TechnipFMC plc (FTI) Piper Sandler twenty sixth Annual Power Convention 2026 March 17, 2026 1:00 PM EDT
Firm Contributors
Douglas Pferdehirt – CEO & Government Chairman
Convention Name Contributors
Derek Podhaizer – Piper Sandler & Co., Analysis Division
Presentation
Derek Podhaizer
Piper Sandler & Co., Analysis Division
All proper. Good morning, everyone. We will maintain this factor going. My title is Derek Podhaizer. I am senior analyst overlaying Oilfield Providers right here at Piper Sandler. So up on stage with me subsequent, we’ve CEO, Doug Pferdehirt of TechnipFMC, ticker FTI. We will be discussing the offshore manufacturing cycle with Doug.
Query-and-Reply Session
Derek Podhaizer
Piper Sandler & Co., Analysis Division
So look, Doug, I all the time wish to — I all the time like once you kick off these — any fireplace chats round framing the way you structurally modified the panorama of offshore improvement. You talked about returning certainty to the market and the corporate’s relentless produce — sorry, relentless pursuit of decreasing cycle occasions and growing undertaking economics. Might you present your feedback to the viewers on how FTI is main these efforts?
Douglas Pferdehirt
CEO & Government Chairman
Positive. Initially, Derek, thanks for having us right here, taking part within the convention. Because of everyone in attendance and to people who are on webcast to your curiosity in our firm. We deeply respect it.
So look, a decade in the past, we appeared on the economics in offshore and realized they had been not sustainable. Initiatives had been being — the undertaking returns had been deteriorating as a result of poor efficiency of the offshore undertaking. Initiatives had been being delivered a yr late. Initiatives had been being delivered 100% above the budgetary price, simply vital time and value overruns. And this was considerably the norm and really accepted by our purchasers. However we checked out it because the offshore firm and realized this was not sustainable.
