Oceaneering Investor & Analyst DayNovember 7 2013November 7, 2013 Houston, TX

M Kevin McEvoyM. Kevin McEvoyPresident and CEOOceaneering International, Inc. 

Safe Harbor Statement

Statements we make 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,” “plan,” “forecast,” “budget ” “goal ” or other words that convey the uncertainly of futurebudget, goal, or other words that convey the uncertainly of future events or outcomes. These forward-looking statements are based on our current information and expectations that involve a number of risks, uncertainties, and assumptions. Among the factors that could cause the actual results to differ materially from those indicated in the forward-looking statements are: industry conditions, prices of crude oil and natural gas, our ability to obtain and the timing of new projects, and changes in competitive factors. Should one or more of these g prisks 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, see our periodic filings with the Securities and Exchange Commission, including our most recent Reports on Forms 10-K and 10-Qincluding our most recent Reports on Forms 10-K and 10-Q.

Earnings Per Share Guidance2013 Estimate $3 35 $3 40; 2014 Estimate $3 90 $4 102013 Estimate $3.35-$3.40; 2014 Estimate $3.90-$4.10

$4.00

$4.50Actual Low Estimate High Estimate

$2.50

$3.00

$3.50

per Share

$1 00

$1.50

$2.00

Earnings p

$0.00

$0.50

$1.00

2008 2009 2010 2011 2012E 2013E 2014E

OII 2013 and 2014 Guidance Ranges as of October 28, 2013

EPS Guidance Oilfi ld B i S t O tl kOilfield Business Segment Outlook

SEGMENT OPERATING INCOMESEGMENT OPERATING INCOME

2013 20142013 2014

ROV > 2012 >2013

Subsea Products > 2012 >2013

Subsea Projects > 2012 >2013Subsea Projects > 2012 >2013

Asset Integrity > 2012 >2013

Subsea Products

U bili lUmbilicals

Tooling &Tooling & Subsea Work Systems

Installation andWorkover Control

S tSystems

Subsea Hardware

Tooling Uses

Fl id T f• Fluid Transfer– Hydraulic– Chemicals

• PumpingPumping• Mechanical Assembly / Disassembly• Valve Operations• Cuttingg• Lifting• Measuring• Cleaning• Inspection

– Radiographic– Ultrasonic

Tooling Business ModelTh C t iThree Categories

Drilling Construction ProductionLife‐of Field IMR

5-Year Oceaneering OutlookGl b l D d G thGlobal Demand Growth

• Deepwater Drilling

• Field Development

• Inspection, Maintenance, and Repair (IMR)

Floating Rig Demand5 Y A5-Year Averages

Up 95

350

400

ng Rigs

330

Up 9540% Growth

250

300

cted

 Floatin

235

150

200

nd Con

trac

175

100

150

Year‐E

Source: IHS-Petrodata and OII Estimates at September 30, 2013

Subsea Hardware Capex Forecast

$125

$150$ in billions

$124

$75

$100

$

$62

$25

$50

$75

$0

$25

2008‐2012 2013‐2017

Source: Douglas-Westwood April 2013

Subsea Tree Orders5 Y A

Up 230

5-Year Averages

600

700 600

≈ 60% Growth

390

400

500370

200

300

100

200

Source: Quest Offshore Resources – Mean Case Forecast, August 2013

Subsea Tree Installations5 Y A5-Year Averages

600

700 Up 140≈ 45% Growth

400

500 440

200

300

300 300

100

200

Source: Quest Offshore Resources – Mean Case Forecast, August 2013

Subsea Completions In Service vs Subsea Products Operating Income (SSP Op Inc)

SS Completions SSP Op Inc

vs. Subsea Products Operating Income (SSP Op Inc)

$200

$250

4000

5000

rvice

SS Completions SSP Op Inc$ in millions

$150

$200

3000

4000 Annual SSPtion

s In Ser

$50

$100

1000

2000

P Op Inc

ea Com

plet

$00Subse

Source: Quest Offshore Resources & OII SEC Filings

Subsea Completions In Service F t t Hi t i ll Hi h L l

Up 1370≈ 35% Growth

Forecast at Historically High Levels

5000

6000≈ 35% Growth

3000

4000

1000

2000

0

Source: Quest Offshore Resources – Mean Case Forecast, August 2013

Tooling Business ModelTh C t iThree Categories

C t R l ti P fit C t ib tiDrilling Construction Production 

Life‐of‐Field IMR

Current Relative Profit Contribution

Life of Field IMR

Good Better Best

Tooling Business ModelS ll R t d S iSell, Rent, and Service

Drilling Construction ProductiongLife‐of‐Field IMR

Sell √ √ √Sell √ √ √

Service/Rental √ √ √

Tooling Business ModelS ll R t d S iSell, Rent, and Service

C t R l ti P fit C t ib tiDrilling Construction Production

Life‐of‐Field IMR

Current Relative Profit Contribution

Life of Field IMR

Sell Good Good Better

Service/Rental Better Best Best

Tooling Business ModelS ll R t d S iSell, Rent, and Service

R l ti 5 Y G th O t itiDrilling Construction Production

Life‐of‐Field IMR

Relative 5-Year Growth Opportunities

Life of Field IMR

Sell Good Better Better

Service/Rental Good Best Best

Tooling Business ModelTh C t iThree Categories

2017 R l ti P fit C t ib ti2017 Relative Profit ContributionDrilling Construction Production

Life‐of‐Field IMRLife of Field IMR

Good Better Best

5-Year Deepwater OutlookWh t T E t Al Th WWhat To Expect Along The Way

• Some Project Approvals May Continue Moving to the Rightg

• Approved Projects• Cost Overruns

• Production Start-Up Delays

• Technical Challenges

• Sheer Volume of Projects Will Still Drive Growthj

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