| --- | --- | --- | --- | --- | --- | |---------------------|-------|-------|-------|-------|-------| | | | | | | | | July 26, 2022 | | | | | | | Second Quarter 2022 | | | | | | | Conference Call | | | | | | | | | | | | | FORWARD-LOOKING STATEMENTS 2 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 o ...

| --- | --- | --- | --- | --- | |--------------------|-------|-------|-------|-------| | | | | | | | April 26, 2022 | | | | | | First Quarter 2022 | | | | | | Conference Call | | | | | | | | | | | 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 "for ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________ to__________ Commission File Number: 001-32936 HELIX ENERGY SOLUTIONS GROUP, INC. (Exact name of registrant as specified in its charter) Minn ...

Helix Energy Solutions Group, Inc. (NYSE:HLX) Q1 2022 Earnings Conference Call April 26, 2022 10:00 AM ET Company Participants Brent Arriaga - CAO & Corporate Controller Kenneth Neikirk - SVP, General Counsel & Corporate Secretary Owen Kratz - President, CEO & Director Scott Sparks - EVP & COO Erik Staffeldt - EVP & CFO Conference Call Participants Ian MacPherson - Piper Sandler & Co. James Schumm - Cowen and Company Donald Crist - Johnson Rice & Company Kay Hoh - Evercore ISI Operator Greetings, and welcom ...

For the transition period from__________ to__________ For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-32936 HELIX ENERGY SOLUTIONS GROUP, INC. (Exact name of registrant as specified in its charter) Minnesota ...

Financial Data and Key Metrics Changes - Revenues for Q4 2021 were $169 million, with a net loss of $26 million and EBITDA of $9 million, compared to revenues of $675 million and a net loss of $62 million for the full year 2021 [10][11] - The gross profit for Q4 was negative $5 million, resulting in a gross profit margin of negative 3%, while the full year gross profit was $15 million with a gross profit margin of 2% [10][14] - The company achieved a negative net debt balance of $22 million by the end of 2021, with a cash balance of $254 million and $74 million in temporarily restricted cash [11][33] Business Line Data and Key Metrics Changes - The well intervention fleet achieved global utilization of 56% in Q4, with 52% in Brazil and 89% in the Gulf of Mexico, while the robotics chartered vessel fleet achieved 99% utilization globally [15][16] - The Siem Helix 2 in Brazil operated with 100% utilization, completing abandonment and production enhancement work [22] - The robotics segment completed various projects, including trenching and ROV support, with strong performance in renewables-related projects [24][27] Market Data and Key Metrics Changes - The Gulf of Mexico market showed strong recovery signs with increasing rates and utilization expected for the Q4000 and Q5000 vessels [41] - The North Sea market is anticipated to be the slowest to recover, with low utilization in Q4 but expected improvements in Q2 and Q3 [19][38] - In West Africa, the Q7000 vessel had 99% uptime, indicating strong operational performance [20] Company Strategy and Development Direction - The company aims to strengthen its energy transition story by enhancing existing production, expanding abandonment capabilities, and broadening offerings in the renewables market [51][52] - The strategy includes focusing on mature fields and providing cost-effective abandonment solutions, as well as increasing capabilities in the renewables sector [51][52] Management's Comments on Operating Environment and Future Outlook - Management expects Q1 2022 to be the weakest quarter due to seasonal downturns and regulatory maintenance for several vessels, with a robust recovery anticipated in the second half of 2022 [36][47] - The company is cautious about providing quantitative guidance for 2022 due to market variability but anticipates strong visibility for the second half of the year [36][50] Other Important Information - The company achieved a long-standing financial goal of reaching net debt 0 and ending the year in a negative net debt position [11] - The company is seeing increased tender activity and expanding its geography and client base for well enhancements and robotics [30] Q&A Session Summary Question: Is it reasonable to model flat working capital this year? - Management indicated that the expectation would be flat working capital, with some variability due to transit towards the APAC region [56] Question: What should be expected regarding free cash flow this year? - Management refrained from issuing guidance on free cash flow due to variability affecting top line and EBITDA generation [56] Question: What are the economics of an ROV spread versus a typical trencher spread? - Rates for ROV spreads range from $60,000 to $80,000 per day, while trenching spreads are above $100,000, with hard cutting spreads around $120,000 [63][64]

Table of Contents Commission File Number: 001-32936 HELIX ENERGY SOLUTIONS GROUP, INC. (Exact name of registrant as specified in its charter) Minnesota 95-3409686 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from___ ...

Helix Energy Solutions Group, Inc. (NYSE:HLX) Q3 2021 Earnings Conference Call October 21, 2021 10:00 AM ET Company Representatives Owen Kratz - Chief Executive Officer Erik Staffeldt - Chief Financial Officer Scotty Sparks - Chief Operating Officer Ken Neikirk - General Counsel Conference Call Participants James Schumm - Cowen Igor Levi - BTIG David Smith - Pickering Energy Partners Operator Greetings, and welcome to the Third Quarter 2021 Earnings Conference Call. During the presentation all participants ...

| --- | --- | --- | |------------------------------------|-------|-------| | | | | | October 21, 2021 | | | | | | | | Third Quarter 2021 Conference Call | | | | | | | FORWARD-LOOKING STATEMENTS 2 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" wit ...

Barclays CEO Energy-Power Conference September 8, 2021 FORWARD-LOOKING STATEMENTS 2 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 stat ...