Technipfmc Plc · NYSE:FTI
Technipfmc — Barclays CEO Energy-Power Conference 2018
18 slides from Technipfmc's conference presentation, Sep 4, 2018
Slide 1: Barclays CEO Energy-Power Conference
Barclays CEO Energy-Power Conference Maryann Mannen, Executive Vice President and Chief Financial Officer September 4, 2018
Slide 2: Disclaimer
Disclaimer Forward-looking statements We would like to caution you with respect to any “forward-looking statements” made in this presentation 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 am
Slide 3: TechnipFMC Winning, executing and leading
TechnipFMC Winning, executing and leading 2018 Year-to-date total company highlights Winning Executing Leading $7.7B 12.5% 3 iEPCI™ awards (3) Inbound order intake Adjusted EBITDA(2) margin Largest to date – Karish & Tanin Margin down 20bps on revenue Leveraging capabilities across Book-to-bill(1) o
Slide 4: Q2 2018 Key operational highlights
Q2 2018 Key operational highlights Orders drive backlog higher Surface Technologies recovers First iEPCI™ project completed 1.4 1.3 1.1 18.1% Shell 0.8 0.8 Adjusted EBITDA margin Kaikias 0.8 0.6 $15.2B Revenue by Geography $14.9B 0.3 $13.9B $14.0B International $13.0B Time to first America -0.2 Q217
Slide 5: Portfolio leverage to major energy growth platforms
Portfolio leverage to major energy growth platforms Subsea LNG Unconventional Product iEPCI™ 90 Mtpa reliability Transforming subsea Global production Leading positions in project economics delivered several products Subsea 2.0™ Revolutionary product 7.8 Mtpa Technology World’s largest LNG Extending
Slide 6: Integration drives sustainable improvements in project economics
Integration drives sustainable improvements in project economics Shell Kaikias iEPCITM Subsea 2.0TM Improved project economics Hardware cost reduction Project team consolidation Total project cost reduction Reduced time to first oil Improved schedule certainty 6 month schedule reduction
Slide 7: Subsea demand is growing
Subsea demand is growing Offshore Final Investment Decisions(1) Offshore Capital Expenditures 30 120 Clear evidence of subsea 240 recovery as shown by growth in 25 100 200 Final Investment Decisions 20 80 (FIDs) for offshore projects 160 15 60 120 Project FIDs (reserves >50mm barrels) have retur
Slide 8: 2018e likely to be revenue trough for Subsea
2018e likely to be revenue trough for Subsea Revenues from backlog – next calendar year Subsea Scheduled backlog of $2.3B for the next calendar year is higher than ~$0.8B $5.15B 2019 2018 the similar metric for 2Q17 ($2.1B) Revenue Revenue in backlog in backlog ~$1.0B Backlog at 4Q17 provided 65
Slide 9: Onshore/Offshore growth potential driven by market leadership
Onshore/Offshore growth potential driven by market leadership LNG leadership Recent highlights 90 Mtpa Global production >20% Of operating LNG 7.8 Mtpa World’s largest LNG Improving market dynamics ▪ Rising FEED activity delivered capacity(1) trains delivered ▪ Increasing tendering opportunities ▪
Slide 10: Onshore/Offshore orders offsetting major project completions
Onshore/Offshore orders offsetting major project completions Revenues from backlog – next calendar year Onshore / Offshore Order strength in 2018 has offset a 2019 2018 ~$1.5B $5.75B reduction in Yamal LNG backlog for Revenue Revenue in backlog in backlog the next calendar year ~$0.9B Revenue fr
Slide 11: TechnipFMC Solid operational performance, portfolio leverage to growth platforms
TechnipFMC Solid operational performance, portfolio leverage to growth platforms 2018 Year-to-date highlights Winning – total Company inbound orders of $7.7 billion; orders exceeded revenues in all segments Executing – total Company adjusted EBITDA margin(1) of 12.5%, benefitting from strong pro
Slide 12: Appendix
Appendix Barclays CEO Energy-Power Conference | 12
Slide 13: Subsea opportunities in the next 24 months
Subsea opportunities in the next 24 months* EQUINOR Johan Sverdrup 2 CHEVRON Rosebank EXXONMOBIL CNOOC Neptun Deep Lingshui 17-2 RELIANCE WOODSIDE MJ-1 Sangomar CHEVRON Anchor & Tigris SHELL Bonga SW ONGC EXXONMOBIL INPEX KGD5 98/2 Liza 2 ENI Ichthys 2 Zabazaba CONOCOPHILLIPS TOTAL Barossa PETROBRAS
Slide 14: Backlog visibility
Backlog visibility Subsea(1) 2Q 2018 Inbound orders: $1,516 million Non-consolidated Backlog(2) $6.2 billion $2.3 billion Subsea $1.9 billion $2.0 billion 2018 (6 months) 2019 2018(3) $79 million 2020 & beyond (1) Backlog does not capture all revenue potential for subsea services. 2019 $167 million
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