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2014 TPH HOTTER N HELL CONFERENCE – Gulfmark Offshore, Inc.

Gulfmark Offshore, Inc. · Jun 20, 2014 · 23 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. 2014 TPH HOTTER N HELL CONFERENCE – Gulfmark Offshore, Inc. – slide 1
    2014 TPH Hotter N Hell Conference June 2014 1 GulfMark GulfMark A Offshore, Offshore, Inc. Inc. company NYSE:GLF GULFMARK.COM
  2. 2014 TPH HOTTER N HELL CONFERENCE – Gulfmark Offshore, Inc. – slide 2
    Long Term Revenue & EBITDA (USD in Millions) 700 100% Utilization 90% 600 80% 500 70% 60% 400 Utilization 50% 300 40% 200 30% 20% 100 10% 0 0% 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011…
  3. 2014 TPH HOTTER N HELL CONFERENCE – Gulfmark Offshore, Inc. – slide 3
    The GulfMark Fleet 4
  4. 2014 TPH HOTTER N HELL CONFERENCE – Gulfmark Offshore, Inc. – slide 4
    Global Vessel Solutions 5 As at end of Q1 2014
  5. 2014 TPH HOTTER N HELL CONFERENCE – Gulfmark Offshore, Inc. – slide 5
    Fleet Growth 6 As at end of Q1 2014
  6. 2014 TPH HOTTER N HELL CONFERENCE – Gulfmark Offshore, Inc. – slide 6
    Young & Versatile Fleet Vessel Vintage by Year 14 13 12 11 10 Number of Vessels 9 Current 8 New Build Program 7 6 5 4 3 2 1 0 Vessels in Current Fleet Recent Market Purchases Vessel Disposals Vessels Under…
  7. 2014 TPH HOTTER N HELL CONFERENCE – Gulfmark Offshore, Inc. – slide 7
    A Changing Environment Significant number of new generation rigs allows for increased activity in: Deepwater Remote drilling locations Harsh environment Industry and regulatory call for higher specification vessels for: Complex…
  8. 2014 TPH HOTTER N HELL CONFERENCE – Gulfmark Offshore, Inc. – slide 8
    The New Breed Of PSV GULFMARKS ARCTIC CLASS 9
  9. 2014 TPH HOTTER N HELL CONFERENCE – Gulfmark Offshore, Inc. – slide 9
    New Construction Delivery Schedule 300 Class Europe 887 DEFENDER July 10, 2013 300 Class Arctic Europe Arctic POMOR July 26, 2013 280 Class Europe 879 CHIEFTAIN September 14, 2013 300 Class Europe 887 GUARDIAN September 26,…
  10. 2014 TPH HOTTER N HELL CONFERENCE – Gulfmark Offshore, Inc. – slide 10
    Vessel Enhancement Schedule Eight 210 Class PSVs being lengthened to 260 Class DEFENDER POMOR Phase II: 210 Class to 260 Class St. Louis COMPLETED CHIEFTAIN September 30, 2013 2 complete in 2013 DEFENDER 2 complete in 2014…
  11. 2014 TPH HOTTER N HELL CONFERENCE – Gulfmark Offshore, Inc. – slide 11
    Secondary Market Vessel Purchases Average one vessel purchase per year for last three years Two in 2012: One 2010-built DP2 PSV for US GoM One 2006-built DP2 PSV for UK North Sea One in 2014: 2012-built DP2 PSV for UK North…
  12. 2014 TPH HOTTER N HELL CONFERENCE – Gulfmark Offshore, Inc. – slide 12
    DEMAND DRIVERS 13 13
  13. 2014 TPH HOTTER N HELL CONFERENCE – Gulfmark Offshore, Inc. – slide 13
    Rig Count Growth North Sea FLOATING RIGS Drilling 35 Scheduled Arrivals/Activations 9 (through 2015) % Increase 26% JACKUPS Drilling 40 Scheduled Arrivals 5 (through 2015) % Increase 13% Source: IHS Petrodata as of…
  14. 2014 TPH HOTTER N HELL CONFERENCE – Gulfmark Offshore, Inc. – slide 14
    Floating Rig Count Growth U.S. GoM FLOATING RIGS IN U.S. GOM Currently Drilling 39 Net Additions 10 (through Q4 2015) % Increase 26% Source: IHS Petrodata as of 6/11/14 15
  15. 2014 TPH HOTTER N HELL CONFERENCE – Gulfmark Offshore, Inc. – slide 15
    Vessel To Rig Ratio U.S. Gulf of Mexico 10.0 1 9.0 8.3 Historic Forecast 0.9 8.1 8.0 0.8 7.0 6.5 0.7 6.0 0.6 5.3 5.2 5.0 5.0 4.7 0.5 4.5 4.5 4.4 4.5 4.4 4.5 4.5 4.4 4.3 4.4 4.4 4.3 4.0 0.4 3.0 0.3 2.0 0.2…
  16. 2014 TPH HOTTER N HELL CONFERENCE – Gulfmark Offshore, Inc. – slide 16
    FINANCIAL INFORMATION 17 17
  17. 2014 TPH HOTTER N HELL CONFERENCE – Gulfmark Offshore, Inc. – slide 17
    Revenue 18 As at end of Q1 2014
  18. 2014 TPH HOTTER N HELL CONFERENCE – Gulfmark Offshore, Inc. – slide 18
    Day Rate in Backlog Remains Strong (USD in Millions) 1,000 25,000 900 800 20,000 700 Day Rate 600 15,000 500 400 10,000 300 200 5,000 100 0 0 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2…
  19. 2014 TPH HOTTER N HELL CONFERENCE – Gulfmark Offshore, Inc. – slide 19
    Net-Debt Position (USD in Millions) 600 35% Target Range 30% Net-Debt to Total Book Capitalization 500 25% Debt Net- 400 20% 300 15% 200 10% 100 5% 0 0% Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2…
  20. 2014 TPH HOTTER N HELL CONFERENCE – Gulfmark Offshore, Inc. – slide 20
    2014 - 2015 Non-Operating Uses of Cash Use 2014E 2015E (USD in Millions) New Build Program 98 60 Acquisitions & Enhancements 69 10 Sub-Total 167 70 Dividends 26 26 Total Cash Uses 193 96 21
  21. 2014 TPH HOTTER N HELL CONFERENCE – Gulfmark Offshore, Inc. – slide 21
    Reconciliation Of Adjusted EBITDA As of Mar 31st 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 TTM Net (loss) income (4.6) 38.4 89.7 99.0 183.8 50.6 (34.7) 49.9 19.3 70.6 84.3 Interest expense, net 17.0 18.4 14.4 4.8 12.8 19.9…
  22. 2014 TPH HOTTER N HELL CONFERENCE – Gulfmark Offshore, Inc. – slide 22
    The Difference Is Our People A23GulfMark Offshore, Inc. company NYSE:GLF GULFMARK.COM
  23. 2014 TPH HOTTER N HELL CONFERENCE – Gulfmark Offshore, Inc. – slide 23
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