Second Quarter 2011 July 28, 2011 Results Second Quarter 2011 - PDF document

Second Quarter 2011 July 28, 2011 Results Second Quarter 2011 Results 1

Contents 1. Second Quarter 2011 Operational Highlights 2. Second Quarter 2011 Financial Highlights 3. Strategy and Outlook 4. Annex 2 Second Quarter 2011 Results

Operational Highlights 1. Second Quarter 2011 Second Quarter 2011 Results 3

Second Quarter Subsea Operational Highlights � Offshore operations completed � Block 31 (Angola) � Pazflor (Angola) � Work in progress � Nord Stream pipeline (Baltic Sea) � West Delta Deep Marine Phase 8A (Egypt) � Hibernia (Canada) � Goliat (Barents Sea) � Asset activity � Vessel utilization rate: 80% (vs. 70% in 2Q10) � Ramp-up continued on Asiaflex (Malaysia) Flexible Pipe on Deep Constructor 4 Second Quarter 2011 Results

Second Quarter Onshore/Offshore Operational Highlights � Projects handed over � P-56 platform (Brazil) � Commissioning & start up in progress � Block 1 Gas Development (Turkmenistan) � Start up progressed on Neste Oil biodiesel plant (The Netherlands) Asab 3, UAE � Work in progress � Jubail Refinery (Saudi Arabia) � Asab 3 (UAE) � PMP (Qatar) � Prelude FLNG (Australia) Jubail Refinery, Saudi Arabia 5 Second Quarter 2011 Results

2. Second Quarter 2011 Financial Highlights Second Quarter 2011 Results 6

Order Intake & Backlog Highlights € million (not audited) Order intake Backlog � Subsea order intake 3,630 � Vigdis NE (PiP (1) , Statoil, Norway) 1,018 773 � Hibernia South (EPIC, HMDC (2) , Canada) 736 3,299 � Sunrise 2000 long-term charter (Petrobras, 3,057 Brazil) � COGA installation (Total, Gabon) 2Q10 1Q11 2Q11 2Q10 1Q11 2Q11 Order intake Backlog � Onshore/Offshore order intake 1,073 � Prelude FLNG (3) (Shell, Australia) 5,783 5,782 749 � Dahej petrochemical complex (Opal, India) 557 � Frame agreements 5,206 � Chemicals & petrochemicals (BASF, Worldwide) � Spar development (BP E&P, GoM) 2Q10 1Q11 2Q11 2Q10 1Q11 2Q11 (1) PiP: Pipe-in-Pipe (2) HMDC: Hibernia Management and Development Company (3) 1 st contribution 7 Second Quarter 2011 Results

Segment Financial Performance € million (not audited) Onshore/Offshore Subsea Revenue Revenue 688 660 1,004 797 (4)% +26% 2Q10 2Q11 2Q10 2Q11 Operating Income (1) Operating Income (1) 7.6% 17.0% 7.1% 16.9% 116 112 76 57 +35% +52bp (4)% +8bp 2Q10 2Q11 2Q10 2Q11 2Q10 2Q11 2Q10 2Q11 (1) from recurring activities 8 Second Quarter 2011 Results

Group Financial Highlights € million (not audited) 2Q 10 2Q 11 � +12% year-on-year Revenue 1,484.5 1,663.9 (1) 195.9 212.6 EBITDA EBITDA margin 13.2% 12.8% � +9.4% year-on-year (2) 160.5 175.6 Operating Income Operating Margin (2) 10.8% 10.6% Non-Current Operating Result 2.0 - � Mark to market effects Financial Result (8.1) 11.3 Share of Income / (Loss) of Equity Affiliates (1.0) - Income / (Loss) before Tax 153.4 186.9 � 29.7% effective tax rate Income Tax Expense (48.2) (55.6) Non-Controlling Interests 0.9 1.2 Net Income / (Loss) 106.1 132.5 � +17.1% year-on-year Diluted Earnings per Share 0.98 1.15 (1) calculated as operating income from recurring activities before depreciation and amortization (2) from recurring activities 9 Second Quarter 2011 Results

Cash Flow and Balance Sheet € million (not audited) Robust Net Cash Position 3 months 1,784 Net Cash as of March 31, 2011 1,300.4 1,645 1,332 Cash Generated from / (Used in) Operations 194.7 1,110 Change in Working Capital Requirements (123.3) Capex (64.2) Share Divestments / Acquisitions, Dividend (197.5) Payment and Other 2008 2009 2010 2Q 2011 Net Cash as of June 30, 2011 1,110.1 Net Construction Contracts Net Cash Excluding Construction Contracts 10 10 Second Quarter 2011 Results

3. Strategy and Outlook Second Quarter 2011 Results 11

Activity in the Middle East Projects in construction phase Projects won recently 1 KJO (ex Neutral Zone) 1 Jubail Refinery (KSA) Brownfield Offshore EPC Onshore Expansion of oil processing Grass root refinery facilities Construction ramp up EPC in progress 1 1 3 2 3 2 Upper Zakum 750+ (UAE) 2 Asab 3 (UAE) 2 Brownfield Onshore Revamp of existing FEED Brownfield Offshore gathering units Gas Production Enhancement Construction ramp up FEED in Progress with Eletech JV 3 Satah Field Dvpt. (UAE) 3 PMP (Qatar) Brownfield Onshore Brownfield Offshore Pre-treatment for LNG Gas Production Enhancement trains EPC Awarded in July 2011 Early works completed 12 Second Quarter 2011 Results

A Decade of Building Know-How in FLNG 2001 … 2007 2008 2009 2010 2011 2012 onwards… Internal Field Development Conceptual Project Execution for Clients Planning Studies 1 FLNG Development with Shell under Generic Prelude Prelude 15 year frame agreement FEED FEED Progressive EPC 2 Petrobras FLNG Development with Petrobras FEED 3 Petronas FLNG Development with Petronas FEED … … 13 Second Quarter 2011 Results

Growing Subsea Backlog around Technology € million (not audited) � Pipe-in-Pipe 4,000 3,630 3,496 3,477 3,500 3,111 � Smoothbore 3,053 3,000 2,719 2,688 2,500 � Integrated Production Bundle (IPB) 1,860 2,000 1,500 � Ultra Deep Water: 3,000m water depth 1,000 flexible pipe 500 � Steel Tube Umbilical 0 2004 2005 2006 2007 2008 2009 2010 2Q11 Backlog above previous peak 14 Second Quarter 2011 Results

Growing Backlog Towards Gas € million (not audited) Backlog across segments Backlog market split as of June 30, 2011 9,413 9,390 9,228 Other 8,018 3% Petrochems Deepwater 7,208 >1,000 meters Onshore 5% 57% 54% 46% 23% 56% 45% Refining / Heavy Oil 29% €9,413 16% million Offshore 6% 6% 12% 6% 26% Subsea 37% 38% 49% 34% 39% 14% Shallow Water Gas / LNG / FLNG 2007 2008 2009 2010 2Q 2011 15 Second Quarter 2011 Results

Business Environment North America North Sea � Tendering turning to awards � Activity in Canadian oil sands � High level of activity � Some opportunities in US onshore Europe Gulf of Mexico � Onshore very slow Middle East � Increasing focus on � Steady momentum � Downstream strategic investments renewable energies � Better visibility on projects continue across the region � Spar prospects � Growing brownfield activities Latin America Africa Asia Pacific � Several onshore/offshore � Political uncertainty in projects moving forward gradually North Africa pushing back � Strong momentum in gas- awards related projects � Continued tendering � Investment in refining, Brazil across the Gulf of Guinea petrochemicals and � Active flexible pipes tendering for fertilizers both pre-salt and conventional � Promising market for fields flexible pipe & umbilical � Continuous focus on logistics & solutions local content � Expanding onshore opportunities � PLSV tender ongoing 16 Second Quarter 2011 Results

Backlog Visibility (1) € million (not audited) Subsea Offshore Onshore Group 2011 1,313.3 413.8 1,529.9 3,257.0 (6 months) 2012 1,643.7 629.8 2,109.3 4,382.8 2013+ 673.0 439.7 660.2 1,772.9 Total 3,630.0 1,483.3 4,299.4 9,412.7 (1) Backlog Estimated Scheduling as of June 30, 2011 17 Second Quarter 2011 Results

(1) Improved 2011 Full Year Outlook � Group revenue around €6,500 - 6,700 million: unchanged � Subsea revenue around €2,600 - 2,700 million: unchanged (2) between 16.5% and 17.0%: � Subsea operating margin formerly above 15% (2) between 6.5% and � Onshore/Offshore combined operating margin 7.0%: formerly between 6.0% and 6.5% (1) at current exchange rates (2) from recurring activities 18 18 Second Quarter 2011 Results

Technip’s Share information ISIN: FR0000131708 Bloomberg: TEC FP Reuters: TECF.PA SEDOL: 4874160 OTC ADR ISIN: US8785462099 ADR: TKPPK 19 Second Quarter 2011 Results

Technip has a sponsored Level 1 ADR Bloomberg ticker: TKPPY CUSIP: 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.com ADR website: www.adr.db.com Depositary bank’s local custodian: Deutsche Bank Amsterdam 20 Second Quarter 2011 Results