TechnipFMC plc (FTI) Goldman Sachs Energy, CleanTech & Utilities Conference January 6, 2026 1:40 PM EST

Company Participants

Douglas Pferdehirt - CEO & Executive Chairman

Conference Call Participants

Ati Modak - Goldman Sachs Group, Inc., Research Division

Presentation

Ati Modak Goldman Sachs Group, Inc., Research Division

All right. Good afternoon, everyone. Thank you for joining us today. We’ve got Doug Pferdehirt, CEO at TechnipFMC with us. Doug, thank you for taking the time.

Doug, the first question I wanted to ask is, FTI has been the poster child of services for all of last year. Stock has done really well. The multiple has rerated. There were some order concerns halfway through the year. Those order concerns have largely gone away. As you think about ’26, as you think about the messaging for investors, what is the strategic focus point for you? And what would you want to highlight?

Question-and-Answer Session

Douglas Pferdehirt CEO & Executive Chairman

Sure. So first of all, thank you for having us at the conference. Thank you to Goldman Sachs, and thanks to everybody here in the audience as well as thanks for those that are joining via the webcast.

Look, very proud of the accomplishments in ’25. I mean we’re not publicly reporting yet, but clearly, ’25 shaped up to be a very good year. Proud of the 22,000 women and men who delivered those results and continue to deliver those results. We’ve already gone out with guidance for 2026. We did that back in October, demonstrating in our subsea business, further growth in revenue as well as EBITDA margin and therefore, a compounding growth to EBITDA dollars. So a high level of confidence again in 2026, something that we remain very proud of and very confident in.

Look, this is a company that had