Helix Energy Solutions Group, Inc. · NYSE:HLX
Helix Energy Solutions — Raymond James Annual Institutional Investors Conference (March 2018)
27 slides from Helix Energy Solutions's conference presentation, Mar 2, 2018
Slide 1: Institutional Investors Conference
nd James & Associates gth. Annual Institutional nvestors Conference
Slide 2: Forward Looking Statements
ENERGY SOLUTIONS oa HELIX Forward Looking Statements This presentation contains forward-looking statements that involve risks, uncertainties and assumptions that could Y/ ns governmental and regulatory authorities; operating hazards and delays, which includes delays in cee, chartering or customer ac
Slide 3: Who We Are
Be tIELIX ENERGY SOLUTIONS. Who We Are
Slide 4: Helix Deepwater Subsea Services
A= HELIX Deepwater Subsea Services al ENERGY SOLUTIONS 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
Slide 5: Well Intervention
A HELIX iNERGY souLmIONG Well Intervention a Navigating the present, focusing on the future
Slide 6: Well Intervention Overview
HELIX Well Intervention ENERGY SOLUTIONS Overview
Slide 7: Helix Well Intervention Current Asset Base
HELIX Well Intervention AM acres Current Asset Base Z focusing on the future.
Slide 8: Well Intervention Growth
A HELIX Future Am sacri ee Well Intervention Growth 7000 - Under Construction Intervention Riser System: SUBSEA SERVICES ALLIANCE Helix | Schlumberger Includes IRS system and 18% riseress system 8 focusing on the future.
Slide 9: Helix Subsea Services Alliance
Am HELIX Subsea Services Alliance al ENERGY SOLUTIONS Gee HELIX = Vessels-experienced crews. = Intervention systems = WROV services for well operations, GZ OneSubsea > SUBSEA SERVICES ALLIANCE Helix | Schlumberger + Tooling and interface solutions + Tooling and interface management + Subsea equipmen
Slide 10: Robotics
ENERGY SOLUTIONS Robotics Be HELIX focusing on the future
Slide 11: Robotics Assets
ENERGY SOLUTIONS em HELIX Robotics Assets a 48 Workclass ROVs 5 Trenchers 2 ROVDrills The backbone of the fleet, The key to pipeline installation Provide seabed composition capable of performing a broad in heavily i subsea array of subsea construction construction and subsea and well intervention ta
Slide 12: ROV Chartered Vessel Fleet
@™ HELIX ROV Chartered Vessel Fleet al ENERGY SOLUTIONS e Currently three vessels active under long-term rt e Spot vessels have historically been added and subtracted to the chartered vessel fleet as market demand requires Grand Canyon |, Il & Ill focusing on the future
Slide 13: What Sets Helix Apart
A HELIX What Sets Helix Apart Om scr soisTs in Robotics Oil & Gas Renewable Energy Subsea Mining Specialty Services e Helix charters its ROV support vessels, ensuring a modern fleet that can expand and contract based on regional requirements and market conditions e A fleet of advanced vehicles, incl
Slide 14: Production Facilities
Be HELIX ENERGY SOLUTIONS. Prod uction Facilities focusing on the future
Slide 15: Production Facilities
Ae HELIX 1 ENERGY SOLUTIONS Helix Producer | FPU (100%) e Location: Phoenix Field (GOM) e Production handling contract until at least June 1, 2023 Helix Fast Response System e Retained fee contract to provide GOM spill response services, includes Q4000, Helix Producer | and well containment system e
Slide 16: Key Financial Metrics
¢ = W ENERGY SOLUTIONS Key Financial Metrics
Slide 17: Debt & Liquidity Profile
em HELIX Debt & Liquidity Profile 1 ENERGY SOLUTIONS $1,996 a $1,200 $1,773 e@ Sinmitions) $1,500 om $1,998 $1,398 3 8 $1,000 oa _ $300 $0 1/2008 12/81/2009 12/81/2010 12/31/2011 12/91/2012 12/81/2013 12/91/2014 1291/2015 12/91/2016 12/91/2017 mm LT Debt mmmNet Debt —©- Liquidity Liquidity of approx
Slide 18: Debt Instrument Profile
ENERGY SOLUTIONS Be HELIX Total funded debt’ of $520 million at end of Q4 2017 ¢ $60 million Convertible Senior Notes due 2032 — 3.25%? © $125 million Convertible Senior Notes due 2022 — 4.25% © $97 million Term Loan —LIBOR + 4.25% o Annual amortization payments of $7.5 million in 2018, $12.5 millio
Slide 19: 2018 Outlook
Ae HELIX 2018 Outlook ———— SSS SSS Ne SS = = Navigating the present, focusing on the future
Slide 20: 2018 Outlook: Forecast
ENERGY SOLUTIONS A HELIX 2018 Outlook: Forecast a (Sinmilions) 2017 Outlook Actual Revenues $ ~ 685-730 $ 581 DA! ~ 135-165 107 CAPEX ~135 248 Revenue Split: Well intervention $ 520-555 $ 406 Robotics 140-150 153 Production Facilities 65 64 Elimination (40) C4) Total $___~685-730 $ 581 Key forecast
Slide 21: 2018 Outlook: Well Intervention
@™ HELIX 2018 Outlook: Well Intervention 1 ENERGY SOLUTIONS e Total backlog as of December 31, 2017 was approximately $1.6 billion, including $1.2 billion for Well Intervention e Gulf of Mexico © @Q4000 primarily working spot market; backlog into Q2 2018 ° Q5000 forecasted work for BP for 270 days;
Slide 22: 2018 Outlook: Robotics
ENERGY SOLUTIONS A HELIX 2018 Outlook: Robotics a e Q1 2018 - weak vessel utilization due to seasonal slowdown in North Sea and return of Deep Cygnus in Q1 2018 e Grand Canyon and Grand Canyon III are pursuing spot opportunities in North Sea during Q1 2018; Grand Canyon is expected to be fully utili
Slide 23: 2018 Outlook: Capital Expenditures & Balance Sheet
A HELIX 2018 Outlook: Capital Expenditures 7 ENERGY SOLUTIONS & Balance Sheet 2018 Capital Expenditures are currently f d at approxi $135 million, isting of the followi g e Growth Capex - $115! million in growth capital, primarily for newbuilds, including: o $105 million for Q7000, including a $69 m
Slide 24: Beyond 2018
Be HELIX Beyond 2018 ! ENERGY SOLUTIONS e Expect imp despite ing market conditions ° Several long term well intervention contracts o Op and cost e Market jmprovenene offer additional upside potential e Cash Flows improvements o Improved operating cash flows starting in 2018 o Expected strong free ca
Slide 25: Non-GAAP Reconciliations
wacrsounors NON-GAAP Reconciliations Ae HELIX Navigating the present, focusing on the future
Slide 26: Non-GAAP Reconciliations
HELIX Non-GAAP Reconciliations 1 ENERGY SOLUTIONS (Sin millions) Three Months Ended Twelve Months Ended 12/31/2017 12/31/2016 9/30/2017 12/31/2017 12/31/2016 Net income (loss) $ 50 $ 64) 8 23 30S (81) Adjustments: Income taxbenefit (49) @) @) (60) (12) Net interest expens! 3 6 4 19 31 Eos i neath on
Slide 27: HLX Listed NYSE
ENERGY SOLUTIONS Oe HELIX HLX Listed NYSE® Follow Helix on Twitter - @Helix_ESG www.linkedin.com/company/helix-energy-solutions-group