Technipfmc Plc · NYSE:FTI
Technipfmc — Pareto Oil & Offshore Conference 2016
22 slides from Technipfmc's conference presentation, Sep 14, 2016
Slide 1: Building Solutions for the Energy Industry
Building Click toSolutions fortext edit Master the Energy stylesIndustry Thierry Pilenko, Chairman and CEO Pareto Oil & Offshore conference, Oslo, September 14, 2016
Slide 2: Disclaimer: Forward-Looking Statements
Disclaimer Forward-Looking Statements This communication contains “forward-looking statements.” All statements other than statements of historical fact contained in this report are forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended (t
Slide 3: Disclaimer: No Offer or Solicitation
Disclaimer No Offer or Solicitation This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote in any jurisdiction pursuant to the
Slide 4: Disclaimer: Additional Information, EU Prospectus
Disclaimer Important Additional Information Will be Made Available in an Prospectus Prepared in accordance with the EU Prospectus Directive TechnipFMC will make publicly available a prospectus, prepared in accordance with the EU Prospectus Directive 2003/71/EC, with respect to the issuance of new sh
Slide 5: Table of Contents
Table of Contents 1. Technip Operational & Financial Highlights 2. TechnipFMC Combination 3. Conclusion 5
Slide 6: Technip Operational & Financial Highlights
Technip Operational & Financial Highlights 6
Slide 7: 2Q 2016 Highlights
2Q 2016 Highlights CLIENT Solid project execution marked by multiple offshore INSIGHT campaigns and as-expected module deliveries to Yamal LNG project COST Cost reduction ahead of schedule with €900 million to STRUCTURE be delivered in 2016 BALANCE Solid balance sheet maintained with record net cash
Slide 8: Backlog and Contracted Work Provides Visibility in 2017 and Beyond
Backlog and Contracted Work Provides Visibility in 2017 and Beyond Subsea 2Q 2016 Order Intake: €754 million €5.9 billion €2.2 billion €2.2 billion €1.5 billion 2016 (6 months) 2017 2018 & beyond Onshore & Offshore 2Q 2016 Order Intake: €728 million €7.7 billion €2.6 billion €3.3 billion €1.8 billio
Slide 9: 2016 Objectives Upgraded
2016 Objectives Upgraded Subsea Adjusted revenue between €4.7 and €5.0 billion Adjusted operating income from recurring activities(1) around €680 million (previously between €640 and €680 million) Onshore / Offshore Adjusted revenue between €5.7 and €6.0 billion Adjusted operating income fro
Slide 10: TechnipFMC Combination
TechnipFMC Combination - : Techni, 10 p
Slide 11: Our Combination: Redefining the Production and Transformation of Oil & Gas
Our Combination: Driving Change by Redefining the Production and Transformation of Oil & Gas Builds a comprehensive and flexible offering across each market from concept to project delivery and beyond Products: best-in-class equipment and systems provider Leading and highly complementary equipment
Slide 12: Helping Clients Adapt to the Subsea Market Reality
Technip and FMC Technologies are Helping Clients Adapt to the Subsea Market Reality Client concerns Our responses Preserving cash flows, balance sheets, Enabling brownfield and long tie-backs dividends Early involvement to optimize design Finding value at a lower oil price and time to first
Slide 13: Increasing Rate of Market Acceptance of Forsys Subsea Concept
Increasing Rate of Market Acceptance of Forsys Subsea Concept Awarded Integrated FEED Studies 18 16 16 No. of FEED Studies 14 12 10 8 6 4 2 0 0 2 4 6 8 10 12 14 Months after Establishing JV/Alliance Forsys Subsea has been awarded 16 integrated FEED studies since inception in June 2015 13
Slide 14: A Unique Subsea Offering
TechnipFMC will offer clients a Unique Subsea Offering … Topsides and facilities Life of field and monitoring SURF: Subsea umbilicals, risers and flowlines SPS: Subsea production systems (including processing) FEED and sub-surface expertise 14
Slide 15: Full Suite of Capabilities from a Single Contracting Partner
… and a Full Suite of Capabilities Sourced from a Single Contracting Partner Conceptual Design Project Execution LOF & Maintenance & FEED Equipment Engineering Procurement Construction Installation supply Rationalized subsea Maximised reliability architecture and Joint SPS+SURF and uptime design Sho
Slide 16: Integrate Complementary Technologies
Integrate Complementary Technologies Subsea processing Connector Manifold ETH PiP(1) Flexible pipe Direct Tie-In Increased Optimized Simplified efficiency connectivity architecture (1) ETH PiP: Electrically Trace Heated Pipe-in-Pipe 16
Slide 17: Significant Potential for Cost Synergies
Significant Potential for Cost Synergies Pre-Tax Cost Synergies of approximately $400m by 2019 Supply Chain Commodity raw material cost savings Base plan Stretch Better terms with shared suppliers Beneficial scale effect from higher volumes Corporate and Others ~$400m Additional cost One B
Slide 18: Conclusion
Conclusion 7 Technip
Slide 19: Integrated Solutions: A Proven Model
Integrated Solutions: A Proven Model Jangkrik, ENI, Indonesia TECHNOLOGY, EQUIPMENT & SUBSEA ONSHORE / OFFSHORE CONSULTING Fabrication of flexibles and umbilical Design, EPCI(1) and commissioning of EPC(2) of onshore gas treatment plant flexibles and umbilical Juniper, BP, Trinidad & Tobago TE
Slide 20: Market Outlook: Where is Technip Focused Today
Market Outlook: Where is Technip Focused Today CONTINUING LNG DEVELOPMENT REFINING AND PETCHEM GREENFIELD & BROWNFIELD DOWNSTREAM OPPORTUNITIES RESILIENCE DOWNSTREAM RESILIENCE TIE-BACK OPPORTUNITIES GAS & DOWNSTREAM FOCUS LIBRA & LNG OTHER PRE-SALT DEVELOPMENTS TIE-BACK DEVELOPMENTS OPPORTUNITIES U
Slide 21: Adapt to Resist and Shape the Future
Adapt to Resist and Shape the Future FOCUS FOCUS LEADERSHIP LEADERSHIP CLIENT INSIGHT Design & deliver economically viable projects COST STRUCTURE Protect profitability and cashflow BALANCE SHEET Solid partner for long term projects BROAD-BASED OFFER Secure and expand addressable market 21
Slide 22: Thank You
Thank You 22 www.technip.com