Helix Energy Solutions Group, Inc. · NYSE:HLX
Helix Energy Solutions — Morgan Stanley E&P and Oil Services Conference 2016
26 slides from Helix Energy Solutions's conference presentation, May 9, 2016
Slide 1: Helix Energy Solutions - Morgan Stanley E&P and Oil Services Conference
HELIX ENERGY SOLUTIONS. =) Morgan Stanley E&P and ; Oil Services Conference May 10, 2016 Navigating the present, focusing on the future.
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking sefemeis that involve risks, uncertainties and assumptions that could cause our results to differ implied by such ‘atements, other th statements of | historical fact, are ‘forward- ion statements" within the meaning a the Private
Slide 3: Who We Are
Who We Are Helix is a specialty deepwater service provider to the offshore energy industry, focusing on expanding our : subsea infrastructure services - ee in Well Intervention and Robotics. focusing on the future
Slide 4: Deepwater Subsea Services
Deepwater Subsea Services Well Intervention Entering a wellbore to initiate, enhance, restore or decommission production as part of the well’s natural life cycle. Robotics Providing remotely operated vehicles (ROVs) to perform deepwater service tasks beyond the reach of dive crews. Why focus on thes
Slide 5: Well Intervention
Well Intervention focusing on the future
Slide 6: Well Intervention Overview
Well Intervention Overview
Slide 7: Well Intervention Current Asset Base
Well Intervention Current Asset Base 15000 (placed in service October 2015) focusing on the future
Slide 8: Future Well Intervention Growth
Future Well Intervention Growth oa 97000 - Under Construction focusing on the future
Slide 9: Robotics
Robotics
Slide 10: Robotics Assets Workclass ROVs
Robotics Assets 53 Workclass ROVs The backbone of the fleet, capable of performing a broad array of subsea construction and well intervention tasks 5 Trenchers The key to pipeline installation in heavily trafficked waters 2 ROVDrills Provide seabed composition intelligence for subsea construction an
Slide 11: Chartered Vessel Fleet
Chartered Vessel Fleet Grand Canyon |, Il rite. sa Ey Grand Canyon I REM Installer? focusing on the future
Slide 12: Chartered Vessel Fleet
Chartered Vessel Fleet + Currently four vessels under long-term charter; REM Installer charter expires July 2016 * Grand Canyon III extended activation until May 2017 with option to activate at a discount after May 2016 * Spot vessels have historically been added and subtracted to the chartered vess
Slide 13: Oil & Gas, Renewable Energy, Subsea Mining, Specialty Services
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 and market conditions A fleet of advanced vehicles, including several units custom built to our specifications An in
Slide 14: Production Facilities
Production Facilities
Slide 15: Production Facilities
Production Facilities Helix Producer I FPU (100%) Location: Phoenix Field (GOM) Expect to remain on field through 2019 A component of the well containment system, along with the Q4000 Independence Hub Semi (20%) + Location: Mississippi Canyon (GOM) + Partner: Enterprise Products + Operator: Anadarko
Slide 16: Key Financial Metrics
Key Financial Metrics
Slide 17: Gross Debt, Net Debt and Liquidity
$1,996 (Sin millions) $2,000 + $1,200 $1,773 $1,500 7 \ $900 $1,338 $1,338 . $1,138 - 3 s1.000 —y tT |" $749 $732 $592 Bissos ssa 5537 $500 $300 255 24 s76 se . ; : $0 M—EGross Debt Mmm Net Debt Liq Liquidity of approximately $635 million at syanjoone financing costs) Navigating the present, focusin
Slide 18: Debt Instrument Profile
Debt Instrument Profile on Debt Instrument Profile at 3/31/2016 Total funded debt of $757 million at end of Q1 2016 Principal Payment Schedule (Sinmitions © $200 million Convertible Senior Notes ~ 3.25%! $248 million Term Loan - LIBOR + 2.759%? ss00 ton + Annual amortization payments of 10% 400 # $8
Slide 19: Financial Highlights
Financial Highlights Revenue Net Debt ($ in millions) ($ in millions) $190 5266 : $182 2 ‘ » $Iss $281 $295 $255 $244 $91 ‘$117, psa msq@ 201593 HAH BI6AL mq msq@ mse msg mea Quarterly EBITDA ($ in millions) ($ in millions) $51 $51 $500 $469 $494 $488 $36 4 sais $1 2015Q1 2015 Q2 2015 Q3 2015 Q4 201
Slide 20: 2016 Outlook
2016 Outlook ——— SS = VS = = —— Navigating the present, focusing on the future
Slide 21: 2016 Outlook: Forecast
2016 Outlook: Forecast ($ in millions) 2016 2015 Outlook Actual Revenues $ 500-550 $ 696 EBITDA 110-130 173 CAPEX 230 353 Revenue Split: Well Intervention $ 300-330 $ 373 Robotics 160-175 301 Production Facilities 70-75 76 Elimination Total > Q2 2016 is likely to represent a relatively small nprovgm
Slide 22: 2016 Outlook: Well Intervention
2016 Outlook: Well Intervention © Total backlog as of March 31, 2016 was approximately $1.7 billion © The Q4000 is expected to have high utilization for all of 2016 © Additional contracted work has been added in Q1 2016 to the Q4000 2016 schedule The Q5000 contracted to BP for the duration of 2016 @
Slide 23: 2016 Outlook: Robotics
2016 Outlook: Robotics We currently have ~100 days of firm contracted work for our chartered vessels for Q2 2016 but we continue to aggressively pursue additional ROV and IRM opportunities for all of our vessels © Deep Cygnus to be fully utilized until at least mid-May on walk-to-work project © Gran
Slide 24: 2016 Outlook: Capex
2016 Outlook: Capex 2016 capex is currently forecasted at approximately $230 million, consisting of the following: $212 million in growth capital; primarily for newbuilds currently underway, including: $95 million for Q7000 * $95 million for Siem Helix 1 and 2 monohull vessels $22 million for interv
Slide 25: 2016 Outlook: Balance Sheet
2016 Outlook Balance Sheet Launched At-the-Market (ATM) Equity Program in April 2016 to sell up to $50 million of our common stock. Proceeds will be used for general corporate purposes. Our gross funded debt levels are scheduled to decrease from year end 2015 by $71 million in 2016 ($776 million at
Slide 26: Helix Energy Solutions - HLX Listed NYSE
HELIX ENERGY SOLUTIONS. HLX Listed NYSE® Follow Helix on Twitter - @Helix_ESG www.linkedin.com/company/helix-energy- solutions-group Navigating the present, focusing on the future
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