Navigating the present, focusing on the future. TPH 2015 HOTTER N HELL CONFERENCE June 17, 2015
Who We Are Helix is a specialty deepwater service provider to the offshore energy industry, focusing on expanding our subsea infrastructure services in Well Intervention and Robotics. Navigating the present, focusing on the…
Deepwater Subsea Services Well Intervention: Entering a wellbore to initiate, enhance, restore or decommission production as part of the wells natural life cycle. Robotics: Providing remotely operated vehicles (ROVs) to perform…
Well Intervention Navigating the present, focusing on the future. 5
Well Intervention Overview Navigating the present, focusing on the future. 6
Well Intervention Current Asset Base Q4000 H534 Intervention Riser Systems Well Enhancer Skandi Constructor (chartered vessel) Seawell Navigating the present, focusing on the future. 7
Future Well Intervention Growth Q5000 Available for service in Late Q7000 Under Construction 2015 Intervention Riser Systems Siem Helix 1, 2 In Service 2016 Navigating the present, focusing on the future. 8
Aging Global Subsea Wellhead Count Total Cumulative Subsea Wells Installed Worldwide since 1990 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 1,000 - Source: Quest Offshore Resources, Energy Database Data as…
Robotics Navigating the present, focusing on the future. 10
Robotics Overview Helix provides ROVs and crews to perform subsea tasks, including: Umbilical and flowline trenching services Geotechnical coring Comprehensive workclass ROV services Dynamically positioned ROV support vessels…
Robotics Assets 55 Workclass ROVs 5 Trenchers 2 ROV Drills: The backbone of the fleet, The key to pipeline Provide seabed capable of performing a installation in heavily composition intelligence for broad array of subsea…
Chartered Vessel Fleet Grand Canyon I, II Deep Cygnus Olympic Canyon Rem Installer Navigating the present, focusing on the future. 13
Chartered Vessel Fleet Currently five vessels under long-term charter Grand Canyon III vessel scheduled to enter fleet in 2016 as a combination of fleet enhancement / replacement Spot vessels are continually added and subtracted…
Future Robotics Growth Newbuild chartered vessels optimized for renewable energy markets, as well as oil & gas markets Additional work-class ROVs for current and emerging markets Trenchers for burial operations worldwide…
What Sets Helix Apart in Robotics Oil & Gas Renewable Energy Subsea Mining Specialty Services Helix charters its ROV support vessels, ensuring a modern fleet that can expand and contract based on regional requirements A fleet…
Production Facilities Navigating the present, focusing on the future. 17
Production Facilities Independence Hub Semi (20%) Location: Mississippi Canyon (GOM) Partner: Enterprise Products Operator: Anadarko Marco Polo TLP (50%) Location: Green Canyon (GOM) Partner: Enterprise Products Operator:…
Debt & Liquidity Navigating the present, focusing on the future. 19
Debt Instrument Profile Pro forma for Q5000 Term Loan Debt Instrument Profile at 3/31/2015 Total funded debt of 816 million at end of Q1 2015 ( in millions) 200 million Convertible Senior Notes 3.25% 1 500 (181 million net of…
2015 Outlook Navigating the present, focusing on the future. 22
2015 Outlook ( in millions, except per share data) 2015 2014 Outlook Actual Revenues 840 1,107 EBITDA 200 240 378 CAPEX 360 357 Earnings per share (1) 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 (in dry dock for most of Q2) is expected to have good utilization in 2015; new three year contract award commenced in 2015 The Q5000 arrives GOM…
2015 Outlook REM Installer to continue serving GOM market in 2015; recently awarded preferred contractor status with Technip USA, which is expected to provide baseline utilization for the vessel in 2015 Olympic Canyon to continue…
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…
Beyond 2015 Helix is well positioned to weather the down cycle Approximately 850 million of remaining capital commitments as of March 31, 2015 Liquidity of 1.0 billion as of March 31, 2015 Helix is focusing on positioning for a…
Navigating the present, focusing on the future. HLX Listed NYSE Follow Helix on Twitter - Helix_ESG www.linkedin.com/company/helix-energy-solutions-group
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