Navigating the present, focused on the future. Raymond James 36th Annual Institutional Investors Conference March 3, 2015
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. Navigating the present, focused 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, focused on the future. 5
Well Intervention Overview Navigating the present, focused on the future. 6
Well Intervention Current Asset Base Q4000 H534 Intervention Riser Systems Well Enhancer Skandi Constructor (chartered vessel) Seawell Navigating the present, focused on the future. 7
Future Well Intervention Growth Q5000 Expected completion Q2 2015 Q7000 Under Construction Intervention Riser Systems Siem Helix 1, 2 In Service 2016 Navigating the present, focused 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, focused 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 50 Work-class ROVs 5 Trenchers 2 ROV Drills: The backbone of the fleet, The key to pipeline installation Provide seabed composition capable of performing a in heavily trafficked waters intelligence for subsea broad…
Chartered Vessel Fleet Grand Canyon Deep Cygnus Olympic Canyon Rem Installer Navigating the present, focused on the future. 13
Chartered Vessel Fleet Currently four vessels under long-term charter Two additional vessels scheduled to enter fleet in 2015 that are a combination of fleet enhancement / replacement Grand Canyon II Grand Canyon III Grand…
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, focused 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, focused on the future. 19
Debt Instrument Profile Pro forma for Q5000 Term Loan Debt Instrument Profile at 12/31/2014 Total funded debt of 822 million at end of 2014 (s millions) 200 million Convertible Senior Notes 3.25% 1 500 (179 million net of unamortized…
2015 Outlook Navigating the present, focused on the future. 22
2015 Outlook Industry Conditions Collapse in oil prices drives a reduction in spending by our customers across the supply chain; Helix is not immune. Nature of cyclical downturn: Driven by oversupply of oil Lack of demand elasticity…
2015 Outlook Company Specific 2015 is expected to be challenging as a result of the following factors: Our customers are aggressively cutting spending and certain of our customers are seeking to renegotiate contracts, as well as…
2015 Outlook Capex 2015 capex budget of approximately 400 million consisting of the following:1 305 million in growth capital, primarily for newbuilds currently underway, including: 170 million for Q5000 (includes 15 million…
Beyond 2015 Entering 2015, Helix is well positioned to weather the down cycle Approximately 900 million of remaining capital commitments at the end of 2014 Liquidity of 1.1 billion at the end of 2014 Helix is focused on positioning…
Navigating the present, focused on the future. HLX Listed NYSE Follow Helix on Twitter - Helix_ESG www.linkedin.com/company/helix
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