Page 1

TechnipFMC 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 , 2021 2021 Jun . 30 , 2020 Sequential Year - over- 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 Adjusted income ( loss ) Adjusted diluted earnings ( loss ) per share 8.6 % 10.1 % $ ( 26.0 ) $ ( 14.5 ) $ ( 0.06 ) $ ( 0.03 ) 4.8 % $ ( 63.6 ) $ ( 0.14 ) n / m ( 150 bps ) 380 bps n / m n / m n / m Inbound orders Backlog $ 1,559.5 $ 1,722.1 $ 698.8 ( 9.4 % ) $ 7,312.0 $ 7,221.4 $ 7,471.2 1.3 % 123.2 % ( 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 . TechnipFMC.com Page 1 of 24