Executive Summary Q4 2012 earnings (loss) per share of (1.64) per diluted share compared with 0.14 per diluted share in Q3 2012 o Impairment charge of 157.8 million (102.5 million, 0.98 per share after-tax) related to the pending sale…
Executive Summary Oil and Gas o Fourth quarter average production rate of 15.6 thousand barrels of oil equivalent per day (Mboe/d) 70% oil o Oil and gas production totaled 1.4 MMboe in Q4 2012 versus 1.5 MMboe in Q3 2012 o Avg…
Operational Highlights 8
Contracting Services ( in millions, except percentages) Quarter Ended 94% utilization for the Well 12/31/2012 12/31/2011 9/30/2012 Intervention fleet; Q4000 100% utilized for the fourth quarter Revenues (A) Two additional ROVs added…
Contracting Services Well Ops GOM Q4000 100% utilized during Q4 Full backlog thru 2014, plus pending commitments beyond Helix 534 expected to be placed in service in Q3 with full backlog the remainder of 2013 o Full backlog in 2014…
Contracting Services Robotics 87% chartered vessel utilization, 62% utilization for ROVs, trenchers, ROVDrills Two work class ROVs placed into service in Q4 Grand Canyon commenced work in both ROV and trenching services in Q4…
Contracting Services Subsea Construction Express had 57% utilization in Q4 working in the GOM Caesar had 100% utilization in Q4 working in Mexicos Bay of Campeche on accommodations project which continues thru July 2013 The…
Oil & Gas Financial Highlights ( in millions, except production and price data) (A) Fourth quarter 2012 impairment Quarter Ended 12/31/2012 12/31/2011 9/30/2012 charge of 138.6 million taken to reduce the book value of the Revenue 110…
Oil & Gas Operating Costs ( in millions, except per Boe data) Quarter Ended 12/31/2012 12/31/2011 9/30/2012 Total / Boe Total / Boe Total / Boe DD&A (A) 32 22.25 48 21.64 39 26.30 (B) Operating and Other: Operating Expenses 28 19.64…
Key Balance Sheet Metrics 16
Debt Maturity Profile Total funded debt of 1.1 billion at end of Q4 2012 Maturity Profile at 12/31/2012 ( amounts in millions) consisting of: 204 million Convertible Senior Notes 3.25% (A) 500 467 (172 million net of unamortized debt…
2013 Outlook ( in millions) 2013 2012 Outlook Actual Revenues (continuing operations) 850 846 EBITDA (A) 300 601 EBITDA - Total 2013 Exit Rate (B) 350 -- CAPEX 350 492 Revenue Split: Well Intervention 453 379 Robotics 312 329…
2013 Outlook Contracting Services o Backlog totaling 800 million at the end of 2012 (530 million expected to be completed in 2013) o Strong utilization expected for the well intervention fleet Q4000 full backlog thru 2014, plus…
2013 Outlook - Capex Capital Expenditures o Contracting Services (350 million) Q5000 new build (approximately 140 million of capex in 2013) On schedule for delivery in 2015 Newly acquired Helix 534 continues conversion in Singapore…
Non-GAAP Reconciliations 23
Non-GAAP Reconciliations ( in millions) Quarter Ended Year Ended 12/31/2012 12/31/2011 9/30/2012 12/31/2012 12/31/2011 Net income (loss) from continuing operations (99) 18 11 (67) 38 Adjustments: Income tax provision (benefit) (58)…
Loading...
