Seacor Marine Holdings Inc. · NYSE:SMHI
Seacor Marine — 32nd Annual Pareto Securities Energy Conference (September 2025)
26 slides from Seacor Marine's conference presentation, Sep 9, 2025
Slide 1: SEACOR Marine Holdings Inc. at the 32nd Annual Pareto Securities Energy Conference
SMHI LISTED NYSE SEACOR Marine Holdings Inc. 32nd Annual Pareto Securities Energy Conference John Gellert President & Chief Executive Officer 10 September 2025 Exhibit 99.1
Slide 2: Forward-Looking Statements
Forward-Looking Statements Forward-Looking Statements discussed in this release as well as in other reports, materials and oral statements that SEACOR Marine Holdings Inc. (“SEACOR Marine” or the “Company”) releases from time to time to the public constitute “forward-looking statements” within the m
Slide 3: I. Company Overview
I. Company Overview
Slide 4: SEACOR Marine – Global OSV Owner with Modern Fleet
SEACOR Marine – Global OSV Owner with Modern Fleet Company Overview Leading provider of marine and support transportation services to offshore energy facilities worldwide with one of the youngest fleets in the industry Headquartered in Houston, TX, and listed on the NYSE (ticker: SMHI) with a market
Slide 5: High-Quality and Young Fleet
High-Quality and Young Fleet 47 OSVs plus 2 Newbuild PSVs under Construction (1) PSVs FSVs Liftboats (3) 19 PSVs and 2 newbuilds under construction (+ 4 options) Average age of 6.9 years Newbuilds with deck space of 1,000m2 and integrated hybrid power Fleet Composition: (2) 21 FSVs Average age of 11
Slide 6: Diversified Asset Base Working Across the Energy Universe
Shallow water and deepwater activities Delivery of cargo, drilling fluids, fuel and water to rigs Construction, maintenance support and standby Accommodation and walk-to-work Offshore wind support Support drilling and production operations High-speed cargo transport to offshore facilities Transport
Slide 7: Newbuilding Order to Position SMHI's Fleet for the Future
Newbuilding Order to Position SMHI’s Fleet for the Future Type & Design: Specifications: Shipyard: Propulsion: Delivery Dates: Total Investment: Two PSVs (Z 4423 Breeze Design) 4,650 DWT / 1,000 m2 Deck Space / 88.0m Loa / 20.0m Beam Fujian Mawei Shipyard Ltd., P.R. China Diesel Electric + Integrate
Slide 8: Funding of Newbuild Program
Funding of Newbuild Program Back-Loaded Payment Terms Capex Funding Bridge (1) The sale of non-core AHTSs funded the first milestone payment for both vessels in Q1 2025 The new senior secured term loan is available to fund up to 50% of the total contract price; $8.2M was drawn in Q2 2025 to fund the
Slide 9: seacormarine.com |
— seacormarine.com |
Slide 10: Supportive Industry Fundamentals
Supportive Industry Fundamentals Global Offshore Project Capex by FID Year Commentary: 2024 and H1 2025 saw a decline in offshore project capex leading to a dip in OSV demand across most offshore basins Global offshore project capex expected to increase significantly over the next 18-24 months which
Slide 11: Balance Supply / Demand
Balance Supply / Demand Current demand decline is <1% from the 2024 peak Adjusted utilization remains ~90% despite “weakness” Supply and demand balance remains tight: Demand remains high with adjusted utilization close to 90%, which is supportive of a 2026 rate rebound Utilization, when adjusted for
Slide 12: Continued Supply Side Constraints
Continued Supply Side Constraints Stacked supply and stacking length PSV orderbook at ~5% of fleet Supply is Driving the Cycle: Supply side constraints continue to drive utilization for PSVs for market activity in general higher than anticipated year-to-date “Real” sideline capacity is less than 4%
Slide 13: Dayrates remain robust, but regional bifurcations more pronounced
Dayrates remain robust, but regional bifurcations more pronounced Dayrates remain resilient: large PSVs increase due to South America – small vessel fixtures on the lower side Average LTM fixtures across vessel classes at ~$26k per day – North Sea on the low side, with South America on top Source: C
Slide 14: III. Financial Highlights
III. Financial Highlights
Slide 15: Financial Highlights
Financial Highlights FY 2023 FY 2024 Fleet Average Utilization Fleet Average Day Rate Revenues Direct Vessel Profit (2) 75% 67% $16,375 $18,989 $279.5M $271.4M $119.9M $74.1M LTM Q2 2025 Fleet Count / Average Age (1) 55 / 9.4 years 51 / 10.3 years Adjusted EBITDA (3) $67.9M $27.7M 67% $19,072 $255.0
Slide 16: Key Financial Metrics
Key Financial Metrics Total Revenue, DVP (1) & DVP Margin Total Debt, Cash & Cash Equivalents & Equity Ratio Commentary Direct Vessel Profit is a non-GAAP financial measure. See Slide 2 for a discussion of Direct Vessel Profit and the Appendix to this presentation for a reconciliation to GAAP. Net D
Slide 17: DVP Breakdown by Asset Class & Region
DVP Breakdown by Asset Class & Region FY 2023 FY 2024 H1 2025 PSV Day Rate $18,031 $19,888 $20,919 Utilization 77% 62% 62% PSV - Direct Vessel Profit (1) $39.5M $21.6M $9.8M FSV Day Rate $11,273 $12,901 $13,633 Utilization 84% 76% 69% FSV - Direct Vessel Profit (1) $34.2M $24.0M $14.2M Liftboat Day
Slide 18: Fleet Maintenance and Capital Expenditures
Fleet Maintenance and Capital Expenditures Historical Major Repairs and Drydocking Expenses Fleet Age Distribution (1) Capital Expenditures as of June 30, 2025 Fleet Age Distribution as of June 30, 2025. Fleet Age Distribution includes two PSVs under construction to be delivered in 2026/2027 and exc
Slide 19: seacormarine.com |
— seacormarine.com |
Slide 20: Financials – Income and Loss Statement
Financials – Income and Loss Statement Income and Loss Statement (in $ thousands) Source: Company filings. H1 2025 FY 2024 FY 2023 Operating Revenues 116,309 271,361 279,511 Costs and Expenses: Operating 91,421 197,252 159,650 Administrative and General 23,484 44,713 49,183 Lease Expense 662 1,678 2
Slide 21: Balance Sheet
Assets H1 2025 FY 2024 FY 2023 Current Assets: Cash and Cash Equivalents, including Restricted Cash 51,555 76,140 84,131 Other Current Assets 81,488 97,511 80,555 Total Current Assets 133,043 173,651 164,686 Property and Equipment, net of Depreciation 510,143 532,966 594,682 Construction in Progress
Slide 22: Financials – Cash Flow Statement
Financials – Cash Flow Statement Cash Flow Statement (in $ thousands) H1 2025 FY 2024 FY 2023 Cash Flows from Continuing Operating Activities: Net Income (Loss) (22,216) (78,124) (9,314) Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by (used in) Operating Activities: Depreciation a
Slide 23: Financials – Cash Flow Statement (Continued)
Financials – Cash Flow Statement (Continued) Cash Flow Statement (in $ thousands) H1 2025 FY 2024 FY 2023 Cash Flows from Continuing Financing Activities: Payments on Long-Term Debt (12,500) (24,312) (29,165) Payments on Debt Extinguishment - (328,712) (131,604) Payments on Debt Extinguishment Costs
Slide 24: Financial Reconciliations
Financial Reconciliations Adjusted EBITDA Reconciliation (in $ thousands) H1 2025 FY 2024 FY 2023 Net Income (Loss) attributable to SEACOR Marine Holdings Inc. (22,216) (78,124) (9,314) Depreciation and Amortization 24,900 51,628 53,821 Interest Expense 18,430 40,627 37,504 Interest Income (808) (1,
Slide 25: Financial Reconciliations (continued)
Financial Reconciliations (continued) Net Debt Reconciliation (in $ thousands) H1 2025 FY 2024 FY 2023 Current Portion of Long-Term Debt 30,000 27,500 28,365 Long-Term Debt 310,980 317,339 287,544 Discount and Issuance Costs 4,720 5,161 37,115 Total Debt 345,700 350,000 353,024 Cash and Cash Equival
Slide 26: IR Contact
SEACOR MAR IR Contact: | investorrelations@seacormarine.com eS seacormarine.com
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