Capital One Securities Inc. 8th Annual Energy Conference December 11, 2013 Incident & Injury Free
Incident & Injury Free Company Overview 3
Overview Incident & Injury Free Leading marine contractor for integrated offshore construction solutions to the offshore oil and gas industry. Provides services for all phases of production life-cycle including manned diving,…
Investment Highlights 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…
Corporate Strategy Incident & Injury Free Rebalance business for profitability: Sell non-core, low return assets 2012 asset sales: 27 million 2013 YTD asset sales: 10 million Restructure debt Target markets/projects with…
International Growth Incident & Injury Free Commentary The April 2010 Deepwater Horizon incident in the Most recent backlog provides leading indicator for Gulf of Mexico along with increase in shale gas construction market in…
Full Production Life-Cycle Incident & Injury Free Cal Dives diversified fleet allows it to offer integrated services in the early, middle and late phases of the production life- cycle. Infrastructure Installation Pipeline…
Diversified Fleet Incident & Injury Free 4-Point Surface Vessels Saturation Vessels Utility Vessels DSV American Star DP DSV Toisa Paladin(1) Cal Diver IV DSV American Triumph DP DSV Kestrel Polo Pony Diving DSV American…
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 10
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 National…
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 13
Global Offshore Subsea Activity Incident & Injury Free Cal Dives strategy is in-line with market trends. International revenues are expected to be 70-75% of Cal Dives total revenues in 2013. Share of Shallow / Medium Water…
Gulf of Mexico Market Decom / Salvage Incident & Injury Free Existing GoM OCS platforms provide a steady supply of decommissioning and IRM work. Although 2013 market has been sluggish due to permitting and weather delays, the…
Australia Market Incident & Injury Free Ongoing growth continuing offshore driven by: Currently 4 large LNG projects are being developed or are set to commence, and 5 others are approved and in the planning stage. Long-term 20+…
Mexico Market Incident & Injury Free PEMEX Projected CAPEX Cal Dive has been awarded 290 million in 30 (in USD billions) E&P PEMEX contracts in 2013. 25 20 Currently bidding several additional 15 PEMEX projects budgeted for…
North Sea Market Incident & Injury Free Cal Dive has targeted the North Sea for expansion. The North Sea market has strong demand and is forecasted to continue to grow in the foreseeable future. Key Market Indicators Europe…
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