Building Solutions for the Energy Industry Barclays conference, New York September 3 - 4, 2014
Contents Technip Today Onshore Focus: Technip Stone & Webster Process Technology 2014 & 2015 Outlook Annex 3
Technip Today 4
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 Services provided to clients in its segments:…
Complementary Business Segments Subsea Onshore Offshore Unique vertical integration Proven track record with customers & partners R&D Engineering, procurement and construction Design & Project Management Project execution…
Technips Strengths Driving Backlog Growth Ethylene and hydrogen To Deliver Sustainable & Specialized refining and Profitable Growth petrochemical technologies Technology Strong track record in major projects execution Pioneers…
and Make Technip an Attractive Long Term Partner Long Term Partnerships & Alliances Shell ExxonMobil BP PTA Sasol GTL FEED COOEC Huanqiu Heerema Ongoing EPC projects Conceptual & Licensing / FEEDs won where Technip had…
A Unique Worldwide Footprint 9
North America: Solid Reputation With Enhanced Portfolio of Downstream Technologies Assets & Activities Lucius Spar, US Gulf of Mexico Engineering & project management centers with North America Subsea, and Onshore/Offshore…
Onshore Focus: Technip Stone & Webster Process Technology 11
Technip Stone & Webster Process Technology: a World-class Downstream Technology Leader Technip Stone & Webster Process Technology is differentiated by its portfolio of technologies which are wholly and jointly owned, or offered…
1,400 Employees in Seven Locations Around the World Milton Keynes, United Kingdom Claremont Zoetermeer, Netherlands Paris, Rome, Boston/Weymouth France Italy Houston Operating center Dedicated team 13
World Leader in Gas Monetization, Refining and Petrochemicals Gas Monetization Refining Petrochemicals Gas treatment Hydrogen Ethylene LNG (Liquefied Clean fuels Polyolefins Natural Gas) Heavy oil upgraders Aromatics GTL (Gas to…
Technip offers a portfolio of market leading Onshore technologies Product Line Technologies Gas Monetization Cryogenic Separation, Gas Liquefaction, Gas Processing Proprietary Hydrogen technologies Steam Methane Reforming,…
Process Technology Diversifies Revenue Streams Process Technologies Licenses Process Design / Engineering Proprietary Equipment Licensed proprietary technologies Process design packages / Design, supply and installation of…
World Leading Market Positions Ethylene Leader as technology provider and for cracking furnaces Hydrogen Global Market Leader in Alliance with Air Products Strong market share and 260 plants worldwide Gas to Liquids (GTL): 30…
Early Involvement Delivering Fit-for-Purpose Solutions for Customers Early Engagement Technip E&C Activities PROCESS TECHNICAL DEVELOP LICENSE CONCEPTUAL FEED EPC START-UP DESIGN ASSISTANCE Early collaborative approach…
U.S. Shale Gas Opportunities Downstream Monetization Technip Has Leading Positions NGLs Ethylene Plants Grassroots Upstream Midstream Revamps Extraction Separation Derivative Units Propylene Drilling Polymers Gas Treatment /…
Top Priority: Deliver a Sustainable and Profitable Growth Enlarge the portfolio of proprietary and Sharq, KSA, Ethylene alliance technology Focus on the revamp markets Ripple Tray Further improve, research and develop…
2014 & 2015 Outlook 21
Record Backlog Provides Increased Visibility Subsea 2016 3.2 billion end 2009(1) 2Q 2014 24% 34% 41% 5% 71% 25% 3.0 billion N N +1 N+2 & beyond 9.5 billion 2016 Onshore & Offshore 4.0 billion end 2009(1) 2Q 2014 16%…
Backlog Scheduling(1) Subsea Onshore/Offshore Group million 2014 (6 months) 2,396 2,501 4,897 2015 3,920 3,796 7,716 2016 and beyond 3,203 4,044 7,247 Total 9,519 10,341 19,860 (1) Backlog estimated scheduling as of…
PLSVs Charters Grow in Importance Total value excluding options: 1.3 billion(1) Vitria Niteri 5 year option Coral Do Atlantico (5 year charter) 5 year option Estrela Do Mar (5 year charter) 5 year option Buzios (8 year…
Yamal LNG: Ramp-up with Substantial Resource Mobilization Technip leader of partnership (50%) Client: Yamal LNG (Novatek, Total, CNPC) Located in Yamal Peninsula, Russia 3 trains of 5.5 mtpa capacity each to be delivered over…
Yamal LNG: High Revenue and Capacity Utilization Visibility through 2019 Engineering, Procurement & Fabrication of modules: 4.5 billion order intake announced on May 15, 2014 On-the-ground Construction: Scope recognized in…
Business Environment North Sea North America & Caribbean Statoil reducing its spending Gulf of Mexico Continued good level of tendering activity on UK side Lower offshore activity in GoM: projects in New entrants in subsea early…
Objectives for 2014 and 2015 2014 Subsea Revenue between 4.6 and 4.9 billion Operating margin of at least 12% Onshore / Offshore Revenue between 5.55 and 5.80 billion Base case operating margin 5% to 6% 2015 Subsea Revenue…
Technip in the Current Environment Solid backlog provides long-term visibility in both segments Pursue investments in technology and in the product supply part of our business Improve cash flow and returns in Subsea Capital…
Annex 30 Second Quarter 2014 Results
2Q 2014 Financial Highlights 31
Second Quarter Order Intake million Order intake Onshore / Offshore 4,839 Yamal LNG, EPC, JSC Yamal LNG, Russia RAPID, Project Management Consultancy, Petronas, Malaysia 1,213 723 Matindok, EPC, Pertamina, Indonesia 2Q 13(2)…
Second Quarter Subsea Highlights million Overall group vessel utilization rate: 88% versus 84% in 2Q 2013 Revenue Offshore campaigns: 1,232 Greater Western Flank, Australia 1,096 Panyu, China Quad 204, Scotland Byla, Norway…
Second Quarter Onshore/Offshore Highlights million Upstream Revenue Heidelberg Spar, US Gulf of Mexico Martin Linge platform, Norway 1,312 1,383 Hejre platform, Denmark Malikai TLP, Malaysia Umm Lulu package 2, Abu Dhabi Gas,…
Group Financial Highlights million 2Q 13(3) 2Q 14 Main elements Revenue 2,408.2 2,615.4 Negative translation impact from forex of 125.5 million EBITDA(1) 287.3 303.0 Good increase in EBITDA: EBITDA Margin 11.9% 11.6%…
Consolidated Statement of Financial Position million December 31, June 30, (1) 2013 2014 Fixed Assets 5,976.9 6,114.1 Construction Contracts Amounts in Assets 405.0 765.6 Other Assets 3,436.2 3,363.9 Cash & Cash Equivalents…
Second Quarter 2014: Cash Flow million Mainelements elements Second Quarter Main Cash(1) as of March 31, 2014 2,939.2 Net Cash Generated Small positive change in working 309.2 from / (Used in) Operating Activities capital: +39…
Subsea: Return On Capital Employed (ROCE) million Mainelements elements 2012 2013 Main EBIT 606 585 Tax Rate 27.4% 25.1% EBIT after tax 440 438 Assets Employed(1) 1,602 2,021 100% Vessels, Machinery and Equipment, 32% in 2013…
Backlog Analysis By Geography By Market Split By Customer Others 1% Petrochems 7% Africa Others 18% Refining / Heavy Oil 5% 24% Gas / LNG / FLNG 26% Middle East 6% Yamal LNG 22% Americas 18% National 23% Shallow Water…
Backlog by Contract Size(1) Subsea Onshore & Offshore 9.5 billion backlog 10.4 billion backlog Kaombo, our largest project, added Yamal, our largest project, added over 1.5 billion over 4 billion Next largest projects: Next…
Sustaining Profitable Growth 41
Worlds Only Integrated Subsea Solution Provider Genesis(1): Providing independent subsea architecture development and component selection Technip: Integrating our subsea proprietary technologies and offshore platform know-how with…
Global Business with Unique Multi-Local Footprint Technip Umbilical (1) Ltd: Evanton: Scotland More than 30 years of TPU(2) supply & the worlds largest Orkanger: Norway STU(3) facility Technip Umbilical* Ltd: Newcastle, UK…
Differentiation Through Genesis Provide independent decision support from pre-feasibility, through feasibility, concept selection and pre-FEED Over 1,500 dedicated Engineers and Designers Delivering Fit-for-Purpose Solutions for…
Innovation & Technology Center (ITC) ITC approach: Boost innovation to provide our clients Innovation & Technology Center (1) in with solutions for increasing complex & harsh Rueil-Malmaison, France subsea developments…
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…
High Performing Fleet(1) Deep Orient Skandi Niteroi & Vitoria Deep Pioneer Flexible Lay & Construction Apache II Deep Energy Deep Blue J-Lay & Rigid Reel Lay Skandi Arctic Orelia Skandi Achiever Diving Multi…
Technip Heerema Strategic Alliance: Award of Kaombo Project in April 2014 Unique complementarity of capabilities for EPCI projects in complex environments: Experienced engineering & project management High capacity vessels with…
A unique and Customized Product Range to Match Offshore Client Needs Fixed Facilities Services Conventionnal Self-Elevating Floatover HU&C GBS Artificial Islands Fixed Platforms (TPG 500) Installation Modifications Floating…
A Worldwide Contractor: Main Offshore Projects since 1996 Aasta Hansteen: Statoil Spar Hull Harding: BP/TAQA TPG 500 (3) Martin Linge: Total Fixed Facility Elgin Franklin: Elf/Total TPG 500(3) Hejre: DONG Energy Fixed…
FLNG Leader with First Mover Advantage Shell FLNG Petronas FLNG 1 LNG capacity: 3.6 mtpa LNG capacity: 1.2 mtpa Field: Prelude, Western Australia Field: Offshore Malaysia Construction ongoing in Korea Construction ongoing in…
Solid Fundamentals Supporting Long-Term Growth World Energy Consumption Evolution 2015 - 2035 (+33%) In million boe/day 353 335 6% Renewables 316 7% Hydro 5% Nuclear 293 266 27% Coal 240 6% 5% 215 30% Natural Gas 26% Driven…
A Changing, Complex Industry Near-Term Major NOCs still move forward their investment plans. Example of Petrobras(1) IOCs vocal about capex discipline(3) Total Capex in billion(1) 236 237 Recently delayed or canceled projects: 225…
Africa: Expanding Footprint and Long Term Prospects Technip in Africa 1,000 people 1st office founded in 1995 Strong national content Ultra-deep water projects requiring Lagos technical innovation Accra Port Harcourt Dande…
Asia Pacific: Global Implementation for High Potential Market Assets & Activities Technip in Asia Pacific Engineering & project management centers 9,800 people Founded in 1982 Flexible/umbilical manufacturing plant: Asiaflex,…
Middle East: Largest Engineering Capacity in the Region Assets & Activities Technip in Middle East Engineering & project management 2,500 people centers Founded in 1984 Wide range of services: from conceptual and feasibility…
North Sea Canada: Strengthening our Presence Assets & Activities Technip in North Sea Canada Engineering & project management centers 4,800 people Spoolbases Orkanger, Norway 1st office founded in 1978 Evanton, Scotland Steel…
Brazil: Reinforcing Profitable Business Technip in Brazil Differentiating Assets & Activities +36 years 4,500 People Wide range of assets: Founded in 1977 High-end manufacturing plants: Flexibras and Au (worlds most…
Technip in Brazil: Steady Development to Provide Unmatched Local Content New manufacturing plant: Au 6 PLSVs on long-term charters for up to 3,000m water depth 1st IPB(2) in Brazil 1st Brazilian PLSV: Skandi Vitria Roncador…
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