02/03/2021 - Helix Energy Solutions Group Inc.: Raymond James & Associates 42nd Annual Institutional Investor Conference

FORWARD-LOOKING STATEMENTS

This presentation contains forward-looking statements that involve risks, uncertainties and assumptions that could cause our results to differ materially from those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, any statements regarding the ongoing COVID-19 pandemic and oil price volatility and their respective effects and results, our protocols and plans, our current work continuing, the spot market, our spending and cost reduction plans and our ability to manage changes; our strategy; any statements regarding visibility and future utilization; any projections of financial items; any statements regarding future operations expenditures; any statements regarding the plans, strategies and objectives of management for future operations; any statements regarding our ability to enter into, renew and/or perform commercial contracts; any statements concerning developments; any statements regarding future economic conditions or performance; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Forward-looking statements are subject to a number of known and unknown risks, uncertainties and other factors that could cause results to differ materially from those in the forward-looking statements, including but not limited to the results and effects of the COVID-19 pandemic and actions by governments, customers, suppliers and partners with respect thereto; market conditions; results from acquired properties; demand for our services; the performance of contracts by suppliers, customers and partners; actions by governmental and regulatory authorities including recent regulatory initiatives by the new U.S. administration; operating hazards and delays, which include delays in delivery, chartering or customer acceptance of assets or terms of their acceptance; our ultimate ability to realize current backlog; employee management issues; complexities of global political and economic developments; geologic risks; volatility of oil and gas prices and other risks described from time to time in our reports filed with the Securities and Exchange Commission ("SEC"), including our most recently filed Annual Report on Form 10-K and in our other filings with the SEC, which are available free of charge on the SEC's website at www.sec.gov. We assume no obligation and do not intend to update these forward-looking statements, which speak only as of their respective dates, except as required by the securities laws.

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COMPANY OVERVIEW

• • Helix Energy Solutions provides specialty services to the offshore energy industry with a focus on well intervention and robotics operations

  • • Exposure to the full energy value chain: Oil & Gas to Renewables

  • • Oil & Gas services cover the lifecycle of a field and are critical to maximizing production economics

  • • Expanding Renewables services where we currently offer trenching, site clearance, and subsea support

• • Three reportable business segments: Well Intervention, Robotics and Production Facilities

• • Liquidity2 of $452 million1 and contract backlog of $407 million1

• • Subsea Services Alliance with Schlumberger provides integrated equipment and services for subsea well intervention

Revenue

Gross Profit

• 1 As of December 31, 2020

  Well Intervention

  Robotics

  Production Facilities

• 2 Liquidity is calculated as the sum of cash and cash equivalents plus available capacity under the Company's credit facility less restricted cash, if any

• 3 Based on the twelve months ended December 31, 2020; Percentages exclude eliminations and other expenses

1,563 employees worldwide and primarily operates in the Gulf of Mexico,

Brazil, North Sea, Asia Pacific and West Africa regions

Well Intervention Vessels

Seven dedicated well intervention vessels

10 Intervention Systems

Six intervention riser systems, three subsea intervention lubricators, and one riserless openwater abandonment module

ROV Support Vessels

Two dedicated ROV support vessels

Trenching Systems

I-Trencher cutting trencher and three jet trenching systems

Remotely Operated Vehicles 44 work class ROVsRegional Offices

Houston, Texas, USA (HQ) Aberdeen, United Kingdom Rio de Janeiro, Brazil Singapore

COMPANY HIGHLIGHTS

• • World's leading provider of both well intervention and subsea robotics technologies to offshore energy industry

• • Pioneer and established leader in rigless offshore well intervention with track record of 1,490 wells and 25+ years of global experience

• • Leading provider of well intervention solutions with a competitive advantage

• • Large and growing addressable market in both well intervention and robotics

• • Industry-leading, built-for-purpose fleet that can be mobilized worldwide

• • Experienced and highly skilled workforce

• • Strong robotics franchise with deepwater ROV track record in oil & gas, renewable energy, subsea mining, and specialty services that spans over 20+ years

• • Strong culture of innovation, with best in class operations and technology portfolio

• • Core Health, Safety and Environment (HSE) values with proven track record

• • Comprehensive array of solutions offered via strategic alliance with Schlumberger

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