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Q3 2009 EARNINGS CALL – Cal Dive International

Cal Dive International · Oct 29, 2009 · 10 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. Q3 2009 EARNINGS CALL – Cal Dive International – slide 1
    Cal Dive International 3rd Quarter 2009 Earnings Conference Call October 29, 2009
  2. Q3 2009 EARNINGS CALL – Cal Dive International – slide 2
    Presentation Outline Summary of 3rd Quarter 2009 Results Discussion of Financial Results Non-GAAP Reconciliations Questions and Answers 3
  3. Q3 2009 EARNINGS CALL – Cal Dive International – slide 3
    Summary of 3Q Results Completion of Mexico project during quarter. Award of second project in China. Continuation of GOM hurricane salvage g & repair p activity. Decreased new construction activity in GOM and LNG project related.…
  4. Q3 2009 EARNINGS CALL – Cal Dive International – slide 4
    Backlog 600 500 61 400 48 (MM) 48 300 445 354 302 200 284 213 100 0 9/30/09 6/30/09 3/31/09 12/31/08 9/30/08 Backlog related to LNG project All other backlog 5
  5. Q3 2009 EARNINGS CALL – Cal Dive International – slide 5
    Summary of Financial Results (all amounts in thousands, except per share amounts and percentages) 3rd Quarter 2009 2008 Revenues 214,597 278,709 Gross Profit 70,131 92,543 Margins ag s 32.7% % 33.2% % Net Income 32,908…
  6. Q3 2009 EARNINGS CALL – Cal Dive International – slide 6
    Key Statistics Three Months Ended Nine Months Ended September 30, September 30, 2009 2008 2009 2008 Effective Utilization (1) - Saturation Diving Vessels 84% 95% 88% 86% Surface Diving Vessels 63% 80% 65% 56% Construction…
  7. Q3 2009 EARNINGS CALL – Cal Dive International – slide 7
    International Revenue 3Q 2009 YTD 3Q 2009 71% 65% 63m 238m 29% 35% 3Q Q 2008 YTD 3Q Q 2008 80% 71% 173m 55m 29% 20% Domestic International 8
  8. Q3 2009 EARNINGS CALL – Cal Dive International – slide 8
    Financial Flexibility As of September 30, 2009 Net Debt to Book Capitalization (1) 25% % Cash on Hand Net Debt 125 million 300M Revolving Credit Facility 63% Available Capacity (190m) Letters of Credit (1)…
  9. Q3 2009 EARNINGS CALL – Cal Dive International – slide 9
    Non-GAAP Non- Reconciliations 10
  10. Q3 2009 EARNINGS CALL – Cal Dive International – slide 10
    Reconciliation of Non- Non-GAAP Financial Measures (all amounts in thousands) 3rd Quarter 2009 2008 EBITDA (unaudited) 73 753 73,753 91 875 91,875 Less: Depreciation & Amortization 19,403 17,858 Less: Non-Cash Stock Comp.…

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