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Q3 2011 RESULTS – Technip

Technip · Oct 27, 2011 · 42 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. Q3 2011 RESULTS – Technip – slide 1
    Third Quarter 2011 Results Paris, October 27, 2011
  2. Q3 2011 RESULTS – Technip – slide 2
    Contents 1. Third Quarter 2011 Operational and Financial Highlights 2. Recent Events & Outlook 3. Annex 2 Third Quarter 2011 Results
  3. Q3 2011 RESULTS – Technip – slide 3
    1. Third Quarter 2011 Operational and Financial Highlights 3 Third Quarter 2011 Results
  4. Q3 2011 RESULTS – Technip – slide 4
    Third Quarter Subsea Operational Highlights Main operations completed Pazflor (Angola) Devenick (UK) CWLH1 (Australia) Kitan (Timor Sea) Work in progress Pazflor, Angola Hibernia (Canada) West Delta Deep Marine Phase 8A…
  5. Q3 2011 RESULTS – Technip – slide 5
    Third Quarter Onshore/Offshore Operational Highlights Middle East Jubail refinery (Saudi Arabia) Asab 3 (UAE) PMP (Qatar) Asia Pacific Wheatstone gas processing platform (Australia) Prelude FLNG (Australia) PMP, Qatar…
  6. Q3 2011 RESULTS – Technip – slide 6
    Order Intake & Backlog million (not audited) Subsea order intake Order intake Backlog Mariscal Sucre Dragon(1) (PDVSA, 4,065 1,127 3,630 Venezuela) 1,018 3,141 Liuhua 11-1 (CNOOC, China) 720 Skandi Niteroi & Deep Constructor…
  7. Q3 2011 RESULTS – Technip – slide 7
    Segment Financial Performance million (not audited) Subsea Onshore/Offshore Revenue Revenue 754 944 699 814 +8% +16% 3Q 10 3Q 11 3Q 10 3Q 11 Operating Income(1) Operating Income(1) 128 67 117 16.9% 7.1% 16.7% 50…
  8. Q3 2011 RESULTS – Technip – slide 8
    Group Financial Highlights million (not audited) 3Q 10 3Q 11 Revenue 1,512.1 1,698.6 +12.3% year-on-year EBITDA (1) 199.2 217.9 EBITDA margin 13.2% 12.8% (2) Operating Income 155.7 180.9 +16.2% year-on-year (2) Operating…
  9. Q3 2011 RESULTS – Technip – slide 9
    Cash Flow and Balance Sheet million (not audited) Robust Net Cash Position 3 months Net Cash as of June 30, 2011 1,110.1 1,332 1,313 Cash Generated from / (Used in) 1,300 194.5 Operations 1,110 Change in Working Capital…
  10. Q3 2011 RESULTS – Technip – slide 10
    2. Recent Events & Outlook 10 Third Quarter 2011 Results
  11. Q3 2011 RESULTS – Technip – slide 11
    Investor Day in Brazil Key Takeaways (1) Solid foundations in Brazil for profitable Latin America opportunities broadening growth Technips portfolio 35-year leadership built on local resources and asset Long-term local presence…
  12. Q3 2011 RESULTS – Technip – slide 12
    Progress of Global Industries Acquisition September 12, 2011: Announcement of agreement to acquire Global Industries Positive reaction from clients and employees Discussion on integration planning started with joint teams within…
  13. Q3 2011 RESULTS – Technip – slide 13
    Continuous Capital Expenditures Program 2011 Capital expenditures: around 360 - 380 million New vessels Skandi Niteroi: offshore operation started in Brazil Deep Energy: milestone payments Deep Orient Asian installation vessel:…
  14. Q3 2011 RESULTS – Technip – slide 14
    Backlog Visibility (1) million (not audited) million Subsea Offshore Onshore Group 2011 (3 months) 748.9 260.6 704.7 1,714.2 2012 2,226.7 1,163.2 1,875.8 5,265.7 2013+ 1,089.9 787.0 1,261.4 3,138.3 Total 4,065.5…
  15. Q3 2011 RESULTS – Technip – slide 15
    2011 Full Year Outlook (1) Group revenue around 6,500 - 6,700 million, unchanged Subsea revenue above 2,700 million: formerly around 2,600 - 2,700 million Subsea operating margin(2) between 16.5% and 17.0% Onshore/Offshore…
  16. Q3 2011 RESULTS – Technip – slide 16
    Technips Share information ISIN: FR0000131708 Bloomberg: TEC FP Reuters: TECF.PA SEDOL: 4874160 OTC ADR ISIN: US8785462099 ADR: TKPPK 16 Third Quarter 2011 Results
  17. Q3 2011 RESULTS – Technip – slide 17
    Technip has a sponsored Level 1 ADR Bloomberg ticker: TKPPY CUSIP: 878546209 Depositary bank: Deutsche Bank Trust Company Americas Depositary bank contacts: ADR broker helpline: +1 212 250 9100 (New York) +44 207 547 6500…
  18. Q3 2011 RESULTS – Technip – slide 18
    Additional Information In connection with the proposed transaction, Global Industries, Ltd. has filed a preliminary proxy statement and other relevant documents with the SEC. Before making any voting decisions, investors and security…
  19. Q3 2011 RESULTS – Technip – slide 19
    3. Annex 20 Third Quarter 2011 Results
  20. Q3 2011 RESULTS – Technip – slide 20
    Third Quarter 2011 21 Third Quarter 2011 Results
  21. Q3 2011 RESULTS – Technip – slide 21
    Growing Backlog million (not audited) Backlog across segments Backlog market split as of Sept. 30, 2011 10,118 9,390 9,228 Other Petrochems 8,018 Deepwater 1,000 meters Onshore 7,208 57% 54% 38% 56% 45% Refining / 22%…
  22. Q3 2011 RESULTS – Technip – slide 22
    Group Financial Highlight million (not audited) 9M 2010 9M 2011 Revenue 4,315.0 4,798.7 (1) EBITDA 569.6 609.5 EBITDA margin 13.2% 12.7% (2) Operating Income 455.4 501.3 (2) Operating Margin 10.6% 10.4% Non-Current…
  23. Q3 2011 RESULTS – Technip – slide 23
    Group Balance Sheet million (not audited) Dec. 31, Sept. 30, 2010 2011 Fixed Assets 4,146.0 4,211.3 Construction Contracts Amounts in Assets 378.6 503.9 Other Assets 2,591.7 2,354.5 Cash & Cash Equivalents 3,105.7 2,523.3…
  24. Q3 2011 RESULTS – Technip – slide 24
    Technips Backlog by Geography and Award Date By geography Backlog by award date Europe /…
  25. Q3 2011 RESULTS – Technip – slide 25
    Onshore and Offshore 3Q 2011 Figures million (not audited) Onshore Offshore Revenue Revenue 705.6 238.6 616.6 196.9 +14% +21% 3Q 10 3Q 11 3Q 10 3Q 11 Operating Income(1) Operating Income(1) 55.1 7.8% 5.0% 40.4 6.6%…
  26. Q3 2011 RESULTS – Technip – slide 26
    Technip Today 27 Third Quarter 2011 Results
  27. Q3 2011 RESULTS – Technip – slide 27
    Bringing Innovative Solutions to Clients in 3 Segments Subsea Offshore Onshore Worldwide leadership Innovative engineering Strong reputation with Unique vertical integration capabilities customers & business partners Design &…
  28. Q3 2011 RESULTS – Technip – slide 28
    Two Complementary Business Models Driving Financial Structure and Performance million Subsea Offshore Onshore Operating Income(1) Operating Margin(1) Combined Combined Operating Income(1) Operating Margin(1) 533 18.6% 207…
  29. Q3 2011 RESULTS – Technip – slide 29
    Technip Worldwide Presence Orkanger Evanton Oslo Pori Aberdeen Stavanger St. Petersburg Newcastle Warsaw London The Hague Calgary St. Johns Dsseldorf Le Trait Paris Lyon Rome Los Angeles Barcelona Athens Houston Baghdad Cairo…
  30. Q3 2011 RESULTS – Technip – slide 30
    Large Diversified & Balanced Customer Base National Oil Companies International Oil Companies 31 Third Quarter 2011 Results
  31. Q3 2011 RESULTS – Technip – slide 31
    Seamless Execution Subsea: a Unique Vertically Integrated Business Model R&D 1 Design & Project Management 2 Strategic locations World-class Aberdeen R&D facilities Close to Houston Dedicated Aberdeen (UK) production sites Kuala…
  32. Q3 2011 RESULTS – Technip – slide 32
    High Performing Fleet Rigid and flexible pipelay vessels Deep Blue Apache II Skandi Niteroi Deep Energy Sunrise 2000 Normand Progress Skandi Vitoria 7 units Subsea construction vessels (flexlay capability) Deep Pioneer…
  33. Q3 2011 RESULTS – Technip – slide 33
    Asia Pacific: Unique Assets for High Potential Market Asiaflex Technip in Asia Pacific 1st and only Asian flexible/umbilical 3,900 people manufacturing plant Founded in 1982 Offshore logistic base Shanghai Dedicated local…
  34. Q3 2011 RESULTS – Technip – slide 34
    North Sea Canada: Leading Technologies for Harsh Environment Expertise Subsea/Onshore/Offshore Pre-FEED, FEED and detailed design Orkanger Haugesund Pori Umbilical manufacture and installation Evanton Oslo Subsea pipelay and…
  35. Q3 2011 RESULTS – Technip – slide 35
    Brazil: Long-Standing Local Presence Technip in Brazil Operations 1977: 20 Engineers Vessels Garoupa field development Skandi Niteroi - Platform design Skandi Vitoria - 1st flexible pipe installed in Brazil Sunrise 2000 - 100…
  36. Q3 2011 RESULTS – Technip – slide 36
    Field Development Solutions in Brazil Jumpers 37 Risers Export lines Infield flowlines Flexible riser & jumper Flexible flowline IPB flexible pipe IPB(1) Rigid riser/flowline/export (1) Integrated Production…
  37. Q3 2011 RESULTS – Technip – slide 37
    State-of-the-Art Technology in all Business Segments Subsea Offshore Onshore Numerous proprietary technologies and Unrivalled high technological assets partnerships with licensors Cryogenic Rigid Ethylene Increased Ultra…
  38. Q3 2011 RESULTS – Technip – slide 38
    Reeled Heated Pipe-in-Pipe Technips ETH(1) technology Islay Project, UK North Sea Flow assurance: heated pipe-in-pipe 6km tie-back in 122 meters of water Fibre optic temperature monitoring Major challenge: hydrates formation Fast…
  39. Q3 2011 RESULTS – Technip – slide 39
    World Class Engineering & Technology to Develop Marine Well Containment System Buoyancy can Top side jumpers Very deep water umbilical (3,000m) Riser system Fast track project Strong requirements Very deep water…
  40. Q3 2011 RESULTS – Technip – slide 40
    FLNG(1), an Innovative Solution for our Customers Floating LNG moving from concept to reality Industry experience in large FPSOs Open sea transfer of LNG made possible Processing challenges on moving platforms solved Industrial…
  41. Q3 2011 RESULTS – Technip – slide 41
    Shareholding Structure, May 2011 North America 27.9% Employees 2.1% UK & Ireland Treasury Shares 12.5% 2.4% Institutional Others Investors 4.8% 82.1% Individual Shareholders Rest of World 18.8% 6.0% IFP Energies Nouvelles…
  42. Q3 2011 RESULTS – Technip – slide 42
    Third Quarter 2011 Results

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