OII in the Offshore Oilfield 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…
OII Offshore Life Cycle Business Exposure Revenue Mix 5% 15% 25% 55% Exploration Development Production Decommissioning Source: OII Estimates
Earnings Per Share Guidance 2015 Estimate 2.70 2 70 to 2 2.90 90 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 Segments Outlook 2nd Half vs 1st Half SEGMENT OPERATING INCOME ROV 2H < 1H Subsea Products oduc s 2H 1H Subsea Projects 2H < 1H Asset Integrity 2H 1H Advanced Technologies 2H 1H
2015 Earnings Outlook Major Determinants for 2nd Half Vessel-Based IMR Projects Call Out or Spot p Market Work Impacts ROVs, Subsea Products, and Subsea Projects Floating Rig Use OII ROVs on 33 Rigs with 2015 Contract…
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 55% 2014 Down 45% -50% -75% 2008 2009 2010 2011 2012 2013…
2015 Capital Sources & Allocations Current Sources Potential Allocations Cash at June 30, 2015 Organic Cap Ex 191 MM 200 MM to 250 MM Estimated 2015 EBITDA Acquisitions 660 MM 230 MM & More Bank Revolver Cash Dividends 500 MM…
Long Term: Offshore is Essential D Deepwater t R Remains i SiSignificant ifi t Incremental Bbls Existing Fields Bbls Source of 90 Additional 29Mm B/D Crude Production 80 4.31 densate 9.35 70 4.74 e and Cond…
Offshore Final Investment Decisions (FIDs) E Expected t d Capital C it l EExpenditures dit in billions 400 350 300 250 200 150 100 50 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Approved Producing Approved…
Subsea Installations - ex BRZ Forecast to Grow 10% 5 Yr Average, 5-Yr Average 400 Up 26, 10% Growth 291 Trree Installations 300 244 218 200 100 Source: Quest Offshore Resources Mean Case Forecast, August 2015
Subsea Completions In Service - ex BRZ Forecast at Historically High Levels 5 Yr Average, 5-Yr Average 5000 Up 466, 15% Growth 4000 3597 mpletions 3131 Com 3000 2246 2000 1000 Source: Quest Offshore…
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 Estimate 1,000 900 800 700 600 500 400 300 200 100 0 * 2015 - 660 MM-700 MM Based on OII EPS Guidance as of July 22, 2015 See Next Slide For Non-GAAP Reconciliation to…
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 10% 3% 4% 27% 12% 18% 43% 21% 30% 32% ROV Subsea Products Subsea Projects Asset Integrity Adtech June YTD 2015
Supplemental pp Market Information
Rig Fleet, Non-PBR Brazil att June J 30, 30 2015 193 Rigs g Under Contract OII on 64% OII on 74% of Drillships/6th Gen Rigs 57 Rigs On Order 12 Rigs Have Operator Contracts OII - 10 ROV C Contracts t t Competitors - 2 ROV…
Floating Rig Demand History 300 ng Rigs 275 d Contracted Floatin 250 200 Demand at June 30 30, 2015 - 243 Year-End 150 100 Source: IHS-Petrodata
OII ROV Fleet Geographic Profile June 2015 39 34 102 31 54 76 GOM Africa Norway Brazil Asia/Pac Other 336 Vehicles
OII ROVs on Vessels June 2015 Locations Customers 19 30 48 44 22 21 GOM Africa Norway Other Operators Contractors 92 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% * June 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* *June 2015
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