Third Quarter 2012 Results Paris, October 25, 2012
Safe Harbor T his presentation contains both historical and forward-looking statements. These forward-looking statements are not based on historical facts, but rather reflect our current expectations concerning future results and events and generally may be identified by the use of forward-looking words such as “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 statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from the anticipated results, performance or achievements expressed or implied by these forward-looking statements. Risks that could cause actual results to differ materially from the results anticipated in the forward-looking statements include, among other things: our ability to successfully continue to originate and execute large services contracts, and construction and project risks generally; the level of production-related capital expenditure in the oil and gas industry as well as other industries; currency fluctuations; interest rate fluctuations; raw material, especially steel as well as 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 in tax legislation, rules, regulation or enforcement; intensified price pressure by our competitors; severe weather conditions; our ability to successfully keep pace with technology changes; our ability to attract and retain qualified personnel; the evolution, interpretation and uniform application and enforcement 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; the fact that our operations may cause the discharge of hazardous substances, leading to significant environmental remediation costs; our ability to manage 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 from those expressed in our forward-looking statements. These factors are not necessarily all of the important factors that could cause our actual results to differ materially from those expressed in any of our forward-looking statements. Other unknown or unpredictable factors also could have material adverse effects on our future results. The forward-looking statements included in this release are made only as of the date of this release. We cannot assure you that projected results or events will be achieved. We do not intend, and do not assume any obligation to update any industry information or forward looking information set forth in this release to reflect subsequent events or circumstances. **** 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 this presentation 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, in whole 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 of other jurisdictions. 2
Contents 1. 3Q 2012 Operational & Financial Highlights 2. Progress on Strategy and Outlook 3
1. 3Q 2012 Operational & Financial Highlights 4
3Q 2012 Subsea Order Intake € million Order intake 1,336 � Key contracts across regions & technologies 1,224 1,127 � Dalmatian deepwater pipe-in-pipe, Gulf of Mexico � Flexible supply, Angola, Brazil & Asia Pacific � Greater Stella field development, UK � Gullfaks South pipe-in-pipe, Norway 3Q 11 2Q 12 3Q 12 � 5-year Inspection, Repair and Maintenance frame agreement, UK Backlog 6,120 5,963 4,066 3Q 11 2Q 12 3Q 12 5
3Q 2012 Onshore/Offshore Order Intake € million Order intake � EPC contracts 1,624 � Ethylene XXI, Mexico 1,225 1,180 � Upper Zakum 750K phase 1, UAE � Services contracts � Ichthys offshore facilities commissioning, Australia 3Q 11 2Q 12 3Q 12 � ROGC ethylene cracker license and engineering Backlog services, India � Pavlodar & Shymkent refineries FEEDs, Kazakhstan 7,399 6,761 6,053 � Offshore field engineering services, Australia, Norway & Brazil 3Q 11 2Q 12 3Q 12 6
3Q 2012 Subsea Operations € million � Offshore main operations completed Revenue � Hyme, Norway 1,075 � Liuhua 11-1, China 754 � Normand Progress LTC 1 , Brazil � Main ongoing projects � BC-10 phase 2, Brazil 3Q 11 3Q 12 � Goliat, Barents Sea Operating Income 2 � Jubilee phase 1A, Ghana � Liwan shallow water, China 163 16.9% 15.1% 128 � Mariscal Sucre, Venezuela � Vigdis, Norway � Overall group vessel utilization 3Q 11 3Q 12 3Q 11 3Q 12 rate: 77% (1) Long Term Charter (2) from recurring activities 7
3Q 2012 Onshore/Offshore Operations € million � Upstream Revenue � Asab 3, UAE 1,011 944 � Ichtys FPSO, Australia � Lucius Spar, Gulf of Mexico � Gas, LNG & FLNG 3Q 11 3Q 12 � PMP, Qatar � Prelude FLNG, Australia Operating Income 1 � FLNG studies 71 7.1% 7.1% 67 � Downstream � Burgas, Bulgaria � Elastomer complex, Thailand 3Q 11 3Q 12 3Q 11 3Q 12 � Jubail, Saudi Arabia (1) from recurring activities 8
Group Financial Highlights € million 3Q 11 3Q 12 � +23% year-on-year Revenue 1,698.6 2,085.9 EBITDA 1 217.9 269.1 EBITDA margin 12.8% 12.9% Operating Income 2 � +19% year-on-year 180.9 215.2 Operating Margin 2 10.6% 10.3% � Acquisition costs 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% � +21% year-on-year Net Income 121.0 146.3 1 calculated as operating income from recurring activities before depreciation and amortization 2 from recurring activities 9
Net Cash Position € million 3 Months Capital Expenditure Net Cash Position as of June 30, 2012 252.0 ~ 500 Cash Generated from / (Used in) Operations 252.5 357 Change in Working Capital Requirements (23.5) 4Q 110 139 Capital Expenditures (109.6) 3Q Acquisitions of Stone & Webster Process 152 107 (229.0) Technologies 2Q 64 Other including FX Impacts 41.1 96 48 1Q Net Cash Position as of September 30, 2012 183.5 2011 2012 10
Business Environment North Sea � High level of subsea awards continues North America � Step change in size and complexity of � Upswing in US Gulf of Mexico offshore developments � Increase in platform activity � Increasing activity in Mexico � US shale gas driving onshore Middle East downstream investments � Sustained volume of activity � Good opportunities offshore & downstream Africa � New discoveries to drive Asia Pacific future onshore & offshore � Australian gas projects Latin America developments, incl. in continue to progress � Good visibility in Brazil with new areas � GDP growth drives ramp-up of pre-salt � Project timing remains refining, petrochemicals developments uncertain and fertilizer investments � Downstream and some offshore prospects across countries 11 11
Backlog Visibility 1 € 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 1 Backlog estimated scheduling as of September 30, 2012 12
2. Progress on Strategy and Outlook 13
Worldwide Organization Dedicated to Downstream Technologies Milton Keynes Zoetermeer Cambridge Beijing Claremont Paris Rome Houston Abu Dhabi Mumbai Kuala Lumpur / Singapore Operating centers Sales offices Associated operating centers � Technip Stone & Webster Process Technology � Team of ~1,200 people with specialists from both companies � Cutting edge technologies in refining, hydrogen, ethylene, petrochemicals & GTL � ~€400 million of revenue on a pro forma basis � Why � Reinforce Technip’s position as a technology provider to the downstream industry, with positive feedback from clients � Additional revenue streams from enhanced technology and high-end proprietary solutions � Strengthened commercial relationship with clients at early stages of projects 14
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