Financial Analysis - Technip SA designs and constructs industrial facilities. The Company designs and builds factories which produce and process petroleum products, natural gas, and

21.02.2013

Ticker: Technip SA Benchmark:

Currency: EN Paris: TEC, Currency: EUR CAC 40 INDEX (CAC)

Sector: Energy Industry: Energy Equipment & Services Year:

Telephone 33-1-4778-2400 Revenue (M) Business Segments in EUR Sales (M) Geographic Segments in EUR Sales (M)

Website www.technip.com No of Employees Onshore/Offshore 3841 Europe, Russia, Central Asia 1749

Address 89 Avenue de la Grande Armee Paris, 75116 France Subsea Umbilicals, Risers and Flowlines - SURF 2972 Americas 1562

Share Price Performance in EUR Middle East 1510

Price 82.34 1M Return 1.4% Africa 1061

52 Week High 92.36 6M Return -6.5% Asia - Pacific 932

52 Week Low 69.21 52 Wk Return 4.3%

52 Wk Beta 1.03 YTD Return -5.2%

Credit Ratings

Bloomberg IG5

S&P BBB+ Date 27.05.2010 Outlook STABLE

Moody's - Date - Outlook -

Fitch - Date - Outlook -

Valuation Ratios

12/09 12/10 12/11 12/12 12/13E 12/14E 12/15E

P/E 30.9x 17.6x 15.5x - 14.5x 11.7x 10.9x

EV/EBIT 5.2x 9.8x 10.1x - - - -

EV/EBITDA 4.2x 8.0x 8.1x - 7.5x 6.2x 5.8x

P/S 0.8x 1.2x 1.2x - 1.0x 0.9x 0.8x

P/B 2.0x 2.3x 2.2x - 2.1x 1.9x 1.7x

Div Yield 2.7% 2.1% 2.2% - 2.3% 2.7% 2.8%

Profitability Ratios %

12/09 12/10 12/11 12/12 12/13E 12/14E 12/15E

Gross Margin 17.7 19.5 18.9 - 18.5 19.4 20.1

EBITDA Margin 12.9 12.6 13.0 - 13.2 14.1 14.2

Operating Margin 10.5 10.2 10.4 - 10.7 11.5 11.2

Profit Margin 2.6 6.9 7.4 6.6 7.4 8.2 8.4

Return on Assets 2.0 4.4 4.7 - 7.3 8.7 -

Return on Equity 6.6 14.2 14.9 - 16.5 18.0 17.7

Leverage and Coverage Ratios

12/09 12/10 12/11 12/12

Current Ratio 1.0 1.0 1.0 - Current Capitalization in EUR

Quick Ratio 0.8 0.8 0.7 - Common Shares Outstanding (M) 108.7

EBIT/Interest 22.5 17.2 18.4 - Market Capitalization (M) 9299.0

Tot Debt/Capital 0.2 0.4 0.4 - Cash and ST Investments (M) 2287.3

Tot Debt/Equity 0.3 0.6 0.6 - Total Debt (M) 2103.8

Eff Tax Rate % 52.2 30.2 29.3 - Preferred Equity (M) 0.0

LT Investments in Affiliate Companies (M) 0.0

Investments (M) 13.0

Enterprise Value (M) 9128.5

30'000

Technip SA designs and constructs industrial facilities. The Company designs and

builds factories which produce and process petroleum products, natural gas, and

chemicals, and generate electricity. Technip builds offshore facilities for the petroleum

industry. The Company operates worldwide.

TEC FP

8'204

Company Analysis - Overview

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Q.M.S Advisors | tel: +41 (0)78 922 08 77 | e-mail: [email protected] |

www.technip.com

Technip SA

Target price in EUR

Date Buy Hold Sell Date Price Target Price Broker Analyst Recommendation Target Date

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Company Analysis - Analysts Ratings

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21.02.2013

Technip SA

Ownership Statistics Geographic Ownership Distribution

Shares Outstanding (M) 108.7 United States 44.22%

Float 88.8% France 33.72%

Short Interest (M) Luxembourg 5.33%

Short Interest as % of Float Britain 5.23%

Days to Cover Shorts Norway 3.80%

Institutional Ownership 60.99% Switzerland 2.55%

Retail Ownership 38.96% Germany 1.17%

Insider Ownership 0.05% Others 3.99%

Institutional Ownership Distribution

Investment Advisor 71.03%

Government 11.91%

Mutual Fund Manager 10.93%

Corporation 5.44%

Pricing data is in EUR Others 0.69%

Top 20 Owners:

Holder Name Position Position Change Market Value % of Ownership Report Date Source Country

CAPITAL GROUP COMPAN 10'888'250 -1'555'250 896'538'505 9.64% 31.12.2012 ULT-AGG UNITED STATES

BLACKROCK 8'753'684 379'586 720'778'341 7.75% 20.02.2013 ULT-AGG UNITED STATES

CAISSE DES DEPOTS ET 5'929'398 0 488'226'631 5.25% 31.12.2011 Co File FRANCE

AMUNDI 4'146'278 601'110 341'404'531 3.67% 15.05.2012 Research FRANCE

BNP PARIBAS INV PART 3'942'407 -160'916 324'617'792 3.49% 30.11.2012 ULT-AGG FRANCE

NATIXIS 3'361'789 0 276'809'706 2.98% 31.12.2011 Co File FRANCE

OPPENHEIMERFUNDS INC 3'219'635 0 265'104'746 2.85% 31.12.2011 Co File UNITED STATES

IFP ENERGIES NOUVELL 2'830'917 0 233'097'706 2.51% 31.12.2011 Co File FRANCE

NORGES BANK INVESTME 2'750'873 0 226'506'883 2.44% 31.12.2011 Co File NORWAY

VANGUARD GROUP INC 2'152'163 139'045 177'209'101 1.91% 31.12.2012 MF-AGG UNITED STATES

NATIXIS ASSET MANAGE 1'816'844 -203'806 149'598'935 1.61% 31.12.2012 MF-AGG FRANCE

AXA INVESTMENT MANAG 1'673'439 0 137'790'967 1.48% 31.12.2011 Co File BRITAIN

CAUSEWAY CAPITAL MAN 1'596'029 0 131'417'028 1.41% 31.12.2011 Co File UNITED STATES

CREDIT SUISSE 1'326'090 0 109'190'251 1.17% 31.12.2011 Co File SWITZERLAND

ALLIANZ ASSET MANAGE 1'309'685 -6'160 107'839'463 1.16% 31.01.2013 ULT-AGG GERMANY

T ROWE PRICE ASSOCIA 1'259'670 0 103'721'228 1.12% 31.12.2011 Co File UNITED STATES

ALLIANCE BERNSTEIN 1'190'548 0 98'029'722 1.05% 31.12.2011 ULT-AGG UNITED STATES

GRYPHON 1'132'066 0 93'214'314 1.00% 31.12.2011 Co File UNITED STATES

WILLIAM BLAIR & COMP 950'406 158'316 78'256'430 0.84% 31.12.2012 13F UNITED STATES

FMR LLC 757'901 -53'277 62'405'568 0.67% 31.12.2012 ULT-AGG UNITED STATES

Top 5 Insiders:

Holder Name Position Position Change Market Value % of Ownership Report Date Source

PILENKO THIERRY 44'900 3'697'066 0.04% 29.02.2012 Co File

HAUSER GERARD 1'700 139'978 0.00% 29.02.2012 Co File

APPERT OLIVIER 904 74'435 0.00% 29.02.2012 Co File

O'LEARY JOHN C G 800 65'872 0.00% 29.02.2012 Co File

COLOMBANI PASCAL 400 32'936 0.00% 29.02.2012 Co File

Company Analysis - Ownership

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Technip SA

Financial information is in EUR (M)

Periodicity: 12/02 12/03 12/04 12/05 12/06 12/07 12/08 12/09 12/10 12/11 12/12 12/13E 12/14E 12/15E

Income Statement

Revenue 4'452 4'711 5'141 5'376 6'927 7'887 7'481 6'456 6'082 6'813 8'204 9'246 10'416 11'054

- Cost of Goods Sold 6'202 7'245 6'342 5'314 4'897 5'526

Gross Income 724 641 1'140 1'142 1'185 1'287 1'707 2'024 2'222

- Selling, General & Admin Expenses 4'366 4'597 4'907 5'145 364 374 483 465 565 577

(Research & Dev Costs) 37 33 30 29 35 42 45 54 57 65

Operating Income 87 114 234 231 360 267 657 677 620 710 990 1'199 1'234

- Interest Expense 16 12 18 30 30 42 38 30 36 39

- Foreign Exchange Losses (Gains) 13 3 7 10 6 21 -21 35 -9 -33

- Net Non-Operating Losses (Gains) 45 36 40 48 28 -1 -8 238 -1 -8

Pretax Income 13 63 168 144 296 205 648 373 595 711 974 1'206 1'318

- Income Tax Expense 46 82 54 44 94 77 194 195 179 209

Income Before XO Items -33 -19 114 100 202 128 454 179 415 503

- Extraordinary Loss Net of Tax 0 0 0 5 0 0 0 0 0 0 0

- Minority Interests -4 1 2 2 2 2 6 8 -2 -5

Diluted EPS Before XO Items 0.28 1.00 1.88 1.20 4.25 1.59 3.81 4.41

Net Income Adjusted* -29 -20 112 98 200 136 448 356 418 519 547 686 851 929

EPS Adjusted (0.27) (0.21) 1.18 0.98 1.88 1.32 4.30 3.30 3.81 4.70 4.47 5.70 7.02 7.56

Dividends Per Share 1.24 1.24 0.83 0.92 1.05 1.20 1.20 1.35 1.45 1.58 1.91 2.22 2.33

Payout Ratio % 71.1 92.5 55.7 102.0 28.5 84.4 38.3 33.9 0.33 0.32 0.31

Total Shares Outstanding 93 94 95 97 105 104 106 106 107 109

Diluted Shares Outstanding 114 117 116 115 106 105 105 107 110 117 122

EBITDA 348 346 369 374 520 430 808 831 766 884 1'224 1'468 1'566

*Net income excludes extraordinary gains and losses and one-time charges.

Equivalent Estimates

Company Analysis - Financials I/IV

Fiscal Year


Periodicity: 12/02 12/03 12/04 12/05 12/06 12/07 12/08 12/09 12/10 12/11 12/12 12/13E 12/14E 12/15E

Balance Sheet

Total Current Assets 7084.6001 8762.09961 3079.9 3919.6 4645.7 4635.5 4542.8 4660.2 5751.4 5808.5

+ Cash & Near Cash Items 642 782 695 1'566 612 586 477 516 779 919

+ Short Term Investments 96 110 739 622 1'791 1'816 1'927 2'141 2'327 1'890

+ Accounts & Notes Receivable 726 756 349 440 584 783 1'124 1'061 1'277 1'280

+ Inventories 81 74 87 101 134 174 226 215 222 255

+ Other Current Assets 5'540 7'041 1'210 1'191 1'525 1'277 788 727 1'148 1'465

Total Long-Term Assets 3'518 3'246 3'338 3'377 3'418 3'464 3'589 3'910 4'471 5'624

+ Long Term Investments 12 6 3 12 17 38 27 34 26 30

Gross Fixed Assets 1'604 1'499 1'471 1'592 1'690 1'844 1'936 2'414 2'777 3'843

Accumulated Depreciation 743 761 735 821 932 1'026 991 1'220 1'305 1'534

+ Net Fixed Assets 861 739 737 771 758 818 945 1'195 1'472 2'308

+ Other Long Term Assets 2'645 2'502 2'598 2'595 2'643 2'608 2'617 2'681 2'972 3'285

Total Current Liabilities 7'198 8'749 2'905 3'817 4'666 4'965 4'656 4'783 5'673 5'811

+ Accounts Payable 721 783 853 978 1'658 1'866 1'704 1'476 1'862 2'135

+ Short Term Borrowings 301 226 192 214 186 44 26 28 681 544

+ Other Short Term Liabilities 6'176 7'740 1'861 2'625 2'822 3'055 2'926 3'279 3'130 3'132

Total Long Term Liabilities 1'365 1'312 1'651 1'512 981 937 980 1'070 1'347 1'948

+ Long Term Borrowings 946 903 1'409 1'305 677 653 734 845 1'092 1'544

+ Other Long Term Borrowings 419 409 242 207 304 284 246 225 255 404

Total Liabilities 8'563 10'061 4'556 5'329 5'647 5'903 5'636 5'853 7'020 7'759

+ Long Preferred Equity 0 0 0 0 0 0 0 0 0 0

+ Minority Interest 16 9 10 14 16 18 22 30 22 22

+ Share Capital & APIC 1'322 1'372 1'349 1'412 1'685 1'722 1'793 1'794 1'834 1'976

+ Retained Earnings & Other Equity 701 566 503 542 716 457 680 893 1'346 1'676

Total Shareholders Equity 2'039 1'947 1'861 1'968 2'417 2'197 2'496 2'717 3'202 3'673

Total Liabilities & Equity 10'603 12'008 6'418 7'297 8'063 8'099 8'132 8'570 10'222 11'432

Book Value Per Share 21.65 20.53 19.47 20.08 22.92 20.89 23.28 25.28 29.62 33.58 38.38 43.55 48.76

Tangible Book Value Per Share -6.58 -5.92 -6.53 -5.12 -0.21 -2.31 0.60 2.62 6.94 8.62

Company Analysis - Financials II/IV


Periodicity: 12/02 12/03 12/04 12/05 12/06 12/07 12/08 12/09 12/10 12/11 12/12 12/13E 12/14E 12/15E

Cash Flows

Net Income -29 -20 112 93 200 126 448 170 418 507 692 867 975

+ Depreciation & Amortization 261 232 135 143 160 163 151 154 146 174

+ Other Non-Cash Adjustments 9 17 61 39 -8 -97 83 48 -24 101

+ Changes in Non-Cash Capital 193 119 90 618 594 634 -227 262 -501 -131

Cash From Operating Activities 433 349 398 894 947 826 455 634 38 652

+ Disposal of Fixed Assets 112 105 6 19 40 1 3 1 2 3

+ Capital Expenditures -124 -122 -119 -167 -151 -250 -389 -413 -361 -339 -453 -449 -414

+ Increase in Investments -0 -3 -1 -0 -0 -115 -13

+ Decrease in Investments 31 2 17 3 20 2 2 20 1

+ Other Investing Activities 0 30 -33 2 -9 55 -27 -19 -54 -609

Cash From Investing Activities 19 11 -128 -145 -120 -174 -411 -429 -508 -958

+ Dividends Paid -80 -77 -130 -32 -142 -275 -125 -128 -144 -156

+ Change in Short Term Borrowings -161 -65 0 0

+ Increase in Long Term Borrowings 795 77 673 51 76 22 128 110 969 888

+ Decrease in Long Term Borrowings -952 -97 -242 -141 -82 -198 -49 -26 -74 -755

+ Increase in Capital Stocks 12 0 26 64 30 37 72 1 40 35

+ Decrease in Capital Stocks 0 0 -23 -20 -368 -86 -2

+ Other Financing Activities -88 -45 -9 83 -126 -152 -69 92 131 -3

Cash From Financing Activities -474 -208 296 5 -612 -653 -43 50 920 9

Net Changes in Cash -22 151 566 754 215 -1 0 255 451 -297

Free Cash Flow (CFO-CAPEX) 308 226 279 727 796 575 66 221 -323 312 392 606 788

Free Cash Flow To Firm 268 223 292 747 816 601 92 235 -298 340

Free Cash Flow To Equity 102 245 716 656 830 400 147 306 574 448

Free Cash Flow per Share 2.88 2.41 2.96 7.59 7.54 5.54 0.62 2.08 -3.03 2.89

Company Analysis - Financials III/IV


Periodicity: 12/02 12/03 12/04 12/05 12/06 12/07 12/08 12/09 12/10 12/11 12/12 12/13E 12/14E 12/15E

Ratio Analysis

Valuation Ratios

Price Earnings 115.3x 49.2x 27.4x 44.7x 5.1x 30.9x 17.6x 15.5x 14.5x 11.7x 10.9x

EV to EBIT 24.4x 19.9x 14.6x 18.6x 10.9x 15.0x 1.1x 5.2x 9.8x 10.1x

EV to EBITDA 6.1x 6.6x 9.2x 11.5x 7.5x 9.3x 0.9x 4.2x 8.0x 8.1x 7.5x 6.2x 5.8x

Price to Sales 0.4x 0.4x 0.6x 0.9x 0.8x 0.7x 0.3x 0.8x 1.2x 1.2x 1.0x 0.9x 0.8x

Price to Book 0.8x 1.0x 1.7x 2.5x 2.3x 2.6x 0.9x 2.0x 2.3x 2.2x 2.1x 1.9x 1.7x

Dividend Yield 7.3% 5.8% 2.4% 1.8% 2.0% 2.2% 5.5% 2.7% 2.1% 2.2% 2.3% 2.7% 2.8%

Profitability Ratios

Gross Margin 10.5% 8.1% 15.2% 17.7% 19.5% 18.9% 18.5% 19.4% 20.1%

EBITDA Margin 7.8% 7.3% 7.2% 7.0% 7.5% 5.5% 10.8% 12.9% 12.6% 13.0% 13.2% 14.1% 14.2%

Operating Margin 1.9% 2.4% 4.5% 4.3% 5.2% 3.4% 8.8% 10.5% 10.2% 10.4% 10.7% 11.5% 11.2%

Profit Margin -0.7% -0.4% 2.2% 1.7% 2.9% 1.6% 6.0% 2.6% 6.9% 7.4% 6.6% 7.4% 8.2% 8.4%

Return on Assets -0.3% -0.2% 1.2% 1.4% 2.6% 1.6% 5.5% 2.0% 4.4% 4.7% 7.3% 8.7%

Return on Equity -1.4% -1.0% 5.9% 4.9% 9.2% 5.5% 19.3% 6.6% 14.2% 14.9% 16.5% 18.0% 17.7%

Leverage & Coverage Ratios

Current Ratio 0.98 1.00 1.06 1.03 1.00 0.93 0.98 0.97 1.01 1.00

Quick Ratio 0.20 0.19 0.61 0.69 0.64 0.64 0.76 0.78 0.77 0.70

Interest Coverage Ratio (EBIT/I) 5.46 9.82 12.70 7.67 11.96 6.44 17.42 22.48 17.18 18.38

Tot Debt/Capital 0.38 0.37 0.46 0.44 0.26 0.24 0.23 0.24 0.36 0.36

Tot Debt/Equity 0.61 0.58 0.86 0.77 0.36 0.32 0.30 0.32 0.55 0.57

Others

Asset Turnover 0.39 0.42 0.56 0.78 0.90 0.98 0.92 0.77 0.65 0.63

Accounts Receivable Turnover 6.69 6.36 9.31 13.63 13.53 11.54 7.85 5.91 5.20 5.33

Accounts Payable Turnover 4.73 4.13 3.58 3.34 2.94 2.78

Inventory Turnover 52.69 47.03 31.72 24.07 22.42 23.22

Effective Tax Rate 356.2% 130.0% 32.2% 30.3% 31.8% 37.6% 29.9% 52.2% 30.2% 29.3%

Company Analysis - Financials IV/IV


TECHNIP SA CIE GENERALE DE SUBSEA 7 SA SAIPEM SPA HALLIBURTON COAKER SOLUTIONS

A

SBM OFFSHORE

NV

SCHLUMBERGER

LTD

WOOD GROUP

(JOHNHELIX ENERGY SOL PETROFAC LTD AMEC PLC PETROLEUM GEO SEADRILL LTD

12/2012 12/2011 12/2011 12/2012 12/2012 12/2012 12/2012 12/2012 12/2011 12/2012 12/2011 12/2012 12/2012 12/2011

92.36 25.76 148.39 40.12 43.96 124.60 16.41 82.00 883.50 25.49 1'784.00 1'189.00 104.50 246.90

22.10.2012 09.10.2012 02.04.2012 17.09.2012 14.02.2013 25.01.2013 08.03.2012 14.02.2013 19.10.2012 14.02.2013 20.04.2012 14.03.2012 02.11.2012 21.08.2012

69.21 15.58 106.91 18.61 26.28 72.20 7.73 59.12 649.00 14.90 1'324.00 914.00 64.30 188.50

04.06.2012 04.06.2012 25.06.2012 30.01.2013 26.06.2012 26.06.2012 20.11.2012 26.06.2012 26.06.2012 26.06.2012 27.06.2012 01.06.2012 26.06.2012 04.06.2012

1'210'954 1'059'002 1'447'616 2'231'494 8'851'289 757'884 2'558'627 6'397'047 573'571 1'476'885 1'356'007 1'428'656 2'068'517 1'408'521

82.34 20.29 132.90 20.40 40.47 108.30 10.35 78.53 793.50 23.00 1'572.00 1'032.00 94.20 207.10

-10.8% -21.2% -10.4% -49.2% -7.9% -13.1% -36.9% -4.2% -10.2% -9.8% -11.9% -13.2% -9.9% -16.1%

19.0% 30.3% 24.3% 9.6% 54.0% 50.0% 33.9% 32.8% 22.3% 54.4% 18.7% 12.9% 46.5% 9.9%

108.7 159.2 338.7 441.4 929.0 270.5 189.1 1'328.0 371.3 105.3 340.1 300.7 217.8 467.8

9'299.0 3'579.0 46'753.4 9'005.6 37'555.6 29'674.2 1'957.6 104'307.9 2'961.1 2'422.8 5'437.4 3'065.7 20'516.8 97'181.9

2'087.9 1'501.0 893.4 4'278.0 4'820.0 7'691.0 2'531.0 11'630.0 230.5 1'019.2 77.2 176.0 916.8 10'428.0

- - - - - - - - - - - - - -

21.7 67.5 51.5 148.0 25.0 157.0 71.3 107.0 10.0 - 3.1 4.0 0.0 325.0

2'808.7 410.7 803.4 1'029.0 2'484.0 1'214.0 748.3 6'274.0 226.6 437.1 1'602.0 275.0 393.3 507.0

9'128.5 4'941.2 8'621.6 13'532.6 39'916.6 36'308.2 4'438.5 109'770.9 4'633.1 3'004.9 7'520.7 2'970.7 4'149.6 28'129.4

LFY 8'203.9 2'267.7 5'476.5 13'369.0 28'503.0 44'922.0 3'695.2 42'149.0 5'666.8 846.1 5'800.7 4'158.0 1'518.3 4'191.0

LTM 8'203.9 2'594.7 6'103.3 13'369.0 28'503.0 44'922.0 3'695.2 42'841.0 6'547.2 1'293.3 6'331.4 4'158.0 1'518.3 4'208.0

CY+1 9'246.1 2'720.7 6'243.0 13'566.9 29'769.0 49'190.0 4'005.2 46'176.7 6'838.8 1'074.3 6'437.8 4'256.4 1'754.0 4'385.8

CY+2 10'416.4 3'559.7 6'756.9 14'063.2 32'970.3 54'738.2 4'028.9 51'872.0 7'292.4 1'223.5 6'765.6 4'538.8 1'992.6 5'040.5

LFY 1.2x 2.2x 1.5x 1.6x 1.2x 0.8x 1.2x 2.3x 0.7x 3.3x 1.2x 0.7x 2.8x 7.0x

LTM 1.2x 1.9x 1.4x 1.6x 1.2x 0.8x 1.2x 2.3x 0.6x 2.1x 1.1x 0.7x 2.8x 7.0x

CY+1 0.9x 1.8x 1.4x 1.0x 1.3x 0.7x 1.2x 2.3x 0.7x - 1.2x 0.7x 2.4x 6.4x


LFY 883.5 596.1 870.8 2'207.0 5'787.0 4'739.0 - 11'020.0 396.0 52.7 764.0 363.0 777.3 2'315.0

LTM 1'012.6 753.5 1'050.1 2'186.0 5'787.0 4'701.0 - 11'055.0 460.5 361.5 888.8 363.0 777.3 2'382.0

CY+1 1'224.1 844.1 1'137.7 1'540.5 6'184.6 5'332.1 873.1 12'404.7 511.3 391.5 924.7 368.8 1'000.8 2'441.5

CY+2 1'467.8 1'200.4 1'274.6 1'973.7 7'544.0 6'490.9 929.0 14'531.9 596.0 468.5 1'088.9 410.8 1'149.4 2'903.3

LFY 10.9x 8.5x 9.7x 9.5x 6.0x 7.8x - 8.8x 10.4x 52.3x 8.8x 8.0x 5.5x 12.6x

LTM 9.5x 6.7x 8.1x 9.4x 6.0x 7.9x - 8.8x 8.9x 7.6x 7.6x 8.0x 5.5x 12.3x



LFY 0.00 -0.21 1.26 2.04 3.02 8.30 - 4.16 0.40 0.49 1.57 0.82 0.15 -

LTM 4.59 0.40 2.14 2.05 3.08 8.25 -0.46 4.19 0.33 1.57 1.82 0.67 0.86 2.18

CY+1 5.70 0.74 1.65 1.00 3.02 9.69 2.17 4.74 0.84 1.46 1.85 0.88 1.56 2.67

CY+2 7.02 1.73 1.62 1.65 3.96 12.77 2.46 5.83 1.00 1.86 2.08 0.98 2.00 3.22

LFY 17.9x 51.8x 11.0x 9.9x 13.1x 13.1x - 18.7x 36.3x 14.6x 13.2x 15.4x 19.4x 16.8x

LTM 25.1x 51.8x 11.0x - 13.1x 13.2x - 18.7x 24.3x 14.6x 13.3x 12.6x - -

CY+1 14.5x 27.1x 14.3x 20.3x 13.4x 11.2x 6.3x 16.6x 14.4x 15.7x 12.9x 11.8x 10.7x 13.7x

CY+2 11.7x 11.6x 14.5x 12.3x 10.2x 8.5x 5.6x 13.5x 12.1x 12.4x 11.5x 10.5x 8.3x 11.4x

1 Year 20.4% 3.7% 131.2% 6.2% 14.8% 25.9% 17.1% 14.0% 38.7% (39.5%) 33.2% 27.5% 21.1% 4.4%

5 Year 3.4% 3.1% 35.4% 8.3% 14.5% 3.1% 6.7% 14.7% 11.5% (1.8%) 26.2% 12.5% 11.0% 29.1%

1 Year - 2.5% 81.8% 5.0% (5.1%) 36.8% - 12.5% 39.0% (92.2%) 19.8% 29.2% 44.2% 11.4%

5 Year 11.2% 5.1% 23.6% 14.0% 7.5% 3.9% - 5.5% 7.3% (40.3%) 30.8% 22.7% (0.8%) 42.5%

LTM 12.8% 29.0% 17.2% 16.4% 20.3% 10.5% - 25.8% 7.0% 28.0% 14.0% 8.7% 51.2% 56.6%

CY+1 13.2% 31.0% 18.2% 11.4% 20.8% 10.8% 21.8% 26.9% 7.5% 36.4% 14.4% 8.7% 57.1% 55.7%

CY+2 14.1% 33.7% 18.9% 14.0% 22.9% 11.9% 23.1% 28.0% 8.2% 38.3% 16.1% 9.1% 57.7% 57.6%

Total Debt / Equity % 57.2% 51.1% 15.5% 79.1% 30.6% 65.1% 172.3% 33.5% 11.7% 71.8% 6.9% 16.3% 47.7% 174.5% FALSE

Total Debt / Capital % 36.2% 33.3% 13.3% 43.5% 23.4% 39.1% 62.2% 25.0% 10.5% 41.8% 6.5% 14.0% 32.3% 62.3% FALSE

Total Debt / EBITDA 2.078x 2.044x 0.861x 1.957x 0.833x 1.636x - 1.052x 0.624x 2.819x 0.075x 0.485x 1.180x 4.730x FALSE

Net Debt / EBITDA -0.181x 1.699x 0.303x 1.957x 0.404x 1.378x - 0.484x 0.233x 1.610x -0.872x -0.273x 0.674x 4.410x FALSE

EBITDA / Int. Expense 22.889x 4.716x 21.554x 18.112x 19.419x 10.132x - 32.412x 28.905x 0.800x 115.768x 45.375x 20.569x 7.847x FALSE

S&P LT Credit Rating BBB+ BB- - - A - - A+ - B+ - - BB - FALSE

S&P LT Credit Rating Date 27.05.2010 29.11.2012 - - 20.08.2007 - - 11.12.2002 - 19.09.2011 - - 02.12.2010 - FALSE

Moody's LT Credit Rating - Ba3 *- - - A2 - - A1 - B3 - - Ba2 - FALSE

Moody's LT Credit Rating Date - 25.09.2012 - - 01.05.2007 - - 03.06.2003 - 05.08.2009 - - 16.11.2011 - FALSE

EBITDA Growth

EBITDA Margin

Credit Ratings

Leverage/Coverage Ratios

P/E

Revenue Growth

Total Revenue

EV/Total Revenue

EPS

Cash and Equivalents

EBITDA

EV/EBITDA

Enterprise Value

Valuation

Preferred Stock

52-Week Low Date

Minority Interest

Total Common Shares (M)

Total Debt

Market Capitalization

Daily Volume

52-Week Low % Change

Current Price (2/dd/yy)

52-Week High % Change

52-Week High Date

52-Week Low

Latest Fiscal Year:

52-Week High

Company Analysis - Peers Comparision


Economy & Finance

Financial Analysis - Technip SA designs and constructs industrial facilities. The Company designs and builds factories which produce and process petroleum products, natural gas, and