Technipfmc Plc · NYSE:FTI
Technipfmc — Investor Presentation (October 2021)
38 slides from Technipfmc's investor presentation, October 2021
Slide 1: Investor Relations Overview
Investor Relations Overview October 2021
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
Slide 3: Contents
Contents 1 Q3 2021 Operational and financial highlights 2 Company overview Investor Relations Overview | 3
Slide 4: Section 1: Q3 2021 Operational and financial highlights
Section 1: Q3 2021 Operational and financial highlights Investor Relations Overview | 4
Slide 5: Q3 2021 Operational summary
Q3 2021 Operational summary Highlights Results reflect continuation of strong operational performance delivered over first half of year Subsea inbound orders of $1.1 billion; remain on track to achieve solid double-digit growth YoY Awarded 3 vessel charters in Brazil; well-positioned for regio
Slide 6: Q3 2021 Financial results
Q3 2021 Financial results Highlights $1.4B Inbound orders Adjusted EBITDA from continuing operations of $141 million $7.0B Free cash flow from continuing operations of $89 million Backlog Confident in achieving full year 2021 financial guidance $141M Adjusted EBITDA Net debt improved to $1.2
Slide 7: Q3 2021 Cash flow and net debt
Q3 2021 Cash flow and net debt (in $ millions) Free cash flow: $89M Net Debt (236) (In millions, unaudited) 326 September 30, 2021 (47) Cash and cash equivalents $ 1,034.0 136 Short-term debt and current portion of long- (282.2) term debt 1,034 Long-term debt, less current portion (1,973.6) 855 Net
Slide 8: 2021 Full-year financial guidance
2021 Full-year financial guidance1 (As of July 21, 2021) Subsea Surface Technologies Revenue in a range of $5.2 – 5.5 billion Revenue in a range of $1,050 – 1,250 million EBITDA margin in a range of 10 – 11% EBITDA margin in a range of 10 – 12% (excluding charges and credits) (excluding char
Slide 9: Backlog visibility
Backlog visibility Subsea backlog scheduling1 Surface Technologies backlog scheduling as of September 30, 2021 as of September 30, 2021 2021 $0.9B 2023+ $2.5B $6.7 $341 billion million 2022 $3.2B 2021 2021 & 2022 & 2022 $341M $360M 1 Backlog does not capture all revenue potential for subsea services
Slide 10: Subsea opportunities in the next 24 months
Subsea opportunities in the next 24 months1 PROJECT UPDATES Added ONGC KG-DWN-98/2 Cluster 3 EXXONMOBIL Uaru Removed Not applicable Investor Relations Overview | 10
Slide 11: Section 2: Company overview
Section 2: Company overview Investor Relations Overview | 11
Slide 12: TechnipFMC snapshot
TechnipFMC snapshot #1 2 41 Integrated solutions Stock exchange listings: Countries with current provider for the oil and gas NYSE and Euronext Paris operations industry >90% $6.5bn $7.0bn Total company Total company Total company international revenue revenue2 backlog3 (Non-NAM land)1,2 Note: finan
Slide 13: ESG and TechnipFMC
ESG and TechnipFMC Our corporate strategy and foundational beliefs drive our approach to ESG practices TechnipFMC Corporate Strategy Technology Integration Collaboration Alliances Execution Environmental Social Governance • Our carbon footprint • Awareness and culture • Leadership in HSE • Our clien
Slide 14: 2018-2020 accomplishments
2018-2020 accomplishments Environmental Social Governance Goal: Reduce our own carbon footprint Goal: Promote gender diversity and equality Goal: Drive HSE to ensure a safe workplace Percent of succession plans 27% 100% Total Recordable Incident including w om en 0.28 0.26 39% Rate (TRIR) Reduction
Slide 15: Our environmental focus on carbon reduction
Our environmental focus on carbon reduction Targeting 50% reduction in Scope 1 and 2 emissions by 20301 Wind Hydro Hybrid / Biofuels Utilization of renewable resources for internal energy consumption 1. Versus 2017 baseline Investor Relations Overview | 15
Slide 16: Technology leadership
Technology leadership Integration technologies Digital and automation Robotics NextGen Precision Subsea 2.0™ subsea controls robotics for ROV Surface production Subsea iProduction™ automation mechatronics Using differentiated technologies to Applying Subsea digital and Utilizing mechatronics to tran
Slide 17: Overview of TechnipFMC segments
Overview of TechnipFMC segments Subsea Surface Technologies Financial contribution Subsea products ‣ Drilling, completion and production wellhead Revenue1 ‣ Trees, manifolds, control, templates, flowline equipment, chokes, compact valves, manifolds and Surface controls 16% systems, umbilicals and fl
Slide 18: Subsea competitive strengths
Subsea competitive strengths Market leading positions built Differentiated offering of Technology advancements to upon innovation and deep integrated products, services: drive greater efficiency and industry knowledge iFEED™, iEPCI™ and iLoF™ simplification Subsea Production FEED Studies Flexibles U
Slide 19: SPS / SURF – critical components of offshore development
SPS / SURF – critical components of offshore development OilStrong history of & gas industry has strong history SPS / SURF is one of the largest subseatree of subsea treeorders orders components of project costs Subsea tree orders by region 2006-2020 (trees) 600 Drilling / Well SPS / SURF 551 Constr
Slide 20: Improving project economics for deepwater projects
Improving project economics for deepwater projects More than 400 deepwater discoveries 500 have yet to be developed 410 Projects 400 Good progress on deepwater cost reductions with potential for additional 300 savings +40% to 60% 200 Standardization, technology and strong project execution can
Slide 21: Subsea offers a full suite of capabilities
Subsea offers a full suite of capabilities Conceptual Design Life-of-Field Project Execution & FEED1 and Maintenance Engineering Procurement Equipment Construction Installation supply Maximized Unique asset Rationalized subsea reliability and architecture Joint SPS+SURF R&D Shortened time to first a
Slide 22: Integrated approach redefining subsea project economics
Integrated approach redefining subsea project economics Traditional approach Enhancements Key benefits One global contractor Reduced material costs Integrated procurement Simplified equipment set-up Optimized subsea architecture Fewer subsea production Optimized flow assurance system i
Slide 23: Making subsea short-cycle with Subsea 2.0 + iEPCI
Making subsea short-cycle with Subsea 2.0™ + iEPCI™ Subsea 6 month Break-even Shell Kaikias iEPCI™ schedule price 2.0™ reduction <$30/bbl TechnipFMC is changing the subsea paradigm from a long-cycle to a short-cycle business, using Subsea 2.0™ and a truly integrated approach (iEPCI™) to field develo
Slide 24: Unique drivers of Subsea revenue growth
Unique drivers of Subsea revenue growth Subsea Services Alliance partners • Diversified revenue base of approximately $1 billion • Long-term, mutually beneficial relationships • Resilient, margin-accretive aftermarket services • iEPCI™ alliances utilize full integrated offering • Service potential o
Slide 25: All-electric subsea production systems
All-electric subsea production systems Reducing infrastructure to create low carbon opportunities • Infrastructure and installation time reduced with removal of hydraulic lines, simplified umbilicals and lighter assets • Enables full field electrification of subsea production system, allowing for us
Slide 26: Deep Purple – Redefining subsea energy
Deep Purple™ – Redefining subsea energy Integrating renewables and hydrogen storage to deliver new energy resources • Collaboration with clients and partners to make renewables more commercially viable offshore • Utilize hydrogen fuel cells to store excess power Novel wind generated from wind and wa
Slide 27: Surface Technologies competitive strengths
Surface Technologies competitive strengths Leading market positions in Delivering technology that Integrated offering delivers up several niche product offerings extends asset life, improves to $1m in savings per well, returns creates unique growth platform Wellhead Flowline Stimulation, Flowback an
Slide 28: iProduction
iProduction™ Separation system Replicating the Subsea playbook to transform onshore production • Proprietary technology and integrated ecosystem streamlines operations; reduces footprint, GHG emissions, capital costs, time to first oil • • Integrated offering operates under a single digital interfac
Slide 29: Appendix
Appendix Investor Relations Overview | 29
Slide 30: Glossary
Glossary Term Definition Term Definition Bcm Billion Cubic Meters per Annum iEPCI™ Integrated Engineering, Procurement, Construction and Installation CAGR Compound Annual Growth Rate iFEED™ Integrated Front End Engineering and Design CCS Carbon Capture and Storage iLOF™ Integrated Life of Field E&C
Slide 31: Q3 2021 Supporting financial data
Q3 2021 Supporting financial data Investor Relations Overview | 31
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Slide 38: Investor Relations contacts
Investor Relations contacts Matthew Seinsheimer Vice President, Investor Relations Tel.: +1 281 260 3665 Email: InvestorRelations@TechnipFMC.com James Davis Senior Manager, Investor Relations Tel.: +1 281 260 3665 Email: InvestorRelations@TechnipFMC.com TechnipFMC.com