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Q4 2010 EARNINGS CALL – Cal Dive International

Cal Dive International · Mar 2, 2011 · 11 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 2010 EARNINGS CALL – Cal Dive International – slide 1
    C l Di I Cal Dive International i l 4th Quarter 2010 Earnings Conference Call
  2. Q4 2010 EARNINGS CALL – Cal Dive International – slide 2
    Presentation Outline Presentation Outline Summary of 4Q 2010 Results Backlog Discussion of Financial Results Non-GAAP Reconciliations Questions & Answers 3
  3. Q4 2010 EARNINGS CALL – Cal Dive International – slide 3
    Summary of 4Q Results Higher utilization levels compared to 4Q 09 but fewer large construction projects. Solid backlog at end of 2010. No outstanding borrowings under revolver at year-end. year-end Debt to EBITDA at 2x. 2x…
  4. Q4 2010 EARNINGS CALL – Cal Dive International – slide 4
    Backlog ( millions) 350 300 250 250 200 302 302 150 150 284 284 233 213 100 183 191 191 50 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 5
  5. Q4 2010 EARNINGS CALL – Cal Dive International – slide 5
    Financial Results Three Th Months M th Twelve T l Months M th (all amounts in thousands, except per share amounts and percentages) Ended December 31, Ended December 31, 2010 2009 2010 2009 Revenues 161,040 , 147,396 ,…
  6. Q4 2010 EARNINGS CALL – Cal Dive International – slide 6
    Utilization (The following statistics are for owned and operated vessels only) Three Months Twelve Months Ended December 31, Ended December 31, 2010 2009 2010 2009 Effective Utilization(1) - Saturation Diving Vessels 66% 58%…
  7. Q4 2010 EARNINGS CALL – Cal Dive International – slide 7
    Revenue Split ( millions) 4Q 2010 2010 111 426 110 50 21% 69% 31% 79% 4Q 2009 2009 36 36 111 555 274 24% 76% 67% 33% Domestic International 8
  8. Q4 2010 EARNINGS CALL – Cal Dive International – slide 8
    Debt Levels Net Debt Levels (1) Net Debt to Book Cap. % (2) ( millions) Horizon Acquisition (1) Calculated as Total Debt less Cash and Cash Equivalents. (2) Calculated as Net Debt divided by Stockholders Equity plus Net Debt. 9
  9. Q4 2010 EARNINGS CALL – Cal Dive International – slide 9
    Liquidity Liquidity Position ( millions) 354 348 349 295 242 243 (1) (2) (1) Pro forma impact of amendment to credit facility. (2) Unborrowed revolver borrowing capacity calculated based on max allowed Debt to EBITDA ratio…
  10. Q4 2010 EARNINGS CALL – Cal Dive International – slide 10
    NonGAAP Reconciliations ili i 11
  11. Q4 2010 EARNINGS CALL – Cal Dive International – slide 11
    EBITDA Reconciliations In addition to net income, one primary measure that we use to evaluate our financial performance is earnings before net interest expense, taxes, depreciation and amortization, or EBITDA. We use EBITDA to measure…

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