TechnipFMC (FTI) Investor presentation summary

Operational and financial highlights

• Q1 2026 inbound orders reached $2.2 billion, with Subsea orders at $1.9 billion and a backlog of $16.5 billion.

• Adjusted EBITDA for Q1 2026 was $453 million, with free cash flow of $277 million and shareholder distributions totaling $285 million.

• Subsea revenue grew 1% sequentially, driven by higher project activity in Latin America, Africa, and North America, while Surface Technologies revenue declined 12% due to project timing in the Middle East.

• Subsea opportunities list expanded to approximately $30 billion, reflecting over 30% growth in two years.

• 2026 guidance includes Subsea revenue of $9.2–9.6 billion, Surface Technologies revenue of $1.15–1.3 billion, and free cash flow of $1.3–1.45 billion.

Segment performance and backlog

• Subsea adjusted EBITDA margin improved to 20.0% in Q1 2026, with a stable backlog of $15.8 billion.

• Surface Technologies adjusted EBITDA margin was 17.4%, with a backlog of $668 million.

• Backlog scheduling provides visibility, with $5.2 billion in Subsea backlog for 2026 and $5.9 billion for 2028+.

Strategic and sustainability initiatives

• Focus on integrated solutions for oil and gas, with three pillars for energy transition: offshore floating renewables, GHG removal, and hydrogen.

• Targeting a 50% reduction in Scope 1 and 2 emissions by 2030 compared to 2017.

• Technology leadership includes Subsea 2.0®, iProduction™, digital automation, and robotics.