Post on 09-Jun-2018
Forward-Looking Statements Disclosure
In addition to historical information, our presentation materials include certain forward-looking statements about the
Company’s future performance, growth opportunities, outlook, plans, alternatives, strategies, expectations and objectives.
These statements are based on certain assumptions and analyses made by the Company’s management in light of its
experience and its perception of historical trends, current conditions, expected future developments and other factors it
believes are appropriate under the circumstances. Such forward-looking statements are subject to uncertainties that
could cause the Company’s actual results to differ materially from such statements. Such uncertainties include but are not
limited to: volatility of the oil and gas industry, including the level of exploration, production and development activity;
risks of the Company’s growth strategy, including the risks of rapid growth and the risks inherent in acquiring businesses
and/or assets; changes in competitive factors affecting the Company’s business operations; operating hazards, including
the significant possibility of accidents resulting in personal injury, property damage or environmental matters; the
Company’s dependence on certain customers; and the potential shortages of skilled workers and of equipment and
supplies. These and other uncertainties related to the business are described in detail in the Company’s 10-K and other
filings with the Securities and Exchange Commission. Although the Company believes that the expectations reflected in
such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct.
You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date
hereof. The Company undertakes no obligation to update any of its forward-looking statements for any reason.
Investment Considerations
Leading worldwide construction and fabrication contractor with proven experience Dockside integration capabilities and largest graving dock on the Gulf Coast With fabrication facilities stretching from Louisiana to South Texas, we have the largest group of fabrication facilities and
greatest fabrication capability along the Gulf Coast
3.5-4.5 million annual man hour capacity Two full service yards (TX & LA) allow for larger project capability and revenue generation Current facilities and man hour capacity can capture 100% the deep water opportunities – Tension Leg Platforms,
Mini/Micro TLPs, Compliant Towers, SPAR Concepts, FPSOs, Large Decks, and Drilling Rig dock-side modification and repair
Successfully managed through several down-cycles
Diversification • Expanded into marine/shipyard business • Expanded into alternative energy space – Wind Farm Projects
Increased ability to provide vessel repair services • Through the use of our large drydock (Louisiana), and • The only graving dock along the U.S. Gulf Coast (South Texas)
Maintained a strong balance sheet throughout industry cycles $50.1 million of cash (we expect to see this build in the near-term) $101.8 million of working capital No debt as of March 31, 2015
Capability & Experience
One of only Two Large U.S.
Fabricators
Ability to Navigate
Challenging Industry Backdrop
Description Louisiana Texas Total
Total Acreage 663 372 1,035
Developed Acreage 316 372 688
Waterfront Property (Linear ft.) 12,700 5,700 18,400
Bulkheaded (Linear ft.) 4,900 3,700 8,600
Covered Fabrication (sq. ft.) 445,000 333,000 778,000
Maintenance & Warehouse (sq. ft.) 103,300 72,800 176,100
Training & Medical (sq. ft.) 8,000 19,000 27,000
Administration Office (sq. ft.) 61,000 22,000 83,000
Strategic Locations = Competitive Bidder
Strategic Gulf Coast Locations
Texas Yard Louisiana Main Yard
Combined Location Statistics = Deep Water Fabrication and Construction Contracts
Combined facility capabilities coupled with 3.5 to 4.5 million man hour capacity allows Gulf Island to compete with the other fabricators
Shallow Water Capabilities
Jackets of any Size Topsides
With its multiple locations, GIFI can provide 100% of shallow water production solutions
Deepwater Capabilities – 100% of Deep Water Production Solutions
Tension Leg Platforms of Any Size Large Decks & Topsides
SPAR Concept Compliant Towers
FPSOs
Deep Water Rig Repair/Retrofit
With its extensive yards, dockside integration capability and the largest graving dock on the Gulf Coast – GIFI can provide 100% of deep water production solutions Deep Water currently over 62% of backlog
Marine / Drydock / Vessel Repair
9000-ton capacity dry dock with 140’ between the wing walls
Located at mile 34.5 on the Houma Navigational Canal which has a 15-foot draft
Advanced automated technology, including panel line, cutting tables, girder beam welding facility and blasting and painting facilities Dry Dock
Williams Gulfstar 1 Hull inside Graving Dock (Delivered First classic spar hull ever built in the U.S.)
GMF
Balance Sheet (March 31, 2015)
March 31, 2015 ($ Thousands)
ASSETS Current Assets:
Cash and cash equivalents 50,100 $ Total current assets 153,300
Property, plant, and equipment, net 220,400 Total assets 374,300 $
LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities:
Total current liabilities 51,500 $ Long term debt (including current maturities) 0
Total liabilities 89,500 Total shareholders' equity 284,900
Total liabilities and shareholders' equity 374,400 $
Selected Balance Sheet Information • Cash = $50.1M
• Working Capital = $79.8M
• Total Assets = $374.3M
• Company has paid dividends since 2004