Oceaneering International (OII) Investor Presentation summary

Company overview and business segments

• Global technology delivery company specializing in robotics, software, and automation for harsh environments, with 70–75% of revenue from energy, 15–20% from aerospace/defense, and 5–10% from other industries.

• Operates through Subsea Robotics, Manufactured Products, Offshore Projects Group, Integrity Management & Digital Solutions, and Aerospace & Defense Technologies.

• Robotics expertise serves offshore oil and gas, renewables, carbon capture, deep-sea mining, industrial automation, and space applications.

• Consistent positive free cash flow in 14 of the last 15 years and active share repurchase program.

Market drivers and targeted growth

• Energy market revenue driven by offshore oilfield life cycle phases, with 51% from development and 42% from production.

• Aerospace and defense growth supported by large U.S. government contracts, including a record Department of Defense award in March 2025.

• Industrial products focus on autonomous mobile robots and people movers for logistics and transportation.

• Strategic acquisitions, such as Global Design Innovation Ltd., enhance digital asset management capabilities.

Financial performance and guidance

• Q2 2025 revenue of $698M, adjusted EBITDA of $103M, and EBITDA margin of 15%, with all segments showing YoY improvements.

• Bookings reached $971M in Q2 2025, with manufactured products backlog at $516M.

• Free cash flow for Q2 2025 was $47M; full-year 2025 FCF forecasted at $110M–$130M.

• Full-year 2025 EBITDA guidance is $390M–$420M, with revenue growth in the mid-single digits and EBITDA margin in the mid-30% range.

• Capital expenditures for 2025 projected at $130M–$140M, including ERP system implementation.