Skip to main content Q2 2003 RESULTS – Technip Investor Presentation | Shale Experts
Loading...
Pm

Q2 2003 RESULTS – Technip

Technip · Sep 5, 2003 · 25 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. Q2 2003 RESULTS – Technip – slide 1
    SECOND QUARTER AND FIRST HALF 2003 RESULTS Sept 2003 ISIN FR0000131708 1 A Member of the UN Global Compact
  2. Q2 2003 RESULTS – Technip – slide 2
    I. TECHNIP AT MID-YEAR 2003 II. IMPROVEMENT IN MARKET CONDITIONS III. FOUNDATIONS FOR PROFITABLE GROWTH IV. CONCLUSION 2
  3. Q2 2003 RESULTS – Technip – slide 3
    I. TECHNIP AT MID-YEAR 2003 1. MAIN NUMBERS 2. OFFSHORE ACTIVITIES 3. ONSHORE ACTIVITIES 4. CASH FLOW 5. BALANCE SHEET 3
  4. Q2 2003 RESULTS – Technip – slide 4
    MAIN NUMBERS In million H1 2003 H1 2002 % Change (except EPS & E/ADS) Order Intake 4,178 2,912 + 43% Backlog 7,572 5,667 + 34% Revenues 2,163 2,173 0% EBITA 96.7 87.9 + 10% Net Income before 36.7 30.9 + 19% Goodwill Net Income…
  5. Q2 2003 RESULTS – Technip – slide 5
    H1 2003: OFFSHORE ACTIVITIES in million SURF + Facilities = Offshore activities Order Intake 1,427 +122% 1,030 +568% 2,457 +208% Backlog 1,877 +63% 1,170 +47% 3,047 +57% Revenues 572 -10% 418 +2% 990 -5% EBITA 33 -28% 26 ns 59…
  6. Q2 2003 RESULTS – Technip – slide 6
    H1 2003: ONSHORE ACTIVITIES Onshore and in million Downstream + Industries = Onshore activities Order Intake 1,606 +35% 115 -50% 1,721 +22% Backlog 4,210 +23% 315 +4% 4,525 +22% Revenues 983 +10% 190 -19% 1,173 +4% EBITA 35…
  7. Q2 2003 RESULTS – Technip – slide 7
    H1 2003: CASH FLOW (IN M) SOURCES USES Operating Cash Flow 111 Change in (176) Working Capital Asset Disposals 14 Dividend Payment (77) Aker Deepwater Div. 31 Price Reduction Capital Expenditures (62) Debt & Cash 177 FETA and…
  8. Q2 2003 RESULTS – Technip – slide 8
    BALANCE SHEET June 30, Dec. 31, June 30, in millionF 2003 2002 2002 Cash 634 741 702 Other Current Assets 1,492 1,370 1,235 Contracts in Progress 5,359 4,977 5,499 Fixed Assets 3,289 3,518 3,659 Total Assets 10,774 10,606 11,095…
  9. Q2 2003 RESULTS – Technip – slide 9
    II. IMPROVEMENT IN MARKET CONDITIONS 1. RISING DEMAND IN TECHNIPS KEY MARKETS 2. RISING DEMAND IN MOST GEOGRAPHICAL AREAS 3. MORE CAUTIOUS COMPETITORS 4. CURRENCY TRENDS 9
  10. Q2 2003 RESULTS – Technip – slide 10
    RISING DEMAND IN TECHNIPS KEY MARKETS OFFSHORE FIELD DEVELOPMENTS: High crude oil price boosting cash-flows of oil companies Need to replace fast-declining production in conventional areas Specific attractiveness of deep offshore:…
  11. Q2 2003 RESULTS – Technip – slide 11
    RISING DEMAND IN MOST GEOGRAPHICAL AREAS Middle East Strong markets in most countries, driven by gas and petrochemical growth (S.Arabia, Qatar, Iran, UAE) Africa Long delayed major offshore projects are now coming on the market…
  12. Q2 2003 RESULTS – Technip – slide 12
    MORE CAUTIOUS COMPETITORS -44.4 McDermott -14.9 Foster Wheeler -10.6 Stolt -8 Halliburton Year 2002 -5.9 Global Ind. % US GAAP Net Income / Revenues -3.8 ABB Subsea 7 0 Chiyoda 1.2 Fluor 1.6 JGC 1.8 Technip 2 Jacobs…
  13. Q2 2003 RESULTS – Technip – slide 13
    CURRENCY TRENDS July 1st 02 May 28th 03 versus: TECHNIPs answers US + 18.6 % Minimize impact on earnings through multi-currency contracts and full hedging of residual exposure UK + 10.9 % Mitigate impact on competitiveness by…
  14. Q2 2003 RESULTS – Technip – slide 14
    CURRENCY TRENDS May 28th 03 August 31st 03 versus: US - 6.6 % Towards an easing of the UK - 2.9 % pressure on European players EN - 7.9 % WON - 8.3 % 14
  15. Q2 2003 RESULTS – Technip – slide 15
    III. FOUNDATIONS FOR PROFITABLE GROWTH 1. STRATEGIC VISION BECOMING REALITY 2. RISING BACKLOG REPLACEMENT RATIOS 3. MAJOR CONTRACT SCHEDULING 4. COST REDUCTIONS 15
  16. Q2 2003 RESULTS – Technip – slide 16
    STRATEGIC VISION BECOMING REALITY BREAKTHROUGH IN LARGE OFFSHORE DEVELOPMENTS Value: LARGE OFFSHORE CONTRACTS AWARDED TO (Technip share TECHNIP SINCE THE BEGINNING OF 2003: in million) Dalia (Angola, Deepwater): SURF + FPSO 780…
  17. Q2 2003 RESULTS – Technip – slide 17
    BACKLOG REPLACEMENT RATIO IS SHARPLY UP Order Intake 250% Revenues 3% 19 200% 4% 150% 13 9% 6% 11 11 % 100% 89 50% 0% H1 2001 H2 2001 H1 2002 H2 2002 H1 2003 Offshore - Surf Offshore -…
  18. Q2 2003 RESULTS – Technip – slide 18
    MAJOR CONTRACTS SCHEDULE 2003 2004 2005 2006 HARADH - 460 MEUR - 100% NIGERIA LNG 3 - 300 MEUR - 25% CAPCO PTA - 340 MEUR - 100% Weighted average PHU-MY Fertilizer - 400 MEUR - 100% completion rate AMENAM - KPONO - 170 MUSD - 50%…
  19. Q2 2003 RESULTS – Technip – slide 19
    COST REDUCTION: SIGNIFICANT PROGRESS 1 TRIMMING THE POST MERGER COST STRUCTURE Financial costs 7.7 % of revenues in 1st half 2002 Goodwill amortization 6.3% of revenues in 1st half 2003 Fixed assets depreciation 2 BUILDING THE…
  20. Q2 2003 RESULTS – Technip – slide 20
    CONCLUSION Full Year 2003: Revenues may grow a bit faster than previously anticipated Income from operations (before goodwill amortization) expected to increase by about 10% Technology and weather related risks still remaining…
  21. Q2 2003 RESULTS – Technip – slide 21
    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 21
  22. Q2 2003 RESULTS – Technip – slide 22
    ANNEXES 23
  23. Q2 2003 RESULTS – Technip – slide 23
    QUARTERLY MAIN NUMBERS In million Q2 2003 Q2 2002 % Change Order Intake 2,650 1,210 + 119% Backlog 7,572 5,667 + 33% Revenues 1,063 1,097 - 3% EBITA 52.3 54.2 - 3% Net Income before 13.9 15.3 - 9% Goodwill Net Income after…
  24. Q2 2003 RESULTS – Technip – slide 24
    Q2 2003: OFFSHORE ACTIVITIES 2003 (in million) SURF + Facilities = Offshore activities Order Intake 1,009.2 923.0 1,932.2 Backlog 1,877.4 1,169.7 3,047.1 Revenues 289.8 176.8 466.6 EBITA 19.0 15.7 34.7 25
  25. Q2 2003 RESULTS – Technip – slide 25
    Q2 2003: ONSHORE ACTIVITIES 2003 Onshore and (in million) Downstream + Industries = Onshore activities Order Intake 664.4 53.5 717.9 Backlog 4,210.1 314.5 4,524.6 Revenues 502.4 94.9 597.3 EBITA 17.0 0.6 17.6 26

From the store

Browse maps, data & reports in the Shale Experts store