Company Update Pareto Virtual Energy Conference September 17, 2020
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…
Navigating Current Challenges Mariner Crew Changes COVID-19 pandemic-related logistical restrictions have severely limited crew changes causing substantially extended rotations Continuing to move crew as quickly as possible within…
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…
The Strongest Balance Sheet in the Offshore Sector Condensed Balance Sheet1 Schedule of Principal Payments Assets mm Liabilities & Equity mm 500 450 Cash and equivalents 203,119 Current portion of debt 9,437 400 Other current assets…
Low Leverage with a Modern Fleet Market Cap and Leverage 1 Tidewater Fleet NBV (mm)2 300 120% 1,000 99% 100% 98% 100% 250 91% 91% 100% 85% 83% 800 710 Active Stacked 200 80% 600 150 21% 60% Market Cap. (USmm) 400 100 40% Net Debt…
Active Fleet Status Active Fleet 121 North Sea & Vessels Americas Mediterranean Avg. Age 2 10.3 8 Years 19 Active Utilization 20 Middle East & West Africa Asia Pacific 0 74.5% 14 18 14 15 11 All statistics as of…
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…
Industry Supply Dynamics are Improving Older, Lower Spec Vessels will not Return from Cold Stack Stacked vessels will not be reactivated without contracts, but stacked vessels do not get contracts OSV Fleet & Orderbook Average cold…
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+ 116…
Majority of Vessels on Order Unlikely to Deliver OSV Newbuild Deliveries PSV Fleet Size and Growth (2007 to 2019) 1,800 14% Brazil, 3 1,600 12% Norway, 2 U.S., 4 Vietnam, Others, 7 170 1,400 10% 6 Vessels listed as…
A Highly Fragmented Market Remains a Challenge 1% 1% Owners by OSV Fleet Size (incl. Tidewater) 2%…
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…
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