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GLOBAL HUNTER SECURITIES CONFERENCE – Gulfmark Offshore, Inc.

Gulfmark Offshore, Inc. · Jul 18, 2011 · 19 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. GLOBAL HUNTER SECURITIES CONFERENCE – Gulfmark Offshore, Inc. – slide 1
    GulfMark Offshore, Inc GHS Conference Investor Presentation
  2. GLOBAL HUNTER SECURITIES CONFERENCE – Gulfmark Offshore, Inc. – slide 2
    Long Term Revenue & EBITDA (In Millions of Dollars) 700 700 Revenue EBITDA* 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 TTM * Note:…
  3. GLOBAL HUNTER SECURITIES CONFERENCE – Gulfmark Offshore, Inc. – slide 3
    Geographic Revenue Diversification Gulf of Mexico 23% Americas North Sea 42% Rest of Americas 17% 4 Southeast Asia 18% 4
  4. GLOBAL HUNTER SECURITIES CONFERENCE – Gulfmark Offshore, Inc. – slide 4
    North Sea Regional Total of 25 Owned Vessels 21 PSVs, 3 AHTS, and 1 SpV Vessels Largest Operator of PSVs in the North Sea Operations Include Activities in India, Mediterranean, Africa, and Trinidad Spearheading HSE &…
  5. GLOBAL HUNTER SECURITIES CONFERENCE – Gulfmark Offshore, Inc. – slide 5
    Americas Regional Total of 35 Owned Vessels Mexico - 2 AHTS Vessels and 1 Crewboat Brazil - 3 Large PSVs, 4 PSVs, 1 SpV and 1 AHTS Trinidad / Suriname / French Guiana 5 PSVs, 3 FSVs, and 1 Crewboat Gulf of Mexico 11 PSVs,…
  6. GLOBAL HUNTER SECURITIES CONFERENCE – Gulfmark Offshore, Inc. – slide 6
    Gulf of Mexico: Deepwater Utilization on Recovery Decreased Exposure to U.S. Gulf of Mexico by Approximately 50% Lower Utilization, But Also Lower Revenue Exposure in the U.S. Gulf of Mexico Option Value of Positioning Vessels on…
  7. GLOBAL HUNTER SECURITIES CONFERENCE – Gulfmark Offshore, Inc. – slide 7
    Southeast Asia Strong Operating Income Margins 90.0 90.0 80.0 80.0 Regional Total of 14 Owned Vessels 70.0 70.0 60.0 60.0 50.0 50.0 40.0 40.0 11 AHTS Vessels and 3 PSVs 30.0 30.0 20.0 20.0 10.0 10.0 Average Fleet Age of 6.1…
  8. GLOBAL HUNTER SECURITIES CONFERENCE – Gulfmark Offshore, Inc. – slide 8
    Strong Customer Base Smaller Independents & Others Super Majors & National Oil 31% Companies 46% Majors & Large Independents 23% 9 Note: Percentages Based on Vessel Count as of June 16, 2011.
  9. GLOBAL HUNTER SECURITIES CONFERENCE – Gulfmark Offshore, Inc. – slide 9
    The GulfMark Fleet 10
  10. GLOBAL HUNTER SECURITIES CONFERENCE – Gulfmark Offshore, Inc. – slide 10
    GulfMark Fleet by Vintage 16 16 15 15 14 14 13 Average Fleet Age at June 30, 2011 was 8.1 Years 13 12 12 11 11 10 10 9 9 8 8 7 7 6 6 5 5 4 4 3 3 2 2 1 1 0 1995 0 2003 1971 1972 1973 1974 1975 1976 1977…
  11. GLOBAL HUNTER SECURITIES CONFERENCE – Gulfmark Offshore, Inc. – slide 11
    Worldwide Vessel Fleet by Category 1400 1400 1200 1200 1000 1000 800 800 600 600 GulfMark Vessel Focus 400 400 200 200 0 0 AHTS XL PSV Large PSV Medium AHTS Large AHTS Medium AHTS Small PSV Small Vessel…
  12. GLOBAL HUNTER SECURITIES CONFERENCE – Gulfmark Offshore, Inc. – slide 12
    Vessel Dispositions Demonstrate Long-Term Value Sales Price as Year a Percentage Vessel of Year Age at Sales Original of Original Name Sale Built Disposal Price Cost Cost North Traveller 2010 1998 12 18,692,000 17,775,436 105%…
  13. GLOBAL HUNTER SECURITIES CONFERENCE – Gulfmark Offshore, Inc. – slide 13
    Young & Versatile Fleet Major Construction & Acquisition Programs Underway Since 2000 June 2011 7% 16% 77% Vessels built prior to January 1990. Vessels built or acquired between January 1990 and January 2000. Vessels…
  14. GLOBAL HUNTER SECURITIES CONFERENCE – Gulfmark Offshore, Inc. – slide 14
    Financial Information 15
  15. GLOBAL HUNTER SECURITIES CONFERENCE – Gulfmark Offshore, Inc. – slide 15
    Quarter Ended March 31, 2011 (in thousands, excluding special items) Consolidating Income Statement for the Three Months Ended Mar 31, 2011 Southeast North Sea Asia Americas Total Revenues 35,399 15,535 30,355 81,289 Direct…
  16. GLOBAL HUNTER SECURITIES CONFERENCE – Gulfmark Offshore, Inc. – slide 16
    Total Revenue in Backlog (Total Revenue in Thousands of Dollars) 1,000,000 25,000 900,000 22,500 800,000 20,000 700,000 17,500 600,000 15,000 500,000 12,500 400,000 10,000 300,000 7,500 Dollars in Backlog 200,000…
  17. GLOBAL HUNTER SECURITIES CONFERENCE – Gulfmark Offshore, Inc. – slide 17
    Consistent Reduction in Net Debt Postition 500,000 40% 450,000 Net-Debt to 35% Total Book 400,000 Capitalization Net-Debt 30% 350,000 Finalization of New-Build Program 25% 300,000 250,000 20% 200,000 15%…
  18. GLOBAL HUNTER SECURITIES CONFERENCE – Gulfmark Offshore, Inc. – slide 18
    Investment Highlights Industry Leaders in HSE Performance & People Development Strong Demand for Modern Offshore Marine Equipment Global Presence and Operations Expertise Financial Stability & Flexibility to Pursue…
  19. GLOBAL HUNTER SECURITIES CONFERENCE – Gulfmark Offshore, Inc. – slide 19
    Reconciliation of Adjusted EBITDA TTM 2002 2003 2004 2005 2006 2007 2008 2009 2010 Q1 2011 Net (loss) income 24.0 0.5 (4.6) 38.4 89.7 99.0 183.8 50.6 (34.7) (57.5) Interest expense, net 10.9 12.8 17.0 18.4 14.4 4.8 12.8 19.9 20.7…

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