Post on 08-Nov-2018
Paris, October 25, 2012
Third Quarter 2012 Results
2
Safe Harbor
his presentation contains both historical and forward-looking statements. These forward-looking statements are not based on historical facts, butrather reflect our current expectations concerning future results and events and generally may be identified by the use of forward-looking words suchas “believe”, “aim”, “expect”, “anticipate”, “intend”, “foresee”, “likely”, “should”, “planned”, “may”, “estimates”, “potential” or other similar words.Similarly, statements that describe our objectives, plans or goals are or may be forward-looking statements. These forward-looking statementsinvolve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materiallyfrom the anticipated results, performance or achievements expressed or implied by these forward-looking statements. Risks that could cause actualresults to differ materially from the results anticipated in the forward-looking statements include, among other things: our ability to successfullycontinue to originate and execute large services contracts, and construction and project risks generally; the level of production-related capitalexpenditure in the oil and gas industry as well as other industries; currency fluctuations; interest rate fluctuations; raw material, especially steel as wellas maritime freight price fluctuations; the timing of development of energy resources; armed conflict or political instability in the Arabian-Persian Gulf,Africa or other regions; the strength of competition; control of costs and expenses; the reduced availability of government-sponsored export financing;losses in one or more of our large contracts; U.S. legislation relating to investments in Iran or elsewhere where we seek to do business; changes intax legislation, rules, regulation or enforcement; intensified price pressure by our competitors; severe weather conditions; our ability to successfullykeep pace with technology changes; our ability to attract and retain qualified personnel; the evolution, interpretation and uniform application andenforcement of International Financial Reporting Standards, IFRS, according to which we prepare our financial statements as of January 1, 2005;political and social stability in developing countries; competition; supply chain bottlenecks; the ability of our subcontractors to attract skilled labor; thefact that our operations may cause the discharge of hazardous substances, leading to significant environmental remediation costs; our ability tomanage and mitigate logistical challenges due to underdeveloped infrastructure in some countries where we are performing projects.Some of these risk factors are set forth and discussed in more detail in our Annual Report. Should one of these known or unknown risks materialize,or should our underlying assumptions prove incorrect, our future results could be adversely affected, causing these results to differ materially fromthose expressed in our forward-looking statements. These factors are not necessarily all of the important factors that could cause our actual results todiffer materially from those expressed in any of our forward-looking statements. Other unknown or unpredictable factors also could have materialadverse effects on our future results. The forward-looking statements included in this release are made only as of the date of this release. We cannotassure you that projected results or events will be achieved. We do not intend, and do not assume any obligation to update any industry informationor forward looking information set forth in this release to reflect subsequent events or circumstances.
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This presentation does not constitute an offer or invitation to purchase any securities of Technip in the United States or any other jurisdiction.Securities may not be offered or sold in the United States absent registration or an exemption from registration. The information contained in thispresentation may not be relied upon in deciding whether or not to acquire Technip securities.This presentation is being furnished to you solely for your information, and it may not be reproduced, redistributed or published, directly or indirectly, inwhole or in part, to any other person. Non-compliance with these restrictions may result in the violation of legal restrictions of the United States or ofother jurisdictions.
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Contents
1. 3Q 2012 Operational & Financial Highlights
2. Progress on Strategy and Outlook
1. 3Q 2012 Operational & Financial Highlights
4
5
3Q 2012 Subsea Order Intake
Key contracts across regions & technologiesDalmatian deepwater pipe-in-pipe, Gulf of MexicoFlexible supply, Angola, Brazil & Asia PacificGreater Stella field development, UKGullfaks South pipe-in-pipe, Norway5-year Inspection, Repair and Maintenance frame agreement, UK Backlog
€ million
Order intake
1,1271,336
1,224
3Q 11 2Q 12 3Q 12
4,066
5,963 6,120
3Q 11 2Q 12 3Q 12
6
3Q 2012 Onshore/Offshore Order Intake
Order intake
Backlog
€ million
EPC contractsEthylene XXI, MexicoUpper Zakum 750K phase 1, UAE
Services contractsIchthys offshore facilities commissioning, AustraliaROGC ethylene cracker license and engineering services, IndiaPavlodar & Shymkent refineries FEEDs, KazakhstanOffshore field engineering services, Australia, Norway & Brazil
1,225 1,180
1,624
3Q 11 2Q 12 3Q 12
6,0536,761
7,399
3Q 11 2Q 12 3Q 12
7
3Q 2012 Subsea Operations
(1) Long Term Charter(2) from recurring activities
Revenue
Operating Income2
Offshore main operations completedHyme, NorwayLiuhua 11-1, ChinaNormand Progress LTC1, Brazil
Main ongoing projectsBC-10 phase 2, BrazilGoliat, Barents SeaJubilee phase 1A, GhanaLiwan shallow water, ChinaMariscal Sucre, VenezuelaVigdis, Norway
Overall group vessel utilization rate: 77%
754
1,075
3Q 11 3Q 12
128
163
3Q 11 3Q 12
16.9%15.1%
3Q 11 3Q 12
€ million
8
3Q 2012 Onshore/Offshore Operations
Revenue
Operating Income1
(1) from recurring activities
UpstreamAsab 3, UAEIchtys FPSO, AustraliaLucius Spar, Gulf of Mexico
Gas, LNG & FLNGPMP, QatarPrelude FLNG, AustraliaFLNG studies
DownstreamBurgas, BulgariaElastomer complex, ThailandJubail, Saudi Arabia
944 1,011
3Q 11 3Q 12
67 71
3Q 11 3Q 12
7.1% 7.1%
3Q 11 3Q 12
€ million
9
Group Financial Highlights
1 calculated as operating income from recurring activities before depreciation and amortization2 from recurring activities
+23% year-on-year
+19% year-on-year
€ million
Acquisition costs
3Q 11 3Q 12
Revenue 1,698.6 2,085.9
EBITDA1 217.9 269.1
EBITDA margin 12.8% 12.9%
Operating Income2 180.9 215.2
Operating Margin2 10.6% 10.3%
Non-Current Operating Result (4.7) (4.0)
Financial Result (3.3) (4.5)
Income / (Loss) before Tax 172.9 206.7
Income Tax Expense 30.0% 28.4%
Net Income 121.0 146.3 +21% year-on-year
10
Net Cash Position€ million
3 Months
Net Cash Position as of June 30, 2012 252.0
Cash Generated from / (Used in) Operations 252.5
Change in Working Capital Requirements (23.5)
Capital Expenditures (109.6)
Acquisitions of Stone & Webster Process Technologies (229.0)
Other including FX Impacts 41.1
Net Cash Position as of September 30, 2012 183.5
4896
64
152107
110139
Capital Expenditure
1Q
2Q
3Q
4Q
357
~ 500
2011 2012
1111
Business Environment
Australian gas projects continue to progressGDP growth drives refining, petrochemicals and fertilizer investments
New discoveries to drive future onshore & offshore developments, incl. in new areasProject timing remains uncertain
Africa
Upswing in US Gulf of MexicoIncreasing activity in MexicoUS shale gas driving onshore downstream investments
North AmericaHigh level of subsea awards continuesStep change in size and complexity of offshore developmentsIncrease in platform activity
North Sea
Sustained volume of activity Good opportunities offshore & downstream
Middle East
Asia Pacific
Good visibility in Brazil with ramp-up of pre-salt developmentsDownstream and some offshore prospects across countries
Latin America
12
Backlog Visibility1
1 Backlog estimated scheduling as of September 30, 2012
€ million
Subsea Onshore/Offshore Group
2012 (3 months) 847.5 1,058.1 1,905.6
2013 2,558.6 3,269.7 5,828.3
2014 and beyond 2,713.5 3,071.0 5,784.5
Total 6,119.6 7,398.8 13,518.4
13
2. Progress on Strategy and Outlook
14
Worldwide Organization Dedicated to Downstream Technologies
Technip Stone & Webster Process Technology Team of ~1,200 people with specialists from both companiesCutting edge technologies in refining, hydrogen, ethylene, petrochemicals & GTL ~€400 million of revenue on a pro forma basis
WhyReinforce Technip’s position as a technology provider to the downstream industry, with positive feedback from clientsAdditional revenue streams from enhanced technology and high-end proprietary solutionsStrengthened commercial relationship with clients at early stages of projects
Operating centers Sales officesAssociated operating centers
Mumbai
Milton Keynes
Houston
CambridgeClaremont Paris
Rome
Zoetermeer
Abu DhabiKuala Lumpur / Singapore
Beijing
CP Chem cracker, USABraskem Comperj petrochemical complex, Brazil
Braskem / Idesa Ethylene XXI, MexicoReliance cracker, India
EBSM1: El Dekila Egyptian Polystyrene Prod. Co., EgyptCumene: Lihuayi Weiyuan Chemical Co. Ltd., China
Sasol Uzbekistan GTL, UzbekistanSasol Oryx plant, Qatar
Resid FCC2: Takreer, UAEDCC2: Petro-Rabigh, Saudi Arabia & IRPC, Thailand
McKee & Memphis refineries, USAPetrochina Chengdu refinery, China
~35% installed capacities with ~120 references~25% of licensing over the past 10 years
~25% of installed capacities over the past 10 years including 7 EPC
Leading position around key proprietary technologies1 through Badger JV
Strong track-record and technology partnership with Sasol
Resid FCC2: world leader, >75 referencesDCC2: unrivalled performance, >10 references
World leader with ~40% market share, inc.alliance with Air Products, >240 references
Petrochemicals
Technip Stone & Webster Process Technology Leading Position in Growing Markets
Refining
GTL
Hydrogen
S&W Ethylene
15
Technip Ethylene
Strong Track Record Recent Key Projects
(1) Ethylbenzene / Styrene Monomer (EBSM), Cumene, Bisphenol A (BPA)(2) RFCC: Resid Fluid Catalytic Cracking. DCC: Deep Catalytic Cracking
Commercial Alliance with Heerema
5-year worldwide alliance agreement combining capabilities for EPCI projects in ultra-deepwater
Working together through ad-hoc JV, consortiums or subcontract arrangements to best answer client requirements
Alliance effective immediately on an exclusive basis
First successes expected in 2013/2014, with offshore phases in 2015 and beyond
16
Ultra-Deepwater Challenges
Larger developmentswith contracting interfaces
increasingly difficult to manage by operators
Increasing use of EPCI contracts requiring extensive project
management and execution experience
Heavier subsea equipmentVessels with higher lifting/abandonment
capacity
Deeper water and heavier pipes
Vessels with higher tension pipe laying capacities
Increasing QHSE requirements
State-of-the-art vessels and experienced project
management required
17
Helping Clients to DevelopUltra-deepwater Fields
Geographical footprint covers key subsea markets worldwide (engineering, sales & business development, yards, spoolbases, flexible & umbilical plants)
Track record in engineering & project management of complex projects
Financial strength to endorse large contract responsibility
Unique set of capabilities for ultra-deepwater market:
Experienced engineering & project management
High capacity vessels State-of-the-art laying technologies(J-, Reel-, S- and Flex-Lay)
Logistic and construction network(yards, plants)
Sales & business development network
Installation capabilities for Ultra-Deepwater
Extensive track record of fabrication and installation of heavy and specialized pipelines
Capabilities for remote areas lacking infrastructure, thanks to liftable reel-lay system
18
Technip Rigid Pipelay and Installation Capabilities: from Ultra-deep to Shore
S-Lay
Heavy Lift
Export linesDeepwater infield linesUltra deepwater infield lines (very high tensions)
Subsea Heavy
Lift
J-Lay &
Reel-Lay
J-Lay &
Reel-Lay
19
20
Growing Diversified Backlog
Backlog
Subsea backlog
2009 2010 Sept. 302012
10,416
8,018
9,228
13,518
Onshore/Offshore backlog
€ million
20112008
7,208 Asab 3, UAE
G1201
21
2012 Full Year Outlook1
Group revenue towards €8.0 billion (formerly between €7.65 and €8.0 billion)
Subsea revenue at least €3.50 billion (formerly between €3.35 and €3.50 billion), with operating margin2 around 15% (unchanged)
Onshore/Offshore revenue around €4.3 billion (formerly between €4.3 and €4.5 billion), with operating margin2 between 6.5% and 7% (formerly between 6% and 7%)
1 based on year-to-date average exchange rates2 from recurring activities
MWCS buoyancy can
Apache II
22
3. Annex
23
A World Leader Bringing Innovative Solutions to the Oil & Gas Industry
Onshore/Offshore
Proven track record with customers & business partners
Engineering & constructionProject execution expertise
KnowhowHigh added-value process skillsProprietary platform designOwn technologies combined with close relationship with licensors
Low capital intensity
Worldwide leadershipUnique vertical integration
Design & Project ManagementManufacturing & SpoolingInstallationR&D
First class assets and technologies
Manufacturing plantsHigh performing vesselsAdvanced rigid & flexible pipes
Subsea
24
Two Complementary Business Models Driving Financial Structure and Performance
(1) from recurring activities
Subsea Onshore/Offshore
Operating Income1
Operating Margin1
Capital intensive: fleet and manufacturing unitsVertical integration from engineering to manufacturing & construction
Negative capital employed: low fixed assetsHigh degree of outsourcing & sub-contracting
457 498
FY 10 FY 11
16.7% 16.8%
FY 10 FY 11 3Q 12 3Q 12
207274
FY 10 FY 11
6.2%7.1%
FY 10 FY 11
€ million
Current Backlog
6,120
Operating Income1
Operating Margin1
Current Backlog7,399
Consolidated Statement of Financial Position
25
€ million
Dec. 31, 2011*
Sept. 30, 2012
Fixed Assets 5,520.6 5,892.5
Construction Contracts – Amounts in Assets 585.6 548.6
Other Assets 2,733.4 2,780.6
Cash & Cash Equivalents 2,808.7 2,287.3
Total Assets 11,648.3 11,509.0
Shareholders’ Equity 3,673.3 3,982.7
Construction Contracts – Amounts in Liabilities 700.0 858.2
Other Liabilities 5,123.6 4,564.3
Total Shareholders’ Equity & Liabilities 11,648.3 11,509.0
(*) Restated with preliminary assessment of purchase price allocation of Global Industries.
25%
9%
13%21%
32%18%
40%12%
16%
12% 2%
26
Diversified Backlog Across Regions and Markets
Europe / Russia Central Asia
Africa
AsiaPacific
Americas
Middle East
€13,518million
Backlog by market splitAs of September 30, 2012
Backlog by geography
Subsea & OffshoreDeepwater>1,000 metersPetrochems
Other
Gas / LNG / FLNG
Refining /Heavy Oil
Subsea & Offshore Shallow Water
€13,518million
rev.1
Investment in Key Subsea Assets
27
5
7, incl. 1 under construction
Plants
2007 New long term charters
North Sea Giant
18
34, incl. 5 under construction
Vessels
2007
Newbuild vessel in Norway, delivered in 2014
2007 2008 2009 2010 2011 3Q 2012
2828
Investment in Talents Worldwide
35,000
23,500
Workforce Employee growth by geography since 2007
ContractedAcquisitionsRegular workforce
7%
27%
11%13%
14%
13%
15%
Rest of Europe
Africa, Middle East
AsiaPacificSouth
America
North America
Fleet
North Sea, Russia, CIS
rev.1
National Oil Companies International Oil Companies
Diversified & Balanced Customer Base
29
Onshore/Offshore Key Markets
30
Petrochemical & Ethylene
LNG & GTL
Floating LNG
Spar
Fixed platform
Expertise in Full Range of Offshore FacilitiesOnshore Downstream Unique Position
FPSOFertilizer
Refining
31
High Performing Fleet of 34 Vessels1
Diving & multi support vessels
Flexible-Lay & Construction Rigid S-Lay and Heavy Lift
Deep Blue
Apache II
Skandi Niteroi G1200 G1201
Hercules Comanche
Deep Pioneer
Skandi Achiever Skandi Arctic Global Orion
Iroquois
Olympic Challenger
Normand Progress
Skandi Vitoria
Deep Energy2
Rigid Reel-Lay & J-Lay
11 units 5 units4 units
14 units
Sunrise 2000
Pioneer
Chickasaw
Deep Constructor
1 As of June 30, 20122 Vessels under construction
Deep Orient2
2 x 550t PLSV2 North Sea Giant
ST 2612
32
FlexibrásVitória, Brazil
Flexi FranceLe Trait, France Asiaflex Products
Tanjung Langsat, Malaysia
Port of AçuAçu, Brazil
Flexible Pipe Manufacturing Plants
33
Mobile, Alabama, USAOrkanger, Norway
Evanton, UK
Dande, AngolaCarlyss, Louisiana, USA
Offshore Manufacturing & Logistic Bases
Port of Angra, Brazil
34
Umbilicals Manufacturing Plants
Duco IncHouston, USA
Duco Ltd Newcastle, UK
AngoflexLobito, Angola
Asiaflex Products Tanjung Langsat, Malaysia
Providing Innovative Solutions for Offshore & Subsea Developments
35
Electrically Trace Heated Pipe-in-pipe
Carbon Fiber Armor Flexible Pipe
Reduction of deepwater riser weight
Active insulation improving tie-backs flow assurance
Floating LNG Spars
Solution for harsh waters
Breakthrough: develop remote gas reserves
Reduce pipelayvessel capacity requirements
Energy effective design and cost effective installation
14 delivered out of 17, plus 1 under construction and 2 ongoing design studies
World’s first reference under construction
Integrated Production Bundle
Improve flow assurance: multi-services and intelligent flexible pipe
Combines gas lift, electrical cables, electrical heating, fiber optic monitoring and chemical injection services in one pipe
FLNG1, an Innovative Solution for our Customers
36
Shell FLNG15 year master agreementLNG capacity: 3.6 mtpaPrelude FLNG in Australia under construction
Petronas FLNGLNG capacity: 1.2 mtpaOffshore MalaysiaFloating LNG 1 under construction by Technip
Floating LNG moving from concept to reality
2 facilities under construction after FEED completion
Several conceptual studies for various clients
(1) Floating Liquefied Natural Gas
Petrobras FLNG LNG capacity: 2.7 mtpaPre-salt basin, BrazilDesign competition won by Technip
37
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 synergies (notably premises, IT) approximately €7 million, with one-off transaction and transition costs in 2012 of ~€15 million
The acquisition roughly doubles the revenues that Technip already generates from this type of activity to ~€400 million on a pro forma basis
Looking forward, the acquired business should generate margins above those of the Onshore/Offshore segment, as well as having a more robust and lower risk earnings profile
Licensed proprietary technologies chosen at early stage of projects
Technology Strength Diversifies Our Revenue
Process Design / Engineering Proprietary Equipment Licenses
Design, supply and installation of critical proprietary equipment
Process design packages / engineering to guarantee plantperformance
Assistance to plant start-up and follow-up during plant production
38
~US$50 million*
Process Technologies
<US$5 million* <US$50 million*
* Project size order of magnitude
Stone & Webster Process Technologies:Enhanced Portfolio of Downstream Technologies
Natural Gas
Refining
GTL
Hydrogen
Ethylene
Business Domains
39
LNG
Crude Oil
Cryogenic separationCooperation with Air Products and Chemicals, Inc. (APCI)
Exclusive co-developer of Sasol Fischer Tropsch reactor technology
Steam reformer proprietary technologyAlliance with Air Products
Ammonia technology licensing cooperation with Haldor Topsoe
Complementary proprietary technologies with different clients & geographic bases
Polyolefins and others
Residual Fluid Catalytic CrackingDeep Catalytic Cracking
Technip
Fertilizer
Intermediates
polymersderivatives
Technologies and Skills
Stone & Webster process technologies and associated oil and gas engineering capabilities
40
Opportunities all Along the Gas Value Chain
Petrochemicals- Ammonia/Urea- Hydrogen- Polyethylene- Polyvinyl chloride…Steam cracker
(Ethylene)
Associated Gas
Non- Associated Gas
Natural Gas
Pipeline
Onshore Liquefaction
C5-12
C5-20
Methane (C1)
Ethane (C2)
C3/C4
Gasoline
Condensate
LPG
CO2 WaterSulphur
Oil Field Facilitiesinc. Shale oil
Gas Field Facilitiesinc. Shale gas
Offshore Liquefaction
Qatar LNG
Prelude FLNG, Australia
Oryx GTL, Qatar
Phu My Fertilizer, Vietnam
Gas Processing
Kupe, New Zealand
Yansab, Saudi Arabia
GTL
Coal bed methane
41
Aberdeen
Paris
Luanda
Rio de Janeiro
Mumbai
Kuala Lumpur
Perth
Lagos
Vitória
Caracas
Dande
Lobito
Port Harcourt
BarcelonaLyon Rome
Athens
Düsseldorf
St. PetersburgEvanton
LondonNewcastle
Abu DhabiDoha
ChennaiBangkok
JakartaBalikpapan
Shanghai
Pori
Le Trait
Bogota
New Delhi
Regional Headquarters / Operating centers
Spoolbases
Manufacturing plants (flexible pipelines)Manufacturing plants (umbilicals)Construction yard
Tanjung Langsat
OsloOrkanger
Stavanger
Logistic bases
Angra Porto
CairoBaghdad
Al Khobar
Warsaw
Macaé
Accra
A Unique Worldwide Footprint
BatamSingapore
Dubaï
St. John’s
Houston
Los Angeles
Calgary
Monterrey
Mobile
Ciudad del Carmen
Carlyss
MexicoCity
Cambridge
Weymouth
Acu (under construction)
Milton KeynesThe Hague
SeoulAshgabat
RayongHo Chi Minh City
Miri
Africa: Local Partner With Commitment to Long-term Presence
Pazflor, Subsea, Angola
West Delta Deep Marine Phase 7 & 8A, Subsea, Egypt
Jubilee, Subsea, Ghana
Fertilizer FEED, Onshore/Offshore, Gabon
Akpo FPSO, Onshore/Offshore, Nigeria
Key Projects
~700 people1st office founded in 1995
Technip in Africa
Engineering & project management centersUmbilical manufacturing plant: Angoflex, Angola
Spoolbase: Dande, Angola
Logistic base: Port Harcourt, Nigeria
Assets & Activities
Luanda
Lagos
Dande
Lobito
Port HarcourtAccra
Cairo
Regional Headquarter / Operating centers
Spoolbase
Manufacturing plant (umbilicals)Logistic base
Dande spoolbase, Angola
Angoflex, Angola
42
Engineering & project management centersFlexible/umbilical manufacturing plant: Asiaflex, Malaysia, 1st and only one in Asia
Logistic base: Batam, Indonesia
Fabrication yard: MHB1, Malaysia, with solid platform track record,
Vessel
43
Asia Pacific: Dedicated Assets for High Potential Market
Perth
Bangkok
Shanghai
Singapore
Jakarta
Balikpapan
Tanjung Langsat
~6,700 peopleFounded in 1982
Technip in Asia Pacific
1 8% participation2 vessel under construction
Batam
Assets & Activities
Woodside GWF, Subsea, Australia
Prelude FLNG, Onshore/Offshore, Australia
FLNG FEED, Onshore/Offshore, Malaysia
Biodiesel plant, Onshore/Offshore, Singapore
Key Projects
Deep Orient2
Asiaflex, Malaysia
Regional Headquarter / Operating centers
Logistic baseFlexible & umbilical manufacturing plant
Kuala Lumpur
New Delhi
Mumbai
Chennai
Seoul
Miri
Rayong
Ho Chi Minh City
Al-KhobarDoha
Abu Dhabi
Dubaï
Baghdad
Engineering & project management centersWide range of services: from conceptual and feasibility studies to lump sum turnkey projectsConstruction methods center & supervision hub
44
Middle East: Largest Engineering Capacity in the Region
Operating centers
Assets & Activities
OAG Package 1 on Das Island Facilities, UAE
ASAB 3, UAE
Khafji Crude Related Offshore, Saudi Arabia and Kuwait
Upper Zakum 750K FEED, UAE
KGOC Export Pipeline, Saudi Arabia and Kuwait
Key Projects
~1,950 peopleFounded in 1984
Technip in Middle East
Asab 3, UAE
Upper Zakum 750+, UAE
Regional Headquarter / Operating centers
Engineering & project management centers with Subsea, and Onshore/Offshore capabilitiesSpoolbases
Mobile, AlabamaCarlyss, Lousiana
Umbilical plant Channelview, Texas
Vessels
45
North America: Solid Reputation With Enhanced Portfolio of Downstream Technologies
SpoolbasesManufacturing plants (umbilicals)
Assets & Activities
Reel-lay tie-backs in the Gulf of Mexico
Lucius Spar, Gulf of MexicoBP 10-year spar agreement, Gulf of MexicoShell subsea engineering frame agreement with Genesis, US & BrazilRecurring activities, US & Mexico
Light reel-layInspection, repair & maintenance, diving support & surveys
Key Projects
ChickasawDeep Blue1
1 Operating partly in the Gulf of Mexico
~3,500 peopleFounded in 1971
North America
Duco umbilical plant, USA
Mobile spoolbase, USA
Perdido Spar, Gulf of Mexico
PioneerCambridgeWeymouth
~320 people
Over 50 years experience from Engineering to full EPC contracts
Venezuela
Latin America: Strong Relationships with Local Players
46
~660 people
Over 35 years experience
Specialized in refining & petrochemicals
Over 250 projects completed
Branches in Argentina & Peru
Colombia
~3,500 people
35 years experience
Brazil
*Technip JV with Inversiones Y Construcciones Estratégicas and Inversiones Ascona
*
Operating centersManufacturing plants (flexible pipelines)Logistic bases
Sincor refinery, Venezuela
Barrancabermeja refinery, Colombia
La Pampilla refinery, Peru
~380 people
Supported by Houston office
Mexico
Açu
47
Brazil: 35 years of Local Presence
~3,500 PeopleFounded in 1977
Technip in Brazil
Papa Terra IPB, Subsea
Cubatao refinery, Onshore/Offshore
P-56 semi-submersible, Onshore/Offshore
Key Projects
Engineering & project management centersFlexible/umbilical manufacturing plant
Flexibras: since 1986Port of Açu: High-end flexible manufacturing plant1
Logistic baseCampos basin: FlexibrasSantos basin: Port of Angra
R&D and test center
Marine assets support base: Macaé
Vessels
Assets & Activities
Flexibras, Vitoria
Manufacturing plants (flexible pipelines)Regional Headquarter / Operating centers
Logistic bases
Angra MacaéAçuVitoria
Rio de Janeiro
1 under construction
Skandi NiteroiSkandi Vitoria
2 x 550t PLSV1Sunrise 2000
Deep Constructor
Technip in Brazil: Steady Development to Provide Unmatched Local Content
2011Garoupa Platform 1st flexible pipe installed
100m water depth
Roncador Field Development & P-52 Platform
1,800m water depth
1977
2007
P-58/P-62 Brazilian FPSOs awardAcquisition of Angra Porto logistic base
2009
1st IPB2 in Brazil 1st Brazilian PLSV:
Skandi Vitória
2010
Flexibras: 1st Flexible plant1986
2001Acquisition of
UTC Engineering
1995
1st LTC1 with Petrobras: Sunrise
2nd Brazilian PLSV:Skandi Niteroi
~20 people
~3,500 people
~2,000 people
48
1 Long Term Charter2 Integrated Production Bundle
Flexible pipe frame agreement
with Petrobras
2012
Listed on NYSE Euronext Paris
Shareholding Structure, May 2012
49
North America31.3%
Treasury Shares2.1%
Employees1.8%
IFP Energies Nouvelles2.5%
Rest of World19.6%
French Institutional Investors16.6%
Individual Shareholders5.7%
Others3.7%
UK & Ireland11.4%
Institutional Investors84.2%
FSI5.3%
Source: Thomson Reuters, Shareholder Analysis, May 2012
50
Technip’s Share Information
ISIN: FR0000131708Bloomberg: TEC FP Reuters: TECF.PA SEDOL: 4874160
OTC ADR ISIN: US8785462099ADR: TKPPY
Convertible Bonds:OCEANE 2010 ISIN: FR0010962704OCEANE 2011 ISIN: FR0011163864
Private Placement Notes: ISIN: FR0010828095
51
Bloomberg ticker: TKPPYCUSIP: 878546209
Depositary bank: Deutsche Bank Trust Company Americas
Depositary bank contacts:
ADR broker helpline: +1 212 250 9100 (New York) +44 207 547 6500 (London)
e-mail: adr@db.comADR website: www.adr.db.comDepositary bank’s local custodian: Deutsche Bank Amsterdam
Technip has a sponsored Level 1 ADR
Third Quarter 2012 Results