OII Participation in Offshore Life Cycle PHASE EXPLORATION DEVELOPMENT PRODUCTION DECOMMISSIONING 1 Market of Operating Subsea Tree Subsea Trees of Field Driver Floating Drilling Rigs Installations In Service Abandonments Business…
Offshore Life Cycle Business Exposure Revenue Mix 5% 15% 25% 55% Exploration Development Production Decommissioning Source: OII Estimates
Earnings Per Share Guidance 2015 Estimate 2 2.80 80 to 3 3.20 20 Actual Low Estimate High Estimate 5.00 4.00 Earnings per Share 3.00 2 00 2.00 1.00 0.00 2008 2009 2010 2011 2012 2013 2014 2015E OII 2015…
2015 Earnings Outlook Major Determinants for Last Three Quarters Vessel Vessel-Based Based IMR Projects Call Out or Spot Market Work Impacts p ROVs,, Subsea Products,, and Subsea Projects j Floating Rig Use OII ROVs on 50…
Combined EPS OSX Companies Excluding OII Actual Consensus Estimate 80 60 Earnings per Share 40 20 0 2008 2009 2010 2011 2012 2013 2014 2015E Based on First Call Actuals and Mean Estimates as of May 13, 2015
Relative EPS Performance To 2008 OSX Peak OII OSX w/o OII 150% 125% Relative to: 100% 2008 Up 60% 2014 Down 30% 75% 50% 25% 0% Relative to: -25% 2008 Down 60% 2014 Down 50% -50% -75% 2008 2009 2010 2011 2012 2013 2014…
2015 Capital Sources & Allocations Current Sources Potential Allocations Cash C h att Mar M 31, 31 2015 Organic O i Cap C EEx 305 MM 200 MM to 250 MM Estimated 2015 EBITDA Acquisitions 680 MM 230 MM & More Bank Term Loan…
Long Term: Offshore is Essential Deepwater eep ate Remains e a sS Significant g ca t Incremental Bbls Existing Fields Bbls Source of 90 Additional 29Mm B/D Crude Production 80 4.31 d Condensate e 9 35 9.35 70 4.74…
Subsea Installations - ex BRZ Forecast at Historically High Levels 5-Yr Average, 500 p 60,, 25% Up % Growth 400 291 Tree IInstallationss 282 300 222 200 100 Source: Quest Offshore Resources Mean Case Forecast,…
Subsea Completions In Service - ex BRZ Forecast at Historically High Levels 5-Yr Average, 5000 Up p 583,, 20% % Growth 3716 4000 ons Completio 3133 3000 2246 2000 1000 Source: Quest Offshore Resources Mean…
OII Summary Challenging Time Well Positioned Intend to Continue Investing for the Future & Returning Capital to Our Shareholders Deepwater Focus Remains Sound Long-Term Prospects Are Promising
Supplemental Financial Information
EBITDA in millions Actual Low Estimate High Estimate 1,000 900 800 700 600 500 400 300 200 100 0 * 2015 - 680 MM-745 MM Based on OII EPS Guidance as of April 22, 2015 See Next Slide For Non-GAAP Reconciliation to Net…
EBITDA Reconciliation to Net Income Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-GAAP financial measurement. Oceaneerings management uses EBITDA because we believe that this measurement is a widely…
Business Segments Revenue Operating Income 5% 9% 7% 13% 28% 37% 14% 19% 31% 37% ROV Subsea Products Subsea Projects Asset Integrity Adtech March YTD 2015
Supplemental Market Information
Floating Rig Demand History 300 ontracted Flloating Rigss 275 250 200 ear-End Co Demand at March 31, 2015 - 261 150 Ye 100 Source: IHS-Petrodata at December 31, 2014
Rig Fleet, Non-PBR Brazil at March 31 31, 2015 204 Rigs Under Contract OII on 64% OII on 76% of Drillships/6th Gen Rigs 57 Rigs On Order 17 Rigs Have Operator Contracts OII - 13 ROV Contracts Competitors - 2 ROV Contracts 2 ROV…
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