Built for success, positioned for growth Barclays CEO Energy-Power Conference September 3, 2014
Who We Are Helix is a specialty deepwater service provider to the offshore energy industry, focused on expanding our subsea infrastructure services in Well Intervention and Robotics. Built for success, positioned for growth…
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 Built for success, positioned for growth
Well Intervention Overview Built for success, positioned for growth 6
Well Intervention Current Asset Base H534 Well Enhancer Q4000 Seawell Skandi Constructor (chartered vessel) Intervention Riser Systems (IRS) Built for success, positioned for growth 7
Future Well Intervention Growth Helix 534 Q7000 In Service Q4 Q5000 2013 In Service 2016 In Service 2015 Intervention Riser Siem Helix 1,2 Systems In Service 2016 Built for success, positioned for growth 8
Global Subsea Well Inventory Growth 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…
HLX Well Intervention Model vs Offshore Drillers Helix model is NOT the drilling rig model Producers moving to dedicated intervention assets Intervention assets are specifically specialized for intervention and more efficient than…
Robotics Built for success, positioned for growth
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 Work-class ROVs: 5 Trenchers: 2 ROVDrills: The backbone of the fleet, The key to pipeline Provide seabed capable of performing a installation in heavily- composition broad array of subsea trafficked waters…
Chartered Vessel Fleet Olympic Canyon Olympic Triton (A) Deep Cygnus Deep Cygnus Grand Canyon Rem Installer (A) Expected to be returned to vessel owner at the end of its current charter period in Q3 2014. Built for…
Chartered Vessel Fleet Currently five vessels under long- term charter Two additional vessels scheduled to enter fleet in 2015 Grand Canyon II Grand Canyon III The above vessels are a combination of fleet enhancement /…
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 ROVDrill…
What Sets Helix Apart in Robotics Helix charters its ROV support vessels, ensuring a modern fleet that can expand and contract based on regional requirements A fleet of advanced vehicles, including several units custom-built to our…
Production Facilities Built for success, positioned for growth
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:…
2014 Outlook Built for success, positioned for growth
2014 Outlook ( in millions) 2014 2013 Outlook Actual Revenues (on-going operations) 1,060 805 EBITDA 360 300 CAPEX 375 343 Earnings Per Share (A) 1.65 1.75 1.04 Revenue Split: Well Intervention 635 452 Robotics 385 333…
2014 Outlook Total backlog as of June 30, 2014 was approximately 2.7 billion, of which approximately 2.5 billion is associated with our Well Intervention and Robotics businesses Utilization expected to remain strong for the well…
2014 Outlook Trenching market in the North Sea, Norwegian Continental Shelf and Middle East more robust compared to 2013 T1500 performing well and has full backlog through Q3 2014 Rem Installer expected to transit to the Gulf of…
2014 Outlook - Capex Total capital expenditures forecasted at approximately 375 million for 2014; 174 million incurred year-to-date(A) 105 million incurred in Q2, including: Approximately 69 million for well intervention newbuilds;…
Debt & Liquidity Built for success, positioned for growth
Debt Instrument Profile Total funded debt of 583 million at end of Q2 Debt Instrument Profile at 06/30/2014 2014: ( amounts in millions) 200 million Convertible Senior Notes 3.25% (A) 500 (176 million net of unamortized debt…
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