Helix Energy Solutions(US:HLX)2021-03-05 15:48Company Overview - Helix Energy Solutions provides specialty services to the offshore energy industry, focusing on well intervention and robotics operations[4] - The company has a gross profit of $452 million and a contract backlog of $407 million[4] - Helix operates globally with 1,563 employees, primarily in the Gulf of Mexico, Brazil, North Sea, Asia Pacific, and West Africa[4] Business Segments - Well Intervention accounted for 70% of revenue, with Robotics contributing 23% and Production Facilities 7%[4] - Robotics revenues include over 41% from the renewables market[21] - Well Intervention revenue was $539 million, while Robotics revenue was $178 million[11, 18] Financial Performance and Outlook - Liquidity was approximately $452 million as of December 31, 2020[4, 28] - Total funded debt was $405 million as of December 31, 2020, expected to decrease by $91 million in 2021[29, 44] - The company expects 2021 EBITDA to be lower than the $155 million generated in 2020 due to COVID-19 and market uncertainty[35] Fleet and Assets - The company has seven dedicated well intervention vessels and two dedicated ROV support vessels[4] - The Robotics segment has a fleet of 44 work-class ROVs and 4 subsea trenchers[4, 18]