Slide 1: Q1 2025 Earnings Presentation
Q1 2025 Earnings Presentation April 24, 2025
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 statements usually relat
Slide 3: Operational highlights and financial results
Operational highlights and financial results
Slide 4: Q1 2025 Operational summary
Q1 2025 Operational summary Highlights Total Company inbound of $3.1 billion; Subsea orders of $2.8 billion supported by robust inbound for both iEPCI and Subsea 2.0®, representing a book-to-bill of 1.4x Total Company backlog increased sequentially to $15.8 billion; Subsea backlog grew to $14.9
Slide 5: Q1 2025 Financial results
Q1 2025 Financial results Sequential highlights Total Company revenue of $2.2 billion; sequential decline primarily due to offshore seasonality $3.1B Inbound orders Total Company adjusted EBITDA of $356 million, excluding the impact of foreign exchange Cash flow from operations of $442 million
Slide 6: Subsea opportunities in the next 24 months
Subsea opportunities in the next 24 months1 Q1 2025 Earnings Call Presentation | 6
Slide 7: 2025 Full-year financial guidance
2025 Full-year financial guidance1 As of April 24, 2025 Subsea Surface Technologies Revenue in a range of $8.4 – 8.8 billion Revenue in a range of $1.2 – 1.35 billion Adjusted EBITDA margin in a range of 19 – 20% Adjusted EBITDA margin in a range of 15 – 16% TechnipFMC Corporate expense, n
Slide 8: Q1 2025 Cash flow and net cash
Q1 2025 Cash flow and net cash Free cash flow $380M (in $ millions) (62) Net Cash (271) (In millions, unaudited) 442 March 31, (80) 2025 Cash and cash equivalents $ 1,187 Short-term debt and current portion of long-term debt (494) Long-term debt, less current portion (411) 1,158 1,187 Net cash $ 282
Slide 9: Backlog scheduling provides visibility
Backlog scheduling provides visibility Subsea1 Surface Technologies as of March 31, 2025 as of March 31, 2025 2025 2025 2027+ $4.9B $5.8B $326M $14.9 $870 billion 2026+ million $545M 2026 $4.3B 1 Backlog does not capture all revenue potential for Subsea Services Q1 2025 Earnings Call Presentation |
Slide 10: Appendix
Appendix Q1 2025 Earnings Call Presentation | 10
Slide 11: Glossary
Glossary Term Definition Term Definition CAGR Compound Annual Growth Rate iLOF Integrated Life of Field CCS Carbon Capture and Storage LNG Liquefied Natural Gas ESG Environmental, Social and Governance MMb/d Million Barrels per Day FID Final Investment Decision Mtpa Million Metric Tons per Annum F/X
Slide 12: Non-GAAP financial measures definitions
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 6 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, except per share data, unaudited) In addition to financial results determined in accordance with U.S. generally accepted accounting principles (GAAP), the first quarter 2025 Ear
Slide 13: Adjusted EBITDA reconciliation, three months ended March 31, 2025
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 7 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Three Months Ended December 31, March 31, 2025 2024 March 31, 2024 Net income attributable to TechnipFMC plc $ 142.0 $ 224.7 $ 157.1 Income attributable to non-contro
Slide 14: Segment reconciliation, three months ended March 31, 2025
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 8 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Three Months Ended March 31, 2025 Surface Corporate Foreign Subsea Technologies Expense Exchange, net Total Revenue $ 1,936.2 $ 297.4 $ — $ — $ 2,233.6 Operating prof
Slide 15: Segment reconciliation, three months ended December 31, 2024
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 8 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Three Months Ended December 31, 2024 Foreign Surface Corporate Exchange, Subsea Technologies Expense net Total Revenue $ 2,047.9 $ 319.4 $ — $ — $ 2,367.3 Operating p
Slide 16: Segment reconciliation, three months ended March 31, 2024
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 8 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Three Months Ended March 31, 2024 Foreign Surface Corporate Exchange, Subsea Technologies Expense net Total Revenue $ 1,734.8 $ 307.2 $ — $ — $ 2,042.0 Operating prof
Slide 17: Net cash reconciliation
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 9 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) March 31, 2025 December 31, 2024 March 31, 2024 Cash and cash equivalents $ 1,186.8 $ 1,157.7 $ 696.8 Short-term debt and current portion of long-term debt (494.1) (2
Slide 18: Free cash flow reconciliation
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 10 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Three Months Ended March 31, 2025 2024 Cash provided (required) by operating activities $ 441.7 $ (126.7) Capital expenditures (61.8) (52.0) Free cash flow $ 379.9 $
Slide 19: Q1 2025 Earnings Call Presentation | 19
Q1 2025 Earnings Call Presentation | 19