Capital One Securities

15th Annual Energy

Conference

December 7, 2020

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 COVID-19 pandemic and recent oil price volatility and their 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 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; 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 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

2

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
  • Three reportable business segments: Well Intervention, Robotics and Production Facilities
  • Ample liquidity2 of $404 million1 and significant contract backlog of $481 million1
  • Subsea Services Alliance with Schlumberger provides integrated equipment and services for subsea well intervention

Business Mix3

Revenue

Gross Profit

7%

20%

Well Intervention

22

Robotics

% $799

$94

million

million

Production Facilities

21%

71%59%

  • As of September 30, 2020
  • 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 September 30, 2020; Percentages exclude eliminations and other expenses

Global Operations

1,563 employees worldwide1 and primarily operates in the Gulf of Mexico,

Brazil, North Sea, Asia Pacific and West Africa regions

7

Well Intervention

2

ROV Support

44

Remotely Operated

Vessels

Vessels

Vehicles

Seven dedicated well

Two dedicated ROV

44 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

3

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 1,470 wells and 25+ years of global experience
  • Leading provider of well intervention solutions with a sustainable 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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Disclaimer

Helix Energy Solutions Group Inc. published this content on 04 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 December 2020 21:00:03 UTC