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Q1 2012 RESULTS – Technip

Technip · Apr 26, 2012 · 43 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 2012 RESULTS – Technip – slide 1
    First Quarter 2012 Results Paris, April 26, 2012
  2. Q1 2012 RESULTS – Technip – slide 2
    Contents 1. Growing & Diversified Backlog 2. 1Q 2012 Operational & Financial Highlights 3. Outlook 3
  3. Q1 2012 RESULTS – Technip – slide 3
    1. Growing Diversified Backlog 4
  4. Q1 2012 RESULTS – Technip – slide 4
    Subsea Order Intake & Backlog million Small & medium size contracts across continents Order intake Cheviot field development, UK 1,860 Ichthys flexible pipe, Australia Lucius subsea construction works, US Gulf of Mexico 1,216…
  5. Q1 2012 RESULTS – Technip – slide 5
    Onshore/Offshore Order Intake & Backlog million Order intake Small & medium size contracts across continents KGOC export pipeline, Saudi Arabia & Kuwait 1,449 Dong Hejre platform, Denmark 1,023 Luva Spar FEED, Norway 557…
  6. Q1 2012 RESULTS – Technip – slide 6
    Growing Backlog million Backlog 12,344 10,416 9,228 8,018 7,208 2008 2009 2010 2011 1Q 2012 Onshore/Offshore backlog Subsea backlog 7
  7. Q1 2012 RESULTS – Technip – slide 7
    Diversified Backlog As of March 31, 2012 Backlog by geography Backlog by market split Europe / Russia Petrochems Other Central Asia Deepwater 4% 1% 1,000 meters Americas Refining / 20% 27% Heavy Oil 31% 21% 12,344 12,344…
  8. Q1 2012 RESULTS – Technip – slide 8
    2. 1Q 2012 Operational & Financial Highlights 9
  9. Q1 2012 RESULTS – Technip – slide 9
    First Quarter 2012 Subsea Highlights million Gulf of Mexico Subsea Caesar Tonga, USA Revenue L56-57 S-lay, Mexico 791 594 North Sea Islay electrically trace heated pipe-in-pipe, UK Clipper South, UK 1Q 11 1Q 12 Latin…
  10. Q1 2012 RESULTS – Technip – slide 10
    First Quarter 2012 Onshore/Offshore Highlights million Upstream Onshore/Offshore Asab 3, UAE Revenue Wheatstone platform, Australia Lucius Spar, US Gulf of Mexico 842 974 Gas, LNG & FLNG Petronas FLNG FEED, Malaysia Prelude…
  11. Q1 2012 RESULTS – Technip – slide 11
    Group Financial Highlights million 1Q 11 1Q 12 Revenue 1,436.2 1,765.3 +22.9% year-on-year EBITDA1 179.0 204.7 EBITDA margin 12.5% 11.6% 2 Operating Income 144.8 165.2 +14.1% year-on-year Operating Margin2 10.1% 9.4%…
  12. Q1 2012 RESULTS – Technip – slide 12
    Cash Flow and Statement of Financial Position million 3 Months Capital Expenditure Net Cash Position as of December 31, 2011 720.8 389 357 350-400* Cash Generated from / (Used in) Operations 173.0 Change in Working Capital…
  13. Q1 2012 RESULTS – Technip – slide 13
    2012 Capital Expenditure Program Highlights Manufacturing plants New high-end flexible plant in Brazil New steel tube capacity for umbilical plant in Newcastle, UK Upgrade of umbilical plant in Angola Vessels G1201…
  14. Q1 2012 RESULTS – Technip – slide 14
    3. 2012 Outlook 15
  15. Q1 2012 RESULTS – Technip – slide 15
    Business Environment North Sea North America Positive trend continues in mature fields Low price shale gas drives downstream Offshore platform opportunities investments Step change in size and complexity of projects Europe Gulf of…
  16. Q1 2012 RESULTS – Technip – slide 16
    1 Backlog Visibility million Subsea Onshore / Offshore Group 2012 (9 months) 2,267.2 3,008.0 5,275.2 2013 1,770.3 2,456.0 4,226.3 2014 and beyond 1,627.1 1,215.5 2,842.6 Total 5,664.6 6,679.5 12,344.1 1 Backlog…
  17. Q1 2012 RESULTS – Technip – slide 17
    1 2012 Full Year Outlook Confirmed Group revenue between 7.65 and 8.00 billion Angra logistic base, Brazil Subsea revenue between 3.35 and 3.50 billion, with operating margin2 around 15%3 Islay, UK Onshore/Offshore…
  18. Q1 2012 RESULTS – Technip – slide 18
    Annex 19
  19. Q1 2012 RESULTS – Technip – slide 19
    1Q 2012 Statement of Financial Position million Dec. 31, 2011 Mar. 31, 2012 Fixed Assets 5,317.2 5,298.2 Construction Contracts Amounts in Assets 588.0 425.8 Other Assets 2,718.1 2,721.7 Cash & Cash Equivalents 2,808.7…
  20. Q1 2012 RESULTS – Technip – slide 20
    A World Leader Bringing Innovative Solutions to the Oil & Gas Industry Subsea Onshore/Offshore Worldwide leadership Proven track record with customers & Unique vertical integration business partners Design & Project Management…
  21. Q1 2012 RESULTS – Technip – slide 21
    Two Complementary Business Models Driving Financial Structure and Performance million (audited) Subsea Onshore/Offshore Operating Income1 Operating Margin1 Operating Income1 Operating Margin1 457 498 16.7% 16.8% 274 7.1%…
  22. Q1 2012 RESULTS – Technip – slide 22
    Large Diversified & Balanced Customer Base National Oil Companies International Oil Companies 23
  23. Q1 2012 RESULTS – Technip – slide 23
    A Unique Worldwide Footprint North Sea Canada Orkanger Evanton Oslo Pori Aberdeen Stavanger St. Petersburg Newcastle Warsaw The Hague Calgary St. Johns London Dsseldorf Middle East Gulf of Mexico Le Trait Paris Lyon Asia…
  24. Q1 2012 RESULTS – Technip – slide 24
    High Performing Fleet 34 Vessels of Which 4 Under Construction1 Flexible-Lay & Construction Rigid Reel-Lay & Rigid S-Lay and Heavy Lift J-Lay 9 units 4 units 5 units Skandi Vitoria Skandi Niteroi G1200 G1201 Deep Blue…
  25. Q1 2012 RESULTS – Technip – slide 25
    Spoolbases Mobile, Alabama, USA Orkanger, Norway Evanton, UK Carlyss, Louisiana, USA Dande, Angola 26
  26. Q1 2012 RESULTS – Technip – slide 26
    Flexible Pipe Manufacturing Plants Flexi France Le Trait, France Asiaflex Products Tanjung Langsat, Malaysia Flexibrs Vitria, Brazil Port of Au Au, Brazil) 27
  27. Q1 2012 RESULTS – Technip – slide 27
    Umbilicals Manufacturing Plants Duco Ltd Newcastle, UK Duco Inc Houston, USA Asiaflex Products Tanjung Langsat, Malaysia Angoflex Lobito, Angola 28
  28. Q1 2012 RESULTS – Technip – slide 28
    Infield, Deep-to-shore and Heavy-lift Capabilities Flexible-Lay, Reel-Lay & J-Lay S-Lay Heavy-Lift Inter-fields / Export lines Infield lines 29
  29. Q1 2012 RESULTS – Technip – slide 29
    Developing Proprietary Technologies Subsea Onshore/Offshore Numerous proprietary technologies and Unrivalled high technological assets partnerships with licensors Ethylene Increased Ultra Deepwater Corrosive Fluids Spar…
  30. Q1 2012 RESULTS – Technip – slide 30
    Reeled Heated Pipe-in-Pipe Technips ETH1 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…
  31. Q1 2012 RESULTS – Technip – slide 31
    Africa: Local Partner With Commitment to Long-term Presence Technip in Africa Assets & Activities 700 people Engineering & project management 1st office founded in 1995 centers Cairo Umbilical manufacturing plant: Angoflex,…
  32. Q1 2012 RESULTS – Technip – slide 32
    Asia Pacific: Unique Assets for High Potential Market Assets & Activities Technip in Asia Pacific Engineering & project management centers 4,400 people Flexible/umbilical manufacturing plant: Asiaflex, Founded in 1982 Malaysia,…
  33. Q1 2012 RESULTS – Technip – slide 33
    Middle East: Largest Engineering Capacity in the Region Assets & Activities Technip in Middle East Engineering & project management 1,800 people centers Founded in 1984 Wide range of services: from conceptual and feasibility…
  34. Q1 2012 RESULTS – Technip – slide 34
    North Sea Canada: Leading Technologies for Harsh Environment Assets & Activities Technip in North Sea Engineering & project management centers 3,700 people Spoolbases Orkanger, Norway 1st office founded in 1978 Evanton, UK Steel…
  35. Q1 2012 RESULTS – Technip – slide 35
    North America: Solid Reputation Within the Gulf of Mexico Assets & Activities Engineering & project management centers with North America Subsea, and Onshore/Offshore capabilities 3,200 people Spoolbases Mobile, Alabama Founded in…
  36. Q1 2012 RESULTS – Technip – slide 36
    Latin America: Strong Relationships with Local Players Mexico 380 people Supported by Houston office Venezuela 300 people Over 50 years experience from Engineering to full EPC contracts Sincor refinery, Venezuela Colombia…
  37. Q1 2012 RESULTS – Technip – slide 37
    Brazil: Unmatched 35 years of Local Presence Assets & Activities Technip in Brazil Engineering & project management centers 3,300 People Flexible/umbilical manufacturing plant Founded in 1977 Flexibras: since 1986 Port of Au:…
  38. Q1 2012 RESULTS – Technip – slide 38
    Technip in Brazil: Steady Development to Provide Unmatched Local Content Flexible pipe frame agreement with Petrobras 1st IPB2 in Brazil 2012 1st Brazilian PLSV: Skandi Vitria Roncador Field Development & P-52 Platform 2010…
  39. Q1 2012 RESULTS – Technip – slide 39
    Opportunities all Along the Gas Value Chain Onshore Liquefaction Oil Field Facilities inc. Shale oil Natural Qatar LNG Gas Pipeline Kupe, New Zealand Associated Gas Offshore Coal bed Liquefaction methane Gas Processing Methane…
  40. Q1 2012 RESULTS – Technip – slide 40
    FLNG1, 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. Q1 2012 RESULTS – Technip – slide 41
    Shareholding Structure, November 2011 North America 29.4% Employees 2.0% UK & Ireland 10.3% Treasury Shares 2.1% Others Institutional 4.5% Investors 82.2% Individual shareholders Rest of World 6.6% 17.6% IFP Energies…
  42. Q1 2012 RESULTS – Technip – slide 42
    Technips Share Information ISIN: FR0000131708 Bloomberg: TEC FP Reuters: TECF.PA SEDOL: 4874160 OTC ADR ISIN: US8785462099 ADR: TKPPK Convertible Bonds: OCEANE 2010 ISIN: FR0010962704 OCEANE 2011 ISIN: FR0011163864…
  43. Q1 2012 RESULTS – Technip – slide 43
    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…

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