Technip Third Quarter 2010 Results FINAL Quarter 2010 Results 7 (27)% 154 211 Subsea Third Quarter Figures (6)% ... PDVSA / Cupet Lt. Am. Cienfuegos ... Port Harcourt Barcelona Lyon

Third Quarter 2010 Results

October 28, 2010

2Third Quarter 2010 Results

Operational & Financial Highlights

Strategy & Outlook

Annex

Contents

I.

II.

III.


Third Quarter 2010 Operational & Financial Highlights

I.


Third Quarter Subsea Operational Highlights

► Successfully completed offshore operations:• Brazil: Pipelay phase of the Tupi gas export pipeline

• Gulf of Mexico: Caesar/Tonga

• North Sea: Broom field

• Trinidad & Tobago: Angostura field

►Offshore operations in progress:• Jubilee field in Ghana and several projects in the North Sea

• Block 31 in Angola and West Delta Deep Marine Phase VII in Egypt

► Pazflor offshore campaign preparation in progress

►Asset activity• Vessel utilization rate was 81% compared with 85% a year ago

• Good activity continued at flexible pipe production units

• Brazilian-flagged Skandi Vitoria delivered to Petrobras


Third Quarter Onshore/Offshore Operational Highlights► Projects delivered to client:

• Qatargas 3&4 Train 6 & 7 delivered to client in Qatar

► Pre-commissioning/Commissioning & start-up activities in progress• Biodiesel plant for Neste Oil in Singapore completed• Completed commissioning on OAG modules, Dàs Island in United Arab Emirates • Pre-commissioning completed and commissioning progressed well on Gdansk refinery, Grupa Lotos

in Poland

► Work in progress: • Saudi Arabia: Jubail refinery• United Arab Emirates: Asab 3 • Turkmenistan: Block 1 Gas development • Qatar: PMP • China: Yinchuan, Ningxia LNG• Brazil: Preparation for P-56 floatover operation• The Netherlands: Biodiesel plant for Neste Oil in Rotterdam

► FEED activities in progress: • Floating LNG FEED for Shell's Prelude field near Australia • Floating LNG FEED for Petrobras in Brazil• Gas processing platform for Wheatstone, offshore Australia


Third Quarter Order Intake & Backlog Highlights

Order intake

1Q 10

720440

3Q 10

773

2Q 10 Sept. 302010

June 302010

Backlog

3,1413,057

Order intake

906749

Backlog

5,3615,206

1Q 10 3Q 102Q 10 Sept. 302010

June 302010

► Onshore/Offshore Order intake• KJO in Neutral Zone between Saudi Arabia

and Kuwait• Two Hydrogen plants in the USA • Several small and medium-sized projects in

Asia Pacific & Americas

3,053

Dec. 312009

4,965

Dec. 312009

► Subsea Order Intake• 1st IPB* in Brazil: Papa Terra • 1st reeled heated pipe-in-pipe: Islay, UK• Marine Well Containment System (MWCS)

FEED for the Gulf of Mexico

897

* Integrated Production Bundle

€ million


(27)%

154211

Subsea Third Quarter Figures

(6)%

3Q 09

699746

3Q 10

(14)%

117136Margin (155)bp

22.0%28.3%

16.7%18.2%

3Q 09 3Q 10 3Q 09 3Q 10

Revenue

EBITDA

Operating income*

* from recurring activities

€ million

3Q 09 3Q 10 3Q 09 3Q 10


Onshore/Offshore Combined Third Quarter Figures

(16)%

814965


+2%

5049 Margin +105bp

6.1%5.1%

3Q 09 3Q 10

3Q 09 3Q 10 3Q 09 3Q 10

Revenue

Operating income*

€ million


Third Quarter FiguresGroup Financial Highlights

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

0.40.2Other Operating Income

(0.5)(2.8)Minority Interests

-1.1Income of Equity Affiliates147.2159.0Profit Before Tax

(8.9)(14.8)Financial Charges

103.4107.7Net Income0.951.00Diluted EPS (€)

10.3%10.1%Operating margin (2)

13.2%14.9%EBITDA margin

(43.3)(48.5)Income Tax

155.7172.5Operating Income (2)

199.2254.1EBITDA (1)

1,512.11,710.5Revenue 3Q 103Q 09€ million

► 29.4% effective tax rate

► Selling & tendering costs remain high

► Higher interest income, lower IFRS impacts


Third Quarter FiguresNet Cash Flow Statement

(35.0)Others

-Dividend Payment

(126.3)Working Capital

1,357.1Net Cash as of September 30, 2010

(126.4)Capex

146.9Operating Cash Flow

1,497.9Net Cash as of June 30, 2010

3 months€ million

► Milestone payment on Skandi Niteroi

► Essentially currency effects

► Around €500 million expected for FY10

► Includes $158 million TSKJ payments


8,5024,4549073,141Total

2,2861,3152936782012+

4,5892,3963941,7982011

743

Onshore

1,6272206652010 (3 months)

GroupOffshoreSubsea

September 30, 2010 Backlog Estimated Scheduling

€ million


Strategy & OutlookII.


Delivery: Brazilian-flagged Skandi Vitoria

3Q Execution

Strategy Execution in 2010

€1.6 billion order intake, split 44:56 between Subsea & Onshore/Offshore

Islay: Reeled heated pipe-in-pipePapa-Terra: 1st IPB* flexible pipe in Brazil

Expansion of logistics in Brazil

Strategic Priorities

Balanced, profitable backlog

Key differentiating assets

Local content

Technology

Vertical integration

Partnership with Petronas: MHB

Investment in people and processesExecution capability

* Integrated Production Bundle


BrazilPetrobrasLogistic support contracts

Gulf of Mexico5 IOCsMWCS

AustraliaShellPrelude FLNG

UAEZadcoArtificial Island

Lt. Am.PDVSA / CupetCienfuegos Refinery

CountryClientProject

Strategic FEEDs / Services

IndiaHPCLVisakh refinery

Timor SeaENIKitan

Neutral Zone between Saudi Arabia and Kuwait

Khafji Joint OperationsKJO

TurkmenistanPetronasBlock 1 Gas Development

USAValeroMc Kee & Memphis

UKBPDevenick

EgyptBurullusWDDM Phase 8a

North SeaBP, BG, StatoilSeveral Frame Agreements

UKLundinBroom

CountryClientProjectDiversified / medium-sized

NorwayStatoilMarulk

QatarQatargas 1PMP

UKTotalIslay

BrazilPetrobrasIPB Papa-Terra

BrazilPetrobrasTupi Pilot

CountryClientProjectFlagship / Large

Well-diversified portfolio of new contracts YTD 2010


Technip’s ETH* technology Islay Project, UK North Sea

Reeled Heated Pipe-in-Pipe

• 6 km tie-back in 122 meters of water

• Major challenge: hydrates formation

• EPCI project, valued in excess of £60 million

• Offshore deployment in mid-2011 with Technip’s fleet

• Flow assurance: heated pipe-in-pipe

• Fibre optic temperature monitoring

• Fast installation: reeled pipe-in-pipe

• Built-in directly onshore, at our spoolbases

• Higher insulation efficiency: lower power requirements

*ETH: Electrical Trace Heating


Technip’s Asia Pacific Regional Hub

• Enhance local content and client proximity • Provide proven technology, world class engineering and execution

• Reinforce regional capability: Onshore / Offshore / Subsea

Technip’spriorities

• Major fabrication yard in South East Asia• Centrally located• Strong platform fabrication track record• Support from MISC / PETRONAS• Collaboration agreement to provide EPCI

capability and technology to PETRONAS

Investment in MHB

• 1st and only Asian flexible/umbilical manufacturing plant

• Offshore logistic base• Dedicated local installation capacity

Asiaflex

Perth

Bangkok

Shanghai

Singapore

Jakarta

Balikpapan

Kuala Lumpur

Technip’s Operating Centers

Flexible/Umbilical manufacturing plant

MHB’s yard

• 3,750 people• Founded in 1982

Technip in Asia Pacific

17Third Quarter 2010 Results 17

Today’s view: Business Environment

• Petrobras IPO completed • Non pre-salt work active • Flexible pipe technologies

used for both pre-salt & traditional fields

• Strong focus on logistics & local content

• High level of tendering

Brazil

• Strong activity in North Africa

• Activity across the Gulf of Guinea recovering

• Continued tendering in Angola

Africa

• Investment in refining and petrochemicals for local markets

• Promising market for flexible pipe solutions

• Strong momentum in Australian gas-related projects

Asia Pacific / India

• Some activity in Canadian oil sands and US onshore

North America

• Onshore market still very slow

Europe

• Visibility improving post Macondo• Momentum in major projects

Gulf of Mexico

• Recovery trend continues• Tendering turning to awards

North Sea

• Strategic investments continue across region

• Heavier weight towards Saudi Arabia going forward

Middle East

• Multiple opportunities both in up & downstream

Lt. America


2011: Initial View*

Market►New project momentum has grown during the year

►Many projects have slipped into 2011

►Uncertainties persist and competition remains intense

►Relative oil price stability & strategic investments are both positive drivers

Technip in 2011*► Look to start growing Group revenue

► Subsea operating margin objective around 15%

►Onshore/Offshore operating margin sustained year-on-year

* view as of September 30, 2010 at third quarter average exchange rates


2010 Full Year Outlook*

► Subsea operating margin around 16.5% (previous outlook: above 15%)

►Onshore/Offshore combined operating margin close to 6% (previousoutlook: around 5.3%)

►Group revenue around €5.9 - 6.1 billion - unchanged

► Subsea revenue around €2.6 - 2.7 billion - unchanged

*at third quarter average exchange rates


October 28, 2010

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AnnexIII.


Offshore Third Quarter Figures

+45%

197136


918

4.8%

13.6%

3Q 09 3Q 10

3Q 09 3Q 10 3Q 09 3Q 10

Revenue

Operating income*

€ million


Onshore Third Quarter Figures

(26)%617

829


40316.6%

3Q 09 3Q 10

3Q 09 3Q 09

3.7%

Revenue

Operating income*

€ million

3Q 10 3Q 10


Technip’s Backlog by Geography and Activity€8,502 million as of September 30, 2010

By geography

Europe / Russia Central Asia

Africa

AsiaPacific

Americas

Middle East

14%

38%

8%

19% 21%

Market Split

23%7%

32%

12%

25%

Deepwater*

PetrochemsOther (1%)

Gas / LNG

Refining /Heavy Oil

Shallow Water

* Contracts operated strictly below 1,000 meter water depth


Malaysia: promising deepwater oil & gas market

0 5 10 15

China

India

Malaysia

Vietnam

Indonesia

Australia

Other Asia Pacific

0

5

10

15

20

25

30

2009 2010 2011 2012 2013 2014 2015

China Other Asia (Non-OECD) Pacific (OECD)

► 3rd largest regional crude oil reserves

►Growing energy demand

► Increasing spending in domestic production

►Deepwater oil & gas developments• 7 deepwater fields being explored/developed

• 16 other fields discovered

► Local players to benefit of nationalization program

Thousand million barrels

Asia Pacific Oil Proved Reserves at end 2009

Asia Pacific Oil Demand, million barrels per day


Technip Today


Technip: bringinginnovative solutions to clients in 3 segments

► Vertical integration► In-house technologies ► Worldwide leadership► First class assets:

• Manufacturing plants• High performing vessels

► Innovative capabilities► Proprietary platform design► Proven track record in engineering

& construction

► Project management know-how ► Strong process engineering

capabilities ► Proprietary technologies (Hydrogen,

Ethylene…)

Subsea

Offshore

Onshore

TPG 500 Unideck Semi-submersible Spar EDP FPSO/FLNG


Capital intensive: fleet and manufacturing units

Vertical integration from engineering to manufacturing & construction

Two complementary business models driving financial structure and performance

Negative capital employed: low fixed assets

High degree of outsourcing & sub-contracting


FY 08

523 533

FY 09

€ million

Operating Income*

19.5%

FY08 FY 09

18.6 %

Operating Margin*

FY 08

192 191

FY 09

€ million

Combined Operating Income*

4.0%

FY08 FY 09

5.3%

CombinedOperating Margin*

Negative working capital

Offshore OnshoreSubsea


Large diversified customer base balanced between National Oil Companies and International Oil Companies


Technip’s worldwide presence

Aberdeen

ParisSt. John’s

Luanda

Rio de Janeiro

Houston

Mumbai

Kuala Lumpur

Perth

Lagos

Vitória

Los Angeles

Caracas

Dande

Lobito

Port Harcourt

BarcelonaLyon

RomeAthens

The HagueDüsseldorf

St. PetersburgEvanton

LondonNewcastle

Abu DhabiDoha

Chennai Bangkok

Singapore

JakartaBalikpapan

Shanghai

Pori

Le Trait

Bogota

New Delhi

Regional Headquarters / Operating centers

Spoolbases

Manufacturing plants (flexible pipelines)Manufacturing plants (umbilicals)Construction yard

Tanjung Langsat(operational in 2010)

Calgary

Monterrey

Oslo

Orkanger

Stavanger

Services base

Baku

Angra Porto

Seven empowered regions


Installation Manufacture & Fabricate

R&D

• Manufacturing plants on all continents

Flexible plants:France, Brazil, Malaysia

Rigid spoolbases:UK, Norway, USA, Angola

Logistic bases:Brazil

Umbilical plants:UK, USA, Angola

• State-of-the-art fleet designed to:

• Install pipes

• Heavy construction

• Diving support

Seamless execution Subsea, a unique vertically integrated business model

• Close to production sites

• Proprietary technology

Design & Project Management

• Dedicated engineering teams around the world

Strategic locationsParisAberdeenOsloHoustonKuala LumpurPerthRio de Janeiro

2

World-classR&D facilitiesLe Trait (France)Aberdeen (UK)Newcastle (UK)Rio & Vitoria (Brazil)

1

34


Jubilee, an example of a seamless project execution

Houston

Paris

Multi vessel installation (Incl. Deep Blue/ Deep Pioneer)

Jubilee

• The first offshore field in Ghana

• Engineering, Fabrication and Installation projects involving Technip’s centers in Paris, Houston and Angola

• Fabrication of flexible pipes in Le Trait, France

• Mobilization of Deep Blue and Deep Pioneer for offshore campaign

Le Trait

Fabrication of the flexible pipes

at Le Trait

Angola

Coordinated Engineering

teams from the Subsea Division


State-of-the-art fleet

Pipelay vessels

Heavy Construction Vessels (HCV)

Diving Support Vessels (DSV)

Deep Blue Apache II Deep Energy

Deep Pioneer Sunrise 2000 Skandi Vitoria

Alliance

Wellservicer

Seamec 2

Seamec 3 Venturer

Seamec 1 Orelia Seamec Princess

2 major vessel upgrades

Skandi Arctic Skandi Achiever

2 new assets

Deep Constructor Skandi Niteroi

3 units

5 units

10 units


Ethylene Increasedefficiency

Cryogenic Rigid Pipe-in-PipeFlow-assuranceUltra Deepwater

State-of-the-art technology in all business segments

Unrivalled high technological assets Numerous proprietary technologies and partnerships with licensors

• LNG unloading/ long distance applications

Heated and monitoredFlexible Pipes

3,000m (7”- 11”)Flexible Pipes

Heated Rigid Pipe-in-Pipe

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

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

• New Electrical Trace Heating technology qualified by major clients

• Increasing ethylene and refining efficiency

Subsea Offshore Onshore


Synergies of Technip’s broad ranging strengths in all three business segments

Example: FLNG1, an innovative solution for our customers Shell in Australia

► FLNG is a commercially attractive and environmentally sensitive approach for offshore gas fields in remote locations

► Technip’s unique combination of skills and technology:• LNG process• Offshore facilities• Subsea infrastructures

► Shell’s Prelude field specific FEED awarded in first quarter 2010

► Petrobras FEED awarded at the end of 2009

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

1: Floating Liquified Natural Gas


Shareholding structure, June 2010

Listed on NYSE Euronext ParisSource: Ipreo June 2010

FSI5.4%

North America29.2%

Treasury Shares2.8%

Employees2.3%

IFP2.7%

Rest of World16.9%

French Institutional Investors20.1%

Individual shareholders5.7%

Others3.7%

UK & Ireland11.2%

Institutional Investors82.8%


October 28, 2010

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Documents

Technip Third Quarter 2010 Results FINAL Quarter 2010 Results 7 (27)% 154 211 Subsea Third Quarter Figures (6)% ... PDVSA / Cupet Lt. Am. Cienfuegos ... Port Harcourt Barcelona Lyon