Helix Energy Solutions Group, Inc. · NYSE:HLX
Helix Energy Solutions — Capital One Securities 11th Annual Energy Conference (December 2016)
24 slides from Helix Energy Solutions's conference presentation, Dec 7, 2016
Slide 1: Capital One Securities Annual Energy Conference
HELIX ENERGY SOLUTIONS. Capital One Securities 11% Annual Energy Conference December 7, 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: focusing on the future
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 in mii $2,000 (Sin millions) $1,200 $1,773 2 ° e $1,500 /- \ $900 $1,338 $1,338 $1,138 « Py / $1,002 5 5 & $1,000 =. ~ $600 $749 sore ss92 Misses ssa say $500 $300 255 s76 sox $0 $0 MELT Debt mmmNet Debt Liq Liquidity of approximately $499 million at avs0roons credit
Slide 17: Debt Instrument Profile
Debt Instrument Profile Proforma’ funded debt? of $698 million at end of Principal Paymont Scnedule (sini © $60 million Convertible Senior Notes due 2032 - 3.25%? $400 $125 million Convertible Senior Notes due 2022 - 4.25% ¢ $225 million Term Loan - LIBOR + 4.50%* bot * Annual amortization payments
Slide 18: 2016 Outlook
2016 Outlook ——— SS = VS = = —— Navigating the present, focusing on the future
Slide 19: 2016 Outlook: Forecast
2016 Outlook: Forecast (Sinmitions) 2016 2015 Outlook Actual Revenues $ ~485 § 696 Adjusted EBITDA ~90 173 Capital Spending ~ 220 353 Revenue Split: Well intervention $ ~285 $ 373 Robotics ~160 301 Production Facilities ~75 76 Elimination 35) (54) Total $ 485 § 696
Slide 20: 2016 Outlook: Well Intervention
2016 Outlook: Well Intervention © Total backlog as of September 30, 2016 was approximately $1.9 billion © The Q4000 has high utilization for the remainder of 2016; drydock currently scheduled for Ql 2017 © The Q5000 is under contract; experienced downtime during Q4 IRS #1 is actively marketed as a r
Slide 21: 2016 Outlook: Robotics
2016 Outlook: Robotics We currently have ~120 days of firm contracted work for two of our chartered vessels for Q4 2016 performing trenching projects Grand Canyon to be fully utilized through early December on a longer term trenching project Deep Cygnus will continue to perform its ongoing trenching
Slide 22: 2016 Outlook: Capital Spending
2016 Outlook: Capital Spending 2016 Capital Spending? is currently forecasted at approximately $220 million, consisting of the following: * $94 million for Q7000 $214 million in growth capital, primarily for newbuilds currently underway, including: $96 million for Siem Helix 1 and Siem Helix 2 monoh
Slide 23: 2016 Outlook: Balance Sheet
2016 Outlook Balance Sheet © Completed two separate at-the-market (ATM) equity programs during Q2-Q3 and sold 13,018,732 shares of our common stock for a cumulative $100 million in gross proceeds. Proceeds will be used for general corporate purposes which may include debt repayment. © Completed the
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