Slide 1: Q1 2026 Earnings Presentation
Q1 2026 Earnings Presentation April 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, transmitt
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: Q1 2026 Highlights
Q1 2026 Highlights • Total Company inbound of $2.2 billion; Subsea orders of $1.9 billion • Strengthening trend in order activity reinforces confidence in Subsea inbound of $10 billion in 2026 • Subsea Opportunities List increased to ~$30 billion; growth of >30% over last 2 years (midpoint of projec
Slide 5: Q1 2026 Segment results
Q1 2026 Segment results Subsea In $ millions 1Q26 4Q25 1Q25 QoQ YoY • Revenue increased 1% sequentially, benefitting from higher Revenue 2,208 2,194 1,936 1% 14% iEPCI® project activity, particularly in Brazil. Project revenue Adjusted EBITDA 441 416 335 6% 32% grew sequentially in Latin America, Af
Slide 6: 2026 Full-year financial guidance
1 2026 Full-year financial guidance 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 Vår Energi Equinor Cenovus Gjøa Nord/Ofelia Ringvei Vest North White Rose Ext. Adura Ithaca Energy LLOG Puffin Cambo Who Dat Ithaca Equinor bp Tornado Heidrun Extension Kaskida – West Bump Eni Cair
Slide 8: Q1 2026 Updates – Subsea opportunities
Q1 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* bp Petrobras $30.0 $30 $29.0 Karabagh Sepia 2 $27.8 $26.5 $26.9 $25.
Slide 9: Q1 2026 Cash flow and net cash
Q1 2026 Cash flow and net cash Free cash flow $277M (in $ millions) (56) Net Cash (In millions, unaudited) 332 (285) March 31, 2026 Cash and cash equivalents $ 961 (63) Short-term debt and current portion of long-term debt (36) Long-term debt, less current portion (384) 1,032 961 Net cash $ 540 Cash
Slide 10: Backlog scheduling provides visibility
Backlog scheduling provides visibility Subsea1 Surface Technologies as of March 31, 2026 as of March 31, 2026 2026 2028+ $5.2B $5.9B 2026 $15.8 2027+ $668 $315M billion $353M million 2027 $4.7B 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: 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 first quarter 2026 Ear
Slide 14: Net income to Adjusted EBITDA reconciliation
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 7 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Three Months Ended March 31, December 31, March 31, 2026 2025 2025 Net income attributable to TechnipFMC plc $ 260.5 $ 242.7 $ 142.0 Income (loss) attributable to non
Slide 15: Three Months Ended March 31, 2026
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 16: Three Months Ended December 31, 2025
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 8 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Three Months Ended December 31, 2025 Foreign Surface Corporate Exchange, Subsea Technologies Expense net Total Revenue $ 2,194.2 $ 322.8 $ — $ — $ 2,517.0 Operating p
Slide 17: 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 Foreign Surface Corporate Exchange, Subsea Technologies Expense net Total Revenue $ 1,936.2 $ 297.4 $ — $ — $ 2,233.6 Operating prof
Slide 18: Net cash reconciliation
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 9 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) March 31, 2026 December 31, 2025 March 31, 2025 Cash and cash equivalents $ 960.8 $ 1,031.9 $ 1,186.8 Short-term debt and current portion of long-term debt (36.4) (34
Slide 19: Free cash flow reconciliation
TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES Exhibit 10 RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (In millions, unaudited) Three Months Ended March 31, 2026 2025 Cash provided by operating activities $ 332.5 $ 441.7 Capital expenditures (55.6) (61.8) Free cash flow $ 276.9 $ 379.9 Free c
Slide 20: TechnipFMC
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