TechnipFMC PLC Q1 2019 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Rob Pulleyn - Morgan Stanley, Research Division - Analyst : A question to Doug, please, picking up on return on capital point that you made in the prepared remarks. Can we think about a little bit, the capital intensity of the recovery from TechnipFMC side given obviously the strength in order intake? We know the emphasis on capital discipline, but ultimately, the question is how much leverage can your returns have? Or do you really need to refresh the asset base anytime soon? I think that would help understanding quite where return on capital can go as the cycle leads up.

Question: Rob Pulleyn - Morgan Stanley, Research Division - Analyst : And if I can just follow-up on the same theme, you mentioned many of awards in Subsea are filling out utilization for 2020 and I understand that 2021 and maybe even beyond are also filling. Could you maybe talk a little bit to how you're load out, if that's the right way to think about it for both the equipment and the vessel side is looking for these outer years as we stand today?