Technip’s Fourth Quarter and Full Year 2012 Results

  Technip’s Fourth Quarter and Full Year 2012 Results

2012 Objectives Achieved; 2013 Revenue and Profit Expected to Grow

Business Wire

PARIS -- February 21, 2013

Regulatory News:

Technip (Paris:TEC) (ISIN:FR0000131708):

2012 RESULTS

  *Robust order intake, revenue and operating margins in 4Q 2012
  *Backlog at €14.3 billion, of which €6.0 billion in Subsea
  *Full year revenue of €8.2 billion
  *Full year operating margin^1 of 10.0%
  *Net income of €540 million
  *Recommendation to raise 2012 dividend by €0.10 to €1.68 per share

FULL YEAR 2013 OUTLOOK^2

  *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 around 15%
  *Onshore/Offshore revenue growing to between €4.7 and €5.1 billion, with
    operating margin between 6% and 7%

On February 19, 2013, Technip’s Board of Directors approved the audited full
year 2012 consolidated financial statements.

                                                              
€ million
(Except
Diluted       FY 11      FY 12      Change    4Q 11      4Q 12      Change
Earnings
per Share)
Revenue       6,813.0    8,203.9    20.4%     2,014.3    2,300.5    14.2%
EBITDA^3      883.5      1,016.6    15.1%     274.0      289.0      5.5%
EBITDA        13.0%      12.4%      (58)bp    13.6%      12.6%      (104)bp
Margin
Operating
Income
from             709.5         821.7         15.8%        208.2         237.5         14.1%
Recurring
Activities
Operating        10.4%         10.0%         (40)bp       10.3%         10.3%         (1)bp
Margin
Operating     693.8      812.2      17.1%     197.2      235.0      19.2%
Income
Net Income       507.3         539.7         6.4%         149.5         147.0         (1.7)%
Diluted
Earnings
per              4.41          4.50          2.1%         1.28          1.21          (5.5)%
Share^4
(€)
Dividend
per           1.58       1.68       6.3%                          
share^5
(€)
Order            7,975         11,649                     2,239         2,975
Intake
Backlog       10,416     14,251     36.8%                         
                                                                                      

Thierry Pilenko, Chairman and CEO, commented: “Technip's performance was in
line with our objectives throughout 2012, including the fourth quarter. Full
year group revenue grew by 20% and operating profit by 16%, giving an
operating margin again stable at 10%. Our backlog grew to €14billion, whilst
remaining diversified by geography, market segment and project type, which we
hold to be a critical success factor in our industry. The projects we
delivered and won in 2012 reflect our focus on offering our clients
differentiating technologies, and on securing involvement in projects early in
their life-cycle. To support our growth, we have invested in talent worldwide
- Technip now employs 36,500 people compared to 31,000 a year ago - and in new
assets, acquisitions and alliances.

Subsea operating margin in 2012 was in line with our objective, at 15% on
revenue, which grew ahead of plan by 36%. The Global Industries integration
progressed well, and we were able to win many important projects for the two
“G” vessels for 2013 and beyond. Overall, this acquisition is delivering what
we expected. The alliance with Heerema confirms our leadership in the Subsea
market worldwide, giving our clients access to the broadest range of skills
from upstream engineering to all types of pipelay and construction assets. Our
investments in assets and flexible pipe technology give us a strong position,
for example, in deepwater developments in areas such as Brazil.

Onshore/Offshore operating margin was at the top end of our expectations at
7%. We were able to convert early stage involvement in projects at FEED and
conceptual phases into larger EPC scopes in places such as the Middle East,
Latin America and Eastern Europe. We completed the acquisition of Stone and
Webster Process Technologies in August giving us a foothold in the North
American downstream market and have since formed a worldwide unit focusing on
onshore technologies. We have also strengthened our position in new areas such
as Floating LNG, where we confirmed key relationships with major clients.

Furthermore, we have pursued the development of Technip into a more
diversified and international group, including at Board level with the
appointments made in 2012 and those to be proposed at our next AGM. Upon their
ratification, our twelve-member Board will comprise five women and seven men,
from seven different nationalities, and reflecting key markets.

Technip starts 2013 with a substantial, profitable backlog of business to
execute. We believe our markets, whilst competitive and never immune to
general economic conditions, remain robust and growing. Our clients continue
to focus on replacing and raising production from increasingly challenging
areas and reservoirs. They seek long-term relationships with contractors that
are capable of developing and deploying the right technologies and who can
embrace national content and local execution. Upstream investments should grow
at a double digit rate and several very large oil and gas offshore
developments should be sanctioned in the next couple of years. Downstream will
be particularly active in petrochemicals, notably in North America.

We will continue to be selective about the projects we take on so as to ensure
reliable execution and delivery to both clients and shareholders. We will
pursue our capex program, with a focus on delivering our current commitments.

On this basis, we expect to grow revenue and profit at Technip again in 2013
in both our segments. We expect full year operating margins of around 15% in
Subsea. This target reflects on the one hand our robust, growing Subsea
backlog, but also the dilutive effect of the revenue contribution from
recently-won multiyear projects and the substantial start-up costs for both
new vessels and manufacturing plants. We target Onshore/Offshore operating
margins in line with our long-term expectations at 6 to 7%.

Accordingly, confident in our strategy, our backlog, and our potential for
profitable growth, we propose to Technip’s General Shareholders’ Meeting an
increase of 10 eurocents in the dividend, to €1.68 per share, in line with our
practice of regularly increasing the payout to shareholders.”

^1 Operating income from recurring activities divided by revenue.
^2 Based on the year-to-date average exchange rates.
^3 Operating income from recurring activities before depreciation and
amortization.
^4 As per IFRS, diluted earnings per share are calculated by dividing profit
or loss attributable to the Parent Company’s Shareholders, restated from
financial interest related to dilutive potential ordinary shares, by the
weighted average number of outstanding shares during the period, plus the
effect of dilutive potential ordinary shares related to the convertible bonds,
dilutive stock options and performance shares calculated according to the
“Share Purchase Method” (IFRS 2), less treasury shares. In conformity with
this method, anti-dilutive stock options are ignored in calculating EPS.
Dilutive options are taken into account if the subscription price of the stock
options plus the future IFRS 2 charge (i.e. the sum of annual charge to be
recorded until the end of the stock option plan) is lower than the average
market share price during the period.
^5 Recommendation of Technip’s Board of Directors to be approved during the
Annual General Shareholders’ Meeting (AGM) on April 25, 2013.

I. PROJECT PORTFOLIO

1. Fourth Quarter 2012 Order Intake

During fourth quarter 2012, Technip’s order intake was €2,975 million. The
breakdown by business segment was as follows:

                                     
Order Intake (€ million)    4Q 2011    4Q 2012
Subsea                      1,216.0    914.1
Onshore/Offshore               1,022.6       2,061.0
Total                       2,238.6    2,975.1
                                             

Subsea order intake included several small and medium-sized contracts on
several continents, notably the second phase of the Total E&P Angola GirRI
project, which was awarded after the successful completion of the first phase
in 2012. In the Americas, we were awarded several projects involving our
leading assets and expertise: the G1200 vessel will notably lay 30’’ pipeline
on the South Timbalier Block 283 Junction Platform project, which will be the
largest lines she has installed to date, and work on Starfish field in
Trinidad and Tobago for BG International Ltd.

Onshore/Offshore order intake comprised several commercial successes for both
offshore production units and onshore downstream activities. We were awarded
our first tension leg platform project by Sabah Shell Petroleum Company for
the Malikai project in Malaysia. As consortium leader, we were chosen by Total
E&P Norge for a contract covering engineering, procurement, fabrication,
transportation, hookup and commissioning of the topsides for the Martin Linge
platform in Norway. We also signed an EPC contract with BASF in Germany for
the expansion of a chlorine plant, a project on which we also carried out the
FEED. Other awards included notably an engineering and procurement contract
for an ethylene production plant in the USA.

The main contracts announced since October 2012 and their approximate value,
if publicly disclosed, are listed in annex IV (b).

2. Backlog by Geographic Area

At the end of fourth quarter 2012, Technip’s backlog rose to €14,251 million,
compared with €13,518 million at the end of third quarter 2012 and €10,416
million at the end of fourth quarter 2011.

Backlog by geographic area is set out in the following table:

                                           
Backlog by Geographic Area      Sept. 30,    Dec. 31,
(€ million)                        2012            2012
Europe, Russia, Central Asia       3,407           4,339
Africa                             1,181           1,207
Middle East                        1,789           1,578
Asia Pacific                       2,841           3,030
Americas                           4,300           4,097
Total                           13,518       14,251
                                                   

3. Backlog Scheduling

Approximately 50% of the backlog is estimated to be scheduled for execution in
2013.

                                                            
Estimated Backlog Scheduling
as of                            Subsea    Onshore/Offshore    Group
December 31, 2012 (€ million)
2013                             3,242     3,842               7,084
2014                                1,682        2,820                  4,502
2015 and beyond                     1,126        1,539                  2,665
Total                            6,050     8,201               14,251
                                                                        

II. FOURTH QUARTER 2012 OPERATIONAL & FINANCIAL HIGHLIGHTS

1. Subsea

Subsea main operations for the quarter were as follows:

  *In the North Sea, offshore operations were completed on Vigdis NE field
    development in Norway. Projects such as Goliat in the Barents Sea
    progressed and newer projects such as Greater Stella Area development in
    the UK and Bøyla field development in Norway ramped-up,
  *In the Americas:

       *Venezuela: works continued on the Mariscal Sucre Accelerated
         Development,
       *Brazil: the first batch of flexible pipes was delivered for Guara &
         Lula Nordeste pre-salt fields at a water depth of 2,250 meters, while
         offshore operations continued on BC-10 phase 2 project with the Deep
         Blue and the Deep Pioneer,

  *In Africa, offshore phases were completed on the Gabonese work scope for
    CoGA project and the G1200 vessel finalized subsea operations on Jubilee
    1A project in Ghana. In Angola, fabrication of umbilicals progressed for
    CLOV project at our Angoflex plant and the engineering phase started on
    GirRI phase 2 project with team mobilizations in Paris and Luanda,
  *Elsewhere, offshore installation was completed on South West Fatah and
    Falah project in the UAE.

Overall Group vessel utilization rate for the fourth quarter 2012 was 78%,
compared with 77% for the third quarter 2012.

Subsea financial performance is in line with expectations reflecting notably
the year-on-year impact of the integration of the acquisition made late 2011.

                                                           
€ million                               4Q 2011    4Q 2012    Change
Subsea                                                       
Revenue                                    964.1         1,200.4       24.5%
EBITDA                                     218.2         219.9         0.8%
EBITDA Margin                              22.6%         18.3%         (431)bp
Operating Income from Recurring            158.3         178.7         12.9%
Activities
Operating Margin                        16.4%      14.9%      (153)bp
                                                                       

2. Onshore/Offshore

Onshore/Offshore main operations for the quarter were as follows:

  *In the Middle East:

       *Abu Dhabi: commissioning was completed on Asab 3, and civil works
         progressed on Satah full field development. Mobilization of
         engineering teams started on Upper Zakum 750 EPC1 project and the
         first orders were placed,
       *Saudi Arabia: on Jubail refinery, procurement was completed,
         construction works progressed on package 2A while pre-commissioning
         advanced on package 5A. Engineering works progressed and procurement
         started on KEMYA Halobutyl project, while the installation of subsea
         cables, wellhead jackets and topsides progressed on Khafji Crude
         Related project,
       *Qatar: construction works progressed on PMP,

  *In Asia Pacific:

       *Malaysia: FEED activities on RAPID project progressed, as well as
         engineering works on Petronas FLNG1,
       *Australia: construction works started for Prelude FLNG at the South
         Korean construction yard, while engineering activities progressed on
         Wheatstone platform and Ichthys FPSO,

  *In the Americas,

       *USA: fabrication of Lucius Spar hull progressed in Pori, our yard in
         Finland, while early works for the Heidelberg Spar commenced. FEED
         works started on Mosaic ammonia and Dow Chemical Freeport Ethylene
         projects,
       *Mexico: detailed engineering and procurement progressed and
         construction started on Ethylene XXI project,
       *Brazil: engineering works were completed on P-58 & P-62 FPSOs, while
         construction works progressed on Cubatao refinery,

  *Elsewhere, procurement continued as construction activities began on the
    Burgas refinery in Bulgaria. Engineering works continued on Hejre platform
    in the North Sea and construction activities progressed on Algiers
    refinery in Algeria.

Onshore/Offshore financial performance is set out in the following table:

                                                            
€ million                                4Q 2011    4Q 2012    Change
Onshore/Offshore                                              
Revenue                                     1,050.2       1,100.1       4.8%
Operating Income from Recurring             67.9          79.3          16.8%
Activities
Operating Margin                         6.5%       7.2%       74bp
                                                                        

3. Group

Technip Group’s operating income from recurring activities including Corporate
charges as detailed in annex I (c) is set out in the following table:

                                                            
€ million                                4Q 2011    4Q 2012    Change
Group                                                         
Revenue                                     2,014.3       2,300.5       14.2%
Operating Income from Recurring             208.2         237.5         14.1%
Activities
Operating Margin                         10.3%      10.3%      (1)bp
                                                                        

Compared to fourth quarter 2011, foreign exchange had a positive impact
estimated at €47million on revenue and no impact on operating income from
recurring activities in fourth quarter 2012.

Financial result on contracts recognized as revenue amounted to €3 million in
fourth quarter 2012.

4. Group Net Income

Operating income was €235 million in fourth quarter 2012, including €3 million
of acquisition costs, versus €197 million a year ago.

Financial result in fourth quarter 2012 included a €9 million negative impact
from changes in foreign exchange rates and fair market value of hedging
instruments, compared with a €16million positive impact in fourth quarter
2011.

The variation in diluted number of shares is mainly due to the potential
dilution of convertible bonds (OCEANE), capital increase for Technip
employees, as well as share subscription options and performance shares
granted to Group employees.

                                                           
€ million, except Diluted
Earnings per Share, and         4Q 2011        4Q 2012        Change
Diluted
Number of Shares
Operating Income from           208.2          237.5          14.1%
Recurring Activities
Income / (Charges) from            (11.0)            (2.5)             nm
Non-Current Activities
Operating Income                   197.2             235.0             19.2%
Financial Result                   11.0              (35.7)            nm
Share of Income / (Loss) of        -                 1.0               nm
Equity Affiliates
Income Tax Expense                 (61.5)            (52.9)            (14.0)%
Effective Tax Rate                 29.5%             26.4%             (313)bp
Non-Controlling Interests          2.8               (0.4)             nm
Net Income                         149.5             147.0             (1.7)%
Diluted Number of Shares           118,909,690       125,455,066       5.5%
Diluted Earnings per Share      1.28           1.21           (5.5)%
(€)
                                                                       

5. Cash Flow and Statement of Financial Position

As of December 31, 2012, Group’s net cash position was €183 million, compared
to €184million at end September 2012.

                                                             
Net Cash Position as of September 30, 2012                    183.5
Net Cash Generated from / (Used in) Operating                  229.3
Activities
of which:
Cash Generated from / (Used in) Operations                     226.1
Change in Working Capital Requirements                         3.2
Capital Expenditures                                           (161.3)
Other including FX Impacts*                                    (68.3)
Net Cash Position as of December 31, 2012                     183.2
(*) Includes the impact of assessment of purchase price allocation of Global
Industries, which is reflected in the
restated December 31, 2011 statement of financial position, in annex II.


Capital expenditures for fourth quarter 2012 were €161 million compared to
€139million one year ago.

Shareholders’ equity as of December 31, 2012, was €4,014 million compared with
€3,673million as of December 31, 2011.

III. FULL YEAR 2012 FINANCIAL RESULTS

1. Subsea

Subsea revenue in 2012 reflected growth in our backlog and progress on various
projects worldwide, notably in the North Sea as well as a mix of deepwater and
shallow water projects in the Americas and Africa.

Subsea EBITDA margin was 19.0% for full year 2012 versus 21.7% in 2011 and
operating margin was 14.9% for full year 2012 versus 16.8% in 2011, reflecting
progress in delivering our projects, offset by the low utilization in 2012 of
the Global Industries assets acquired at the end of 2011.

Subsea financial performance is set out in the following table:

                                                           
€ million                               FY 2011    FY 2012    Change
Subsea                                                       
Revenue                                    2,972.0       4,047.6       36.2%
EBITDA                                     645.1         767.3         18.9%
EBITDA Margin                              21.7%         19.0%         (275)bp
Operating Income from Recurring            497.9         603.1         21.1%
Activities
Operating Margin                        16.8%      14.9%      (185)bp
                                                                       

2. Onshore/Offshore

Onshore/Offshore revenue reflected growth in our backlog and progress on
diversified projects around the world, including onshore downstream projects
in the Middle East, Europe and the Americas, as well as offshore production
facility projects in the North Sea, Asia Pacific and the Gulf of Mexico.

Onshore/Offshore operating margin was 7.0% for full year 2012 quite stable
versus 7.1% in 2011, reflecting progress on a broad range of projects.

Onshore/Offshore financial performance is set out in the following table:

                                                            
€ million                                FY 2011    FY 2012    Change
Onshore/Offshore                                              
Revenue                                     3,841.0       4,156.3       8.2%
Operating Income from Recurring             273.7         290.4         6.1%
Activities
Operating Margin                         7.1%       7.0%       (14)bp
                                                                        

3. Group

Technip Group’s operating income from recurring activities including Corporate
charges as detailed in annex I (c) is set out in the following table:

                                                            
€ million                                FY 2011    FY 2012    Change
Group                                                         
Revenue                                     6,813.0       8,203.9       20.4%
Operating Income from Recurring             709.5         821.7         15.8%
Activities
Operating Margin                         10.4%      10.0%      (40)bp
                                                                        

In 2012, foreign exchange had a positive impact estimated at €235 million on
revenue and €17 million on operating income from recurring activities.

Financial result on contracts recognized as revenue amounted to €12 million in
2012.

4. Group Net Income

Operating income was €812 million in 2012 (including €10 million of
acquisition costs) versus €694 million a year ago.

Financial result in 2012 included a €12 million negative impact from changes
in foreign exchange rates and fair market value of hedging instruments,
compared with a €41million positive impact last year.

The variation in diluted number of shares is mainly due to the potential
dilution of convertible bonds (OCEANE), capital increase for Technip
employees, and share subscription options and performance shares granted to
Technip Group employees.

                                                           
€ million, except Diluted
Earnings per Share, and         FY 2011        FY 2012        Change
Diluted
Number of Shares
Operating Income from           709.5          821.7          15.8%
Recurring Activities
Income / (Charges) from
Non-Current                        (15.7)            (9.5)             nm
Activities
Operating Income                   693.8             812.2             17.1%
Financial Result                   17.4              (65.3)            nm
Share of Income / (Loss) of        -                 1.0               nm
Equity Affiliates
Income Tax Expense                 (208.7)           (204.8)           (1.9)%
Effective Tax Rate                 29.3%             27.4%             (196)bp
Non-Controlling Interests          4.8               (3.4)             nm
Net Income                         507.3             539.7             6.4%
Diluted Number of Shares           117,498,889       124,419,663       5.9%
Diluted Earnings per Share      4.41           4.50           2.1%
(€)
                                                                       

5. Cash Flow and Statement of Financial Position

As of December 31, 2012, Group’s net cash position was €183 million compared
to €657million at end 2011.

                                                             
Net Cash Position as of December 31, 2011*                    657.1
Net Cash Generated from / (Used in) Operating                  444.7
Activities
of which:
Cash Generated from / (Used in) Operations                     883.6
Change in Working Capital Requirements                         (438.9)
Capital Expenditures                                           (518.9)
Dividends Paid                                                 (172.6)
Acquisitions of Stone & Webster Process                        (232.0)
Technologies
Other including FX Impacts*                                    4.9
Net Cash Position as of December 31, 2012                     183.2
(*) Includes the impact of assessment of purchase price allocation of Global
Industries, which is reflected in the
restated December 31, 2011 statement of financial position, in annex II.


Capital expenditures in 2012 amounted to €519million versus €357 million one
year ago, underlying our sustained effort to introduce new assets as quickly
as possible. Total capital expenditures for 2013 are expected to be similar.

IV. FULL YEAR 2013 OUTLOOK

We expect to grow revenue and profit at Technip again in 2013 in both our
segments. We expect full year operating margins of around 15% in Subsea. This
target reflects on the one hand our robust, growing Subsea backlog, but also
the dilutive effect of the revenue contribution from recently-won multiyear
projects and the substantial start-up costs for both new vessels and
manufacturing plants. We target Onshore/Offshore operating margins in line
with our long-term expectations at 6 to 7%.

  *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 around 15%
  *Onshore/Offshore revenue growing to between €4.7 and €5.1 billion, with
    operating margin between 6% and 7%

V. Other

It is proposed to the General Shareholders’ Meeting to be held on April 25,
2013 to appoint Manisha Girotra and Pierre-Jean Sivignon as new members of
Technip’s Board of Directors. These appointments would further strengthen
Technip’s Board of Directors as independent and diverse through experience,
gender and geography, also reflecting our key markets.

                                      °

                                     ° °

The information package on Fourth Quarter and Full Year 2012 results includes
 this press release and the annexes which follow, as well as the presentation
               published on Technip’s website: www.technip.com

Audit procedures on the consolidated financial statements are complete. The
audit opinion will be issued once all audit procedures required for the filing
of the Reference Document are finalized.

                                    NOTICE

Today, Thursday, February 21, 2013, Chairman and CEO Thierry Pilenko, along
with CFO Julian Waldron, will comment on Technip’s results and answer
questions from the financial community during a conference call in English
starting at 9:30a.m. CET.

To participate in the conference call, you may call any of the following
telephone numbers approximately 5 - 10 minutes prior to the scheduled start
time:

   France / Continental Europe:    +33 (0) 1 70 77 09 41
      UK:                                + 44 (0)203 367 9461
      USA:                               + 1 855 402 7763

The conference call will also be available via a simultaneous, listen-only
audio-cast on Technip’s website.

A replay of this conference call will be available approximately two hours
following the conference call for 90 days on Technip’s website and for two
weeks at the following telephone numbers:

                              Telephone Numbers     Confirmation Code
      France / Continental          + 33 (0)1 72 00 15       280050#
      Europe:                       00
      UK:                           + 44 (0)203 367          280050#
                                    9460
      USA:                          + 1 877 642 3018         280050#

Cautionary note regarding forward-looking statements

This 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, 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 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 other jurisdictions.

                                     ****

                                      °

                                     ° °

Technip is a world leader in project management, engineering and construction
for the energy industry.

From the deepest Subsea oil & gas developments to the largest and most complex
Offshore and Onshore infrastructures, our 36,500 people are constantly
offering the best solutions and most innovative technologies to meet the
world’s energy challenges.

Present in 48 countries, Technip has state-of-the-art industrial assets on all
continents and operates a fleet of specialized vessels for pipeline
installation and subsea construction.

Technip shares are listed on the NYSE Euronext Paris exchange and the USA
over-the-counter (OTC) market as an American Depositary Receipt (ADR: TKPPY).

ANNEX I (a)
CONSOLIDATED STATEMENT OF INCOME
IFRS
                                                                 
€ million          Fourth Quarter                                 Full Year
                      Not audited                                       Audited
(Except Diluted
Earnings per
Share and          2011           2012           Change     2011           2012           Change
Diluted Number
of
Shares)
Revenue            2,014.3        2,300.5        14.2%      6,813.0        8,203.9        20.4%
Gross Margin       362.4          443.2          22.3%      1,286.6        1,551.6        20.6%
Research &
Development           (19.1)         (18.5)         (3.1)%        (65.3)         (68.7)         5.2%
Expenses
SG&A and Other     (135.1)        (187.2)        38.6%      (511.8)        (661.2)        29.2%
Operating
Income from        208.2          237.5          14.1%      709.5          821.7          15.8%
Recurring
Activities
Non-Current
Operating             (11.0)            (2.5)             nm            (15.7)            (9.5)             nm
Result
Operating          197.2          235.0          19.2%      693.8          812.2          17.1%
Income
Financial             11.0              (35.7)            nm            17.4              (65.3)            nm
Result
Share of Income
/ (Loss)              -                 1.0               nm            -                 1.0               nm
of Equity
Affiliates
Income / (Loss)    208.2          200.3          (3.8)%     711.2          747.9          5.2%
before Tax
Income Tax            (61.5)            (52.9)            (14.0)%       (208.7)           (204.8)           (1.9)%
Expense
Non-Controlling       2.8               (0.4)             nm            4.8               (3.4)             nm
Interests
Net Income /       149.5          147.0          (1.7)%     507.3          539.7          6.4%
(Loss)
                                                                                    
Diluted Number
of                 118,909,690    125,455,066    5.5%       117,498,889    124,419,663    5.9%
Shares
                                                                                    
Diluted
Earnings per       1.28           1.21           (5.5)%     4.41           4.50           2.1%
Share (€)
                                                                                                            
                                                                                    
                                                                                                            

ANNEX I (b)
FOREIGN CURRENCY CONVERSION RATES
                              
         Closing Rate as of    Average Rate of
            Dec.         Dec.        4Q          4Q          FY          FY
        31,       31,      2011     2012     2011     2012
            2011         2012
USD
for 1    1.29      1.32     1.35     1.30     1.39     1.29
EUR
GBP
for 1    0.84      0.82     0.86     0.81     0.87     0.81
EUR
BRL
for 1    2.42      2.70     2.42     2.67     2.33     2.51
EUR
NOK
for 1    7.75      7.35     7.76     7.37     7.79     7.48
EUR
                                                            

ANNEX I (c)
ADDITIONAL INFORMATION BY BUSINESS SEGMENT
IFRS, not audited
                                                          
                    Fourth Quarter                         Full Year
€ million           2011       2012       Change     2011       2012       Change
SUBSEA                                                                          
Revenue                964.1         1,200.4       24.5%         2,972.0       4,047.6       36.2%
Gross Margin           221.0         264.5         19.7%         724.9         907.1         25.1%
Operating Income
from Recurring         158.3         178.7         12.9%         497.9         603.1         21.1%
Activities
Operating Margin       16.4%         14.9%         (153)bp       16.8%         14.9%         (185)bp
Depreciation and       (59.9)        (41.2)        (31.2)%       (147.2)       (164.2)       11.5%
Amortization
EBITDA                 218.2         219.9         0.8%          645.1         767.3         18.9%
EBITDA Margin       22.6%      18.3%      (431)bp    21.7%      19.0%      (275)bp
ONSHORE/OFFSHORE
Revenue                1,050.2       1,100.1       4.8%          3,841.0       4,156.3       8.2%
Gross Margin           141.4         178.7         26.4%         561.7         644.5         14.7%
Operating Income
from Recurring         67.9          79.3          16.8%         273.7         290.4         6.1%
Activities
Operating Margin       6.5%          7.2%          74bp          7.1%          7.0%          (14)bp
Depreciation and    (6.9)      (10.3)     49.3%      (26.8)     (30.7)     14.6%
Amortization
CORPORATE
Operating Income
from Recurring         (18.0)        (20.5)        13.9%         (62.1)        (71.8)        15.6%
Activities
Depreciation and    1.0        -          nm         -          -          nm
Amortization



ANNEX I (d)
REVENUE BY GEOGRAPHICAL AREA
IFRS, not audited
                                                          
                       Fourth Quarter                            Full Year
€ million           2011       2012       % Δ        2011       2012       % Δ
Europe, Russia,     367.0      629.7      71.6%      1,749.4    2,414.1    38.0%
Central Asia
Africa              382.3      222.3      (41.9)%    1,060.5    729.0      (31.3)%
Middle East         414.2      352.8      (14.8)%    1,509.6    1,147.6    (24.0)%
Asia Pacific        302.2      393.7      30.3%      931.8      1,331.0    42.8%
Americas            548.6      702.0      28.0%      1,561.7    2,582.2    65.3%
TOTAL               2,014.3    2,300.5    14.2%      6,813.0    8,203.9    20.4%
                                                                                             

ANNEX II
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
IFRS
                                                          
                                            Dec. 31, 2011,       Dec. 31, 2012
                                            restated*         (audited)
                                            (audited)
€ million                                                 
Fixed Assets                                5,662.0           6,022.2
Deferred Tax Assets                      319.2             300.5
Non-Current Assets                       5,981.2           6,322.7
                                                         
Construction Contracts – Amounts in         588.0                454.3
Assets
Inventories, Trade Receivables and          2,392.6              2,504.8
Other
Cash & Cash Equivalents                  2,808.7           2,289.3
Current Assets                           5,789.3           5,248.4
                                                         
Assets Classified as Held for Sale       -                 9.9
                                                         
Total Assets                             11,770.5          11,581.0
                                                         
Shareholders’ Equity (Parent Company)       3,651.6              4,001.2
Non-Controlling Interests                21.7              13.2
Shareholders’ Equity                     3,673.3           4,014.4
                                                         
Non-Current Financial Debts                 1,553.4              1,705.7
Non-Current Provisions                      140.3                162.3
Deferred Tax Liabilities and Other       231.4             265.2
Non-Current Liabilities
Non-Current Liabilities                  1,925.1           2,133.2
                                                         
Current Financial Debts                     598.2                400.4
Current Provisions                          346.9                351.2
Construction Contracts – Amounts in         724.3                873.0
Liabilities
Trade Payables & Other                   4,502.7           3,808.8
Current Liabilities                      6,172.1           5,433.4
                                                         
Total Shareholders’ Equity &             11,770.5          11,581.0
Liabilities
                                                         
Net Cash Position                        657.1             183.2
(*) Restated with assessment of purchase price allocation of Global Industries



Statement of Changes in Shareholders’ Equity (Parent Company),
Not audited (€ million):
Shareholders’ Equity as of December 31, 2011        3,651.6
Full Year 2012 Net Income                              539.7
Full Year 2012 Other Comprehensive Income              (53.9)
Capital Increase                                       115.8
Dividends Paid                                         (172.6)
Others                                                 (79.4)
Shareholders’ Equity as of December 31, 2012        4,001.2
                                                       

ANNEX III (a)
CONSOLIDATED STATEMENT OF CASH FLOWS
IFRS, audited
                          
                             Full Year
€ million                 2011                     2012
                                                             
Net Income / (Loss)          507.3                       539.7
Depreciation &
Amortization of Fixed        174.0                       194.9
Assets
Stock Options and
Performance Share            46.0                        48.6
Charges
Non-Current Provisions
(including Employee          18.4                        22.2
Benefits)
Deferred Income Tax          27.5                        52.9
Net (Gains) / Losses
on Disposal of Assets        0.8                         (5.6)
and
Investments
Non-Controlling              8.5                         30.9
Interests and Other
Cash Generated from /        782.5                       883.6
(Used in) Operations
                                                                       
Change in Working            (130.9)                     (438.9)
Capital Requirements
                                                                       
Net Cash Generated
from / (Used in)                           651.6                       444.7
Operating
Activities
                                                       
                                                                       
Capital Expenditures         (357.2)                     (518.9)
Proceeds from
Non-Current Asset            3.8                         43.8
Disposals
Acquisitions of              (13.3)                      (3.3)
Financial Assets
Acquisition Costs of
Consolidated                 (591.0)                     (245.0)
Companies, Net of Cash
Acquired
                                                                       
Net Cash Generated
from / (Used in)                           (957.7)                     (723.4)
Investing
Activities
                                                       
                                                                       
Net Increase /
(Decrease) in                132.9                       (39.8)
Borrowings
Capital Increase             34.4                        115.8
Dividends Paid               (156.1)                     (172.6)
Share Buy-Back               0.4                         (107.9)
                                                                       
Net Cash Generated
from / (Used in)                           11.6                        (204.5)
Financing
Activities
                                                       
                                                                       
Net Effects of Foreign                     (2.5)                       (36.4)
Exchange Rate Changes

Net Increase /
(Decrease) in Cash and                     (297.0)                     (519.6)
Cash
Equivalents
                                                       
                                                                       
Bank Overdrafts at           (0.1)                       (0.1)
Period Beginning
Cash and Cash
Equivalents at Period        3,105.7                     2,808.7
Beginning
Bank Overdrafts at           (0.1)                       (0.3)
Period End
Cash and Cash
Equivalents at Period        2,808.7                     2,289.3
End
                                           (297.0)                     (519.6)
                                                                       

ANNEX III (b)
CASH & FINANCIAL DEBTS
IFRS
                                     
                                        Cash and Financial Debts
                                        Dec. 31, 2011           Dec. 31, 2012
€ million                            restated*            (audited)
                                        (audited)
Cash Equivalents                        1,890.1              965.7
Cash                                    918.6                   1,323.6
Cash & Cash Equivalents (A)          2,808.7              2,289.3
Current Financial Debts                 598.2                   400.4
Non-Current Financial Debts             1,553.4                 1,705.7
Gross Debt (B)                       2,151.6              2,106.1
Net Cash Position (A - B)            657.1                183.2
(*) Restated with assessment of purchase price allocation of Global Industries




ANNEX IV (a)
BACKLOG
not audited
                    
                    Backlog by Business Segment
€ million           Dec. 31,    Dec. 31,    Change
                       2011           2012
Subsea                 4,380.2     6,049.8     38.1%
Onshore/Offshore       6,035.9        8,200.8        35.9%
Total               10,416.1    14,250.6    36.8%
                                                     
                                         
                                                     

                                 ANNEX IV (b)
                               CONTRACT AWARDS
                                 not audited

The main contracts we announced during fourth quarter 2012 were the following:

Subsea segment was awarded:

  *By Murphy Exploration & Production Company, USA, a lump sum contract for
    the development of the Dalmatian field, located in the Gulf of Mexico, at
    a water depth ranging from 530 to 1,800 meters,
  *In a consortium with China Offshore Oil Engineering Co. Ltd (COOEC), by
    China National Offshore Oil Corporation (CNOOC) Deepwater Development
    Limited, an engineering, procurement, installation and construction
    services contract for the South China Sea deepwater gas development
    project in the Panyu field, located about 150 kilometers South of Hong
    Kong,
  *By Total E&P Angola an engineering, procurement, construction and
    commissioning (EPIC) contract for the second phase of the Girassol
    Resources Initiatives (GirRI) development project,
  *A lump sum contract for the development of subsea infrastructure for the
    Shell Offshore Inc. Cardamom field located in the Gulf of Mexico, Garden
    Banks block 427,
  *By BG International Ltd (BG), a lump sum engineering, procurement,
    commissioning and installation (EPCI) contract for the development of the
    Starfish field,
  *By the Discovery System, a lump sum pipeline installation contract for
    Discovery’s South Timbalier Block 283 Junction Platform project.

Onshore/Offshore segment was awarded:

  *In a joint venture formed by Odebrecht (40%), Technip (40%) and ICA Fluor
    (20%), a contract worth around €2.1 billion for the engineering,
    procurement and construction (EPC) of a petrochemical complex to be built
    in the Coatzacoalcos/Nanchital region, of the Mexican state of Veracruz,
  *By The Dow Chemical Company the front-end engineering and design (FEED)
    contract and cracking furnaces engineering and procurement services
    contract for a previously announced new large world-scale ethylene
    production plant to be located at Dow Texas Operations in Freeport, Texas,
  *By Shell Global Solutions (Malaysia), Sdn Bhd a framework agreement for
    offshore facilities in a region covering Asia, Australia, and New Zealand
    (“East region”),
  *By Anadarko Petroleum Corporation a letter of intent with instructions to
    begin the engineering, procurement, construction and transport of a
    23,000-ton Truss Spar hull for their Heidelberg field development,
  *In a consortium with Asahi Kasei Chemicals Corporation Japan, by BASF
    S.E., a lump sum turnkey engineering, procurement and construction (EPC)
    contract, for the expansion project of a chlorine plant,
  *In a consortium with Samsung Heavy Industries (SHI), by Total E&P Norge, a
    contract for the Martin Linge development project located approximately
    180 kilometers west of Bergen, Norway, in a water depth of 115 meters,

Since December 31, 2012, Technip has also announced the award of following
contracts, which were included in the backlog as of December 31, 2012:

Subsea segment was awarded:

  *By GDF SUEZ E&P UK Limited, an engineering, procurement, installation and
    construction contract for the Juliet project, located 40 kilometers East
    of the Humberside estuary, at a water depth of approximately 20 to 60
    meter,
  *By Sarawak Shell Berhad an engineering, procurement, construction,
    installation and commissioning contract for two new gas-export lines at
    the Laila and D12 fields in Malaysia.

Onshore/Offshore segment was awarded:

  *By the Mosaic Company, the front-end engineering and design (FEED)
    contract, as well as preparation of the corresponding engineering,
    procurement and construction (EPC) proposal, for a new ammonia plant under
    consideration by the global crop nutrient company,
  *By Westlake Chemical Corporation engineering and procurement contract for
    the expansion and modernization of the ethylene cracking furnaces in
    Calvert City, Kentucky,
  *In a joint venture with Malaysia Marine and Heavy Engineering Sdn Bhd
    (MMHE), by Sabah Shell Petroleum Company Ltd (SSPC), a substantial
    contract for the engineering, procurement and construction of a tension
    leg platform (TLP) for the TLP Malikai Deepwater Project,
  *In a consortium with Construcciones Industriales Tapia, by Petróleos
    Mexicanos (PEMEX) through its subsidiary PEMEX Refinación, a contract for
    the revamp of one of the conversion unit of the Ing. Héctor R. Lara Sosa
    refinery, located in Cadereyta, Mexico.

Since December 31, 2012, Technip has also announced the award of following
contract, which was not included in the backlog as of December 31, 2012:

Subsea segment was awarded:

  *By Sabah Shell Petroleum Company Ltd (SSPC) an important subsea pipelines
    contract for the Malikai Deepwater project, located offshore Sabah, at a
    water depth of approximately 650 meters,
  *By Shell UK Limited, an engineering, procurement, installation and
    construction contract for the Gannet F Reinstatement project, located in
    the North Sea, 180 kilometers east of Aberdeen, at a water depth of 95
    meters.

Onshore/Offshore segment was awarded:

  *By JBF Petrochemicals, a wholly-owned subsidiary of JBF Industries Ltd, an
    important contract for a 1.25 million tons per year latest-generation
    purified terephthalic acid (PTA) unit, to be located in the Special
    Economic Zone in Mangalore, India,
  *In a consortium with AFCONS Infrastructure Ltd and TH Heavy Engineering
    Berhad, a contract by Oil & Natural Gas Corporation Ltd (ONGC), worth
    approximately €220 million (Technip share: about €50 million), for the
    Heera Redevelopment (HRD) process platform project in the Arabian Sea, at
    approximately 70 kilometers south-west of Mumbai, India,
  *Awarded by BP Angola an important five-year contract for engineering and
    modification services for the existing Greater Plutonio and Plutao,
    Saturno, Venus and Marte (PSVM) floating production storage and offloading
    (FPSO) units, located in Blocks 18 and 31 offshore Angola.

Contact:

Technip
Analyst and Investor Relations
Kimberly Stewart, +33 (0)1 47 78 66 74
kstewart@technip.com
or
Chuan Wang, +33 (0)1 47 78 36 27
chuwang@technip.com
or
Public Relations
Christophe Bélorgeot, +33 (0)1 47 78 39 92
or
Floriane Lassalle-Massip, +33 (0)1 47 78 32 79
press@technip.com
or
Technip’s website
http://www.technip.com
or
Technip’s IR website
http://investors-en.technip.com
or
Technip’s IR mobile website
http://investors.mobi-en.technip.com
 
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