Press release | January 20 2021 TechnipFMC to Host Capital Markets Day Dedicated to Technip Energies on January 28, 2021 -- LONDON & PARIS & HOUSTON--(BUSINESS WIRE)-- Regulatory News:
TechnipFMC plc (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) (the Company or TechnipFMC ) today announced that it will host a Capital Markets Day dedicated to Technip Energies B.V. ( Technip Energies ) in connection with the Company's previously announced plan to separate into two industry-leading independent, publicly traded companies: TechnipFMC and Technip Energies. The transaction is expected to be structured as a spin-off of a majority stake in TechnipFMC's Technip Energies business segment. The separation is expected to be completed in the first quarter of 2021, subject to customary conditions and regulatory approvals.
The Capital Markets Day will feature presentations from members of Technip Energies' executive team, including:
Arnaud Pieton, Chief Executive Officer
Bruno Vibert, Chief Financial Officer
Marco Villa, Chief Operating Officer
Participants will have the opportunity to interact with these individuals and other key members of Technip Energies' leadership team.
The presentations will (1) highlight Technip Energies' extensive project delivery capability and technology, products and services offering, (2) discuss Technip Energies' long-term strategic vision and unique positioning in the energy transition and (3) review Technip Energies' financial performance.
The Capital Markets Day event will be held on Thursday, January 28, 2021, at 2pm CET. A live webcast and an accompanying presentation will be available in the Investor Relations section of TechnipFMC's website at www.technipfmc.com. An archived replay of the webcast will be available on the same website for one year. A supplemental presentation containing selected financial information for Technip Energies for the years ended December 31, 2017, 2018 and 2019, and for the six months ended June 30, 2020, will also be available in the Investor Relations section of TechnipFMC's website at www.technipfmc.com.
Advisors
Rothschild & Co. is acting as financial advisor and Latham & Watkins, LLP is acting as legal advisor, with Darrois Villey Maillot Brochier and De Brauw Blackstone Westbroek N.V serving as additional legal advisors, to the Company.
BNP Paribas, J.P. Morgan, Morgan Stanley and Soci t G n rale are acting as joint equity capital markets advisors in connection with the proposed distribution of Technip Energies shares to the holders of TechnipFMC shares upon completion of the separation.
Credit Agricole Corporate and Investment Bank is also acting in a supporting role.
About Technip Energies ( SpinCo )
With approximately 15,000 employees, Technip Energies would be one of the largest engineering and technology companies globally, with leadership positions in LNG, hydrogen and ethylene as well as growing market positions in sustainable chemistry and CO2 management. In addition, the new company will benefit from its robust project delivery model and extensive technology, products and services offering. The company would comprise the Technip Energies segment, including Genesis - a leader in advisory services and front-end engineering.
About TechnipFMC ( RemainCo )
With approximately 21,000 employees, TechnipFMC would be the largest diversified pure play in the industry. The Company's role will be to support clients in the delivery of unique, integrated production solutions. TechnipFMC will continue to transform the industry through its pioneering integrated delivery model - iEPCI , technology leadership and digital innovation.
Important Information for Investors and Securityholders
Forward-looking statements
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. Words such as expect, plan, intend, would, will, and similar expressions are intended to identify forward-looking statements, which are generally not historical in nature, and include any statements with respect to the potential separation of the Company into TechnipFMC and Technip Energies, the expected financial and operational results of TechnipFMC and Technip Energies after the potential separation and expectations regarding TechnipFMC's and Technip Energies' respective capital structures, businesses or organizations after the potential separation. 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 U.S. 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, our filings with the Autorit des march s financiers or the U.K. Financial Conduct Authority, as well as the following:
risks associated with disease outbreaks and other public health issues, including the coronavirus disease 2019 ( COVID-19 ), their impact on the global economy and the business of our company, customers, suppliers and other partners, changes in, and the administration of, treaties, laws, and regulations, including in response to such issues and the potential for such issues to exacerbate other risks we face, including those related to the factors listed or referenced below;
risks associated with the impact or terms of the potential separation;
risks associated with the benefits and costs of the potential separation
