TechnipFMC : Investor Relations overview

Published: 2026-05-01 15:29:19 ET FTI

Published on 05/01/2026 at 03:29 pm EDT

Investor Relations Overview

April 2026

Contents

Operational and financial highlights

Company overview

Investor Relations Overview | 3

Section 1:

Operational and financial 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 project scope)

Total Company adjusted EBITDA of $453 million, excluding the impact of foreign exchange

Cash provided by operations of $332 million; free cash flow of $277 million

Total shareholder distributions of $285 million through dividends and share repurchases

$2.2b

Inbound orders

$16.5b

Backlog

$453m

Adjusted EBITDA

excluding F/X

$277m

Free cash flow

Q1 2026 Segment results

Subsea

In $ millions

1Q26

4Q25

1Q25

QoQ

YoY

Revenue

2,208

2,194

1,936

14%

Adjusted EBITDA

441

416

335

32%

Adjusted EBITDA margin

20.0%

18.9%

17.3%

270 bps

Inbound orders

1,904

2,340

2,786

-32%

Backlog

15,800

15,872

14,946

6%

Revenue increased 1% sequentially, benefitting from higher iEPCI® project activity, particularly in Brazil. Project revenue grew sequentially in Latin America, Africa and North America, partially offset by lower revenue in Asia Pacific and the North Sea.

Adjusted EBITDA of $441 million increased 6% sequentially due to higher project activity.

In $ millions

1Q26

4Q25

1Q25

QoQ

YoY

Revenue

284

323

297

-4%

Adjusted EBITDA

50

58

47

6%

Adjusted EBITDA margin

17.4%

18.0%

15.7%

170 bps

Inbound orders

249

248

304

-18%

Backlog

668

700

870

-23%

Revenue decreased 12% sequentially driven by the scheduled timing of project-related activity in the Middle East, with a minimal portion of the decline attributable to the regional conflict. The decline was partially offset by higher completion activity in North America.

Adjusted EBITDA of $50 million decreased 15% sequentially, largely due to lower activity in the Middle East, partially offset by higher completion activity in North America.

Subsea opportunities in the next 24 months*

*April 2026 update; project value ranges reflect potential subsea scope

Q1 2026 Updates - Subsea Opportunities

Project values

$250m to $500m

$500m to $1,000m

Above $1,000m

Projects added

Projects with revised scope

Projects removed

Ithaca Energy

Cambo

bp

Bumerangue

Eni

Gye Nyame

Petrobras

Sepia 2

bp

Karabagh

Subsea opportunities in the next 24 months

Combined value, in billions*

$25.5

$26.0

$26.5

$26.9

$27.8

$22.3

$30

$25

$29.0 $30.0

$20

$15

$10

$5

$0

2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 1Q26

* Value represents mid-point of range; $1,250m used for projects 'Above $1,000m'

2026 Full-year financial guidance1

Subsea

Revenue in a range of $9.2 - 9.6 billion

Adjusted EBITDA margin in a range of 21 - 22%

As of February 19, 2026

Revenue in a range of $1.15 - 1.3 billion

Adjusted EBITDA margin in a range of 16.5 - 18%

Surface Technologies

Corporate and Other

Corporate expense, net $115 - 125 million

(excludes charges and credits)

Net interest expense $10 - 20 million

Effective tax rate 27 - 31%

Capital expenditures approximately $340 million

Free cash flow2 $1.3 - 1.45 billion

1 Our guidance measures of adjusted EBITDA margin, free cash flow and corporate expense, net, excluding charges and credits are non-GAAP financial measures. We are unable to provide a reconciliation to comparable GAAP financial measures on a forward-looking basis without unreasonable effort because of the unpredictability of the individual components of the most directly comparable GAAP financial measure and the variability of items excluded from each such measure. Such information may have a significant, and potentially unpredictable, impact on our future financial results.

2 Free cash flow is calculated as cash flow from operations less capital expenditures.

Q1 2026 Cash flow and net cash

1,032

961

(63)

(285)

Free cash flow

$277M

(56)

332

(in $ millions)

Net Cash

(In millions, unaudited)

March 31,

2026

Cash and cash equivalents

$

961

Short-term debt and current portion

of long-term debt

(36)

Long-term debt, less current portion

(384)

Net cash $ 540

Cash and cash equivalents at Dec. 31, 2025

Cash flow from operating activities

Capital expenditures

Shareholder distributions

All other Cash and cash equivalents at Mar. 31, 2026

Backlog scheduling provides visibility

Subsea1

as of March 31, 2026

Surface Technologies

as of March 31, 2026

2028+

$5.9B

2026

$5.2B

$15.8

billion

2027

$4.7B

2027+

$353M

$668

million

2026

$315M

1 Backlog does not capture all revenue potential for Subsea Services

Section 2: Company overview

TechnipFMC snapshot

#1

Integrated solutions provider for the oil and gas industry

3

Pillars for Energy Transition (Offshore floating renewables, GHG removal, Hydrogen)

38

Countries with current operations

>90%

Total company international revenue (Non-NAM land)1,2

$16.5bn

Total company backlog3

$10.2bn

Total company revenue2

Note: financials shown on U.S. GAAP basis

1. International revenue includes total revenue for Subsea and revenue outside North America for Surface Technologies

2. LTM as of 3/31/26

3. As of 3/31/26. Backlog includes Subsea ($15.8bn consolidated) and Surface Technologies ($0.7bn)

Sustainability at TechnipFMC

Our sustainability approach is guided by our Core Values and Foundational Beliefs, which underpin our commitment to responsible corporate citizenship.

Technology Integration Collaboration

Alliances

Execution

Environmental

Social

Governance

Our clients' carbon footprint

Renewable energy usage

Our carbon footprint

Equal opportunity

Community

Leadership in HSE

Responsible business behavior

Board oversight

Safety Integrity Ǫuality

Respect

Sustainability

Our environmental focus on carbon reduction

Scope 1 and 2 emissions by 20301

Wind Hydro Hybrid / Biofuels

1. Versus 2017 re-baseline

Technology leadership

Integration technologies

Digital and automation

Robotics

Precision robotics for ROV

Subsea mechatronics

Subsea 2.0®

iProduction

NextGen subsea controls

Surface production

automation

Using differentiated technologies to bring significant additional value as part of an integrated system

Applying Subsea digital and automation technologies to transform Surface Technologies

Utilizing mechatronics to transform subsea production system via robotic and mechanical systems integration

Overview of TechnipFMC segments

Subsea

Surface Technologies

Subsea products

Trees, manifolds, control, templates, flowline systems, umbilicals and flexibles

Subsea processing

ROVs and manipulator systems

Subsea projects

Field architecture, integrated design

Engineering, procurement

Installation using high-end fleet

Subsea services

Drilling systems

Asset management and production optimization

Drilling, completion and production wellhead equipment, chokes, compact valves, manifolds and controls

Financial contribution

Revenue1 Surface 12%

Subsea 88%

EBITDA1 Surface 10%

Subsea 90%

Backlog2 Surface 4%

Subsea 96%

Treating iron, manifolds, and reciprocating pumps for stimulation and cementing

Advanced separation and flow-treatment systems

Flow metering products and systems

Installation and maintenance services

Frac-stack and manifold rental and operation services

Flowback and well testing services

Revenue1

$8,938mm

1. LTM as of 3/31/26

2. As of 3/31/26

Adj. EBITDA1

$1,845mm

Backlog2

$15,800mm

Revenue1

$1,254mm

Adj. EBITDA1

$214mm

Backlog2

$668mm

Subsea competitive strengths

FEED Studies

Subsea Production Systems

Flexibles

Umbilicals

Installation

iEPCITM

Field Services

SPS / SURF - critical components of offshore development

Oil & gas industry has strong history of subsea tree orders

SPS / SURF is one of the largest components of project costs

Strong history of subsea tree orders

600

500

400

300

200

100

551

Subsea tree orders by region 2012-2025 (trees)

413

327

348

294

261

270

231

247

205

193

153

172

83

Drilling / Well Construction

39%

27%

SPS / SURF

34%

0

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

Brazil

All other regions

Source: Wood Mackenzie, April 2026

FPSO / Platform

Source: Morgan Stanley Research, TechnipFMC Internal Analysis

Improving project economics for deepwater projects

More than 400 deepwater discoveries have yet to be developed

Good progress on deepwater cost reductions with potential for additional savings

Standardization, technology

and strong project execution can deliver sustainable savings

Integrated business model

can reduce costs of SPS/SURF scope

500

410 Projects

+40% to 60%

400

300

200

100

0

Historical costs Costs (-20%)

Source: Wood Mackenzie, Rystad

Disclaimer

TechnipFMC plc published this content on May 01, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 01, 2026 at 19:28 UTC.