Technip’s Third Quarter 2016 Results: Strong Group Profitability at c.10%, 2016 Objectives Upgraded

Regulatory News:

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

THIRD QUARTER 2016: STRONG FINANCIALS

• Net Income up 12.4% versus 3Q 15 to €184 million
• Adjusted Operating Margin¹ at c.10%,
  up 0.4% versus 3Q 15
• Adjusted net cash resilient at €1.8 billion
• Order intake at €1.5 billion in line with recent quarters
• Adjusted revenue at €2.9 billion, stable at constant currency
  versus 3Q 15

EFFECTIVE EXECUTION AND COST REDUCTION

• Successful offshore campaigns, strong vessel utilization in Subsea,
  and successful sail away of all 78 modules for phase 1 of Yamal LNG
  project
• Cost reduction plan on track: €900 million savings by year-end 2016
  out of a total of over €1 billion

FULL YEAR 2016 OBJECTIVES UPGRADED

• Subsea upgraded: adjusted revenue above €5.0 billion (previously
  between €4.7 and €5.0 billion), adjusted Operating Income From
  Recurring Activities² around €700 million (previously
  around €680 million)
• Onshore/Offshore unchanged: adjusted revenue between €5.7 and €6.0
  billion, adjusted Operating Income From Recurring Activities²
  around €280 million

MERGER UPDATE

• Major regulatory milestones achieved
• Shareholder meetings called for December 5, 2016

¹ Adjusted operating income from recurring activities after
income/(loss) of equity affiliates, divided by adjusted revenue.
²
Adjusted operating income from recurring activities after income/(loss)
of equity affiliates.

Note: The third quarter 2016 results presented in this press
release were prepared on the adjusted basis as described in Technip’s
fourth quarter 2015 press release. These results reflect the financial
reporting framework used for management purposes.

• 3Q 16 revenue at €2,126 million within IFRS framework and €2,919
  million within adjusted framework
• 3Q 16 net income at €184 million within both IFRS and adjusted
  frameworks

On October 25, 2016, Technip’s Board of Directors approved the condensed
interim consolidated financial statements for the first nine-month
period ended September 30, 2016.

€ million (except Diluted Earnings per Share)			3Q 15				3Q 16				Change				9M 15				9M 16				Change
Adjusted Revenue			3,108.9				2,919.4				(6.1)%				9,090.6				8,494.4				(6.6)%
Subsea			1,547.0				1,397.2				(9.7)%				4,388.4				4,148.8				(5.5)%
Onshore/Offshore			1,561.9				1,522.2				(2.5)%				4,702.2				4,345.6				(7.6)%
Adjusted Underlying EBITDA1			371.8				352.7				(5.1)%				968.5				981.8				1.4%
Adjusted Underlying EBITDA Margin			12.0%				12.1%				12bp				10.7%				11.6%				90bp
Adjusted Underlying OIFRA2			292.0				284.6				(2.5)%				745.2				780.9				4.8%
Subsea			232.0				229.1				(1.3)%				647.5				610.6				(5.7)%
Onshore/Offshore			75.5				70.3				(6.9)%				152.2				213.5				40.3%
Adjusted Underlying Operating Margin3			9.4%				9.7%				36bp				8.2%				9.2%				100bp
One-off Charge			(14.4)				(9.0)				nm				(584.8)				(98.5)				nm
Underlying Net Income4			184.3				203.2				10.3%				475.3				523.9				10.2%
Net Income of the Parent Company			163.9				184.3				12.4%				(56.9)				422.0				nm
Diluted Earnings per Share5 (€)			1.35				1.46				8.0%				(0.50)				3.44				nm
Order Intake			1,746				1,514								4,757				3,927
Backlog			17,459				12,285								17,459				12,285

¹ Adjusted operating income from recurring activities after
income/(loss) of equity affiliates excluding exceptional items,
depreciation and amortization. No exceptional items in 9M16.
²
Adjusted operating income from recurring activities after income/(loss)
of equity affiliates excluding exceptional items. No exceptional items
in 9M16.
³ Adjusted operating income from recurring
activities after income/(loss) of equity affiliates excluding
exceptional items, divided by adjusted revenue. No exceptional items in
9M16.
⁴ Net income of the parent company excluding
exceptional items. See annex V.
⁵ As per IFRS, diluted
earnings per share are calculated by dividing income/(loss) attributable
to the parent company’s shareholders, restated for 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 and still
outstanding IFRS 2 charge is lower than the average market share price
during the EPS reference period.

Thierry Pilenko, Chairman and CEO, commented: “A robust
operational performance associated with strong cost reduction measures
enabled Technip to record a solid third quarter including an adjusted
margin on recurring operations nearing 10%. In addition, we have made
considerable progress towards our merger with FMC Technologies passing
major regulatory milestones. Last, we recorded a first project win for
our alliance.

Third Quarter Performance

In Subsea, we started handover to clients on a range of projects,
including T.E.N. in Ghana ahead of schedule. Vessel utilization remained
strong at 86% reflecting efficient management of our high-end fleet,
including in Brazil where we have 5 vessels on charter. We continued to
be busy also across our flexible manufacturing plants. In
Onshore/Offshore, on the Yamal project, we completed the sail away of
all 78 modules planned for the first phase of the project, and their
delivery on the Sabetta site in Siberia is ahead of schedule.
Mobilisation on site has also been impressive this year, with over
10,000 people now active on the site construction and hook-up.

Our cost reduction efforts continued as planned and enabled us to
sustain our adjusted group margins at 9.7% (compared to 9.4% last year)
despite revenues being down 6.1% year-on-year.

Technip's adjusted OIFRA was therefore €285 million compared to €260
million in the second quarter and €292 million a year ago. Net income
rose 12.4% to €184 million.

Our cash-flow showed the expected outflow of working capital as we
applied contract advances to project progress but net cash was resilient
at €1.8 billion.

Order intake was in line with last quarters, with nearly €0.5 billion in
Subsea and €1 billion in Onshore/Offshore, with the Greater Enfield and
Jebel Ali projects being the most important awards.

Market Outlook

Our teams are busy tendering on new projects, even if the picture is
varied across geographic regions.

Onshore/Offshore remains quite robust and we continue to see
opportunities to get involved early with customers, positioning
ourselves for future projects. The resilience of this segment is
underpinned by our long-lasting client relationships, our front-end
presence and our proprietary technology. We continue to be well
positioned on a number of promising early stage Onshore/Offshore
projects.

In Subsea, we are seeing pockets of growing demand, for example
greenfield in the North Sea, and sustained interest for long tiebacks
and field extensions. Also, our clients continue to work with us on
securing structural cost reduction in offshore developments. This
interest has accelerated over last six months through our Technip / FMC
Technologies Alliance, with 17 integrated early stage studies at the
Forsys Subsea joint venture and our first follow-on business - a fast
track development of the Lancaster field in the North Sea.

Overall, we remain confident in our ability to drive change in our
industry and therefore to enable our clients to make new offshore
investments on a profitable basis, even in a low oil price environment.

Turning to our full year 2016 objectives, our Subsea guidance is
upgraded with adjusted revenues expected above €5 billion and adjusted
OIFRA around €700 million, while our Onshore/Offshore guidance remains
unchanged in every respect.

We expect to enter 2017 with a good backlog and promising prospects, and
intend to continue to drive out costs down and focus on solid project
execution. Based on these elements, we would expect for 2017: Subsea to
deliver roughly stable adjusted margins on lower adjusted revenues;
Onshore/Offshore to deliver rising adjusted profit and adjusted margins
on slightly lower revenues.

Merger with FMC Technologies

A number of important milestones have been reached over the last three
months. Along with obtaining anti-trust in most countries, we have
foreign investment approval both in the US and France. The necessary
regulatory fillings have also been validated.

As a result, we confirm that both companies will hold their
shareholders' meetings on December 5, 2016. This would enable our merger
to close in January, earlier than originally planned.

Conclusion

To conclude, Technip’s teams have shown their ability in the third
quarter to capitalize on the backlog to deliver solid revenue and
profit, even in the current downturn of our industry. We have retained a
robust, liquid balance sheet. Based on our proven model, we are proving
capable of winning diversified and integrated new projects. Last, we are
taking further our strategy to create a broad based oilfield services
company through the merger with FMC Technologies, which will create the
third largest company in our sector, well placed to create substantial
value for all our stakeholders.”

I. ORDER INTAKE AND BACKLOG

1. Third Quarter 2016 Order Intake

During third quarter 2016, Technip’s order intake was €1.5
billion. The breakdown by business segment was as follows:

Order Intake1 (€ million)			3Q 2015				3Q 2016
Subsea			530				486
Onshore/Offshore			1,216				1,028
Total			1,746				1,514

Subsea order intake included a large contract for the development
of the Greater Enfield Project in the North West Shelf, Australia. This
project covers project management, design, engineering, procurement,
installation and pre-commissioning (EPIC) of flowlines, flexible risers,
umbilicals and other subsea structures. The flexible pipes will be
manufactured in Asiaflex in Malaysia, while the umbilicals will be
supplied by Technip Umbilicals’ facility in Newcastle, UK. A range of
vessels from the Group’s fleet will be involved in the project.

Onshore/Offshore order intake included a large engineering,
procurement and construction (EPC) contract covering the design and
construction of new processing and ancillary units for the expansion of
the Jebel Ali refinery in United Arab Emirates, on which Technip worked
when it was first built. The main package of the project consists of
adding a new Condensate processing train to the existing facility,
expanding its daily capacity to 210,000 barrels, up from 140,000 barrels
per day.

In Russia, Technip was awarded a contract to provide engineering and
procurement of three proprietary SMK™ grassroots furnaces at Kazan,
Republic of Tatarstan. The furnaces will be part of an ethylene plant at
the site. The project represents another step in the ongoing cracking
furnaces replacement program of the client.

Listed in annex IV are the main contracts announced since July 2016 and
their approximate value if publicly disclosed.

2. Backlog

At the end of third quarter 2016, Technip’s backlog was €12.3
billion, compared with €13.5 billion at the end of second quarter 2016
and €17.5 billion at the end of third quarter 2015.

Estimated Backlog2 Scheduling as of September 30, 2016 (€ million)				Subsea				Onshore/Offshore				Group
2016 (3 months)				1,006				1,337				2,343
2017				2,566				3,639				6,205
2018 and beyond				1,506				2,231				3,737
Total				5,078				7,207				12,285

¹ Order intake includes all projects for which revenues are
consolidated in our adjusted financial statements.
²
Backlog includes all projects for which revenues are consolidated in our
adjusted financial statements.

II. THIRD QUARTER 2016 OPERATIONAL & FINANCIAL HIGHLIGHTS – ADJUSTED
BASIS

1. Subsea

Subsea main operations for the quarter were as follows:

• In the Americas:
  • In the US Gulf of Mexico, the Deep Blue successfully
    completed its offshore operations on the Thunder Horse South
    Expansion and Odd Job projects, and also completed the first trip
    of a combined installation campaign on the Blind Faith and the
    South Santa Cruz and Barataria developments. Meanwhile, the final
    completion certificate for Stones DC1 was received.
  • In Brazil, at our manufacturing plants in Vitória and Açu,
    flexible pipe production progressed for the pre-salt fields of
    Lula Alto, Iracema Norte and Libra Extended Well Test, and was
    completed for the Iracema Sul field. Meanwhile, the pipe-lay
    support vessel (PLSV) Skandi Açu was delivered and started working
    under its 8-year long term charter contract.
  • In Central America, the first diving trip on the Juniper
    project was completed by the Wellservicer which was subsequently
    mobilized on Mariscal Sucre Dragon development in Venezuela.

• In the North Sea, offshore operations continued on Quad 204
  where the North Sea Atlantic completed all riser connections to the
  Glen Lyon FPSO and started infield works. On Edradour, the Deep Energy
  and the Skandi Africa successfully completed the 2016 offshore
  campaign, the former installing rigid pipelines and the latter
  manifolds and umbilicals. On Greater Stella, the Apache completed the
  oil export pipeline installation campaign, while the Orelia was
  mobilized in the end of the quarter to perform the tie-ins and
  commissioning.
• In Asia Pacific, the Deep Orient vessel completed the offshore
  operations related to the jumper metrology on Prelude in Australia and
  was mobilized once again on the project in the end of the quarter to
  perform the jumper installation campaign. Meanwhile, in Indonesia, the
  G1201 completed the S-lay campaign on Jangkrik at the end of the
  quarter, and started transit to Trinidad and Tobago to work on the
  Juniper project.
• In West Africa, the Deep Pioneer successfully completed its
  offshore operations on T.E.N. in Ghana and on the Mpungi North, part
  of the Block 15/06 development in Angola, while the G1200 vessel
  continued working on Moho Nord in Congo. On Kaombo, engineering and
  procurement progressed and umbilicals fabrication continued in our
  manufacturing plants, while the welding of the rigid pipes started in
  the Dande spoolbase, in Angola.

Overall, the Group vessel utilization rate for the third quarter
of 2016 was 86%, below the 89% in the third quarter of 2015 and above
the 77% in the second quarter of 2016. The Olympic Challenger lease
charter expired, returned to its owner and left the Technip fleet.

Subsea financial performance is set out in the following table:

€ million			3Q 2015				3Q 2016				Change
Subsea
Adjusted Revenue			1,547.0				1,397.2				(9.7)%
Adjusted EBITDA			302.4				289.5				(4.3)%
Adjusted EBITDA Margin			19.5%				20.7%				117bp
Adjusted OIFRA after Income/(Loss) of Equity Affiliates*			232.0				229.1				(1.3)%
Adjusted Operating Margin			15.0%				16.4%				140bp

* No one-off charge accounted in Subsea adjusted operating income from
recurring activities.

2. Onshore/Offshore

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

• In the Middle East, the float-over of the topsides was
  accomplished for the FMB platforms, offshore Qatar. Meanwhile, in
  United Arab Emirates, fabrication continued for the Umm Lulu complex
  and mobilization started for the design and construction of new
  processing and ancillary units for the expansion of the Jebel Ali
  refinery.
• In Asia Pacific, installation works were successfully completed
  for the Malikai tension leg platform (TLP) offshore Malaysia, while
  the Petronas FLNG Satu neared Ready For Start Up. In South Korea,
  integration and commissioning activities continued on the Prelude
  FLNG. In Brunei, construction was completed for the Maharaja Lela &
  Jamalulalam South project.
• In Europe and Russia, all 78 modules of the phase 1 of the
  Yamal LNG project sailed away to Sabetta. 75 modules have already been
  delivered to the site and 3 modules are currently passing through the
  Northern Sea Route. In Slovakia, construction activities progressed
  well for the Duslo ammonia plant with the erection of steel structures
  ongoing. In the Czech Republic, procurement activities continued for
  the Litvinov polyethylene plant.

• In Africa, early works progressed well for the MIDOR refinery
  modernization and expansion project in Egypt.
• In the Americas, construction activities continued on the
  CPChem polyethylene plant in Texas and on Sasol’s ethane cracker and
  derivative complex near Lake Charles, Louisiana. The mechanical
  completion of the jacket was achieved for the Juniper platform in
  Trinidad and Tobago.

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

€ million			3Q 2015				3Q 2016				Change
Onshore/Offshore
Adjusted Revenue			1,561.9				1,522.2				(2.5)%
Adjusted OIFRA after Income/(Loss) of Equity Affiliates*			75.5				70.3				(6.9)%
Adjusted Underlying Operating Margin			4.8%				4.6%				(22)bp

* No one-off charge accounted in Onshore/Offshore adjusted operating
income from recurring activities.

3. Group

The Group’s adjusted operating income from recurring activities after
income/(loss) of equity affiliates is set out in the table below.
Corporate charges fell to €15 million from €16 million in the third
quarter 2015.

€ million			3Q 2015				3Q 2016				Change
Group
Adjusted Revenue			3,108.9				2,919.4				(6.1)%
Adjusted OIFRA after Income/(Loss) of Equity Affiliates*			292.0				284.6				(2.5)%
Adjusted Underlying Operating Margin			9.4%				9.7%				36bp

* No one-off charge accounted in adjusted operating income from
recurring activities.

In the third quarter of 2016, compared to a year ago, the estimated
translation impact from foreign exchange was negative €94 million
on adjusted revenue and negative €21 million on adjusted operating
income from recurring activities after income/(loss) of equity
affiliates.

4. Adjusted Non-Current Items and Group Net Income

Adjusted non-current operating items of €(9) million were booked in the
quarter mainly related to the restructuring plan. We continue to expect
to deliver €900 million of cost savings in 2016 out of a total of over
€1 billion. In addition, we booked €12 million of transaction costs in
the quarter related to the combination with FMC Technologies.

Adjusted financial result in the third quarter of 2016 included
net interest expenses of only €4 million and a €9 million positive
impact from changes in foreign exchange rates and the fair market value
of hedging instruments.

€ million (except Diluted Earnings per Share and Diluted Number of Shares)		3Q 2015		3Q 2016		Change
Adjusted OIFRA after Income/(Loss) of Equity Affiliates*		292.0		284.6		(2.5)%
Adjusted Non-Current Operating Result		(14.0)		(21.6)		54.3%
Adjusted Financial Result		(39.2)		4.1		nm
Adjusted Income Tax Expense		(70.3)		(83.4)		18.6%
Adjusted Effective Tax Rate		29.4%		31.2%		179bp
Adjusted Non-Controlling Interests		(4.6)		0.6		nm
Net Income of the Parent Company		163.9		184.3		12.4%
Underlying Net Income		184.3		203.2		10.3%
Diluted Number of Shares		125,439,384		126,896,391		1.2%
Diluted Earnings per Share (€)		1.35		1.46		8.0%

* No one-off charge accounted in adjusted operating income from
recurring activities.

5. Adjusted Cash Flow and Statement of Consolidated Financial Position

As of September 30, 2016, the cash and cash equivalents were as
follows (€ million):

Adjusted Cash1 as of June 30, 2016		4,494.9
Adjusted Cash Generated from/(used in) Operating Activities		(198.9)
Adjusted Cash Generated from/(used in) Investing Activities		(35.3)
Adjusted Cash Generated from/(used in) Financing Activities*		(161.8)
Adjusted FX Impacts		47.7
Adjusted Cash1 as of September 30, 2016		4,146.6

*out of which share buy-back for €135.7 million

As of September 30, 2016, the adjusted net cash position was
€1,824 million, down €368 million compared with €2,192 million as of
June 30, 2016, reflecting project progress and the share buy-back during
the quarter.

Adjusted capital expenditures for the third quarter of
2016 were €35 million, compared with €74 million one year ago.

The Group’s balance sheet remains robust and liquid. Adjusted shareholders’
equity of the parent company as of September 30, 2016 was
€4,817 million, compared with €4,536 million as of December 31, 2015.

¹ Adjusted cash and cash equivalents, less bank overdraft.

6. Other

As previously disclosed, on March 31, 2016, Dong terminated, on the
grounds of an alleged material breach, a contract signed on February 27,
2012 with a consortium of Technip France and DSME. This contract covered
engineering, procurement, fabrication, hook-up, and commissioning
assistance for a fixed wellhead and process platform and associated
facilities for the Hejre field offshore Denmark. Dong announced that it
will not complete the platform and will seek to avoid taking delivery
and ownership of the platform. This dispute is currently progressing
through a series of arbitration proceedings managed by the competent
arbitral tribunal pursuant to which Dong and the consortium members will
present their respective claims and arguments. The consortium members
reiterate that they do not agree with Dong's actions or grounds.

III. FULL YEAR 2016 OBJECTIVES UPGRADED

• Subsea upgraded: Adjusted revenue above €5.0 billion (previously
  between €4.7 and €5.0 billion), adjusted Operating Income From
  Recurring Activities¹ around €700 million
  (previously around €680 million)
• Onshore/Offshore unchanged: adjusted revenue between €5.7 and €6.0
  billion, adjusted Operating Income From Recurring Activities¹
  around €280 million

¹ Adjusted operating income from recurring activities after
income/(loss) of equity affiliates.

°

° °

The information package on Third Quarter 2016 results includes this
press release and the annexes which follow, as well as the presentation
published on Technip’s website: www.technip.com

NOTICE

Today, Thursday, October 27, 2016, Chairman and CEO Thierry Pilenko,
along with Group CFO Julian Waldron, will comment on Technip’s results
and answer questions from the financial community during a conference
call in English starting at 9:30 a.m. Paris time.

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 44
UK:			+44 (0) 203 367 9453
USA:			+1 855 402 7761

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 three months on Technip’s
website and at the following telephone numbers:

			Telephone Numbers			Confirmation Code
France / Continental Europe:			+33 (0) 1 72 00 15 00			303880#
UK:			+44 (0) 203 367 9460			303880#
USA:			+1 877 642 3018			303880#

Cautionary note regarding forward-looking statements

This press release 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 press release 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, close to 31,000 people are
constantly offering the best solutions and most innovative technologies
to meet the world’s energy challenges.

Present in 45 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 Euronext Paris exchange, and its ADR is
traded in the US on the OTCQX marketplace as an American Depositary
Receipt (OTCQX: TKPPY).

ANNEX I (a) 1 ADJUSTED CONSOLIDATED STATEMENT OF INCOME
		Third Quarter Not audited						9 Months Not audited
€ million (except Diluted Earnings per Share and Diluted Number of Shares)		2015		2016		Change		2015		2016		Change
Revenue		3,108.9		2,919.4		(6.1)%		9,090.6		8,494.4		(6.6)%
Gross Margin		456.8		424.6		(7.0)%		1,059.4		1,227.9		15.9%
Research & Development Expenses		(19.4)		(19.7)		1.5%		(61.0)		(60.8)		(0.3)%
SG&A and Other		(150.9)		(125.6)		(16.8)%		(459.8)		(397.7)		(13.5)%
Share of Income/(Loss) of Equity Affiliates		5.5		5.3		(3.6)%		22.2		11.5		(48.2)%
OIFRA after Income/(Loss) of Equity Affiliates		292.0		284.6		(2.5)%		560.8		780.9		39.2%
Non-Current Operating Result		(14.0)		(21.6)		54.3%		(417.8)		(125.9)		nm
Operating Income		278.0		263.0		(5.4)%		143.0		655.0		nm
Financial Result		(39.2)		4.1		nm		(106.5)		(63.2)		(40.7)%
Income/(Loss) before Tax		238.8		267.1		11.9%		36.5		591.8		nm
Income Tax Expense		(70.3)		(83.4)		18.6%		(84.2)		(170.7)		nm
Non-Controlling Interests		(4.6)		0.6		nm		(9.2)		0.9		nm
Net Income/(Loss) of the Parent Company		163.9		184.3		12.4%		(56.9)		422.0		nm
Diluted Number of Shares		125,439,384		126,896,391		1.2%		114,325,725		125,301,723		9.6%
Diluted Earnings per Share (€)		1.35		1.46		8.0%		(0.50)		3.44		nm

¹ Note that statements disclosed in annexes I(a) and I(c) do
not report underlying results. Please refer to annex V for the
underlying net income reconciliation.

IFRS CONSOLIDATED REVENUE AND NET INCOME
		Third Quarter Not audited						9 Months Not audited
€ million		2015		2016		Change		2015		2016		Change
Revenue		2,608.6		2,126.3		(18.5)%		7,945.0		6,413.7		(19.3)%
Net Income/(Loss) of the Parent Company		163.9		184.3		12.4%		(56.9)		422.0		nm

ANNEX I (b) FOREIGN CURRENCY CONVERSION RATES
		Closing Rate as of				Average Rate of
		Dec. 31, 2015		Sep. 30, 2016		3Q 2015		3Q 2016		9M 2015		9M 2016
USD for 1 EUR		1.09		1.12		1.11		1.12		1.11		1.12
GBP for 1 EUR		0.73		0.86		0.72		0.85		0.73		0.80
BRL for 1 EUR		4.31		3.62		3.94		3.62		3.52		3.96
NOK for 1 EUR		9.60		8.99		9.14		9.29		8.81		9.38

ANNEX I (c) 1 ADJUSTED ADDITIONAL INFORMATION BY BUSINESS SEGMENT
		Third Quarter Not audited						9 Months Not audited
€ million		2015		2016		Change		2015		2016		Change
SUBSEA
Revenue		1,547.0		1,397.2		(9.7)%		4,388.4		4,148.8		(5.5)%
Gross Margin		301.0		288.2		(4.3)%		841.3		797.4		(5.2)%
OIFRA after Income/(Loss) of Equity Affiliates		232.0		229.1		(1.3)%		647.5		610.6		(5.7)%
Operating Margin		15.0%		16.4%		140bp		14.8%		14.7%		(4)bp
Depreciation and Amortization		(70.4)		(60.4)		(14.2)%		(194.1)		(175.8)		(9.4)%
EBITDA		302.4		289.5		(4.3)%		841.6		786.4		(6.6)%
EBITDA Margin		19.5%		20.7%		117bp		19.2%		19.0%		(22)bp
ONSHORE/OFFSHORE
Revenue		1,561.9		1,522.2		(2.5)%		4,702.2		4,345.6		(7.6)%
Gross Margin		155.8		136.4		(12.5)%		218.1		430.5		nm
OIFRA after Income/(Loss) of Equity Affiliates		75.5		70.3		(6.9)%		(32.2)		213.5		nm
Operating Margin		4.8%		4.6%		(22)bp		(0.7)%		4.9%		nm
Depreciation and Amortization		(9.4)		(7.7)		(18.1)%		(29.2)		(25.1)		(14.0)%
CORPORATE
OIFRA after Income/(Loss) of Equity Affiliates		(15.5)		(14.8)		(4.5)%		(54.5)		(43.2)		(20.7)%
Depreciation and Amortization		-		-		-		-		-		-

¹ Note that statements disclosed in annexes I(a) and I(c) do
not report underlying results. Please refer to annex V for the
underlying net income reconciliation.

ANNEX I (d) ADJUSTED REVENUE BY GEOGRAPHICAL AREA
		Third Quarter Not audited						9 Months Not audited
€ million		2015		2016		Change		2015		2016		Change
Europe, Russia, Central Asia		1,202.9		1,432.0		19.0%		3,385.6		3,810.8		12.6%
Africa		428.2		446.9		4.4%		1,371.9		1,341.9		(2.2)%
Middle East		193.0		133.1		(31.0)%		698.2		513.4		(26.5)%
Asia Pacific		581.6		315.9		(45.7)%		1,540.5		1,044.0		(32.2)%
Americas		703.2		591.5		(15.9)%		2,094.4		1,784.3		(14.8)%
TOTAL		3,108.9		2,919.4		(6.1)%		9,090.6		8,494.4		(6.6)%

ANNEX II ADJUSTED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
		Dec. 31, 2015 Audited		Sep. 30, 2016 Not audited
€ million
Fixed Assets		6,507.9		6,277.4
Deferred Tax Assets		481.8		471.9
Non-Current Assets		6,989.7		6,749.3
Construction Contracts – Amounts in Assets		652.0		885.7
Inventories, Trade Receivables and Other		3,366.5		3,651.8
Cash & Cash Equivalents		4,501.4		4,146.6
Current Assets		8,519.9		8,684.1
Assets Classified as Held for Sale		26.4		0.6
Total Assets		15,536.0		15,434.0
Shareholders’ Equity (Parent Company)		4,536.4		4,817.0
Non-Controlling Interests		8.5		19.5
Shareholders’ Equity		4,544.9		4,836.5
Non-Current Financial Debts		1,626.0		1,560.8
Non-Current Provisions		243.0		210.7
Deferred Tax Liabilities and Other Non-Current Liabilities		215.0		195.0
Non-Current Liabilities		2,084.0		1,966.5
Current Financial Debts		937.1		761.9
Current Provisions		435.7		580.4
Construction Contracts – Amounts in Liabilities		2,308.2		1,721.7
Trade Payables & Other		5,226.1		5,567.0
Current Liabilities		8,907.1		8,631.0
Total Shareholders’ Equity & Liabilities		15,536.0		15,434.0
Net Cash Position		1,938.3		1,823.9

Adjusted Statement of Changes in Shareholders’ Equity (Parent Company)
Not audited (€ million):
Shareholders’ Equity as of December 31, 2015		4,536.4
Net Income		422.0
Other Comprehensive Income		76.0
Capital Increase		136.6
Treasury Shares		(133.0)
Dividends Paid		(236.6)
Other		15.6
Shareholders’ Equity as of September 30, 2016		4,817.0

ANNEX III (a) ADJUSTED CONSOLIDATED STATEMENT OF CASH FLOWS
		9 Months Not audited
€ million		2015				2016
Net Income/(Loss) of the Parent Company		(56.9)				422.0
Depreciation & Amortization of Fixed Assets		266.1				200.9
Stock Options and Performance Share Charges		19.9				13.5
Non-Current Provisions (including Employee Benefits)		145.3				(3.9)
Deferred Income Tax		(72.8)				(59.8)
Net (Gains)/Losses on Disposal of Assets and Investments		(28.3)				15.5
Non-Controlling Interests and Other		13.4				18.1
Cash Generated from/(used in) Operations		286.7				606.3
Change in Working Capital Requirements		123.0				(281.7)
Net Cash Generated from/(used in) Operating Activities				409.7				324.6
Capital Expenditures		(218.2)				(97.1)
Proceeds from Non-Current Asset Disposals		5.2				(71.3)
Acquisitions of Financial Assets		(2.3)				0.0
Acquisition Costs of Consolidated Companies, Net of Cash Acquired		(31.7)				0.0
Net Cash Generated from/(used in) Investing Activities				(247.0)				(168.4)
Net Increase/(Decrease) in Borrowings		(102.7)				(287.9)
Capital Increase		21.3				0.7
Dividends Paid		(88.9)				(100.8)
Share Buy-Back and Other		(5.8)				(135.7)
Net Cash Generated from/(used in) Financing Activities				(176.1)				(523.7)
Net Effects of Foreign Exchange Rate Changes				78.2				12.8
Net Increase/(Decrease) in Cash and Cash Equivalents				64.8				(354.7)
Bank Overdrafts at Period Beginning		(0.9)				(0.1)
Cash and Cash Equivalents at Period Beginning		3,738.3				4,501.4
Bank Overdrafts at Period End		0.0				0.0
Cash and Cash Equivalents at Period End		3,802.2				4,146.6
				64.8				(354.7)

ANNEX III (b) ADJUSTED CASH & FINANCIAL DEBTS
€ million		Dec. 31, 2015 Audited		Sep. 30, 2016 Not audited
Cash Equivalents		2,555.7		2,430.9
Cash		1,945.7		1,715.7
Cash & Cash Equivalents (A)		4,501.4		4,146.6
Current Financial Debts		937.1		761.9
Non-Current Financial Debts		1,626.0		1,560.8
Gross Debt (B)		2,563.1		2,322.7
Net Cash Position (A – B)		1,938.3		1,823.9

ANNEX IV
CONTRACT AWARDS
Not audited

The main contracts we announced during third quarter 2016 were
the following:

Subsea Segment:

• A frame agreement to provide Inspection, Repair and Maintenance (IRM)
  services for 2016 with possible extension to include 2017 and 2018 on
  the client’s North Sea subsea infrastructure. The frame agreement
  covers provision of equipment, including diving equipment, underwater
  intervention and engineering services, Onshore management and
  engineering support, provision of ancillary personnel and equipment to
  support execution of the work, diver inspection, ROV inspection,
  maintenance, repair, construction and decommissioning. Repsol
  Sinopec Resources UK Limited, UK,
• A large subsea contract for the development of the Greater Enfield
  Project, covering project management, design, engineering,
  procurement, installation and pre-commissioning (EPIC) of carbon steel
  production flowline, carbon steel water injection flowline, flexible
  risers and flowlines, umbilicals, subsea structures and valves and
  multi-phase pump system. The flexible pipes will be manufactured in
  Asiaflex, located in Malaysia, the umbilicals will be supplied by
  Technip Umbilicals’ facility located in Newcastle, UK and the offshore
  installation at a water depth of between 340 and 850 meters will use
  several vessels from Technip’s fleet. Woodside, North West Shelf,
  Australia.

Onshore/Offshore Segment:

• A Master Services Agreement (MSA) for a 12 mtpa Liquefied Natural Gas
  (LNG) export terminal. The MSA will be utilized to execute engineering
  services necessary to develop the project including the Front End
  Engineering Design (FEED) and supporting the Federal Energy Regulatory
  Commission (FERC) process. SCT&E LNG Inc, Monkey Island, Louisiana,
  USA,
• A significant service contract awarded to RusTechnip for the existing
  GazpromNeft Refinery covering the engineering, procurement and
  construction management services (EPsCm) for the construction of a new
  Crude Distillation Unit - Vacuum Distillation Unit complex. PJSC
  GAZPROM NEFT, Omsk, Russia,
• An exclusive cooperation agreement to provide EPC services for its
  modular pyrolysis plants. The plants will be based on BTL's Fast
  Pyrolysis Oil (FPO) technology which converts biomass to oil through a
  rapid pyrolysis process. The agreement combines Technip's global
  strength in technology, engineering, procurement and construction with
  BTL's experience in the design and commercial operation of one of the
  world's first FPO production facilities. BTG BioLiquids B.V. (BTL),
  Netherlands,
• A large contract, covering the EPC for the design and construction of
  Jebel Ali new processing units and ancillary units. The main package
  of the project will add a new Condensate processing train to the
  existing facility, expanding its daily capacity to 210,000 barrels, up
  from its existing current 140,000 barrels per day. ENOC, Dubai,
  United Arab Emirates.

Since September 30, 2016, Technip has also announced the award of
the following contracts, which were included in the backlog as of
September 30, 2016:

Subsea Segment:

• A contract for the Samarang Redevelopment Project Phase 2 EOR, where
  Technip will manage the engineering, supply, construction,
  installation and commissioning (EPCIC) of flexible pipelines, with
  diameters ranging from 4” to 6”, as well as EPCIC of associated
  platform I-tubes. Petronas Carigali Sdn Bhd, Malaysia.

Onshore/Offshore Segment:

• A contract to provide engineering and procurement of three proprietary
  SMK™ grassroots furnaces. The furnaces will be part of the existing
  ethylene plant at the site. This project is another step in the
  client’s ongoing cracking furnaces replacement program. This furnace
  type is particularly suitable for cracking high-capacity, low-cost
  ethane and propane gas feedstock. Kazanorgsintez, Kazan, Republic
  of Tatarstan, Russia.

Since September 30, 2016, Technip has also announced the award of
the following contracts, which were not included in the backlog
as of September 30, 2016:

Subsea Segment:

• An important contract for the Dvalin field development (previously
  named Zidane) covering a tieback from a new 4-slot template to the
  Heidrun platform through a 15km long Pipe-in-Pipe production line. The
  contract includes engineering, procurement and installation of the
  pipelines, spools, riser bases and PLEMs (pipeline end modules) as
  well as rock installation and commissioning scope. Also included in
  the contract is the installation of a control umbilical between
  Heidrun and the Dvalin template. DEA Norge AS, Norway.

€ million		Third Quarter 2016		9 Months 2016
Net Income of the Parent Company		184.3		422.0
One-off charges in OIFRA		0.0		0.0
Charges from Non-Current Activities		9.0		98.5
Other		12.6		27.4
Taxes & Financial Result		(2.7)		(24.0)
Underlying Net Income		203.2		523.9

View source version on businesswire.com: http://www.businesswire.com/news/home/20161026006965/en/

Source: Business Wire
(October 27, 2016 - 1:00 AM EDT)

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