Third Quarter 2012 Results Paris, October 25, 2012 Safe Harbor T - - PDF document

third quarter 2012 results
SMART_READER_LITE
LIVE PREVIEW

Third Quarter 2012 Results Paris, October 25, 2012 Safe Harbor T - - PDF document

Third Quarter 2012 Results Paris, October 25, 2012 Safe Harbor T his presentation contains both historical and forward-looking statements. These forward-looking statements are not based on historical facts, but rather reflect our current


slide-1
SLIDE 1

Paris, October 25, 2012

Third Quarter 2012 Results

slide-2
SLIDE 2

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 other regions; the strength of competition; control of costs and expenses; the reduced availability of government-sponsored export financing; losses in one or more of our large contracts; U.S. legislation relating to investments in Iran or elsewhere where we seek to do business; changes in tax legislation, rules, regulation or enforcement; intensified price pressure by our competitors; severe weather conditions; our ability to successfully keep pace with technology changes; our ability to attract and retain qualified personnel; the evolution, interpretation and uniform application and enforcement of International Financial Reporting Standards, IFRS, according to which we prepare our financial statements as of January 1, 2005; political and social stability in developing countries; competition; supply chain bottlenecks; the ability of our subcontractors to attract skilled labor; the fact that our operations may cause the discharge of hazardous substances, leading to significant environmental remediation costs; our ability to manage and mitigate logistical challenges due to underdeveloped infrastructure in some countries where we are performing projects. Some of these risk factors are set forth and discussed in more detail in our Annual Report. Should one of these known or unknown risks materialize,

  • r 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

  • r forward looking information set forth in this release to reflect subsequent events or circumstances.

**** This presentation does not constitute an offer or invitation to purchase any securities of Technip in the United States or any other jurisdiction. Securities may not be offered or sold in the United States absent registration or an exemption from registration. The information contained in this presentation may not be relied upon in deciding whether or not to acquire Technip securities. This presentation is being furnished to you solely for your information, and it may not be reproduced, redistributed or published, directly or indirectly, in whole or in part, to any other person. Non-compliance with these restrictions may result in the violation of legal restrictions of the United States or of

  • ther jurisdictions.

T

slide-3
SLIDE 3

3

Contents

1. 3Q 2012 Operational & Financial Highlights 2. Progress on Strategy and Outlook

slide-4
SLIDE 4
  • 1. 3Q 2012 Operational &

Financial Highlights

4

slide-5
SLIDE 5

5

3Q 2012 Subsea Order Intake

Key contracts across regions & technologies

Dalmatian deepwater pipe-in-pipe, Gulf of Mexico Flexible supply, Angola, Brazil & Asia Pacific Greater Stella field development, UK Gullfaks South pipe-in-pipe, Norway 5-year Inspection, Repair and Maintenance frame agreement, UK

Backlog

€ million

Order intake

1,127 1,336 1,224 3Q 11 2Q 12 3Q 12 4,066

5,963

6,120 3Q 11 2Q 12 3Q 12

slide-6
SLIDE 6

6

3Q 2012 Onshore/Offshore Order Intake

Order intake Backlog

€ million

EPC contracts

Ethylene XXI, Mexico Upper Zakum 750K phase 1, UAE

Services contracts

Ichthys offshore facilities commissioning, Australia ROGC ethylene cracker license and engineering services, India Pavlodar & Shymkent refineries FEEDs, Kazakhstan Offshore field engineering services, Australia, Norway & Brazil

1,225 1,180 1,624 3Q 11 2Q 12 3Q 12 6,053 6,761 7,399 3Q 11 2Q 12 3Q 12

slide-7
SLIDE 7

7

3Q 2012 Subsea Operations

(1) Long Term Charter (2) from recurring activities

Revenue Operating Income2

Offshore main operations completed

Hyme, Norway Liuhua 11-1, China Normand Progress LTC1, Brazil

Main ongoing projects

BC-10 phase 2, Brazil Goliat, Barents Sea Jubilee phase 1A, Ghana Liwan shallow water, China Mariscal Sucre, Venezuela Vigdis, Norway

Overall group vessel utilization rate: 77%

754 1,075 3Q 11 3Q 12 128 163 3Q 11 3Q 12

16.9% 15.1%

3Q 11 3Q 12

€ million

slide-8
SLIDE 8

8

3Q 2012 Onshore/Offshore Operations

Revenue Operating Income1

(1) from recurring activities

Upstream

Asab 3, UAE Ichtys FPSO, Australia Lucius Spar, Gulf of Mexico

Gas, LNG & FLNG

PMP, Qatar Prelude FLNG, Australia FLNG studies

Downstream

Burgas, Bulgaria Elastomer complex, Thailand Jubail, Saudi Arabia

944 1,011 3Q 11 3Q 12 67 71 3Q 11 3Q 12 7.1% 7.1% 3Q 11 3Q 12

€ million

slide-9
SLIDE 9

9

Group Financial Highlights

1 calculated as operating income from recurring activities before depreciation and amortization 2 from recurring activities

+23% year-on-year +19% year-on-year

€ million

Acquisition costs

3Q 11 3Q 12

Revenue 1,698.6 2,085.9 EBITDA1 217.9 269.1 EBITDA margin 12.8% 12.9% Operating Income2 180.9 215.2 Operating Margin2 10.6% 10.3% Non-Current Operating Result (4.7) (4.0) Financial Result (3.3) (4.5) Income / (Loss) before Tax 172.9 206.7 Income Tax Expense 30.0% 28.4% Net Income 121.0 146.3

+21% year-on-year

slide-10
SLIDE 10

10

Net Cash Position

€ million

3 Months Net Cash Position as of June 30, 2012 252.0 Cash Generated from / (Used in) Operations 252.5 Change in Working Capital Requirements (23.5) Capital Expenditures (109.6) Acquisitions of Stone & Webster Process Technologies (229.0) Other including FX Impacts 41.1 Net Cash Position as of September 30, 2012 183.5

48 96 64 152 107 110 139

Capital Expenditure

1Q 2Q 3Q 4Q

357 ~ 500

2011 2012

slide-11
SLIDE 11

11 11

Business Environment

Australian gas projects continue to progress GDP growth drives refining, petrochemicals and fertilizer investments New discoveries to drive future onshore & offshore developments, incl. in new areas Project timing remains uncertain Africa Upswing in US Gulf of Mexico Increasing activity in Mexico US shale gas driving onshore downstream investments North America High level of subsea awards continues Step change in size and complexity of

  • ffshore developments

Increase in platform activity North Sea Sustained volume of activity Good opportunities offshore & downstream Middle East Asia Pacific Good visibility in Brazil with ramp-up of pre-salt developments Downstream and some

  • ffshore prospects across

countries Latin America

slide-12
SLIDE 12

12

Backlog Visibility1

1 Backlog estimated scheduling as of September 30, 2012

€ million

Subsea Onshore/Offshore Group

2012 (3 months) 847.5 1,058.1 1,905.6 2013 2,558.6 3,269.7 5,828.3 2014 and beyond 2,713.5 3,071.0 5,784.5 Total 6,119.6 7,398.8 13,518.4

slide-13
SLIDE 13

13

  • 2. Progress on Strategy and

Outlook

slide-14
SLIDE 14

14

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

slide-15
SLIDE 15

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

15

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

slide-16
SLIDE 16

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

16

slide-17
SLIDE 17

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 QHSE requirements State-of-the-art vessels and experienced project management required

17

slide-18
SLIDE 18

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

18

slide-19
SLIDE 19

Technip Rigid Pipelay and Installation Capabilities: from Ultra-deep to Shore

S-Lay Heavy Lift

Export lines Deepwater infield lines Ultra deepwater infield lines (very high tensions)

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

19

slide-20
SLIDE 20

20

Growing Diversified Backlog

Backlog

Subsea backlog 2009 2010

  • Sept. 30

2012 10,416 8,018 9,228 13,518 Onshore/Offshore backlog

€ million

2011 2008 7,208

Asab 3, UAE G1201

slide-21
SLIDE 21

21

2012 Full Year Outlook1

Group revenue towards €8.0 billion (formerly between €7.65 and €8.0 billion) Subsea revenue at least €3.50 billion (formerly between €3.35 and €3.50 billion), with operating margin2 around 15% (unchanged) Onshore/Offshore revenue around €4.3 billion (formerly between €4.3 and €4.5 billion), with operating margin2 between 6.5% and 7% (formerly between 6% and 7%)

1 based on year-to-date average exchange rates 2 from recurring activities

MWCS buoyancy can Apache II

slide-22
SLIDE 22

22

  • 3. Annex
slide-23
SLIDE 23

23

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 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 Design & Project Management Manufacturing & Spooling Installation R&D First class assets and technologies Manufacturing plants High performing vessels Advanced rigid & flexible pipes

Subsea

slide-24
SLIDE 24

24

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

457 498

FY 10 FY 11

16.7% 16.8%

FY 10 FY 11 3Q 12 3Q 12

207 274

FY 10 FY 11

6.2% 7.1%

FY 10 FY 11 € million

Current Backlog 6,120 Operating Income1 Operating Margin1 Current Backlog 7,399

slide-25
SLIDE 25

Consolidated Statement of Financial Position

25

€ million

  • Dec. 31,

2011*

  • Sept. 30,

2012 Fixed Assets 5,520.6 5,892.5 Construction Contracts – Amounts in Assets 585.6 548.6 Other Assets 2,733.4 2,780.6 Cash & Cash Equivalents 2,808.7 2,287.3 Total Assets 11,648.3 11,509.0 Shareholders’ Equity 3,673.3 3,982.7 Construction Contracts – Amounts in Liabilities 700.0 858.2 Other Liabilities 5,123.6 4,564.3 Total Shareholders’ Equity & Liabilities 11,648.3 11,509.0

(*) Restated with preliminary assessment of purchase price allocation of Global Industries.

slide-26
SLIDE 26

25% 9% 13% 21% 32% 18% 40% 12% 16% 12% 2%

26

Diversified Backlog Across Regions and Markets

Europe / Russia Central Asia Africa Asia Pacific Americas Middle East €13,518 million

Backlog by market split

As of September 30, 2012

Backlog by geography

Subsea & Offshore Deepwater >1,000 meters Petrochems Other Gas / LNG / FLNG Refining / Heavy Oil Subsea & Offshore Shallow Water €13,518 million

rev.1

slide-27
SLIDE 27

Investment in Key Subsea Assets

27

5 7, incl. 1 under

construction

Plants

2007

New long term charters

North Sea Giant

18 34, incl. 5 under

construction

Vessels

2007

Newbuild vessel in Norway, delivered in 2014

slide-28
SLIDE 28

2007 2008 2009 2010 2011 3Q 2012

28 28

Investment in Talents Worldwide

35,000 23,500

Workforce Employee growth by geography since 2007

Contracted Acquisitions Regular workforce

7% 27% 11% 13% 14% 13% 15%

Rest of Europe Africa, Middle East Asia Pacific South America North America Fleet North Sea, Russia, CIS

rev.1

slide-29
SLIDE 29

National Oil Companies International Oil Companies

Diversified & Balanced Customer Base

29

slide-30
SLIDE 30

Onshore/Offshore Key Markets

30

Petrochemical & Ethylene LNG & GTL Floating LNG Spar Fixed platform

Expertise in Full Range of Offshore Facilities Onshore Downstream Unique Position

FPSO Fertilizer Refining

slide-31
SLIDE 31

31

High Performing Fleet of 34 Vessels1

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

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

Rigid Reel-Lay & J-Lay

11 units 5 units 4 units 14 units

Sunrise 2000 Pioneer Chickasaw Deep Constructor

1 As of June 30, 2012 2 Vessels under construction

Deep Orient2 2 x 550t PLSV2 North Sea Giant ST 2612

slide-32
SLIDE 32

32

Flexibrás

Vitória, Brazil

Flexi France

Le Trait, France

Asiaflex Products

Tanjung Langsat, Malaysia

Port of Açu

Açu, Brazil

Flexible Pipe Manufacturing Plants

slide-33
SLIDE 33

33

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

Offshore Manufacturing & Logistic Bases

Port of Angra, Brazil

slide-34
SLIDE 34

34

Umbilicals Manufacturing Plants

Duco Inc

Houston, USA

Duco Ltd

Newcastle, UK

Angoflex

Lobito, Angola

Asiaflex Products

Tanjung Langsat, Malaysia

slide-35
SLIDE 35

Providing Innovative Solutions for Offshore & Subsea Developments

35

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 1 under construction and 2

  • ngoing design

studies

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
slide-36
SLIDE 36

FLNG1, an Innovative Solution for our Customers

36

  • 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

slide-37
SLIDE 37

37

Acquisition of Stone & Webster Process Technologies

Acquisition completed on August 31, 2012 Cash consideration of ~€225 million Perimeter excludes Toronto and Baton Rouge sites and all legacy EPC contracts retained by Shaw Cost synergies (notably premises, IT) approximately €7 million, with one-off transaction and transition costs in 2012 of ~€15 million The acquisition roughly doubles the revenues that Technip already generates from this type of activity to ~€400 million on a pro forma basis Looking forward, the acquired business should generate margins above those of the Onshore/Offshore segment, as well as having a more robust and lower risk earnings profile

slide-38
SLIDE 38

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

38

~US$50 million*

Process Technologies

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

* Project size order of magnitude

slide-39
SLIDE 39

Stone & Webster Process Technologies: Enhanced Portfolio of Downstream Technologies

Natural Gas Refining GTL Hydrogen Ethylene

Business Domains

39

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

slide-40
SLIDE 40

40

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 Kupe, New Zealand Yansab, Saudi Arabia GTL Coal bed methane

slide-41
SLIDE 41

41

Aberdeen Paris Luanda Rio de Janeiro Mumbai Kuala Lumpur Perth Lagos Vitória Caracas Dande Lobito Port Harcourt Barcelona Lyon Rome Athens Düsseldorf

  • St. Petersburg

Evanton London Newcastle Abu Dhabi Doha Chennai Bangkok Jakarta Balikpapan Shanghai Pori Le Trait Bogota New Delhi Regional Headquarters / Operating centers Spoolbases Manufacturing plants (flexible pipelines) Manufacturing plants (umbilicals) Construction yard Tanjung Langsat Oslo Orkanger Stavanger Logistic bases Angra Porto Cairo Baghdad Al Khobar Warsaw Macaé Accra

A Unique Worldwide Footprint

Batam Singapore Dubaï

  • St. John’s

Houston Los Angeles Calgary Monterrey Mobile Ciudad del Carmen Carlyss Mexico City Cambridge Weymouth Acu (under construction)

Milton Keynes

The Hague Seoul Ashgabat Rayong Ho Chi Minh City Miri

slide-42
SLIDE 42

Africa: Local Partner With Commitment to Long-term Presence

Pazflor, Subsea, Angola West Delta Deep Marine Phase 7 & 8A, Subsea, Egypt Jubilee, Subsea, Ghana Fertilizer FEED, Onshore/Offshore, Gabon Akpo FPSO, Onshore/Offshore, Nigeria

Key Projects

~700 people 1st office founded in 1995

Technip in Africa

Engineering & project management centers Umbilical manufacturing plant: Angoflex, Angola Spoolbase: Dande, Angola Logistic base: Port Harcourt, Nigeria

Assets & Activities

Luanda Lagos Dande Lobito Port Harcourt Accra Cairo Regional Headquarter / Operating centers Spoolbase Manufacturing plant (umbilicals) Logistic base

Dande spoolbase, Angola Angoflex, Angola 42

slide-43
SLIDE 43

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

43

Asia Pacific: Dedicated Assets for High Potential Market

Perth Bangkok Shanghai Singapore Jakarta Balikpapan Tanjung Langsat

~6,700 people Founded in 1982

Technip in Asia Pacific

1 8% participation 2 vessel under construction

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 Orient2 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

slide-44
SLIDE 44

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

44

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

~1,950 people Founded in 1984

Technip in Middle East

Asab 3, UAE Upper Zakum 750+, UAE

slide-45
SLIDE 45

Regional Headquarter / Operating centers

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

Mobile, Alabama Carlyss, Lousiana

Umbilical plant

Channelview, Texas

Vessels

45

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

~3,500 people Founded in 1971

North America

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

Cambridge Weymouth

slide-46
SLIDE 46

~320 people Over 50 years experience from Engineering to full EPC contracts

Venezuela

Latin America: Strong Relationships with Local Players

46

~660 people Over 35 years experience Specialized in refining & petrochemicals Over 250 projects completed Branches in Argentina & Peru

Colombia

~3,500 people 35 years experience

Brazil

*Technip JV with Inversiones Y Construcciones Estratégicas and Inversiones Ascona

*

Operating centers Manufacturing plants (flexible pipelines) Logistic bases

Sincor refinery, Venezuela Barrancabermeja refinery, Colombia La Pampilla refinery, Peru

~380 people Supported by Houston office

Mexico

Açu

slide-47
SLIDE 47

47

Brazil: 35 years of Local Presence

~3,500 People Founded in 1977

Technip in Brazil

Papa Terra IPB, Subsea Cubatao refinery, Onshore/Offshore P-56 semi-submersible, Onshore/Offshore

Key Projects

Engineering & project management centers Flexible/umbilical manufacturing plant

Flexibras: since 1986 Port of Açu: High-end flexible manufacturing plant1

Logistic base

Campos basin: Flexibras Santos basin: Port of Angra R&D and test center

Marine assets support base: Macaé Vessels

Assets & Activities

Flexibras, Vitoria

Manufacturing plants (flexible pipelines) Regional Headquarter / Operating centers Logistic bases

Angra Macaé Açu Vitoria

Rio de Janeiro

1 under construction

Skandi Niteroi Skandi Vitoria 2 x 550t PLSV1 Sunrise 2000 Deep Constructor

slide-48
SLIDE 48

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 ~3,500 people ~2,000 people

48

1 Long Term Charter 2 Integrated Production Bundle

Flexible pipe frame agreement with Petrobras

2012

slide-49
SLIDE 49

Listed on NYSE Euronext Paris

Shareholding Structure, May 2012

49

North America

31.3%

Treasury Shares

2.1%

Employees

1.8%

IFP Energies Nouvelles

2.5%

Rest of World

19.6%

French Institutional Investors

16.6%

Individual Shareholders

5.7%

Others

3.7%

UK & Ireland

11.4% Institutional Investors 84.2%

FSI

5.3%

Source: Thomson Reuters, Shareholder Analysis, May 2012

slide-50
SLIDE 50

50

Technip’s Share Information

ISIN: FR0000131708

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

OTC ADR ISIN: US8785462099

ADR: TKPPY

Convertible Bonds:

OCEANE 2010 ISIN: FR0010962704 OCEANE 2011 ISIN: FR0011163864

Private Placement Notes: ISIN: FR0010828095

slide-51
SLIDE 51

51

Bloomberg ticker: TKPPY CUSIP: 878546209 Depositary bank: Deutsche Bank Trust Company Americas Depositary bank contacts: ADR broker helpline: +1 212 250 9100 (New York) +44 207 547 6500 (London) e-mail: adr@db.com ADR website: www.adr.db.com Depositary bank’s local custodian: Deutsche Bank Amsterdam Technip has a sponsored Level 1 ADR

slide-52
SLIDE 52

Third Quarter 2012 Results