Filed by FMC Technologies, Inc.
pursuant to Rule 425 under the Securities Act of 1933, as amended
and deemed filed pursuant to Rule 14a-12 under the Securities Exchange Act of 1934, as amended
Subject Companies: FMC Technologies, Inc., Technip S.A.and FMC Technologies SIS Limited
Date: June 10, 2016
This filing
relates to a proposed business combination involving
FMC Technologies, Inc., Technip S.A. and FMC Technologies SIS Limited
(Subject Company Commission File No.: 001-16489)
Driving Change by Redefining the
Production and Transformation of Oil and Gas
Disclaimer Forward-Looking Statements This
communication contains “forward-looking statements”. All statements other than statements of historical fact contained in this report are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as
amended (the “Securities Act”), and 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. Factors that could cause actual results to differ
materially from those in the forward-looking statements include failure to obtain applicable regulatory or stockholder approvals in a timely manner or otherwise; failure to satisfy other closing conditions to the proposed transactions; failure to
obtain favorable opinions from counsel for each company to the effect of how TechnipFMC PLC (“TechnipFMC”) should be treated for U.S. tax purposes as a result of the proposed transaction; risks associated with tax liabilities, or changes
in U.S. federal or international tax laws or interpretations to which they are subject, including the risk that the Internal Revenue Service disagrees that TechnipFMC is a foreign corporation for U.S. federal tax purposes; risks that the new
businesses will not be integrated successfully or that the combined companies will not realize estimated cost savings, value of certain tax assets, synergies and growth or that such benefits may take longer to realize than expected; failure to
realize anticipated benefits of the combined operations; risks relating to unanticipated costs of integration; reductions in client spending or a slowdown in client payments; unanticipated changes relating to competitive factors in the
companies’ industries; ability to hire and retain key personnel; ability to successfully integrate the companies’ businesses; the potential impact of announcement or consummation of the proposed transaction on relationships with third
parties, including clients, employees and competitors; ability to attract new clients and retain existing clients in the manner anticipated; reliance on and integration of information technology systems; changes in legislation or governmental
regulations affecting the companies; international, national or local economic, social or political conditions that could adversely affect the companies or their clients; conditions in the credit markets; risks associated with assumptions the
parties make in connection with the parties’ critical accounting estimates and legal proceedings; and the parties’ international operations, which are subject to the risks of currency fluctuations and foreign exchange controls.
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. You should carefully consider the foregoing factors and the other risks and uncertainties that affect the parties’ businesses, including those described in FMC Technologies’ (“FMC Technologies”)
Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other documents filed from time to time by FMC Technologies and TechnipFMC with the United States Securities and Exchange Commission (the “SEC”)
and those described in Technip S.A.’s (“Technip”) annual reports, registration documents and other documents filed from time to time with the French financial markets regulator (Autorité des Marchés Financiers or the
“AMF”). 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.
Disclaimer Additional Information
Important Additional Information Will be Filed with the SEC TechnipFMC will file with the SEC a registration statement on Form S-4, which will include the proxy statement of FMC Technologies that also constitutes a prospectus of TechnipFMC (the
“proxy statement/prospectus”). INVESTORS AND STOCKHOLDERS ARE URGED TO CAREFULLY READ THE PROXY STATEMENT/PROSPECTUS, AND OTHER RELEVANT DOCUMENTS TO BE FILED WITH THE SEC, IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL
CONTAIN IMPORTANT INFORMATION ABOUT FMC TECHNOLOGIES, TECHNIP, TECHNIPFMC, THE PROPOSED TRANSACTIONS AND RELATED MATTERS. Investors and stockholders will be able to obtain free copies of the proxy statement/prospectus and other documents filed with
the SEC by the parties through the website maintained by the SEC at www.sec.gov. In addition, investors and stockholders will be able to obtain free copies of the proxy statement/prospectus and other documents filed with the SEC on FMC
Technologies’ website at www.fmctechnologies.com (for documents filed with the SEC by FMC Technologies) or on Technip’s website at www.technip.com (for documents filed with the SEC by Technip). Additional Information Will be Made
Available in an Information Document Technip will prepare an information document to be made available in connection with the Technip meeting of stockholders called to approve the proposed transaction (the “Report”). INVESTORS AND
STOCKHOLDERS ARE URGED TO CAREFULLY READ THE INFORMATION DOCUMENT, AND OTHER RELEVANT DOCUMENTS TO BE PUBLISHED ON THE TECHNIP WEBSITE, IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT FMC
TECHNOLOGIES, TECHNIP, TECHNIPFMC, THE PROPOSED TRANSACTIONS AND RELATED MATTERS. Investors and stockholders will be able to obtain free copies of the information document from Technip on its website at www.technip.com. Important Additional
Information Will be Made Available in an Prospectus Prepared in accordance with the EU Prospectus Directive TechnipFMC will make publicly available a prospectus, prepared in accordance with the EU Prospectus Directive 2003/71/EC, with respect to the
issuance of new shares as a result of the proposed transaction and their admission to trading on the regulated market of Euronext Paris (including any supplement thereto, the “Admission Prospectus”). INVESTORS AND STOCKHOLDERS ARE URGED
TO CAREFULLY READ THE ADMISSION PROSPECTUS, AND OTHER RELEVANT DOCUMENTS, IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT FMC TECHNOLOGIES, TECHNIP, TECHNIPFMC, THE PROPOSED TRANSACTIONS AND RELATED
MATTERS. Investors and stockholders will be able to obtain free copies of the Admission Prospectus from TechnipFMC when available.
Disclaimer No Offer or Solicitation This
communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to subscribe for or buy or an invitation to purchase or subscribe for any securities or the solicitation of any vote in any jurisdiction
pursuant to the proposed transactions or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting
the requirements of Section 10 of the Securities Act and applicable European regulations. Subject to certain exceptions to be approved by the relevant regulators or certain facts to be ascertained, the public offer will not be made directly or
indirectly, in or into any jurisdiction where to do so would constitute a violation of the laws of such jurisdiction, or by use of the mails or by any means or instrumentality (including without limitation, facsimile transmission, telephone and the
internet) of interstate or foreign commerce, or any facility of a national securities exchange, of any such jurisdiction. Participants in the Solicitation FMC Technologies, Technip, TechnipFMC and their respective directors and executive officers
may be deemed to be participants in the solicitation of proxies from the stockholders of FMC Technologies and Technip, respectively in respect of the proposed transactions contemplated by the proxy statement/prospectus and the Report. Information
regarding the persons who are, under the rules of the SEC, participants in the solicitation of the stockholders of FMC Technologies and Technip, respectively, in connection with the proposed transactions, including a description of their direct or
indirect interests, by security holdings or otherwise, will be set forth in the proxy statement/prospectus when it is filed with the SEC. Information regarding FMC Technologies’ directors and executive officers is contained in FMC
Technologies’ Annual Report on Form 10-K for the year ended December 31, 2015 and its Proxy Statement on Schedule 14A, dated March 25, 2016, which are filed with the SEC and can be obtained free of charge from the sources indicated above.
Information regarding Technip’s directors and executive officers is contained in Technip’s Annual Report for the year ended December 31, 2015 filed with the AMF and can be obtained free of charge from the sources indicated above. Legal
Documentation The Memorandum of Understanding will be available on the Securities Exchange Commission (“SEC”) website (www.sec.gov).
1 Strategic Vision 2 Key Terms of the
Combination 3 TechnipFMC Going Forward 4 Appendix Agenda
1 Strategic Vision 2 Key Terms of the
Combination Agenda 3 TechnipFMC Going Forward 4 Appendix
Driving Change by Redefining the
Production and Transformation of O&G FMC Technologies and Technip to combine Surface Global product and service platform Enhanced offering in North America Strengthened international presence Best-in-class equipment and systems provider Leading
and highly complementary equipment offering Scaling up best-in-class technology through enhanced R&D Products Unique capabilities throughout project life-cycle From concept to project delivery and beyond Setting new project economic standards
Subsea Projects Subsea Services Enhanced service proposition Leveraging FMC Technologies’ leading solutions to service a larger installed base Expanding scope of service offering Onshore / Offshore Strong midstream/downstream footprint
Leveraging further on Technip’s engineering capabilities From concept to technology to project delivery Builds a comprehensive and flexible offering across each market from concept to project delivery and beyond
Taking the Forsys Subsea Concept Further
….. Flexible risers and flowlines Umbilicals Pipeline / flowline / jumper installation Subsea equipment installation Platform design, fabrication, installation Topsides design and fabrication Subsea production systems Subsea services Control
and automation systems Subsea well intervention Subsea separation and boosting Systems Improved project economics Deeper life-of-field Monitoring Further process and product standardization Reinforced full EPC execution capabilities Stronger R&D
capabilities Integrated commercial approach Expanded resource / asset base Significantly lower the cost of subsea field development through integration and reduced complexity Maximize client success over the life of the field Foster technological
innovation to lower development costs and increase efficiency Integrated Business Model drives Simplification & Cost Reduction
And Beyond: Strengthening and solidifying
innovation and technology A Unique, Comprehensive Offering Accelerating Benefits to Our Clients Building on proven success ….. Reservoir Development Subsea Field Development SURF Field Development Topsides & Facilities FEED Drilling &
Downhole Completion SURF Subsea Production Systems Topsides & Facilities Execution Combined Entity Scope Forsys Subsea JV Scope Seismic & Informa-tion Gathering Concept Selection Reservoir & Downhole Capabili-ties Tender Prepara-tion
From Concept: Further accelerate project economics To Project Delivery: Deeper into project execution
Leadership across Subsea, Surface and
Onshore/Offshore, each supported by technology and innovation Comprehensive and flexible offering, from concept to project delivery and beyond Growth accelerator: Increasing innovation, improving execution, reducing costs and therefore enhancing
customer success Builds on proven alliance and joint success Integrated, flexible and innovative solutions driving project efficiency and economics Stronger partner to our clients Strategic Highlights … and Creating Value for All Stakeholders
Clients Stronger, multicultural and technology advanced company Highly skilled engineering capabilities of the combined company including manufacturing, project management and R&D headquartered in France Rapid integration built on working
together and sharing the same values People Significant value creation One of the strongest balance sheets in the industry Shareholders
1 Strategic Vision 2 Key Terms of the
Combination Agenda 3 TechnipFMC Going Forward 4 Appendix
Key Proposed Transaction Terms Company
Name TechnipFMC Transaction Structure All-stock merger NewCo incorporated in the UK US reverse triangular merger for FMC Technologies and European cross-border merger for Technip Listing Shares listed on the NYSE and Euronext Paris with NewCo
seeking inclusion in S&P 500 and CAC40 indices Transaction Terms At closing, each share of Technip common stock will be converted into 2.0 ordinary shares of TechnipFMC and each common share of FMC Technologies will be exchanged for 1.0 ordinary
share of TechnipFMC Each company’s shareholders will own close to 50% of the combined entity Management and Corporate Governance Management team: Executive Chairman – Thierry Pilenko Chief Executive Officer – Doug Pferdehirt Other
senior executives identified, to be announced Board: 14 members with an equal number of FMC Technologies and Technip Directors Headquarters Headquarters in Paris, Houston and London Support Full support of the Board of Directors of both companies
and of cornerstone investors for Technip (Bpifrance, IFPEN) Next Steps Consultation of work council, regulatory approvals and other customary closing conditions Shareholders’ approval from both Technip and FMC Technologies Closing expected
early in 2017 All-Stock Merger Clear Leadership and Balanced Governance Timeline to Closing
Onshore / Offshore Clear Leadership and
Balanced Governance Subsea Surface Organisation Management Team Thierry Pilenko Executive Chairman Douglas Pferdehirt Chief Executive Officer Board of Directors Other senior executives identified Products Projects Services Five Business Units: Three
headquartered in Paris and two in Houston 14 Board members with an equal number of Technip and FMC Technologies appointees Board of Directors Thierry Pilenko Douglas Pferdehirt Technip FMC Technologies
Pre-Tax Cost Synergies of at least
$400mm p.a. 1 Cost structure defined as YE2015 Revenue less underlying adjusted EBITDA for both companies as reported. Average 2015 USD/EUR FX rate of 1.1097. Significant Potential for Synergies Expected to deliver at least $400mm in annual pre-tax
cost synergies in 2019 on top of ongoing restructuring initiatives 3% of the combined cost structure¹ 50% to be achieved in 2018 Implementation costs of $250mm Key areas of potential cost synergies include Supply chain improvement: reduction of
combined direct spending on a series of product categories Reduction of infrastructure costs: footprint rationalization (eg. one single organisation per region) and IT costs Corporate & Others streamlining: one Board, one ExCom, one Auditing
company… Revenue synergies are expected to be achieved from the integrated subsea project execution model Phasing of Net Synergies Overview Annual Pre-Tax Cost Synergies Infrastructure $200mm $400mm+
1 Strategic Vision 2 Key Terms of the
Combination Agenda 3 TechnipFMC Going Forward 4 Appendix
Notes: Revenue and operating profit as
of YE2015.. Backlog, debt and cash position as of 31-Mar-2016 1EBITDA before restructuring, impairment and other exceptional items as defined by both companies in their respective previous public filings Strong Financial Profile Backlog $16bn $4bn
c.$20bn Revenue $13.5bn $6.4bn c.$20bn EBITDA¹ Margin (%) $1.4bn 10.6% $1.0bn 15.2% $2.4bn 12.1% Gross Cash Position $4.7bn $1.0bn $5.7bn Shareholder Return Mechanism Offer shareholders an attractive and sustainable dividend Share repurchase
program Attractive shareholder return policy including market based dividend; and share buy-back in line with cash flow generation Credit Rating BBB+ BBB / Baa2 Target solid investment grade credit rating TechnipFMC
Notes: Revenue as of YE2015. Key
Success Factors for Driving Change Reliable and Efficient Execution Concept Project Delivery Beyond Differentiated Equipment and Technologies Highly complementary portfolio Scaling up best-in-class R&D Subsea Surface Onshore/Offshore
Comprehensive, flexible offering Combined revenue of c.$20bn Strong backlog providing visibility Solid balance sheet Synergies Robust Financial Profile Complementarity Existing alliance Talented employees Buiding on proven success TechnipFMC
Compelling Combination of Two Market Leaders
1 Strategic Vision 2 Key Terms of the
Combination 3 TechnipFMC Going Forward 4 Appendix Agenda
Products: trees, manifolds, control,
templates, flowline systems, umbilicals and flexibles Subsea processing ROV’s and manipulator systems Subsea services Drilling systems Installation Asset management and production optimization Field IMR and well services Subsea Building on
Complementarity to Create a Broad-Based Market Leader Overview of TechnipFMC Drilling, completion and production wellheads: Surface integrated services Frac stacks, arm manifold Frac flowback services Separation systems Metering systems Fluid
control Treating iron, temporary pipe restraints, pumps, fluid ends Water processing, advanced separation Surface Backlog: $10.6bn Revenue contribution: Backlog: $0.4bn Revenue contribution: 56% 9% Offshore products, technologies and services Fixed
facilities: Conventional platforms, self-elevating platforms, GBS, artificial islands Floating facilities: FPSO, semi submersibles, Spar, TLP, FLNG Services: Floatover installation, HUC Modifications Onshore products, technologies and services Gas
monetization, refining, petrochemicals, onshore pipelines, etc. Backlog: $9.8bn Revenue contribution: 35% Onshore / Offshore Note: Pro forma backlog as of 31-March-2016. USD/EUR FX rate of 1.1397 as of 31-March-2016.
Seamless Reach Across Geographies Pipe
Plants Umbilicals Plants Spoolbases Construction Yard Logistic Bases Regional Headquarters Operating Centers Subsea Manufacturing Facility Subsea Service Base Subsea Technology Centre Milton Keynes Marseille Lyon Oslo Mexico City Luanda Ho Chi Minh
City Cairo Claremont Ciudad del Carmen Bogota Caracas Port-Of-Spain Chennai Mumbai New Delhi Al-Khobar Doha Calgary Weymouth Boston Seoul Shanghai Jakarta Balikpapan Bangkok Rayong Athens St. Petersburg Lisbon Barcelona Warsaw Evanton Orkanger
Vitória (Flexibras) Açu (Flexibras) Macaé Port of Angra Pori Tanjung Langsat (Asiaflex Products) Batam Le Trait (Flexi France) Lobito (Angoflex) Dande Mobile Houston Kuala Lumpur Kuwait Moscow Frankfurt Abu Dhabi St.John’s
Singapore Rio de Janeiro Zoetermeer Newfoundland Stavanger Ivory Coast Accra Lagos Congo Perth Rome Aberdeen Paris London Alger
Others include: Independents Midstream
OFS players Notes: Based on 2015A revenues and estimated split between IOC/NOC/Independent, Midstream and OFS of 35%/35%/30% for FMC Technologies and 40%/40%/20% for Technip. 1 Average 2015 USD/EUR FX rate of 1.1097. A Diversified Client Base Strong
Complementarities - Estimated Combined Revenue Breakdown¹ Combined Revenue of c.$20bn (2015) International Oil Companies National Oil Companies
A Global Market Leader in Subsea
Systems and a Leading Provider of Technologies and Services to the Oil and Gas Industry Overview of FMC Technologies Segment Activity Subsea production systems Trees, Manifolds, Control Systems, Template Systems, Flowline Connection Subsea
separation and boosting systems Subsea services Installation, Asset Management, Well Services, Production Optimization Multi-phase meters Remotely operated vehicles (“ROVs”) and manipulator systems Drilling, completion and production
wellheads: Surface integrated services Frac stacks Frac flowback services Separation systems Metering systems Fluid control Treating iron, temporary pipe restraints, pumps, fluid ends Measurement solutions designs products and systems used to
measure and control the flow of liquids and gases Loading systems transfer petroleum, LNG, and chemical products between fixed and mobile installations Systems designed for separation of oil, gas, sand, and water in surface, subsea and topside
applications Subsea Surface Technologies Energy Infrastructure 2015 Adjusted Revenue: $4,509mm Operating income: $630mm 2015 Adjusted Revenue: $1,488mm Operating income: $61mm 2015 Adjusted Revenue: $395mm Operating income: $3mm
A World Leader in Project Management,
Engineering and Construction for Oil & Gas, Chemicals and Energy Companies 1 Adjusted operating income from recurring activities after Income/(Loss) of Equity Affiliates. Overview of Technip Segment Activity / Know-how Subsea field architecture
and integrated subsea design Manufacturing, spooling & installation pipelines Project management: engineering, procurement, construction, logistics and installation using our high-end fleet Preliminary studies to detail design Project
management: Engineering, procurement, construction Technology supply and project management Key Differentia-tors Proprietary pipe technologies (rigid & flexible) Leading industrial plants and operational facilities Alliances with industry
leading partners High added-value process design skills Proficiency in design of all platform types Proprietary technology, know-how and license partners Subsea Onshore / Offshore Deepwater Infield Lines Ultra-Deep Water Infield Lines Deep-to-Shore
2015 Adjusted Revenue: €5,876mm Operating income¹: €851mm 2015 Adjusted Revenue: €6,333mm Operating income¹: €218mm
Vertically Integrated Solutions: A
Proven Model Overview of Technip Design, supply, EPCI(1) and commissioning of flexibles and umbilical OFFSHORE ONSHORE SUBSEA SUBSEA ONSHORE Jangkrik, ENI, Indonesia EPC(3) of onshore gas treatment plant Design, supply and installation of
flexibles SUBSEA OFFSHORE Juniper, BP, Trinidad & Tobago EPC(3) of topside and jacket Fabrication, transportation and installation of subsea system SUBSEA OFFSHORE Mariscal Sucre, PDVSA, Venezuela EPCM(4) of platform ONSHORE Umbilical design and
supply EPCI(1) and pre-commissioning of SURF(2) using Heerema and Technip vessels SUBSEA Kaombo, Total, Angola Transportation, installation and pre-commissioning of pipelines SUBSEA OFFSHORE Malikai, Shell, Malaysia EPC(3) of Tension Leg Platform
Design and EPCI(1) of flexible and flowlines SUBSEA OFFSHORE Prelude FLNG, Shell, Australia Design and EPC(3) of Floating Liquefied Natural Gas facility ONSHORE Supply and installation of gas processing equipment Engineering, Procurement,
Construction and Installation Subsea Umbilical, Risers & Flowlines Engineering, Procurement and Construction Engineering, Procurement and Construction management
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