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Q2 2011 RESULTS – Technip

Technip · Jul 28, 2011 · 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. Q2 2011 RESULTS – Technip – slide 1
    Second Quarter 2011 Results July 28, 2011 1 Second Quarter 2011 Results
  2. Q2 2011 RESULTS – Technip – slide 2
    Contents 1. Second Quarter 2011 Operational Highlights 2. Second Quarter 2011 Financial Highlights 3. Strategy and Outlook 4. Annex 2 Second Quarter 2011 Results
  3. Q2 2011 RESULTS – Technip – slide 3
    1. Second Quarter 2011 Operational Highlights 3 Second Quarter 2011 Results
  4. Q2 2011 RESULTS – Technip – slide 4
    Second Quarter Subsea Operational Highlights Offshore operations completed Block 31 (Angola) Pazflor (Angola) Work in progress Nord Stream pipeline (Baltic Sea) West Delta Deep Marine Phase 8A (Egypt) Hibernia (Canada) Goliat…
  5. Q2 2011 RESULTS – Technip – slide 5
    Second Quarter Onshore/Offshore Operational Highlights Projects handed over P-56 platform (Brazil) Commissioning & start up in progress Block 1 Gas Development (Turkmenistan) Start up progressed on Neste Oil biodiesel plant…
  6. Q2 2011 RESULTS – Technip – slide 6
    2. Second Quarter 2011 Financial Highlights 6 Second Quarter 2011 Results
  7. Q2 2011 RESULTS – Technip – slide 7
    Order Intake & Backlog Highlights million (not audited) Order intake Backlog Subsea order intake 3,630 Vigdis NE (PiP(1), Statoil, Norway) 1,018 773 Hibernia South (EPIC, HMDC(2), Canada) 736 3,299 Sunrise 2000 long-term…
  8. Q2 2011 RESULTS – Technip – slide 8
    Segment Financial Performance million (not audited) Subsea Onshore/Offshore Revenue Revenue 688 660 1,004 797 (4)% +26% 2Q10 2Q11 2Q10 2Q11 Operating Income(1) Operating Income(1) 7.6% 116 16.9% 17.0% 7.1% 112…
  9. Q2 2011 RESULTS – Technip – slide 9
    Group Financial Highlights million (not audited) 2Q 10 2Q 11 Revenue 1,484.5 1,663.9 +12% year-on-year EBITDA (1) 195.9 212.6 EBITDA margin 13.2% 12.8% Operating Income (2) 160.5 175.6 +9.4% year-on-year (2) Operating…
  10. Q2 2011 RESULTS – Technip – slide 10
    Cash Flow and Balance Sheet million (not audited) Robust Net Cash Position 3 months 1,784 Net Cash as of March 31, 2011 1,300.4 1,645 1,332 Cash Generated from / (Used in) Operations 194.7 1,110 Change in Working Capital…
  11. Q2 2011 RESULTS – Technip – slide 11
    3. Strategy and Outlook 11 Second Quarter 2011 Results
  12. Q2 2011 RESULTS – Technip – slide 12
    Activity in the Middle East Projects won recently Projects in construction phase 1 KJO (ex Neutral Zone) 1 Jubail Refinery (KSA) Brownfield Offshore EPC Onshore Expansion of oil processing Grass root refinery facilities…
  13. Q2 2011 RESULTS – Technip – slide 13
    A Decade of Building Know-How in FLNG 2001 2007 2008 2009 2010 2011 2012 onwards Internal Field Development Conceptual Project Execution for Clients Planning Studies 1 FLNG Development with Shell under Generic Prelude…
  14. Q2 2011 RESULTS – Technip – slide 14
    Growing Subsea Backlog around Technology million (not audited) 4,000 Pipe-in-Pipe 3,630 3,477 3,496 3,500 3,053 3,111 Smoothbore 3,000 2,688 2,719 2,500 Integrated Production 2,000 1,860 Bundle (IPB) 1,500 Ultra Deep…
  15. Q2 2011 RESULTS – Technip – slide 15
    Growing Backlog Towards Gas million (not audited) Backlog across segments Backlog market split as of June 30, 2011 9,390 9,228 9,413 Other 8,018 3% Petrochems Deepwater 7,208 1,000 meters Onshore 57% 54% 46% 5% 23% 56%…
  16. Q2 2011 RESULTS – Technip – slide 16
    Business Environment North America North Sea Activity in Canadian oil sands Tendering turning to awards Some opportunities in US High level of activity onshore Europe Gulf of Mexico Onshore very slow Middle East Steady momentum…
  17. Q2 2011 RESULTS – Technip – slide 17
    Backlog Visibility (1) million (not audited) Subsea Offshore Onshore Group 2011 1,313.3 413.8 1,529.9 3,257.0 (6 months) 2012 1,643.7 629.8 2,109.3 4,382.8 2013+ 673.0 439.7 660.2 1,772.9 Total 3,630.0 1,483.3…
  18. Q2 2011 RESULTS – Technip – slide 18
    2011 Full Year Outlook Improved(1) Group revenue around 6,500 - 6,700 million: unchanged Subsea revenue around 2,600 - 2,700 million: unchanged Subsea operating margin(2) between 16.5% and 17.0%: formerly above 15%…
  19. Q2 2011 RESULTS – Technip – slide 19
    Technips Share information ISIN: FR0000131708 Bloomberg: TEC FP Reuters: TECF.PA SEDOL: 4874160 OTC ADR ISIN: US8785462099 ADR: TKPPK 19 Second Quarter 2011 Results
  20. Q2 2011 RESULTS – Technip – slide 20
    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…
  21. Q2 2011 RESULTS – Technip – slide 21
    4. Annex 22 Second Quarter 2011 Results
  22. Q2 2011 RESULTS – Technip – slide 22
    Second Quarter 2011 23 Second Quarter 2011 Results
  23. Q2 2011 RESULTS – Technip – slide 23
    Group Financial Highlight million (not audited) 1H 2010 1H 2011 Revenue 2,802.9 3,100.1 EBITDA (1) 370.4 391.6 EBITDA margin 13.2% 12.6% Operating Income (2) 299.7 320.4 (2) Operating Margin 10.7% 10.3% Non-Current…
  24. Q2 2011 RESULTS – Technip – slide 24
    Group Balance Sheet million (not audited) Dec. 31, Jun. 30, 2010 2011 Fixed Assets 4,146.0 4,253.8 Construction Contracts - Amounts in Assets 378.6 593.8 Other Assets 2,591.7 2,145.5 Cash & Cash Equivalents 3,105.7 2,289.9…
  25. Q2 2011 RESULTS – Technip – slide 25
    Technips Backlog by Geography and Award Date By geography Backlog by award…
  26. Q2 2011 RESULTS – Technip – slide 26
    Onshore and Offshore 2Q 2011 Figures million (not audited) Onshore Offshore Revenue Revenue 229 775 186 611 +27% +24% 2Q10 2Q11 2Q10 2Q11 Operating Income(1) Operating Income(1) 17 7.2% 60 7.8% 7.7% 48 4.9% 9…
  27. Q2 2011 RESULTS – Technip – slide 27
    Technip Today 28 Second Quarter 2011 Results
  28. Q2 2011 RESULTS – Technip – slide 28
    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 &…
  29. Q2 2011 RESULTS – Technip – slide 29
    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…
  30. Q2 2011 RESULTS – Technip – slide 30
    Technips Worldwide Presence Seven Empowered Regions Orkanger Evanton Pori Aberdeen Oslo St. Petersburg Newcastle Stavanger Calgary London The Hague St. Johns Dsseldorf Le Trait Paris Lyon Los Angeles Barcelona Rome Baku…
  31. Q2 2011 RESULTS – Technip – slide 31
    Large Diversified & Balanced Customer Base National Oil Companies International Oil Companies 32 Second Quarter 2011 Results
  32. Q2 2011 RESULTS – Technip – slide 32
    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…
  33. Q2 2011 RESULTS – Technip – slide 33
    High Performing Fleet Rigid and flexible pipelay vessels Deep Blue Apache II Deep Energy Skandi Niteroi Skandi Vitoria Sunrise 2000 6 units Subsea construction vessels (flexlay capability) Deep Pioneer Deep Constructor…
  34. Q2 2011 RESULTS – Technip – slide 34
    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…
  35. Q2 2011 RESULTS – Technip – slide 35
    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…
  36. Q2 2011 RESULTS – Technip – slide 36
    Brazil: Long-Standing Local Presence Technip in Brazil Operations 1977: 20 Engineers Vessels Garoupa field development Skandi Vitoria - Platform design Sunrise 2000 - 1st flexible pipe installed in Brazil Normand Progress - 100…
  37. Q2 2011 RESULTS – Technip – slide 37
    Field Developments in Brazil Buoyancy can FSHR(2), Technip's hybrid system Jumpers 38 Risers Export lines Infield flowlines Flexible riser & jumper Flexible flowline IPB(1) IPB flexible pipe (1) Integrated…
  38. Q2 2011 RESULTS – Technip – slide 38
    Jubilee, an Example of a Seamless Project Execution Le Trait The first offshore field in Ghana Fabrication of the flexible pipes Engineering, Fabrication and Installation projects involving Paris Technips centers in Paris,…
  39. Q2 2011 RESULTS – Technip – slide 39
    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…
  40. Q2 2011 RESULTS – Technip – slide 40
    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…
  41. Q2 2011 RESULTS – Technip – slide 41
    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…
  42. Q2 2011 RESULTS – Technip – slide 42
    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…
  43. Q2 2011 RESULTS – Technip – slide 43
    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…

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