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FMC Technologies Overview Fourth Quarter 2016 Director, Investor Relations Matt Seinsheimer +1 281.260.3665 [email protected]

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FMC Technologies Overview

Fourth Quarter 2016

Director, Investor Relations

Matt Seinsheimer

+1 281.260.3665

[email protected]

1

This presentation contains “forward-looking statements” intended to qualify for the safe harbors from liability established by

the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained in this

report are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended

(the “Exchange Act”). Forward-looking statements usually relate to future events and anticipated revenues, earnings, cash

flows or other aspects of our operations or operating results. Forward-looking statements are often identified by the words

“believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could,” “may,” “estimate,” “outlook” and similar

expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are

not forward-looking. These forward-looking statements are based on our current expectations, beliefs and assumptions

concerning future developments and business conditions and their potential effect on us. While management believes that

these forward-looking statements are reasonable as and when made, there can be no assurance that future developments

affecting us will be those that we anticipate.

All of our forward-looking statements involve risks and uncertainties (some of which are significant or beyond our control) and

assumptions that could cause actual results to differ materially from our historical experience and our present expectations or

projections. Known material factors that could cause actual results to differ materially from those contemplated in forward-

looking statements include those described in Part I, Item 1A “Risk Factors” of our Annual Report on Form 10-K and in our

Quarterly Reports on Form 10-Q. We wish to 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.

2

* As of September 30, 2016.

An oilfield services and equipment company

• $6.4 billion revenue in 2015

• Approximately 14,500

employees worldwide*

• 29 major production facilities

and services bases in

18 countries

3

$6.4B Revenue in 2015 from three segments

6% 23%

71%

Energy Infrastructure

Surface Technologies

Subsea Technologies

Surface International

Fluid Control

Surface Integrated Services

Measurement Solutions

Loading Systems

Separation Systems

Subsea Systems

Multi Phase Meters

Schilling Robotics

4

$0

$2

$4

$6

$8

2011 2012 2013 2014 2015

$B Backlog

$4.9 $5.4

$6.6 $7.0

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

2011 2012 2013 2014 2015

$856

$0

$2

$4

$6

$8

$10

2011 2012 2013 2014 2015

$6.4

Annual financial results

$B $M Operating Profit*

$619

$874 $772

Revenue

$7.1

$6.2

$0

$2

$4

$6

$8

$10

2011 2012 2013 2014 2015

$B Orders

$6.7 $6.0

$8.1

$9.1

$5.1

$4.8 $4.4

$7.9 $1,199

Energy Infrastructure

Surface Technologies

Subsea Technologies

*Excludes charges and gains

Refer to Appendix A for non-GAAP to GAAP reconciliations

5

$0

$2

$4

$6

$8

3Q15 4Q15 1Q16 2Q16 3Q16

$B Backlog

$5.0

$4.4

$3.4 $4.0

$0

$50

$100

$150

$200

$250

$300

3Q15 4Q15 1Q16 2Q16 3Q16

$125

$0.0

$0.5

$1.0

$1.5

$2.0

$2.5

3Q15 4Q15 1Q16 2Q16 3Q16

$1.1

Quarterly financial results

$B $M Operating Profit*

$231

$124

$170

Revenue

$1.2

$1.4

$0.0

$0.5

$1.0

$1.5

$2.0

3Q15 4Q15 1Q16 2Q16 3Q16

$B Orders

$0.8

$1.5

$0.5 $0.7

$1.5

$0.7 $3.0

$1.2 $111

Energy Infrastructure

Surface Technologies

Subsea Technologies

*Excludes charges and gains

Refer to Appendix B for non-GAAP to GAAP reconciliations

6

Subsea Technologies is 71% of revenue

FMC Technologies 2015 Revenue

All Other

Segments

Subsea

Technologies

7

Our primary focus is on Subsea Systems

Complexity and value per well increasing

Market share

Sources: Douglas-Westwood, Quest Offshore Resources, Inc.

Revenue (2011 – 2015)

Tree units (2011 – 2015)

GE

11%

Aker

19%

Cameron

22%

FMCTI

41%

GE

17%

Aker

18%

Cameron

24%

FMCTI

39% Dril-Quip

2%

Orders (2011 – 2015)

GE

10%

Aker

22%

Cameron

21%

FMCTI

41%

Total Market $57.6B

Total Market 1,669 Total Market $53.0B

Dril-Quip

6%

Dril-Quip

7%

8

Subsea Market Forecast Quest Offshore Resources

229

126

78 6959 52 51 41 30 30

0

100

200

300

Future tree awards (2016* - 2020)

Over half of the next 5 years’ awards from customers with strong FMCTI relationships.

Source: Estimates from Wood Mackenzie, November 2016

*Does not include trees awarded during the first, second, and third quarter of 2016.

9

Subsea Market Overview Quest Offshore Resources

Tree awards

452 434

319373

311

416

553

236

154

80

185

300 314

380

50

150

250

350

450

550

650

Source: Estimates from Wood Mackenzie, November 2016

2016 – 0

2017 – 13

2018 – 75

2019 – 77

2020 – 95

10

Partners

Deepwater Remains a Critical Source of Future Hydrocarbons

Source: Rystad Energy Supply Study; October 2016

36 Million Barrels / Day of Incremental

Production Required

Source: Rystad Energy Supply Study, FMC Technologies; October 2016

The Deepwater Opportunity

MMb/d MMb/d

11

0

100

200

300

400

500

Today's Costs Costs (-20%)

$20-40 $40-60 $60-80 $80-100 > $100

Improving Deepwater Project Economics

• More than 400 deepwater

discoveries have yet to be

developed

• Early innings for deepwater cost

reductions

• Standardization, technology and

strong project execution can

deliver sustainable savings

• Integrated business model can

reduce costs of SPS/SURF

scope

Source: Quest Subsea Database, Rystad

410 Projects

+40% to 60%

12

Technology leadership Strong subsea track record

2001 2006

2005

2010

2009

Jul 2014

Feb 2014

EVXT provided for

BP on Thunderhorse

project

Installation of our

EVXT on Chevron’s

Blind Faith project

Worked with Petrobras

to install Vertical Tree

Systems

Introduced industry

first HC-20 Subsea

Wellhead

Shell announced it

would implement FMC

15K EVDT in GOM

First oil from Shell’s

15K EVDT in GOM

FMC 20K, 350° subsea

system agreement with

Anadarko, BP,

ConocoPhillips, and Shell

13

Subsea manufacturing facility Subsea service base Subsea technology center

Capabilities in all major deepwater basins

• 6 Subsea Technologies Manufacturing Facilities

• 14 Subsea Technologies Customer Support Bases

2015 Subsea Technologies Revenue: $4.5B

Norway

Scotland

Nigeria

Angola

Australia

Brazil

Houston

Malaysia

Singapore

Ivory Coast Ghana

Congo

Newfoundland

Asia-Pacific

South America

North America

Africa

Europe

14

Standard Subsea Equipment for 20,000 psi 350F JDA

Enhanced

Vertical

Deepwater Tree

(EVDT) System

HC-20 Wellhead

(20K psi High

Capacity)

High Integrity

Pipeline Protection

System (HIPPS)

Subsea Distribution

Controls Well Jumper

Partners Equipment Scope

15

Expanding our subsea solutions scope

Core products

• Trees

• Manifolds

• Control systems

• Template systems

• Flowline

connection

systems

New products

• Subsea processing

− Separation

− Boosting

− Gas compression

• Well Intervention Services

• Remotely Operated

Vehicles (“ROVs”) and

ROV manipulator systems

16

Subsea Services Platforms

Organizing Execution and Growth Engines for Success

FMCTI Subsea Service Platforms

Installation

Subsea

Drilling

Systems

Asset

Management

Production

Optimization Field IMR Well Services

Optimize Uptime

Optimize Flowrate

17

Stimulation

cycle

Current offering

Flowback

Future offering

• Separators

• Choke manifold

• Flowline

• Well service pumps

• Frac Trees

Stimulation

• Articulating frac

arm manifold

Water processing

• Advanced separation

Shale Opportunities Growth

18

Acquiring key enabling technologies

Separation Systems Compact in-line primary separation

Schilling Robotics ROVs, manipulator systems, controls

Direct Drive Systems Technology High power, compact permanent magnet motors, magnetic bearings

Multi Phase Meters Multiphase flow meters

Automation and Control Control and automation system solutions

Completion Services Flowback services

19

An oilfield service & equipment company with…

Looking Forward

High degree of

deepwater/subsea

capabilities

40% subsea tree

unit market share

Strong customer

alliances

8 subsea

processing awards

Growth

opportunities are

available

Uphold position as

market leader

Basis for repeat

business and

innovation

Continue to be

industry technology

leader

20

www.fmctechnologies.com

21

Appendix A

Subsea

Technologies

Surface

Technologies

Energy

Infrastructure

Subsea

Technologies

Surface

Technologies

Energy

Infrastructure

Subsea

Technologies

Surface

Technologies

Energy

Infrastructure

Subsea

Technologies

Surface

Technologies

Energy

Infrastructure

Subsea

Technologies

Surface

Technologies

Energy

Infrastructure

(pre-tax)

Segment operating profit (loss), excluding charges $ 679.9 $ 175.4 $ 19.1 $ 753.1 $ 393.0 $ 52.5 $ 524.9 $ 257.2 $ 74.3 $ 419.0 $ 284.3 $ 68.2 $ 306.0 $ 250.1 $ 63.2

Impairment and other charges (5.1) (61.4) - - - - - - - - - - - - -

Restructuring and other severance charges (44.6) (12.3) (8.5) (4.9) - - - - - - - - - - -

Inventory write-downs - (41.1) (7.4) - - - - - - - - - - - -

Angolan tax adjustment - - - - - - 23.3 - - - - - - - -

Schilling Robotics acquisition - - - - - - - - - 13.2 - - - - -

Segment operating profit (loss), as reported $ 630.2 $ 60.6 $ 3.2 $ 748.2 $ 393.0 $ 52.5 $ 548.2 $ 257.2 $ 74.3 $ 432.2 $ 284.3 $ 68.2 $ 306.0 $ 250.1 $ 63.2

FMC TECHNOLOGIES, INC. AND CONSOLIDATED SUBSIDIARIES

RECONCILIATION OF NON-GAAP TO GAAP FINANCIAL MEASURES

(In millions, unaudited)

Twelve Months Ended

2015 2014 2013 2012 2011

22

Appendix B

Subsea

Technologies

Surface

Technologies

Energy

Infrastructure

Subsea

Technologies

Surface

Technologies

Energy

Infrastructure

Subsea

Technologies

Surface

Technologies

Energy

Infrastructure

Subsea

Technologies

Surface

Technologies

Energy

Infrastructure

Subsea

Technologies

Surface

Technologies

Energy

Infrastructure

(pre-tax)

Segment operating profit (loss), excluding charges $ 125.1 $ (5.2) $ 3.7 $ 120.2 $ (17.2) $ 7.8 $ 113.2 $ 13.2 $ (1.2) $ 131.8 $ 32.1 $ 6.5 $ 188.0 $ 41.9 $ 1.4

Impairment and other charges (0.5) (0.5) - (2.2) (0.6) - (0.1) (35.6) - (2.6) 0.4 - (2.1) (58.0) -

Restructuring and other severance charges (4.9) (13.9) (1.2) (20.8) (3.9) - (3.6) (4.0) (2.1) (21.9) (3.5) (3.8) (15.2) (1.6) (1.7)

Inventory write-downs - - - - - - - (2.2) - - (36.3) (5.7) - (4.8) (1.7)

Segment operating profit (loss), as reported $ 119.7 $ (19.6) $ 2.5 $ 97.2 $ (21.7) $ 7.8 $ 109.5 $ (28.6) $ (3.3) $ 107.3 $ (7.3) $ (3.0) $ 170.7 $ (22.5) $ (2.0)

June 30, 2016 March 31, 2016 December 31, 2015 September 30, 2015September 30, 2016

Three Months Ended

(In millions, unaudited)

RECONCILIATION OF NON-GAAP TO GAAP FINANCIAL MEASURES

FMC TECHNOLOGIES, INC. AND CONSOLIDATED SUBSIDIARIES