TechnipFMC : Third Quarter 2019 Earnings Presentation

Q3 2019 Earnings Call Presentation

October 24, 2019

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 amended. Words such as "expect," "plan," "intend," "would," "will," and similar expressions are intended to identify forward-looking statements, which are generally not historical in nature, and include any statements with respect to the potential separation of the Company into RemainCo and SpinCo, the expected financial and operational results of RemainCo and SpinCo after the potential separation and expectations regarding RemainCo's and SpinCo's respective businesses or organizations after the potential separation.

Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections, including the following known material factors: risks associated with the impact or terms of the potential separation; risks associated with the benefits and costs of the potential separation, including the risk that the expected benefits of the potential separation will not be realized within the expected time frame, in full or at all; risks that the conditions to the potential separation, including regulatory approvals and consultation of employee representatives, will not be satisfied and/or that the potential separation will not be completed within the expected time frame, on the expected terms or at all; the expected tax treatment of the potential separation, including as to shareholders in the United States or other countries; changes in the shareholder bases of the Company, RemainCo and SpinCo, and volatility in the market prices of their respective shares; risks associated with any financing transactions undertaken in connection with the potential separation; the impact of the potential separation on our businesses and the risk that the potential separation may be more difficult, time-consuming or costly than expected, including the impact on our resources, systems, procedures and controls, diversion of management's attention and the impact on relationships with customers, governmental authorities, suppliers, employees and other business counterparties; unanticipated changes relating to competitive factors in our industry; our ability to timely deliver our backlog and its effect on our future sales, profitability, and our relationships with our customers; our ability to hire and retain key personnel; U.S. and international laws and regulations, including existing or future environmental or trade/tariff regulations, that may increase our costs, limit the demand for our products and services or restrict our operations; disruptions in the political, regulatory, economic and social conditions of the countries in which we conduct business; downgrade in the ratings of our debt could restrict our ability to access the debt capital markets; and such other risk factors as set forth in our filings with the U.S. Securities and Exchange Commission and in our filings with the Autorité des marchés financiers or the U.K. Financial Conduct Authority.

We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.

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Q3 2019 Overview

Financial Results and Operational Highlights

Doug Pferdehirt, Chairman and Chief Executive Officer Maryann Mannen, EVP and Chief Financial Officer

Reshaping Our Future from a position of strength

RemainCo (TechnipFMC)

a fully-integrated technology and services provider, continuing to drive energy development

SpinCo

a leading E&C player, poised to capitalize on the global energy transition

Confident in the timing of our transaction

Subsea leadership position extended through integrated model - iEPCI™

Onshore/Offshore success reflects project selectivity and strong execution

Opportunity to drive new commercial models in the surface market

Primary markets are recovering, with particular strength in subsea, LNG

Order growth driving backlogs higher, with Onshore/Offshore near record high

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Reshaping Our Future with the right business mix

RemainCo - International, subsea play

• Almost 90% of RemainCo revenue generated outside the U.S. and Canada
• Subsea levered to emerging markets (Mozambique, Guyana) and established regions (Brazil, North Sea, Gulf of Mexico)
• More than 50% of Surface Technologies revenue from international markets, with growth driven by Middle East

RemainCo revenue1,2

Trailing 12-Months

89%

North America International11%

SpinCo backlog1,3

September 30, 2019

56%	All other
LNG	44%

SpinCo - E&C LNG play

• LNG represents more than 50% of SpinCo backlog, with further growth potential from near-term opportunities
• Diversity in LNG projects and technologies, including modularization for both land based and floating structures
• Capabilities across the gas value chain position SpinCo to be a key actor in the energy transition

1	In accordance with U.S. generally accepted accounting principles (GAAP). Following separation, RemainCo and SpinCo will be subject to
immaterial carve-out adjustments.
2	As of September 30,	2019.	Excludes Loading Systems, Cybernetix, and Genesis Subsea revenues. International revenue includes total revenue for	Q3 2019 Earnings Call Presentation | 5
Subsea and revenue outside North America for Surface Technologies.
3	As of September 30,	2019.	Includes Onshore/Offshore, Loading Systems, Cybernetix, and Genesis Subsea backlog.