Technip 3Q results...

THIRD QUARTER 2009 RESULTS
• Revenue of €1,711 million, of which €746 million in Subsea
• Group operating margin of 10.1%
• Net Income of €108 million
• Total net cash of €1,676 million
• Backlog of €7,541 million
FULL YEAR 2009 OUTLOOK
• Group revenue towards €6.4 billion at current exchange rates
• Subsea revenue to show moderate growth
• Subsea operating margin towards 18%
• Confirm year-on-year improvement of the Onshore / Offshore combined
operating margin

Subsea business segment’s excellent operational execution continued. Main events were:
• Successful completion of offshore operations on White Rose North Amethyst project in
Canada,
• Offshore operations started on Cascade & Chinook in the Gulf of Mexico, seabed
flowlines have been successfully installed,
• Engineering, procurement and fabrication for 2010 offshore operations continued on
Pazflor and Block 31 PSVM in Angola and Jubilee in Ghana,
• Arrival of the first shipments of 18” pipe at the Port of Angra in Brazil, for the Tupi gas
export pipeline project,
• Vessel utilization rate was 85% during third quarter 2009 compared to 86% a year ago,
• Continued good activity at flexible pipe production units,
• Manufacturing procurement costs reduction program continued,
• Ultra-deep water flexible pipe qualification program is on going: offshore tests are to be
performed during fourth quarter of the year.
Offshore business segment’s main events were:
• Inauguration of the Hywind platform offshore Norway,
• Commissioning on the P-51 semi-submersible platform in Brazil and systems’ transfer to
Petrobras are ongoing,
• Engineering and procurement were completed and construction progressed well on the
P-56 semi-submersible platform in Brazil.