Investor Presentaiton
Operating Income (Loss) Reconciliation to Adjusted EBITDA and Adjusted Operating EBITDA
Adjusted EBITDA excludes the effects of certain specified items, as set forth in the tables that follow. Adjusted Operating EBITDA is Adjusted EBITDA before
Unallocated Expenses. We believe these are useful measurements for investors to review because they provide consistent measures of the underlying results of
our ongoing business by individual business segment and on a consolidated basis. Furthermore, our management uses these measurements as measures of
performance of our operations. Adjusted EBITDA and Adjusted Operating EBITDA are non-GAAP financial measures. The following tables provide
reconciliations between operating income (loss) (a GAAP financial measure) and Adjusted EBITDA and Adjusted Operating EBITDA (non-GAAP
financial measures) for Oceaneering's historical results on a consolidated basis and by segment for the periods indicated.
12,805
3,067
60,623
11,296
For the 3-Month Period Ended
September 30, 2023
SSR
MP
OPG
IMDS
ADTech
Unallocated
Expenses
and other
Total
($ in thousands)
Operating Income (Loss) as
reported in accordance with GAAP
$ 47,818
$ 8,229
$ 26,745
$ 3,242
$ 14,140
$ (42,245)
$ 57,929
Adjustments for the effects of:
Depreciation and
amortization
909
Other pre-tax
EBITDA
6,931
600
1,284
1,517
25,596
1,517
33,676
4,151
14,740
(39,444)
85,042
Adjustments for the effects of:
Foreign currency (gains) losses
(944)
(944)
Total of adjustments
(944)
(944)
Adjusted EBITDA
$ 60,623
$ 11,296
$ 33,676
$ 4,151
$ 14,740
$ (40,388)
$ 84,098
Revenue
$ 197,343
$ 122,877
$ 150,273
$ 66,056
$ 98,631
$ 635,180
Operating income (loss) % as
reported in accordance with GAAP
24%
7%
18%
5%
14%
9%
EBITDA Margin
31%
9%
22%
6%
15%
13%
Adjusted EBITDA Margin
31%
9%
22%
6%
15%
13%
ā
OCEANEERING
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