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Investor Presentaiton

Net Income (Loss) Reconciliation to EBITDA (continued) For the 12-Month Period Ended Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 (in millions) Low Estimate High Estimate (in millions) Net Income (Loss) $ 25.9 $ Depreciation & Amortization 121.0 (49.3) 139.7 Income (Loss) before income taxes Depreciation & Amortization $ 150.0 $ 160.0 105.0 115.0 Subtotal $ 146.9 $ 90.4 Subtotal $ 255.0 $ 275.0 Interest Expense/Income, Net 32.5 36.3 Interest Expense/Income, Net 20.0 20.0 Amortization incl'd in Interest, Net 0.1 3.0 Income Tax Expense 53.1 43.6 EBITDA $ 232.6 173.3 Adjusted EBITDA* $ 232.6 210.6 Adjusted EBITDA $ 275.0 $ 295.0 * For reconciliations of EBITDA to Adjusted EBITDA for the periods presented, see the Supplemental schedules that follow. ā“‡ 31 OCEANEERING
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