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Q1 2003 RESULTS – Technip

Technip · Jun 3, 2003 · 22 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 2003 RESULTS – Technip – slide 1
    1 FIRST QUARTER 2003 RESULTS May 2003 Euronext 13170
  2. Q1 2003 RESULTS – Technip – slide 2
    2 I. RESULTS II. MARKETS III. OUTLOOK
  3. Q1 2003 RESULTS – Technip – slide 3
    3 I. RESULTS 1. MAIN NUMBERS 2. REVENUES & MARGINS 3. NET DEBT & GEARING 4. ACTION PLAN 5. ORDER INTAKE & BACKLOG 6. MAIN NEW CONTRACTS
  4. Q1 2003 RESULTS – Technip – slide 4
    MAIN NUMBERS ( million) 4 Revenues Income from Operations* Net Income (pre-Goodwill) +2% +32% +46% 44.4 22.8 1,076 1,099 33.7 15.6 Q1 02 Q1 03 Q1 02 Q1 03 Q1 02 Q1 03 Gearing Order Intake Backlog 47% 6,091 1,703 1,528…
  5. Q1 2003 RESULTS – Technip – slide 5
    REVENUES & MARGINS: 5 OFFSHORE ONSHORE INDUSTRIES GROUP DOWNSTREAM 1,099 1,076 524 502 486 480 88 95 REVENUES M Q1 02 Q1 03 Q1 02 Q1 03 Q1 02 Q1 03 Q1 02 Q1 03 4.0 4.6 4.7 3.1 3.7 2.9 2.0 EBITA 0.9 MARGINS % Q1…
  6. Q1 2003 RESULTS – Technip – slide 6
    NET DEBT & GEARING 6 SIGNIFICANTLY IMPROVED OVER LAST 12 MONTHS 1 500 1 036 1 000 921 652 Net Debt 506 506 (M) 500 46.9% 44.2% 32.3% 25.0% 25.2% Gearing 0 Q1 02 Q2 02 Q3 02 Q4 02 Q1 03
  7. Q1 2003 RESULTS – Technip – slide 7
    2003-2005 ACTION PLAN UPDATE 7 ACTION PLAN STATUS Relocation of Paris staff to a May-July 2003 single leased location Disposal of non-strategic assets 100m already done for 130m to 140m Savings & cost synergies: Ongoing…
  8. Q1 2003 RESULTS – Technip – slide 8
    ORDER INTAKE & BACKLOG 8 ORDER INTAKE IN M BACKLOG IN M (Period end) 2 000 7 000 1 703 6 062 6 091 5 667 5 776 6 000 5 555 1 529 1 528 1 500 5 000 1 209 1 115 4 000 1 000 3 000 2 000 500 1 000 0 0 Q1 02 Q2 02 Q3 02…
  9. Q1 2003 RESULTS – Technip – slide 9
    MAIN NEW CONTRACTS 9 MAIN CONTRACTS AWARDED TO-DATE BUT NOT REGISTERED IN THE BACKLOG AT THE END OF MARCH 2003: Group Share Dalia (Angola, 1,220m): SURF + FPSO in deep water 780 NEB (Abu Dhabi, 566m): onshore/offshore…
  10. Q1 2003 RESULTS – Technip – slide 10
    10 II. MARKETS 1. OUR MARKETS 2. OFFSHORE MARKETS 3. ONSHORE MARKETS 4. MARKET CHALLENGES
  11. Q1 2003 RESULTS – Technip – slide 11
    OUR MARKETS in billions 11 Markets Targeted by Technip-Coflexip 11 10 25 26 Offshore Developments Gas, Refining, Petrochemicals 36 36 + Other markets (non-oil): chemical, pharmaceutical, power, etc
  12. Q1 2003 RESULTS – Technip – slide 12
    OFFSHORE MARKETS in billions 12 Targeted Market Subsea 11 billion p.a. SURF 2.7 Deep Floaters 5.4 Water Expected Growth Recent Integrated 17.5 Fixed 2.7 Trends to 2005: Achievements Shallow Water SURF Dalia Surf…
  13. Q1 2003 RESULTS – Technip – slide 13
    MAIN ONSHORE MARKETS in billions 13 Targeted Market 10 billion p.a. 1 3.0 Gas 4.8 Refining Expected Growth Recent 12.2 Trends to 2005: Achievements GTL Qatar Gas / onsh. NEB 12.8 2.2 Petrochem. Refining Anvers TOTAL…
  14. Q1 2003 RESULTS – Technip – slide 14
    MARKET CHALLENGES 14 A. REGIONAL UNCERTAINTIES: B. COMPETITION Middle East (43% of the Groups Western Players: backlog at 3-31-03) Losses suffered in 2002 by some players War in Iraq: have created financial pressure which Had…
  15. Q1 2003 RESULTS – Technip – slide 15
    MARKET CHALLENGES 15 B. CURRENCY FLUCTUATIONS: can create Technip-Coflexip answers Forex gains/losses All forex positions fully hedged impact on bottom line (Brazilian exposure closed since 01.01.03) Translation impact on 5%…
  16. Q1 2003 RESULTS – Technip – slide 16
    16 III. OUTLOOK
  17. Q1 2003 RESULTS – Technip – slide 17
    OUTLOOK 17 IN SPITE OF A CHALLENGING ENVIRONMENT, OUR STRATEGIC VISION IS TAKING SHAPE IN 2003: Access to large integrated deepwater projects: Dalia Expansion in gas international developments: GTL Qatar Major Contracts in…
  18. Q1 2003 RESULTS – Technip – slide 18
    FOCUS ON DALIA 18 FPSO Contract: Technip-Coflexip leader in a WEST JV (with Saipem and Stolt) which is member AFRICA of a consortium with Daewoo and Samsung SURF contract (Technip-Coflexip 100%): Largest SURF contract ever…
  19. Q1 2003 RESULTS – Technip – slide 19
    FOCUS ON DALIA 19 FPSO: 225,000 BPD Crude Oil 2,000,000 B of storage capacity Length: 300 meters Width: 63 meters Contract Value 640m (excluding hull) Technip-Coflexip share 200m SURF: 90 km Rigid lines 70 km Steel…
  20. Q1 2003 RESULTS – Technip – slide 20
    FOCUS ON DALIA 20 TECHNOLOGICAL INNOVATION : The integrated production bundle (first industrial application) SZ Thermal Insulation Electrical Heat Tracing Conventional central pipe 12 NB 1 Gas Lift steel tubes…
  21. Q1 2003 RESULTS – Technip – slide 21
    MERGER OF TECHNIP-COFLEXIP & COFLEXIP 21 Exchange Ratio: 9 T-C shares for 8 Coflexip shares Unchanged from 2001 public offering Fairness Opinion provided by BNP Paribas to the board of Directors of Coflexip 330,332 new T-C…
  22. Q1 2003 RESULTS – Technip – slide 22
    22 For more information, please contact: INVESTOR RELATIONS G. Christopher Welton Tel. +33 (0) 1 55 91 88 27 e-mail: cweltontechnip-coflexip.com David-Alexandre Guez Tel. +33 (0) 1 47 78 27 85 e-mail: dagueztechnip-coflexip.com

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