Second Quarter 2013 Resu lts Paris, July 25, 2013 Safe Harbor T - - PDF document

second quarter 2013 resu lts
SMART_READER_LITE
LIVE PREVIEW

Second Quarter 2013 Resu lts Paris, July 25, 2013 Safe Harbor T - - PDF document

Second Quarter 2013 Resu lts Paris, July 25, 2013 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


slide-1
SLIDE 1

Paris, July 25, 2013

Second Quarter 2013 Results

slide-2
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

slide-3
SLIDE 3
  • 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

3

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

slide-4
SLIDE 4
  • 1. 2Q 2013 Operational &

Financial Highlights

4 Second Quarter 2013 Results

slide-5
SLIDE 5

5

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

slide-6
SLIDE 6

6

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)

slide-7
SLIDE 7

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

7

slide-8
SLIDE 8

8

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%

slide-9
SLIDE 9

9

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

slide-10
SLIDE 10

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

10 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

slide-11
SLIDE 11

11

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

Second Quarter 2013 Results

  • 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
slide-12
SLIDE 12

12

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

slide-13
SLIDE 13

13

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

slide-14
SLIDE 14

14

  • 2. Key Developments & Outlook

Second Quarter 2013 Results

slide-15
SLIDE 15

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 15

slide-16
SLIDE 16

16 16

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

slide-17
SLIDE 17

Accra Lagos Port Harcourt Dande Luanda Lobito

Momentum in West Africa Longer Term Prospects in East Africa

17

  • Jubilee: stand-out fast-track deepwater project
  • Jubilee 1A: follow-up
  • Technip-GNPC Engineering: 70/30 Joint Venture

Investment in Ghana

+35 years

  • Currently executing GirRi,

phases 1 & 2

  • Leadership of flagship Pazflor

and Block 31 development

  • Joint ventures in engineering,

manufacturing and logistics

  • Substantial umbilicals carousel

upgrade ongoing

Experience in Angola

Regional Headquarter / Operating centers Spoolbase Manufacturing plant (umbilicals) Logistic base

Second Quarter 2013 Results

Congo, Moho Nord:

  • Technip’s largest EPCI project
  • Deep to shore with G1200 vessel
  • Supply of flexible pipes and umbilicals
  • Leverage of our vertical integration
  • Local fabrication of steel structures

Nigeria, EGINA:

  • Umbilicals & flexible pipe supply
  • 200 km offshore Port Harcourt
  • Water depth from 1,150 to 1,750 meters

Order Intake: ~ €1.5 billion for 1H 2013

Major projects won in 1H13

Mozambique

  • Ongoing FEED for subsea production

architecture design

Early Involvement in East Africa

slide-18
SLIDE 18

18

Early Involvement in Projects

EPC scope FEED scope

  • Optimize clients’ requirements /

specifications

  • Define breakdown of work packages
  • Assess schedule and cost

Recent FEEDs won

  • Etileno XXI, Mexico
  • Burgas refinery, Bulgaria
  • PMP, Qatar
  • Upper Zakum EPC 1, Abu Dhabi
  • Aasta Hansteen Spar, Norway
  • Petronas FLNG 1, Malaysia
  • Prelude FLNG, Australia
  • Julia field, US Gulf of Mexico
  • Jubail refinery, Saudi Arabia
  • Mosaic Fertilizer, USA
  • Forest BtL, Finland
  • BG Trunkline LNG, USA
  • Pacific NorthWest LNG, Canada
  • Mozambique Subsea

Second Quarter 2013 Results

Ongoing EPC projects where Technip had early involvement

slide-19
SLIDE 19

Vertical integration

19

Our Strategic Framework

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

To Deliver Sustainable & Profitable Growth

Second Quarter 2013 Results

slide-20
SLIDE 20

Second Quarter 2013 Results

slide-21
SLIDE 21

21 Second Quarter 2013 Results

  • 3. Annex
slide-22
SLIDE 22

22

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

slide-23
SLIDE 23

National Oil Companies International Oil Companies

Diversified & Balanced Customer Base

23 Second Quarter 2013 Results

slide-24
SLIDE 24

Around 38,000 People Throughout the World, Growing Close to Clients

109 Nationalities across 48 countries

8,900

+112%

4,800

+55%

3,900

+95%

4,300

+65%

2,500

+67%

8,900

+29%

June 2013

  • Dec. 2006

3,550

+97%

750

+50%

Fleet & others

24 Second Quarter 2013 Results

slide-25
SLIDE 25

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

25 Second Quarter 2013 Results

slide-26
SLIDE 26

26

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 Results 2013

slide-27
SLIDE 27

First Half 2013 Revenue Split by Geography

Europe / Russia Central Asia Africa Asia Pacific Americas Middle East

Etileno XXI, Mexico G1200 S-lay

27% 7% 12% 20% 34% €4.4 billion

Lucius Spar, Finland

27 Second Quarter 2013 Results

slide-28
SLIDE 28
  • 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

28 Second Quarter Results 2013

slide-29
SLIDE 29

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

29 Second Quarter Results 2013

slide-30
SLIDE 30

Providing Innovative Solutions for Offshore & Subsea Developments

30

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 pipelay

vessel capacity requirements

  • Energy effective

design and cost effective installation

  • 14 delivered out of

17, plus 3 ongoing projects

  • 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

  • ne pipe

Second Quarter Results 2013

slide-31
SLIDE 31

Well-head to Platform: Optimizing Subsea Field Architecture

31

Integrating our subsea proprietary technologies and offshore platform knowhow with third party processing equipment to provide innovative development solutions

Umbilicals (Power & control) Electrically Trace Heated Pipe-in-pipe In-line Monitoring Technologies

Technip proprietary technologies Third party equipment

Subsea Equipment (Separator & pump) Integrated Production Bundle

First Quarter 2013 Results

slide-32
SLIDE 32

Investment in Key Subsea Assets

32

5 7, incl. 1 under

construction

Plants

2007

New long-term charters

North Sea Giant

18 32, incl. 4 under

construction

Vessels

2007

North Sea Atlantic, delivery in 2014

As of June 30, 2013

Second Quarter Results 2013

slide-33
SLIDE 33

New Asset Delivery in 2013

33

  • Flexible pipelay & construction

vessel dedicated to the Asia Pacific market

  • Performed successfully on the

Åsgard and Goliat projects in Norway

  • Heads to Asia this Autumn
  • Flexible & rigid pipelay vessel

with high transit speed to be deployed on projects worldwide

  • Handed over to Technip after

successful sea trials

  • Pipelay trials scheduled end of

2013

  • First projects in Gulf of Mexico

in the Autumn

  • High-end flexible manufacturing

plant dedicated to pre-salt development

  • Initial start-up at end of 2013
  • Plant construction & machinery

delivery on-going and on time

  • >150 employees gaining

experience at Vitória Deep Orient Deep Energy Açuflex in Brazil

Second Quarter 2013 Results

slide-34
SLIDE 34

34

Flexibrás

Vitória, Brazil

Flexi France

Le Trait, France

Asiaflex Products

Tanjung Langsat, Malaysia

Port of Açu

Açu, Brazil

Flexible Pipe Manufacturing Plants

Second Quarter Results 2013

slide-35
SLIDE 35

35

Umbilicals Manufacturing Plants

Duco Inc

Houston, USA

Duco Ltd

Newcastle, UK

Angoflex

Lobito, Angola

Asiaflex Products

Tanjung Langsat, Malaysia

Second Quarter Results 2013

slide-36
SLIDE 36

36

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

Offshore Manufacturing & Logistic Bases

Port of Angra, Brazil

Second Quarter Results 2013

slide-37
SLIDE 37

37

High Performing Fleet of 32 Vessels1

Diving & multi support vessels Flexible-Lay & Construction Rigid S-Lay and Heavy Lift

Deep Blue Apache II Skandi Niteroi G1200 G1201 Hercules Deep Pioneer Skandi Achiever Skandi Arctic Global Orion Iroquois Olympic Challenger Normand Progress Skandi Vitoria Deep Energy2

Rigid Reel-Lay & J-Lay

11 units 4 units 4 units 13 units

Sunrise 2000 Pioneer Chickasaw Deep Constructor

1 As of June 30, 2013 2 Vessels under construction

Deep Orient 2 x 550t PLSV2 North Sea Giant North Sea Atlantic2 Second Quarter Results 2013

slide-38
SLIDE 38

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

38

1 Quality, Health, Safety & Environment

Second Quarter Results 2013

slide-39
SLIDE 39

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

39 Second Quarter Results 2013

slide-40
SLIDE 40

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

40 Second Quarter Results 2013

slide-41
SLIDE 41

41

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 Results 2013

slide-42
SLIDE 42

Onshore/Offshore Key Markets

42

Petrochemical & Ethylene LNG & GTL Floating LNG Spar Fixed platform

Expertise in Full Range of Offshore Facilities Onshore Downstream Unique Position

FPSO Fertilizer Refining

Second Quarter Results 2013 42

slide-43
SLIDE 43
  • 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 plant performance

  • Assistance to plant start-up and

follow-up during plant production

43

~US$50 million*

Process Technologies

<US$5 million* <US$50 million*

* Project size order of magnitude

Second Quarter Results 2013 43

slide-44
SLIDE 44

Stone & Webster Process Technologies: Enhanced Portfolio of Downstream Technologies

Natural Gas Refining GTL Hydrogen Ethylene

Business Domains

44

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

Second Quarter Results 2013 44

slide-45
SLIDE 45
  • 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

45

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

Second Quarter Results 2013 45

slide-46
SLIDE 46

46

Worldwide Organization Dedicated to Downstream Technologies

  • 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

Operating centers Sales offices Associated operating centers

Mumbai Milton Keynes

Houston Cambridge Claremont

Paris Rome

Zoetermeer

Abu Dhabi Kuala Lumpur / Singapore Beijing

Second Quarter Results 2013

slide-47
SLIDE 47

FLNG1, an Innovative Solution for our Customers

47

  • Shell FLNG
  • 15 year master agreement
  • LNG capacity: 3.6 mtpa
  • Prelude FLNG in Australia under

construction

  • Petronas FLNG
  • LNG capacity: 1.2 mtpa
  • Offshore Malaysia
  • Floating 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 mtpa
  • Pre-salt basin, Brazil
  • Design competition won by

Technip

Second Quarter Results 2013 47

slide-48
SLIDE 48

48

Global Business with Unique Multi-Local Footprint

(1)

Kuala Lumpur Vitória Dande Lobito Port Harcourt Evanton Newcastle Pori Le Trait 5 Spoolbases 4 Flexible pipeline plants 3 Umbilical plants 1 Construction yard Tanjung Langsat Orkanger 4 Logistic bases Angra Porto Macaé Batam Mobile Carlyss Açu (under construction)

(1) Fleet location reflects current situation as of July 2013

Vessels transit globally .

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

x11 x4 x5 x12

Houston

slide-49
SLIDE 49
  • 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

49

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

Second Quarter Results 2013 G1201

2 Operating partly in Asia Pacific

slide-50
SLIDE 50

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

50

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 Results 2013

slide-51
SLIDE 51

Regional Headquarter / Operating centers

  • Engineering & project management centers with

Subsea, and Onshore/Offshore capabilities

  • Spoolbases
  • Mobile, Alabama
  • Carlyss, Lousiana
  • Umbilical plant
  • Channelview, Texas
  • Vessels

51

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

Cambridge Weymouth

As of June 30, 2013

Second Quarter Results 2013

slide-52
SLIDE 52
  • 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

52

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

Second Quarter Results 2013

As of June 30, 2013

slide-53
SLIDE 53

Regional Headquarter / Operating centers

Brazil: Building upon Solid & Profitable Business

53 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)

  • Six Flexible Pipelay vessels (PLSVs) on

long-term charters including:

  • two Brazilian built
  • two 550 ton under construction
  • 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) Açu, Brazil Second Quarter 2013 Results Skandi Niteroi

slide-54
SLIDE 54

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

54

1 Long Term Charter 2 Integrated Production Bundle

Flexible pipe frame agreement with Petrobras

2012

Second Quarter 2013 Results

As of June 30, 2013

slide-55
SLIDE 55

Listed on NYSE Euronext Paris

Shareholding Structure, May 2013 (Nov. 2012)

55

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 Results 2013

slide-56
SLIDE 56

56

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 Results 2013

slide-57
SLIDE 57

57

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 Results 2013