GulfMark Offshore, Inc Jefferies 2012 Global Energy Conference
Long Term Revenue & EBITDA (in millions of dollars) 700 700 600 600 500 500 400 400 300 300 200 200 100 100 0 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 TTM Revenue EBITDA* * Note:…
Pro Forma Prior Peak Revenue & EBITDA (in millions of dollars) 700 700 Pro Forma for July 1, 2008 Acquisition 600 600 Prior Up-Cycle Incremental EBITDA Margins Average 72% 500 500 Substantial Fleet Upgrades Since 2008 400…
Total Revenue in Backlog (in thousands of dollars) 1,000,000 25,000 900,000 22,500 800,000 Day Rate in 20,000 Backlog 700,000 17,500 Day Rate in Backlog Dollars in Backlog 600,000 15,000 500,000 12,500 400,000…
Global Vessel Diversification North Sea Worldwide PSV 20 PSV 48 US Gulf AHTS 1 AHTS 17 SpV 1 FSV 3 PSV 15 FSV 2 SpV 2 Total 70 Mexico SE Asia West Africa AHTS 2 4 PSV 4 AHTS 2 AHTS 12 PSV 1 Trinidad PSV 2 FSV 1 Gulf of…
Building For Our Future Significant number of new generation rigs on order Increasing Activity both in the North Sea and New Frontiers Industry call for higher specification vessels to meet increasing regulatory demands: Deeper…
New Build Program Overview Two MMC 887 300 Class DP 2 (Europe) One MMC 879 280 Class DP2 (Europe) Two UT 755 XL 250 Class DP2 (Europe) Two ST-216 300 Class Arctic DP2 (Europe) Two 280 Class PSV DP2 (US) Two 300 Class PSV DP2…
New Build and Vessel Enhancement Program Summary North Sea 7 Newbuild Vessels North Sea vessels hedged in EUR DP2 Green PSVs (300 Class (2), 300 Class Arctic (2), 280 Class (1), 250 Class (2)) Staggered delivery of Newbuilds- 2Q…
Building For Our Future: 2013 & Beyond (U.S. dollars, in millions) Initial Estimated Estimated Vessels Under Operating Construction Average Annual Implied EBITDA Construction Vessel Type Region Cost EBITDA Multiple 300 Class…
New Build Delivery Schedule 280 Class Europe 300 Class Artic Europe 280 Class Europe 300 Class Europe 280 Class US 250 Class Europe 300 Class Artic 280 Class US 250 Class Europe 300 Class US 300 Class US 13
GulfMark Stretch Program 14
Market Drivers 15
Rig Growth in the North Sea Floating Rigs Active 36 Scheduled Arrivals/Activations 18 (by 2014) % Increase 50% Jackups Active 41 Scheduled Arrivals (by 2014) 8 % Increase 20% Source: IHS Petrodata , Carnegie Research 16
Rig Growth in the North Sea 60 Jackups 60 Noble Regina Maersk XL Maersk XL Maersk XL West Linus Active Rigs Atlantic London Allen Prospecter 1 Enhanced 1 Enhanced 2 Enhanced 3 50 ENSCO 120 50 40 40 30 30 20 Planned 20 10 10 0…
Floating Rig Growth in the U.S. GOM Floating Rigs in U.S. GOM Active 33 Scheduled Arrivals (by 2014) 14 % Increase 42% Source: IHS Petrodata August 2012 18
Floating Rig Growth in the U.S. GOM 50 Noble Bob Douglas, Maersk Deepwater Advanced 2 50 Deepwater Invictus Pacific Sharav 45 West Vela, Maersk Drsh Tbn 1 45 Ocean Confidence Helix 534 ENSCO 8506, Noble Globetrotter II 40 40…
Worldwide Sub Sea Driving the Future Sub Sea Activity is Continuing to Expand Subsea Demand Expected to Increase 33% and Annual Expenditure double to 20.3 Billion by 2016 Set to Top 77 Billion Over Next Five Years Increase of 63%…
Financial Information 21
Consistent Reduction in Net Debt Position 500,000 40% 450,000 Net-Debt to 35% Total Book Capitalization Net-Debt 400,000 Finalization of Previous New- 30% Build Program 350,000 Initiation of Current 25% 300,000 New-Build…
Investment Highlights Industry Leaders in QHSE Performance & People Development Global Presence and Diverse Operations Expertise Financial Stability & Flexibility to Pursue Opportunities Growth through Both Acquisition and New…
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