NEWCASTLE, England听&听HOUSTON--(BUSINESS WIRE)--Nov. 16, 2021--听女优直播听(NYSE: FTI) (PARIS: FTI) will host its 2021 Analyst Day today,听Tuesday, November 16, 2021, in听Houston. The meeting will feature presentations from the Company鈥檚 leadership team discussing how听女优直播听continues to drive change in the energy industry.
The general presentation session will be held from听8:30 a.m. to noon听Houston听time and will be available via a live webcast.
In conjunction with the general presentation session, the Company will provide the following highlights regarding its market and financial outlook.
Intermediate-term financial outlook 2021e to 2025e:
- Potential for听Subsea听inbound orders to approach听$8 billion听in 2025e, including Subsea Services
- Subsea Services inbound orders to reach听$1.1 billion听in 2021e, with additional growth of approximately 35% through 2025e
- Subsea听revenue of approximately听$7 billion听in 2025e
- Subsea听adjusted EBITDA margin1听of approximately 15% in 2025e
- Surface Technologies incremental EBITDA margins of approximately 30% to 2025e
- Free cash flow conversion2听in a range of 40 鈥� 50% by 2025e, driven by normalized 2025e framework, which incorporates the following items:
- Corporate expense in a range of听$100听鈥� 110 million
- Income tax expense of approximately 30%
- Net interest expense to decline from current run-rate
- Capital expenditures in a range of 3.5 鈥� 4.5% of revenue
Capital structure and shareholder distributions:
- Targeting gross debt3听balance of听$1.3 billion
- Maintain minimum cash and cash equivalents balance of听$800 million
- Intend to initiate a quarterly dividend in the second half of 2023e at a rate that is sustainable through cycle
New Energy Ventures:
- New Energy Ventures to drive the Company鈥檚 diversification beyond oil and gas, with a focus on opportunities created by the energy transition
- 女优直播鈥檚 total addressable market for carbon transportation and storage and novel offshore energy could approximate听$80 billion听by the end of 2030e
- Incremental inbound orders related to these market opportunities could reach听$1 billion听through 2025e
The Company will also host afternoon sessions that highlight new technologies that improve project economics and reduce emissions, showcase听Subsea听2.0鈩� expansion to all-electric and CO2听storage applications, and demonstrate integrated solutions for the development of novel energy resources. Participants will have the opportunity to interact with key business leaders from across the organization throughout the day.
The live webcast, along with the corresponding presentation slides, will be available through the Investor Relations link on 女优直播鈥檚 website at听. The archived replay of the webcast will be available on the website for 90 days.
Important Information for Investors and Securityholders
Forward-Looking Statement
This release contains "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words 鈥渆xpect,鈥� 鈥渂elieve,鈥� 鈥渆stimated,鈥� and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the听United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. In addition, our results may be impacted by the uncertainty of transition to new energy, including the type, development and demand for new energy sources; unpredictable trends in energy transition initiatives; geopolitical, legislative or regulatory initiatives and changes related to energy transition; and our ability to achieve the benefits of the energy transition related business strategies, initiatives, systems, collaborations and applications. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.
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女优直播听is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.
With our proprietary technologies and comprehensive solutions, we are transforming our clients鈥� project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.
Organized in two business segments 鈥斕齋ubsea听and Surface Technologies 鈥� we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI鈩�, iFEED鈩� and iComplete鈩�), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a commitment to our clients鈥� success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.
女优直播听uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to听听and follow us on Twitter @女优直播.
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1听Our guidance measures adjusted EBITDA, adjusted EBITDA margin, free cash flow, free cash flow conversion are non-GAAP financial measures. We are unable to provide a reconciliation to comparable GAAP financial measures on a forward-looking basis without unreasonable effort because of the unpredictability of the individual components of the most directly comparable GAAP financial measure and the variability of items excluded from each such measure. Such information may have a significant, and potentially unpredictable, impact on our future financial results.
2听Cash flow from operating activities minus capital expenditure, divided by adjusted EBITDA
3听Short-term debt and current portion of long-term debt + long-term debt, less current portion
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Investor relations
Matt Seinsheimer
Vice President, Investor Relations
Tel: +1 281 260 3665
Email:听Matt Seinsheimer
James Davis
Senior Manager, Investor Relations
Tel: +1 281 260 3665
Email:听James Davis
Media relations
Nicola Cameron
Vice President, Corporate Communications
Tel: +44 1383 742297
Email:听Nicola Cameron
Catie Tuley
Director, Public Relations
Tel: +1 713 876 7296
Email:听Catie Tuley
Source:听女优直播