Seacor Marine Holdings Inc. · NYSE:SMHI
Seacor Marine — Annual Offshore Support Journal Conference 2024
9 slides from Seacor Marine's conference presentation, Feb 7, 2024
Slide 1: SEACOR Marine Holdings Inc. (NYSE: SMHI)
SEACOR Marine Holdings Inc. (NYSE: SMHI) Annual Offshore Support Journal Conference John Gellert President & Chief Executive Officer 7 February 2024
Slide 2: Forward-Looking Statement
Forward-Looking Statement Certain 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 meaning of
Slide 3: Agenda
Agenda 1 Opportunities and challenges 2 Strategies to improve competitiveness and profitability 3 Oil and gas vs. offshore wind 4 Summary seacormarine.com 3
Slide 4: Opportunities in today’s market
Opportunities in today’s market Favorable Supply and Demand Balance 1. Increased demand • Stable commodity prices generating strong cash flow for customers, resulting in increased offshore activity • Development of new areas requiring more vessels and services: ➢ Guyana, Suriname ➢ Namibia ➢ Mozambi
Slide 5: Challenges in today’s market
Challenges in today’s market Uncertainty on the Horizon for Medium and Long-Term 1. Global energy transition and oil and gas volatility • Environmental requirements for alternative energy sources continues • Reduced hydrocarbon demand from China • Uneven, but growing, worldwide adoption of electric
Slide 6: Strategies to improve competitiveness and profitability
Strategies to improve competitiveness and profitability What to do? 1. Capitalize on current market • Cash flow is king • Prepare for tomorrow’s challenges 2. Focus on emissions reduction and operating efficiencies • Efficiency is good for BOTH business and the environment • Offshore is less carbon
Slide 7: Oil and gas vs. offshore wind
Oil and gas vs. offshore wind Lack of profitability in offshore wind and supply chain challenges may favor offshore oil and gas projects: cohabitation is possible • Very tight market with little vessel availability, Offshore Oil & Gas prompting demand for vessels traditionally serving oil and gas •
Slide 8: Summary
Summary OSV market trending positively with strong underlying fundamentals, but: • Uncertainty on the horizon (macroeconomic and geopolitical environment) • Managing present demand while preparing for long-term sustainability Energy transition: • Primary focus to reduce emissions • Long-term growth
Slide 9: Thank You
Thank You
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