Dynamically Positioned Morgan Stanley Spring Houston Energy Summit May 1, 2012
WHO IS HELIX ESG Deepwater service provider to the offshore energy industry Focused on subsea infrastructure services with Entirely dynamically positioned fleet plus An emerging offshore renewable energy services capability…
Business Segments Well Intervention Oil and Gas Production Q4000 GOM shelf and deepwater Seawell Pre-tax PV-10 1.5 billion (1.3 billion oil)* Well Enhancer Estimated proved reserves 38,860 Mboe* Mobile VDS/SILs Estimated probable…
CONTRACTING SERVICES Dynamically Positioned for Growth 5
Strategically Differentiated Fleet iTrencher is one of the ROV fleet plays role in worlds largest trenchers offshore windfarms HPI is the Gulf of Mexicos first DP Floating Production Unit Full spread of assets in HFRS…
Positioned for Growth Q-Plus Semi-sub Work-class ROVs T1200 Trenching ROV Grand Canyon 7
Well Intervention Assets MSV DP3 Well Enhancer MSV DP2 Seawell MODU DP3 Q4000 8
Robotics The Helix ROV fleet consists of The state of the art iTrencher system Chartered vessels such as the 50+ vehicles, covering the trenches, lays pipe up to 16 in Deep Cygnus are being utilized to spectrum of subsea construction…
Offshore Renewable Energy Support 2011 non-oilfield revenues of 42 million on power cable burial projects Provide trenching, cable burial and ROV support for offshore wind farm development o Current focus on export lines (field to…
Subsea Construction Vessels DP Reel Lay Vessel Express Helixs dual-reel pipelay and subsea construction vessel has established an extensive track record of field installation projects around the world. DP Reel Lay Vessel…
Production Facilities Independence Hub Semi (20%) Location: Mississippi Canyon 920 Depth: 8,000 ft. Production capacity: o 1 BCFD Marco Polo TLP (50%) Location: Green Canyon 608 Depth: 4,300 ft. Production capacity: o 120,000…
Helix Fast Response System (HFRS) Utilizes vessels and subsea systems 24 independent E&P operators have signed on to include HFRS in proven in Gulf of Mexico spill response drilling permit applications and containment efforts…
OIL & GAS Gulf of Mexico Oil and Gas Producer 14
Oil and Gas 12/31/2011 Reserve Profile 38,860 Mboe Estimated Proved Reserves 19,951 Mboe Estimated Probable Reserves 44% Deepwater Gulf of Mexico (Proved) 58% Oil (Proved) 58% proved developed Pre-tax PV-10 1.5 billion (1.3 billion…
Oil and Gas Reserve Highlights At December 31, 2011 Proved Proved Total Developed Undeveloped Total Estimated Reserves (Mboe) 22,731 16,129 38,860 Shelf 12,881 8,687 21,568 Deepwater 9,850 7,441 17,291 Oil (Mbbls) 12,754 9,935…
Debt Maturity Profile Maturity Profile Total funded debt of 1.2 billion at end of Q1 amounts in millions 2012 consisting of: 500 479 o 358 million Convertible Notes 3.25%(A) (319 million net of unamortized debt discount) 400 o…
2012 OUTLOOK Positive Market Outlook 20
2012 Outlook 2012 Outlook 2012 Outlook Broad Metrics 2011 Actual (revised) (original) Oil and Gas 7.5 MMBoe 7.5 MMBoe 8.7 MMBoe Production EBITDAX 600 million 600 million 669 million CAPEX 450 million 445 million 229 million…
2012 Outlook Contracting Services o Strong backlog for the Q4000, Well Enhancer and Seawell through 2013 Q4000 building backlog into 2014 o Intrepid completing repairs and working on LLOG and Nexen projects before entering dry…
2012 Outlook Oil and Gas o Forecasted 2012 overall production of 7.5 MMboe, including Danny 2 (Bushwood field) exploration well Danny 2 production commences Q4 Well expected to spud late April Wang (Phoenix field) expected to be…
2012 Outlook - CAPEX Capital Expenditures o Contracting Services (260 million) Announced new build semi submersible intervention vessel (approximately 130 million of capex in 2012) 60 million incurred in Q1 Regulatory dry docks…
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