Press Release

TechnipFMC Announces Second Quarter 2021 Results

• Solid financial performance in both Subsea and Surface Technologies
• Total Company inbound orders of $1.6 billion; Subsea inbound orders of $1.3 billion
• Full-year guidance updated, supported by strength of first half results and market outlook


LONDON & HOUSTON, July 21, 2021 - TechnipFMC plc (NYSE: FTI) (Paris: FTI) today reported
second quarter 2021 results.

Summary Financial Results from Continuing Operations
Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.

Three Months Ended Change
(In millions, except per share amounts) Jun. 30, Mar. 31, Jun. 30, Year-over-
2021 2021 2020 Sequential Year
Revenue $1,668.8 $1,632.0 $1,620.2 2.3% 3.0%
Income (loss) ($174.7) $430.3 ($177.6) n/m n/m
Diluted earnings (loss) per share $(0.39) $0.95 $(0.40) n/m n/m


Adjusted EBITDA $144.3 $165.2 $77.4 (12.7%) 86.4%
Adjusted EBITDA margin 8.6% 10.1% 4.8% (150 bps) 380 bps
Adjusted income (loss) $(26.0) $(14.5) $(63.6) n/m n/m
Adjusted diluted earnings (loss) per share $(0.06) $(0.03) $(0.14) n/m n/m


Inbound orders $1,559.5 $1,722.1 $698.8 (9.4%) 123.2%
Backlog $7,312.0 $7,221.4 $7,471.2 1.3% (2.1%)



Total Company revenue in the second quarter was $1,668.8 million. Loss from continuing operations
attributable to TechnipFMC was $174.7 million, or $0.39 per diluted share.
After-tax charges and credits totaled $148.7 million of charges, or $0.33 per diluted share. Reported
results included a loss from the Company’s equity investment in Technip Energies of $146.8 million
primarily related to the change in market value in the quarter.
Adjusted loss from continuing operations was $26 million, or $0.06 per diluted share (Exhibit 6).
Adjusted EBITDA, which excludes pre-tax charges and credits, was $144.3 million; adjusted EBITDA
margin was 8.6 percent (Exhibit 8). Included in adjusted EBITDA was a foreign exchange loss of
$10.7 million.




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Doug Pferdehirt, Chairman and CEO of TechnipFMC, stated, “Second quarter results reflect another
strong quarter for our Company. Total Company revenue improved sequentially to $1.7 billion, with
both Subsea and Surface Technologies segments reporting an adjusted EBITDA margin of 11
percent.”
Pferdehirt added, “In Subsea, we demonstrated our ability to continue winning, with inbound totaling
$1.3 billion for the quarter. The order strength in the first half of the year has been indicative of the
continued market progression we outlined last year. Year-to-date, we have announced ten awards, of
which 50 percent will be executed as integrated projects. This included the addition of two new
iEPCI™ clients in the quarter.”
“In Surface Technologies, inbound orders increased 32 percent from the first quarter driven by our
international business where well completion activity continued to recover from the prior year decline.
International growth was driven by the Middle East, the North Sea and China. Orders in the Americas
also increased, reflecting continued momentum in completion and drilling activity and the success of
our iComplete™ offering.”
Pferdehirt continued, “We have increased our full-year expectations for both operating segments
given our strong year-to-date results and continued improvement in the broader market outlook.
Subsea inbound orders of $2.8 billion in the first half of the year were strong. We continue to see a
healthy list of prospects and remain very confident in our full-year guidance for Subsea orders of
more than $4 billion. Furthermore, growth in 2022 is supported by an increasing set of opportunities.
When using the midpoint value of our Subsea Opportunity List, the project award potential has
increased by nearly 20 percent to $17 billion over the next 24 months.”
“Looking beyond the traditional market, we believe that offshore will continue to play a meaningful role
in the total energy mix. We are building partnerships in support of new energy, leveraging our
differentiated technologies, and capitalizing on our integrated project execution and expertise as the
subsea architect.”
“We are making steady progress in our partnerships focused on wind and wave opportunities. The
market momentum for wind development continues to support increased investment in this abundant
source of renewable energy. And when combined with wave technology, we can generate even
greater energy output and reduced intermittency utilizing integrated offshore solutions.”
Pferdehirt added, “Our Deep Purple™ solution is centered around technology development and
integration capabilities that convert this renewable energy into hydrogen, enabling economies of scale
that were previously unattainable by offshore renewables projects. An example of this is our recently
announced partnership with Portuguese energy utility EDP, as well as several notable research
partners, in a concept study for the development of green hydrogen production from offshore wind
power through a project called BEHYOND.”
Pferdehirt concluded, “Our success is driven by our core competencies, having pioneered and
delivered next generation subsea technologies and the industry’s only fully integrated commercial
model. We are demonstrating that these unique capabilities are completely transferable to the
renewable energy space, giving us confidence in our ability to extend our leadership in subsea to the
development of new and novel energy resources offshore.”




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Operational and Financial Highlights

Subsea

Financial Highlights
Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.

Three Months Ended Change
(In millions, except per share amounts) Jun. 30, Mar. 31, Jun. 30, Year-over-
2021 2021 2020 Sequential Year
Revenue $1,394.3 $1,386.5 $1,378.5 0.6% 1.1%
Operating profit (loss) $72.4 $37.0 $(75.6) 95.7% n/m
Adjusted EBITDA $154.1 $135.1 $99.6 14.1% 54.7%
Adjusted EBITDA margin 11.1% 9.7% 7.2% 140 bps 390 bps


Inbound orders $1,291.3 $1,518.8 $511.7 (15.0%) 152.4%
Backlog1,2,3 $6,951.6 $6,857.1 $7,085.3 1.4% (1.9%)



Estimated Consolidated Backlog Scheduling Jun. 30,
(In millions) 2021
2021 (6 months) $1,996
2022 $2,988
2023 and beyond $1,968
Total $6,952
1
Backlog in the period was increased by a foreign exchange impact of $170 million.
2
Backlog does not capture all revenue potential for Subsea Services.
3
Backlog does not include total Company non-consolidated backlog of $594 million.


Subsea reported second quarter revenue of $1,394.3 million, a modest improvement from the first
quarter. Revenue increased sequentially due to seasonal improvement in installation and services,
largely offset by lower project activity in the quarter.

Subsea reported an operating profit of $72.4 million. Sequentially, operating results benefited from
lower charges, improved margins in backlog and increased installation and services activity.

Subsea reported adjusted EBITDA of $154.1 million. Adjusted EBITDA increased 14.1 percent when
compared to the first quarter, benefiting from higher margins in backlog and increased installation and
services activity. Adjusted EBITDA margin improved 140 basis points to 11.1 percent.

Subsea inbound orders were $1,291.3 million for the quarter, reflective of the continued market
improvement. Book-to-bill in the period was 0.9.




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The following awards were included in the period:

• Ithaca Energy Captain EOR Project (North Sea)
Significant* Engineering, Procurement, Construction and Installation (EPCI) contract from
Ithaca Energy (UK) Limited for the Captain Enhanced Oil Recovery (EOR) Project in the UK
North Sea. TechnipFMC will design, manufacture, deliver and install subsea equipment
including a rigid riser caisson, water injection flexible flowline, umbilicals and associated
equipment.
*A “significant” award ranges between $75 million and $250 million.

• Karoon Patola iEPCITM Project (Brazil)
TechnipFMC’s first integrated Engineering, Procurement, Construction and Installation
(iEPCITM) contract in Brazil by Karoon Energy for the Patola field development. The contract
covers engineering, procurement, construction and installation of subsea trees, flexible pipes
and umbilicals. TechnipFMC was chosen based on its recognized technical excellence and
capability to deliver complete and integrated solutions. The Company will leverage its assets
and significant local content in Brazil, including its subsea equipment and flexible pipe plants
and its logistics base.

• Petrobras Buzios 6-9 Fields Project (Brazil)
Substantial* contract from Petrobras for the Buzios 6-9 fields. Located in the Santos basin
offshore Brazil, these fields are part of the pre-salt area, with a water depth of 2,000 meters.
TechnipFMC will supply subsea trees with controls, electrical and hydraulic distribution units,
topside systems, and installation and intervention support services with rental tooling. All of
the subsea trees will be manufactured at our facilities in Brazil, which are powered entirely
from renewable energy sources.
*A “substantial” award ranges between $250 million and $500 million.

• Equinor Kristin Sør Project (North Sea)
Significant* EPCI contract by Equinor for the Kristin Sør Field in the North Sea. TechnipFMC
will supply rigid pipelines, static and dynamic umbilicals, as well as pipeline and marine
installation of the subsea production facilities. The project will be executed by TechnipFMC’s
operating center in Oslo, Norway, with fabrication occurring in the Company’s facilities in
Norway and the United Kingdom.
*A “significant” award ranges between $75 million and $250 million.

• Tullow Jubilee South East Development iEPCITM Project (Ghana)
Significant* iEPCI™ contract for the Jubilee South East development, located offshore Ghana.
It will be the Company’s first iEPCI™ project with Tullow Ghana Ltd. The contract builds upon
TechnipFMC’s established relationship with Tullow and covers supply and offshore installation
of all major subsea equipment, including manifolds and associated controls, flexible risers and
flowlines, umbilicals, and subsea structures. At the pre-tendering stage, TechnipFMC utilized
its Subsea Studio™ digital solutions to help optimize field layout.
*A “significant” award ranges between $75 million and $250 million.




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Partnership and Alliance Highlights

• BEHYOND: Concept study for green hydrogen production from offshore wind power
EDP, TechnipFMC and other research partners are joining forces to develop a conceptual
engineering and economic feasibility study for a new offshore system for green hydrogen
production from offshore wind power, called the BEHYOND project. The study will include
innovative integration of equipment for the production and conditioning of green hydrogen and
infrastructure that allows for its transportation to the coast. The goal is to create a unique
concept that can be standardized and implemented worldwide, allowing for large-scale green
hydrogen production offshore.

Each member of the consortium brings specific competencies that are complementary.
TechnipFMC brings its extended history in subsea engineering, expertise developed on its
Deep Purple™ green hydrogen project, and essential system integration abilities.

• TechnipFMC and Halliburton’s Subsea Fiber Optic Solution selected by OTC and
ExxonMobil
TechnipFMC and Halliburton received an OTC Spotlight on New Technology Award® for their
Odassea™ Subsea Fiber Optic Solution, an advanced downhole fiber optic sensing system.
ExxonMobil selected the solution for its Payara development project in Guyana, the industry’s
largest subsea fiber optic sensing project. The award followed completion of front-end
engineering and design studies and qualifications.

The Odassea™ system integrates hardware and digital solutions to strengthen capabilities in
subsea reservoir monitoring and production optimization. Halliburton provides the fiber optic
sensing technology and analysis for reservoir diagnostics. TechnipFMC provides the optical
connectivity from the topside to the completions. Through this collaboration, operators can
accelerate full field subsea fiber optic sensing, design, and execution.

TechnipFMC and Halliburton are delivering Odassea™ solutions to multiple other subsea
projects at all stages, from conceptual design to execution.




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Surface Technologies


Financial Highlights
Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.

Three Months Ended Change
(In millions, except per share amounts) Jun. 30, Mar. 31, Jun. 30, Year-over-
2021 2021 2020 Sequential Year
Revenue $274.5 $245.5 $241.7 11.8% 13.6%
Operating profit (loss) $12.9 $8.2 $(13.4) 57.3% n/m
Adjusted EBITDA $30.2 $26.9 $8.3 12.3% 263.9%
Adjusted EBITDA margin 11.0% 11.0% 3.4% 0 bps 760 bps


Inbound orders $268.2 $203.3 $187.1 31.9% 43.3%
Backlog $360.4 $364.3 $385.9 (1.1%) (6.6%)



Surface Technologies reported second quarter revenue of $274.5 million, an increase of 11.8 percent
from the first quarter. The sequential increase was primarily driven by higher activity in North America,
increased international services and strong project execution. The Company also benefited from
further adoption of its iComplete™ ecosystem.

Surface Technologies reported operating profit of $12.9 million. Operating profit increased
sequentially primarily due to lower charges and higher sales volume.

Surface Technologies reported adjusted EBITDA of $30.2 million. Adjusted EBITDA increased 12.3
percent when compared to the first quarter, driven by higher sales volume. Adjusted EBITDA margin
was unchanged at 11 percent.

Inbound orders for the quarter were $268.2 million, an increase of 31.9 percent sequentially driven by
the Middle East, including Saudi Arabia, United Arab Emirates, Bahrain and Qatar, as well as the
North Sea and North America. Book-to-bill improved to 1.0 in the period.
Backlog ended the period at $360.4 million. Given the short-cycle nature of the business, orders are
generally converted into revenue within twelve months.




TechnipFMC.com Page 6 of 24
Corporate and Other Items (three months ended, June 30, 2021):

Corporate expense was $30.3 million.

Foreign exchange loss was $10.7 million.

Net interest expense was $35.2 million.

The Company recorded a tax provision of $34.9 million.

Total depreciation and amortization was $98 million.

Cash required by operating activities from continuing operations was $85.9 million. Capital
expenditures were $39.7 million. Free cash flow from continuing operations was $(125.6) million
(Exhibit 11).

The Company ended the period with cash and cash equivalents of $854.9 million; net debt was
$1,623 million.



The Company completed the partial spin-off of Technip Energies on February 16, 2021. Financial
results for Technip Energies are reported as discontinued operations. The Company’s investment in
Technip Energies is reflected in current assets at market value.

The Company recognized a loss in the second quarter of $146.8 million from its equity ownership in
Technip Energies. The loss was primarily related to the change in market value in the period.

On April 27, 2021, the Company sold 26.8 million shares from its retained stake in Technip Energies
for proceeds of $358.1 million. As of June 30, 2021, the Company’s ownership stake was 55.5 million
shares, or approximately 31 percent of Technip Energies’ outstanding shares.




TechnipFMC.com Page 7 of 24
2021 Full-Year Financial Guidance1
The Company’s full-year guidance for 2021 can be found in the table below.

Updates to the Company’s full-year guidance for 2021 are as follows:
• Subsea revenue in a range of $5.2 - 5.5 billion, which increased from the previous guidance
range of $5.0 - 5.4 billion.
• Surface Technologies EBITDA margin in a range of 10 - 12% (excluding charges and credits),
which increased from the previous guidance range of 8 - 11%.

• Net interest expense in a range of $135 - 140 million, which increased from the previous
guidance range of $130 - 135 million.

• Tax provision, as reported, in a range of $85 - 95 million, which increased from the previous
guidance range of $70 - 80 million.

All segment guidance assumes no further material degradation from COVID-19-related impacts.
Guidance is based on continuing operations and thus excludes the impact of Technip Energies, which
is reported as discontinued operations.


2021 Guidance *Updated July 21, 2021

Subsea Surface Technologies
Revenue in a range of $5.2 - 5.5 billion* Revenue in a range of $1,050 - 1,250 million

EBITDA margin in a range of 10 - 11% EBITDA margin in a range of 10 - 12%*
(excluding charges and credits) (excluding charges and credits)


TechnipFMC
Corporate expense, net $105 - 115 million
(includes depreciation and amortization of ~$5 million)


Net interest expense* $135 - 140 million

Tax provision, as reported* $85 - 95 million

Capital expenditures approximately $250 million

Free cash flow $120 - 220 million




1
Our guidance measures adjusted EBITDA margin, corporate expense, net, net interest expense and free cash flow 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.




TechnipFMC.com Page 8 of 24
Teleconference


The Company will host a teleconference on Thursday, July 22, 2021 to discuss the second quarter
2021 financial results. The call will begin at 1 p.m. London time (8 a.m. New York time). Webcast
access and an accompanying presentation can be found at www.TechnipFMC.com.

An archived audio replay will be available after the event at the same website address. In the event of
a disruption of service or technical difficulty during the call, information will be posted on our website.




TechnipFMC.com Page 9 of 24
###

About TechnipFMC


TechnipFMC is a leading technology provider to the traditional and new energy industries; delivering
fully integrated projects, products, and services.

With our proprietary technologies and comprehensive solutions, we are transforming our clients’
project economics, helping them unlock new possibilities to develop energy resources while reducing
carbon intensity and supporting their energy transition ambitions.

Organized in two business segments — Subsea and Surface Technologies — we will continue to
advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and
iComplete™), technology leadership and digital innovation.

Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and
a culture of strong execution, purposeful innovation, and challenging industry conventions.

TechnipFMC uses its website as a channel of distribution of material company information. To learn
more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on
Twitter @TechnipFMC.


This communication contains “forward-looking statements” 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. Forward-looking statement usually relate to future events and anticipated revenues, earnings, cash
flows, or other aspects of our operations or operating results. Forward-looking statements are often identified
by words such as “guidance,” “confident,” “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,”
“would,” “could,” “may,” “will,” “likely,” “predicated,” “estimate,” “outlook” and similar expressions, including the
negative thereof. The absence of these words, however, does not mean that the statements are not forward-
looking. These forward-looking statements are based on our current expectations, beliefs, and assumptions
concerning future developments and business conditions and their potential effect on us. While management
believes these forward-looking statements are reasonable as and when made, there can be no assurance that
future developments affecting us will be those that we anticipate. All of our forward-looking statements involve
risks and uncertainties (some of which are significant or beyond our control) and assumptions that could cause
actual results to differ materially from our historical experience and our present expectations or projections,
including unpredictable trends in the demand for and price of crude oil and natural gas; competition and
unanticipated changes relating to competitive factors in our industry, including ongoing industry consolidation;
the COVID-19 pandemic and its impact on the demand for our products and services; our inability to develop,
implement and protect new technologies and services; the cumulative loss of major contracts, customers or
alliances; disruptions in the political, regulatory, economic and social conditions of the countries in which we
conduct business; the refusal of DTC and Euroclear to act as depository and clearing agencies for our shares;
the United Kingdom’s withdrawal from the European Union; the impact of our existing and future indebtedness
and the restrictions on our operations by terms of the agreements governing our existing indebtedness; the risks
caused by our acquisition and divestiture activities; the risks caused by fixed-price contracts; any delays and
cost overruns of new capital asset construction projects for vessels and manufacturing facilities; our failure to
deliver our backlog; our reliance on subcontractors, suppliers and our joint venture partners; a failure or breach
of our IT infrastructure or that of our subcontractors, suppliers or joint venture partners, including as a result of
cyber-attacks; the risks of pirates endangering our maritime employees and assets; potential liabilities inherent
in the industries in which we operate or have operated; our failure to comply with numerous laws and
regulations, including those related to environmental protection, health and safety, labor and employment,
import/export controls, currency exchange, bribery and corruption, taxation, privacy, data protection and data




TechnipFMC.com Page 10 of 24
security; the additional restrictions on dividend payouts or share repurchases as an English public limited
company; uninsured claims and litigation against us, including intellectual property litigation; tax laws, treaties
and regulations and any unfavorable findings by relevant tax authorities; the uncertainties related to the
anticipated benefits or our future liabilities in connection with the spin-off of Technip Energies (the “Spin-off”);
any negative changes in Technip Energies’ results of operations, cash flows and financial position, which impact
the value of our remaining investment therein; potential departure of our key managers and employees; adverse
seasonable and weather conditions and unfavorable currency exchange rate and risk in connection with our
defined benefit pension plan commitments and other risks as discussed in Part I, Item 1A, “Risk Factors” of our
Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and Part II, Item 1A, “Risk Factors”
of our Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2021.


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.




Contacts
Investor relations Media relations

Matt Seinsheimer Nicola Cameron
Vice President, Investor Relations Vice President, Corporate Communications
Tel: +1 281 260 3665 Tel: +44 383 742 297
Email: Matt Seinsheimer Email: Nicola Cameron

James Davis Catie Tuley
Senior Manager, Investor Relations Director, Public Relations
Tel: +1 281 260 3665 Tel: +1 281 591 5405
Email: James Davis Email: Catie Tuley




TechnipFMC.com Page 11 of 24
Exhibit 1

TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In millions, except per share data)

(Unaudited)
Three Months Ended Six Months Ended
June 30, March 31, June 30, June 30,
2021 2021 2020 2021 2020


Revenue $ 1,668.8 $ 1,632.0 $ 1,620.2 $ 3,300.8 $ 3,202.8
Costs and expenses 1,636.3 1,630.8 1,737.2 3,267.1 6,561.1
32.5 1.2 (117.0) 33.7 (3,358.3)

Other (expense) income, net 11.8 43.3 (4.6) 55.1 8.6
Income (loss) from investment in Technip
Energies (146.8) 470.1 — 323.3 —

Income (loss) before net interest expense and
income taxes (102.5) 514.6 (121.6) 412.1 (3,349.7)
Net interest expense (35.2) (34.5) (26.6) (69.7) (49.6)
Loss on early extinguishment of debt — (23.5) — (23.5) —

Income (loss) before income taxes (137.7) 456.6 (148.2) 318.9 (3,399.3)
Provision (benefit) for income taxes 34.9 24.5 27.6 59.4 4.4

Income (loss) from continuing operations (172.6) 432.1 (175.8) 259.5 (3,403.7)
Income from continuing operations attributable
to non-controlling interests (2.1) (1.8) (1.8) (3.9) (8.7)
Income (loss) from continuing operations
attributable to TechnipFMC plc (174.7) 430.3 (177.6) 255.6 (3,412.4)

Income (loss) from discontinued operations 7.7 (60.2) 191.1 (52.5) 173.3
Income from discontinued operations attributable
to non-controlling interests — (1.9) (1.8) (1.9) (5.3)
Net income (loss) attributable to TechnipFMC
plc $ (167.0) $ 368.2 $ 11.7 $ 201.2 $ (3,244.4)

Earnings (loss) per share from continuing
operations
Basic and diluted $ (0.39) $ 0.96 $ (0.40) $ 0.57 $ (7.62)
Diluted $ (0.39) $ 0.95 $ (0.40) $ 0.56 $ (7.62)

Earnings (loss) per share from discontinued
operations
Basic and diluted $ 0.02 $ (0.14) $ 0.42 $ (0.12) $ 0.38

Earnings (loss) per share attributable to
TechnipFMC plc
Basic and diluted $ (0.37) $ 0.82 $ 0.03 $ 0.45 $ (7.24)
Diluted $ (0.37) $ 0.81 $ 0.03 $ 0.44 $ (7.24)

Weighted average shares outstanding:
Basic 450.6 449.7 448.3 450.4 447.9
Diluted 450.6 451.1 448.3 454.9 447.9

Cash dividends declared per share $ — $ — $ — $ — $ 0.13



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Exhibit 2

TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES
BUSINESS SEGMENT DATA
(In millions)

(Unaudited)
Three Months Ended Six Months Ended
June 30, March 31, June 30, June 30,
2021 2021 2020 2021 2020
Revenue


Subsea $ 1,394.3 $ 1,386.5 $ 1,378.5 $ 2,780.8 $ 2,631.6
Surface Technologies 274.5 245.5 241.7 520.0 571.2
$ 1,668.8 $ 1,632.0 $ 1,620.2 $ 3,300.8 $ 3,202.8


Income (loss) before income taxes


Segment operating profit (loss)
Subsea $ 72.4 $ 37.0 $ (75.6) $ 109.4 $ (2,826.3)
Surface Technologies 12.9 8.2 (13.4) 21.1 (437.4)
Total segment operating profit (loss) 85.3 45.2 (89.0) 130.5 (3,263.7)


Corporate items
Corporate expense (1) $ (30.3) $ (28.8) $ (16.5) $ (59.1) $ (46.8)
Net interest expense (35.2) (58.0) (26.6) (93.2) (49.6)
Income (loss) from investment in Technip
Energies (146.8) 470.1 — 323.3 —
Foreign exchange gains (losses) (10.7) 28.1 (16.1) 17.4 (39.2)
Total corporate items (223.0) 411.4 (59.2) 188.4 (135.6)


Income (loss) before income taxes (2) $ (137.7) $ 456.6 $ (148.2) $ 318.9 $ (3,399.3)


(1) Corporate expense primarily includes corporate staff expenses, share-based compensation expenses, and other employee
benefits.

(2) Includes amounts attributable to non-controlling interests.




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Exhibit 3

TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES
BUSINESS SEGMENT DATA
(In millions, unaudited)

Three Months Ended Six Months Ended
(1)
Inbound Orders June 30, March 31, June 30, June 30,
2021 2021 2020 2021 2020

Subsea $ 1,291.3 $ 1,518.8 $ 511.7 $ 2,810.1 $ 1,683.8
Surface Technologies 268.2 203.3 187.1 471.5 553.4
Total inbound orders $ 1,559.5 $ 1,722.1 $ 698.8 $ 3,281.6 $ 2,237.2



Order Backlog (2) June 30, 2021 March 31, 2021 June 30, 2020

Subsea $ 6,951.6 $ 6,857.1 $ 7,085.3
Surface Technologies 360.4 364.3 385.9
Total order backlog $ 7,312.0 $ 7,221.4 $ 7,471.2

(1) Inbound orders represent the estimated sales value of confirmed customer orders received during the reporting period.

(2) Order backlog is calculated as the estimated sales value of unfilled, confirmed customer orders at the reporting date.




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Exhibit 4

TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions)

(Unaudited)
June 30, December 31,
2021 2020


Cash and cash equivalents $ 854.9 $ 1,269.2
Trade receivables, net 1,272.3 987.7
Contract assets 928.3 886.8
Inventories, net 1,135.8 1,252.8
Other current assets 932.9 1,323.1
Investment in Technip Energies 760.0 —
Current assets of discontinued operations — 5,725.1
Total current assets 5,884.2 11,444.7

Property, plant and equipment, net 2,712.7 2,756.2
Intangible assets, net 809.7 851.3
Other assets 1,321.3 1,356.9
Non-current assets of discontinued operations — 3,283.5
Total assets $ 10,727.9 $ 19,692.6

Short-term debt and current portion of long-term debt $ 297.7 $ 624.7
Accounts payable, trade 1,307.2 1,201.0
Contract liabilities 833.6 1,046.8
Other current liabilities 1,275.1 1,446.2
Current liabilities of discontinued operations — 6,096.5
Total current liabilities 3,713.6 10,415.2

Long-term debt, less current portion 2,180.2 2,835.5
Other liabilities 1,157.5 1,102.6
Non-current liabilities of discontinued operations — 1,081.3
Redeemable non-controlling interest 47.3 43.7
TechnipFMC plc stockholders’ equity 3,586.4 4,154.2
Non-controlling interests 42.9 40.4
Non-controlling interests of discontinued operations — 19.7
Total liabilities and equity $ 10,727.9 $ 19,692.6




TechnipFMC.com Page 15 of 24
Exhibit 5

TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions, unaudited)

Three Months Ended
June 30, Six Months Ended June 30,
(In millions) 2021 2021 2020
Cash provided (required) by operating activities
Net income (loss) from continuing operations $ (172.6) $ 259.5 $ (3,403.7)
Adjustments to reconcile income (loss) from continuing operations to cash provided (required) by operating activities
Depreciation 74.6 145.7 153.0
Amortization 23.4 47.5 51.1
Impairments 0.8 19.6 3,221.7
Employee benefit plan and share-based compensation costs 5.8 10.5 28.5
Deferred income tax benefit, net 17.9 (14.0) (25.7)
Income (loss) from investment in Technip Energies 146.8 (323.3) —
Unrealized (gain) loss on derivative instruments and foreign exchange 66.9 61.4 (5.2)
Income from equity affiliates, net of dividends received (12.7) (20.4) (35.8)
Loss on early extinguishment of debt — 23.5 —
Other 4.0 3.9 (13.9)
Changes in operating assets and liabilities, net of effects of acquisitions
Trade receivables, net and contract assets (187.9) (353.5) (126.8)
Inventories, net 56.6 122.6 (56.8)
Accounts payable, trade 23.6 108.4 (72.8)
Contract liabilities (74.0) (206.9) 51.3
Income taxes payable (receivable), net 8.3 173.6 4.5
Other current assets and liabilities, net (66.2) 34.5 (181.5)
Other non-current assets and liabilities, net (1.2) 3.0 (3.5)
Cash provided (required) by operating activities from continuing operations (85.9) 95.6 (415.6)
Cash provided by operating activities from discontinued operations — 66.3 349.6
Cash provided (required) by operating activities (85.9) 161.9 (66.0)

Cash provided (required) by investing activities
Capital expenditures (39.7) (83.9) (163.6)
Net proceeds (payments) from sale of debt securities (29.1) (4.9) —
Proceeds from sales of assets 84.3 88.7 25.0
Proceeds from sale of investment in Technip Energies 358.1 458.1 —
Advances paid to BPI (100.0) — —
Proceeds from repayment of advances to joint venture — 12.5 12.5
Other — — 11.2
Cash provided (required) by investing activities from continuing operations 273.6 470.5 (114.9)
Cash required by investing activities from discontinued operations — (4.5) (22.4)
Cash provided (required) by investing activities 273.6 466.0 (137.3)

Cash provided (required) by financing activities
Net increase (decrease) in short-term debt (29.3) (23.1) 24.0
Net decrease in commercial paper (21.2) (974.3) (39.1)
Net decrease in revolving credit facility (200.0) — —
Proceeds from issuance of long-term debt 164.4 1,164.4 163.6
Repayments of long-term debt — (1,065.8) —
Dividends paid — — (59.2)
Payments for debt issuance costs — (53.5) —
Payments related to taxes withheld on share-based compensation (2.4) (2.4) —
Other (0.7) (1.1) (6.4)
Cash provided (required) by financing activities from continuing operations (89.2) (955.8) 82.9
Cash required by financing activities from discontinued operations — (79.1) (327.2)
Cash required by financing activities (89.2) (1,034.9) (244.3)
Effect of changes in foreign exchange rates on cash and cash equivalents 3.6 (7.3) (42.0)
Change in cash and cash equivalents 102.1 (414.3) (489.6)
Cash and cash equivalents, beginning of period 752.8 1,269.2 1,563.1
Cash and cash equivalents, end of period $ 854.9 $ 854.9 $ 1,073.5




TechnipFMC.com Page 16 of 24
Exhibit 6

TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(In millions, unaudited)

Charges and Credits
In addition to financial results determined in accordance with U.S. generally accepted accounting principles (GAAP), the second quarter 2021 Earnings Release also includes non-
GAAP financial measures (as defined in Item 10 of Regulation S-K of the Securities Exchange Act of 1934, as amended) and describes performance on a year-over-year basis against
2020 results and measures. Net income, excluding charges and credits, as well as measures derived from it (including Diluted EPS, excluding charges and credits; Income before net
interest expense and taxes, excluding charges and credits ("Adjusted Operating profit"); Depreciation and amortization, excluding charges and credits; Earnings before net interest
expense, income taxes, depreciation and amortization, excluding charges and credits ("Adjusted EBITDA"); and net cash) are non-GAAP financial measures. Management believes
that the exclusion of charges and credits from these financial measures enables investors and management to more effectively evaluate TechnipFMC's operations and consolidated
results of operations period-over-period, and to identify operating trends that could otherwise be masked or misleading to both investors and management by the excluded items.
These measures are also used by management as performance measures in determining certain incentive compensation. The foregoing non-GAAP financial measures should be
considered by investors in addition to, not as a substitute for or superior to, other measures of financial performance prepared in accordance with GAAP. The following is a
reconciliation of the most comparable financial measures under GAAP to the non-GAAP financial measures.



Three Months Ended
June 30, 2021
Earnings
before net
Income (loss) Income Income (loss) interest
from attributable to before net expense,
continuing non- interest income taxes,
operations controlling expense and depreciation
attributable to interests from income taxes Depreciation and
TechnipFMC continuing Provision for Net interest (Operating and amortization
plc operations income taxes expense profit) amortization (EBITDA)
TechnipFMC plc, as reported $ (174.7) $ 2.1 $ 34.9 $ 35.2 $ (102.5) $ 98.0 $ (4.5)

Charges and (credits):
Impairment and other charges 0.8 — — — 0.8 — 0.8
Restructuring and other charges 1.1 — 0.1 — 1.2 — 1.2
Loss from investment in Technip Energies 146.8 — — — 146.8 — 146.8
Adjusted financial measures $ (26.0) $ 2.1 $ 35.0 $ 35.2 $ 46.3 $ 98.0 $ 144.3


Diluted loss per share from continuing
operations attributable to TechnipFMC plc,
as reported $ (0.39)
Adjusted diluted loss per share from
continuing operations attributable to
TechnipFMC plc $ (0.06)




Three Months Ended
March 31, 2021
Earnings before
net interest
Income (loss) Income Income before expense, income
from continuing attributable to Net interest net interest taxes,
operations non-controlling expense and expense and depreciation
attributable to interests from Provision loss on early income taxes Depreciation and
TechnipFMC continuing (benefit) for extinguishment (Operating and amortization
plc operations income taxes of debt profit) amortization (EBITDA)
TechnipFMC plc, as reported $ 430.3 $ 1.8 $ 24.5 $ 58.0 $ 514.6 $ 95.2 $ 609.8

Charges and (credits):
Impairment and other charges 18.8 — — — 18.8 — 18.8
Restructuring and other charges 6.5 — 0.2 — 6.7 — 6.7
Income from investment in Technip
Energies (470.1) — — — (470.1) — (470.1)
Adjusted financial measures $ (14.5) $ 1.8 $ 24.7 $ 58.0 $ 70.0 $ 95.2 $ 165.2


Diluted earnings per share from continuing
operations attributable to TechnipFMC plc,
as reported $ 0.95
Adjusted diluted loss per share from
continuing operations attributable to
TechnipFMC plc $ (0.03)




TechnipFMC.com Page 17 of 24
Exhibit 6

TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(In millions, unaudited)



Three Months Ended
June 30, 2020

Earnings
before net
Income interest
Loss from attributable to Loss before expense,
continuing non- net interest income taxes,
operations controlling expense and depreciation
attributable to interests from income taxes Depreciation and
TechnipFMC continuing Provision for Net interest (Operating and amortization
plc operations income taxes expense profit) amortization (EBITDA)
TechnipFMC plc, as reported $ (177.6) $ 1.8 $ 27.6 $ 26.6 $ (121.6) $ 95.4 $ (26.2)


Charges and (credits):
Impairment and other charges 53.5 — (19.8) — 33.7 — 33.7
Restructuring and other charges 36.0 — 2.3 — 38.3 — 38.3
Direct COVID-19 expenses 29.7 — 1.9 — 31.6 — 31.6
Valuation allowance (5.2) — 5.2 — — — —
Adjusted financial measures $ (63.6) $ 1.8 $ 17.2 $ 26.6 $ (18.0) $ 95.4 $ 77.4


Diluted loss per share from continuing
operations attributable to TechnipFMC plc, as
reported $ (0.40)
Adjusted diluted loss per share from
continuing operations attributable to
TechnipFMC plc $ (0.14)




TechnipFMC.com Page 18 of 24
Exhibit 7

TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(In millions, unaudited)

Charges and Credits
In addition to financial results determined in accordance with U.S. generally accepted accounting principles (GAAP), the second quarter 2021 Earnings Release also includes non-
GAAP financial measures (as defined in Item 10 of Regulation S-K of the Securities Exchange Act of 1934, as amended) and describes performance on a year-over-year basis against
2020 results and measures. Net income, excluding charges and credits, as well as measures derived from it (including Diluted EPS, excluding charges and credits; Income before net
interest expense and taxes, excluding charges and credits ("Adjusted Operating profit"); Depreciation and amortization, excluding charges and credits; Earnings before net interest
expense, income taxes, depreciation and amortization, excluding charges and credits ("Adjusted EBITDA"); and net cash) are non-GAAP financial measures. Management believes
that the exclusion of charges and credits from these financial measures enables investors and management to more effectively evaluate TechnipFMC's operations and consolidated
results of operations period-over-period, and to identify operating trends that could otherwise be masked or misleading to both investors and management by the excluded items.
These measures are also used by management as performance measures in determining certain incentive compensation. The foregoing non-GAAP financial measures should be
considered by investors in addition to, not as a substitute for or superior to, other measures of financial performance prepared in accordance with GAAP. The following is a
reconciliation of the most comparable financial measures under GAAP to the non-GAAP financial measures.


Six Months Ended
June 30, 2021

Earnings
before net
Income (loss) Income Income (loss) interest
from attributable to before net expense,
continuing non- Net interest interest income taxes,
operations controlling expense and expense and depreciation
attributable to interests from loss on early income taxes Depreciation and
TechnipFMC continuing Provision for extinguishment (Operating and amortization
plc operations income taxes of debt profit) amortization (EBITDA)
TechnipFMC plc, as reported $ 255.6 $ 3.9 $ 59.4 $ 93.2 $ 412.1 $ 193.2 $ 605.3


Charges and (credits):
Impairment and other charges 19.6 — — — 19.6 — 19.6
Restructuring and other charges 7.6 — 0.3 — 7.9 — 7.9
Income from investment in Technip Energies (323.3) — — — (323.3) — (323.3)
Adjusted financial measures $ (40.5) $ 3.9 $ 59.7 $ 93.2 $ 116.3 $ 193.2 $ 309.5


Diluted earnings per share from continuing
operations attributable to TechnipFMC plc, as
reported $ 0.56

Adjusted diluted loss per share from continuing
operations attributable to TechnipFMC plc $ (0.09)




Six Months Ended
June 30, 2020
Earnings
before net
Income interest
Loss from attributable to Loss before expense,
continuing non- net interest income taxes,
operations controlling expense and depreciation
attributable to interests from income taxes Depreciation and
TechnipFMC continuing Provision for Net interest (Operating and amortization
plc operations income taxes expense profit) amortization (EBITDA)
TechnipFMC plc, as reported $ (3,412.4) $ 8.7 $ 4.4 $ 49.6 $ (3,349.7) $ 204.1 $ (3,145.6)


Charges and (credits):
Impairment and other charges 3,213.4 — 8.3 — 3,221.7 — 3,221.7
Restructuring and other charges 40.5 — 3.8 — 44.3 — 44.3
Direct COVID-19 expenses 33.6 — 3.1 — 36.7 — 36.7
Purchase price accounting adjustment 6.5 — 2.0 — 8.5 (8.5) —
Valuation allowance (3.1) — 3.1 — — — —
Adjusted financial measures $ (121.5) $ 8.7 $ 24.7 $ 49.6 $ (38.5) $ 195.6 $ 157.1


Diluted loss per share from continuing operations
attributable to TechnipFMC plc, as reported $ (7.62)
Adjusted diluted loss per share from continuing
operations attributable to TechnipFMC plc $ (0.27)




TechnipFMC.com Page 19 of 24
Exhibit 8

TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(In millions, unaudited)

Three Months Ended
June 30, 2021
Foreign
Surface Corporate Exchange, net
Subsea Technologies Expense and Other Total
Revenue $ 1,394.3 $ 274.5 $ — $ — $ 1,668.8

Operating profit (loss), as reported (pre-tax) $ 72.4 $ 12.9 $ (30.3) $ (157.5) $ (102.5)

Charges and (credits):
Impairment and other charges 0.6 0.2 — — 0.8
Restructuring and other charges 0.4 0.8 — — 1.2
Loss from investment in Technip Energies — — — 146.8 146.8
Subtotal 1.0 1.0 — 146.8 148.8

Adjusted Operating profit (loss) 73.4 13.9 (30.3) (10.7) 46.3

Depreciation and amortization 80.7 16.3 1.0 — 98.0

Adjusted EBITDA $ 154.1 $ 30.2 $ (29.3) $ (10.7) $ 144.3

Operating profit margin, as reported 5.2% 4.7% -6.1%

Adjusted Operating profit margin 5.3% 5.1% 2.8%

Adjusted EBITDA margin 11.1% 11.0% 8.6%




Three Months Ended
March 31, 2021
Foreign
Surface Corporate Exchange, net
Subsea Technologies Expense and Other Total
Revenue $ 1,386.5 $ 245.5 $ — $ — $ 1,632.0

Operating profit (loss), as reported (pre-tax) $ 37.0 $ 8.2 $ (28.8) $ 498.2 $ 514.6

Charges and (credits):
Impairment and other charges 15.7 0.1 3.0 — 18.8
Restructuring and other charges 4.0 2.7 — — 6.7
Income from investment in Technip Energies — — — (470.1) (470.1)
Subtotal 19.7 2.8 3.0 (470.1) (444.6)

Adjusted Operating profit (loss) 56.7 11.0 (25.8) 28.1 70.0

Depreciation and amortization 78.4 15.9 0.9 — 95.2

Adjusted EBITDA $ 135.1 $ 26.9 $ (24.9) $ 28.1 $ 165.2

Operating profit margin, as reported 2.7% 3.3% 31.5%

Adjusted Operating profit margin 4.1% 4.5% 4.3%

Adjusted EBITDA margin 9.7% 11.0% 10.1%




TechnipFMC.com Page 20 of 24
Exhibit 8

TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(In millions, unaudited)


Three Months Ended
June 30, 2020
Surface Corporate Foreign
Subsea Technologies Expense Exchange, net Total
Revenue $ 1,378.5 $ 241.7 $ — $ — $ 1,620.2

Operating profit (loss), as reported (pre-tax) $ (75.6) $ (13.4) $ (16.5) $ (16.1) $ (121.6)

Charges and (credits):
Impairment and other charges 32.5 1.2 — — 33.7
Restructuring and other charges 35.9 1.3 1.1 — 38.3
Direct COVID-19 expenses 27.4 4.2 — — 31.6
Subtotal 95.8 6.7 1.1 — 103.6

Adjusted Operating profit (loss) 20.2 (6.7) (15.4) (16.1) (18.0)

Depreciation and amortization 79.4 15.0 1.0 — 95.4

Adjusted EBITDA $ 99.6 $ 8.3 $ (14.4) $ (16.1) $ 77.4

Operating profit margin, as reported -5.5% -5.5% -7.5%

Adjusted Operating profit margin 1.5% -2.8% -1.1%

Adjusted EBITDA margin 7.2% 3.4% 4.8%




TechnipFMC.com Page 21 of 24
Exhibit 9

TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(In millions, unaudited)


Six Months Ended
June 30, 2021
Foreign
Exchange,
Surface Corporate net and
Subsea Technologies Expense Other Total
Revenue $ 2,780.8 $ 520.0 $ — $ — $ 3,300.8

Operating profit (loss), as reported (pre-tax) $ 109.4 $ 21.1 $ (59.1) $ 340.7 $ 412.1

Charges and (credits):
Impairment and other charges 16.3 0.3 3.0 — 19.6
Restructuring and other charges 4.4 3.5 — — 7.9
Income from investment in Technip Energies — — — (323.3) (323.3)
Subtotal 20.7 3.8 3.0 (323.3) (295.8)

Adjusted Operating profit (loss) 130.1 24.9 (56.1) 17.4 116.3

Depreciation and amortization 159.1 32.2 1.9 — 193.2

Adjusted EBITDA $ 289.2 $ 57.1 $ (54.2) $ 17.4 $ 309.5

Operating profit margin, as reported 3.9% 4.1% 12.5%

Adjusted Operating profit margin 4.7% 4.8% 3.5%

Adjusted EBITDA margin 10.4% 11.0% 9.4%




Six Months Ended
June 30, 2020
Foreign
Surface Corporate Exchange,
Subsea Technologies Expense net Total
Revenue $ 2,631.6 $ 571.2 $ — $ — $ 3,202.8

Operating loss, as reported (pre-tax) $ (2,826.3) $ (437.4) $ (46.8) $ (39.2) $ (3,349.7)

Charges and (credits):
Impairment and other charges 2,809.0 412.7 — — 3,221.7
Restructuring and other charges 29.0 13.1 2.2 — 44.3
Direct COVID-19 expenses 31.4 5.3 — — 36.7
Purchase price accounting adjustment 8.5 — — — 8.5
Subtotal 2,877.9 431.1 2.2 — 3,311.2

Adjusted Operating profit (loss) 51.6 (6.3) (44.6) (39.2) (38.5)

Adjusted Depreciation and amortization 152.8 39.1 3.7 — 195.6

Adjusted EBITDA $ 204.4 $ 32.8 $ (40.9) $ (39.2) $ 157.1

Operating profit margin, as reported -107.4% -76.6% -104.6%

Adjusted Operating profit margin 2.0% -1.1% -1.2%

Adjusted EBITDA margin 7.8% 5.7% 4.9%




TechnipFMC.com Page 22 of 24
Exhibit 10

TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(In millions, unaudited)

June 30, December 31,
2021 2020
Cash and cash equivalents $ 854.9 $ 1,269.2
Short-term debt and current portion of long-term debt (297.7) (624.7)
Long-term debt, less current portion (2,180.2) (2,835.5)
Net debt $ (1,623.0) $ (2,191.0)

Net (debt) cash, is a non-GAAP financial measure reflecting cash and cash equivalents, net of debt. Management uses this non-
GAAP financial measure to evaluate our capital structure and financial leverage. We believe net debt, or net cash, is a
meaningful financial measure that may assist investors in understanding our financial condition and recognizing underlying
trends in our capital structure. Net (debt) cash should not be considered an alternative to, or more meaningful than, cash and
cash equivalents as determined in accordance with U.S. GAAP or as an indicator of our operating performance or liquidity.




TechnipFMC.com Page 23 of 24
Exhibit 11

TECHNIPFMC PLC AND CONSOLIDATED SUBSIDIARIES
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(In millions, unaudited)


Three Months Ended
June 30, Six Months Ended June 30,
2021 2021 2020
Cash provided (required) by operating activities from continuing
operations $ (85.9) $ 95.6 $ (415.6)
Capital expenditures (39.7) (83.9) (163.6)
Free cash flow (deficit) from continuing operations $ (125.6) $ 11.7 $ (579.2)

Free cash flow (deficit) from continuing operations, is a non-GAAP financial measure and is defined as cash provided by
operating activities less capital expenditures. Management uses this non-GAAP financial measure to evaluate our financial
condition. We believe from continuing operations, free cash flow (deficit) from continuing operations is a meaningful financial
measure that may assist investors in understanding our financial condition and results of operations.




TechnipFMC.com Page 24 of 24