Slide 1: Q2 2025 Earnings Presentation
Q2 2025 Earnings Presentation July 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: Q2 2025 Operational summary
Q2 2025 Operational summary Highlights Total Company inbound of $2.8 billion; Subsea orders of $2.6 billion (book-to-bill of 1.2x) Continued strength in Subsea inbound highlights importance of customer relationships and technology leadership; iEPCI , Subsea Services, and direct awards together a
Slide 5: Q2 2025 Financial results
Q2 2025 Financial results Sequential highlights $2.8B Total Company revenue increased 13% to $2.5 billion, with growth in both segments Inbound orders Total Company adjusted EBITDA of $509 million, excluding the impact of foreign exchange $16.6B Cash flow from operations of $344 million; free
Slide 6: Subsea opportunities in the next 24 months
Subsea opportunities in the next 24 months1 $250M to $500M PROJECT UPDATES $500M to $1,000M BP VAR ENERGI EQUINOR above $1,000M Tiber Gjøa Nord/Cerisa/Ofelia Grosbeak BP SHELL EQUINOR ENI Guadalupe Puffin Heidrun Extension Northern Hub BP ENI Kaskida – West Bump CHEVRON Gendalo/Gandang SHELL Aphrodi
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: Q2 2025 Cash flow and net cash
Q2 2025 Cash flow and net cash Free cash flow $261M (in $ millions) (84) Net Cash (In millions, unaudited) 344 (271) June 30, 2025 Cash and cash equivalents $ 950 (230) Short-term debt and current portion 4 of long-term debt (271) Long-term debt, less current portion (425) 1,187 Net cash $ 254 950 C
Slide 9: Backlog scheduling provides visibility
Backlog scheduling provides visibility Subsea1 Surface Technologies as of June 30, 2025 as of June 30, 2025 2025 $3.5B 2025 $310M 2027+ $7.5B $15.8 $836 billion 2026+ million $526M 2026 $4.8B 1 Backlog does not capture all revenue potential for Subsea Services Q2 2025 Earnings Call Presentation | 9
Slide 10: Appendix
Appendix Q2 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
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 second quarter 2025 Ea
Slide 13: Net income attributable to TechnipFMC plc
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 7 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Three Months Ended Six Months Ended March 31, June 30, 2025 2025 June 30, 2024 June 30, 2025 June 30, 2024 Net income attributable to TechnipFMC plc $ 269.5 $ 142.0 $
Slide 14: Three Months Ended June 30, 2025
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 8 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Three Months Ended June 30, 2025 Surface Corporate Foreign Subsea Technologies Expense Exchange, net Total Revenue $ 2,216.3 $ 318.4 $ — $ — $ 2,534.7 Operating profi
Slide 15: 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 16: Three Months Ended June 30, 2024
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 8 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Three Months Ended June 30, 2024 Foreign Surface Corporate Exchange, Subsea Technologies Expense net Total Revenue $ 2,009.1 $ 316.5 $ — $ — $ 2,325.6 Operating profi
Slide 17: Cash and cash equivalents
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 10 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) June 30, 2025 March 31, 2025 June 30, 2024 Cash and cash equivalents $ 950.0 $ 1,186.8 $ 708.2 Short-term debt and current portion of long-term debt (271.2) (494.1)
Slide 18: Cash provided by operating activities
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 11 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025 2025 2024 Cash provided by operating activities $ 344.2 $ 785.9 $ 104.2 Capital expenditures (83.6) (145.4
Slide 19: Q2 2025 Earnings Call Presentation
Q2 2025 Earnings Call Presentation | 19