Third Quarter 2015 Results Paris, October 29, 2015
Third Quarter 2015 Key Elements Quarter highlights Results Progress on project execution and Adjusted Revenue of 3.1 billion restructuring plan across both segments +14.7% in Subsea Subsea growth initiatives +5.8% in…
3Q 2015 Financial Performance & Progress on Restructuring 4 Third Quarter 2015 Results
3Q 2015 Subsea Operational Highlights million Overall group vessel utilization rate Adjusted Revenue 89% in 3Q15, compared with 86% for 3Q14 1,547 1,348 1,232 Offshore campaigns Moho Nord and Block 15/06, West Africa +14.7%…
3Q15 Onshore/Offshore Project Highlights million Burgas refinery, Bulgaria: H-Oil project Adjusted Revenue handed over to client 1,562 1,476 Heera Redevelopment (HRD) process platform project, India: neared completion +5.8%…
Third Quarter 2015 Financial Highlights Y-o-Y Main elements: million 3Q 14 3Q 15 Change Foreign exchange impact Adjusted Revenue 2,825 3,109 10.1% year-on-year + 183 million on Adjusted EBITDA(1) 305 372 21.9% revenue + 25 million…
Third Quarter 2015: Cash Flow Main elements: million Third Quarter Adjusted Cash(1) as of June 30, 2015 3,976 Adjusted Cash Generated 288 from / (Used in) Operating Activities Net construction contracts Change in Working…
Progress on Restructuring Plan 2015 Technip Workforce Worldwide Restructuring Plan Highlights 40,000 One-off charge of 14 million in the quarter 585 million taken in total so far, out of 650 million announced 38,000 Exit of some…
Continued Capex and Cost Discipline Capex Costs (1) Net capex reduction on track SG&A reduced by nearly 20 million year-on-year 521 424 479 461 258 213 Net capex SG&A(1) 9 months: 9 months: 2013 2014 2015 2013 2014…
2015 Objectives: Operating Profit Confirmed, Revenue Increased Subsea Adjusted revenue over 5.5 billion Adjusted operating income from recurring activities(1) at around 840 million Onshore / Offshore Adjusted revenue over 6…
Technip in the Current Market Environment 12 Third Quarter 2015 Results
Yamal LNG Project: 2015 Progress Penglai, China Yamal, Russia Load out and sail away of the first site pre- 8 modules offloaded and being installed assembled pipe rack in July 2015 Erection of the first site pre-assembled pipe rack…
Accompany Clients Throughout the Project Lifecycle: Sasol, Lake Charles Source: Sasol Project Overview Client: Sasol Joint venture between Technip (50%) and Fluor (50%) World-scale ethane cracker and derivatives complex to be…
Clear Leadership for the Brazilian Pre-Salt Market 2010-2011 2012-2015 2015 and beyond Group commitment to Strong backlog built Additional R&D to overcome R&D taking pre-salt throughout the period pre-salt technical challenges…
Technip / FMC Technologies Alliance: First Two Front-end Awards Improving equipment and installation converge in subsea architecture Two integrated early studies awarded to Forsys Subsea, with different characteristics showing…
Market Environment What we have seen What we expect Clients Additional capex budget cuts New projects delayed Increased pressure on supply chain Capex/opex discipline, strong focus on cash flow Strategic projects prioritized…
Technip Strengths in a Challenging Environment Early involvement and Global business Technip Priorities fully integrated with worldwide approach footprint Executing projects with discipline and improved efficiency Technology,…
Annex
Technip: 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 Services provided to clients in segments:…
Global Business with Unique Worldwide Footprint Evanton Technip Umbilicals(1) Ltd: Newcastle Orkanger Pori Stavanger St. Petersburg Aberdeen Oslo Zoetermeer Dsseldorf Moscow Calgary Milton Keynes St. Johns London Warsaw…
Complementary Business Segments Subsea Onshore/Offshore Ultra-deep water Deepwater infield Deep-to-shore infield lines lines 2014 2014 Adjusted Revenue: 4,880 million Adjusted Revenue: 5,844 million Adjusted Operating…
Worldwide Presence across Multiple Markets Addressing all Clients Backlog of 17.5 billion diversified by geography and by market split Americas 23% Deepwater 1,000 meters* 32% Asia Pacific 11% Middle East 5% Shallow Water*…
Pursue a Balance of Contract Sizes(1) Subsea Onshore & Offshore 8.4 billion backlog 9.0 billion backlog Largest projects: Largest projects: Kaombo, Angola Yamal LNG, Russia Moho Nord, Congo Umm Lulu offshore facilities, UAE…
Adjusted Consolidated Statement of Financial Position million June 30, September 30, 2015 2015 Fixed Assets 6,617.2 6,442.0 Construction Contracts Amounts in Assets 952.5 973.1 Other Assets 4,350.8 3,940.7 Cash & Cash…
Accelerated Restructuring plan : Savings 2014 Cost base Fixed costs: Variable costs: depending on total 4.3 billion project revenues Employee costs 2.3 billion 30% Others including Project costs Contracted 53% Subcontractor:…
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…
Broader Integrated Solutions from the Conceptual Stage Providing independent architecture Improving equipment and installation development and component selection Proprietary Technologies converge in subsea architecture…
Differentiation Through Genesis Provides independent decision support from pre-feasibility, through feasibility, concept selection and pre-FEED Dedicated engineers and designers delivering fit-for-purpose solutions for more than 25…
Strategy in Practice: Browse FLNG Award Overview Client: Woodside and Shell Consortium with Samsung Heavy Industries Location: Development of 3 fields: Brecknock, Calliance & Torosa, located 425 kilometers North of Broome, Western…
Forsys Subsea: Unique Scope of Alliance Covering Complete Solution from Seabed to Surface Installation Procurement Engineering Topside Early Life-of-field involvement Installation Supply SURF(1) Monitoring and Seabed to…
Innovation & Technology Center (ITC): our R&D Focus Sustain R&D efforts on all of our product lines Open innovation and increased technology collaboration with our clients Pursue our leading competitive edge with differentiating…
Technology Investment: Creates Sustainable Leadership Group R&D Investments Examples of Subsea Technologies Electrically Trace million Heated Pipe-in-Pipe 90 75 Al Cable Power Umbilical 60 45 Examples of Process…
High Performing Fleet(1) Per Type of Vessel (2) Deep Orient Deep Pioneer Skandi Arctic North Sea Atlantic Flexible Lay Wellservicer Diving Multi & North Sea Giant Support Orelia Construction Coral Do Atlantico Vessel Skandi…
Technips Differentiation through its Fleet Strategy Broad capabilities from deep to shore Flexible-Lay & Construction, S-lay, J-Lay, Rigid Reel-Lay, Diving Support Deep Energy Deep Blue Fleet flexibility through mix of contract…
World Leader in Gas Monetization, Refining and Petrochemicals Gas Monetization Gas treatment Fengzhen LNG Plant, EP, China LNG Yamal LNG, EPC, Russia (Liquefied Natural Gas) Browse FLNG, FEED, Australia GTL (Gas-to-Liquids)…
Technip has a Portfolio of Market Leading Process Technologies Product Line Technologies Ethylene Proprietary Technologies for Steam Cracking and Olefin Purification Proprietary technologies Best-in-class alliance Hydrogen Steam…
Technip Stone & Webster Process Technology Diversifies Revenue Streams Offering three types of services Licenses Process Design / Engineering Proprietary Equipment Licensed proprietary Process design packages / Design, supply…
Technips Differentiators in LNG Yemen LNG Diversity in scale, LNG technology and location Prelude FLNG* Leading in innovation rich areas: Shell Prelude FLNG, Petronas FLNG 1, Browse FLNG (FEED) Mid-scale LNG Hanas LNG…
Yamal LNG Project Overview Project Overview Client: Yamal LNG (Novatek, Total, CNPC, Silk Road Fund) Technip leader of partnership (50%) with JGC & Chiyoda 3 trains of 5.5 mtpa capacity each 200 modules weighing 450,000 tons in…
Technip Offshore A Complete Range of Products, Technologies & Services Conventional Self-Elevating Floatover HUC GBS Artificial Islands Fixed Platforms (TPG 500) Installation Modifications Fixed Facilities Services FPSO…
FLNG Leader with First Mover Advantage Shell Prelude FLNG Petronas FLNG 1 LNG capacity: 3.6 mtpa LNG capacity: 1.2 mtpa Field: Prelude, Western Australia Field: Offshore Malaysia Project status: Project status: Construction…
Technip: Long Term Partner(1) Air Products 20-year milestone of the longest and most Heerema productive global hydrogen alliance Alliance through combination of unique supporting the oil and gas industry assets and engineering resources…
Africa: Expanding Footprint and Long Term Prospects Assets & Activities Technip in Africa Engineering & project management 1st office founded in 1995 centers Strong national content Spoolbase: Dande, Angola Ultra-deep water…
Asia Pacific: Global Implementation for High Potential Market Assets & Activities Technip in Asia Pacific Engineering & project management Founded in 1982 centers Successful partnerships and Flexible/umbilical manufacturing plant:…
Middle East: Largest Engineering Capacity in the Region Assets & Activities Technip in Middle East Engineering & project management Founded in 1984 centers Wide range of services: from conceptual and feasibility studies to…
North America: Solid Reputation With Enhanced Portfolio of Downstream Technologies Assets & Activities Technip in North America(1) Engineering & project management centers with Founded in 1971 Subsea, and Onshore/Offshore…
North Sea Canada: Strong Presence Assets & Activities Technip in North Sea Engineering & project management centers 1st office founded in 1978 Spoolbases Orkanger, Norway Evanton, Scotland Steel tube/thermoplastic umbilical plant…
Brazil: Building a Solid & Profitable Subsea Business Technip in Brazil 40 years Differentiating Assets & Activities Founded in 1977 Wide range of assets: Exceeds national content requirements High-end manufacturing plants: Vitria…
Shareholding Structure, May 2015 (Nov 2014) North America Treasury Shares 37.0% / (37.6%) 1.0% / (1.2%) Others 4.4% / (5.8%) IFP Energies Nouvelles 2.4% / (2.5%) Employees 1.7% / (1.8%) BPI 5.2% / (5.2%) Rest of World…
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