Technip & Refining: Taking Our Track Record Further Marie-Christine Charrier, Vice President Refining Product Line UBS European Mid-Cap Oil Conference, March 21, 2013
A World Leader Bringing Innovative Solutions to the Energy Industry A world leader in project management, engineering and construction for oil & gas, chemicals and energy companies Revenues driven by services provided to clients…
Diversified Backlog Across Regions and Markets As of December 31, 2012 Backlog by geography Backlog by market split Subsea & Offshore Other Deepwater Europe / Russia Petrochems 1,000 meters Central Asia 2% Americas 12% 18%…
Diversified Backlog by Contract Size and Type Subsea Onshore & Offshore 6.0 billion backlog 8.2 billion backlog Largest projects: Quad 204, Byla, Largest projects: Prelude FLNG, Mariscal Sucre Ethylene XXI Over 10 projects in 100…
36,500 People Throughout the World1, Growing Close to Clients 4,900 +58% 8,400 +22% 3,900 2,300 +95% 3,550 +53% +97% 8,500 +102% Fleet & others 750 4,200 +50% +62% 109 Nationalities across 48 countries Dec.…
Very Broad Execution Capabilities in Subsea Heavy Lift J-Lay & S-Lay Reel-Lay J-Lay & Subsea Reel-Lay Heavy Lift Ultra-deep water infield lines Deepwater infield lines Deep-to-shore (Very high tensions: alliance with…
Onshore/Offshore Strong Positioning Onshore Downstream Unique Position Expertise in Full Range of Offshore Facilities Petrochemical & Floating LNG Ethylene Refining Spar LNG & GTL Fixed platform Fertilizer FPSO…
Integrated Business Model for Onshore/Offshore: Target Contracts from Project Early Stages Conceptual & FEED EPC Licensing Key contracts won from Conceptual or FEED in 2012 Ethylene XXI, Mexico Upper Zakum EPC 1, Middle…
Technip Onshore Worldwide Footprint St. Petersburg Milton Keynes The Hague Calgary Dsseldorf Paris Lyon Boston Rome Los Angeles Barcelona Athens Houston Shanghai New Delhi Monterrey Doha Mexico City Abu Dhabi Mumbai Chennai…
2. Refining Market
At the Heart of Onshore Pipeline Technologies C1 GAS DISTRIBUTION GRID Natural GAS C1 LNG Gas PROCESSING LNG Carrier Regasification NATURAL GAS FIELD C1 FACILITIES GTL Condensate C1 Natural H2 Gas HYDROGEN…
Refining is at the Heart of the Downstream Oil Industry Highly distributed industry: 655 refineries in 2012 120 countries from Albania to Zambia 260 different operators Provides fuels to the transportation industry worldwide…
A Puzzle of Several Technologies Integrated into a Single Complex Amine SRU Sulphur NG/RFG H2 LPG Hydrogen Fuel Gas NAPHTHA Plant H2 C3 H2 C4 Naphtha RON 70 Isom. LPG HDT RON 90 Naphtha +DIP H2 IBP-145 CCR RON 45 + Splitter U…
Geographical Trends for Refining Capacity Investment Refining capacity across regions, in million bpsd* for 1985, 2010, 2035 29 25 25 23 21 19 12 44 8 5 1985 2010 2035 1985 2010 2035 28 1985 2010 2035 3 3 4 1985…
Long Term Visibility Across Types of Work Purification & quality improvement Plant upgrades to meet environmental regulation Estimated Capital Spending in Refining and more stringent fuel specifications In US billion 200 Medium…
3. Technip Unique Advantage in Refining
Refining: Technip is a Leader in Challenging Green and Brown Field Projects Technip backlog by activity 6% 7% 7% 5% 7% 12% Petrochemicals 18% 18% 22% Refining / 14% Extra Heavy Oil 38% 35% 12% Gas / LNG / FLNG 17% 15% 31%…
Strongly Positioned all Along the Value Chain to Build Solutions for our Clients Traditionally, 3 main actors are involved in refining business: 1. Well established technology providers with licensing business 2. Conceptual and…
New Licensing Business in Refining with Cutting Edge Technologies Technip Stone & Webster Process Technology (Resid) Fluid Catalytic Steam Reformer Deep Catalytic Cracking BenzOUT Cracking: RFCC/FCC (Hydrogen) Key conversion…
Expertise to Optimize Capex & Opex at the Conceptual Phase Strong skills in process modeling and optimized design Technical and economical analysis to optimize plant overall configuration Conception of optimized transformation…
Key Differentiators in the Detail & Execution Phase Strong national content Operating centers spread around the world with a presence in 48 countries High-skilled engineers close to customer and projects Innovative partnerships…
Key Takeaways Positive market outlook with broad range of opportunities in terms of project types and geography Technip uniquely positioned: Cutting edge solutions Expertise from conceptual to start-up, building solutions for…
4. Annex
Diversified & Balanced Customer Base National Oil Companies International Oil Companies 27
Two Complementary Business Models Driving Financial Structure and Performance million Subsea Onshore/Offshore Operating Operating Operating Operating Backlog Backlog Income1 Margin1 Income1 Margin1 8,201 6,050 603 498…
2012: Year of Growth Financials Achievements Revenue increased by 20%, to 8.2 billion Portfolio diversification maintained Operating margin(1) at 10% for the 4th year Technology and expertise driving order intake Net income…
Fourth Quarter Subsea Highlights million Offshore main operations completed Revenue Vigdis NE field development, Norway 1,200 Jubilee 1A, Ghana 964 Main ongoing projects Boyla field development, Norway Goliat, Barents Sea…
Fourth Quarter Onshore/Offshore Highlights million Upstream Asab 3, UAE Revenue Ichthys FPSO, Australia 1,050 1,100 Lucius Spar, Gulf of Mexico Hejre platform, Denmark Gas, LNG & FLNG 4Q 11 4Q 12 PMP, Qatar Prelude FLNG,…
Consolidated Statement of Financial Position million (audited) Dec. 31, Dec. 31, 20111 2012 Fixed Assets 5,662.0 6,022.2 Construction Contracts Amounts in Assets 588.0 454.3 Other Assets 2,711.8 2,815.2 Cash & Cash…
Net Cash Position 3 Months million 2012 Capital Expenditures: 519 m Net Cash Position as of 183.5 4% September 30, 2012 3% Others Cash Generated from / (Used in) Onshore/ 226.1 Operations Offshore 33% Change in Working…
Steady Dividend Increase Dividend per share () 2008 - 2012 (1) CAGR: +9% 1.68 1.58 1.45 1.35 1.20 2008 2009 2010 2011 2012 (1) Recommendation of Technips Board of Directors to be approved during the Annual General…
(1) 2013 Full Year Outlook Group revenue growing 11% to 16% to between 9.1 and 9.5 billion Subsea revenue growing to between 4.3 and 4.6 billion, with operating margin(2) around 15% Onshore/Offshore revenue growing to…
Backlog Visibility(1) million Subsea Onshore/Offshore Group 2013 3,242 3,842 7,084 2014 1,682 2,820 4,502 2015+ 1,126 1,539 2,665 Total 6,050 8,201 14,251 (1) Backlog estimated scheduling as of December 31,…
Key Factors Influencing 2013 Subsea Margins A Busy, Growing Subsea Market Worldwide Subsea Backlog Growth Subsea Backlog Growth Towards Asia Pacific billion CAGR: +39% Asia Pacific 5% 16% 6.0 Africa 28% 10% 4.4 39% 3.1…
Investment in Key Subsea Assets Plants 5 2007 New long-term charters 7, incl. 1 under construction North Sea Giant Vessels 18 2007 Newbuild vessel in Norway, delivery in 2014 33, incl. 5 under construction As of…
Subsea Vertical Integration: Customer Support from Concept to Execution Concept Execution Project Engineering & Procurement P R Upstream O Engineering Manufacturing J With Genesis1 E Flexible risers Rigid Pipeline Umbilicals C…
Integrated Service Offering Across Segments Wheatstone, Australia Ichthys, Australia Malikai, Malaysia Lucius, Gulf of Mexico FPSO & FPU detailed Tension Leg Platform Platform FEED Lucius Spar hull EPC engineering EPC Platform…
Delivering Best-for-Project Solutions Through Genesis Genesis: A wholly owned subsidiary of Technip Provide independent, early phase engineering support to concept selection Fixed and floating platform configuration and selection…
Our New Pipelay Vessels: Deep Orient & Deep Energy Deep Orient Deep Energy 45
High Performing Fleet of 33 Vessels1 Flexible-Lay & Construction Rigid Reel-Lay & Rigid S-Lay and Heavy Lift J-Lay 11 units 4 units 5 units Skandi Vitoria Skandi Niteroi G1200 G1201 Deep Blue Deep Sunrise Constructor 2000…
Flexible Pipe Manufacturing Plants Flexi France Le Trait, France Asiaflex Products Tanjung Langsat, Malaysia Flexibrs Vitria, Brazil Port of Au Au, Brazil 47
Offshore Manufacturing & Logistic Bases Mobile, Alabama, USA Orkanger, Norway Evanton, UK Port of Angra, Brazil Dande, Angola Carlyss, Louisiana, USA 48
Umbilicals Manufacturing Plants Duco Ltd Newcastle, UK Duco Inc Houston, USA Asiaflex Products Tanjung Langsat, Malaysia Angoflex Lobito, Angola 49
Differentiating Assets Pori and MHB yards Lucius, Anadarko: under fabrication Heidelberg, Anadarko: early works Big Dog, BP: design phase, through 10-year frame agreement Malikai Tension Leg Platform, Shell: awarded in 4Q 2012…
Providing Innovative Solutions for Offshore & Subsea Developments Carbon Fiber Armor Integrated Production Electrically Trace Floating LNG Spars Flexible Pipe Bundle Heated Pipe-in-pipe Breakthrough: Solution for harsh…
Differentiating Technologies: 2012 Industry and Technip Firsts Subsea Onshore & Offshore Islay electrically traced heated pipe-in-pipe Petronas FLNG 1 World 1st ETH-PIP installed in the North Sea, Contract award to design the 1st…
FLNG1, an Innovative Solution for our Customers Floating LNG moving from concept to reality 2 facilities under construction after FEED completion Several conceptual studies for various clients Shell FLNG Petronas FLNG Petrobras…
Acquisition of Stone & Webster Process Technologies Acquisition completed on August 31, 2012 Cash consideration of 225 million Perimeter excludes Toronto and Baton Rouge sites and all legacy EPC contracts retained by Shaw Cost…
Technology Strength Diversifies Our Revenue Process Technologies Licenses Process Design / Engineering Proprietary Equipment Licensed proprietary technologies Process design packages / Design, supply and installation of chosen…
Stone & Webster Process Technologies: Enhanced Portfolio of Downstream Technologies Business Domains Technologies and Skills Cryogenic separation LNG Cooperation with Air Products and Chemicals, Inc. (APCI) GTL Exclusive…
Worldwide Organization Dedicated to Downstream Technologies Milton Keynes Cambridge Zoetermeer Beijing Claremont Paris Rome Houston Abu Dhabi Mumbai Kuala Lumpur / Singapore Operating centers Associated operating centers…
Technip Stone & Webster Process Technology Leading Position in Growing Markets Strong Track Record Recent Key Projects 35% installed capacities with 120 references CP Chem cracker, USA S&W Ethylene 25% of licensing over the past…
A Unique Worldwide Footprint Orkanger Evanton Oslo Pori Aberdeen Stavanger St. Petersburg St. Johns Newcastle Milton Keynes Warsaw London The Hague Calgary Cambridge Le Trait Dsseldorf Paris Lyon Rome Los Angeles Weymouth…
Africa: Local Partner With Commitment to Long-term Presence Technip in Africa Assets & Activities 750 people Engineering & project management 1st office founded in 1995 centers Cairo Umbilical manufacturing plant: Angoflex,…
Asia Pacific: Dedicated Assets for High Potential Market Assets & Activities Technip in Asia Pacific Engineering & project management centers 8,500 people Flexible/umbilical manufacturing plant: Asiaflex, Founded in 1982 Malaysia,…
Middle East: Largest Engineering Capacity in the Region Assets & Activities Technip in Middle East Engineering & project management 2,300 people centers Founded in 1984 Wide range of services: from conceptual and feasibility…
North America: Solid Reputation With Enhanced Portfolio of Downstream Technologies Assets & Activities Engineering & project management centers with North America Subsea, and Onshore/Offshore capabilities 3,900 people Spoolbases…
North Sea Canada: Market Leadership in a Growing Market Assets & Activities Technip in North Sea Engineering & project management centers 4,900 people Spoolbases Orkanger, Norway 1st office founded in 1978 Evanton, UK Steel…
Brazil: 35 years of Local Presence Assets & Activities Technip in Brazil Engineering & project management centers 3,700 People Flexible/umbilical manufacturing plants Founded in 1977 Flexibras: since 1986 Port of Au: High-end…
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…
Shareholding Structure, November 2012 North America 31.7% Employees 2.6% Treasury Shares 2.0% UK & Ireland 11.7% Others Institutional 4.7% Investors 83.1% Individual Shareholders 5.1% Rest of World IFP Energies Nouvelles…
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