Q2 2021 Earnings Call Presentation

July 22, 2021

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Forward-looking statements

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however, does not mean that the statements are not forward-looking. These forward-looking statements are based on our current expectations, beliefs, and assumptions concerning future developments and business conditions and their potential effect on us. While management believes these for ward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. All of our forward-looking statements involve risks and uncertainties (some of which are significant or beyond our control) and assumptions that could cause actual results to differ materially fr om our historical experience and our present expectations or projections, including unpredictable trends in the demand for and price of crude oil and natural gas; competition and unanticipated changes relating to competitive factors in our industry, including ongoing industry consolidation; the COVID-19 pandemic and its impact on the demand for our products and services; our inability to develop, implement and protect new technologies and services; the cumulative loss of major contracts, customers or alliances; disruptions in the political, regulatory, economic and social conditions of the countries in which we conduct business; the refusal of DTC and Euroclear to act as depository and clearing agencies for our shares; the United Kingdom's withdrawal from the European Union; the impact of our existing and future indebtedness and the restrictions on our operations by terms of the agreements governing our existing indebtedness; the risks caused by our acquisition and divestiture activities; the risks caused by fixed -price contracts; any delays and cost overruns of new capital asset construction projects for vessels and manufacturing facilities; our failure to deliver our backlog; our reliance on subcontra ctors, suppliers and our joint venture partners; a failure or breach of our IT infrastructure or that of our subcontractors, suppliers or joint venture partners, including as a result of cyber-attacks; the risks of pirates endangering our maritime employees and assets; potential liabilities inherent in the industries in which we operate or have operated; our failure to c omply with numerous laws and regulations, including those related to environmental protection, health and safety, labor and employment, import/export controls, currency exchange, bribery and corruption, taxation, privacy, data protection and data security; the additional restrictions on dividend payouts or share repurchases as an English public limit ed company; uninsured claims and litigation against us, including intellectual property litigation; tax laws, treaties and regulations and any unfavorable findings by relevant tax a uthorities; the uncertainties related to the anticipated benefits or our future liabilities in connection with the spin-off of Technip Energies (the "Spin-off"); any negative changes in Technip Energies' results of operations, cash flows and financial position, which impact the value of our remaining investment therein; potential departure of our key managers and e mployees; adverse seasonable and weather conditions and unfavorable currency exchange rate and risk in connection with our defined benefit pension plan commitments an d other risks as discussed in Part I, Item 1A, "Risk Factors" of our Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and Part II, Item 1A, "Risk Factors" of our Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2021.

We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.

Q2 2021 Earnings Call Presentation | 2

Q2 2021 Overview

Financial Results and Operational Highlights

Doug Pferdehirt, Chairman and Chief Executive Officer Alf Melin, EVP and Chief Financial Officer

Q2 2021 Operational summary

Highlights

  • Strong operational performance, with adjusted EBITDA margin of 11% for both operating segments
  • Total Company inbound orders of $1.6 billion; confident in full-year Subsea guidance of > $4 billion
  • Surface Technologies benefited from higher global completions activity, adoption of iComplete™
  • Collaboration with EDP for green hydrogen production from offshore wind - BEHYOND project

Takeaways

Two new iEPCI™ clients,

Subsea orders $2.8B YTD;

Core competencies fully

including first integrated

50% of named awards to

transferable to the

project in Brazil

be executed as iEPCI™

renewable energy space

Q2 2021 Earnings Call Presentation | 4

Q2 2021 Financial results

Highlights

  • Adjusted EBITDA from continuing operations of $144 million
  • Reiterate full-year free cash flow guidance of $120 - 220 million
  • Continued balance sheet improvement; net debt reduced to $1.6 billion
  • Updated full-year guidance reflects first half results, strong market outlook

Segment results

$1.6B

Inbound orders

$7.3B

Backlog

$144M

Adjusted EBITDA

$(126)M

Free cash flow

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TechnipFMC plc published this content on 21 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 July 2021 20:37:12 UTC.