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August 2020 Corporate Presentation – Tidewater Inc.

Tidewater Inc. · Aug 18, 2020 · 12 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. August 2020 Corporate Presentation – Tidewater Inc. – slide 1
    Company Overview Presentation August 2020
  2. August 2020 Corporate Presentation – Tidewater Inc. – slide 2
    2Q 2020 Update Pivoting in response to industry downturn, generating Free Cash Flow Mitigating the Realigning the Quarterly Challenges Business Performance As crude oil demand stays low, Acceleration of fleet and Free Cash Flow…
  3. August 2020 Corporate Presentation – Tidewater Inc. – slide 3
    Actively Streamlining the Fleet Changes to Tidewater Fleet End Q2 2019 to End Q2 2020 Fleet Optimization Continues Deepwater Active Towing Supply Stacked 300 Other AHFS 250 223 31 13% 200 192 60 10% 46 150 25 24% 28% 192 100…
  4. August 2020 Corporate Presentation – Tidewater Inc. – slide 4
    Among the Strongest Balance Sheets in the Offshore Sector Condensed Balance Sheet1 Market Cap and Leverage 2 Assets mm Liabilities & Equity mm 300 120% 99% 100% 98% 100% 250 91% 91% 100% Cash and equivalents 203,119 Current portion of…
  5. August 2020 Corporate Presentation – Tidewater Inc. – slide 5
    Exercising Safety and Responsibility, Onshore and Offshore Safety Environmental Social Governance Safety of our employees is Focused on improving Investment in community Tidewater operates under a our highest priority; we operational…
  6. August 2020 Corporate Presentation – Tidewater Inc. – slide 6
    Industry Supply Dynamics are Improving Older, Lower Spec Vessels will not Return from Cold Stack OSV Fleet & Orderbook Stacked vessels will not be reactivated without contracts, but stacked vessels do not get contracts Average cold…
  7. August 2020 Corporate Presentation – Tidewater Inc. – slide 7
    Older Cold Stacked Vessels May Not Return to Service Cold Stacked Vessels by Year of Build Stacked since There are up to 700 demolition candidates due to age and length of Before 2015 2016 2017 2018 2019 2020 time stacked 20+ 111…
  8. August 2020 Corporate Presentation – Tidewater Inc. – slide 8
    Many Vessels on Order Unlikely to Deliver OSV Newbuild Deliveries 170 Brazil, 3 Vessels under Norway, 2 construction Others, 7 Mid-Large, DP2 U.S., 4 AHTS, 26 Small, DP2, 35 Vietnam, 6 +90% Under construction for 90% more than…
  9. August 2020 Corporate Presentation – Tidewater Inc. – slide 9
    A Highly Fragmented Market Remains a Challenge OSV Owners by number of vessels 75-50, 0.7% 50-25, 1.7% 100+, 0.7% 25-10,…
  10. August 2020 Corporate Presentation – Tidewater Inc. – slide 10
    Fleet Expansion has Ceased PSV Fleet Size and Growth (2007 to 2019) 1,800 14% 1,600 12% 1,400 10% Number of vessels 1,200 8% YoY growth 1,000 6% 800 4% 600 2% 400 Fleet growth has never been lower 200…
  11. August 2020 Corporate Presentation – Tidewater Inc. – slide 11
    The Worlds Leading OSV Operating Platform Most experienced, efficient and safe operator Tidewater Fleet Distribution1 Established 1955, effectively creating the workboat industry Industry leader in safe operations, core OSV efficiency…
  12. August 2020 Corporate Presentation – Tidewater Inc. – slide 12
    TIDEWATER INC. Worldwide Headquarters 6002 Rogerdale Road Suite 600 Houston, Texas 77072 USA P: +1 713 470 5300 www.tdw.com

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