Investor Presentaiton
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Oceaneering Outlook, Q4 2023 Operating Results*
Consolidated Results
Subsea Robotics
Manufactured
Products
Offshore Projects
Group
Integrity Management
and Digital Solutions
Aerospace and
Defense Technologies
Unallocated Expenses
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Q4 2023 Forecast compared to Q3 2023 Actual
EBITDA forecast to decline on relatively flat revenue. Anticipate a seasonal slowdown while still
expecting relatively good activity in our offshore markets.
Slightly lower revenue and relatively flat operating profitability. Anticipate adjusted EBITDA
margin to improve; remaining in the low-30% range. ROV days on hire forecast to decline
slightly and good survey activity expected to continue.
Higher revenue and significantly lower operating profitability with operating income margin in
the low-single digit range. Our Q4 forecast contemplates costs we may incur to improve the
profitability of our Manufactured Products portfolio.
Slightly lower revenue and significantly lower operating profitability due to anticipated shift in
projects mix with lower vessel activity in West Africa driving lower cost absorption in the region,
in addition to the absence of the commercial dispute resolution which benefitted Q2.
Operating income margin is expected to be lower, averaging in the low-teens range.
Lower revenue and operating results.
Slightly lower revenue and lower operating income. Operating income margin to decline due
to slight changes in project mix resulting in operating income margins in the range of low- to
mid-teens.
Low-$40M range.
Consolidated results relate to Consolidated Adjusted EBITDA. Segment Operating Results relate to segment Operating Income.
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OCEANEERING
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