GulfMark Offshore, Inc Barclays CEO Energy-Power Conference 2013
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 2013 TTM Revenue EBITDA* *…
Long Term Revenue & EBITDA (in millions of dollars) 700 700 600 Pro Forma for July 1, 2008 Acquisition 600 500 Prior Up-Cycle Incremental EBITDA Margins Average 72% 500 Substantial Fleet Upgrades Since 2008 400 400 11 New…
Total Revenue in Backlog (in thousands of dollars) 1,000,000 25,000 900,000 Day Rate in 22,500 Backlog 800,000 20,000 700,000 17,500 600,000 15,000 Day Rate in Backlog Dollars in Backlog 500,000 12,500 400,000…
Global Vessel Diversification North Sea Worldwide PSV 21 PSV 50 US Gulf SpV 1 AHTS 17 PSV 15 FSV 3 FSV 2 SpV 2 Total 72 SE Asia Mexico PSV 4 West Africa AHTS 2 4 AHTS 12 AHTS 1 PSV 1 Australia Trinidad PSV 1 PSV 2 AHTS 2 Gulf…
A Changing Environment Significant Number Of New Generation Rigs on Order New Frontier Activity Need for More Support Industry and Regulatory Call for Higher Specification Vessels: Deeper Waters and Harsher Environments Deepsea…
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 Program Summary North Sea 7 Newbuild Vessels 2 Large PSVs Delivered In July 2013, 2 More Expected During Q3 2013 DP2 Green PSVs (300 Class (2), 300 Class Arctic (2), 280 Class (1), 250 Class (2)) Staggered delivery of…
Vessel Enhancement Program Summary Phase 1: 190 to 230 Six Vessels Completed 2011-13 Avg. Cost Per Vessel 2.4 million Avg. Incremental Days Out of 77 Service Estimated Payback Period 13 months (Including Opportunity Cost) Return on…
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 300 Class Europe (Delivered) 300 Class Artic Europe (Delivered) 280 Class Europe 300 Class Europe 250 Class Europe 280 Class US 280 Class US 300 Class Artic Europe 250 Class Europe 300…
Market Drivers 15
Rig Count Growth in the North Sea Floating Rigs Active 44 Scheduled Arrivals/Activations 10 (through 2015) % Increase 23% Jackups Active 42 Scheduled Arrivals (through 2015) 11 % Increase 26% Source: IHS Petrodata 16
Rig Count Growth in the North Sea 70 Jackups 70 Maersk XL Maersk XL Enhanced 3, Noble Regina Allen, ENSCO 121, Enhanced 1 West Linus Seadrill TBA 2 60 Prospecter 1 Maersk XL 60 Noble Sam Seadrill TBA Enhanced 2 ENSCO 120 Turner…
Floating Rig Count Growth in the U.S. GOM Floating Rigs in U.S. GOM Active 37 Scheduled Arrivals (through Q1 2016) 21 % Increase 57% Source: IHS Petrodata 18
Floating Rig Count Growth in the U.S. GOM 60 Rowan Renaissance, Transocean TBN 2 60 Transocean TBN 1 Noble Tom Madden Deepwater Invictus, Maersk Deepwater Advanced 2, West Neptune, Noble Sam Croft Rowan Reliance Rowan Resolute, 50…
Worldwide Sub Sea Driving the Future Sub Sea Activity is Continuing to Expand Subsea Vessel Demand Expected to Increase 33% and Annual Expenditure double to 20.3 Billion by 2016 Cumulative Spend to Top 124 Billion Next Five Years…
Financial Information 21
Net Debt Position 500,000 40% Initiation of Current 450,000 New-Build Program Net-Debt to 35% Total Book 400,000 Capitalization Net-Debt Finalization of Previous New- 30% 350,000 Build Program 25% 300,000 250,000 20%…
Investment Highlights Industry Leaders in QHSE Performance & People Development Global Presence and Diverse Operations Expertise Financial Stability & Flexibility to Pursue Opportunities Growth through Acquisition and New…
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