ࡱ;   !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}~Root Entry  \pCalc Ba=, =@ 8X@"1Calibri1Arial1Arial1Arial1Calibri1Calibri General #,##0.00 #,##0;6_(\$* #,##0.00_);_(\$* \(#,##0.00\);_(\$* \-??_);_(@_)'""($"#,##0.00_);[RED]"($"#,##0.00\)3._(\$* #,##0_);_(\$* \(#,##0\);_(\$* \-_);_(@_)#\(#,##0.00_);[RED]\(#,##0.00\)                + ) , *   (   ( "8  $  $ (8  $  $  $  ,  (  $ `-current report0current report-13not applicable&7 exhibit index:: signatures!:>reconciliation of us gaap$Greconciliation of us gaap -1$Mreconciliation of us gaap -2$Qreconciliation of us gaap -3"X2021 fullyear financial gu"`condensed consolidated stavbusiness segment dataVbusiness segment data-1|business segment data-2"condensed consolidated bal` cash flows.charges and creditsncharges and credits-1!reconciliation of gaap to$reconciliation of gaap to -1$reconciliation of gaap to -2$reconciliation of gaap to -3TX     3  @@   CURRENT REPORTUnited Kingdom 001-37983 98-1283037.(State or other jurisdiction of incorporation)(Commission File Number)$(I.R.S. Employer Identification No.)One St. Paul s ChurchyardLondonEC4M 8AP((Address of principal executive offices) (Zip Code)Not Applicable;Securities registered pursuant to Section 12(b) of the Act:Title of Each ClassTrading Symbol)Name of Each Exchange on Which Registered*Ordinary shares, $1.00 par value per shareFTINew York Stock ExchangeBSecurities registered pursuant to Section 12(g) of the Act: None. EXHIBIT INDEXExhibit NumberExhibit Description:News Release issued by the Company dated April 2 7 , 2021AInline XBRL for the cover page of this Current Report on Form 8-K SIGNATURESĢtv plcBy: /s/ Alf MelinDated:April 27, 2021Name: Alf Melin?Title: Executive Vice President and Chief Financial Officer_Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.:Three Months Ended (In millions, except per share amounts)March 31, 2021March 31, 2020ChangeRevenue3.1% Income (loss)n/m!Diluted earnings (loss) per shareAdjusted EBITDA107.3%Adjusted EBITDA margin10.1%5.0%510 bpsAdjusted income (loss)*Adjusted diluted earnings (loss) per shareInbound orders11.9%Backlog(11.9%) Three Months Ended (In millions)March 31, 202010.6%Operating profit (loss)28.9%9.7%8.4%130 bps29.6% Backlog 1,2,3(11.8%)7Estimated Consolidated Backlog Scheduling (In millions)March 31, 2021202120222023 and beyondTotalV1 Backlog in the period was decreased by a foreign exchange impact of $131.3 million.G2 Backlog does not capture all revenue potential for Subsea Services.T3 Backlog does not include total Company non-consolidated backlog of $612 million.March 31, 2020(25.5%)9.8%11.0%7.4%360 bps(44.5%)(13.7%)!2021 Full-Year Financial Guidance&2021 Guidance *Updated April 27, 2021SubseaSurface Technologies(Revenue in a range of $5.0 - 5.4 billion,Revenue in a range of $1,050 - 1,250 millionDEBITDA margin in a range of 10 - 11% (excluding charges and credits)EEBITDA margin in a range of 8 - 11% (excluding charges and credits) Ģtv+Corporate expense, net $105 -115 million8(includes depreciation and amortization of ~$15 million)(Net interest expense $130 - 135 million-Tax provision, as reported* $70 - 80 million0Capital expenditures approximately $250 million#Free cash flow* $120 - 220 million+CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited)Three Months Ended March 31,2020Costs and expensesOther (expense) income, net1Income (loss) from investment in Technip Energies :Income (loss) before net interest expense and income taxesNet interest expense$Loss on early extinguishment of debt!Income (loss) before income taxes$Provision (benefit) for income taxes(Income (loss) from continuing operationsKIncome from continuing operations attributable to non-controlling interestsGIncome (loss) from continuing operations attributable to Ģtv plc*Income (loss) from discontinued operationsMIncome from discontinued operations attributable to non-controlling interests0Net Income (loss) attributable to Ģtv plc4Earnings (loss) per share from continuing operationsBasicDiluted6Earnings (loss) per share from discontinued operationsBasic and diluted8Earnings (loss) per share attributable to Ģtv plc$Weighted average shares outstanding:!Cash dividends declared per share$ BUSINESS SEGMENT DATASegment operating profit (loss)%Total segment operating profit (loss)Corporate itemsCorporate expense (1)*Income from investment in Technip EnergiesForeign exchange gains (losses)Total corporate items&Income (loss) before income taxes (2)Inbound Orders (1)Total inbound ordersOrder Backlog (2)Total order backlog%CONDENSED CONSOLIDATED BALANCE SHEETSMarch 31, 2021December 31, 2020Cash and cash equivalentsTrade receivables, netContract assetsInventories, netOther current assetsInvestment in Technip Energies)Current assets of discontinued operationsTotal current assets"Property, plant and equipment, netIntangible assets, net Other assets-Non-current assets of discontinued operations Total assets5Short-term debt and current portion of long-term debtAccounts payable, tradeContract liabilitiesOther current liabilities.Current liabilities of discontinued operationsTotal current liabilities$Long-term debt, less current portionOther liabilities2Non-current liabilities of discontinued operations#Redeemable non-controlling interest#TechnipFMC plc stockholders equityNon-controlling interests4Non-controlling interests of discontinued operationsTotal liabilities and equity%CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions)Three Months Ended March 31,0Cash provided (required) by operating activities,Net income (loss) from continuing operationsuAdjustments to reconcile income (loss) from continuing operations to cash provided (required) by operating activities Depreciation Amortization Impairments8Employee benefit plan and share-based compensation costs Deferred income tax benefit, net>Unrealized loss on derivative instruments and foreign exchange8Income from equity affiliates, net of dividends receivedOtherKChanges in operating assets and liabilities, net of effects of acquisitions*Trade receivables, net and contract assets&Income taxes payable (receivable), net)Other current assets and liabilities, net,Other noncurrent assets and liabilities, netKCash provided (required) by operating activities from continuing operationsBCash provided by operating activities from discontinued operations%Cash provided by operating activities0Cash provided (required) by investing activitiesCapital expenditures%Proceeds from sale of debt securitiesCash received from divestitureProceeds from sale of assets3Proceed from sale of investment in Technip EnergiesAdvances from BPI4Proceeds from repayment of advances to joint ventureKCash provided (required) by investing activities from continuing operationsBCash required by investing activities from discontinued operations0Cash provided (required) by financing activitiesNet increase in short-term debt Net decrease in commercial paper'Proceeds from revolving credit facility(Proceeds from issuance of long-term debtRepayments of long-term debt Payments for debt issuance costs>Payments related to taxes withheld on share-based compensationCash paid for finance leasesKCash provided (required) by financing activities from continuing operationsMCash provided (required) by financing activities from discontinued operations%Cash required by financing activitiesHEffect of changes in foreign exchange rates on cash and cash equivalents%Decrease in cash and cash equivalents.Cash and cash equivalents, beginning of period(Cash and cash equivalents, end of periodCharges and CreditsMarch 31, 2021JIncome attributable to non-controlling interest from continuing operations=Net interest expense and loss on early extinguishment of debtMIncome (loss) before net interest expense and income taxes (Operating profit)Depreciation and amortizationZEarnings before net interest expense, income taxes, depreciation and amortization (EBITDA)Ģtv plc, as reportedCharges and (credits):Impairment and other chargesRestructuring and other charges1(Income) loss from investment in Technip EnergiesAdjusted financial measureshDiluted earnings (loss) per share from continuing operations attributable to Ģtv plc, as reported]Adjusted diluted earnings per share from continuing operations attributable to Ģtv plcDirect COVID-19 expenses$Purchase price accounting adjustment5RECONCILIATION OF GAAP <hTO NON-GAAP FINANCIAL MEASURESCorporate ExpenseForeign Exchange, net and Other.Operating profit (loss), as reported (pre-tax)Subtotal Adjusted Operating profit (loss)$Operating profit margin, as reported2.7%3.3%31.5% Adjusted Operating profit margin4.1%4.5%4.3%Foreign Exchange, net Restructuring and other charges*%Purchase price accounting adjustments&Adjusted Depreciation and amortization-219.5%-128.7%-204.0%2.5%0.1%-1.3%Net debt;Cash provided (required) by continuing operating activities3Free cash flow (deficit) from continuing operationsO [cc   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} ,,,             Z     PH0(  ><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} ,,,, " "                   PH 0(  ><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U} ,,,,,    "             "J   PH0 0(   ><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U}  , , , ,    ~ ۚ  ~   R PH@0(  ><dgg   d-C6?_%,*+&ffffff?'ffffff?(?)?"d,, ` `? ` `?U}  , , , , , , ,                 PHP0(  ><dgg   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