Slide 1: Q4 2024 Earnings Presentation
Q4 2024 Earnings Presentation February 27, 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: 2024 – Another year of tremendous success
2024 – Another year of tremendous success Total Company inbound increased 5% to $11.6 billion, driving growth in backlog to $14.4 billion Order momentum Subsea orders increased 7% to $10.4 billion; fourth consecutive year of book-to-bill above 1x (versus 2023) Value of iEPCI™ orders grew nearl
Slide 5: Q4 2024 Operational summary
Q4 2024 Operational summary Highlights Total Company inbound of $2.9 billion; Subsea orders of $2.7 billion, representing a book-to-bill of 1.3x Subsea orders included an iEPCI™ award for TotalEnergies’ GranMorgu project – the first oil and gas development offshore Suriname Surface Technologie
Slide 6: Q4 2024 Financial results
Q4 2024 Financial results Sequential highlights Total Company revenue increased 1% to $2.4 billion, driven by higher activity in Subsea $2.9B Inbound orders Total Company adjusted EBITDA of $354 million, excluding the impact of foreign exchange: Subsea declined due to mix of projects executed
Slide 7: Subsea opportunities in the next 24 months
Subsea opportunities in the next 24 months1 dded Removed Q4 2024 Earnings Call Presentation | 7
Slide 8: 2025 Full-year financial guidance
2025 Full-year financial guidance1 As of February 27, 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
Slide 9: Q4 2024 Cash flow and net cash
Q4 2024 Cash flow and net cash Free cash flow $453M (in $ millions) (126) Net Cash (91) (In millions, unaudited) (41) 579 December 31, 2024 Cash and cash equivalents $ 1,158 1,158 Short-term debt and current portion of long-term debt (278) Long-term debt, less current portion (607) 838 Net cash $ 27
Slide 10: Backlog scheduling provides visibility
Backlog scheduling provides visibility Subsea1 Surface Technologies as of December 31, 2024 as of December 31, 2024 2027+ $4.5B 2026+ 2025 $334M $5.5B $13.5 $858 billion million 2025 $524M 2026 $3.5B 1 Backlog does not capture all revenue potential for Subsea Services Q4 2024 Earnings Call Presentat
Slide 11: Appendix
Appendix Q4 2024 Earnings Call Presentation | 11
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
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 fourth quarter 2024 Ea
Slide 14: Adjusted EBITDA reconciliation
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 7 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Three Months Ended Year Ended December 31, September 30, December 31, December 31, December 31, 2024 2024 2023 2024 2023 Net income attributable to TechnipFMC plc $ 2
Slide 15: Three months ended December 31, 2024 reconciliation
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 8 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Three Months Ended December 31, 2024 Surface Corporate Foreign Subsea Technologies Expense Exchange, net Total Revenue $ 2,047.9 $ 319.4 $ — $ — $ 2,367.3 Operating p
Slide 16: Three months ended September 30, 2024 reconciliation
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 8 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Three Months Ended September 30, 2024 Surface Corporate Foreign Subsea Technologies Expense Exchange, net Total Revenue $ 2,028.1 $ 320.3 $ — $ — $ 2,348.4 Operating
Slide 17: Three months ended December 31, 2023 reconciliation
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 8 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Three Months Ended December 31, 2023 Surface Corporate Foreign Subsea Technologies Expense Exchange, net Total Revenue $ 1,720.5 $ 357.2 $ — $ — $ 2,077.7 Operating p
Slide 18: Year ended December 31, 2024 reconciliation
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 9 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Year Ended December 31, 2024 Surface Corporate Foreign Subsea Technologies Expense Exchange, net Total Revenue $ 7,819.9 $ 1,263.4 $ — $ — $ 9,083.3 Operating profit
Slide 19: Year ended December 31, 2023 reconciliation
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 9 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Year Ended December 31, 2023 Surface Corporate Foreign Subsea Technologies Expense Exchange, net Total Revenue $ 6,434.8 $ 1,389.4 $ — $ — $ 7,824.2 Operating profit
Slide 20: Net cash (debt) reconciliation
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 10 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) December 31, September 30, December 31, 2024 2024 2023 Cash and cash equivalents $ 1,157.7 $ 837.5 $ 951.7 Short-term debt and current portion of long-term debt (277
Slide 21: 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 Year Ended December 31, December 31, 2024 2024 2023 Cash provided by operating activities $ 578.9 $ 961.0 $ 693.0 Capital expenditures (126.2) (28
Slide 22: Q4 2024 Earnings Call Presentation | 22
Q4 2024 Earnings Call Presentation | 22