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Q4 2012 EARNINGS CALL – Cal Dive International

Cal Dive International · Feb 28, 2013 · 12 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. Q4 2012 EARNINGS CALL – Cal Dive International – slide 1
    Cal Dive International 4th Quarter 2012 Earnings Conference Call
  2. Q4 2012 EARNINGS CALL – Cal Dive International – slide 2
    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 and…
  3. Q4 2012 EARNINGS CALL – Cal Dive International – slide 3
    Presentation Outline Summary of 4Q 2012 Backlog Discussion of Financial Results Non-GAAP Reconciliations Q&A 3
  4. Q4 2012 EARNINGS CALL – Cal Dive International – slide 4
    Summary of 4Q 2012 International markets remain strong. Mexico higher activity as prime contractor and subcontractor West Africa 100% utilization of Texas Australia strong diving activity but lower than 2011 due to completion of…
  5. Q4 2012 EARNINGS CALL – Cal Dive International – slide 5
    Backlog ( millions) 300 250 200 150 260 238 224 221 100 191 190 178 176 172 50 - 4Q10 1Q11 2Q11 3Q11 4Q11 1Q12 2Q12 3Q12 4Q12 5
  6. Q4 2012 EARNINGS CALL – Cal Dive International – slide 6
    Financial Results (all amounts in thousands, except per share amounts and percentages) Three Months Year Ended Ended December 31, December 31, 2012 2011 2012 2011 Revenues 146,396 127,434 464,847 479,811 Gross Profit (Loss)…
  7. Q4 2012 EARNINGS CALL – Cal Dive International – slide 7
    Utilization Utilization only includes Company-owned assets and does not reflect activity for diving services from chartered vessels or third party vessels. Three Months Year Ended Ended December 31, December 31, 2012 2011 2012…
  8. Q4 2012 EARNINGS CALL – Cal Dive International – slide 8
    Revenue Breakdown ( millions) Domestic International 550 480 465 500 450 400 199 350 41% 246 53% 300 250 146 200 127 150 281 69 96 59% 219 100 55% 66% 47% 50 58 50 45% 34% 55% 0 4Q 2011 4Q 2012 2011…
  9. Q4 2012 EARNINGS CALL – Cal Dive International – slide 9
    Debt Levels ( millions) Net Debt Levels (1) Net Secured Debt to EBITDA (2) 350 6.0x Horizon Acquisition 300 5.0x 250 4.0x 200 152 3.0x 314 150 5.3x 5.1x 254 86 2.0x 3.8x 100 183 3.2x 141 134 1.0x 50 66 -…
  10. Q4 2012 EARNINGS CALL – Cal Dive International – slide 10
    Revolver Capacity Company in compliance with all financial covenants as of December 31, 2012. 125 Million Revolver 45 80 Outstanding Revolver Borrowings (31.8 million) & LC's (13.6 million) Remaining Total Revolver…
  11. Q4 2012 EARNINGS CALL – Cal Dive International – slide 11
    Non-GAAP Reconciliations 11
  12. Q4 2012 EARNINGS CALL – Cal Dive International – slide 12
    EBITDA Reconciliations (all amounts in thousands) Three Months Year Ended Ended December 31, December 31, 2012 2011 2012 2011 EBITDA (unaudited) 13,533 12,779 23,267 40,602 Less: Depreciation & amortization 15,037 15,524…

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