Helix Energy Solutions Group, Inc. · NYSE:HLX
Helix Energy Solutions — Corporate Update (August 2016)
24 slides from Helix Energy Solutions's corporate update, Aug 26, 2016
Slide 1: Company Update August 2016
HELIX ENERGY SOLUTIONS. Company Update August 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 focusing on the future
Slide 8: Future Well Intervention Growth
Future Well Intervention Growth 97000 - Under Construction sent, 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 * Currently three vessels active under long- term charter * 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 vessel fleet as market demand requires
Slide 12: 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 13: Production Facilities
Production Facilities
Slide 14: Production Facilities
Production Facilities Helix Producer I FPU (100%) Location: Phoenix Field (GOM) A component of the well containment system, along with the Q4000 Contract recently extended through June 2023 Independence Hub Semi (20%) Location: Mississippi Canyon (GOM) aed zB 33 33 aay 2s 33 gg Ba zo ° 38 é s = Heli
Slide 15: Key Financial Metrics
Key Financial Metrics
Slide 16: Debt & Liquidity Profile
Debt & Liquidity Profile+ $1,996 (Sin millions) + $1,200 $2,000 $1,773 $1,500 7 \ $900 $1,338 $1,338 $1,138 $1,002 $946. ~ $600 sie fe, S592 BM ssss ssa g537 $300 S76 js. : $0 M—EGross Debt Mmm Net Debt Liq Liquidity of approximately $543 million at ers0reins 2 Debt? 3 & $1,000 $500 $0 financing cos
Slide 17: Debt Instrument Profile
Debt Instrument Profile Debt Instrument Profile at 6/30/2016 Total funded debt! of $733 million at end of Q2 Principal Payment Schedule (Sinmitions) * $193 million Convertible Senior Notes ~ 3.25%? 500 . © $240 million Term Loan - LIBOR + 4.00%? = + Annual amortization payments of 10% “ © $86 millio
Slide 18: 2016 Outlook
2016 Outlook ——— SS = VS = = —— Navigating the present, focusing on the future
Slide 19: 2016 Outlook: Forecast
2016 Outlook: Forecast (Sinailions) 2016 2015 Outlook Actual Revenues $ 510 $ 696 Adjusted EBITDA 90-120 173 CAPEX 230 353 Revenue Split: Well Intervention $ 290 $ 373 Robotics 175 301 Production Facilities 75 76 Elimination 30) (54) $ 510 $ 696 is “back end loaded” “ramp-up i spending levels. Furth
Slide 20: 2016 Outlook: Well Intervention
2016 Outlook: Well Intervention © Total backlog as of June 30, 2016 was approximately $1.7 billion © The Q4000 is expected to have high utilization for all of 2016 The Q5000 is under contract for the duration of 2016 @ IRS #1 is being actively marketed, but presently idle © The Well Enhancer is expe
Slide 21: 2016 Outlook: Robotics
2016 Outlook: Robotics We currently have ~200 days of firm contracted work for our chartered vessels for Q3 2016 as certain longer term trenching projects are set to commence in the North Sea Grand Canyon to be nearly fully utilized in Q3 2016, with a full month of IRM work in both July and August a
Slide 22: 2016 Outlook: Capex
2016 Outlook: Capex 2016 capex is currently forecasted at approximately $230 million, consisting of the following: + $220 million in growth capital, primarily for newbuilds currently underway, including: = $95 million for Q7000 = $100 million for Siem Helix 1 and Siem Helix 2 monohull vessels * $25
Slide 23: 2016 Outlook: Balance Sheet
2016 Outlook Balance Sheet Launched At-the-Market (ATM) Equity Program in April 2016 and sold $50 million of our common stock in Q2-Q3 under the initial program. In August, executed a second equity distribution program for an additional $50 million. Proceeds will be used for general corporate purpos
Slide 24: Helix Energy Solutions
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
Helix Energy Solutions Group — Corporate Update (August 2016) on 6ix