Raymond James 34th Annual Institutional Investors Conference March 6, 2013 Incident & Injury Free
Forward-Looking Statements This presentation may include forward-looking statements that are generally identifiable through the use of words such as believe, expect, anticipate, intend, plan, estimate, project and similar expressions…
Incident & Injury Free Company Overview 3
Company Overview Incident & Injury Free Leading marine contractor for integrated offshore construction solutions to the offshore Revenue Breakdown oil and gas industry. ( in millions) Domestic International Provides services…
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…
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…
Incident & Injury Free Investment Highlights 7
Competitive Strengths Incident & Injury Free Track record of superior project execution and safety. Experienced, proven management team. Senior Management averages over 20 years of experience. Leader in the Gulf of Mexico OCS…
Full Production Life-Cycle 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…
Diversified Fleet Incident & Injury Free 4-Point Surface Vessels Saturation Vessels DSV American Star DP DSV Toisa Paladin1 DSV American Triumph DP DSV Kestrel DSV American Victory DP DSV Mystic Viking Diving DSV Dancer DSV…
Global Presence Incident & Injury Free Europe Northeastern U.S. Middle East Gulf of Mexico China Mexico West Africa SE Asia Australia Headquarters Operational Bases Locations Worked 11
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…
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…
Incident & Injury Free Industry/Market Outlook 14
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…
Gulf of Mexico Market Incident & Injury Free Existing GOM OCS platforms provide a steady supply of decommissioning and IRM work. Average duration from installation to removal of an OCS platform is 19 years. Current platforms in…
Gulf of Mexico Market (cont.) Incident & Injury Free Drilling activity on Gulf of Mexico OCS has been trending upward. This is a positive long term indicator for Cal Dives services, specifically the new construction market. Cal…
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…
Mexico Market Incident & Injury Free Offshore drilling and construction spending will be strong for foreseeable future. Expected to bid 7 projects budgeted at 635 million for 2013. Two year bareboat charter of Kestrel with…
Incident & Injury Free Financial Information 20
Historical Revenue 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 is…
Backlog Incident & Injury Free Most recent backlog provides leading indicator for construction market. Majority of GOM OCS diving work does not show up in backlog due to spot market nature of business. 80% of backlog at December…
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