Navigating the present, focusing on the future. First Quarter 2015 Conference Call April 21, 2015
Presentation Outline Executive Summary (pg. 4) Operational Highlights by Segment (pg. 8) Key Balance Sheet Metrics (pg. 13) 2015 Outlook (pg. 16) Non-GAAP Reconciliations (pg. 21) Questions & Answers Work class ROV XLX…
Executive Summary Navigating the present, focusing on the future. 4
Executive Summary ( in millions, except per share data) Three Months Ended Year Ended 3/31/2015 3/31/2014 12/31/2014 Revenues 190 254 207 Gross profit: 35 76 33 18% 30% 16% Net income applicable to common shareholders 20 54 8…
Executive Summary Q1 2015 earnings of 0.19 per diluted share compared to 0.08 per diluted share in Q4 2014 68% utilization of well intervention vessels in the first quarter Q4000 on-hire for the entire quarter; 91% utilization in…
Executive Summary Balance Sheet Liquidity* of approximately 1 billion at 3/31/2015 Cash and cash equivalents totaled 415 million at 3/31/2015 Net debt of 131 million at 3/31/2015 See updated debt instrument profile on slide…
Operational Highlights Navigating the present, focusing on the future. 8
Business Segment Results ( in millions) 68% utilization across the well intervention fleet Three Months Ended Q4000 utilized 91%; 71% utilization of 3/31/2015 3/31/2014 12/31/2014 the H534 in the quarter Well Enhancer fully utilized…
Well Intervention Gulf of Mexico Q4000 was 91% utilized during Q1; IRS mechanical issues encountered in January Helix 534 was 71% utilized during the quarter; vessel was idle for 26 days IRS no. 2 remained on hire for the entire…
Robotics 86% chartered vessel fleet utilization in Q1 26 days utilized on a spot vessel supporting the REM Installer 61% utilization for ROVs, trenchers and ROVDrill Grand Canyon fully utilized on a cable burial project offshore…
Utilization 100% 91% 86% 79% 80% 80% 75% 73% 68% 67% 61% 60% Q1 2015 Q4 2014 40% Q1 2014 20% 0% Well Intervention Vessels ROV and Trencher Support Vessels ROVs and Trenchers Skandi Constructor 1 Olympic Canyon 1…
Key Balance Sheet Metrics Navigating the present, focusing on the future. 13
Debt Instrument Profile Total funded debt of 566 million at end of Q1 2015: Debt Instrument Profile at 3/31/2015 ( in millions) 200 million Convertible Senior Notes 3.25% 1 (181 million net of unamortized debt discount) 500 274…
2015 Outlook Navigating the present, focusing on the future. 16
2015 Outlook ( in millions, except per share data) 2015 2014 Outlook Actual Revenues 840 1,107 EBITDA 200 240 378 CAPEX 360 357 (1) Earnings per share 0.55 0.70 1.85 Revenue Split: Well Intervention 475 668 Robotics 320 420…
2015 Outlook Total backlog as of March 31, 2015 was approximately 2.1 billion The Q4000 (currently in dry dock for an estimated 45 days) is expected to have good utilization in 2015; new three year contract award commences in 2015 A…
2015 Outlook Robotics market impacted by the same macro conditions affecting energy markets REM Installer to continue serving GOM market in 2015; recently awarded preferred contractor status with major subsea construction client,…
2015 Outlook Capex 2015 capex is currently forecasted at approximately 360 million, consisting of the following: 260 million in growth capital; primarily for newbuilds currently underway, including: 155 million for Q5000 40 million…
Non-GAAP Reconciliations Navigating the present, focusing on the future. 21
Non-GAAP Reconciliations ( in millions) Three Months Ended Year Ended 3/31/2015 3/31/2014 12/31/2014 Net income applicable to common shareholders 20 54 8 Adjustments: Net income applicable to noncontrolling interests - 1 - Income…
Navigating the present, focusing on the future. HLX Listed NYSE Follow Helix on Twitter - Helix_ESG www.linkedin.com/company/helix
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