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oceaneering.com

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Portfolio Exits

1

Partners & Customers

10

About Oceaneering International

Oceaneering (NYSE: OII) is a global oilfield provider of engineered services and products, primarily to the offshore oil and gas industry, with a focus on deepwater applications. Through the use of its advanced applied technology expertise, Oceaneering also serves the defense, entertainment, and aerospace industries.

Oceaneering International Headquarter Location

11911 FM 529

Houston, Texas, 77041,

United States

713-329-4500

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Latest Oceaneering International News

Oceaneering International : 2022 First Quarter Investor Presentation

May 17, 2022

05/17/2022 | 05:12pm EDT Message : May 2022 Forward-Looking Statements In accordance with the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995, Oceaneering cautions that statements in this presentation that express a belief, expectation, or intention are forward looking. Forward-looking statements are generally accompanied by words such as "estimate," "project," "predict," "believe," "expect," "anticipate," "could," "should," "would," "intend," "opportunity," "target," "plan," "forecast," "budget," "goal," or other words that convey the uncertainty of future events or outcomes. The forward-looking statements in this presentation include, among other things, statements about: growing energy transition and non-energy portfolio; increasing focus on eco-friendly enabling opportunities and digitalization; our expectation that we will benefit from increasing offshore activity; our Manufactured Products backlog, to the extent backlog may be viewed as an indicator of future revenue or profitability; our outlook for the second quarter and full year 2022 and the factors underlying our outlook, including as to free cash flow, capital expenditures, and tax payments; offshore activity, future innovation; and investment levels and the outlook for offshore energy for 2022, including estimates of future Brent crude prices, offshore and subsea expenditures and investments, contracted floating rig demand, subsea tree awards and installations, and offshore greenfield project FIDs; our focus on generating free cash flow, refocus on growth spending and improving our returns, maintaining financial flexibility, mitigating the effects of inflation and supply chain issues, remaining disciplined in pricing decisions, and the factors underlying our projections; maintaining our focus on safety, execution, and quality; responsiveness to customer needs; growing by leveraging our technologies and capabilities into new markets; customer expansion; attracting and retaining top talent; and increasing our focus on sustainability and energy transition. Although we believe that the expectations reflected in those forward-looking statements are reasonable, we can give no assurance that those expectations will prove to have been correct. Those statements are made by using various underlying assumptions and are subject to numerous risks, contingencies and uncertainties, including, among others: factors affecting the level of activity in the oil and gas industry; supply and demand of drilling rigs; oil and natural gas demand and production growth; oil and natural gas prices; actions by members of OPEC and other oil exporting countries; factors affecting the level of activity in each of our government and entertainment businesses, including decisions on spending and funding by the U.S. Government and capital expenditure decisions by entertainment business customers, such as theme park operators; general economic and business conditions and industry trends, including the ongoing transition to alternative sources of energy to reduce worldwide emissions of carbon dioxide and other greenhouse gases; the continuing effects of the coronavirus (COVID-19) pandemic and the governmental, customer, supplier and other responses to the pandemic; the impact of the Russia-Ukraine crisis and the global response thereto; fluctuations in currency markets worldwide; future global economic conditions; the cancellation, suspension, or loss of major contracts or alliances; future performance under our customer contracts; possible breaches by customers under those contracts; and the effects of competition. Should one or more of these risks or uncertainties materialize or, should the assumptions underlying the forward-looking statements prove incorrect, actual outcomes could vary materially from those indicated. For additional information regarding these and other factors that may affect our actual results, see our periodic filings with the Securities and Exchange Commission, including our most recent Reports on Forms 10-K and 10-Q. You should not place undue reliance on forward-looking statements. This presentation reflects the views of Oceaneering's management as of the date hereof. Except to the extent required by applicable law, Oceaneering undertakes no obligation to update or revise any forward- looking statement. 2 Non-GAAP Information This presentation includes several "non-GAAP" financial measures, as defined under Regulation G of the U.S. Securities Exchange Act of 1934, as amended. Oceaneering reports its financial results in accordance with U.S. generally accepted accounting principles but believes that certain non-GAAP financial measures provide useful supplemental information to investors regarding the underlying business trends and performance of its ongoing operations and are useful for period-over-period comparisons of those operations. The non-GAAP measures in this presentation include Adjusted Operating Income, EBITDA, Adjusted EBITDA, Adjusted Operating EBITDA, and Free Cash Flow. These non-GAAP financial measures should be considered as supplemental to, and not as substitutes for or superior to, the financial measures prepared in accordance with GAAP. The definitions of these non-GAAP financial measures and reconciliations to the most comparable GAAP measures are provided in the section of this presentation titled Supplemental Information. 3 Growing energy transition and non-energy portfolio Increasing focus on eco-friendly enabling opportunities and digitalization Global provider of integrated technology solutions Positioned to benefit from increasing offshore activity Blue-chipcustomer base

Oceaneering International Portfolio Exits

1 Portfolio Exit

Oceaneering International has 1 portfolio exit. Their latest portfolio exit was Oceaneering International - Decommissioning on March 16, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/16/2022

Divestiture

1

Date

3/16/2022

Exit

Divestiture

Companies

Valuation

Acquirer

Sources

1

Oceaneering International Acquisitions

5 Acquisitions

Oceaneering International acquired 5 companies. Their latest acquisition was Ecosse Subsea Systems on March 05, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

3/5/2018

Debt

$99M

Acquired

1

10/17/2016

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$99M

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10

4/2/2015

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$99M

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10

6/18/2014

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$99M

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10

6/2/2014

Other Venture Capital

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$99M

$99M

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10

Date

3/5/2018

10/17/2016

4/2/2015

6/18/2014

6/2/2014

Investment Stage

Debt

Other Venture Capital

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Acquired

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Sources

1

10

10

10

10

Oceaneering International Partners & Customers

10 Partners and customers

Oceaneering International has 10 strategic partners and customers. Oceaneering International recently partnered with BlueBotics on April 4, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

4/20/2022

Vendor

Switzerland

Oceaneering chooses BlueBotics navigation technology 
for new product lines

Dr Nicola Tomatis , CEO of BlueBotics , says : `` We are delighted to partner with Oceaneering International , one of the leading AGV producers in North America and Europe .

1

3/28/2022

Vendor

Switzerland

Oceaneering® CompactMover™ FOL U 1200. Oceaneering Chooses BlueBotics Navigation Technology for New Product Lines

Visit Oceaneering International , Inc. 's Booth B9408 or BlueBotics ' Booth B2009 at MODEX -LRB- March 28-March 31 , 2022 -RRB- to learn more about our technology collaboration .

1

1/21/2022

Partner

Netherlands

Nexstep contracts Oceaneering for first-ever joint well decom campaign

Nexstep contracts Oceaneering for first-ever joint well decom campaign

1

8/11/2021

Client

United States

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10

7/21/2021

Vendor

United Kingdom

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10

Date

4/20/2022

3/28/2022

1/21/2022

8/11/2021

7/21/2021

Type

Vendor

Vendor

Partner

Client

Vendor

Business Partner

Country

Switzerland

Switzerland

Netherlands

United States

United Kingdom

News Snippet

Oceaneering chooses BlueBotics navigation technology 
for new product lines

Dr Nicola Tomatis , CEO of BlueBotics , says : `` We are delighted to partner with Oceaneering International , one of the leading AGV producers in North America and Europe .

Oceaneering® CompactMover™ FOL U 1200. Oceaneering Chooses BlueBotics Navigation Technology for New Product Lines

Visit Oceaneering International , Inc. 's Booth B9408 or BlueBotics ' Booth B2009 at MODEX -LRB- March 28-March 31 , 2022 -RRB- to learn more about our technology collaboration .

Nexstep contracts Oceaneering for first-ever joint well decom campaign

Nexstep contracts Oceaneering for first-ever joint well decom campaign

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Sources

1

1

1

10

10

Oceaneering International Team

3 Team Members

Oceaneering International has 3 team members, including former Senior Vice President, Knut Eriksen.

Name

Work History

Title

Status

Knut Eriksen

Senior Vice President

Former

Åge Landro

Managing Director

Former

Daniel Monroy

Managing Director

Former

Name

Knut Eriksen

Åge Landro

Daniel Monroy

Work History

Title

Senior Vice President

Managing Director

Managing Director

Status

Former

Former

Former

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