Slide 1: Analyst Day 2017
Analyst Day 2017 Real change starts here Doug Pferdehirt, Chief Executive Officer
Slide 2: Disclaimer
Disclaimer Forward-looking statements We would like to caution you with respect to any “forward-looking statements” made in this commentary 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 amen
Slide 3: Analyst Day
ae eat ni: ve NNOVALION innovation tmMove. Mnnovations i Diversifie d aie bal eck Innovatior ‘eora Inno e ADIN, Ge Med tesla eas : ED fia rs cl st-r ‘ue Diversified tT e bites iS 2) DIfferen Unique 62 AY , Differentiated | Diversit ified ae) =a 9 echn olog\ jintee rated: EE First-mover- tod Uniq tes
Slide 4: Our values framework
Our values framework Our core values Realizing possibilities Achieving together Building trust Our foundational beliefs In everything we do, we never compromise on: Safety | Integrity | Quality | Respect | Sustainability Analyst Day 4
Slide 5: TechnipFMC – A transformational journey
TechnipFMC – A transformational journey Market acceptance Capital allocation • Acceleration of iFEED™ • $500m share repurchase • 5 iEPCI™ awards • Initiated quarterly dividend Strong execution Integration • EBITDA margin up • Talent management • Relentless focus on HSES • Delivered $200m in annualiz
Slide 6: 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 Frac, Flowback and Pumps
Slide 7: Onshore/Offshore competitive strengths
Onshore/Offshore competitive strengths A market leader, notably in the Balanced portfolio of projects, Mega-project capability, areas of gas and downstream clients, geographies, and contracts world class execution Offshore Onshore Floating Fixed Platforms FLNG LNG Ethylene Refining Petrochemicals Pl
Slide 8: Onshore/Offshore – industry leading financial performance
Onshore/Offshore – industry leading financial performance Differentiated operating model 2011-2018e Adjusted EBITDA Margin1 delivering outperformance 10% 8% • Early engagement • Project selectivity 6% • Technology and innovation 4% • Risk management • Project execution 2% 0% 2011 2012 2013 2014 2015
Slide 9: 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 10: Differentiated commercial model built upon the industry's most extensive suite
Differentiated commercial model built upon the industry’s most extensive suite of products, services, and systems Conceptual Life-of-Field Project Execution Design & FEED and Maintenance iFEED™ iLoF™ is a iEPCI™ is a differentiator is an enabler growth engine Enhanced Approach Analyst Day 10
Slide 11: iFEED™ is an enabler
iFEED™ is an enabler Customer Type Field Type NOCs Brownfield • FEED enhances competitive position Independents IOCs and reduces execution risk Greenfield • iFEED™ creates new market opportunities unique to TechnipFMC Relationship Scope (Tree Count) Geography • Independents developing smaller fields
Slide 12: iEPCI™ is a differentiator…
iEPCI™ is a differentiator… Fenja Technology Expanding the deepwater opportunity set Letter of Intent project in Longest first major Norwegian Sea application of • Significant cost savings; accelerated time to first oil iEPCI™ project (formerly Pil & Bue) ETH flowline • Growing market confidence in
Slide 13: …with accelerated iEPCI™ adoption in 2018e
…with accelerated iEPCI™ adoption in 2018e iEPCI™ could be up to 25% of subsea orders in 2018e • Growing and maturing iFEED™ pipeline iEPCI™ • Acceleration in iEPCI™ project awards • iEPCI™ to grow in both value and inbound order mix Analyst Day 13
Slide 14: iLoF™ is a growth engine
iLoF™ is a growth engine Installed asset base Subsea services revenue CAGR1 = 12+% Flexible Pipe Umbilicals 11,000 km 5,000 km 27% Subsea Controls Subsea Trees 2,200+ units 2,000+ units 2017e 2020e 1 Compound Annual Growth Rate Services = 0.8x CAPEX over Life-of-Field 2x growth in Digital Services A
Slide 15: Subsea orders driven by activity beyond competitive tenders
Subsea orders driven by activity beyond competitive tenders Subsea services • Diversified revenue base of $1B+ for 2018e • Life-of-Field capabilities provide a unique path for growth Alliance partners • Long-term, mutually beneficial relationships • Exclusive alliances result in direct awards iEPCI™
Slide 16: Subsea orders underpinned by differentiated offerings
Subsea orders underpinned by differentiated offerings 2018e Subsea inbound orders • More than half of 2018e orders from less competitive sources: services, iEPCI™/ partner activity, iEPCI™ Alliance partners 2018e Competitive tender • Strong position in a challenged, but recovering market Subsea serv
Slide 17: TechnipFMC is a technology company
TechnipFMC is a technology company Technology and innovation We now have a much broader We have a rich history of are in our DNA platform innovation Analyst Day 17
Slide 18: Thank You
» TechnipFMC Thank You
Slide 19: Appendix
Appendix 19
Slide 20: Reconciliation of GAAP to non-GAAP financial measures
Reconciliation of GAAP to non-GAAP financial measures Onshore/Offshore Segment FY 11 FY 12 FY 13 FY 14 FY 15 FY 16 in millions EUR, unaudited Actuals Actuals Actuals Actuals Actuals Actuals Revenues 3,841.0 4,156.3 5,220.1 5,844.1 6,332.7 5,761.7 Operating Income (Loss) from Recurring Activities aft