Revenue Pipeline Project Size Estimated total contract value As of December 31, 2014, contract value in millions Bids Target Description Range ( in millions) Backlog 1 Outstanding 2,3 Projects 2,4…
Bids Outstanding and Target Projects 1 26.2 billion as of December 31, 2014 in billions Business Line Oil/Gas Greenfield/Brownfield 21.2 15.6 13.4 12.8 10.6 5.0 Offshore Subsea Oil Gas Green Brown Segment Customer…
EBITDA and Collateral Covenant Compliance Compliance calculations as of December 31, 2014 LC Facility LC Facility Term Loan Covenant EBITDA1,2 Collateral Coverage Ratio Collateral Coverage Ratio 142.9 2.60x 4.60x millions…
Additional Disclosures1 US GAAP Reconciliation to Covenant EBITDA Quarter ended Quarter ended Quarter ended Quarter ended December 31, 2014 September 30, 2014 June 30, 2014 March 31, 2014 (In millions) Net Income (loss) 8.2 (30.3)…
Asset Utilization Definitions Actual is the real activity level of vessels (denoted in days) and fabrication yards (denoted in manhours) over a given period of time Standard is the assumed activity level of vessels (denoted in…
Asset Utilization Q4 2014 Q3 2014 Q4 2013 YTD 2014 YTD 2013 Fabrication (Mhrs 000s) Actual 3,209 3,739 2,987 13,457 11,871 Standard 4,200 4,200 4,200 16,800 16,800 % of Standard 76% 89% 71% 80% 71% Offshore Vessels (Days) Actual…