWORK OF ENGINEERING CENTERS, YARDS & PLANTS TECHNIP IN FAR EAST A HIGH PROFILE CUSTOMER BASE TECHNIP AND COMPETITION 3
  4. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 4
    TECHNIP IN A SNAPSHOT A leading provider of engineering, technologies and construction services for the oil&gas, petrochemical and other industries, specialised in LSTK contracting Listed on Euronext Paris and NYSE ONSHORE:…
  5. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 5
    REVENUES BY REGIONS Asia - Pacific 8% Europe, Russia - 24% 49% Africa / Central Asia Middle East 19% Americas September 30, 2004 5
  6. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 6
    GLOBAL NETWORK OF ENGINEERING CENTERS, YARDS & PLANTS 6
  7. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 7
    TECHNIP IN THE FAR EAST The Kuala Lumpur engineering center YOKOHAMA BEIJING was created in 1982 and has created affiliates all around Asia SHANGHAI Kuala Lumpur: 1000 people Rest of Asia: 860 people including 20 people in…
  8. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 8
    A HIGH PROFILE CUSTOMER BASE TOP TEN CUSTOMERS (30/06/2004) 8
  9. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 9
    TECHNIP AND COMPETITION : REVENUES in billions 1998 2004 (6 months) Halliburton 17.2 Halliburton 10.5 Fluor 13.5 Fluor 4.3 Foster Wheeler 4.5 3.4 JGC 3,5 Saipem 2.6 Mc Dermott 3.3 Jacobs 2.3 Chiyoda 2.7 JGC* 1.8 2.5…
  10. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 10
    TECHNIP AND COMPETITION : NET INCOME (US GAAP) in millions 1998 2004 (6 months) Fluor 235.3 Saipem 111.5 Mc Dermott 232.1 Fluor 91.5 Saipem 154.5 81.3 143.3 Jacobs 68.6 Coflexip 131.3 JGC* 51.4 Bouygues Offshore 57.6 Chiyoda*…
  11. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 11
    TECHNIP AND COMPETITION : SHAREHOLDERSEQUITY in billions 1998 (Dec. 31st) 2004 (Sept. 30th) Halliburton 4.2 2.5 Fluor 1.5 Saipem 2.0 Saipem 1.2 Halliburton 1.8 Mc Dermott 1.1 JGC 1.5 JGC 0.8 Fluor 1.2 0.7 Jacobs 1.0 Coflexip…
  12. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 12
    TECHNIP VS JAPANESE PEERS in billions JGC Chiyoda 6 months Sept. 30th, 04 Sept. 30th, 04 June 30th, 04* Revenue 171.6 97.0 351.3 Net Income (US GAAP) 4.9 4.7 8.3 Market Capitalization** 242.7 141.9 458.1 P/E (05) 25 18 20…
  13. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 13
    II. TECHNIP TODAY MAIN NUMBERS OFFSHORE ACTIVITIES ONSHORE ACTIVITIES GROUP INCOME STATEMENT CASH FLOW STATEMENT NET DEBT AND GEARING RATIO 13
  14. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 14
    MAIN NUMBERS in Millions Income from Net Income Revenues Operations (EBITA) (before Goodwill & Non-Op.) + 12% + 16% + 44% 3,825 196.1 106.7 3,420 169.4 74.1 9M 03 9M 04 9M 03 9M 04 9M 03 9M 04 Order Intake Backlog Gearing…
  15. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 15
    NINE-MONTH 2004 OFFSHORE ACTIVITIES in Millions SURF + Facilities = Offshore Activities Backlog 1,808 -15% 839 -18% 2,647 -16% Revenues 1,073 +14% 779 +20% 1,852 +16% EBITA 107.9 +69% 14.2 nc 122.1 +11% EBITA Margin 10.1% 1.8%…
  16. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 16
    NINE-MONTH 2004 ONSHORE ACTIVITIES Onshore- in Millions Downstream + Industries = Onshore Activities Backlog 2,909 -29% 261 nc 3,170 -28% Revenues 1,782 +15% 191 nc 1,973 + 8% EBITA 75.4 +40% (1.4) ns 74.0 +24% EBITA Margin…
  17. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 17
    GROUP INCOME STATEMENT in Millions 9M 2004 9M 2003 Change Revenues 3,824.5 3,419.7 11.8% EBITA 196.1 169.4 15.8% EBITA Margin 5.1% 5.0% Financial Charges (36.5) (36.8) -0.8% Non-Operating Items (12.2) (5.8) ns Profit Before Tax 147.4…
  18. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 18
    NET DEBT AND GEARING RATIO in Millions Net Debt 652 -16% 545 -59% 222 In two years: Net debt cut by 66% 9-30-02 9-30-03 9-30-04 Gearing 32.3% 27.8% 12.0% Gearing ratio cut by 20 pts Gearing below 20% remains the 2004…
  19. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 19
    BACKLOG in Millions 7,526 6,063 5,817 5,179 Industries Onshore- Downstream Offshore 9-30-01 9-30-02 9-30-03 9-30-04 In months 13.5 15.6 19.8 13.6 of revenues % Offshore 40% 32% 42% 46% Offshore content continued to…
  20. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 20
    QATARGAS II: 2 TRAINS OF 7.8 MILLION TONS/YR EACH Project located at Ras Laffan, Qatar Client: Qatargas II (70% Qatar Petroleum, 30% ExxonMobil) Contract value for LNG facility: USD 4 billion for both trains Execution: Joint venture…
  21. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 21
    III. MARKET TRENDS A) OFFSHORE: FOCUS ON DEEPWATER DEVELOPMENT B) ONSHORE-DOWNSTREAM: FOCUS ON GAS PROCESSING (LNG, GTL) C) INDUSTRIES: FOCUS ON ORGANIC GROWTH 21
  22. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 22
    TECHNIP PROSPECT DATA BANK (OFFSHORE) in billions Expected Industry Awards in Next 12 Months (at September 30, 2004) 14.4 12.8 11.7 8.3 7.6 Facilities 7.6 6.1 5.2 SURF 4.1 2002 2003 2004 Technip targeting FPSOs…
  23. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 23
    DEEP WATER: OIL PRODUCTION Millions of barrels p/d 7 Others 6 5 Africa 4 South East Asia 3 Gulf of Mexico 2 1 Brazil 0 1990 1995 2000 2005 2010 Going from 3.0 mb/d in 2004 to 6.5 mb/d in 2010 Source: IFP 23
  24. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 24
    OFFSHORE: TECHNIP POSITIONING Technip is present on: SURF (Subsea, Umbilicals, Risers and Flowlines) Floating facilities (FPSO, semi-submersibles, SPAR) Flexible pipe and umbilical manufacturing (5 factories) Market Leader in SURF…
  25. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 25
    III. MARKET TRENDS A) OFFSHORE: FOCUS ON DEEPWATER DEVELOPMENT B) ONSHORE-DOWNSTREAM: FOCUS ON GAS PROCESSING (LNG, GTL) C) INDUSTRIES: FOCUS ON ORGANIC GROWTH 25
  26. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 26
    TECHNIP PROSPECT DATA BANK (ONSHORE-DOWNSTREAM) in billions Expected Industry Awards in Next 12 Months (at September 30, 2004) 15.9 14.3 Petrochemicals 5.0 12.2 4.1 2.5 Refining 2.3 5.2 4.6 8.4 Gas Processing 5.3 5.0…
  27. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 27
    NATURAL GAS GROWING DEMAND Increase in Natural Gas Consumption North America by Region 2001 - 2025 Market tightly integrated at present but future extra-regional EE/FSU imports are foreseen North Am erica Asia Developing Asia…
  28. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 28
    NATURAL GAS: MARKET GROWTH FACTORS TCF Booming LNG Market: 12,000 Growing dependence on gas imports in OECD countries, esp. USA and UK 10,000 Emerging GTL Market: Ability to monetize stranded gas Estimated Non-flaring policy for…
  29. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 29
    III. MARKET TRENDS A) OFFSHORE: FOCUS ON DEEPWATER DEVELOPMENT B) ONSHORE-DOWNSTREAM: FOCUS ON GAS PROCESSING (LNG, GTL) C) INDUSTRIES: FOCUS ON ORGANIC GROWTH 29
  30. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 30
    TECHNIP PROSPECT DATA BANK (INDUSTRIES) in billions Expected Industry Awards in Next 12 Months as at September 30th 2.4 Lifesciences & 2.0 0.3 Chemicals 0.5 Metal & Mining 1.5 0.6 0.3 0.4 0.5 Power & 1.6 Infrastructure 1.0…
  31. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 31
    INDUSTRIES: MAIN MARKET TRENDS INFRASTRUCTURES & BUILDINGS: Big push expected in Europe, mainly GLOBAL MARKET (372 Bn) through public-private partnerships (PPPs) Trans-European network: 600 Bn Others (2004-2020) 12% Oil & Gas Process…
  32. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 32
    OUR 2008 VISION TECHNIP OVER THE LAST FIVE YEARS TECHNIP OVER THE NEXT FIVE YEARS COMPETITIVE LANDSCAPE THREATS AND CHALLENGES TECHNIP IN 2008: OUR VISION 32
  33. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 33
    TECHNIP OVER THE LAST 5 YEARS in Millions 1998 2003 Change Backlog 2,790 7,180 x 2.6 Revenues 1,846 4,711 x 2.5 Equity 502 1,938 x 3.9 Net Cash (Debt) 793 (237) NA Workforce 6,400 19,000 x 3.0 A high-speed growth…
  34. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 34
    TECHNIP OVER THE NEXT 5 YEARS Main Market Trends Technips Positioning SURF: leadership Strong (and bumpy) growth Facilities: high growth potential Offshore Technological risks Add capacity in due time (deep Toward a capacity…
  35. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 35
    COMPETITIVE LANDSCAPE OVER THE NEXT 5 YEARS Offshore Construction Capital-intensity (SURF), growing size of projects and rapid business growth should alleviate competitive pressure Onshore-Downstream Profitable growth expected…
  36. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 36
    THREATS AND CHALLENGES Cyclical nature of the oil Expand our third pillar (industries, & gas business infrastructures) to 10 - 15% of our business mix Grow the share of reimbursable Terms and conditions contracts on cost + fee…
  37. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 37
    OUR VISION OF TECHNIP IN 2008: REVENUES in Millions 1,846 4,711 6,300 to 7,300 10% to 15% 8% 25% 19% 16% 12% 35% to 45% 40% 28% 25% 72% 1998 2003 2008 Offshore Facilities Offshore SURF Onshore-Downstream Industries…
  38. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 38
    WHY WE BELIEVE WE CAN GROW FASTER THAN THE OVERALL MARKET Track record over the past twenty years Presence in fast growing regions (Middle East, Far East and China, Gulf of Mexico, Brazil, West Africa) Proven ability to win and to…
  39. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 39
    WHAT IS NEEDED TO REACH OUR 2008 VISION OF TECHNIP Capitalize on our capabilities (estimation, cost control, project management) and our technological edge Expand our deep water construction fleet if / when appropriate Perform a few,…
  40. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 40
    For more information, please contact: INVESTOR RELATIONS G. Christopher Welton Tel. +33 (0) 1 47 48 66 74 e-mail: cweltontechnip.com David-Alexandre Guez Tel. +33 (0) 1 47 78 27 85 e-mail: dagueztechnip.com 41
  41. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 41
    TRADING TECHNIP ISIN FR0000131708 42
  42. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 42
    MARKET POSITIONING: BUSINESS LINES Key Success Capital Main Market Distribution / Marketing Factors Intensity Drivers Downstream Petrochemicals z Economic & Demographic GTL SKILLS Growth (Downstream) LNG Refining z Process…
  43. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 43
    OFFSHORE ACTIVITIES FACILITIES SURF (subsea construction) 44
  44. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 44
    OFFSHORE ACTIVITIES - SPAR EVOLUTION 45
  45. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 45
    ONSHORE CREDENTIALS MIDOR REFINERY (EGYPT) Contract Value: 1.1bn 46
  46. JANUARY 2005 INVESTOR PRESENTATION – Technip – slide 46
    TECHNIP SHARE 2004 PERFORMANCE +73% +59% +32% +7% +8% +7% +3% CAC 40 SBF120 Dow OSX NIKKEI Jones PARIS NEW YORK TOKYO Technip has outperformed the financial markets since Jan. 1st 2004 47

From the store

Browse maps, data & reports in the Shale Experts store