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Photos: Technip Photo library, Jean Gaumy/Magnum, Harry Gruyaert/Magnum, Patrick Zachmann/Magnum, all rights reserved

2010 Fourth Quarter and Full Year Results

February 17, 2011

Contents
I. II. III. IV. 2010 Year in Review 2010 Financial Highlights Outlook Annex

Full Year 2010 Results

II. I.

2010 Year in Review

Full Year 2010 Results

2010 Key Achievements

Good execution drove 10.2% Group operating margin Backlog increased by 1.2 billion to 9.2 billion Reinforced strategic investments and R&D Net cash of 1.3 billion

Recommend dividend increase by 0.10 to 1.45 per share

Full Year 2010 Results

2010 Major Projects Delivered to Clients


Subsea Cascade & Chinook in the Gulf of Mexico Jubilee in Ghana Tupi gas export pipeline in Brazil Talisman Auk & Burghley in the North Sea

Onshore/Offshore Last LNG trains in Qatar and Yemen Last train of Khursaniyah gas plant, Saudi Arabia Dung Quat refinery, Vietnam Gdansk refinery, Poland Biodiesel plant, Singapore Lower Zakum gas processing platform, UAE P-51 semi-sub & FLNG FEED, Brazil

Strong execution drove profitability


Full Year 2010 Results

Well-Diversified Portfolio of New Contracts 2010


Strategic FEEDs / Services Project Cienfuegos Refinery Prelude FLNG Petronas FLNG Logistic support contracts MWCS Client PDVSA / Cupet Shell Petronas Petrobras 5 IOCs* Flagship / Large Client Qatargas 1 Sonatrach Statoil Total Petrobras Petrobras Country Latin America Australia Malaysia Brazil Gulf of Mexico Project Mc Kee & Memphis Visakh refinery Block 1 Gas Development DCU Macedon KJO Country Qatar Algeria Norway UK Brazil Brazil Mariscal Sucre Jack St. Malo Devenick Several Frame Agreements Clov Umbilicals BC10 phase 2 WDDM Phase 8a Diversified / Medium-sized Client Valero HPCL Petronas CNRL BHP Khafji Joint Operations PDVSA Chevron BP BP, BG, Statoil Acergy Shell Burullus Country USA India Turkmenistan Canada Australia Neutral Zone between Saudi Arabia and Kuwait Venezuela Gulf of Mexico UK North Sea Angola Brazil Egypt

Project PMP Algiers Refinery Marulk Islay Tupi Pilot IPB Papa-Terra

*IOCs: International Oil Companies


Full Year 2010 Results

Renewed and Growing Backlog


Backlog across segments
million

Recent backlog
9,228 9,228 million 5%

9,390 8,018 7,208

4% 54%
56%

Onshore

57%

45%

35% 56% 12%

Offshore

6%

6% 6%

Subsea

37%

49%

38%

34% 2007 2009 2010

2007

2008

2009

2010

2008

Full Year 2010 Results

Continued Strategic Investments


million Net R&D expenditure* 54 42 45 57
1st IPB** flexible in Brazil: Papa-Terra

2010 key achievements

1st Reeled heated pipe-in-pipe: Islay

2007

2008

2009

2010

Brazilian built flexlay vessel: Skandi Niteroi

Capex & Investments 401 262 424

504
MHB

2007

2008

2009

2010
Malaysian yard: MHB (Petronas)

*R&D costs supported by Technip, excluding project related R&D costs

**IPB: Integrated Production Bundles, proprietary technology


Full Year 2010 Results

II.

Fourth Quarter Operations & 2010 Financial Highlights

Full Year 2010 Results

Fourth Quarter Subsea Operational Highlights


Successfully completed offshore operations:

Talisman AUK & Burghley in the North Sea Tupi gas export line in Brazil Jubilee in Ghana West Delta Deep Marine phase 7 in Egypt Several works with Skandi Arctic in the North Sea

Offshore operations in progress:

Block 31 and Pazflor in Angola


Asiaflex plant was inaugurated by the Malaysian Prime Minister and initial production started Asset activity

Vessel utilization rate was 76% compared with 81% a year ago Good activity continued at flexible pipe production units Brazilian-flagged Skandi Vitoria successfully completed first offshore operations

Full Year 2010 Results

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Fourth Quarter Onshore/Offshore Operational Highlights


Projects delivered to client:

Last of Qatar LNG trains Gdansk refinery, Poland Lower Zakum gas processing facilities offshore Abu Dhabi Biodiesel plant in Singapore FEED for Brazilian Floating LNG

Pre-commissioning/Commissioning & start-up activities in progress

Pre-commissioning started on Biodiesel plant for Neste Oil in Rotterdam


Work in progress:

Saudi Arabia: Jubail refinery United Arab Emirates: Asab 3 Turkmenistan: Block 1 Gas development Qatar: PMP China: Yinchuan, Ningxia LNG Brazil: P-56 semi-submersible and P-58 / P-62 FPSOs

FEED activities in progress:

Floating LNG FEED for Shell's Prelude field near Australia Gas processing platform for Wheatstone, offshore Australia
Full Year 2010 Results

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Fourth Quarter Order Intake & Backlog Highlights


million

Subsea Order Intake

Order intake
773 440

Backlog
3,053 3,141 3,111

Brazil:
91km gas export pipelines BC10 phase 2 EPCI Charter renewal
720

698

Clov umbilicals, Angola Jack & St. Malo development fields, GoM

1Q 10 2Q 10 3Q 10 4Q 10 Total 2010: 2,631

Dec. 31 2009

Sept. 30 2010

Dec. 31 2010

Order intake

Backlog
4,965 5,361 6,117

Onshore/Offshore Order intake

Algiers refinery, Algeria Offshore EPCM contract in Venezuela Several small and medium-sized projects
notably onshore in Canada and Australia

1,774 897 749 906

1Q 10 2Q 10 3Q 10 4Q 10 Total 2010: 4,326

Dec. 31 Sept. 30 2010 2009

Dec. 31 2010

Full Year 2010 Results

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Full Year Financial Performance


million (audited)

Subsea
Revenue
2,866 2,732
(5)%

Onshore/Offshore
Revenue
3,590 3,350
(7)%

FY 09

FY 10

FY 09

FY 10

Operating income*
533 457
(14)%

Operating income*
6%
+85bp

19%

17%
(187)bp

191

207
+8%

5%

FY 09

FY 10

FY 09

FY 10

FY 09

FY 10

FY 09

FY 10

* from recurring activities


Full Year 2010 Results

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Full Year 2010 Group Financial Highlights


million

FY 09 6,456.0 900.8
EBITDA margin 14.0%

FY 10 6,081.9 777.3
12.8%

Revenue EBITDA (1) Operating Income (2)


Operating margin (2)

676.7
10.5%

620.3
10.2% Operating Profitability above

Other Operating Income (3) Financial Result Income of Equity Affiliates

(247.5) (60.7) 4.7

(5.6)

10% for the second year running

(20.1) Lower IFRS impacts -

Profit Before Tax


Income Tax Minority Interests

373.2
(194.7) (8.1)

594.6 Lower one-off charges


(179.4) 30.2% effective tax rate 2.4

Net Income Diluted EPS () Dividend per share ()

170.4 1.59 1.35

417.6 3.81 1.45 + 0.10

(1) calculated as operating income from recurring activities before depreciation and amortization (2) from recurring activities (3) 2009 included 245m exceptional provision for TSKJ matter

Full Year 2010 Results

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Net Cash Flow Statement


million

12 months 1,783.6 539.2 (500.9) (388.9) (114.7) (143.6) 157.6 1,332.3


901.8 450.5 Short-term debt was refinanced to 5 & 10 year maturities MHB investment 2009 dividend per share: 1.35 Includes 174 million TSKJ payments

Net Cash as of December 31, 2009 Operating Cash Flow Change in Working Capital Capex Share Acquisitions Dividend Payment Others Net Cash as of December 31, 2010
Increase in Gross Debt Increase in Gross Cash

Full Year 2010 Results

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III. II.

Outlook

Full Year 2010 Results

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Todays View: 2011 Business Environment


North Sea North America Some activity in Canadian oil sands Limited opportunities in US onshore Positive trend continues Tendering turning to awards Europe Onshore very slow Increasing focus on renewable energies Middle East Strategic investments continue across region including offshore Weighted towards Saudi Arabia

Gulf of Mexico Momentum in major projects limited by drilling permits

Latin America Several onshore/offshore projects moving forward Brazil Non pre-salt work active Flexible pipe technologies used for both pre-salt & traditional fields Strong focus on logistics & local content High level of tendering for projects & assets Onshore opportunities

Africa Political uncertainty in North Africa Continued tendering across the Gulf of Guinea India/Asia Pacific Investment in refining and petrochemicals Promising market for flexible pipe & umbilical solutions Strong momentum in gasrelated projects

Full Year 2010 Results

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2011: Focus on Sustainable & Profitable Growth


Strategic Priorities 2011 YTD Key Initiatives
Capitalize on worldwide footprint

Balanced, profitable backlog

Key differentiating assets

New high-end flexible manufacturing plant in Brazil

Local content Investment in wind turbine technology Reinforcing steel tubes umbilicals capability Dedicated flexlay vessel for Asian market

Technology

Vertical integration

Execution capability

Full Year 2010 Results

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Four New Growth Initiatives for 2011

1. Expansion of steel tube umbilicals capability 2. Dedicated newbuild flexlay vessel for Asian market 3. High-end flexible manufacturing in Brazil 4. Strategic foothold in offshore wind market

Newcastle (North Sea)

Houston (GoM)

Lobito (West Africa)

Asiaflex (Asia Pacific)

1. Technips Umbilicals capacity

2. Newbuilt vessel for Asian market

Full Year 2010 Results

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3. Expansion of Brazil Manufacturing Footprint


Buoyancy can FSHR(2), Technip's hybrid system

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Infield lines

Export lines

Flexible riser & jumper Flexible flowline IPB flexible pipe


IPB(1)

Rigid riser/flowline/export
(1): Integrated Production Bundle (2): Free Standing Hybrid Riser
Full Year 2010 Results

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4. Strategic Foothold in Offshore Wind

Technips priorities

Leverage Technip's engineering, project management expertise and installation know-how Develop skills & assets, plus relevant partnerships Initial focus on European market

Hywind project: 2009


World's first full-scale floating wind turbine

Subocean acquisition: 2011


UK-based subsea wind cableinstallation company

Vertiwind project: 2011


R&D program on vertical-axis floating wind turbine

Full Year 2010 Results

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Technips Backlog by Geography and Activity


By Geography
Europe / Russia Central Asia 24% 18%

Market Split
Petrochems 7% 21% Other (1%) Deepwater
>1,000 meters

Americas

Asia Pacific

8%

18%

Africa Refining / Heavy Oil

35% 25% 11% Gas / LNG Shallow Water

32% Middle East

Current business is diversified across key growth markets

Full Year 2010 Results

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Solid, Profitable Backlog with Good Visibility

million (not audited)

Subsea 2011 2012 2013+ Total


2,159.2 600.8 350.7 3,110.7

Offshore
505.0 522.9 103.0 1,130.9

Onshore
2,561.6 1,918.5 506.2 4,986.3

Group
5,225.8 3,042.2 959.9 9,227.9

Full Year 2010 Results

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2011 Full Year Outlook*


Improved visibility in the last three months allows us to revise our initial view upwards: Group revenue around 6.5 - 6.7 billion

Subsea revenue around 2.6 - 2.7 billion

Subsea operating margin above 15%

Onshore/Offshore combined operating margin between 6.0% and 6.5%


*at current exchange rate

Full Year 2010 Results

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IV. II.

Annex

Full Year 2010 Results

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Group Balance Sheet


Dec. 31, 2009 3,646.0 158.0 2,109.7 2,656.3 8,570.0 2,717.1 975.6 872.7 4,004.6 8,570.0 Dec. 31, 2010 4,146.0 378.6 2,591.7 3,105.7 10,222.0 3,202.1 694.9 1,773.4 4,551.6 10,222.0

million (audited)

Fixed Assets Construction Contracts Other Assets Cash & Cash Equivalents Total Assets Shareholders Equity (including minority interests) Construction Contracts Financial Debt Other Liabilities Total Shareholders Equity and Liabilities

Full Year 2010 Results

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Subsea Fourth Quarter Figures


million

Revenue 656 714 +9%


4Q 09 4Q 10

Operating income* 154 165 +6.9%


4Q 09 4Q 10 4Q 09 4Q 10

18.1% 16.2%

Margin (195)bp

* from recurring activities


Full Year 2010 Results

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Onshore Fourth Quarter Figures

million

Revenue 653 804 +23%

4Q 09 4Q 10

Operating income* 47 57 7.1% 7.0%

4Q 09 4Q 10

4Q 09 4Q 10

* from recurring activities


Full Year 2010 Results

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Offshore Fourth Quarter Figures

million

Revenue 249 135


4Q 09 4Q 10

+85%

Operating income* 6 4.1% 5 2.1%


4Q 09 4Q 10

4Q 09 4Q 10

* from recurring activities


Full Year 2010 Results

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Technip Today

Full Year 2010 Results

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Bringing Innovative Solutions to Clients in 3 Segments


Subsea
TPG 500 Unideck

Offshore
Semi-submersible Spar EDP FPSO/FLNG

Onshore

Worldwide leadership Unique vertical integration



Design & Project Management Manufacturing & Spooling Installation R&D

Innovative engineering capabilities Proprietary platform design Proven track record in engineering & construction

Strong reputation with customers & business partners Project execution expertise High added-value process know-how

First class assets and technologies

Manufacturing plants High performing vessels Advanced rigid & flexible pipes

Full Year 2010 Results

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Two Complementary Business Models Driving Financial Structure and Performance


Subsea Offshore/Onshore
X Negative working capital X Capital intensive: fleet and manufacturing units X Vertical integration from engineering to manufacturing & construction
Operating Income* million Operating Margin*

X Negative capital employed: low fixed assets X High degree of outsourcing & sub-contracting
Combined Operating Income* million Combined Operating Margin*

533

457

18.6%

16.7%

191

207 5.3% 6.2%

FY 09 FY 10

FY 09 FY 10

FY 09 FY 10

FY 09

FY 10

* from recurring activities


Full Year 2010 Results

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Technips Worldwide Presence


Seven Empowered Regions

Calgary

Los Angeles

Houston
Monterrey

Orkanger Pori Evanton Oslo St. Petersburg Aberdeen Stavanger Newcastle The Hague London St. Johns Dsseldorf Le Trait Paris Lyon Rome Baku Barcelona Athens

Abu Dhabi
Doha Mumbai Chennai Caracas Lagos Bogota Dande Luanda Lobito Vitria Rio de Janeiro Angra Porto Perth Port Harcourt Kuala Lumpur Singapore Jakarta New Delhi

Shanghai

Bangkok Tanjung Langsat (operational in 2010) Balikpapan

Regional Headquarters / Operating centers


Manufacturing plants (flexible pipelines) Manufacturing plants (umbilicals) Construction yard Services base Spoolbases
Full Year 2010 Results

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Large Diversified Customer Base Balanced Between National Oil Companies and International Oil Companies

Full Year 2010 Results

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Seamless Execution Subsea, a Unique Vertically Integrated Business Model


1 R&D Design & Project Management
Strategic locations Paris Aberdeen Oslo Houston Kuala Lumpur Perth Rio de Janeiro

World-class R&D facilities Le Trait (France) Aberdeen (UK) Newcastle (UK) Rio & Vitoria (Brazil)

Close to production sites Proprietary technology

Dedicated engineering teams around the world

Installation

Manufacture & Fabricate


Flexible plants: France, Brazil, Malaysia Rigid spoolbases: UK, Norway, USA, Angola Logistic bases: Brazil Umbilical plants: UK, USA, Angola
Full Year 2010 Results

State-of-the-art fleet designed to: Install pipes Heavy construction Diving support

Manufacturing plants on all continents

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High Performing Fleet

Pipelay Vessels
Deep Blue Apache II Deep Energy

3 units

Heavy Construction Vessels (HCV)


Deep Pioneer Deep Constructor Sunrise 2000 Skandi Vitoria Skandi Niteroi

5 units 2 major vessel upgrades


Alliance Seamec 1 Seamec 2 Orelia Seamec Princess

Diving Support Vessels (DSV)

2 new assets 10 units


Wellservicer Venturer Seamec 3 Skandi Arctic Skandi Achiever

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Jubilee, an Example of a Seamless Project Execution

Fabrication of flexible pipes at Le Trait

Houston

Coordinated Engineering teams from the Subsea Division

Le Trait Paris

Jubilee First offshore field Engineering,


developed in Ghana Fabrication and Installation projects involving Technips centers in:

Ghana

Paris, Houston, Angola Fabrication of flexible


pipes in Le Trait, France

Mobilization of
Multi vessel installation (incl. Deep Blue & Deep Pioneer) Angola

Deep Blue and Deep Pioneer for offshore campaign

Full Year 2010 Results

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Technips Asia Pacific Regional Hub


Enhance local content and client proximity
Technips priorities

Provide proven technology, world class engineering and execution Reinforce regional capability: Onshore/Offshore/Subsea
Technip in Asia Pacific 3,750 people Founded in 1982
Shanghai

Asiaflex 1st and only Asian flexible/umbilical manufacturing plant Offshore logistic base Dedicated local installation capacity

Investment in MHB Major fabrication yard in South East Asia Centrally located Strong platform fabrication track record Support from MISC/PETRONAS Collaboration agreement to provide EPCI capability and technology to PETRONAS

Bangkok

Kuala Lumpur
Singapore Balikpapan Jakarta

Perth

Technips Operating Centers Flexible/Umbilical manufacturing plant MHBs yard

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State-of-the-Art Technology in all Business Segments


Subsea Offshore Onshore

Unrivalled high technological assets

Numerous proprietary technologies and partnerships with licensors Cryogenic Rigid Pipe-in-Pipe Ethylene Increased Efficiency

Ultra Deepwater
3,000m (7- 11) Flexible Pipes

Flow-Assurance
Heated and monitored Flexible Pipes Heated Rigid Pipe-in-Pipe

Design,
manufacture & qualify flexible pipes for 3,000 m water depth

Integration of gas
lift tubes, electrical cables or optic fibers in the production riser

New Electrical
Trace Heating technology qualified by major clients

LNG unloading/
long distance applications

Increasing
ethylene and refining efficiency

Full Year 2010 Results

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Reeled Heated Pipe-in-Pipe

Technips ETH* technology


Flow assurance: heated pipe-in-pipe
Fibre optic temperature monitoring Fast installation: reeled pipe-in-pipe Built-in directly onshore, at our spoolbases Higher insulation efficiency: lower power requirements
*ETH: Electrical Trace Heating

Islay Project, UK North Sea


6 km tie-back in 122 meters of water
Major challenge: hydrates formation EPCI project, valued in excess of 60 million Offshore deployment in mid-2011 with Technips fleet

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FLNG1, an Innovative Solution for our Customers

Synergies of Technips broad ranging strengths in all three business segments

FLNG is a commercially attractive and environmentally sensitive approach for offshore gas fields in remote locations Technips unique combination of skills and technology: LNG process Offshore facilities Subsea infrastructures Shell: 15 year master agreement Petrobras FEED awarded at the end of 2009

1,476 x 230 feet, (450 x 75 meters), 3.5 mtpa LNG capacity

1: Floating Liquified Natural Gas


Full Year 2010 Results

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Shareholding Structure, December 2010


North America

24.8%
UK & Ireland

Employees

2.2% 12.3%
Treasury Shares

2.7%
Institutional Investors 81.7% Others

4.6%
Individual shareholders

Rest of World

18.9%
IFP FSI French Institutional Investors

6.1% 2.7%

20.3%

5.4%

Listed on NYSE Euronext Paris

Source: IPREO December 2010


Full Year 2010 Results

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