Building Solutions for the Energy Industry Thierry Pilenko, - - PowerPoint PPT Presentation

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Building Solutions for the Energy Industry Thierry Pilenko, - - PowerPoint PPT Presentation

Building Solutions for the Energy Industry Thierry Pilenko, Chairman and CEO September 4, 2013 Safe Harbor T his presentation contains both historical and forward-looking statements. These forward-looking statements are not based on historical


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SLIDE 1

Thierry Pilenko, Chairman and CEO

September 4, 2013

Building Solutions for the Energy Industry

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SLIDE 2

Second Quarter 2013 Results 2

Safe Harbor

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

  • ther 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

  • r 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.

T

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3

A World Leader Bringing Innovative Solutions to the Energy Industry

A world leader in project management, engineering and construction for oil & gas, chemicals and energy companies Revenues driven by services provided to clients Onshore/Offshore and Subsea Around 38,000 people in 48 countries 2012 Revenues: €8.2 billion; Operating margin(1) of 10% for the 4th year

(1) From recurring activities

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SLIDE 4

National Oil Companies International Oil Companies

Diversified & Balanced Customer Base

4 Second Quarter 2013 Results

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SLIDE 5

4.9 8.5 7.6 5.9 3.7 4.9 6.1 6.0 6.7 6.7 7.4 8.2 8.0 7.8 1.9 2.7 2.7 3.5 3.5 3.1 3.1 4.4 5.6 6.0 6.1 6.0 6.8 7.4

Dec 2004 Dec 2005 Dec 2006 Dec 2007 Dec 2008 Dec 2009 Dec 2010 Dec 2011 Mar 2012 Jun 2012 Sep 2012 Dec 2012 Mar 2013 Jun 2013

ONSHORE/OFFSHORE SUBSEA

5

Backlog History

€ billion

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SLIDE 6

Backlog Analysis

(1) Includes offshore platforms and subsea projects

Backlog by Geography

Asia Pacific Middle East Europe / Russia Central Asia Africa Americas

Backlog by Market Split

Petrochems Others Refining / Heavy Oil Gas / LNG / FLNG Shallow Water(1) Deepwater(1) >1,000 meters

6 Second Quarter 2013 Results

Backlog as of: December 2006: €10.3 billion December 2012: €14.3 billion June 2013: €15.2 billion

9% 30% 27% 12% 21% 20% 18% 29% 28% 48% 11% 8% 13% 9% 17% Dec 2006 Dec 2012 June 2013 23% 18% 30% 11% 42% 37% 37% 12% 9% 12% 14% 11% 16% 12% 10% 1% 2% 3% Dec 2006 Dec 2012 June 2013

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7

2013 Full Year Objectives Maintained

(1)

Group revenue growing 11% to 16% to between €9.1 and €9.5 billion Subsea revenue growing to between €4.3 and 4.6 billion, with operating margin(2) around 15% Onshore/Offshore revenue growing to between €4.7 and €5.1 billion, with operating margin(2) between 6% and 7%

(1) year-to-date exchange rates (2) from recurring activities

Second Quarter 2013 Results

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SLIDE 8

A World Leader Bringing Innovative Solutions to the Oil & Gas Industry

Onshore/Offshore

Proven track record with customers & business partners Engineering & construction Project execution expertise Early involvement through conceptual studies and FEEDs Knowhow High added-value process skills Proprietary platform design Own technologies combined with close relationship with licensors Low capital intensity Worldwide leadership Unique vertical integration R&D Design & Project Management Manufacturing & Spooling Installation First class assets and technologies Technologically Advanced Manufacturing plants High performing vessels Advanced rigid & flexible pipes Very broad execution capabilities

Subsea

8 Second Quarter 2013 Results

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9

Global Business with Unique Multi-Local Footprint…

Kuala Lumpur Vitória Dande Lobito Port Harcourt Evanton Newcastle Pori Le Trait 5 Spoolbases 4 Flexible pipeline plants 4 Umbilical plants 1 Construction yard Tanjung Langsat Orkanger 4 Logistic bases Angra Porto Macaé Batam Mobile Carlyss Açu (under construction) Flexible-Lay & Construction Rigid Reel-Lay & J-Lay Rigid S-Lay and Heavy Lift Diving & Multi-Support Vessels 4,800 people Founded in 1978 North Sea 3,900 people Founded in 1971 North America 4,300 people Founded in 1977 Latin America 2,500 people Founded in 1984 Middle East 750 people Founded in 1995 Africa 8,900 people Founded in 1982 Asia Pacific 8,900 people Founded in 1958 Europe

x15 x4 x4 x13

Houston

Second Quarter 2013 Results

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…Supporting Early Involvement in Projects

10

Aberdeen Paris Mumbai Kuala Lumpur Perth Trinidad Rome London Abu Dhabi Beijing Genesis Regional Headquarters / Operating centers Oslo Singapore Houston Claremont Cambridge

Milton Keynes Zoetermeer

Stavanger

Tunis

Rio de Janeiro Process Technologies Regional Headquarters / Operating centers Genesis & Process Technologies Regional Headquarters / Operating centers Brisbane

Second Quarter 2013 Results

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Technip E&C Activities

Early Involvement Improves Likelihood of Successful Project Development and Execution

11

ASSESS CONCEPT SELECTION FEED EPC OPERATE DECOM CREATE

Subsea / Offshore

LICENSE PROCESS DESIGN FEED EPC TECHNICAL ASSISTANCE DEVELOP

Onshore

Field Development Planning through: Safety & environmental assessment Capex/Opex estimates Risk analysis Flow assurance Consultancy to support execution: HSE Risk & integrity management Specialized services Debottlenecking Inspection services Decommissioning studies Early collaborative approach through: Joint‐development of new technologies Licensing Process Design Book Validation process packages Supply of proprietary equipment Project Management Consultancy (PMC) Performance tests Debottlenecking Revamp & Upgrade

CONCEPTUAL START‐UP

Early Engagement

CONCEPT DEFINITION

Second Quarter 2013 Results

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12

Deeper Understanding from Seabed to Surface

Subsea architects assist clients:

  • Identify solutions from seabed to surface
  • Define scope of work & specifications
  • Evaluate Cost & Schedule
  • Assess risks & contingencies
  • Select fit for purpose options
  • Prepare FEED phase

Second Quarter 2013 Results

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13

New Asset Delivery in 2013: Deep Energy

  • Supports subsea developments in

ultra deep waters (down to 3,000 m)

  • Variety of cranes and winches to support
  • perations in multiple environments
  • 2 x 3,000 m work-class ROVs(1)
  • PLET handling system delivers In-Line

Trees, Riser Base Gas Lift Skids, and Riser Hang Off Flex Joints

  • Handles rigid pipes up to 18”, flexible

pipes up to 24” and umbilicals in water depths up to 3,000 m

One of the largest and fastest pipelay vessels ever built

(1) ROV: Remotely operated vehicle (2) Length: 194,5 meters, Speed: 20 knots, Accomodation: 140 people

Deep Energy (2)

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New Asset Delivery in 2013: Deep Orient

  • Capable of laying flexible pipe &

umbilicals in water down to 2,300 m

  • Designed to remain stable in a range
  • f loaded conditions, maximizing

workability and that of the crane

  • 2 work class ROVs(1)
  • 250 T active heave-compensated /

constant tension crane enables the vessel to lift and install with pin-point accuracy

  • Large deck space (>1,900 m2) for
  • perations in remote locations

Ideal for subsea construction and long distance flexible pipelay projects in remote locations

Deep Orient (2)

(1) ROV: Remotely operated vehicle (2) Length: 135,65 meters, Speed: 13 knots, Accomodation: 120 people

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15

Investing in Key Differentiating Assets: Long Term Charter Flexible Pipe Lay Vessels

(1) laying capacities

)

4 Flexible Pipe Lay Vessels to be built by the Technip/DOF JV World’s largest: two 650 ton to be built in Norway(1) National content: two 300 ton to be built in Brazil(1)

Second Quarter 2013 Results

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16

Açuflex in Brazil

New Asset Delivery in 2013: Açu Plant

One of the most technologically advanced plants ever built

  • High-end flexible manufacturing plant

dedicated to pre-salt development

  • Expanding Brazil’s national content
  • High-tech large diameter flexible pipes
  • 3000 metres Water Depth Flexibles for

New Frontiers

  • Initial start-up at end of 2013
  • Plant construction & machinery delivery
  • n-going and on time
  • >150 employees gaining experience at

Vitória Açu plant in Brazil

  • High-end flexible manufacturing plant

dedicated to pre-salt development

  • High-tech large diameter flexible pipes
  • 3,000 meters water depth for new frontiers
  • Expanding Brazil’s national content
  • Initial start-up at end of 2013
  • Plant construction & machinery delivery
  • n-going and on time
  • >150 employees gaining experience at

Vitória

Second Quarter 2013 Results

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SLIDE 17

Innovative Flexible Pipe Solutions:

Challenging Reservoirs & Ultra Deepwater Developments

17

Anti H2S layer

Cost effective solution for highly corrosive fluids

Integrated Production Bundle

Multi service pipe: production, gas lift, power, heating, monitoring and chemical injection

Carbon fiber armor flexible pipe

Lighter and stronger material with excellent corrosion and fatigue performances

Pre-salt large diameter flexible pipe

Deepwater, large diameters, high pressure, strong corrosion performances

Smoothbore riser

Internal layer designed to eliminate noise and vibration for dry gas risers Top tension reduction by up to 35%1 relative to sour service Improve flow assurance Reduce pipelay vessel capacity requirements Guara & Lula Nordeste: 2,250m water depth, 552 bars Ensure riser and topside integrity, while reducing pressure drop

1 8-inch flexible riser in a water depth of 2,500 meters (design pressure of 350 bars)

Second Quarter 2013 Results

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Offshore Solutions

18 18

Prelude FLNG, Australia

Floating LNG

World’s first references under construction Breakthrough: develop remote gas reserves

Lucius SPAR sail away to Gulf of Mexico

SPAR

Solution for harsh waters 15 delivered out of 17, plus 2 ongoing projects

Second Quarter 2013 Results

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FLNG LNG GTL

Ideal for reserves located far

  • ffshore in deep water

Economically attractive in areas with high onshore construction costs Potential for reduction of overall field development time Development of small fields with relocation Monetize offshore associated gas versus re-injection or flaring High demand for LNG worldwide Marketing flexibility vs pipelines Technology readily available under license with well developed service industry Good returns through long term sales agreements Access to resources for IOC’s Economically attractive with an increasing spread between oil and gas prices Regions close to consumer markets and/or without direct sea access Lower product distribution costs Alternative solution to monetize gas for investors with technology

19

LNG, FLNG & GTL Investment Drivers

Second Quarter Results 2013

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Stone & Webster Process Technologies: Enhanced Portfolio of Downstream Technologies

Natural Gas Refining GTL Hydrogen Ethylene

Business Domains

20

LNG Crude Oil

Cryogenic separation Cooperation with Air Products and Chemicals, Inc. (APCI) Exclusive co-developer of Sasol Fischer Tropsch reactor technology Steam reformer proprietary technology Alliance with Air Products Ammonia technology licensing cooperation with Haldor Topsoe Complementary proprietary technologies with different clients & geographic bases Polyolefins and others Residual Fluid Catalytic Cracking Deep Catalytic Cracking

Technip

Fertilizer Intermediates polymers derivatives

Technologies and Skills

Stone & Webster process technologies and associated oil and gas engineering capabilities

20 Second Quarter 2013 Results

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21

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 Water Sulphur

Oil Field Facilities

  • inc. Shale oil

Gas Field Facilities

  • inc. Shale gas

Offshore Liquefaction Qatar LNG Prelude FLNG, Australia Oryx GTL, Qatar Phu My Fertilizer, Vietnam Gas Processing Khursaniyah, S. Arabia Yansab, Saudi Arabia GTL Coal bed methane

Second Quarter Results 2013

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22

Business Environment

Second Quarter 2013 Results

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SLIDE 23

Solid Fundamentals for Oil & Gas Industry

20 40 60 80 100 120 1990 1995 2000 2005 2010 2015 2020 2025 2030 2035

2015 - 2035 Demand: +13 mb/d Depletion rate 2010 - 2035: ~6%*

Total production:

NGLs Unconventional Biofuel Processing Gains Yet to be Developed Yet to be Found

Estimated Oil Demand

*IEA WEO 2011 - 2012: Depletion rate calculated on average. Depletion is the annual rate at which the remaining recoverable resources of a field or region are being produced.

2015 - 2035 production

  • 37 mb/d on current

produced crude oil reserves +15.5 mb/d of other

  • il-based resources

+34 mb/d of Crude Oil to be developed/found +2.5 mb/d +16 mb/d +18 mb/d +1 mb/d +4 mb/d +8 mb/d

  • 37 mb/d

million barrels per day (mb/d)

Crude Oil

Oil Demand versus Production

Second Quarter 2013 Results 23

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SLIDE 24

24 24

Business Environment

Emerging deeper water prospects GDP growth drives refining, petrochemicals and fertilizer investments New Australian gas projects continue, onshore developments less certain Momentum building in West Africa subsea New discoveries to drive future onshore & offshore developments Africa Upswing in US Gulf of Mexico US shale gas driving downstream investments and LNG FEEDs Upgrades & brownfield prospects North America High level of subsea awards continues Larger & more complex projects Increase in platform activity North Sea Sustained volume of activity Good opportunities offshore, subsea & downstream Middle East Asia Pacific Growing visibility in Brazil with post-salt & pre-salt developments Technology choices & necessary assets Latin America

Second Quarter 2013 Results

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SLIDE 25

Vertical integration

25

Our Strategic Framework

Well diversified, profitable backlog Key differentiating assets Technology National content Execution capability

To Deliver Sustainable & Profitable Growth

Second Quarter 2013 Results

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SLIDE 26

26 Second Quarter 2013 Results

Annex

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SLIDE 27

Revenue grew by 18.1%(1), to €2.4 billion Group Operating margin(2) at 10.0% Net income grew 19.4%(1), to €162.4 million EPS(3) grew 17.8%, to €1.35 per share €15.2 billion backlog, with €2.8 billion order intake Solid margins in both segments First projects completed for Deep Orient vessel Portfolio diversification maintained: Iracema Sul, Brazil: Flexible pipes for the pre-salt Pacific LNG, Canada: Early involvement, know-how intensive P-76 FPSO, Brazil: Engineering & Integration of topsides

27

Second Quarter 2013 Highlights

Financials Achievements

Second Quarter 2013 Results

(1) year-on-year (2) from recurring activities (3) diluted Earning Per Share: 124,410,586 outstanding shares

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28

Second Quarter Order Intake

Subsea

Iracema Sul pre-salt flexible pipes, Brazil South White Rose Extension field, Canada Egina umbilicals & flexible pipes, Nigeria Exxon Mobil Julia EPCI, US Gulf of Mexico Snøhvit CO2 project, Norway

Onshore/Offshore

Bahrein refinery brownfield for third SRU(1) P-76 FPSO, Brazil Pacific LNG FEED, Canada Zhuhai Purified Terephthalic Acid plant, China Yamal LNG, Russia, early works Order intake Backlog

€ million

Order intake Backlog

Second Quarter 2013 Results

1,336 1,926 1,540 2Q 12 1Q 13 2Q 13 1,180 980 1,224 2Q 12 1Q 13 2Q 13

(1)Sulfur Recovery Unit

6,761 7,964 7,830 2Q 12 1Q 13 2Q 13 5,963 6,815 7,355 2Q 12 1Q 13 2Q 13

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29

Second Quarter Subsea Operations

(1) from recurring activities (2) restated

Revenue Operating Income & Margin1 Engineering / Procurement ramp-up

  • n large, new projects

Moho Nord, Congo Sapinhoa flexible pipes supply, Brazil Quad 204, UK Bøyla, Norway Julia, US Gulf of Mexico

2013 offshore operations on-going

Åsgard subsea compression, Norway Golden Eagle, UK Brynhild, Norway GirRI phase 2, Angola Liuhua, China

Vessel utilization rate: 84%

€ million

Second Quarter 2013 Results

147 175 2Q 12 2Q 13

15.0% 15.9%

2Q 12 2Q 13 981 1,103 2Q 12 2Q 13

(2) (2)

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Second Quarter Onshore/Offshore Operations

Revenue Operating Income & Margin1 Upstream

Lucius Spar, US Gulf of Mexico Malikai TLP, Malaysia Upper Zakum EPC 1, Abu Dhabi Aasta Hansteen Spar, Norway

Gas, LNG & FLNG

Petronas FLNG, Malaysia Prelude FLNG, Australia Other FLNG FEEDs, Australia/Asia

Refining

Burgas refinery, Bulgaria Jubail refinery, Saudi Arabia Algiers refinery, Algeria

Petrochemicals

Ikra vinyl plant, Russia Etileno XXI, Mexico

€ million

Second Quarter 2013 Results

1,071 1,321 2Q 12 2Q 13 78 89 2Q 12 2Q 13 7.2% 6.7% 2Q 12 2Q 13

(2) (2)

(1) from recurring activities (2) restated

30

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31

Group Financial Highlights

(1) restated (2) calculated as operating income from recurring activities before depreciation and amortization (3) from recurring activities (4) diluted number of shares: 124,410,586 outstanding shares

+17%

€ million

+19%

Year-on-year change

+14%

2Q 12(1) 2Q 13

Revenue

2,052.2 2,423.6

EBITDA(2)

257.3 294.4

EBITDA Margin

12.5% 12.1%

Operating Income(3)

207.3 242.0

Operating Margin(3)

10.1% 10.0%

Non-Current Operating Result

(3.0)

  • Financial Result

(18.9) (10.7)

Income / (Loss) before Tax

185.4 231.2

Effective Tax Rate

26.3% 29.3%

Net Income

136.0 162.4

Diluted Earning Per Share(4) 1.14 1.35 +18% +18%

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Cash flow

€ million

3 Months Net Cash Position as of March 31, 2013 (90.9) Cash Generated from / (Used in) Operations 257.7 Change in Working Capital Requirements (75.1) Capital Expenditures (170.8)

Dividends paid (186.0)

Other including FX Impacts (6.1) Net Cash Position as of June 30, 2013 (271.2)

Better balance between spending on existing projects and contract advances Strong capex ramp-up of €282 million for 1H13 Dividend amount grew by nearly 8% €17 million share buybacks during 2Q13 and €108 million over the last 12 months

Second Quarter 2013 Results

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Diversified Backlog by Contract Size and Type

€7.4 billion backlog Moho Nord added over €1billion,

  • ur largest project

Next largest projects:

Iracema Sul, Brazil Mariscal Sucre, Venezuela Quad 204, UK

Subsea Onshore & Offshore

€7.8 billion backlog Largest projects:

Prelude FLNG, Australia Etileno XXI, Mexico Martin Linge, Norway Over 15 projects in €100 - 350 million ~70 projects in €10 - 100 million ~15 projects in €100 - 600 million Over 50 projects in €10 - 100 million

Second Quarter 2013 Results

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Backlog Visibility

(1)

(1) Backlog estimated scheduling as of June 30, 2013

Subsea Onshore / Offshore Group

2013 (6 months) 1,938 2,453 4,391 2014 2,485 3,136 5,621 2015 and beyond 2,932 2,241 5,173 Total 7,355 7,830 15,185

€ million

Second Quarter 2013 Results

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35

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 units Vertical integration from engineering to manufacturing & construction Negative capital employed: low fixed assets High degree of outsourcing & sub- contracting

498 603

FY 11 FY 12

16.8% 14.9%

FY 11 FY 12 2Q 13 2Q 13

274 290

FY 11 FY 12

7.1% 7.0%

FY 11 FY 12 € million

Backlog 7,355 Operating Income1 Operating Margin1 7,830 Backlog

Second Quarter 2013 Results

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SLIDE 36

Rigid Reel-lay Rigid J-lay

Subsea Vertical Integration: Customer Support from Concept to Execution

Concept Project Engineering & Procurement Upstream Engineering With Genesis(1)

Pre-FEED(2) and FEED Offshore field development studies Innovative technology solutions for platform and subsea challenges R&D, Proprietary Software & Hardware

Execution Manufacturing

Rigid S-lay P R O J E C T M A N A G E M E N T Flexible risers and flowlines Rigid Pipeline Welding/Spooling Umbilicals

Installation

Flexible-lay Umbilical-lay Associated construction Heavy-lift for Subsea infrastructure Offshore topside installation Support, Diving & Logistics

(1) Genesis Oil & Gas Consultants, a wholly owned subsidiary of Technip (2) FEED: Front End Engineering Design

36 Second Quarter 2013 Results

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SLIDE 37

Delivering Best-for-Project Solutions Through Genesis

Genesis: A wholly owned subsidiary of Technip Provide independent, early phase engineering support to concept selection

Fixed and floating platform configuration and selection Subsea architecture development and component selection

Provide subsea engineering services from FEED through execution and operation

Project management / engineering management Flow assurance Deepwater expertise Subsea production systems Pipelines & risers Risk & integrity management

Over 1,300 dedicated Engineers and Designers

37 Second Quarter 2013 Results

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SLIDE 38

Investment in Key Subsea Assets

38

5 7, incl. 1 under

construction

Plants

2007

New long-term charters

North Sea Giant

18 36, incl. 7 under

construction

Vessels

2007

North Sea Atlantic, delivery in 2014

As of June 30, 2013

Second Quarter 2013 Results

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39

High Performing Fleet

1 As of June 30, 2013 2 Part of 7 vessels under construction

J-Lay Rigid Reel Lay

4 units

Flexible Lay & Construction

15 units

S-Lay Heavy Lift

4 units

Diving Multi Support Vessel

13 units

4 New PLSVs2 Deep Blue Deep Energy Apache II Chickasaw G1201 G1200 Hercules Iroquois Skandi Arctic Skandi Achiever Global Orion Alliance 2 x 550t PLSVs2 Skandi Niteroi & Vitoria Deep Orient

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40

Flexibrás

Vitória, Brazil

Flexi France

Le Trait, France

Asiaflex Products

Tanjung Langsat, Malaysia

Port of Açu

Açu, Brazil

Flexible Pipe Manufacturing Plants

Second Quarter 2013 Results

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SLIDE 41

41

Umbilicals Manufacturing Plants

Duco Inc

Houston, USA

Duco Ltd

Newcastle, UK

Angoflex

Lobito, Angola

Asiaflex Products

Tanjung Langsat, Malaysia

Second Quarter 2013 Results

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SLIDE 42

42

Mobile, Alabama, USA Orkanger, Norway Evanton, UK Dande, Angola Carlyss, Louisiana, USA

Offshore Manufacturing & Logistic Bases

Port of Angra, Brazil

Second Quarter 2013 Results

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SLIDE 43

43

Very Broad Execution Capabilities in Subsea

S-Lay Heavy Lift

Deep-to-shore Deepwater infield lines Ultra-deep water infield lines

(Very high tensions: alliance with Heerema)

Subsea Heavy Lift J-Lay & Reel-Lay J-Lay & Reel-Lay

Second Quarter 2013 Results

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SLIDE 44

Ultra-Deepwater Challenges

Larger developments with contracting interfaces increasingly difficult to manage by operators Increasing use of EPCI contracts requiring extensive project management and execution experience Heavier subsea equipment Vessels with higher lifting/abandonment capacity Deeper water and heavier pipes Vessels with higher tension pipe laying capacities Increasing QHSE1 requirements State‐of‐the‐art vessels and experienced project management required

44

1 Quality, Health, Safety & Environment

Second Quarter 2013 Results

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SLIDE 45

Helping Clients to Develop Ultra-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

45 Second Quarter 2013 Results

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SLIDE 46

Onshore/Offshore Key Markets

46

Petrochemical & Ethylene LNG & GTL Floating LNG Spar Fixed platform

Expertise in Full Range of Offshore Facilities Onshore Downstream Unique Position

FPSO Fertilizer Refining

46 Second Quarter 2013 Results

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SLIDE 47

CP Chem cracker, USA Braskem Comperj petrochemical complex, Brazil Braskem / Idesa Ethylene XXI, Mexico Reliance cracker, India EBSM1: El Dekila Egyptian Polystyrene Prod. Co., Egypt Cumene: Lihuayi Weiyuan Chemical Co. Ltd., China Sasol Uzbekistan GTL, Uzbekistan Sasol Oryx plant, Qatar Resid FCC2: Takreer, UAE DCC2: Petro-Rabigh, Saudi Arabia & IRPC, Thailand McKee & Memphis refineries, USA Petrochina 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 references DCC2: 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

47

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

47 Second Quarter 2013 Results

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SLIDE 48

Engineering & project management centers Flexible/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

48

Asia Pacific: Dedicated Assets for High Potential Market

Perth Bangkok Shanghai Singapore Jakarta Balikpapan Tanjung Langsat

~8,900 people Founded in 1982

Technip in Asia Pacific

1 8.5% participation

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 Orient Asiaflex, Malaysia

Regional Headquarter / Operating centers Logistic base Flexible & umbilical manufacturing plant

Kuala Lumpur New Delhi Mumbai Chennai Seoul Miri Rayong Ho Chi Minh City

As of June 30, 2013

G1201

2 Operating partly in Asia Pacific

Second Quarter 2013 Results

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SLIDE 49

Al-Khobar Doha Abu Dhabi Dubaï Baghdad

Engineering & project management centers Wide range of services: from conceptual and feasibility studies to lump sum turnkey projects Construction methods center & supervision hub

49

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

~2,500 people Founded in 1984

Technip in Middle East

Asab 3, UAE Upper Zakum 750+, UAE

As of June 30, 2013

Second Quarter 2013 Results

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SLIDE 50

Cambridge Weymouth Calgary Los Angeles Monterrey Mexico City Ciudad del Carmen Houston Carlyss Mobile

Regional Headquarter / Operating centers

Engineering & project management centers with Subsea, and Onshore/Offshore capabilities Spoolbases

Mobile, Alabama Carlyss, Lousiana

Umbilical plant

Channelview, Texas

Vessels

50

North America: Solid Reputation With Enhanced Portfolio of Downstream Technologies

Spoolbases Manufacturing plants (umbilicals)

Assets & Activities

Reel-lay tie-backs in the Gulf of Mexico Lucius Spar, Gulf of Mexico BP 10-year spar agreement, Gulf of Mexico Shell subsea engineering frame agreement with Genesis, US & Brazil Recurring activities, US & Mexico

Light reel-lay Inspection, repair & maintenance, diving support & surveys

Key Projects

Chickasaw Deep Blue1

1 Operating partly in the Gulf of Mexico

~3,900 people Founded in 1971

North America

Duco umbilical plant, USA Mobile spoolbase, USA Lucius Spar, Gulf of Mexico Pioneer

As of June 30, 2013

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SLIDE 51

Quad 204, EPCI, UK Islay, ETH-PIP1 EPCI, UK Åsgard Subsea Compression, Norway Åsgard Hot Tap, 1st remote retrofit tee hot-tap operation, Norway Bøyla, PIP2 EPCI, Norway

Aberdeen

  • St. John’s

Evanton London Newcastle Pori Oslo Orkanger Stavanger Haugesund Milton Keynes

Engineering & project management centers Spoolbases

Orkanger, Norway Evanton, UK

Steel tube/thermoplastic umbilical plant

Duco Newcastle, UK

Yard: Pori, Finland, specialized in Spar platforms fabrication Offshore wind: headquarters in Aberdeen, UK Vessels

51

North Sea Canada: Market Leadership in a Growing Market

~4,800 people 1st office founded in 1978

Technip in North Sea Key Projects Assets & Activities

Wellservicer Orelia Alliance Pori, Finland

Spoolbases Construction yard Manufacturing plants (umbilicals) Regional Headquarter / Operating centers

Apache II Skandi Arctic

1 ETH-PIP: Electrically Trace Heated Pipe-In-Pipe 2 PIP: Pipe-In-Pipe

As of June 30, 2013

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SLIDE 52

Regional Headquarter / Operating centers

Brazil: Building upon Solid & Profitable Business

52 Port of Angra Macaé Açu Vitoria

Rio de Janeiro

Wide range of assets: High-end manufacturing plants: Flexibras and Açu (world’s most technologically advanced plant) Nine Flexible Pipelay vessels (PLSVs) on long- term charters including under construction:

two 650 ton: Norway two 300 ton: Brazil two 550 ton: Korea

Commitment to R&D: taking pre-salt development further Vertical integration: providing supply chain & logistic solutions

Differentiating Assets & Activities

Iracema Sul, Sapinhoá & Lula Nordeste Flexible pipe supply for ultra-deep pre-salt development Strengthening capacity to serve fast growing Brazilian subsea market P-76 FPSO Papa Terra Integrated Production Bundle

Key Projects & Awards

Flexibras, Brazil

~4,300 People Founded in 1977 Exceed national content requirements Operational discipline Flexible supply expertise

Technip in Brazil

+35 years

Port and Logistic bases Manufacturing plants (flexible pipelines) Second Quarter 2013 Results

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SLIDE 53

Technip in Brazil: Steady Development to Provide Unmatched Local Content

2011

Garoupa 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 award Acquisition of Angra Porto logistic base

2009

1st IPB2 in Brazil 1st Brazilian PLSV: Skandi Vitória

2010

Flexibras: 1st Flexible plant

1986 2001

Acquisition of UTC Engineering

1995

1st LTC1 with Petrobras: Sunrise 2nd Brazilian PLSV: Skandi Niteroi

~20 people ~3,700 people ~2,000 people

53

1 Long Term Charter 2 Integrated Production Bundle

Flexible pipe frame agreement with Petrobras

2012

As of June 30, 2013

Second Quarter 2013 Results

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SLIDE 54

Listed on NYSE Euronext Paris

Shareholding Structure, May 2013 (Nov. 2012)

54

North America 33.5% / (31.7%) Treasury Shares 2.3% / (2.0%) Employees 2.6% / (2.6%) IFP Energies Nouvelles 2.5% / (2.5%) Rest of World 19.6% / (18.1%) French Institutional Investors 15.5% / (16.4%) Individual Shareholders 6.2% / (5.1%) Others 2.4% / (4.7%) UK & Ireland 10.2% / (11.7%) Institutional Investors 83.0% / (83.1%) FSI 5.2% / (5.2%)

Source: Thomson Reuters, Shareholder Analysis, May 2013

Second Quarter 2013 Results

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SLIDE 55

55

Technip’s Share Information

ISIN: FR0000131708

Bloomberg: TEC FP Reuters: TECF.PA SEDOL: 4874160

OTC ADR ISIN: US8785462099

OTCQX: TKPPY

Convertible Bonds:

OCEANE 2010 ISIN: FR0010962704 OCEANE 2011 ISIN: FR0011163864

Private Placement Notes: ISIN: FR0010828095

Second Quarter 2013 Results

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SLIDE 56

56

Bloomberg ticker: TKPPY CUSIP: 878546209 OTC ADR ISIN: US8785462099 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 Technip has a sponsored Level 1 ADR

Second Quarter 2013 Results