TechnipFMC PLC at Goldman Sachs Energy, CleanTech & Utilities Conference Summary

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

Question: Ati Modak - Goldman Sachs Group Inc - Analyst : <_ALACRA_META_ABSTRACT>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: Ati Modak - Goldman Sachs Group Inc - Analyst : Doug, this is something that we were talking about last night as well. I want to ask you on FTI, the stock has done so well, everyone, the most important or most topical inbound for us is stock has done really well. Offshore activity might be picking up in the second half of the year and into '27 really. So the rate of change in some of the higher beta offshore service names might be higher. LSEG STREETEVENTS | www.lseg.com | Contact Us consent of LSEG. 'LSEG' and the LSEG logo are registered trademarks of LSEG and its affiliated companies. JANUARY 06, 2026 / 6:40PM, FTI.N - TechnipFMC PLC at Goldman Sachs Energy, CleanTech & Utilities Conference But we were talking about this yesterday. Do you want to talk about that dynamic? What would be your pushback to them as you think about the relative positioning?

Question: Ati Modak - Goldman Sachs Group Inc - Analyst : Doug, you've previously spoken about offshore economics improving quite a bit over the years. You've played an important role there in terms of the efficiencies that customers are getting. Are you a little surprised looking at how resilient US production has been? Is there anything that you would want to highlight there, maybe your timeline lag because that's what we're hearing from some investors or some companies as well? And how do you think that changes? Or does that impact the way you think about the economics, relative economics at all?

Question: Ati Modak - Goldman Sachs Group Inc - Analyst : You have a strong position in Guyana in Brazil. Do you want to talk about the region-specific outlook that you're seeing? Anything that you would like to highlight from a frontier region that could be new people are not talking about and just regional color in general?

Question: Ati Modak - Goldman Sachs Group Inc - Analyst : Doug, on Brazil, in particular, we've been hearing some inbounds and concerns around maybe the longer-dated activity levels are under question, under review because of budget constraints. There were some news on platform support vessels being retendered. Is there anything that could potentially spill over? Are you hearing anything that would impact the way we think about Brazil today?

Question: Ati Modak - Goldman Sachs Group Inc - Analyst : Specifically, yeah.

Question: Ati Modak - Goldman Sachs Group Inc - Analyst : Nothing to highlight there?

Question: Ati Modak - Goldman Sachs Group Inc - Analyst : Cycle time reduction has been a very important focus area for you. You've talked about how that works with Subsea 2.0 as well. How far are we there? Like how much more do you think we can do in terms of the industry level? And how do you think about your role there? LSEG STREETEVENTS | www.lseg.com | Contact Us consent of LSEG. 'LSEG' and the LSEG logo are registered trademarks of LSEG and its affiliated companies. JANUARY 06, 2026 / 6:40PM, FTI.N - TechnipFMC PLC at Goldman Sachs Energy, CleanTech & Utilities Conference

Question: Ati Modak - Goldman Sachs Group Inc - Analyst : Doug, from that perspective alone, as you think about the other components, the order number that you've been talking about at $10 billion for '26, for instance, in the last few years, is there a way to think that, that that $10 billion number as a result of what you just said is very sustainable? Or is there a little bit more upside to that? How should we think about the order impact as you go beyond just the tree?

Question: Ati Modak - Goldman Sachs Group Inc - Analyst : Okay. On the margin side, Doug, I think throughout the year, we've spoken about various components that could add to the margins, whether it is increasing revenue contribution from Subsea 2.0 or there's internal optimization. Do you want to talk about what those components are, how we should think about margin expansion in general?

Question: Ati Modak - Goldman Sachs Group Inc - Analyst : Doug, would you add anything incremental on the Subsea 2.0 adoption rate? I know that it's been increasing, and you've talked about the mix in orders versus mix in revenue. But are you seeing further adoption to the point where you could get to 100? Where are we today?

Question: Ati Modak - Goldman Sachs Group Inc - Analyst : That's very helpful, Doug. As we think about the $10 billion orders for '26, is there anything you can talk about in terms of the mix? I want to get to the Life of Field services as well because the service aspect also has unique growth drivers there, but maybe we start with the mix, if there's anything you can provide.

Question: Ati Modak - Goldman Sachs Group Inc - Analyst : On the services side alone, I know we were talking about this yesterday as well is that there's a lot of organic growth because of the installed base. Can you give us a sense of what that organic growth looks like over the next several years as you think about beyond the decade because you still have orders coming through? And is there a reason, opportunity to do anything inorganic on that side of the services element alone? LSEG STREETEVENTS | www.lseg.com | Contact Us consent of LSEG. 'LSEG' and the LSEG logo are registered trademarks of LSEG and its affiliated companies. JANUARY 06, 2026 / 6:40PM, FTI.N - TechnipFMC PLC at Goldman Sachs Energy, CleanTech & Utilities Conference

Question: Ati Modak - Goldman Sachs Group Inc - Analyst : Doug, can you talk about the opportunities, both on the electric subsea infrastructure that we've spoken about before? I'm sure there's companies that are still adopting, still trying to figure out what that opportunity set could look like. So would love to hear there. And then you've previously spoken about brownfield opportunities, the tiebacks that could basically increase the size of the footprint, the area, hugely cost efficient and breakevens for offshore gets impacted by that. Can you talk about what you're seeing on those two fronts?

Question: Ati Modak - Goldman Sachs Group Inc - Analyst : Doug, do you want to talk about your capital allocation priorities? How should we think about free cash flow, the use of CapEx, the use of cash? You're obviously building cash on the balance sheet, M&A outlook.

Question: Ati Modak - Goldman Sachs Group Inc - Analyst : Great. Doug, thank you so much for taking the time. Very helpful information.