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CAPITAL ONE SOUTHCOAST 7TH ANNUAL ENERGY CONFERENCE – Cal Dive International

Cal Dive International · Dec 5, 2012 · 24 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. CAPITAL ONE SOUTHCOAST 7TH ANNUAL ENERGY CONFERENCE – Cal Dive International – slide 1
    Incident & Injury Free Capital One Southcoast 7th Annual Energy Conference December 5, 2012
  2. CAPITAL ONE SOUTHCOAST 7TH ANNUAL ENERGY CONFERENCE – Cal Dive International – slide 2
    Forward-Looking Statements This presentation may include or incorporate by reference statements that constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These…
  3. CAPITAL ONE SOUTHCOAST 7TH ANNUAL ENERGY CONFERENCE – Cal Dive International – slide 3
    Incident & Injury Free Company Overview 3
  4. CAPITAL ONE SOUTHCOAST 7TH ANNUAL ENERGY CONFERENCE – Cal Dive International – slide 4
    Company Overview Incident & Injury Free Leading marine contractor for integrated Revenue Breakdown offshore construction solutions to the offshore oil and gas industry. YTD 2012 2011 Provides services for all phases of 47% 41%…
  5. CAPITAL ONE SOUTHCOAST 7TH ANNUAL ENERGY CONFERENCE – Cal Dive International – slide 5
    Company Strategy Incident & Injury Free Maintain leadership in world-wide diving services. Gulf of Mexico OCS Australia Geographic diversification in international markets with high growth potential. Australia Mexico North…
  6. CAPITAL ONE SOUTHCOAST 7TH ANNUAL ENERGY CONFERENCE – Cal Dive International – slide 6
    Positioned for Growth with Lower Cost Structure Incident & Injury Free Upgraded Light Well Australia Restructuring Intervention Capabilities Uncle John multiservice vessel has Cal Dive formed a partnership with Management has…
  7. CAPITAL ONE SOUTHCOAST 7TH ANNUAL ENERGY CONFERENCE – Cal Dive International – slide 7
    Incident & Injury Free Investment Highlights 7
  8. CAPITAL ONE SOUTHCOAST 7TH ANNUAL ENERGY CONFERENCE – Cal Dive International – slide 8
    Key Investment Highlights Incident & Injury Free Leader in the Gulf of Mexico OCS and Australia diving services Track record of superior project execution and safety Strong relationships with world class customers engaged in…
  9. CAPITAL ONE SOUTHCOAST 7TH ANNUAL ENERGY CONFERENCE – Cal Dive International – slide 9
    High-Quality, Diversified Fleet Incident & Injury Free 4-Point Surface Vessels Saturation Vessels DSV American Star DP DSV Mystic Viking DSV American Triumph DSV American Constitution DSV American Victory DSV Cal Diver I…
  10. CAPITAL ONE SOUTHCOAST 7TH ANNUAL ENERGY CONFERENCE – Cal Dive International – slide 10
    Integrated Services Offering Incident & Injury Free Cal Dives diversified fleet allows it to offer integrated services in the early and late phases of the production life-cycle, while maintaining its strategic position in the middle…
  11. CAPITAL ONE SOUTHCOAST 7TH ANNUAL ENERGY CONFERENCE – Cal Dive International – slide 11
    Global Presence with High Growth Potential Incident & Injury Free Mediterranean Northeastern U.S. Middle East China Gulf of Mexico Bahamas SE Asia Mexico West Africa ( in Millions) Revenue Breakdown Domestic 1,000…
  12. CAPITAL ONE SOUTHCOAST 7TH ANNUAL ENERGY CONFERENCE – Cal Dive International – slide 12
    Blue-Chip Customer Relationships Incident & Injury Free Cal Dive has over 35 years of industry experience, an established, strong operational track record and commercial relationships with a global customer base, including…
  13. CAPITAL ONE SOUTHCOAST 7TH ANNUAL ENERGY CONFERENCE – Cal Dive International – slide 13
    Track Record of Safety Incident & Injury Free Cal Dive commenced its Incident and Injury-Free (IIF) program in 2008. Since the onset of IIF, the Company has achieved breakthrough performance in all of the traditional industry…
  14. CAPITAL ONE SOUTHCOAST 7TH ANNUAL ENERGY CONFERENCE – Cal Dive International – slide 14
    Incident & Injury Free Industry/Market Outlook 14
  15. CAPITAL ONE SOUTHCOAST 7TH ANNUAL ENERGY CONFERENCE – Cal Dive International – slide 15
    Outlook For Offshore Activity Incident & Injury Free Offshore drilling spending should continue to increase over the next decade as many onshore basins mature and producers seek new sources of hydrocarbon reserves. Competition for…
  16. CAPITAL ONE SOUTHCOAST 7TH ANNUAL ENERGY CONFERENCE – Cal Dive International – slide 16
    Gulf of Mexico Market Incident & Injury Free Offshore Production Facilities Existing GOM OCS platforms provide a steady supply of 300 Additions Removals decommissioning and IRM work. 250 Number of Platforms Average…
  17. CAPITAL ONE SOUTHCOAST 7TH ANNUAL ENERGY CONFERENCE – Cal Dive International – slide 17
    Australia Market Incident & Injury Free Strong projected growth driven by: Large LNG projects - currently 7 projects are being Karratha, WA developed and 12 are in planning. Long-term off take agreements and highly…
  18. CAPITAL ONE SOUTHCOAST 7TH ANNUAL ENERGY CONFERENCE – Cal Dive International – slide 18
    Mexico Market Incident & Injury Free Estimated Spend Mexico Mexico is expected to be a very strong Offshore Construction 2012 - 20151 market for Cal Dive. Pipelay Structural Spend 1,500 Offshore drilling and construction 1,350…
  19. CAPITAL ONE SOUTHCOAST 7TH ANNUAL ENERGY CONFERENCE – Cal Dive International – slide 19
    Incident & Injury Free Financial Information 19
  20. CAPITAL ONE SOUTHCOAST 7TH ANNUAL ENERGY CONFERENCE – Cal Dive International – slide 20
    Historical Financials Incident & Injury Free Commentary The April 2010 Deepwater Horizon incident in the Gulf of Mexico further compounded the effects from the sustained global recession that began in 2008. However, GOM activity…
  21. CAPITAL ONE SOUTHCOAST 7TH ANNUAL ENERGY CONFERENCE – Cal Dive International – slide 21
    Backlog Incident & Injury Free Most recent backlog provides leading indicator for construction market. Majority of diving work does not show up in backlog due to spot market nature of business 77% of backlog at September 30, 2012…
  22. CAPITAL ONE SOUTHCOAST 7TH ANNUAL ENERGY CONFERENCE – Cal Dive International – slide 22
    Debt Levels ( millions) Net Debt Levels (1) Net Debt to Book Cap. % (2) Horizon Acquisition 40% 350 35% 300 34% 36% 30% 250 33% 314 25% 35% 29% 200 254 27% 20% 27% 150 162 183 21% 15% 161 149 100 141 134 10% 50…
  23. CAPITAL ONE SOUTHCOAST 7TH ANNUAL ENERGY CONFERENCE – Cal Dive International – slide 23
    Incident & Injury Free EBITDA Reconciliations 23 23
  24. CAPITAL ONE SOUTHCOAST 7TH ANNUAL ENERGY CONFERENCE – Cal Dive International – slide 24
    EBITDA Reconciliations Incident & Injury Free In addition to net income, one primary measure that the Company uses to evaluate financial performance is earnings before net interest expense, taxes, depreciation and amortization, or…

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