Helix Energy Solutions Group, Inc. · NYSE:HLX
Helix Energy Solutions — Barclays CEO Energy-Power Conference 2015
26 slides from Helix Energy Solutions's conference presentation, Sep 9, 2015
Slide 1: Barclays CEO Energy-Power Conference, September 2015
focusing on the future. ENERGY SOLUTIONS Oe LELIX Barclays CEO Energy Power Conference September 8-10", 2015
Slide 2: Forward-looking statements
B 8 @ me eecren) ete forward-looking statements seal involve risks, uncertainties and assumptions that could sults to differ materially from tho: or implied by such forward-looking serrate All Sataroris ‘OBE i statements of historical fact, are “Yorward /-looking statements" within the meaning of th
Slide 3: Who We Are
Who We Are Ge HELIX ENERGY SOLUTIONS. Helix is a specialty deepwater service provider to the offshore energy industry, focusing on expanding "1° our subsea ce infrastructure services in i, 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 th
Slide 5: Well Intervention
LIX ENERGY SOLUTIONS. Navigating the esent, focusing on the future.
Slide 6: focusing on the future.
focusing on the future.
Slide 7: i,
i, focusing on the future.
Slide 8: Intervention Riser Systems and Siem Helix vessels
a 7000 - Under Construction Intervention Riser Systems ‘Siem Helix 1 (Estimated in service 2016) ‘Siem Helix 2 (Estimated in service late ting the present, focusing on the future. 8
Slide 9: Robotics
i HELIX Robotics She wean focusing on the future.
Slide 10: Helix provides ROVs and crews to perform subsea tasks
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 Tooling and intervention services Technical manpower and project management services Navigat
Slide 11: Workclass ROVs, Trenchers, ROV Drills
53 Workclass ROVs 5 Trenchers 2 ROV Drills: The backbone of the fleet, The key to pipeline Provide seabed capable of performing a installation in heavily composition intelligence for broad array of subsea trafficked waters subsea construction and construction and well subsea mining operations interv
Slide 12: Robotics vessels fleet
Grand Canyon I, It Deep Cygnus Olympic Canyon Rem Installer ing th sent, focusing on the future. 12
Slide 13: Currently five vessels under long-term charter
Currently five vessels under long-term charter Grand Canyon IIl vessel scheduled to enter fleet in 2016 as a combination of fleet enhancement / replacement Spot vessels have historically been added and subtracted to the chartered vessel fleet as market demand requires gating the present, focusing on
Slide 14: Newbuild chartered vessels and additional equipment
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 seabed coring units for energy and mining industries present, focusing on the future.
Slide 15: Helix charters its ROV support vessels
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 specifications An industry leader in subsea trenching and coring capabilities Provide trenching, cable
Slide 16: Production Facilities
nit, focusing on the future. 1
Slide 17: Independence Hub, Marco Polo, Helix Producer I
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: Anadarko Helix Producer | FPU (100%) + Location: Phoenix Field (GOM) + Expect to remain
Slide 18: Debt & Liquidity
Debt & Liquidity Navigating the present, focusing on the future.
Slide 19: Debt and Liquidity
Debt? $2,000 $1,500 $1,000 (Sin millions) $1,803, $2361 $1,358 $4155 $1,050] ae $1019 $609 TI 5502 ses L. L. 12/31/2008 12/33/2009 12/31/2010 12/31/2011 12/31/2012 Gross Debi $551 $798 L 12/31/2013. 12/31/2018 06/30/2015, Ligt uidity $1,200 $900 $600 $300 focusing on the future.
Slide 20: Debt Instrument Profile
Debt Instrument Profile fe ELIX ENERGY SOLUTIONS. Total funded debt of $812 million at end of Q2 2015: = $200 million Convertible Senior Notes — 3.25% ' ($182 million net of unamortized debt discount) saan = $270 million Term Loan — LIBOR + 2.50% 2 + Annual amortization payments of 5% in years 1 400
Slide 21: SS Fs = et ee
SS Fs = et ee — 7a focusing on the future.
Slide 22: 2015 Outlook
2015 Outlook This outlook was provided with second quarter results; will be updated upon presentation of third quarter results. ($ in millions, except per share data) 2015 2014 Outlook Actual Revenues $ 752 $ 1,107 EBITDA ~ 160-190 378 CAPEX ~ 365 357 Earnings per share ~ $0.24 $1.85 Revenue Split:
Slide 23: 2015 Outlook
2015 Outlook oe HELIX ENERGY SOLUTIONS. In general, current industry conditions create visibility and utilization uncertainty for all oil field service providers. Total backlog as of June 30, 2015 was approximately $2.1 billion The Q4000 is expected to have good utilization for the remainder of 2015
Slide 24: 2015 Outlook
2015 Outlook oe HELIX ENERGY SOLUTIONS. REM Installer utilization bolstered by customer preferred contractor status in Gulf of Mexico Olympic Canyon to complete operations offshore India under firm commitment early September Deep Cygnus with T1500 to perform multiple jet trenching projects in the No
Slide 25: 2015 Outlook — Capex
2015 Outlook — Capex HELIX ENERGY SOLUTIONS. 2015 capex is currently forecasted at approximately $365 million, consisting of the following: $256 million in growth capital; primarily for newbuilds currently underway, including: + $154 million for Q5000 + $28 million for Q7000 $54 million for Siem Hel
Slide 26: Focusing on the future
focusing on the future. ENERGY SOLUTIONS Oe LELIX HLX Listed NYSE® Follow Helix on Twitter - @Helix_ESG ; rae group www.linkedin Pp: gy
Helix Energy Solutions Group — Barclays CEO Energy-Power Conference 2015 on 6ix