Dynamically Positioned Johnson Rice & Company Energy Conference October 3, 2012
Who We Are Helix is a specialty deepwater service provider to the offshore energy industry, focused on expanding our dynamically positioned fleet and growing our subsea infrastructure services in Well Intervention and Robotics.…
Contracting Services Provider Strategic Areas of Focus Well Intervention: Entering a wellbore to initiate, enhance or restore production as part of the wells natural life cycle Robotics: Providing remotely operated vehicles…
WELL INTERVENTION Dynamically Positioned for Growth 5
Well Intervention Overview Well intervention involves entering a wellbore in order to initiate, maximize or abandon production across the life of a well. Straddles or patches to Milling or high pressure repair tubing jetting to…
Well Intervention Assets Seawell Q4000 Well Enhancer Helix 534 Skandi Constructor (chartered vessel) Q-Plus 7
What Sets Helix Apart in Well Intervention The Helix fleet pioneered modern deepwater well intervention techniques o MSV Seawell, the industrys first dedicated monohull light well intervention vessel o MODU Q4000, the industrys first…
ROBOTICS Expanding the Fleet to Meet Growing Demand 9
Robotics Overview Helix provides ROVs and crews to perform subsea tasks, including: o Umbilical and flowline trenching services o Geotechnical coring o Comprehensive workclass ROV services o Dynamically positioned ROV support…
Robotics Assets 45 Work-class ROVs the backbone of the fleet, capable of performing a broad array of subsea construction and well intervention tasks 4 Trenching ROVs key to pipeline installation in heavily-trafficked waters 2 Coring…
What Sets Helix Apart in Robotics Helix charters its ROV support vessels, ensuring a modern fleet that can expand and contract based on regional requirments A fleet of advanced vehicles, including several units custom-built to…
Future Robotics Growth Grand Canyon under construction in Norway T1200 trencher being deployed Additional work-class ROVs for current and emerging markets Newbuild charter vessels optimized for renewable energy markets, as well…
SUBSEA CONSTRUCTION 14
Subsea Construction Assets DP Reel Lay Vessel Express Dual-reel pipelay and subsea construction vessel has an extensive track record of field installation projects around the world. DP S-Lay Vessel Caesar Caesars onboard pipe…
PRODUCTION FACILITIES 16
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…
OIL & GAS Gulf of Mexico Oil and Gas Producer 18
Oil & Gas Business Proven Our proven ability to exploit reserves in a Exploratory cost-effective manner leads us to believe there is additional potential in our existing asset base SP 86 Current oil & gas assets are expected to HI…
Helix is Not a Traditional E&P Company Helixs oil and gas production generates cash flow in support of its deepwater contracting services business; our focus is not on replacing reserves or adding to our E&P portfolio. Traditional…
BALANCE SHEET METRICS / 2012 OUTLOOK Convertible Notes Senior Unsecured Notes Term Loans / Revolver MARAD Debt 21
Debt Maturity Profile Total funded debt of 1.2 billion at end of Q2 Maturity Profile amounts in millions 2012 consisting of: o 358 million Convertible Notes 3.25%(A) 500 477 (321 million net of unamortized debt discount) o 377…
Financial Outlook 2012 Outlook 2012 Outlook Broad Metrics 2011 Actual (revised) (original) Oil and Gas 7.0 MMBoe 7.5 MMBoe 8.7 MMBoe Production EBITDAX 600 million 600 million 669 million CAPEX 635 million 445 million 229…
Summary of July 2012 Dec 2013 Hedging Positions * Total Volume Pricing Swap Average Collar Price Oil (Bbls) Collars Swaps Hedged Basis Pricing Floor Ceiling 2012 450,000 - 450,000 WTI - 96.67 118.57 2012 594,500 579,500 1,174,000…
2012 Outlook Contracting Services o Strong backlog for the Q4000, Well Enhancer and Seawell through 2013 Q4000 building backlog into 2014 o Intrepid is now cold stacked, thus foregoing its scheduled regulatory dry dock in 2012 o…
2012 Outlook Oil and Gas o Forecasted 2012 overall production of approximately 7.0 MMboe, including Danny II (Bushwood field) expected to commence in Q4 (oil / liquids) Previously drilled Nancy gas well (Bushwood field) now…
2012 Outlook - Capex Capital Expenditures o Contracting Services (435 million) Announced new build semi submersible intervention vessel (approximately 130 million of capex in 2012) Approximately 63 million incurred thru Q2…
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