#1#2#3Why Oceaneering? ▪ Global provider of diversified services and products in all phases of the offshore oilfield life cycle Strong market positions ▪ Solid balance sheet and cash flow ▪ Return of capital to our shareholders Leveraged to deepwater - longer term, deepwater is still critical to reserve replenishment 3 OCEANEERING#4#5In All Phases of the Offshore Oilfield Life Cycle PHASE PRODUCTION DECOMMISSIONING 5 % Oll Revenue #1 Market Driver Business Segment Product and Service Revenue Streams EXPLORATION 10% # of Operating Floating Drilling Rigs ROV Survey (SP) Tooling (SSP) ● ● ROV Survey (SP) • Tooling (SSP) • IWOCS - Installation & Workover Control Systems (SSP) Subsea Hardware (SSP) • Umbilicals (SSP) • Vessel-based Installation Services (SP) Inspection Services (Al) ● DEVELOPMENT ROV Remotely Operated Vehicles 50% # of Subsea Tree Installations SSP = Subsea Products ● 35% # of Subsea Trees In Service ROV Tooling (SSP) IWOCS (SSP) Subsea Hardware (SSP) Vessel-based Inspection, Maintenance & Repair Services (SP) • Inspection Services (Al) SP= Subsea Projects ● ● 5% # of Field Abandonments ROV Tooling (SSP) IWOCS (SSP) Al Asset Integrity OCEANEERING#6Largest Exposure is in Field Development Oilfield Revenue Mix 35% 6 Source: Oll Estimates: 2015 5% 10% 50% Exploration Development Production Decommissioning OCEANEERING#7Revenue by Business Segment * 7 14% 16% 2014 7% 34% $3.7 Billion 29% ROV Subsea Products Nine Months Ended September 30, 2016 12% 20% 2015 10% 27% 31% $3.1 Billion First 9 Months 2016* 12% 21% Subsea Projects Asset Integrity 13% $1.8 Billion. 23% 31% Advanced Technologies OCEANEERING#8#9Oceaneering ROV Fleet Size - 279 ROVS as of September 30, 2016 Vehicle Count at Period End 9 350 300 250 200 2008 2009 2010 2011 2012 2013 2014 2015 * Retired 39 ROVS in the third quarter of 2016. 279 2016 2016 2016 Q1 Q2 Q3* OCEANEERING#10#11#12Oceaneering ROV Pricing and Fleet Utilization. 52% Fleet Utilization as of September 30, 2016 * Revenue / Day on Hire 12 $11,000 $10,000 $9,000 $8,000 $7,000 $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 $0 YTD September 2016 Revenue / Day on Hire -Fleet Utilization 2008 2009 2010 2011 2012 2013 2014 2015 2016* 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Fleet Utilization OCEANEERING#13Subsea Products 13 L LIAN U Manufactured Products Production Control Umbilicals Supply electric and hydraulic power to subsea trees and inject chemicals into reservoirs and well streams. Specialty Subsea Hardware Field development hardware used to connect production trees to umbilicals and flow lines. Also includes connectors and valves. Service and Rental Tooling & Subsea Work Systems Support drilling, construction, field maintenance, and plugging and abandonment activities. Installation and Workover Control Systems (IWOCS) Support drilling, construction, field maintenance, and plugging and abandonment activities. 31% Revenue Contribution First Nine Months, 2016 OCEANEERING#14Subsea Hardware Capex Forecast Backlog at September 30, 2016, in $ millions Subsea Capex, Quest August 2016 Oll SS Products Backlog 14 $1,000 $800 $600 $400 $200 $0 2011 2012 2013 2014 SS Products Backlog 2015 2016* 2017F 2018F 2019F 2020F * At September 30, 2016 Source: Quest Offshore, August 2016; Capex: hardware costs for subsea trees/control systems, manifolds, and production umbilicals $9,000 $7,200 $5,400 $3,600 $1,800 $0 Subsea Hardware Capex OCEANEERING#15#16Subsea Projects 16 T TOSCANER OCEANERING 10 Consist of Project Management, Survey, Subsea Installation and IMR Services 21% Revenue Contribution First Nine Months, 2016 OCEANEERING#17Subsea Projects Overview Assets Available for this Market ■ ■ Deepwater Multi-Purpose Supply Vessels 3 Owned 17 Ocean Intervention Ocean Intervention II Ocean Evolution (available late 2Q 2017) 4 Chartered with Term. Normand Flower Ocean Alliance Ocean Intervention III Island Pride Diving Support Vessels Survey/AUV Services ▪ Global Data Solutions Spot or Contract Spot Spot N/A Spot Contract, Shell Contract, BP Contract Location GOM GOM GOM GOM W. Africa India Charter End N/A N/A N/A Dec '16 Mar '18 Apr '17 Nov '17 OCEANEERING#18#19#20#21#22#23#24#25#26#27#28#29#30