Skip to main content Q3 2014 EARNINGS CALL – Cal Dive International Investor Presentation | Shale Experts
Loading...
Pm

Q3 2014 EARNINGS CALL – Cal Dive International

Cal Dive International · Nov 6, 2014 · 11 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. Q3 2014 EARNINGS CALL – Cal Dive International – slide 1
    Cal Dive International 3rd Quarter 2014 Earnings Conference Call
  2. Q3 2014 EARNINGS CALL – Cal Dive International – slide 2
    Presentation Outline Summary of 3Q 2014 Backlog Discussion of Financial Results Non-GAAP Reconciliations Q&A 3
  3. Q3 2014 EARNINGS CALL – Cal Dive International – slide 3
    Summary of 3Q 2014 Mexico Decline in Mexico revenues quarter-over-quarter Completed second project in early November Continued Pemex delays on remaining two suspended projects; approximately 80% complete on two suspended projects…
  4. Q3 2014 EARNINGS CALL – Cal Dive International – slide 4
    Backlog ( millions) 340 350 300 148 250 200 149 230 150 233 221 224 100 192 125 50 24 0 3Q10 3Q11 3Q12 3Q13 3Q14 Pemex related backlog. 5
  5. Q3 2014 EARNINGS CALL – Cal Dive International – slide 5
    Financial Results ( thousands, except per share amounts and percentages) Three Months Nine Months Ended September 30, Ended September 30, 2014 2013 2014 2013 Revenues 114,583 155,246 355,376 357,151 Gross profit (loss) (2,219)…
  6. Q3 2014 EARNINGS CALL – Cal Dive International – slide 6
    Revenue Breakdown (in millions) 53% 400 357 355 350 300 47% 250 243 257 200 155 70% 73% 49% 115 150 88% 106 73% 100 62 68% 54% 114 98 50 49 53 27% 12% 30% 27% 32% 46% 55% 0 3Q 2013 3Q 2014 YTD 2013 YTD…
  7. Q3 2014 EARNINGS CALL – Cal Dive International – slide 7
    Utilization Utilization only includes Company-owned assets and does not reflect activity from chartered vessels or third party vessels. Three Months Nine Months Ended September 30, Ended September 30, 2014 2013 2014 2013…
  8. Q3 2014 EARNINGS CALL – Cal Dive International – slide 8
    Debt Levels (in millions) Funded Debt 300 286 264 250 212 86 86 200 160 150 106 100 235 100 86 100 165 150 50 106 100 74 78 - 2009 2010 2011 2012 2013 June 30, 2014 September 30, 2014 First Lien Secured Debt -…
  9. Q3 2014 EARNINGS CALL – Cal Dive International – slide 9
    Liquidity and Debt Refinancing Liquidity has been constrained due to continued delays on Pemex projects in Mexico and the seasonal ramp up in activity in the U.S. GoM 9.6 million cash at September 30, 2014 Fully drawn on revolver…
  10. Q3 2014 EARNINGS CALL – Cal Dive International – slide 10
    Non-GAAP Reconciliations 11
  11. Q3 2014 EARNINGS CALL – Cal Dive International – slide 11
    EBITDA Reconciliations (all amounts in thousands) Three Months Nine Months Ended September 30, Ended September 30, 2014 2013 2014 2013 Loss attributable to Cal Dive (42,629) (16,800) (84,755) (36,118) Net interest expense 9,571…

From the store

Browse maps, data & reports in the Shale Experts store