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Q2 2009 EARNINGS CALL – Cal Dive International

Cal Dive International · Jul 30, 2009 · 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 2009 EARNINGS CALL – Cal Dive International – slide 1
    Cal Dive International 2nd Quarter 2009 Earnings Conference Call July 30, 2009
  2. Q2 2009 EARNINGS CALL – Cal Dive International – slide 2
    Presentation Outline Summary of 2nd Quarter 2009 Results Discussion of Financial Results Non-GAAP Reconciliations Questions and Answers 3
  3. Q2 2009 EARNINGS CALL – Cal Dive International – slide 3
    Summary of 2Q Results Successful progress on China and Mexico projects. Continuation of GOM hurricane salvage & repair activity. New construction projects in GOM and US East Coast. Helix reduction in ownership from 51% to 26%.…
  4. Q2 2009 EARNINGS CALL – Cal Dive International – slide 4
    Backlog 500 484 400 402 350 300 (MM) 284 200 100 0 6/30/2009 3/31/2009 12/31/2008 6/30/2008 5
  5. Q2 2009 EARNINGS CALL – Cal Dive International – slide 5
    Summary of Financial Results (all amounts in thousands, except per share amounts and percentages) 2nd Quarter 2009 2008 Revenues 260,316 171,970 Gross Profit 70,761 47,256 Margins 27.2% 27.5% Net Income 28,627 16,901 Margins…
  6. Q2 2009 EARNINGS CALL – Cal Dive International – slide 6
    Key Statistics Three Months Six Months Ended June 30, Ended June 30, 2009 2008 2009 2008 Effective Utilization (1) - Saturation Diving Vessels 89% 92% 90% 80% Surface Diving Vessels 70% 63% 66% 45% Construction Barges 50% 39%…
  7. Q2 2009 EARNINGS CALL – Cal Dive International – slide 7
    International Revenue 2Q 2009 YTD 2Q 2009 68% 62% 176m 83m 32% 38% 2Q 2008 YTD 2Q 2008 73% 63% 46m 118m 27% 37% Domestic International 8
  8. Q2 2009 EARNINGS CALL – Cal Dive International – slide 8
    Financial Flexibility As of June 30, 2009 Net Debt to Book Capitalization (1) 31% Cash on Hand Net Debt 87 million 300M Revolving Credit Facility 63% Available Capacity (190m) Letters of Credit (1) Calculated as…
  9. Q2 2009 EARNINGS CALL – Cal Dive International – slide 9
    Non-GAAP Reconciliations 10
  10. Q2 2009 EARNINGS CALL – Cal Dive International – slide 10
    Reconciliation of Non-GAAP Financial Measures (all amounts in thousands) 2nd Quarter 2009 2008 EBITDA (unaudited) 65,838 48,482 Less: Depreciation & Amortization 18,879 17,675 Less: Non-Cash Stock Comp. Expense 1,758 1,481…

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