Technipfmc Plc · NYSE:FTI

Technipfmc — Q4 2021 Earnings Presentation

21 slides from Technipfmc's earnings presentation, Feb 24, 2022

  1. Slide 1: Q4 2021 Earnings Call Presentation

    Q4 2021 Earnings Call Presentation February 24, 2022

  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. Forward-looking statement usually relate

  3. Slide 3: Q4 2021 Overview

    Q4 2021 Overview Financial Results and Operational Highlights Doug Pferdehirt, Chair and Chief Executive Officer Alf Melin, EVP and Chief Financial Officer

  4. Slide 4: 2021 – A breakout year for TechnipFMC

    2021 – A breakout year for TechnipFMC  Total orders increased 33% year-over-year, with Subsea growing to $5 billion Entered  Subsea inbound coming earlier in cycle, more in parallel with U.S. land markets multi-year upcycle  Positioned for the energy transition, with inbound orders of $1 billion

  5. Slide 5: Q4 2021 Operational summary

    Q4 2021 Operational summary Highlights  Total Company orders of $2.1 billion; sequential backlog growth of 9% to $7.7 billion  Subsea orders of $1 billion, driven by continued strength in South America  Strength in Middle East driving expansion of manufacturing capabilities (Saudi Arabia, UAE) 

  6. Slide 6: Q4 2021 Financial results

    Q4 2021 Financial results Highlights $2.1B  Cash flow from operations of $484 million, free cash flow of $423 million Inbound orders  Total Company adjusted EBITDA of $130 million from continuing operations $7.7B Backlog  Subsea sequential results reflected normal seasonality  Surface Technologi

  7. Slide 7: Cash flow and net debt

    Q4 2021 Cash flow and net debt Free cash flow Debt $423M reduction $251M 116 Net Debt (61) (251) (In millions, unaudited) 5 484 December 31, 2021 Cash and cash equivalents $ 1,327.4 (in $ millions) Short-term debt and current portion 1,327 of long-term debt (277.6) Long-term debt, less current porti

  8. Slide 8: 2022 Full-year financial guidance

    2022 Full-year financial guidance1 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

  9. Slide 9: Backlog scheduling provides visibility

    Backlog scheduling provides visibility Subsea1 Surface Technologies as of December 31, 2021 as of December 31, 2021 2024+ $0.9B 2022 $377M $6.5 2022 $1.1 billion $3.4B billion 2023 2023+ $2.2B $748M 1 Backlog does not capture all revenue potential for subsea services Q4 2021 Earnings Call Presentati

  10. Slide 10: Subsea opportunities in the next 24 months

    Subsea opportunities in the next 24 months1 Added Removed EQUINOR CHEVRON Halten East Jansz-Io PETRONAS CNOOC Bestari Lingshui PETROBRAS TOTAL Sapinhoa North Platte PETRORIO PETROBRAS Wahoo Buzios 6 TPAO PETROBRAS Sakarya 2 Buzios 7 ENI PETROBRAS Agogo Tupi PETROBRAS Buzios 10 Q4 2021 Earnings Call

  11. Slide 11: Appendix

    Appendix Q4 2021 Earnings Call Presentation | 11

  12. Slide 12: 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 Tonnes per Annum

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  21. Slide 21: TechnipFMC

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