Kurt Holland's questions to TechnipFMC PLC (FTI) leadership • Q4 2024
Question
Kurt Holland of The Benchmark Company asked about the growth trajectory of iEPCI and Subsea 2.0, questioning what the ultimate ceiling might be for their combined 80% share of inbound orders.
Answer
CEO Douglas Pferdehirt responded that while there may be a natural market limit for iEPCI due to some customers procuring services separately, he sees no reason for its 50% share to be a cap. For Subsea 2.0, which is well above 50% of tree orders, he expressed an ambition for it to approach 100%, highlighting its critical role in driving future performance and maintaining a significant cycle-time advantage.