M. Kevin McEvoy. CREDIT SUISSE 2013 Energy Summit February 5, 2013 Vail, CO. Oceaneering International, Inc. Safe Harbor Statement

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What was the most Excellent at Least $ 590 MM of?
What is the job of a ROV?
How much did the Subsea Product Revenue cost to Subsea?

1 CREDIT SUISSE 2013 Energy Summit February 5, 2013 Vail, CO M. Kevin McEvoy President and CEO Oceaneering 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 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 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, g g, see our periodic filings with the Securities and Exchange Commission, including our most recent Reports on Forms 10-K and 10-Q.

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

2 WHY OII? Leveraged to Deepwater and Subsea Completions Secular Growth Leading Market Positions ROVs and Specialty Subsea Products Good Project Execution Excellent Earnings, Liquidity and Cash Flow

3 Leveraged to Deepwater Projects Take Years to Develop Largely Oil Reservoirs With High Production Flow Rates Well Capitalized Customer Base Investment Based on Long-Term Commodity Price

4 Long-Term Deepwater Outlook Largest Source of Future Supply Growth Exploration Success Bodes Well for the Future Drilling Intensity is Rising Source: ExxonMobil, Wood Mackenzie and Deutsche Bank

Well for the Future Drilling Intensity is Rising

5 Earnings Per Share Guidance 2012 Estimate $ $2 $2.65; 2013 Estimate $ $3 $3.25 $3.50 Actual Low Estimate High Estimate $3.00 Earnin ngs per Sha are $2.50 $2.00 $1.50 $1.00 $0.50 $ E 2013E OII 2012 and 2013 Guidance Range as of October 29, 2012

6 Combined EPS OSX Companies Excluding OII $75 Actual Consensus Estimate Earnin ngs per Sha are $60 $45 $30 $15 $ E 2013E Based on First Call Actuals and Mean Estimates as of December 31, 2012

$15 $0 2008 2009 2010 2011 2012E 2013E Based on First

7 Relative EPS Performance To Recent 2008 OSX Peak 100% OII OSX w/o OII 75% 50% 25% 0% -25% -50% E 2013E Based on First Call Actuals and Mean Estimates as of December 31, 2012

2008 2009 2010 2011 2012E 2013E Based on First

8 EPS Guidance The Big Picture SEGMENT OPERATING INCOME ROV > 2011 >2012 Subsea Products > 2011 >2012 Subsea Projects > 2011 >2012 Asset Integrity > 2011 >2012 Advanced Tech > 2011 >2012

9 Excellent Cash Flow & Liquidity At Least $590 MM of EBITDA Expected in 2012 $489 MM in 2011 At Least $670 MM of EBITDA Expected in 2013 Ample Resources to Invest in Growth At September 30, 2012: $104 MM Cash $120 MM Debt $1.7 B Equity EBITDA Reconciliation to Net Income is in Supplemental Financial Information Slides

Invest in Growth At September 30, 2012: $104 MM Cash $120 MM Debt $1.

10 Plans For Cash Investments Organic Growth Acquisitions Regular Quarterly Dividend Share Repurchases

11 Acquisition Targets Within Our Market Niches Expand Subsea Products International Focus Reasonably Priced

12 Remotely Operated Vehicles Revenue by Business Segment 31% YTD September 2012

13 Floating Rig Demand Contracted Floating Rigs *Source: IHS-Petrodata at December 31, 2012

14 OII ROV Fleet Size Vehicle Count at Period End 0 *December 31, 2012

15 High-Spec, Non-PBR Brazil Rig Fleet 99 Existing Rigs OII ROV Contracts on 74% 64 Rigs On Order Visibility of 65% High-Spec Rig Fleet Growth OII Expects to Continue as Dominant ROV Provider OII ROV Contracts on 13 of 17 Awards 47 Remaining ROV Contract Opportunities Source: IHS-Petrodata Data & OII Estimates, December 31, 2012

Continue as Dominant ROV Provider OII ROV Contracts on 13 of 17 Awards 47

16 Outlook for ROV Demand on Vessels 3.5 3:1 ating Rig Global RO OVs per Flo :1 If the recent trend ratio of 3 ROVs per rig persists, future ROV demand to support vessel-based activities may grow by more than 180 vehicles. 0.0 Year End Source: Oceaneering Estimates and IHS-Petrodata

5 2:1 If the recent trend ratio of 3 ROVs per rig persists, future ROV

17 ROV Pricing and Fleet Utilization $11,000 Revenue / Day on Hire Fleet Utilization 100% $9,000 90% $7,000 80% $5,000 70% $3,000 60% $1,000 * 50% * YTD September 2012

18 2013 ROV Overview Increase in Days On Hire Higher Demand to Support Drilling and Vessel Projects Fleet Expansion Expect to Add 30 to 35 New Systems

19 Operating Income ROV 2012 Estimate > 2011; 2013 Estimate > 2012 in millions Actual Estimate $250 $200 $150 $100 $50 $ E 2013E OII 2012 and 2013 Guidance as of October 29, 2012

$200 $150 $100 $50 $0 2008 2009 2010 2011 2012E

20 Subsea Tree Orders Forecast at Historically High Levels 1,000 ers Tree Ord % Growth* '07 '08 '09 '10 '11 '12F '13F '14F '15F '16F * vs Source: Quest Offshore Resources Mean Case Forecast, November 2012

'10 '11 '12F '13F '14F '15F '16F * 2012-2016 vs.

21 Subsea Tree Orders Excluding Brazil Forecast at Historically High Levels % Growth* ers Tree Ord '07 '08 '09 '10 '11 '12F '13F '14F '15F '16F * vs Source: Quest Offshore Resources Mean Case Forecast, November 2012

22 Record Offshore Construction Backlog Saipem, Technip, and Subsea 7 25 (in billio ons) Source: Morgan Stanley and Company Filings

23 Subsea Products Revenue by Business Segment 29% Umbilicals & Field Development Hardware ROV Tooling & Work Packages Installation and Workover Control Systems YTD September 2012

24 Subsea Products Required for Every Subsea Completion Product Line Categories Umbilicals Tooling Installation & Workover Control Systems (IWOCS) Subsea Hardware Field Development Connectors & Valves BOP Controls Highly Engineered Worldwide Coverage

25 Subsea Products Backlog At Period End in millions $700 $600 $619 $500 $400 $300 $200 $100 $ * * September 2012

26 Operating Income Products 2012 Estimate > 2011; 2013 Estimate > 2012 in millions Actual Estimate $160 $120 $80 $40 $ E 2013E OII 2012 and 2013 Guidance as of October 29, 2012

27 OII Summary Diversified OFS Company Leading Market Positions in Technical Niches Leveraged to Deepwater and Subsea Completions Excellent Earnings, Liquidity and Cash Flow

29 Supplemental Financial Information

30 EBITDA in millions Actual Low Estimate High Estimate $800 $700 $600 $500 $400 $300 $200 $100 $ E* 2013E* * $590MM-$600MM; $600MM; $670MM-$725MM$725MM Based on OII 2012 and 2013 EPS Guidance as of October 29, See Next Slide For Non-GAAP Reconciliation to Net Income

31 EBITDA Reconciliation to Net Income Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-gaap financial measurement. Oceaneering s management uses EBITDA because we believe that this measurement is a widely accepted financial indicator used by investors and analysts to analyze and compare companies on the basis of operating performance, and that this measurement may be used by some investors and others to make informed investment decisions. You should not consider EBITDA in isolation from or as a substitute for net income or cash flow measures prepared in accordance with generally accepted accounting principles or as a measure of profitability or liquidity. EBITDA calculations by one company may not be comparable to EBITDA calculations made by another company. The following table provides a reconciliation between net income (a GAAP financial measure) and EBITDA (a non-gaap financial measure) for Oceaneering s historical and projected results on a consolidated basis for the periods indicated: Period Ended December 31, E 2012E 2013E 2013E (in millions of $) LOW HIGH LOW HIGH Net Income Depreciation & Amortization Subtotal Interest Expense/Income, Net Income Tax Expense EBITDA

32 OII Balance Sheet (in millions) Dec 31, Dec 31, Dec 31, Dec 31, Dec 31, Sept 30, Equity $915 $968 $1,224 $1,390 $1,558 $1,734 Debt Cash Debt/Cap 18% 19% 9% 0% 7% 6%

33 Business Segment Revenue % of Oilfield 90% ROV - 35% Products - 32% Asset Integrity - 18% Projects - 15% Oilfield Non-Oilfield YTD September 2012

34 Business Segment Operating Income % of Oilfield 96% ROV - 49% Products - 31% Asset Integrity - 10% Projects - 10% Oilfield Non-Oilfield YTD September 2012

35 Supplemental Market Information

36 Oilfield ROV Fleet Ownership Profile - December % OII 289 OII Subsea 7 Sonsub Fugro Canyon Other 803 Vehicles Source: OII Estimates

37 OII ROV Fleet Geographic Profile - December GOM Africa Norway Brazil Asia/Pac Other 289 Vehicles

38 Oilfield ROV Drill Support Market December 2012 OII Subsea 7 56% Fugro Sonsub Other 271 Floating Rigs Contracted Source: IHS-Petrodata and OII Estimates

39 OII ROVs on Vessels Locations GOM Africa Norway Other Vehicles December 2012

40 OII ROVs on Vessels Customers 22 Operators Contractors Vehicles December 2012

41 Worldwide Subsea Completions This Decade Expected to Grow 35% Subsea Co ompletions Number of Completed Estimated s 00s 10s Source: Quest Offshore Resources November 2012

42 Umbilical Products Thermoplastic Hose Umbilicals Steel Tube Umbilicals

43 OIE Products ROV Tooling & Work Packages Production Control Valves Installation Workover & Control Systems Connectors & Repair Systems Field Development Hardware

Oceaneering Reports First Quarter 2016 Results

PRESS RELEASE Oceaneering Reports First Quarter 2016 Results April 25, 2016 Houston, Texas Oceaneering International, Inc. ( Oceaneering or the Company ) (NYSE:OII) today reported net income of $25.1 million,

M. Kevin McEvoy. CREDIT SUISSE 2013 Energy Summit February 5, 2013 Vail, CO. Oceaneering International, Inc. Safe Harbor Statement

What was the most Excellent at Least $ 590 MM of?

What is the job of a ROV?

How much did the Subsea Product Revenue cost to Subsea?