2015 GLOBAL ENERGY AND POWER EXECUTIVE CONFERENCE JUNE 2, 2015 NEW YORK, NY
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 2.80 2 80 to 3 3.20 20 Actual Low Estimate High Estimate 5.00 4 00 4.00 Earnings per Share 3.00 2.00 E 1.00 0.00 2008 2009 2010 2011 2012 2013 2014 2015E OII 2015…
2015 Earnings Outlook Major Determinants for Last Three Quarters Vessel-Based IMR Projects Call Out or Spot p Market Work Impacts ROVs, Subsea Products, and Subsea Projects Floating Rig Use OII ROVs on 50 Rigs with 2015…
Combined EPS OSX Companies Excluding OII Actual Consensus Estimate 80 60 Earnings per Share 40 E 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 R l ti tto: -25% 2008 Down 60% 2014 Down 50% -50% -75% 2008 2009 2010 2011 2012 2013…
REMOTELY OPERATED VEHICLES 2015 Outlook vs. vs 2014 Lower Demand PICTURE Drilling and Vessel Support Fewer Fleet Days on Hire Lower Utilization Reduced Average g Pricing g Flat Fleet Size
SUBSEA PRODUCTS 2015 Outlook vs. vs 2014 Lower Demand Short-Cycle Businesses e.g. Tooling Field Abandonment Support BOP Control System Replacements
SUBSEA PROJECTS 2015 Outlook vs. vs 2014 Lower Vessel Pricing in the GOM PICTURE Lower Chartered Vessel Demand off Angola Mitigated by Higher Operating Income from: Angola Diving Data Solutions Group including AIRSIS…
Data Solutions Group Communications Video/Telemetry Software Solutions A Asset tTTracking ki
C & C Technologies Acquisition Acquired April 2, 2015 230 MM Purchase Price Autonomous Underwater Vehicles Global Survey & Positioning Services Unique Opportunity to Strategically Expand Underwater Offerings Neutral to 2015…
ASSET INTEGRITY 2015 Outlook vs. vs 2014 Lower Demand Customers deferring maintenance Generally Lower Pricing
Subsea Asset Integrity Services Targeted Assets Flexible and Rigid g Flowlines, Pipelines p and Risers Inspection I ti Technologies T h l i Digital Radiography, Ultrasonic, and Electro Magnetic Acoustic Transducer (EMAT)
Subsea Asset Integrity Tools Magna Scan Neptune Digital Radiography Trident Tool (DRT)
2015 OTC Award M Magna Scan S Subsea S b IInspection ti S System t
2015 Capital Sources & Allocations Current Sources Potential Allocations Cash at Mar 31, 2015 Organic Cap Ex 305 MM 200 MM to 250 MM Estimated 2015 EBITDA Acquisitions 680 MM 230 MM & More Bank Term Loan Cash Dividends 50 MM…
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 pp Financial Information
EBITDA in millions Actual Low Estimate High g 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 pp Market Information
Floating Rig Demand History 300 ng Rigs 275 d Contracted Floatin 250 200 Demand at March 31 31, 2015 - 261 Year-End 150 100 Source: IHS-Petrodata at December 31, 2014
Rig Fleet, Non-PBR Brazil att March M h 31, 31 2015 204 Rigs g 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 C Contracts t t Competitors - 2 ROV…
OII ROV Fleet Geographic Profile March 2015 39 99 33 32 55 78 GOM Africa Norway Brazil Asia/Pac Other 336 Vehicles
OII ROVs on Vessels March 2015 Locations Customers 18 24 38 51 21 26 GOM Africa Norway Other Operators Contractors 89 Vehicles
OII ROV Pricing and Fleet Utilization Revenue / Day on Hire Fleet Utilization 11,000 100% 9 000 9,000 90% 7,000 80% 5,000 70% 3,000 60% 1,000 50% * March YTD
Leading Market Position Specialty Subsea Products Umbilicals Tooling & Subsea Work Systems IInstallation t ll ti and d Workover Control Systems Subsea Hardware
Subsea Products Backlog At Period End in millions 1,000 800 600 400 200 0 2009 2010 2011 2012 2013 2014 2015* *March 2015
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