TechnipFMC (FTI) Investor presentation summary

Operational and financial highlights

• Achieved $2.6 billion in inbound orders in Q3 2025, with a book-to-bill ratio above 1.0x for 15 of the past 16 quarters.

• Subsea orders reached $2.4 billion, with strong activity in South America and a robust backlog of $16.0 billion.

• Q3 2025 cash flow from operations was $525 million, and free cash flow was $448 million; full-year free cash flow guidance raised to $1.3–1.45 billion.

• Shareholder distributions totaled $271 million, and share repurchase authorization increased by $2 billion.

• Subsea revenue grew 5% sequentially, with adjusted EBITDA margin at 21.8%; Surface Technologies revenue rose 3% sequentially, with a 16.4% margin.

Market opportunities and backlog

• Subsea project pipeline for the next 24 months is valued at $26.9 billion, with several large projects in the Americas, Africa, and Asia Pacific.

• Backlog as of September 30, 2025, stands at $16.0 billion for Subsea and $775 million for Surface Technologies, providing strong revenue visibility.

• Subsea opportunities include projects valued above $1 billion, reflecting continued demand for integrated solutions.

Financial guidance and performance

• 2025 guidance: Subsea revenue of $8.4–8.8 billion with 19–20% adjusted EBITDA margin; Surface Technologies revenue of $1.2–1.35 billion with 16–16.5% margin.

• Corporate expense expected at $115–125 million, net interest expense at $45–55 million, and capital expenditures around $340 million.

• Net cash position at September 30, 2025, was $439 million, with cash and cash equivalents of $877 million.