Barclays CEO Energy-Power Conference Benefits of Innovation on Subsea Project Economics Merger Update: Process and Plans Thierry Pilenko Chairman and Chief Executive Officer, Technip Doug Pferdehirt President and Chief Executive…
Our Combination: Driving Change by Redefining the Production and Transformation of Oil & Gas Builds a comprehensive and flexible offering across each market from concept to project delivery and beyond Products: best-in-class…
Agenda 1 Building on Proven Success 2 Combining Forces to Do Even More 3 Innovation Making It Real 4 Benefits of Full Integration 5 Redefining the Production and Transformation of Oil and Gas 6
Technip and FMC Technologies are Helping Clients Achieve Sustainable Project Economics Client concerns Our responses Preserving cash flows, balance sheets, Enabling brownfield and long tie-backs dividends Early involvement to…
Diversified Mix of Integrated FEED Studies Forsys Subsea studies by type Customer Type Scope (Tree Count) Field Type NOCs 21+ XTs Independents 1-10 XTs Brownfield Greenfield 11-20 XTs IOCs Relationships Geography Africa…
Our Combination Takes Forsys Subsea Further TechnipFMC Can Do More Create a single, contracting partner Accelerate and integrate technology innovation Create a more cost-effective operating structure Develop integrated…
Agenda 1 Building on Proven Success 2 Combining Forces to Do Even More 3 Innovation Making It Real 4 Benefits of Full Integration 5 Redefining the Production and Transformation of Oil and Gas 11
TechnipFMC will Offer Clients Unique Subsea Products and Services Topsides and facilities Life of field and monitoring SURF: Subsea umbilicals, risers and flowlines SPS: Subsea production systems (including…
and a Full Suite of Capabilities Sourced from a Single Contracting Partner Conceptual Design Project Execution LOF & Maintenance & FEED Equipment Engineering Procurement Construction Installation supply subsea Rationalized…
Agenda 1 Building on Proven Success 2 Combining Forces to Do Even More 3 Innovation Making It Real 4 Benefits of Full Integration 5 Redefining the Production and Transformation of Oil and Gas 14
Making It Real Redefine Industry Redesign Subsea Integrate Technologies Reinvent Products 15
Reinvent Products Simplicity 50% fewer parts Deliverability 50% schedule reduction Installability 50% less weight 16
Integrate Technologies Subsea processing Connector Manifold ETH PiP(1) Flexible pipe Direct Tie-In Increased Optimized Simplified efficiency connectivity architecture (1) ETH PiP: Electrically Trace Heated Pipe-in-Pipe…
Redesign Subsea TechnipFMC Integrated Approach Traditional field development Integrated technological approach Up to 30% cost reduction in SPS/SURF scope Fewer SPS interfaces and reduced equipment complexity Reduction in…
Agenda 1 Building on Proven Success 2 Combining Forces to Do Even More 3 Innovation Making It Real 4 Benefits of Full Integration 5 Redefining the Production and Transformation of Oil and Gas 19
Significant Potential for Cost Synergies Pre-Tax Cost Synergies of approximately 400m by 2019 Supply Chain Commodity raw material cost savings Base plan Stretch Better terms with shared suppliers Beneficial scale effect from…
Integrated Approach: Improved Project Economics Create Revenue Synergies Multiple opportunities to create revenue synergies Early involvement can improve positioning on new projects Integrated technologies provide differentiation…
Agenda 1 Building on Proven Success 2 Combining Forces to Do Even More 3 Innovation Making It Real 4 Benefits of Full Integration 5 Redefining the Production and Transformation of Oil and Gas 22
Leading OFS Provider With Scale and Strong Balance Sheet One of Largest OFS Companies by Revenue Creating unique competencies and delivering Top 10 OFS Companies by 2015A Revenue (Bn) 45 44.3 unparalleled value 30 Provide a…
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