Technipfmc Plc · NYSE:FTI

Technipfmc — Q1 2022 Earnings Presentation

18 slides from Technipfmc's earnings presentation, Apr 28, 2022

  1. Slide 1: Q1 2022 Earnings Call Presentation

    Q1 2022 Earnings Call Presentation April 28, 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: Q1 2022 Overview

    Q1 2022 Overview Operational Highlights and Financial Results Doug Pferdehirt, Chair and Chief Executive Officer Alf Melin, EVP and Chief Financial Officer

  4. Slide 4: Operational summary

    Q1 2022 Operational summary Highlights  Total Company inbound orders of $2.2 billion; sequential backlog growth to $8.9 billion  Subsea orders of $1.9 billion reflect breadth of operators, project scope and regional diversification  Subsea experiencing improvements in pricing and contractual arra

  5. Slide 5: Financial results

    Q1 2022 Financial results Sequential highlights  Total Company adjusted EBITDA of $154 million from continuing operations $2.2B Inbound orders  Subsea results largely unchanged due to seasonal impact of weather  Surface Technologies results negatively impacted by transition to a new international

  6. Slide 6: Cash flow and net debt

    Q1 2022 Cash flow and net debt Free cash flow (in $ millions) $(357)M Net Debt (In millions, unaudited) (6) (329) March 31, 2022 239 Cash and cash equivalents $ 1,203.0 1,327 Short-term debt and current portion (27) of long-term debt (281.8) 1,203 Long-term debt, less current portion (1,723.3) Net d

  7. Slide 7: 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

  8. Slide 8: Backlog scheduling provides visibility

    Backlog scheduling provides visibility Subsea1 Surface Technologies as of March 31, 2022 as of March 31, 2022 2024+ 2022 $1.9B $292M 2022 $2.9B $7.7 $1.2 billion billion 2023+ 2023 $861M $2.9B 1 Backlog does not capture all revenue potential for subsea services Q1 2022 Earnings Call Presentation | 8

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

    Subsea opportunities in the next 24 months1 Q1 2022 Earnings Call Presentation | 9

  10. Slide 10: Appendix

    Appendix Q1 2022 Earnings Call Presentation | 10

  11. 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 Tonnes per Annum

  12. Slide 12: Q1 2022 Earnings Call Presentation | 12

    Q1 2022 Earnings Call Presentation | 12

  13. Slide 13: Q1 2022 Earnings Call Presentation | 13

    Q1 2022 Earnings Call Presentation | 13

  14. Slide 14: Q1 2022 Earnings Call Presentation | 14

    Q1 2022 Earnings Call Presentation | 14

  15. Slide 15: Q1 2022 Earnings Call Presentation | 15

    Q1 2022 Earnings Call Presentation | 15

  16. Slide 16: Q1 2022 Earnings Call Presentation | 16

    Q1 2022 Earnings Call Presentation | 16

  17. Slide 17: Q1 2022 Earnings Call Presentation | 17

    Q1 2022 Earnings Call Presentation | 17

  18. Slide 18: TechnipFMC

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