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THE PRITCHARD CAPITAL PARTNERS 9TH ANNUAL ENERGIZE CONFERENCE – Gulfmark Offshore, Inc.

Gulfmark Offshore, Inc. · Jan 5, 2012 · 27 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. THE PRITCHARD CAPITAL PARTNERS 9TH ANNUAL ENERGIZE CONFERENCE – Gulfmark Offshore, Inc. – slide 1
    GulfMark Offshore, Inc Pritchard Capital - Energize 2012 Conference
  2. THE PRITCHARD CAPITAL PARTNERS 9TH ANNUAL ENERGIZE 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: Adjusted…
  3. THE PRITCHARD CAPITAL PARTNERS 9TH ANNUAL ENERGIZE CONFERENCE – Gulfmark Offshore, Inc. – slide 3
    Total Revenue in Backlog (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 Dollarss in Backlog 200 000 200,000 5…
  4. THE PRITCHARD CAPITAL PARTNERS 9TH ANNUAL ENERGIZE CONFERENCE – Gulfmark Offshore, Inc. – slide 4
    Global Vessel Diversification North Sea Worldwide PSV 20 PSV 46 US Gulf AHTS AHTS 1 1 AHTS 17 SpV 1 FSV/Crew 8 PSV 10 FSV/Crew 3 SpV 2 Total 73 Mexico SE Asia West Africa AHTS 2 4 PSV 3 Crew 1 AHTS 2 AHTS 11 Trinidad PSV 6…
  5. THE PRITCHARD CAPITAL PARTNERS 9TH ANNUAL ENERGIZE CONFERENCE – Gulfmark Offshore, Inc. – slide 5
    Benefits of Geographic Diversification 6
  6. THE PRITCHARD CAPITAL PARTNERS 9TH ANNUAL ENERGIZE CONFERENCE – Gulfmark Offshore, Inc. – slide 6
    Gulf of Mexico: Deepwater Utilization on Recovery Decreased ec eased Exposure posu e to oUU.S. S Gu Gulf o of Mexico e co by Approximately pp o a e y 50% Lower Utilization, but also Lower Revenue Exposure in the U.S. Gulf of…
  7. THE PRITCHARD CAPITAL PARTNERS 9TH ANNUAL ENERGIZE CONFERENCE – Gulfmark Offshore, Inc. – slide 7
    The GulfMark Fleet 8
  8. THE PRITCHARD CAPITAL PARTNERS 9TH ANNUAL ENERGIZE CONFERENCE – Gulfmark Offshore, Inc. – slide 8
    Young & Versatile Fleet Number of Vessels We Built Per Year 16 16 15 Pre 15 14 1990 14 7% umber of Vessels Built 13 13 12 1990 -1999 12 11 16% 11 10 Built or Aquired 10 9 Since Jan 2000 9 8 8 7 77% 7 Nu 6 6 5 5 4…
  9. THE PRITCHARD CAPITAL PARTNERS 9TH ANNUAL ENERGIZE CONFERENCE – Gulfmark Offshore, Inc. – slide 9
    Vessel Dispositions Demonstrate Long--Term Value Long Sales Price as Year a Percentage Vessel of Year Age at Sales Original of Original Name Sale Built Disposal Price Cost Cost Highland Pioneer 2011 1983 28 2,850,000 4,699,301…
  10. THE PRITCHARD CAPITAL PARTNERS 9TH ANNUAL ENERGIZE CONFERENCE – Gulfmark Offshore, Inc. – slide 10
    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…
  11. THE PRITCHARD CAPITAL PARTNERS 9TH ANNUAL ENERGIZE CONFERENCE – Gulfmark Offshore, Inc. – slide 11
    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…
  12. THE PRITCHARD CAPITAL PARTNERS 9TH ANNUAL ENERGIZE CONFERENCE – Gulfmark Offshore, Inc. – slide 12
    New Build Program Announced Two MMC 887 CD 1000m Deck Area DP II MAIN PARTICULARS Remontowa Shipyard, Poland L Large C Cargo C Capacities iti LOA 88.93 m Delivery Q2/2013 Q3/2013 Beam 18.80 m Depth 7.40 m DWT 5100 T Max…
  13. THE PRITCHARD CAPITAL PARTNERS 9TH ANNUAL ENERGIZE CONFERENCE – Gulfmark Offshore, Inc. – slide 13
    New Build Program Contd One MMC 879 CD 846m Deck Area DPII MAIN PARTICULARS Remontowa Shipyard, Poland L Large C Cargo C Capacities iti LOA 79.45 m Delivery Q3/2013 Beam 16.80 m Depth 7.40 m DWT 4000 T Max Dr 6.00 m Speed…
  14. THE PRITCHARD CAPITAL PARTNERS 9TH ANNUAL ENERGIZE CONFERENCE – Gulfmark Offshore, Inc. – slide 14
    New Build Program Contd Two UT 755 XL 715m Deck Area DPII MAIN PARTICULARS Rosetti Shipyard, Italy L Large C Cargo C Capacities iti LOA 74.95 m Delivery Q4/2013 Q1/2014 Beam 16.00 m Depth 7.00 m DWT 3000 T Max Dr 5.80 m…
  15. THE PRITCHARD CAPITAL PARTNERS 9TH ANNUAL ENERGIZE CONFERENCE – Gulfmark Offshore, Inc. – slide 15
    New Build Program Contd One ST-216 Arctic 1050m Deck Area DPII MAIN PARTICULARS Siemek A/S Shipyard, Flekkefjord, Norway L Large C Cargo C Capacities iti LOA 92.60 m Delivery Q2/2013 Beam 19.20 m Depth 8.40 m DWT 4700 T Max…
  16. THE PRITCHARD CAPITAL PARTNERS 9TH ANNUAL ENERGIZE CONFERENCE – Gulfmark Offshore, Inc. – slide 16
    Planned Locations for New Build Vessels (Map of North Sea) 17
  17. THE PRITCHARD CAPITAL PARTNERS 9TH ANNUAL ENERGIZE CONFERENCE – Gulfmark Offshore, Inc. – slide 17
    Stretch Project 18
  18. THE PRITCHARD CAPITAL PARTNERS 9TH ANNUAL ENERGIZE CONFERENCE – Gulfmark Offshore, Inc. – slide 18
    Financial Information 19
  19. THE PRITCHARD CAPITAL PARTNERS 9TH ANNUAL ENERGIZE CONFERENCE – Gulfmark Offshore, Inc. – slide 19
    Current Debt Structure 160 million illi S Sr. N Notes, t 7 7.75% 75% Matures July 2014 Current Call Premium of 1.292%, or 2.1 million 200 million Term-Loan, LIBOR+2.5%, 141.7 million Outstanding Goes to Current…
  20. THE PRITCHARD CAPITAL PARTNERS 9TH ANNUAL ENERGIZE CONFERENCE – Gulfmark Offshore, Inc. – slide 20
    Consistent Reduction in Net Debt Position 500,000 40% 450,000 NetDebt to 35% Total Book 400,000 Capitalization NeetDebt Finalization of Previous NewBuild 30% 350 000 350,000 Program 25% 300,000 250,000 20%…
  21. THE PRITCHARD CAPITAL PARTNERS 9TH ANNUAL ENERGIZE CONFERENCE – Gulfmark Offshore, Inc. – slide 21
    Strong Customer Base Smaller Independents & Others Super Majors & Super Majors & 31% National Oil Companies 43% Majors & Large Majors & Large Independents 26% Note: Percentages Based on Vessel Count as of…
  22. THE PRITCHARD CAPITAL PARTNERS 9TH ANNUAL ENERGIZE CONFERENCE – Gulfmark Offshore, Inc. – slide 22
    Quarter Ended September 30, 2011 (in thousands of dollars, excluding special items) Consolidating Income Statement for the Three Months Ended Sep 30, 2011 Southeast North Sea Asia Americas Total Revenues 49,176 16,660 37,942 103,778…
  23. THE PRITCHARD CAPITAL PARTNERS 9TH ANNUAL ENERGIZE CONFERENCE – Gulfmark Offshore, Inc. – slide 23
    Investment Highlights Industry y Leaders in HSE Performance & People p Development p Strong Demand for Modern Offshore Marine Equipment Global Presence and Operations p Expertise p Financial Stability & Flexibility to Pursue…
  24. THE PRITCHARD CAPITAL PARTNERS 9TH ANNUAL ENERGIZE CONFERENCE – Gulfmark Offshore, Inc. – slide 24
    Reconciliation of Adjusted EBITDA TTM 2002 2003 2004 2005 2006 2007 2008 2009 2010 Q3 2011 Net (loss) income 24.0 0.5 (4.6) 38.4 89.7 99.0 183.8 50.6 (34.7) 41.5 Interest expense, net 10.9 12.8 17.0 18.4 14.4 4.8 12.8 19.9 20.7…
  25. THE PRITCHARD CAPITAL PARTNERS 9TH ANNUAL ENERGIZE CONFERENCE – Gulfmark Offshore, Inc. – slide 25
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  26. THE PRITCHARD CAPITAL PARTNERS 9TH ANNUAL ENERGIZE CONFERENCE – Gulfmark Offshore, Inc. – slide 26
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  27. THE PRITCHARD CAPITAL PARTNERS 9TH ANNUAL ENERGIZE CONFERENCE – Gulfmark Offshore, Inc. – slide 27
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