Technipfmc Plc · NYSE:FTI

Technipfmc — Q1 2021 Earnings Presentation

18 slides from Technipfmc's earnings presentation, Apr 28, 2021

  1. Slide 1: Q1 2021 Earnings Call Presentation

    Q1 2021 Earnings Call Presentation April 28, 2021

  2. 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. Words such as “guidance,” “confident,” “

  3. Slide 3: Q1 2021 Overview

    Q1 2021 Overview Financial Results and Operational Highlights Doug Pferdehirt, Chairman and Chief Executive Officer Alf Melin, EVP and Chief Financial Officer

  4. Slide 4: Operational summary

    Q1 2021 Operational summary Highlights  Solid operating results reflect strength in both Subsea and Surface Technologies  Subsea inbound more than doubled sequentially to $1.5B, bolstered by iEPCI™ + Subsea 2.0™  Surface Technologies revenue ~70% international; U.S. higher with further iComplete™

  5. Slide 5: Financial results

    Q1 2021 Financial results Highlights  Adjusted EBITDA from continuing operations of $165 million reflects solid $165M Adjusted EBITDA operational performance  Cash flow from operating activities from continuing operations of $182 million, $137M Free cash flow free cash flow of $137 million  Cash

  6. Slide 6: Cash flow and net debt

    Q1 2021 Cash flow and net debt (in $ millions) Free cash flow: $137M (44) 182 Net Debt (In millions, unaudited) March 31, (636) 2021 Cash and cash equivalents $ 752.8 Short-term debt and current portion of long- (96.8) 1,269 term debt (17) Long-term debt, less current portion (2,434.3) Net debt $ (1

  7. Slide 7: 2021 Full-year financial guidance

    2021 Full-year financial guidance1 *Updated April 27, 2021 Subsea Surface Technologies  Revenue in a range of $5.0 – 5.4 billion  Revenue in a range of $1,050 – 1,250 million  EBITDA margin in a range of 10 – 11%  EBITDA margin in a range of 8 – 11% (excluding charges and credits) (excluding cha

  8. Slide 8: Backlog visibility

    Backlog visibility Subsea backlog scheduling1 Surface backlog scheduling as of March 31, 2021 as of March 31, 2021 2023+ 2022+ $1.4B $90M 2021 $6.9 $3.0B $364 billion million 2022 2021 $2.5B $275M 1 Backlog does not capture all revenue potential for subsea services Q1 2021 Earnings Call Presentation

  9. Slide 9: Subsea opportunities in the next 24 months

    Subsea opportunities in the next 24 months 1 PROJECT UPDATES Added TOTAL Block 58 ENI Cuica 15-06 EQUINOR Wisting PETROBRAS Tupi Removed CONOCOPHILLIPS Tommeliten* TOTAL A6 SANTOS Barossa Q1 2021 Earnings Call Presentation | 9

  10. Slide 10: Appendix

    Appendix Q1 2021 Earnings Call Presentation | 10

  11. Slide 11: Glossary

    Glossary Term Definition Term Definition Bcm Billion Cubic Meters per Annum iEPCI™ Integrated Engineering, Procurement, Construction and Installation CAGR Compound Annual Growth Rate iFEED™ Integrated Front End Engineering and Design E&C Engineering and Construction iLOF™ Integrated Life of Field ES

  12. Slide 12: Q1 2021 Earnings Call Presentation | 12

    Q1 2021 Earnings Call Presentation | 12

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    Q1 2021 Earnings Call Presentation | 13

  14. Slide 14: Q1 2021 Earnings Call Presentation | 14

    Q1 2021 Earnings Call Presentation | 14

  15. Slide 15: Q1 2021 Earnings Call Presentation | 15

    Q1 2021 Earnings Call Presentation | 15

  16. Slide 16: Q1 2021 Earnings Call Presentation | 16

    Q1 2021 Earnings Call Presentation | 16

  17. Slide 17: Q1 2021 Earnings Call Presentation | 17

    Q1 2021 Earnings Call Presentation | 17

  18. Slide 18: TechnipFMC

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