#delivering value Corporate Profile

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1 #delivering value Corporate Profile

2 34,000 people 116 nationalities Present in 45 countries 60 years of experience State-of-the-art manufacturing plants A fleet of specialized vessels Technip is a world leader in engineering, technology and project management for the oil & gas industry. From the deepest subsea oil and gas developments to the largest and most complex offshore and onshore infrastructures, our people are constantly offering the best solutions and most innovative technologies to meet the world s energy challenges. Over the years, we have established a strong reputation based on innovative engineering, technologies and equipment, excellence in project execution and recognized consulting activities. Through our constant customer focus and our integrated and sustainable project approach, we ensure the success of our clients. Wherever our clients operate, we have the resources to make their projects successful a leader in the oil and gas industry As at Feb 25,

3 a unique integrated approach a portfolio of leading market technologies large technology solutions portfolio subsea offshore onshore In Subsea, we design, manufacture and install rigid and flexible subsea pipelines and umbilicals. Thanks to our portfolio of technologies, industrial and operational assets on all continents and a state-of-the art fleet, we offer a unique vertically integrated model in the industry. Leveraging our alliances with leading partners such as FMC Technologies, Heerema Marine Contractors and Serimax, we provide the skills, capabilities, products and systems to significantly reduce the costs of subsea field development. In the Offshore business, our activities include Engineering, Procurement, Construction (EPC) and installation of fixed and floating platforms. We use our expertise and portfolio of offshore solutions for any water depth to answer the challenges faced by our clients. We are the world leader in Floating Liquefied Natural Gas (FLNG) facilities with landmark projects such as Shell Prelude FLNG and Petronas PFLNG Satu, and have reinforced our leadership in the Spar business with Heidelberg and Lucius. In the Onshore business, our expertise covers a wide range of onshore processes, including ethylene and petrochemicals derivatives, refining, Liquefied Natural Gas (LNG), Gas- To-Liquids (GTL) and fertilizers, and we are one of the global leaders for the refining business and petrochemical units. Our Technip Stone & Webster Process Technology division is a leader in the development of downstream technologies. We also combine our offering with a wide range of solutions, technologies and services like studies, engineering, procurement, construction, and Project Management Consultancy (PMC). 4 5

4 Operational excellence to meet the world's energy challenges 6 7

5 what we stand for Our vision, mission and values have ensured our success and take us further Our values are operational They inspire our teams and our clients experience them Our vision Meeting the world s energy challenges through our projects. If energy were easy, there would be no need for a company like Technip. Today and tomorrow, we work with our clients, wherever they are, to bring energy to the world. We will continue to contribute to their success, through our constant customer focus and our integrated and sustainable project approach. As the industry reference, we will demonstrate the know-how, the commitment and the inspiration to help all of our partners to achieve their goals. This is our vision and above all, this is our passion. Our mission Our mission is to deliver safe and successful energy projects across the world for the benefit of our stakeholders. We maintain that focus whether faced with the biggest challenges or the smallest details. DOING THE RIGHT THING Our conduct speaks louder than words. That is why we strive to always do the right thing wherever business takes us. That means not only acting transparently and keeping commitments, but also ensuring the safety of people and sustainable practices within the community and across the planet. Safety, ethics, security and respect always take us further. Trusting the team You already know the feeling that comes from joining together successfully to solve a major challenge. Our ability to combine talents and deliver success makes us unique. We value diversity, and have passion and true belief in each person s contribution. It is the trust and confidence between team members and between teams that takes us further. Encouraging a fair return for all We believe in profitable projects based on sustainable relationships. We seek to enhance our performance and share the benefits of every achievement with our stakeholders: clients, employees, shareholders, partners, suppliers and local communities. Fair returns take us all further. Building the future At Technip, we are building the future through today s most ambitious energy infrastructure projects. We are also creating the conditions that will generate tomorrow s game-changing innovations by developing our people. Entrepreneurial attitude, quality, investment and anticipation are at the very heart of how we are taking it further. 8 9

6 Promoting a strong HSE culture Safety is a core value at Technip. The ultimate benchmark for safety is zero incidents and injuries. It is central to everything we do and it receives continuous attention and investment. The Pulse program, developed in-house has gained acceptance among our employees as well as our clients and partners. Followed by over 50,000 people since 2007, it reflects our common ambition of achieving safety excellence by promoting a strong HSE culture; and our uncompromising standards when it comes to the protection of our employees, and those of our partners and sub-contractors. Implementing a resilient HSE Management System Safety, Security and Quality are our top priorities The Technip HSE management system is implemented to support business excellence towards healthier, safer and more environmentallyfriendly operations by providing state-of-the-art methods, tools and practices. The system applies to all activities and operations managed and controlled by Technip and its impact on clients, employees, partners, the environment and the community. Monitoring our HSE performance Technip is proud to have received several HSE project and individual asset awards over the past years. Yet continuously improving our performance is essential, thus we constantly review our leading and lagging indicators. Our leading indicators measure our pro-activity in HSE. Our lagging indicators indicate, in full transparency, the number of incidents we have had. This provides us with statistical data and information to foster safety consistency along the entire lifecycle of all our projects. Protecting our employees and assets Technip operates in all parts of the world, in at times complex geopolitical contexts. Keeping its employees safe and ensuring security of plants, vessels, operations and projects is one of the Group s priorities. Taking care of HSE, Security and Quality with the highest standards to deliver our projects is what builds the future Thierry Pilenko, Chairman & CEO Quality Management System At Technip, our Quality Management System is hands on, based on the following principles: n Focus on operational tasks n Do it right first time n Assess risks and prioritize resources accordingly n Shared and accessible knowledge management n Empowered and accountable quality team QUARTZ Program In 2014, Technip launched the QUARTZ program, focusing on Quality leadership, operations performance, suppliers/subcontractors pro-active management and continuous improvement. QUARTZ is designed to reinforce our culture of excellence, through education, motivation and specific guidelines in order to carry out our work to the highest standards. With an increasingly challenging business environment, our clients expect their contractors to support them with innovative solutions, to improve project performance in terms of safety, quality, costs and schedule

7 AN EVERYDAY COMMITMENT Through a number of bodies in place in our Group, we ensure that our people comply with international regulations and internal rules. There is no other way for us to do business. PROMOTING ETHICS AT EVERY LEVEL OF THE ORGANIZATION Technip continuously strengthens its ethics and compliance policies and procedures to remain consistent with the most stringent international practices. Our rules and systems together constitute an extremely operational compliance system that is deployed at every level of the Group. This system is composed notably of our Ethics Charter, a whistle-blowing procedure to flag any unethical behavior, and standards like the anti-corruption policy, and the know your partner principle to ensure the reliability of our partners and suppliers. All our employees are made sensitive to the subject through awareness campaigns and ethics training courses. We strongly believe in creating relationships of trust between us, our clients, our suppliers and the communities in which we operate worldwide by dealing with each of them on a fair and equitable basis. our business is powered by integrity Doing the right thing is a fundamental Technip value, a value that means acting transparently and ethically 12 13

8 Adapting to an evolving market Our clients are currently closely focused on how to make new projects viable in a low oil price environment. They have responded very positively to our initiatives to introduce value-added technologies and to drive optimization and standardization into project designs. They have welcome our early engagement strategy, through our alliance with FMC Technologies and the resulting Forsys Subsea Joint Venture. Delivering projects In our three activities, we have the capability to handle all phases of our clients projects from Front-End Engineering Design to delivery, including procurement and supply. Our project managers are among the most highly qualified in the industry and ensure the successful delivery of some of today s most complex projects with the required quality, security and performance. We provide the best solutions to meet our Clients needs Project Management Consultancy Our dedicated business unit has the required project management experience to supervise the execution of a contract throughout its lifecycle, as a single point of contact. Managing risk Managing risk is essential to our success and that of our clients. Our Risk Management system allows us to assess the risks accurately at an early stage and throughout a project s lifecycle. Risk Management principles are embedded in many of our decisionmaking processes. Acting locally Today, we have assets on all continents, and local offices in 45 countries. We are continuously expanding our international reach through local manufacturing and partnerships that allow us to be closer than ever to our clients developments, and bring cost reduction. A customer-focused approach 14 15

9 long-term relationships Our ability to develop and maintain long-term relationships is based on our proven capacity to execute projects and deliver facilities, which stretches back to Our skill and experience in creating local partnerships mean that when our clients enter a new region, they will find that we are already an experienced local player there. Our multi-local presence and integrated capabilities enable us to execute projects more efficiently, thus lowering costs for our clients. In a increasingly challenging environment, it is vital that our clients have a trustworthy partner Lessons learned applied to save cost and time The experience we have accumulated over the years in different regions allows us to apply the lessons we learned on one project to others: n We standardize many processes. We can devote time to finding new solutions rather than solving already-known problems. n We transfer skills, knowledge and processes to wherever they are needed within our Group. n The learning curve and project costs are reduced. Transparency and honesty to build trusting relationships Our clients appreciate the straightforward and transparent way we do business and the fact that we deliver what we have sold. Our long-term relationships with our clients are based on the professionalism and leadership we demonstrate on their projects. Some of our key partnerships n Air Products: cooperation agreement for more than 20 years to supply hydrogen to the global refining industry n Axens/IFP/Total: a 30-year business relationship for fluidized catalytic cracking n BP: 10-year Spar platform master agreement in the Gulf of Mexico / Exclusive partnership since 2000 for PTA plants, extended in 2013 n ExxonMobil Chemical: our joint venture partner in Badger Licensing LLC, offering phenolics and styrenics technologies n FMC Technologies: an exclusive Alliance and JV company to redefine the way subsea fields are designed, delivered and maintained, and further reduce development costs n Heerema: a strategic alliance to adress the fast growing subsea ultra deepwater market n IFP Energies Nouvelles : 5-year Frame Agreement for flexible and rigid pipes, and umbilicals n INEOS & SABTEC: partnership since 1963, 115 Polyolefin units engineered n Petrobras: major flexible pipe Frame Agreement n SABIC-IP: partnership for its emulsion and mass ABS technologies for license n Sasol: FEED alliance for GTL facilities n Shell: 15-year frame agreement on FLNG to enhance collaboration on future innovative FLNG facilities n Sinopec: high olefins catalytic cracking technologies since 1992 n Several frame agreements in the North Sea with BG Group, BP, Shell and Statoil 16 17

10 Every day, through the projects we undertake, we contribute to finding solutions to the world s energy challenges. In our markets, we are recognized for the close attention we pay to client satisfaction, our integrated and sustainable approach to projects, our technological expertise and our project management skills. Our strategy aims to reinforce these fundamental strengths. This approach and organization mean that we have the breadth of knowledge and capabilities to fulfill our clients needs at any point in a project s lifecycle. We are a single, reliable partner at any point across the value chain A single point of contact n Seamless integrated approach n Complete range of solutions and technologies n Intervention at any point of a project lifecycle n Clear project ownership and accountability integrated approach Our integrated approach allows us to keep tight control of costs at every step. Our global strength puts us in an ideal position to optimize our clients investments wherever in the world they happen to be. We are always looking for ways to leverage all the talent in our Group to achieve this. Our unique integrated offer 18 19

11 In the Subsea and Offshore activities particularly, our investment program over the last five years has given us a leading edge ASSETS ON ALL CONTINENTS Our manufacturing plants are strategically located close to international shipping routes or to our clients developments. FLEXIBLE PIPE A strong focus on CAPEX control n 4 flexible pipe manufacturing plants (France, Brazil, Malaysia) including our newly operational facility in Açu, Brazil a fleet of 23 vessels * Rigid reel-lay and J-Lay n Apache II n Deep Energy n Deep Blue Rigid S-Lay and Heavy Lift n Global 1200 n Global 1201 Flexible lay and construction n Deep Orient n Deep Pioneer n North Sea Atlantic n North Sea Giant n Skandi Africa n Skandi Niterói n Skandi Vitória Diving and multi-support n Olympic Challenger n Orelia n Deep Arctic n Coral do Atlantico n Estrela do Mar n Skandi Olinda and Skandi Recife (2x300T PLSVs ** ) n Skandi Açu and Skandi Búzios (2x650T PLSVs ** ) n Wellservicer n Deep Explorer ** UMBILICALS n 4 umbilical manufacturing plants (Angola, Malaysia, UK, USA) LOGISTICS AND PIPELINE ASSEMBLY BASES n 7 logistics and rigid reeled pipe spoolbases (Angola, Brazil, Indonesia, Norway, UK, USA) * As of end of March 2016 ** Under construction KEY DIFFERENTIATING ASSETS a high performing fleet 20 21

12 Innovation and Technology We provide tailored, high-performance solutions A breeding ground for innovative solutions From every breadth of business, our engineers focus on finding the optimum technical solution and thrive on the challenge they are presented with. Operating in this way creates a natural breeding ground for innovative solutions. Our R&D teams are a driving force behind our track record of successful innovation. Proof of this is the large number of patents we hold and the technological firsts we have achieved. Innovation in action Our Innovation and Technology Center in Rueil-Malmaison (France) drives the innovation mindset and coordinates the Subsea R&D centers effort in line with our overall strategic technology development roadmap. n 600+ patent families registered in over 90 countries n Over B85 million R&D investment per year n Global network of 600+ experts n Technical expertise in a wide range of disciplines n Intimate knowledge of customer needs n Our efforts contribute to the greater industry know-how n The Franquelin Award, our annual internal award, rewards individuals and teams who are key actors in Technip s momentum and development. R&D facilities Through our R&D facilities, we optimize design and execution: n Flexible pipe centers in Le Trait (France), Rio de Janeiro and Vitória (Brazil) n Rigid pipe center in Aberdeen (UK) n Umbilical center in Newcastle (UK) n Process technology development and catalyst testing at Weymouth, MA (USA) n Polymer process development in Frankfurt (Germany) In the Subsea segment, centers are equipped with a full range of test facilities, including state-ofthe-art laboratories for advanced material testing and analysis, making it possible to simulate realistic service conditions on actual pipe samples. Our R&D activity is oriented towards extending the current production range by introducing new products and materials, and validating new pipelay methods. CENTERS OF EXPERTISE FOR TECHNOLOGICAL DEVELOPMENT n Fleet development center in Aberdeen (UK) n Innovation and Technology Center in Rueil Malmaison (France) n Hybrid riser center in Nîmes (France) n Ethylene centers of expertise (Benelux, France, Italy, UK and USA) n Hydrogen centers of expertise (Benelux and USA) n Offshore and onshore product lines and technology We deliver world first solutions and projects Recent achievements n 2015: qualification of aluminium core cable power umbilicals for improved ultra deepwater and fatigue performance capabilities n 2013: installation of Integrated Production Bundle (IPB) risers with active heating on the Papa Terra field (Petrobras) n 2013: world s first controlled dissociation of a hydrate plug in a full scale test with an ETH-PIP n 2013: Technip s semi-submersible design (HVS) available to clients n 2013: Carbon fiber armor flexible pipe market ready n 2013: development of an anti H 2 S layer for flexible pipes n 2012: world s first large application of ethylene from refinery fuel gas (Reliance) n 2011 & 2012: signature of the EPC contracts for the world s first two Floating LNG units, for Shell (Prelude) and Petronas n 2011: world s first installation of our reelable, electrically trace heated pipe-in-pipe (ETH-PIP), Islay field North Sea (Total) n 2010: 7, 9 and 11 flexible pipes successfully qualified at 3,000 m.w.d. in the GoM n 2009 & 2010: world s six largest LNG trains in Qatar (Qatargas and RasGas) n 2009: start-up of the largest deep catalytic cracking unit in the world n 2009: largest ethylene plant in the world, 1.4 KTA expandable to 1.7 KTA (SABIC) n 2009: Perdido Spar with world s deepest flowlines and umbilicals (Shell) n 2008: world s largest single-train hydrogen plant (Canadian oil sands) n 2007: world s first open sea catamaran floatover topside installations on the deepwater Kikeh Spar (Murphy Sabah Oil) 22 23

13 We want our people to reach their full potential our people We have a world-class workforce of 34,000 people. Our global scale means that we can provide the right people for the job, whenever and wherever they are needed. It is also this high level of opportunity which allows us to retain a workforce consisting of the industry s most highly qualified professionals. DEVELOPING TALENT We are an employer of choice and select our new employees from the highest qualified, most talented and mobile applicants. Throughout their career, we ensure the personal development of our staff and also have a number of loyalty initiatives to reward results. TECHNIP UNIVERSITY Our training organization, Technip University, creates programs in line with our needs as a business and the evolution of our industry. The programs proposed by Technip University are now an integral part of the learning and development opportunities offered to our employees. GENDER DIVERSITY IS A STRATEGIC PRIORITY FOR TECHNIP For two years we have been working with EDGE, the global business certification standard for gender equality. In 2014 our entities in Brazil, Italy and France were certified to the EDGE standard. In 2015 we were proud to be certified in 5 additional countries Australia, Malaysia, the United Kingdom, United Arab Emirates and United States. Technip remains the first and only company in the energy industry to receive this certification. We know that greater gender diversity drives performance, global competitiveness and team spirit. This independent recognition reflects the ongoing implementation of our vision that will transform diversity into a strong differentiator in the long term to take Technip even further. a world of talent 24 25

14 Calgary Claremont Mobile Technip Umbilicals Inc.: Houston Ciudad del Carmen Mexico City Port-of-Spain Caracas operational assets on all continents Operating centers Umbilicals plants Spoolbases Flexible pipe plants Logistic bases Construction yard Pori Orkanger Evanton Stavanger St. Petersburg Aberdeen Oslo Moscow Technip Umbilicals Ltd: Newcastle Milton Keynes Zoetermeer London Warsaw Boston St. John s Flexi France: Le Trait Frankfurt Paris Weymouth Lyon Marseille Rome Lisbon Barcelona Athens Bogotá Flexibras: Vitória Flexibras: Açu Macaé Rio de Janeiro Port of Angra our plants 4 Umbilical plants Accra 4 Flexible pipe plants Lagos Dande Cairo Luanda Angoflex: Lobito Kuwait Al-Khobar Doha Abu Dhabi New Delhi Mumbai Bangkok Chennai Ho Chi Minh City Rayong Kuala Lumpur Singapore Asiaflex Products: Tanjung Langsat Batam Shanghai Jakarta Balikpapan Perth Seoul local offices It is in our culture to establish local offices wherever possible. In doing so we are able to react more effectively to local issues, customs and regulations. skills transfer is a priority We invest in the places where we do business, and train our local staff, developing their skills and sharing our technologies. We therefore develop tomorrow s technological experts. Mobility to share know-how and expertise We send engineers to selected centers either to train local engineers or to receive training themselves. Staff who receive technology training at these centers then pass on their knowledge to their local colleagues when they return to their home countries. A unique network of offices, strong regional assets and multicultural teams A Global player A local actor A multi-local presence n Production assets on all continents n Local offices in 45 countries n Evolving fleet to expand our global reach n 86% of the employees in any local office are recruited from the local population n Nearly 100% of our Angolan Dande spoolbase and our Malaysian Asiaflex Products plant workforce is local national content in our projects We are able to undertake projects which require a very high level of national content thanks to our global presence, our assets on every continent and an extensive global network of suppliers. Boosting local economies Our global presence allows us to aim high when it comes to national content. We wish to link host country economies with our own growth by contributing to regional economies through our multi-local presence and through the projects we conduct. We therefore help local talents develop and give priority to on-site hiring

15 delivering sustainability Embed sustainable development in everything we do and build trust with our stakeholders is the basis of Technip s approach to create long-term added value and foster profitable and sustainable growth. This approach drives Technip s activities towards a more socially, economically and environmentally sustainable world, in line with the four principles stated in Technip s Sustainable Development Policy: n Developing people n Protecting people and the environment n Encouraging local development n Building a sustainable future We integrate long-term added-value into every aspect of our business RECOGNIZED SUSTAINABLE DEVELOPMENT LEADERSHIP Technip received the RobecoSAM Gold Class award in the Sustainability Yearbook 2016, confirming our status as Industry Leader. Our leadership in sustainability is also reflected by our inclusion in the Dow Jones Sustainability Indices (DJSI) World and Europe and by being part of the Euronext-Vigeo Europe 120 and Eurozone 120 indices. This recognition demonstrates Technip s commitment to create long-term added value for the social, economic and environmental benefit of all our stakeholders. KEY PERFORMANCE INDICATORS (2015) n Maintaining the highest ethical standards 53 crisis management exercises n Meeting stakeholders requirements and expectations 8.0/10: average grade of client satisfaction survey 8.6/10: post-delivery performance according to the client satisfaction survey n developing and protecting people 20% of women in managing positions 0.15 Total Recordable Case Frequency n protecting the environment 1.6 kg of waste produced per man-hour worked 2.8 kg eq. CO 2 produced per man-hour worked 15.9 liters of water consumed per man-hour worked n encouraging positive impacts on society 83.8% of staff in management positions are nationals 51% of the overall Procurement expenditure is certified to be sourced in the same country of purchase 1.4 million is the total amount of donations made by Technip entities in 33 countries n Signatory of the UN Global Compact since 2002 AN ONGOING COMMITMENT To maintain our status as a leader in sustainability, we endeavor to reduce our own carbon footprint and work with our clients to improve their environmental impact by offering innovative solutions which minimize CO 2 emissions and increase energy efficiency. We continue to contribute to the socio-economic balance of the regions in which we operate, with particular focus on creating direct and indirect local employment, protecting human rights throughout the supply chain and enhancing health and education levels. Our commitment to sustainable development and to its stakeholders is to act as a catalyst for responsible and long-term growth. The goal is to embed and inspire positive energy inside and outside the organization

16 Photos: Technip; Regards; p. 9: Patrick Zachmann/Magnum Photos; Thierry Gonzalez; Convergences Images; Thomas Villepoux. We would like to thank all our staff whose photos have been integrated in this brochure. Group Communications March

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