Helix Energy Solutions Group, Inc. · NYSE:HLX
Helix Energy Solutions — Corporate Update (April 2013)
27 slides from Helix Energy Solutions's corporate update, Apr 29, 2013
Slide 1: Company Update
gem HELIX Company Update ~ May 2013
Slide 2: Forward-Looking Statements
* Forward-Looking Statements This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All such statements, other than statements of historical fact, are “forward-looking statements” w
Slide 3: Who We Are
* Who We Are Helix is a specialty deepwater service provider to the offshore energy industry, focused on expanding our subsea infrastructure services in Well Intervention and Robotics.
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
Slide 5: Well Intervention
* Well Intervention
Slide 6: Well Intervention Overview
* Well Intervention Overview
Slide 7: Well Intervention Current Asset Base
* Well Intervention Current Asset Base Q4000 Well Enhancer Seawell Intervention Riser Systems (IRS) Subsea Intervention Lubricators (SIL) Skandi Constructor (chartered vessel)
Slide 8: Future Well Intervention Growth
* Future Well Intervention Growth Helix 534 In Service Q3 2013 Q5000 In Service 1H 2015 Intervention Riser Systems
Slide 9: Global Subsea Well Inventory Growth
* Global Subsea Well Inventory Growth Source: Infield Systems, Offshore Energy Database
Slide 10: What Sets Helix Apart in Well Intervention
* What Sets Helix Apart in Well Intervention The Helix fleet pioneered modern deepwater well intervention techniques MSV Seawell, the industry’s first dedicated monohull light well intervention vessel MODU Q4000, the industry’s first semi-submersible vessel dedicated to riser-deployed well intervent
Slide 11: Robotics
* Robotics
Slide 12: Robotics Overview
* Robotics Overview 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 project managem
Slide 13: Robotics Assets
* Robotics Assets 50 Work-class ROVs: The backbone of the fleet, capable of performing a broad array of subsea construction and well intervention tasks 8 new ROVs placed in service in 2012 4 Trenchers: The key to pipeline installation in heavily-trafficked waters T1200 (above) placed in service Q3 2
Slide 14: Chartered Vessel Fleet
* Chartered Vessel Fleet Deep Cygnus Olympic Canyon Olympic Triton Grand Canyon
Slide 15: Chartered Vessel Fleet
* Chartered Vessel Fleet Currently four vessels under long-term charter Three additional vessels scheduled to enter fleet over the next 3 years Rem Installer – 2013 Grand Canyon II – 2014 Grand Canyon III – 2015 The above vessels are a combination of fleet enhancement / replacement Spot vessels are
Slide 16: Future Robotics Growth
* Future Robotics Growth Newbuild chartered vessels optimized for renewable energy markets, as well as oil & gas markets Additional work-class ROVs for current and emerging markets Trenchers for burial operations worldwide ROVDrill seabed coring units for energy and mining industries
Slide 17: What Sets Helix Apart in Robotics
* What Sets Helix Apart in Robotics Helix charters its ROV support vessels, ensuring a modern fleet that can expand and contract based on regional requirements A fleet of advanced vehicles, including several units custom-built to our specifications The industry leader in subsea trenching and coring
Slide 18: Production Facilities
* Production Facilities
Slide 19: Production Facilities
* Production Facilities Independence Hub Semi (20%) Location: Mississippi Canyon (GOM) Partner: Enterprise Products Operator: Anadarko Marco Polo TLP (50%) Location: Green Canyon (GOM) Partner: Enterprise Products Operator: Anadarko Helix Producer I FPU Location: Phoenix Field (GOM) Expect to remain
Slide 20: 2013 Outlook
* 2013 Outlook
Slide 21: 2013 Outlook
* 2013 Outlook ($ in millions) 2013 Outlook and 2012 Actual includes $32 million and $367 million from Oil and Gas discontinued operations. 2013 Outlook excluding Subsea Construction and Oil and Gas, plus expected annualized contribution from Helix 534 and chartered Skandi Constructor.
Slide 22: 2013 Outlook
* 2013 Outlook Contracting Services Backlog as of March 31, 2013 was $1.6 billion (pro forma for Q4000 and Q5000 multi-year contracts signed the first week in April) Utilization expected to remain strong for the well intervention fleet Q4000 full backlog thru 2015 Q5000 initial backlog of 270 days a
Slide 23: 2013 Outlook - Capex
* 2013 Outlook - Capex Capital Expenditures Contracting Services (approximately $365 million in 2013) $61 million incurred in Q1 Q5000 new build (approximately $135 million in 2013) On schedule for delivery in 2015 Newly acquired Helix 534 continues conversion in Singapore into a well intervention v
Slide 24: Debt & Liquidity
* Debt & Liquidity
Slide 25: Liquidity of approximately $1.1 billion at 3/31/2013
* Liquidity of approximately $1.1 billion at 3/31/2013 ($ amounts in millions) Debt and Liquidity Profile Includes impact of unamortized debt discount under our convertible senior notes. Liquidity, as we define it, is equal to cash and cash equivalents ($626 million), plus available capacity under o
Slide 26: Total funded debt of $728 million at end of Q1 2013
* Total funded debt of $728 million at end of Q1 2013 consisting of: $200 million Convertible Senior Notes – 3.25% (A) ($170 million net of unamortized debt discount) $150 million Term Loan / Revolver borrowings LIBOR + 2.75% on $73 million of Term Loan LIBOR + 2.75% on $78 million of Revolver $522
Slide 27: Follow Helix ESG on Twitter and LinkedIn
* * Follow Helix ESG on Twitter: www.twitter.com/Helix_ESG Join the discussion on LinkedIn: www.linkedin.com/company/helix
Helix Energy Solutions Group — Corporate Update (April 2013) on 6ix