Tidewater 8K Pritchard Capital Partners, LLC | TDW 14 Jan 08

TIDEWATER

Pritchard Capital Partners, LLC

Energize 2008 Conference

January 9, 2008

GLOBAL MOMENTUM

Joseph M. Bennett -

Sr. V.P., Principal Accounting Officer

and Chief Investor Relations Officer

Exhibit 99.1

TIDEWATER

601 Poydras Street, Suite 1900

New Orleans, LA 70130

FORWARD-LOOKING

STATEMENTS

accordance

with

the

safe

harbor

provisions

the

Private

Securities

Litigation

Reform

Act

1995,

the

Company

notes

that

certain

statements

set

forth

this

presentation

provide

other

than

historical

information

and

are

forward

looking.

The

actual

achievement

any

forecasted

results,

the

unfolding

future

economic

business

developments

any

way

anticipated

projected

the

Company, involve many risks and uncertainties. Among those risks

and uncertainties, many of which

are

beyond

the

control

the

Company,

are:

fluctuations

oil

and

gas

prices;

the

level

fleet

additions by competitors and vessel overcapacity; changes in levels of capital spending in domestic

and international markets by customers in the energy industry for exploration, development and

production; unsettled political conditions, civil unrest and governmental actions, especially in higher

risk countries of operations; changing customer demands for different vessel specifications; acts of

terrorism; unsettled political conditions, war, civil unrest and

governmental actions, especially in

higher risk countries of operations; foreign currency fluctuations; and environmental and labor laws.

Participants should consider all of these risk factors as well as other information contained in the

Company’s form 10-K’s and 10-Q’s.

Phone:

504.568.1010

•

Fax:

504.566.4580

•

Web

site

address:

www.tdw.com

•

Email:

connect@tdw.com

TIDEWATER

OUR WORKPLACE

TIDEWATER

SAFETY RECORD RIVALS

LEADING COMPANIES

0.00

0.25

0.50

0.75

1.00

Total Recordable Incident Rates

2001

2002

2003

2004

2005

2006

Calendar Years

TIDEWATER

DOW CHEMICAL

DUPONT

EXXON/MOBIL

TIDEWATER

TIDEWATER TODAY

Safety record rivals leading companies

International presence driving earnings

Using cash position to grow industry’s largest new fleet

A strong balance sheet

Authority to repurchase common shares

TIDEWATER

TIDEWATER TOMORROW

Maintain financial strength

Grow international market share

Renew the fleet in a disciplined way

Push day rates and utilization to grow profits

and cash flow

Generate solid earnings across market cycles

Right acquisitions, right price, right time

TIDEWATER

WHY A POSITIVE OUTLOOK?

Favorable commodity pricing

International E&P spending up (Lehman recent report

forecasts spending to be up 16% in 2008)

Offshore rig count up

New rig construction

Largest new fleet in the industry

International scope of operations

Continued strong demand in virtually all areas of

operation

TIDEWATER

The most internationally diverse company

in the industry

Five decades of international experience

Continuing to grow international market share

Improving vessel utilization and dayrates for earnings

growth

During 9/30/07 quarter, 85% of revenue & 91% of profit

came from International operations (vs. 49% and 41%

ten years ago.)

International E&P spending forecast to increase at a

faster rate (16%) than overall E&P spending (11%)

INTERNATIONAL OPERATIONS

DRIVING EARNINGS

TIDEWATER

SUPERIOR OPERATING CAPABILITIES

DRIVE OUR COMPETITIVE ADVANTAGE

Superior operating performance

–

Safety-oriented culture

–

Deep knowledge of customer needs

International scope and relationships

–

Worldwide market presence (e.g., “our

people on the ground”

in every market)

–

Long-term relationships with major

operators (NOC’s, IOC’s and independents)

Attractive fleet

–

Most new vessels in industry

–

Wide range of equipment types

Cost efficient management

–

“Lean”

mentality applied to operations and

overhead

–

Aggressive construction cost management

TIDEWATER

TIDEWATER 1997

Vessel Count By Region

57% International 43% Domestic

North

America

243 (43%)

Central/South

America

84 (15%)

West

Africa

125 (22%)

Europe/M.E.

75 (14%)

Far East

32 (6%)

A LOOK BACK

TIDEWATER

88% International 12% Domestic

Active Vessel Count By Region

(excludes stacked vessels)

TIDEWATER TODAY

INTERNATIONAL OPERATIONS

DRIVING EARNINGS

North

America

43 (12%)

Central/South

America

101 (28%)

West

Africa

139 (38%)

Far East

46 (12%)

Europe/M.E.

38 (10%)

TIDEWATER

INTERNATIONAL VESSEL

DAYRATES

10%

20%

30%

40%

50%

Fiscal 2005

Fiscal 2006

Fiscal 2007

Total Growth Percentage

From FY’

04 through 9/30/07 –

Total Growth 64%

TIDEWATER

USING CASH POSITION TO GROW

INDUSTRY’S LARGEST NEW FLEET

Estimated annual commitment of $300-$500

million to continue fleet renewal

Expected to be funded through internal

cash flow generation

CapEx

of $235 million in Fiscal 2007 and $216

million in six months ended 9/30/07

Prudent approach to expansion/acquisition

opportunities

We Continuously Strive for a Balance Between

Performance, Growth and Financial Strength

TIDEWATER

LARGEST NEW FLEET

IN THE INDUSTRY

$1,011m

PSV’s

$2,369m

(2)

179

TOTALS:

(1)

$267m

Crewboats

& Tugs

$1,091m

AHTS

Cost

Vessel Count

(1) Includes vessels added to the fleet financed by bareboat charter.

(2) $1,713m funded to date (through 9/30/07).

*Excludes ENSCO fleet acquisition effected April 1, 2003.

Vessel Commitments Jan. ’00 –

September ’07

Maintaining a Disciplined Approach to the

Renewal of our Fleet is our First Priority

During the same time frame, Tidewater disposed of 384 vessels.

TIDEWATER

LARGEST NEW FLEET IN THE

INDUSTRY …

AND COUNTING

Our approach to managing construction

Total

PSV

Crew and Tug

AHTS

Count

Vessels Under Construction

As of September 30, 2007

Building vessels

worldwide at 15 different

yards

Continuing due diligence

on new and existing yards

Utilizing Tidewater

construction

superintendents to

supervise on site

Deliveries expected: 13 in

second half of FY 2008, 18

in FY 2009, 18 in FY 2010

and 1 in FY 2011

Effectively Utilizing Our Strong Cash Position

to Grow the Industry’s Largest New Fleet

TIDEWATER

Fiscal 2007

Profit

Contribution

Average

Age

Vessel

Count

Profit

Contribution

Average

Age

Vessel

Count

48%

105

Vessels built

or acquired

since

January 2000

52%

321

100%

509

Vessels built

prior to

January 2000

Fiscal 2000

LARGEST NEW FLEET

IN THE INDUSTRY

Fleet Age and Profit Contribution

Approximately

53% of Current Vessel Profitability is

Generated by New Vessels

* New vessel contribution for Fiscal 2005 was 30%.

TIDEWATER

VESSEL ACQUISITION ALTERNATIVES

Buy Existing

Construct New

Buy Fleet

(e.g., Buy Company)

Considerations:

Usually one-off

purchases, often to

match specific client

needs

Immediate delivery

Entry price at “full”

market rate

May limit overall

capacity

Considerations:

Built to Tidewater

quality standards

18 + months to delivery

Potential shipyard

backlog

Contract terms (e.g.,

fixed price, LDs, etc.)

Resource requirements

to oversee construction

Considerations:

Quality of equipment

Existing contracts

Potential synergies

Potential divestiture of

non core assets

Potential premium

Execution risk

Value creation potential

vs. alternatives

TIDEWATER

CONSIDERATIONS IN DESIGNING

OUR “OPTIMAL”

VESSEL MIX

Vessel Type

Custom/

Specialized

Standardized

Specifications

Small

Ultra big

Operating Capabilities

Renew

existing

Expand to

niche

markets

End Users

Drilling,

production

Subsea, main-

tenance, LNG

etc.

Supply/Demand

Cycle timers

Invest

across

cycle

TDW*

*Arrows are illustrative of Tidewater’s current views; they should not be interpreted as excluding other points on the

continuums in the future.

TIDEWATER

A STRONG BALANCE SHEET

$1,910

$1,883

Stockholders’

Equity

$300

Long-term Debt*

$321

$394

Cash

September 2007

March 2007

Further Proof of Our Discipline and

Sound Business Strategy

(in Millions)

* Excludes $21.9 million at March 2007, and $53.5 million at September 2007, of total capitalized lease obligations.

TIDEWATER

SIGNIFICANT EARNINGS GROWTH

$50

$100

$150

$200

$250

$300

$350

Fiscal 2004

Fiscal 2005

Fiscal 2006

78% Three-Year Compounded

Annual Earnings Growth Rate

$59M

$101M

$193M

$336M

Net earnings in Fiscal 2004 is exclusive of the $17.2 million after tax impairment charge. Net earnings in Fiscal 2006 is

exclusive of the $42.8 million after tax gain from the sale of six KMAR vessels.

Net earnings in Fiscal 2007 is exclusive of $20.8 million of after tax gains from the sale of 14 offshore tugs.

Fiscal 2007

TIDEWATER

ABILITY TO GENERATE SOLID

EARNINGS ACROSS MARKET CYCLES

Fiscal

30%

$1.78

2005

24%

$.73

2004

–

$1.37

2000

48%

109

$5.94

(5)

2007

128

101

Active New Vessels

(2)

$6.35

(1)

$3.33

(4)

E.P.S

44%

New Vessel Profit

Contribution

Fleet Average Age

(years)

(3)

2008

2006

(1)

First

Call

consensus

estimates

December

2007,

which

being

provided

for

information

purposes

only.

Tidewater does not endorse these estimates and takes no responsibility for any updating of this information in the future.

Tidewater does not provide guidance on future earnings performance.

(2)

Vessels

built

acquired

after

1-1-2000

inclusive

newbuilds

committed

September

30,

2007.

Does

not

include

additional

vessels

committed

for

delivery

Fiscal

2009

2011.

(3)

Includes committed newbuilds

with no assumed fleet retirements.

(4)

Excludes $42.8 million after tax gain ($.74 per share) on sale of 6 KMAR AHTS vessels.

(5)

Excludes $20.8 million after tax gain ($.37 per share) on sale of 14 offshore tugs.

TIDEWATER

SHARE REPURCHASE PROGRAM

Authority to repurchase up to $200 million in

common stock under current program, with

$177.5 spent through 12/31/07

Continue to purchase shares on an

opportunistic basis

Since 8/05, have repurchased 8,188,800 total

shares for $443.6 million or $54.18 per share

TIDEWATER

STRATEGIES ARE PURSUED TO

SUPPORT LONG-TERM GOALS

Renew

Fleet

Maintain Financial

Strength

Deliver

Results

Consistently distribute cash to owners

through dividends and repurchases

Distribution

Consider cycle risk in designing optimal

capital structure; ensure sustainability

through down cycles

Capital

structure

Acquire across the cycle; consider key

factors in designing asset mix

Fleet

renewal

Set term giving consideration to

commodity cycle, competitors and

obsolescence

Contracting

Build on core competencies and existing

relationships; pursue new initiatives with

informed discipline

Growth

Pursue when value creation potential

exceeds stand alone case

Conceptual Approach

M&A

Strategic

Initiatives

“Consistent Goals & Objectives

Over Last Several Years”

TIDEWATER

Pritchard Capital Partners, LLC

Energize 2008 Conference

January 9, 2008

GLOBAL MOMENTUM

Joseph M. Bennett -

Sr. V.P., Principal Accounting Officer

and Chief Investor Relations Officer

TIDEWATER

APPENDIX

TIDEWATER

INTERNATIONAL VESSELS

Dayrates and Utilization

$100 change in dayrate = $10.3M in revenue

1% change in utilization = $12.9M in revenue

40%

50%

60%

70%

80%

90%

9/04

12/04

3/05

6/05

9/05

12/05

3/06

6/06

9/06

12/06

3/07

6/07

9/07

$4,000

$4,500

$5,000

$5,500

$6,000

$6,500

$7,000

$7,500

$8,000

$8,500

$9,000

$9,500

$10,000

* Dayrate

and utilization information is for all classes of vessels operating international.

TIDEWATER

$3,000

$4,000

$5,000

$6,000

$7,000

$8,000

$9,000

$10,000

$11,000

$12,000

$13,000

$14,000

$15,000

9/04

12/04

3/05

6/05

9/05

12/05

3/06

6/06

9/06

12/06

3/07

6/07

9/07

Remaining Vessels

New Vessels

INTERNATIONAL VESSELS

DAYRATES

* Dayrate

information is for all classes of vessels operating international.

TIDEWATER

DOMESTIC VESSEL DAYRATES

20%

40%

60%

80%

100%

120%

140%

Fiscal 2005

Fiscal 2006

Fiscal 2007

Total Growth Percentage

125% Total Growth since FY’04

TIDEWATER

DOMESTIC VESSELS

Dayrates and Utilization

$100 change in dayrate = $1.4M in revenue

1% change in utilization = $2.5M in revenue

20%

30%

40%

50%

60%

70%

80%

9/04

12/04

3/05

6/05

9/05

12/05

3/06

6/06

9/06

12/06

3/07

6/07

9/07

$4,000

$5,000

$6,000

$7,000

$8,000

$9,000

$10,000

$11,000

$12,000

$13,000

$14,000

* Dayrate

and utilization information is for all classes of vessels operating in the U.S.

TIDEWATER

$3,000

$5,000

$7,000

$9,000

$11,000

$13,000

$15,000

9/04

12/04

3/05

6/05

9/05

12/05

3/06

6/06

9/06

12/06

3/07

6/07

9/07

Remaining Vessels

New Vessels

DOMESTIC VESSEL DAYRATES

* Dayrate

information is for all classes of vessels operating in the U.S.

Tidewater (TDW) 8-KPritchard Capital Partners, LLC