TechnipFMC : First Quarter 2025 Earnings Presentation
FTI
Q1 2025 Earnings Presentation
April 24, 2025
Operational highlights and financial results
Q1 2025 Operational summary
Highlights
iEPCI and Subsea 2.0®, representing a book-to-bill of 1.4x
Takeaways
Subsea inbound orders have exceeded revenue in 8 of the last 9 quarters
New strategic alliance with
Cairn Oil & Gas for developments offshore India using iEPCI
Continued confidence in Subsea inbound orders exceeding $10 billion in 2025
Q1 2025 Earnings Call Presentation | 4
Q1 2025 Financial results
Sequential highlights
$3.1B
Inbound orders
$15.8B
Backlog
$356M
Adjusted EBITDA
excluding F/X
$380M
Free cash flow
Segment results
Subsea
1Q25
4Q24
1Q24
QoQ
YoY
Revenue
1,936
2,048
1,735
-5%
12%
Adjusted EBITDA
335
339
242
-1%
38%
Adjusted EBITDA margin
17.3%
16.5%
14.0%
80 bps
330 bps
Inbound orders
2,786
2,699
2,404
3%
16%
Backlog
14,946
13,518
12,456
11%
20%
Surface Technologies
1Q25
4Q24
1Q24
QoQ
YoY
Revenue
297
319
307
-7%
-3%
Adjusted EBITDA
47
54
41
-13%
13%
Adjusted EBITDA margin
15.7%
16.8%
13.5%
-110 bps
220 bps
Inbound orders
304
225
371
35%
-18%
Backlog
870
858
1,037
1%
-16%
Q1 2025 Earnings Call Presentation | 5
Subsea opportunities in the next 24 months1
Q1 2025 Earnings Call Presentation | 6
2025 Full-year financial guidance1 As of April 24, 2025
Subsea
Surface Technologies
TechnipFMC
1Our guidance measures of adjusted EBITDA margin, free cash flow and adjusted corporate expense, net 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.
2Free cash flow is calculated as cash flow from operations less capital expenditures.
Q1 2025 Earnings Call Presentation | 7
Q1 2025 Cash flow and net cash
Free cash flow
$380M
(in $ millions)
(62)
442
(271)
(80)
1,158
1,187
Cash and cash
Cash flow
Capital
Shareholder
All other
Cash and cash
equivalents at
from operating
expenditures
distributions
equivalents at
Dec 31, 2024
activities
Mar 31, 2025
Net Cash
(In millions, unaudited)
March 31,
2025
Cash and cash equivalents
$
1,187
Short-term debt and current portion
of long-term debt
(494)
Long-term debt, less current portion
(411)
Net cash
$
282
Q1 2025 Earnings Call Presentation | 8
Backlog scheduling provides visibility
Subsea1
as of March 31, 2025
2025
2027+$4.9B
Surface Technologies
as of March 31, 2025
2025
$326M
$5.8B
$14.9
billion
2026
$4.3B
$870
2026+ million
$545M
1 Backlog does not capture all revenue potential for Subsea Services
Q1 2025 Earnings Call Presentation | 9
Appendix
Disclaimer
TechnipFMC plc published this content on April 24, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 24, 2025 at 20:39 UTC.