The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Ati Modak - Goldman Sachs & Company, Inc. - Analyst
: <_ALACRA_META_ABSTRACT>I appreciate that. Doug, maybe we start high level. If you can spend a few minutes talking about your view of the macro, how that's
playing out, and maybe how you see your business feeding into that macro from that perspective.
Question: Ati Modak - Goldman Sachs & Company, Inc. - Analyst
: Doug, you've also gone through -- over a longer period of time, there's been a business model change, and you've gone through a
few changes in how you price customers and how you think about the whole equation. Maybe if you can help us understand what
that change has been, where you are today, where you see that evolving over time.
Question: Ati Modak - Goldman Sachs & Company, Inc. - Analyst
: Maybe we can go through each one of them. Maybe the technology side, you spend a lot of time talking about Subsea 2.0 configure
to order, how that improves your time efficiency? If you can talk about why that efficiency is important, what that is doing to your
direct orders, and how that has stood out against what the industry practice has been.
Question: Ati Modak - Goldman Sachs & Company, Inc. - Analyst
: In terms of the other technologies, if you can spend a couple of minutes on the all-electric option, what are you seeing there. You
have a pilot project I think you are working on with BP, any kind of color there and how you think about that part of the business.
Question: Ati Modak - Goldman Sachs & Company, Inc. - Analyst
: Doug, as you think about the opportunities in '25, both in terms of inbounds and what might be incremental to those inbounds,
what does the market look like in terms of what customers are talking to you about?
Question: Ati Modak - Goldman Sachs & Company, Inc. - Analyst
: That's very helpful. So Doug, you've mentioned that you've got visibility on orders for multiple years effectively. If you think about
the backlog that you already have, it sounds like the backlog that's about to convert from here on is potentially higher margins
because there's more higher margin orders in there. Can you talk about that and what that does to your margin profile, where do
you want to get in terms of margin on a normalized basis longer term?
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
JANUARY 07, 2025 / 6:40PM, FTI.N - TechnipFMC PLC at Goldman Sachs Energy, CleanTech & Utilities
Conference
Question: Ati Modak - Goldman Sachs & Company, Inc. - Analyst
: Got it. Doug, in terms of capital allocation priorities, how are you thinking about free cash flow generation, CapEx? And then between
dividends, buybacks, M&A opportunities, how do you think about the moving pieces there?
Question: Ati Modak - Goldman Sachs & Company, Inc. - Analyst
: So what are the things that you keep an eye on as you think about the business going forward that could be potential causes of
concern that you're constantly trying to stay up to date on? What are those kinds of things? And how do you think about managing
the business through those?
Question: Ati Modak - Goldman Sachs & Company, Inc. - Analyst
: Managing the business through those potential concerns?
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
JANUARY 07, 2025 / 6:40PM, FTI.N - TechnipFMC PLC at Goldman Sachs Energy, CleanTech & Utilities
Conference
Question: Ati Modak - Goldman Sachs & Company, Inc. - Analyst
: Well, Doug, that's all the time we had. So thank you so much for taking the time. Appreciate all the -- appreciate the conversation.
REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us
consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies.
JANUARY 07, 2025 / 6:40PM, FTI.N - TechnipFMC PLC at Goldman Sachs Energy, CleanTech & Utilities
Conference
|
