Technipfmc Plc · NYSE:FTI
Technipfmc — Q2 2026 Earnings Presentation
20 slides from Technipfmc's earnings presentation, Jul 30, 2026
Slide 1: Q2 2026 Earnings Presentation
Q2 2026 Earnings Presentation July 30, 2026 © 2025 TechnipFMC. All rights reserved. The information contained in this document is company confidential and proprietary property of TechnipFMC and its affiliates. It is to be used only for the benefit of TechnipFMC and may not be distributed, transmitte
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 2026 Highlights
Q2 2026 Highlights • Total Company inbound of $2.7 billion; Subsea orders of $2.5 billion • Strengthening trend in order activity reinforces confidence in Subsea inbound of $10 billion in 2026 • Subsea Opportunities List now exceeds $30 billion; 8th consecutive quarter of growth (project value midpo
Slide 5: Q2 2026 Segment results
Q2 2026 Segment results Subsea Three Months Ended Change • Revenue increased 13% sequentially driven by increased In $ millions 2Q26 1Q26 2Q25 QoQ YoY project activity, particularly iEPCI® projects in the North Sea Revenue 2,487 2,208 2,216 13% 12% and the Mediterranean, partially offset by lower ac
Slide 6: 2026 Full-year financial guidance
2026 Full-year financial guidance 1 As of February 19, 2026 Subsea Corporate and Other • Revenue in a range of $9.2 – 9.6 billion • Corporate expense, net $115 – 125 million (excludes charges and credits) • Adjusted EBITDA margin in a range of 21 – 22% • Net interest expense $10 – 20 million Surface
Slide 7: Subsea opportunities over next 24 months
Subsea opportunities over next 24 months* Project values $250m to $500m $500m to $1,000m Above $1,000m Equinor Equinor AkerBP Cenovus Marginal fields Ringvei Vest Symra/Solveig North White Rose Ext. Adura Ithaca Energy bp Puffin Cambo Tiber Gila/Gibson Ithaca Equinor LLOG Tornado Heidrun Extension W
Slide 8: Q2 2026 Updates – Subsea opportunities
Q2 2026 Updates – Subsea opportunities Project values $250m to $500m $500m to $1,000m Above $1,000m Projects added Projects removed Projects with revised scope Subsea opportunities in the next 24 months Combined value, in billions* $30.0 $30.5 AkerBP Shell $30 $29.0 $27.8 Symra/Solveig Leopard $26.0
Slide 9: Q2 2026 Cash flow and net cash
Q2 2026 Cash flow and net cash Free cash flow $488M (in $ millions) (60) Net Cash (In millions, unaudited) 548 (440) June 30, 2026 Cash and cash equivalents $ 992 Short-term debt and current portion (17) of long-term debt (115) Long-term debt, less current portion (287) 961 992 Net cash $ 590 Cash a
Slide 10: Backlog scheduling provides visibility
Backlog scheduling provides visibility Subsea1 Surface Technologies as of June 30, 2026 as of June 30, 2026 2026 $3.8B 2028+ 2026 $6.8B $15.8 $607 $264M 2027+ billion million $343M 2027 $5.2B 1 Backlog does not capture all revenue potential for Subsea Services 10
Slide 11: Appendix
Appendix
Slide 12: Glossary
Glossary Term Definition Term Definition CCS Carbon capture and storage iFEED® integrated Front-End Engineering and Design CTO Configure-to-Order iLOF integrated Life of Field ESG Environmental, social, and governance LNG Liquefied natural gas FID Final investment decision MMb/d Million barrels per
Slide 13: Reconciliation of GAAP to 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 2026 Ea
Slide 14: Reconciliation of GAAP to Non-GAAP Financial Measures
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 7 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Three Months Ended Six Months Ended June 30, 2026 March 31, 2026 June 30, 2025 June 30, 2026 June 30, 2025 Net income attributable to TechnipFMC plc $ 362.7 $ 260.5 $
Slide 15: Reconciliation of GAAP to Non-GAAP Financial Measures
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 8 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Three Months Ended June 30, 2026 Foreign Surface Corporate Exchange, Subsea Technologies Expense net Total Revenue $ 2,486.9 $ 276.2 $ — $ — $ 2,763.1 Operating profi
Slide 16: Reconciliation of GAAP to Non-GAAP Financial Measures
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 8 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Three Months Ended March 31, 2026 Foreign Surface Corporate Exchange, Subsea Technologies Expense net Total Revenue $ 2,208.4 $ 284.3 $ — $ — $ 2,492.7 Operating prof
Slide 17: Reconciliation of GAAP to Non-GAAP Financial Measures
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 8 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Three Months Ended June 30, 2025 Foreign Surface Corporate Exchange, Subsea Technologies Expense net Total Revenue $ 2,216.3 $ 318.4 $ — $ — $ 2,534.7 Operating profi
Slide 18: Net cash reconciliation
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 10 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) June 30, 2026 March 31, 2026 June 30, 2025 Cash and cash equivalents $ 991.8 $ 960.8 $ 950.0 Short-term debt and current portion of long-term debt (115.3) (36.4) (27
Slide 19: Free cash flow reconciliation
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, 2026 2026 2025 Cash provided by operating activities $ 548.0 $ 880.5 $ 785.9 Capital expenditures (60.1) (115.7
Slide 20: TechnipFMC
» TechnipFMC