Helix Energy Solutions Group, Inc. · NYSE:HLX
Helix Energy Solutions — Raymond James 34th Annual Institutional Investors Conference 2013
25 slides from Helix Energy Solutions's conference presentation, Mar 5, 2013
Slide 1: Raymond James 34th Annual Institutional Investors Conference
* Raymond James 34th Annual Institutional Investors Conference March 5, 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)
Slide 8: Future Well Intervention Growth
* Future Well Intervention Growth Helix 534 In Service Q3 2013 Skandi Constructor In Service Q2 2013 Q5000 In Service 1H 2015 Intervention Riser Systems
Slide 9: 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 10: Robotics
* Robotics *
Slide 11: 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 12: Robotics Assets
* Robotics Assets 50 Work-class ROVs: The backbone of the fleet, capable of performing a broad array of subsea contruction 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 20
Slide 13: Chartered Vessel Fleet
* Chartered Vessel Fleet* Deep Cygnus Olympic Canyon Olympic Triton Grand Canyon * Spot vessels added to chartered vessel fleet as market demand requires.
Slide 14: 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 15: 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 16: Production Facilities
* Production Facilities
Slide 17: Production Facilities
* Production Facilities Independence Hub Semi (20%) Location: Mississippi Canyon Partner: Enterprise Products Operator: Anadarko Marco Polo TLP (50%) Location: Green Canyon Partner: Enterprise Products Operator: Anadarko Helix Producer I FPU Location: Phoenix Field Expect to remain on field through
Slide 18: 2013 Outlook
* 2013 Outlook
Slide 19: 2013 Outlook
* 2013 Outlook ($ in millions) 2013 Outlook and 2012 Actual includes $27 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 charted Skandi Constructor.
Slide 20: 2013 Outlook: Backlog and Utilization
* 2013 Outlook Contracting Services Backlog totaling $800 million at the end of 2012 (~$530 million expected to be completed in 2013) Strong utilization expected for the well intervention fleet Q4000 full backlog thru 2014, plus pending commitments beyond Helix 534 expected in service in Q3, full ba
Slide 21: 2013 Outlook - Capex
* 2013 Outlook - Capex Capital Expenditures Contracting Services (~$350 million) Q5000 new build (approximately $140 million of capex in 2013) On schedule for delivery in 2015 Newly acquired Helix 534 continues conversion in Singapore into a well intervention vessel Estimated $180 million for vessel
Slide 22: Debt & Liquidity
* Debt & Liquidity
Slide 23: Liquidity of approximately $925 million at 12/31/2012
* Liquidity of approximately $925 million at 12/31/2012 ($ 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 ($437 million), plus available capacity under
Slide 24: Total funded debt of $1.1 billion at end of Q4 2012
* Total funded debt of $1.1 billion at end of Q4 2012 consisting of: $204 million Convertible Senior Notes – 3.25% (A) ($172 million net of unamortized debt discount) $367 million Term Loan (B) - LIBOR + 3.50% on $271 million, and LIBOR + 2.75% on $96 million $100 million Revolver borrowings (C) – L
Slide 25: 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