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CREDIT SUISSE ENERGY SUMMIT – Oceaneering International

Oceaneering International · Feb 25, 2015 · 21 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. CREDIT SUISSE ENERGY SUMMIT – Oceaneering International – slide 1
    Earnings Per Share Guidance 2015 Estimate 3 3.10 10 - 3.50 3 50 Actual Low Estimate High Estimate 5.00 4.00 Earnings per Share 3.00 2 00 2.00 1.00 0.00 2010 2011 2012 2013 2014 2015E OII 2015 Guidance Ranges…
  2. CREDIT SUISSE ENERGY SUMMIT – Oceaneering International – slide 2
    C & C Technologies Acquisition Pending Global Survey y Services Autonomous Underwater Vehicles 230 MM Purchase Price Expect April 2015 Closing Accretive to 2015 Earnings
  3. CREDIT SUISSE ENERGY SUMMIT – Oceaneering International – slide 3
    2015 Capital Sources & Allocations Current Sources Potential Allocations Cash C at Dec 31, 2014 Organic O Cap C Ex 431 MM 200 MM to 250 MM Estimated 2015 EBITDA Acquisitions 725 MM 230 MM & More Bank Term Loan Cash Dividends…
  4. CREDIT SUISSE ENERGY SUMMIT – Oceaneering International – slide 4
  5. CREDIT SUISSE ENERGY SUMMIT – Oceaneering International – slide 5
    Supplemental Financial Information
  6. CREDIT SUISSE ENERGY SUMMIT – Oceaneering International – slide 6
    EBITDA in millions Actual Low Estimate High Estimate 1,000 900 800 700 600 500 400 300 200 100 0 * 2015 - 725MM-800MM Based on OII EPS Guidance as of February 11, 2015 See Next Slide For Non-GAAP Reconciliation to Net…
  7. CREDIT SUISSE ENERGY SUMMIT – Oceaneering International – slide 7
    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…
  8. CREDIT SUISSE ENERGY SUMMIT – Oceaneering International – slide 8
    Business Segments Revenue Operating Income 7% 2% 7% 14% 14% 29% 41% % 16% 34% 36% ROV Subsea Products Subsea Projects Asset Integrity Adtech YTD 2014
  9. CREDIT SUISSE ENERGY SUMMIT – Oceaneering International – slide 9
    Supplemental Market Information
  10. CREDIT SUISSE ENERGY SUMMIT – Oceaneering International – slide 10
    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…
  11. CREDIT SUISSE ENERGY SUMMIT – Oceaneering International – slide 11
    Offshore Life Cycle Business Exposure Revenue Mix 5% 15% 25% 55% Exploration Development Production Decommissioning Source: OII Estimates
  12. CREDIT SUISSE ENERGY SUMMIT – Oceaneering International – slide 12
    Floating Rig Demand History 300 ontracted Flloating Rigss 250 200 ear-End Co 150 Ye 100 Source: IHS-Petrodata at December 31, 2014
  13. CREDIT SUISSE ENERGY SUMMIT – Oceaneering International – slide 13
    Rig Fleet, Non-PBR Brazil at December 31 31, 2014 216 Rigs Under Contract OII on 65% 6 % OII on 77% of Drillships/6th Gen Rigs 58 Rigs On Order 18 Rigs Have Operator Contracts OII - 13 ROV Contracts Competitors C tit - 3 ROV C…
  14. CREDIT SUISSE ENERGY SUMMIT – Oceaneering International – slide 14
    Deepwater Fields Backlog Undeveloped Discoveries Fields 600m 600 500 400 300 200 100 0 2009 2010 2011 2012 2013 2014 Source: IHS Petrodata
  15. CREDIT SUISSE ENERGY SUMMIT – Oceaneering International – slide 15
    Leading Market Position Remotely Operated Vehicles Ownership Drill Support Market Share OII - 336 OII 162 36% 59% Worldwide Fleet 275 Floating Rigs Contracted** 937 Vehicles* Source: *OII Estimates - December 2014; **IHS…
  16. CREDIT SUISSE ENERGY SUMMIT – Oceaneering International – slide 16
    Oilfield ROV Fleet Ownership Drill Support Market Share OII 336 OII 162 36% 59% OII Subsea 7 Fugro DOF Subsea Saipem C-Innovations Helix Technip Worldwide Fleet TMT 275 Floating Rigs Contracted** Other 937 Vehicles*…
  17. CREDIT SUISSE ENERGY SUMMIT – Oceaneering International – slide 17
    OII ROV Fleet Geographic g p Profile December 2014 35 34 98 33 54 82 GOM Africa Norway Brazil Asia/Pac Other 336 Vehicles
  18. CREDIT SUISSE ENERGY SUMMIT – Oceaneering International – slide 18
    OII ROVs on Vessels December 2014 Locations Customers 15 25 48 41 19 30 GOM Africa Norway Other Operators Contractors 89 Vehicles
  19. CREDIT SUISSE ENERGY SUMMIT – Oceaneering International – slide 19
    OII ROV Pricing and Fleet Utilization Revenue / Day on Hire Fleet Utilization 11,000 100% 9,000 90% 7,000 80% 5 000 5,000 70% 3,000 60% 1,000 50%
  20. CREDIT SUISSE ENERGY SUMMIT – Oceaneering International – slide 20
    Leading Market Position Specialty Subsea Products Umbilicals Tooling & Subsea Work Systems Installation and Workover Control Systems Subsea Hardware
  21. CREDIT SUISSE ENERGY SUMMIT – Oceaneering International – slide 21
    Subsea Products Backlog At Period End in millions 1,000 800 600 400 200 0 2009 2010 2011 2012 2013 2014 December 2014

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