UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-10945 OCEANEERING INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporati ...

Financial Data and Key Metrics Changes - For Q3 2021, consolidated EBITDA was $50.3 million, a decrease from Q2 2021 but within the guidance range [9] - Cash flow from operations was $36.5 million, and free cash flow was $24 million [10] - The cash balance at the end of Q3 2021 was $448 million, slightly down due to repurchases of senior notes [10][27] - The company initiated 2022 EBITDA guidance in the range of $225 million to $275 million, representing a 16% increase from the 2021 adjusted EBITDA midpoint of $215 million [7] Business Segment Performance Changes - Subsea Robotics (SSR) revenue increased slightly, but operating income declined due to lower margins in ROV services [12] - Manufactured Products revenue was $75.4 million, with a backlog of $334 million, improving from $315 million in Q2 2021 [14] - Offshore Projects Group (OPG) revenue declined by 11%, but operating income margin improved from 7% to 8% [15] - Aerospace and Defense Technologies (ADTech) operating income declined by 15%, with an operating income margin of 16% [17] Market Data and Key Metrics Changes - The Gulf of Mexico operations were impacted by Hurricane Ida, affecting overall activity levels [11] - The company maintained a 58% drill support market share with ROV contracts on 77 of the 133 floating rigs [13] - The book-to-bill ratio was 1.3 for the first nine months of 2021, indicating a healthy order intake [14] Company Strategy and Industry Competition - The company is focusing on growth in energy transition markets, including offshore wind, while maintaining a balanced approach to capital allocation [28][36] - There is an emphasis on reducing carbon footprints in oil and gas operations, with investments in autonomous vehicles and new technologies [36] - The company expects to generate positive free cash flow similar to 2021 levels while addressing its 2024 debt maturity [30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of the energy services industry and anticipated growth in offshore oil and gas markets [28] - The company expects improved operating performance across segments in 2022, particularly in Subsea Robotics and offshore projects [29] - Management highlighted the importance of addressing inflation and supply chain issues while attracting and retaining talent [30] Other Important Information - Unallocated expenses for Q4 2021 are expected to be in the mid-$30 million range due to increased IT spending [25] - The company is narrowing its adjusted EBITDA guidance for the full year 2021 to a range of $210 million to $220 million [30] Q&A Session Summary Question: What is the outlook for OPG in 2022? - Management noted that improved contracting activity and customer signals are framing the outlook for OPG [33] Question: Where are the best opportunities for growth capital allocation? - Management indicated that 90% of new product development is targeted at non-oil and gas markets, with a focus on carbon reduction technologies [36] Question: What are the promising offshore deepwater basins for growth? - Management highlighted South America, particularly Brazil and Guyana, as strong growth areas, along with sustained activity in Norway and West Africa [40] Question: What is the company's approach to returning cash via dividends or buybacks? - Management stated that while growth opportunities are prioritized, they remain open to discussing dividends or buybacks in the future [42] Question: How is the company managing staffing challenges for ROVs? - Management confirmed that they have been effective in rehiring technicians and leveraging their global footprint to address staffing needs [45]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-10945 OCEANEERING INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) Delaware 95-2628227 (State or other jurisdiction ...

Oceaneering International, Inc. (NYSE:OII) Q2 2021 Earnings Conference Call July 29, 2021 11:00 AM ET Company Participants Mark Peterson - Vice President, Corporate Development & Investor Relations Rod Larson - President & Chief Executive Officer Alan Curtis - Senior Vice President & Chief Financial Officer Conference Call Participants Ian Macpherson - Simmons Mike Sabella - Bank of America Taylor Zurcher - Pickering and Holt Operator Good morning. My name is Julie and I will be your conference operator. I ...

| --- | --- | --- | --- | |---------------|-------|-------|-------| | | | | | | ® OCEANEERING | | | | 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," "plan," "fore ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-10945 ____________________________________________ OCEANEERING INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) (S ...

Oceaneering International, Inc. (NYSE:OII) Q1 2021 Earnings Conference Call April 29, 2021 11:00 AM ET Company Participants Mark Peterson - Vice President-Corporate Development and Investor Relations Rod Larson - President and Chief Executive Officer Alan Curtis - Senior Vice President and Chief Financial Officer Conference Call Participants Mike Sabella - Bank of America Ian Macpherson - Simmons Taylor Zurcher - Pickering and Holt Blake Gendron - Wolfe Research Samantha Hoh - Evercore ISI David Smith - Hei ...

UNITED STATES Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-10945 ____________________________________________ OCEANEERING INTERNATIONAL, INC. SECURITIES AND EXCHANGE COMMISSION (I.R.S. Employer Identification No.) (713) 329-4500 (Registran ...

Financial Data and Key Metrics Changes - For Q4 2020, the company reported a net loss of $25 million or $0.25 per share on revenue of $424 million, with adjusted net income of $1.8 million or $0.02 per share [8][20] - The cash balance increased by $78 million from $374 million at December 31, 2019, to $452 million at December 31, 2020 [6][23] - Consolidated adjusted EBITDA for Q4 2020 was $47.1 million, higher than the third quarter and exceeding guidance and consensus estimates [9][10] - For the full year 2020, the company reported a net loss of $497 million or $5.01 per share on revenue of $1.8 billion, with an adjusted net loss of $26.5 million or $0.27 per share [20][22] Business Segment Data and Key Metrics Changes - Subsea Robotics (SSR) adjusted operating income improved sequentially despite lower revenue, with an adjusted EBITDA margin of 33% in Q4 2020 [11][12] - Manufactured Products segment saw an adjusted operating income margin increase to 9% in Q4 2020 from 5% in Q3 2020, despite lower revenue due to supplier delays [15] - Offshore Projects Group (OPG) adjusted operating income improved sequentially due to better pricing and activity in the Gulf of Mexico [16][44] - Integrity Management and Digital Solutions (IMDS) segment reported higher adjusted operating income driven by effective personnel use [17] - Aerospace and Defense Technologies (ADTech) segment saw improved adjusted operating income from higher revenue [18] Market Data and Key Metrics Changes - Analysts forecast Brent pricing to stabilize in the $55 to $60 per barrel range for 2021, supporting reasonable levels of IMR activity [33] - The floating rig count is expected to remain close to year-end 2020 levels of approximately 130 contracted rigs [34] - Sanctioning levels for offshore projects are projected to increase in 2021 to around $55 billion [34] Company Strategy and Development Direction - The company aims to generate positive free cash flow in 2021, with a consolidated adjusted EBITDA range of $160 million to $210 million [7][35] - Focus on energy transition strategies, including investments in clean energy technologies and partnerships for new projects [30][32] - The company is committed to maintaining capital discipline and reducing capital expenditures to between $50 million and $70 million in 2021 [39] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate challenges posed by the COVID-19 pandemic and the oil price collapse, highlighting improved operational results [6][24] - The company anticipates that 2021 will see a recovery in project sanctioning and increased activity levels in the energy sector [33][35] - Management noted that the company is well-positioned to handle its $500 million bond maturity in November 2024 [38] Other Important Information - The company achieved a record low total recordable incident rate (TRIR) of 0.3% for 2020, reflecting a strong commitment to safety [28] - The company implemented cost and process improvement programs targeting $125 million to $160 million in cost reductions [24][25] Q&A Session Summary Question: Details on manufacturing products and awards in 2021 - Management indicated that major projects will run throughout the year, and some incoming orders are expected in the first half of 2021 [53][54] Question: Comparison of new energy markets to traditional markets - Management noted improvements in establishing value and technology in new energy markets, leading to better relationships and opportunities [55][57] Question: Confidence in 2021 EBITDA guidance - Management expressed confidence in reaching the midpoint of the EBITDA guidance, driven by stable commodity prices and increased IMR activity [62][63] Question: Outlook for manufactured products segment - Management suggested that 2020 was likely a low point for the manufactured products segment, with expectations for improvement in 2021 [65][66] Question: Insights on Gulf of Mexico operations - Management highlighted that maintenance work could increase if new development slows, providing opportunities for IMR services [72][73] Question: Energy transition opportunities - Management emphasized the importance of focusing on energy transition markets, including subsea mining and hydrogen production [81][82]

| --- | --- | --- | --- | --- | --- | |-----------------------|-------|-------|-------|-------|-------| | | | | | | | | Investor Presentation | | | | | | | January 2021 | | | | | | | | | | | | | Forward-Looking Statements 2 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 w ...