Technipfmc Plc · NYSE:FTI
Technipfmc — Barclays CEO Energy-Power Conference 2022
12 slides from Technipfmc's conference presentation, Sep 6, 2022
Slide 1: Barclays CEO Energy-Power Conference
Barclays CEO Energy-Power Conference Doug Pferdehirt, Chair and CEO September 6, 2022
Slide 2: Disclaimer
Disclaimer Forward-looking statements This communication contains “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statement usually relate
Slide 3: TechnipFMC – A compelling investment story
TechnipFMC – A compelling investment story International ‘pure-play’ Offshore leader Undervalued growth International ~ $24 billion > $1 billion opportunity set over next 24 months Subsea EBITDA by 2025e1 Offshore Middle East for subsea industry for TechnipFMC Company believes international Offs
Slide 4: International 'pure-play'
International ‘pure-play’ More than 90% of our revenue is generated outside of the North America land market Canada Gulf of North Mexico Sea Offshore International Middle East South Asia America Pacific Africa Barclays CEO Energy-Pow er Conference | 4
Slide 5: Offshore recovery is here
Offshore recovery is here Subsea opportunities in the next 24 months2 • Near-term opportunity set is large and visible – Subsea Opportunity list of ~$24b for potential industry award • Additionally, we continue to see strong tieback activity in Gulf of Mexico, North Sea and West Africa EQUINOR Roseb
Slide 6: New frontiers and Energy Transition extend offshore investment
New frontiers and Energy Transition extend offshore investment • Clear signs that exploration activity is underway in new offshore frontiers for conventional oil and gas • We are confident offshore will be the next frontier for the Energy Transition Colombia Suriname Namibia New frontiers (oil and g
Slide 7: EBITDA growth at a valuation discount
1 EBITDA growth at a valuation discount Significant improvement in Subsea EBITDA TechnipFMC undervalued relative to peers 2023e EV/EBITDA4 Peer Average = 8.0x Total Com pany adjusted EBITDA $668m Subsea EBITDA $1,050m Subsea 8.6x 8.6x adjusted EBITDA 7.8x 6.9x $621m 5.7x 2022e 2 2025e 3 Subsea Surfa
Slide 8: TechnipFMC – A compelling investment story
TechnipFMC – A compelling investment story International ‘pure-play’ Offshore leader Undervalued growth International ~ $24 billion > $1 billion opportunity set over next 24 months Subsea EBITDA by 2025e1 Offshore Middle East for subsea industry for TechnipFMC Company believes international Offs
Slide 9: Appendix
Appendix Barclays CEO Energy-Pow er Conference | 9
Slide 10: 2022 Full-year financial guidance
2022 Full-year financial guidance2 As of February 23, 2022 Subsea Surface Technologies Revenue in a range of $5.2 – 5.6 billion Revenue in a range of $1,150 – 1,300 million EBITDA margin in a range of 11 – 12% EBITDA margin in a range of 11 – 13% (excluding charges and credits) (excluding ch
Slide 11: Non-GAAP financial measures
Non-GAAP financial measures 1EBITDA and adjusted EBITDA are non-GAAP financial measures. We are unable to provide a reconciliation to comparable GAAP financial measures on a forward-looking basis without unreasonable effort because of the unpredictability of the individual components of the most dir
Slide 12: TechnipFMC
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