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Q2 2013 EARNINGS CALL – Cal Dive International

Cal Dive International · Aug 8, 2013 · 10 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. Q2 2013 EARNINGS CALL – Cal Dive International – slide 1
    Cal Dive International 2nd Quarter 2013 Earnings Conference Call
  2. Q2 2013 EARNINGS CALL – Cal Dive International – slide 2
    Presentation Outline Summary of 2Q 2013 Backlog Discussion of Financial Results Non-GAAP Reconciliations Q&A 3
  3. Q2 2013 EARNINGS CALL – Cal Dive International – slide 3
    Summary of 2Q 2013 65% of total revenues from international markets. Awarded two new contracts in Mexico totalling 187 million, in addition to the 63 million contract award in 1Q. Projects won at higher margins compared to last few…
  4. Q2 2013 EARNINGS CALL – Cal Dive International – slide 4
    Backlog ( millions) 500 450 400 350 300 250 200 150 100 50 0 2Q08 2Q09 2Q10 2Q11 2Q12 1Q13 2Q13 (1) Backlog related to Macondo cleanup activities. (1) Backlog for second quarter 2013 does not include 40…
  5. Q2 2013 EARNINGS CALL – Cal Dive International – slide 5
    Financial Results ( thousands, except per share amounts and percentages) Three Months Six Months Ended June 30, Ended June 30, 2013 2012 2013 2012 Revenues 120,986 120,321 201,905 180,338 Gross Profit (Loss) 2,630 153 (8,887)…
  6. Q2 2013 EARNINGS CALL – Cal Dive International – slide 6
    Utilization Utilization only includes Company-owned assets and does not reflect activity from chartered vessels or third party vessels. Three Months Six Months Ended June 30, Ended June 30, 2013 2012 2013 2012 Effective…
  7. Q2 2013 EARNINGS CALL – Cal Dive International – slide 7
    Revenue Breakdown ( millions) 53% Domestic International 225 200 175 150 77 47% 43% 137 125 68% 100 47 39% 78 65% 73% 75 49% 103 50 73 57% 65 61% 43 32% 25 35% 51% 0 27% 2Q 2012 2Q 2013 YTD 2Q 2012 YTD 2Q…
  8. Q2 2013 EARNINGS CALL – Cal Dive International – slide 8
    Debt & Liquidity ( millions) Secured Term Loan Net Secured Debt (1) 400 6.0x to EBITDA 350 5.0x 300 4.0x 250 200 3.0x 5.4x 150 4.6x 2.0x 3.3x 100 2.8x 3.1x 1.0x 2.2x 50 0 0.0x 2007 2008 2009 2010 2011 2012 2Q13 1Q12 2Q12…
  9. Q2 2013 EARNINGS CALL – Cal Dive International – slide 9
    Non-GAAP Reconciliations 10
  10. Q2 2013 EARNINGS CALL – Cal Dive International – slide 10
    EBITDA Reconciliations ( thousands) Three Months Six Months Ended June 30, Ended June 30, 2013 2012 2013 2012 EBITDA (unaudited) 10,202 10,672 3,681 (1,282) Less: Depreciation & amortization 13,631 15,914 27,811 30,550 Less:…

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