Investor Presentaiton
Forward-Looking Statements.
In accordance with the Safe Harbor provisions of the Private
Securities Litigation Reform Act of 1995, Oceaneering
cautions that statements in this presentation that express a
belief, expectation, or intention are forward
looking. Forward-looking statements are generally
accompanied by words such as "estimate," "project,"
"predict," "believe," "expect," "anticipate," "could," "should,"
"would," "intend," "opportunity," "target," "plan," "forecast,"
"budget," "goal," or other words that convey the uncertainty
of future events or outcomes.
The forward-looking statements in this presentation include,
among other things, statements about Oceaneering's: full-
year 2023 guidance ranges for net income, consolidated
adjusted EBITDA, free cash flow generation, and capital
expenditures; fourth quarter 2023 sequential directional
guidance for consolidated adjusted EBITDA and revenue,
operating segment revenues, operating results and operating
profitability, and guidance for Unallocated Expenses;
expected full-year 2023 guidance ranges for adjusted EBITDA,
organic capital expenditures, cash income tax payments, and
free cash flow; full-year 2024 sequential activity and operating
performance across each operating segment, led by SSR and
OPG; full-year 2024 EBITDA range anticipated to drive cash
flow from operations; anticipated sequential direction of 2024
organic capital expenditures; expected free cash flow
guidance; anticipated plans to provide more specific guidance
on its expectations for 2024 during the year-end reporting
process; completion of 2024 senior notes transaction; funding
future growth and shareholder return aspirations; and
characterization of market fundamentals, conditions and
dynamics, robotics platforms, offshore energy activity levels,
pricing levels, day rates, average ROV revenue per day on
hire, growth, bidding activity, outlook, performance,
opportunities, results, and financials as increasing, favorable,
positive, encouraging, improving, seasonal, strong,
supportive, robust, meaningful, healthy, or significant (which
is used herein to indicate a change of 20% or greater).
Although we believe that the expectations reflected in those
forward-looking statements are reasonable, we can give no
assurance that those expectations will prove to have been
correct. Those statements are made by using various
underlying assumptions and are subject to numerous risks,
contingencies and uncertainties, including, among others:
actors affecting the level of activity in the oil and gas industry,
including worldwide demand for and prices of oil and natural
gas, oil and natural gas production growth and the supply
and demand of offshore drilling rigs; actions by members of
OPEC and other oil exporting countries; decisions about
offshore developments to be made by oil and gas
exploration, development and production companies; the use
of subsea completions and our ability to capture associated
market share; general economic and business conditions and
industry trends; the strength of the industry segments in
which we are involved; the continuing effects of the COVID-
19 pandemic and variants thereof, and the governmental,
customer, supplier, and other responses thereto; cancellations
of contracts, change orders and other contractual
modifications, force majeure declarations and the exercise of
contractual suspension rights and the resulting adjustments
to our backlog; collections from our customers; our future
financial performance, including as a result of the availability,
terms and deployment of capital; the consequences of
significant changes in currency exchange rates; the volatility
and uncertainties of credit markets; changes in tax laws,
regulations and interpretation by taxing authorities; changes
in, or our ability to comply with, other laws and governmental
regulations, including those relating to the environment; the
continued availability of qualified personnel; our ability to
obtain raw materials and parts on a timely basis and, in some
cases, from limited sources; operating risks normally incident
to offshore exploration, development and production
operations; hurricanes and other adverse weather and sea
conditions; cost and time associated with drydocking of our
vessels; the highly competitive nature of our businesses;
adverse outcomes from legal or regulatory proceedings; the
risks associated with integrating businesses we acquire; rapid
technological changes; and social, political, military and
economic situations in foreign countries where we do
business and the possibilities of civil disturbances, war, other
armed conflicts or terrorist attacks. Should one or more of
these risks or uncertainties materialize or, should the
assumptions underlying the forward-looking statements
prove incorrect, actual outcomes could vary materially from
those indicated.
For additional information regarding these and other factors
that may affect our actual results, see our periodic filings with
the Securities and Exchange Commission, including our most
recent Reports on Forms 10-K and 10-Q.
You should not place undue reliance on forward-looking
statements. This presentation reflects the views of
Oceaneering's management as of the date hereof. Except to
the extent required by applicable law, Oceaneering
undertakes no obligation to update or revise any forward-
looking statement.
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OCEANEERING
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