Helix Energy Solutions Group, Inc. · NYSE:HLX
Helix Energy Solutions — Raymond James 37th Annual Institutional Investors Conference 2016
26 slides from Helix Energy Solutions's conference presentation, Mar 3, 2016
Slide 1: Raymond James 37th Annual Institutional Investors Conference
focusing on the future. Be HELIX ENERGY SOLUTIONS Raymond James 37" Annual Institutional Investors Conference March 6-9, 2016
Slide 2: Forward Looking Statements
Forward Looking Statements is FELIX This presentation contains forward: ee statements that involve risks, uncertainties and assumptions that could All cause our impli statements other than statements of historical fact, are" within th the Private Securities Litigation Reform Act of 1996, including,
Slide 3: Helix Energy Solutions overview
Navigating the present, focusing on the future. HELIX ENERGY SOLUTIONS. Helix is a specialty deepwater service provider to the offshore energy industry, focusing on expanding our subsea infrastructure services in Well Intervention and Robotics.
Slide 4: Deepwater Subsea Services
Deepwater Subsea Services ee HELIX ZT NEGYSOLUTIONS 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 div
Slide 5: Navigating the present, focusing on the future. 5
Navigating the present, focusing on the future. 5
Slide 6: High Pressure Wellhead Housing
lavigatir ng the ‘esent, focusing on the future. High Pressure Wellhead Housing
Slide 7: Skandi Constructor
‘Skandi Constructor chartered vessel) "Plan tocol stack Navigating the present, focusing on the future.
Slide 8: Future Well Intervention Growth
Future Well Intervention Growth ee HELIX ZT NEEGYSOLUTIONS 7000 - Under Construction Intervention Riser Systems ‘Siem Helix 1 rarer, esimated in sence 2010) ‘Siem Helix 2 (chard, esimaad in series 2017) Navigating the present, focusing on the future. 8
Slide 9: Robotics
Navigating the present, focusing on the future.
Slide 10: Helix robotics services
HELIX ENERGY SOLUTIONS 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 projec
Slide 11: Robotics Assets
Robotics Assets 53 Workclass ROVs The backbone of the fleet, and well intervention tasks Navigating the present, focusing on the future. 5 Trenchers The key to pipeline installation in heavily trafficked waters ENERGY SOLUTIONS. e= HELIX am 2 ROVDrills Provide seabed composition mining operations
Slide 12: Chartered Vessel Fleet
Chartered Vessel Fleet a HELIX ENERGY SOLUTIONS. Grand Canyon |, I Deep Cygnus Grand Canyon tt REM Installer? “pected entra n May 2016 2charter expires in mi Navigating the p sent, focusing on the future.
Slide 13: Chartered Vessel Fleet
Chartered Vessel Fleet e= HELIX Currently four vessels under long-term charter * Grand Canyon III vessel scheduled to enter fleet in 2016 with option to postpone activation to May 2017 + Spot vessels have historically been added and subtracted to the chartered vessel fleet as market demand requires
Slide 14: 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 and market conditions A fleet of advanced vehicles, including several units custom built to our specifications An industry leader in subsea trenching Leading provider for trenc
Slide 15: Production Facilities
Production Facilities sent, focusing on the future.
Slide 16: Production Facilities
Production Facilities ee HELIX ZT NEEGYSOLUTIONS Helix Producer I FPU (100%) Location: Phoenix Field (GOM) Expect to remain on field through 2019 Acomponent of the well containment system, along with the Q4000 Independence Hub Semi (20%) + Location: Mississippi Canyon (GOM) + Partner: Enterprise Pro
Slide 17: Financial
Navigating the present, focusing on the future.
Slide 18: Debt & Liquidity Profile
Debt & Liquidity Profile $2,027 (Sin millions) $2,000 $200 $1,903 ° $1,500 $1361 $1,358 $1,155 = ya : i ‘0 3 : $60 $761 $609 $582 gs66 $551 $300 $88 $75 42/31/2008 12/31/2009 12/31/2010 42/31/2011 12/31/2012 12/31/2013. 12/31/2014 12/31/2015, © Liquidity Liquidity of approximately $744 million at 12
Slide 19: Debt Instrument Profile
Debt Instrument Profile a HELIX ENERGY SOLUTIONS. Debt Instrument ats a 12/31/2015 (it Total funded debt of $776 mil ion at end of Q4 2015: ¢ $200 million Convertible Senior Notes - 3.25%! | wy (185 million net of unamortized debt discount) $255 million Term Loan - LIBOR + 2.75%2 $400 * Annual amort
Slide 20: ENERGY SOLUTIONS.
ENERGY SOLUTIONS. See SS - —S— SSS Navigating thi ent, focusing on the future. 20
Slide 21: Outlook
16 Outlook ee HELIX ZT NEGYSOLUTIONS The continuing low oil price environment does not bode well for an industry recovery in 2016 and more than likely suggests a year that will be even more challenging than 2015. Oil and gas companies (our customers) are announcing budgetary spending levels even low
Slide 22: Outlook: CAPEX Forecast
16 Outlook e= HELIX CAPEX Forecast We have sought to reduce capital expenditures where possible. Our capex forecast for 2016 is approximately $240 million with two major projects consuming the substantial majority of this spending $95 million for the completion of the topside equipment to be used on
Slide 23: 2016 Outlook: Balance Sheet
2016 Outlook em HELIX ENERGY SOLUTIONS. Balance Sheet Our gross debt levels are scheduled to decrease from year end 2015 by $71 million ($776 million at 12/31/15 to $705 million at 12/31/16) as a result of scheduled principal payments. The senior portion of our debt at year end 2016 is scheduled to
Slide 24: 2016 Outlook — Well Intervention
2016 Outlook — Well Intervention a HELIX ENERGY SOLUTIONS. The Q4000 is expected to have good utilization for 2016 The Helix 534 is currently warm stacked (scheduled to finish thruster installation and sea trials Q1); however, given the current industry conditions, we are making plans to cold stack
Slide 25: Outlook - Robotics
16 Outlook - Robotics ae HELIX ZT NEGYSOLUTIONS Deep Cygnus to be fully utilized in Q1 2016 on West Africa walk-to-work project REM Installer to have high utilization in GOM through February 2016, after which the plan is to transit the vessel to Norway to take advantage of cold stack rates until cha
Slide 26: focusing on the future.
focusing on the future. ENERGY SOLUTIONS Be HELIX HLX Listed NYSE® Follow Helix on Twitter - @Helix_ESG i: yy uti vu ed www.linkedin