Strategic Rationale for Tidewater's Acquisition of SPO Fleet

Leading Global OSV Operator with Youngest Fleet OSV Vessel Count and Fleet Age Profile H 200 180 174 80 60 40 20 ༅ ཋ ཛྱཱ ཤྲཱ ཎྜ ྨ ༔ 。 160 140 120 100 SASO 149 143 124 109 14 12 18 16 22 10 8 75 15 59 6 51 50 50 47 46 38 38 4 2 0 PF Bourbon Edison Tidewater COSL Tidewater Offshore Chouest Solstad Hornbeck Vroon Offshore Services P&O Swire Maritime Pacific Logistics Offshore Vallianz Offshore Marine Harvey Hai Duong Grupo Gulf Int Offshore Marine CBO ■OSV Count ▲ Average Fleet Age Note: Vessel count reflects only PSVS and AHTSs and reflects TDW vessels booked as AHFS; does not reflect one seismic survey vessel acquired. Source: Spinergie as of March 2022 and Company information. 7 Years tdw.com

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