Skip to main content Q1 2012 EARNINGS CALL – Cal Dive International Investor Presentation | Shale Experts
Loading...
Pm

Q1 2012 EARNINGS CALL – Cal Dive International

Cal Dive International · May 1, 2012 · 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. Q1 2012 EARNINGS CALL – Cal Dive International – slide 1
    Cal Dive International 1st Quarter 2012 Earnings Conference Call
  2. Q1 2012 EARNINGS CALL – Cal Dive International – slide 2
    Forward-Looking Statements This press release 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…
  3. Q1 2012 EARNINGS CALL – Cal Dive International – slide 3
    Presentation Outline Summary of 1Q 2012 Results Backlog Discussion of Financial Results Non-GAAP Reconciliations Q&A 3
  4. Q1 2012 EARNINGS CALL – Cal Dive International – slide 4
    Summary of 1Q Results Uncle John, Kestrel, and Atlantic in dry- dock during quarter. Typical weather seasonality in the GoM. Increased March 31 backlog over 80 million from December 31. Sale of DSV Eclipse. 4
  5. Q1 2012 EARNINGS CALL – Cal Dive International – slide 5
    Backlog ( millions) 350 300 250 200 302 150 260 233 221 100 191 190 176 178 50 - 2Q 2010 3Q 2010 4Q 2010 1Q 2011 2Q 2011 3Q 2011 4Q 2011 1Q 2012 5
  6. Q1 2012 EARNINGS CALL – Cal Dive International – slide 6
    Financial Results (all amounts in thousands, except per share amounts and percentages) Three Months Ended March 31, 2012 2011 Revenues 60,017 95,431 Gross Profit (16,420) (7,226) Margins (27%) (8%) Loss Attributable to Cal…
  7. Q1 2012 EARNINGS CALL – Cal Dive International – slide 7
    Utilization (The following statistics are for owned and operated vessels only) Three Months Ended March 31, 2012 2011 Effective Utilization (1) - Saturation Diving Vessels (2) 52% 48% Surface Diving Vessels 23% 34%…
  8. Q1 2012 EARNINGS CALL – Cal Dive International – slide 8
    Revenue Breakdown ( millions) 150 125 100 44 75 46% 29 50 48% 51 25 54% 31 52% 0 1Q 2011 1Q 2012 Domestic International 8
  9. Q1 2012 EARNINGS CALL – Cal Dive International – slide 9
    Debt Levels Net Debt Levels (1) Net Debt to Book Cap. % (2) ( millions) 350 Horizon Acquisition 35% 300 34% 30% 250 25% 35% 29% 314 27% 200 254 27% 20% 150 21% 183 15% 161 100 141 134 10% 50 5% - 2007 2008 2009…
  10. Q1 2012 EARNINGS CALL – Cal Dive International – slide 10
    Liquidity 75 Million Revolver* Cash at 3/31/2012: 9 Million 35 *Revolver size temporarily stepped down to 75 million for 1Q12 and subsequently returns to 40 150 million. Remaining Total Revolver Borrowing & LC Facility…
  11. Q1 2012 EARNINGS CALL – Cal Dive International – slide 11
    Non-GAAP Reconciliations 11
  12. Q1 2012 EARNINGS CALL – Cal Dive International – slide 12
    EBITDA Reconciliations (all amounts in thousands) Three Months Ended March 31, 2012 2011 EBITDA (unaudited) (12,029) (1,338) Less: Depreciation & Amortization 14,636 16,876 Less: Income Tax Expense (Benefit) (8,389) (3,777)…

From the store

Browse maps, data & reports in the Shale Experts store