Tudor, Pickering,
Holt & Co. Hotter
'N Hell
Conference
June 10, 2021
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.
Social Media
From time to time we provide information about Helix on social media, including:
Twitter: @Helix_ESG
LinkedIn: www.linkedin.com/company/helix-energy-solutions-group
Facebook: www.facebook.com/HelixEnergySolutionsGroup
Instagram: www.instagram.com/helixenergysolutions
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HELIX 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
Liquidity1 of $377 million2 and contract backlog of $358 million2
Subsea Services Alliance with Schlumberger provides integrated equipment and services for subsea well intervention
|
Business Mix3 |
|||||
|
Revenue |
Gross Profit |
||||
|
7% |
22% |
Well Intervention |
|||
|
23% |
Robotics |
||||
|
$734 |
$80 |
||||
|
million |
million |
50% |
Production Facilities |
||
|
70% |
28% |
||||
- 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
- As of March 31, 2021
- Based on the twelve months ended December 31, 2020; Percentages exclude eliminations and other expenses
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Global Operations2
1,501 employees worldwide and primarily operates in the Gulf of Mexico,
Brazil, North Sea, Asia Pacific and West Africa regions
|
7 |
Well Intervention |
2 |
ROV Support |
42 |
Remotely Operated |
|
Vessels |
Vessels |
Vehicles (ROV) |
|||
|
Seven dedicated well |
Two dedicated ROV |
42 work class ROVs |
|||
|
intervention vessels |
support vessels |
||||
|
10 |
10 Intervention |
4 |
Trenching |
4 |
Regional Offices |
|
Systems |
Systems |
Houston, Texas, USA (HQ) |
|||
|
Six intervention riser |
I-Trencher cutting |
Aberdeen, United Kingdom |
|||
|
systems, three subsea |
trencher and three jet |
Rio de Janeiro, Brazil |
|||
|
intervention lubricators, |
trenching systems |
||||
|
Singapore |
|||||
|
and one riserless |
openwater abandonment module
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HELIX COMPANY OVERVIEW
- 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 1,522 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
- Our core offerings represent sustainable solutions, and our ability to help our customers achieve ESG successes provides long-term value to Helix shareholders
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WHY CHOOSE HELIX?
Why Helix?
- Market leader in Well Intervention and Robotics/Trenching
- Riser-basedand riserless intervention capabilities
- Increasing contribution of offshore renewables market
- Geographically diverse scope of operations
- Blue-chipcustomers
- Purpose-built,advanced fleet
- Integrated offerings
Why focus on Well Intervention and
Robotics/Trenching
- Low F&D cost for enhanced reserves
- Extended well life via intervention defers cessation of production and P&A spend
- P&A is regulatory driven; demand should increase over time
- Demand for a more cost-effective solution to rigs
- Robotics is essential for credible quality performance in deep- water operations
- Expanding renewables market
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Helix Energy Solutions Group Inc. published this content on 10 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 June 2021 20:49:24 UTC.
