Slide 1: Q3 2024 Earnings Presentation
Q3 2024 Earnings Presentation October 24, 2024
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: Q3 2024 Operational summary
Q3 2024 Operational summary Highlights Subsea inbound of $2.5 billion – a book-to-bill of 1.2 – supported by unique iEPCI™ offering, technology leadership, and extensive Subsea Services capabilities Total Company backlog increased to $14.7 billion; highest level achieved since formation of Techn
Slide 5: Q3 2024 Financial results
Q3 2024 Financial results Sequential highlights Total Company adjusted EBITDA of $389 million, excluding the impact of foreign exchange: $2.8B Inbound orders Subsea increased due to improved earnings mix from backlog and strong project execution in the quarter Surface Technologies improved due
Slide 6: Subsea opportunities in the next 24 months
Subsea opportunities in the next 24 months1 dded Removed hange in cope alue ctober update pro ect value ranges reflect potential subsea scope Q3 2024 Earnings Call Presentation | 6
Slide 7: 2024 Full-year financial guidance
2024 Full-year financial guidance1 As of October 24, 2024 2 Subsea Surface Technologies Revenue in a range of $7.6 – 7.8 billion Revenue in a range of $1.2 – 1.35 billion Adjusted EBITDA margin in a range of 16.5 – 17% Adjusted EBITDA margin in a range of 13 – 15% TechnipFMC Corporate expe
Slide 8: Q3 2024 Cash flow and net debt
Q3 2024 Cash flow and net debt Free cash flow (in $ millions) $225M (53) Net Debt (In millions, unaudited) (101) 278 6 September 30, 2024 Cash and cash equivalents $ 837 837 Short-term debt and current portion of long-term debt (310) 708 Long-term debt, less current portion (656) Net debt $ (129) Ca
Slide 9: Backlog scheduling provides visibility
Backlog scheduling provides visibility Subsea1 Surface Technologies as of September 30, 2024 as of September 30, 2024 2024 $1.5B 2024 $230M 2026+ $13.7 $1.0 $6.7B billion 2025 billion $5.5B 2025+ $737M 1 Backlog does not capture all revenue potential for Subsea Services Q3 2024 Earnings Call Present
Slide 10: Appendix
Appendix Q3 2024 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 Tonnes per Annum
Slide 12: Non-GAAP financial measures definitions
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 third quarter 2024 Ear
Slide 13: Adjusted EBITDA reconciliation
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 7 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2024 June 30, 2024 2023 2024 2023 Net income attributable to TechnipFMC p
Slide 14: Segment reconciliation, three months ended September 30, 2024
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 15: Segment reconciliation, 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 Surface Corporate Foreign Subsea Technologies Expense Exchange, net Total Revenue $ 2,009.1 $ 316.5 $ — $ — $ 2,325.6 Operating profi
Slide 16: Segment reconciliation, three months ended September 30, 2023
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 8 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Three Months Ended September 30, 2023 Surface Corporate Foreign Subsea Technologies Expense Exchange, net Total Revenue $ 1,708.3 $ 348.6 $ — $ — $ 2,056.9 Operating
Slide 17: Net debt reconciliation
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 10 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) September 30, 2024 June 30, 2024 September 30, 2023 Cash and cash equivalents $ 837.5 $ 708.2 $ 690.9 Short-term debt and current portion of long-term debt (310.4) (
Slide 18: 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 September 30, Nine Months Ended September 30, 2024 2024 2023 Cash provided (required) by operating activities $ 277.9 $ 382.1 $ (8.1) Capital expe
Slide 19: TechnipFMC
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