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Q3 2004 RESULTS – Technip

Technip · Nov 18, 2004 · 26 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. Q3 2004 RESULTS – Technip – slide 1
    NINE-MONTH 2004 RESULTS Nine-Month 2004 Results
  2. Q3 2004 RESULTS – Technip – slide 2
    NINE-MONTH 2004 RESULTS 1. MAIN NUMBERS 2. OFFSHORE ACTIVITIES 3. ONSHORE ACTIVITIES 4. GROUP INCOME STATEMENT 5. CASH FLOW STATEMENT 6. NET DEBT AND GEARING RATIO 7. RETURN ON EQUITY 8. BACKLOG 9. PROSPECT DATA BANK 10. SHAREHOLDER NEWS…
  3. Q3 2004 RESULTS – Technip – slide 3
    MAIN NUMBERS in Millions Income from Net Income Revenues Operations (EBITA) (before Goodwill & Non-Op.) + 12% + 16% + 44% 3,825 196.1 106.7 3,420 169.4 74.1 9M 03 9M 04 9M 03 9M 04 9M 03 9M 04 Order Intake Backlog Gearing…
  4. Q3 2004 RESULTS – Technip – slide 4
    NINE-MONTH 2004 OFFSHORE ACTIVITIES in Millions SURF + Facilities = Offshore Activities Backlog 1,808 -15% 839 -18% 2,647 -16% Revenues 1,073 +14% 779 +20% 1,852 +16% EBITA 107.9 +69% 14.2 nc 122.1 +11% EBITA Margin 10.1%…
  5. Q3 2004 RESULTS – Technip – slide 5
    NINE-MONTH 2004 ONSHORE ACTIVITIES Onshore- in Millions Downstream + Industries = Onshore Activities Backlog 2,909 -29% 261 nc 3,170 -28% Revenues 1,782 +15% 191 nc 1,973 + 8% EBITA 75.4 +40% (1.4) ns 74.0 +24% EBITA Margin…
  6. Q3 2004 RESULTS – Technip – slide 6
    GROUP INCOME STATEMENT in Millions 9M 2004 9M 2003 Change Revenues 3,824.5 3,419.7 11.8% EBITA 196.1 169.4 15.8% EBITA Margin 5.1% 5.0% Financial Charges (36.5) (36.8) -0.8% Non-Operating Items (12.2) (5.8) ns Profit Before Tax 147.4…
  7. Q3 2004 RESULTS – Technip – slide 7
    NINE-MONTH 2004 CASH FLOW STATEMENT in Millions SOURCES USES Operating Cash Flow 172 Capex 50 FETA and Other 3 Dividend 82 Working Capital 16 Capital Increase 24 Share Repurchases 21 Debt 432 Cash 462 Total 631 Total…
  8. Q3 2004 RESULTS – Technip – slide 8
    NET DEBT AND GEARING RATIO in Millions Net Debt 652 -16% 545 -59% 222 In two years: Net debt cut by 66% 9-30-02 9-30-03 9-30-04 Gearing 32.3% 27.8% 12.0% Gearing ratio cut by 20 pts Gearing below 20% remains the 2004…
  9. Q3 2004 RESULTS – Technip – slide 9
    RETURN ON EQUITY in Millions 9M 2004 9M 2003 Net Income 6.4 (16.2) Tax Charges 51.0 58.4 Goodwill Amortization 88.1 84.5 Minority Interests + Exceptional Items 15.0 6.4 Adjusted Pre-tax Earnings 160.5 133.1 Shareholders Equity…
  10. Q3 2004 RESULTS – Technip – slide 10
    BACKLOG in Millions 7,526 6,063 5,817 5,179 Industries Onshore- Downstream Offshore 9-30-01 9-30-02 9-30-03 9-30-04 In months of revenues 13.5 15.6 19.8 13.6 % Offshore 40% 32% 42% 46% Offshore content continued to…
  11. Q3 2004 RESULTS – Technip – slide 11
    PROSPECT DATA BANK in billions Expected Industry Awards in Next 12 Months as at September 30th 15.9 14.4 14.3 12.8 5.0 Petrochemicals 11.7 12.2 4.1 2.3 8.3 Facilities 2.5 Refining 7.6 7.6 4.6 5.2 2.4 Gas 2.0 8.4…
  12. Q3 2004 RESULTS – Technip – slide 12
    SHAREHOLDER NEWS DIVIDEND Under French law, the French dividend tax credit (avoir fiscal) ends Portion of If same in 2005 2005 dividend amount per share paid in 2004 paid in 2005 Company will make an early payment Payment 2.00…
  13. Q3 2004 RESULTS – Technip – slide 13
    2004 TARGETS RECONFIRMED Comp. to 2003 Revenues +9% EBITA +13% Net Income +35% Pre-Goodwill Gearing
  14. Q3 2004 RESULTS – Technip – slide 14
    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 Nine-Month 2004…
  15. Q3 2004 RESULTS – Technip – slide 15
    TRADING TECHNIP ISIN FR0000131708 Nine-Month 2004 Results 15
  16. Q3 2004 RESULTS – Technip – slide 16
    SAFE HARBOR T his presentation contains both historical and forward-looking statements. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements, or statements of future…
  17. Q3 2004 RESULTS – Technip – slide 17
    ANNEX 1 1. BALANCE SHEET 2. US GAAP NET INCOME Nine-Month 2004 Results 17
  18. Q3 2004 RESULTS – Technip – slide 18
    BALANCE SHEET (FRENCH GAAP) Sept 30, Dec. 31, in Millions 2004 2003 1. Cash 1,354 892 2. Other Current Assets 1,671 1,428 3. Work in Progress 6,787 6,442 4. Fixed Assets 3,142 3,246 5. Total Assets 12,954 12,008 6. Premium for…
  19. Q3 2004 RESULTS – Technip – slide 19
    U.S. GAAP NET INCOME in Millions 9M 2004 9M 2003 French GAAP Net Income 6.4 (16.2) Goodwill Amortization 88.1 84.5 Foreign Exchange and Other (5.6) (7.1) U.S. GAAP Net Income 88.9 61.2 Nine-Month 2004 Results 19
  20. Q3 2004 RESULTS – Technip – slide 20
    ANNEX 2: QUARTERLY DATA 1. MAIN NUMBERS 2. OFFSHORE ACTIVITIES 3. ONSHORE ACTIVITIES 4. INCOME STATEMENT 5. CASH FLOW STATEMENT Nine-Month 2004 Results 20
  21. Q3 2004 RESULTS – Technip – slide 21
    MAIN FIGURES in Millions Net Income Order Intake Revenues EBITA (before Goodwill & Non-Op.) -50% +4% +4% +7% 1,484 1,304 1,257 746 75.3 72.7 39.8 37.2 Q3 03 Q3 04 Q3 03 Q3 04 Q3 03 Q3 04 Q3 03 Q3 04 Offshore…
  22. Q3 2004 RESULTS – Technip – slide 22
    Q3 2004 OFFSHORE ACTIVITIES in Millions SURF + Facilities = Offshore Activities Backlog 1,808 -15% 839 -18% 2,647 -16% Revenues 357 - 4% 270 +18% 627 + 4% EBITA 44.4 +27% 6.7 nc 51.1 + 0% EBITA Margin 12.4% 2.5% 8.1% % =…
  23. Q3 2004 RESULTS – Technip – slide 23
    Q3 2004 ONSHORE ACTIVITIES Onshore- in Millions Downstream + Industries = Onshore Activities Backlog 2,909 -29% 261 nc 3,170 -28% Revenues 608 + 8% 69 nc 677 + 3% EBITA 26.1 +35% (1.9) ns 24.2 +12% EBITA Margin 4.3% -2.8%…
  24. Q3 2004 RESULTS – Technip – slide 24
    QUARTERLY INCOME STATEMENT in Millions Q3 2004 Q3 2003 Change Revenues 1,303.5 1,256.5 3.7% EBITA 75.3 72.7 3.6% EBITA Margin 5.8% 5.8% Financial Charges (16.1) (14.3) 12.6% Non-Operating Items (5.1) (5.6) -8.9% Profit Before Tax 54.1…
  25. Q3 2004 RESULTS – Technip – slide 25
    Q3 2004 CASH FLOW STATEMENT in Millions SOURCES USES Operating Cash Flow 69 Capex 25 FETA and Other 1 Working Capital 83 Cash 69 Debt 30 Total 138 Total 138 Nine-Month 2004 Results 25
  26. Q3 2004 RESULTS – Technip – slide 26
    TECHNIP SHARE PERFORMANCE At September 30, 2004 +52% +51% +29% +2% +2% Dow Jones CAC 40 SBF120 -4% OSX PARIS NEW YORK Technip has outperformed the financial markets since Jan. 1st 2004 Nine-Month 2004 Results 26

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