FIRST QUARTER 2015 RESULTS. Oslo, 7 May 2015, CFO Svein Knudsen
Overview rst quarter 2015 Experience progress, but delays in contract nego0a0ons Revenues and revenues/costs per vessel month (USD Million) Norwegian mul0-client library con0nue to perform well 60 7 50 6 23rd licensing round in…
Capital Structure Balance sheet as at 31.03.15 (USD million) Cash at USD 38.9 million, up from USD 26.6 million 250 end of previous quarter - Trade receivables decreased by USD 27.1 million 200 USD 47.9 million to USD 38.5 million…
First quarter opera0onal overview BOA Galatea AtlanHc Guardian MC in US Gulf of Mexico MC in Barents Sea, Norway BOA Thalassa EM Leader MC in Asia Contract in Uruguay for BG Group
Mul0-client an important part of EMGS business model A proven business model Mul0-client revenues amounted to 31% of 2014 revenues Increased share of revenue 31% Access to seismic data important Crea0ng regional and strategic…
Diversied porkolio with dierent characteris0cs EMGS mul0-client project porkolio Return…
Protable mul0-client investments Mul0client Key Figures by Vintage Mul0client Key Figures by Region 80 80 180 160 70 70 160 140 140 60 60 120 120 Amounts in USD'(millions) Amounts in USD'(millions) 50 50 100…
North and South America region Uruguay Contract with BG Group completed 17 April Total revenue of USD 28 million US Gulf of Mexico Daybreak US GoM Radiant US GoM Lightning Bolt US GoM Mexico Working on both contract and…
North and South America region examples from Brazil Data set from Brazil indicates that EM is a good indicator for predic0ng outcome of wells 1900 sq.km 3D EM in Sergipe Alagoas basin 18 well loca0ons within EM sensi0vity window…
EMEA and Asia Norway 7324/7-2 7324/7-1 7324/8-1 Barents Sea/ completed MC campaign New campaign/ APA related Deadline for applica0ons 2 September 23rd licensing round main driver for sales revenue in Norway in 2015 Expect…
Market update Order book (USD million) Contract opportuniHes 140 Expect to keep one vessel in Asia in 2015 Opening up of Mexican shelf expected to increase ac0vity 120 Focus on na0onal oil companies (NOCs), oen invest 100…
Summary and outlook Demand for geophysical data has declined in the rst quarter and outlook remains uncertain Delays in contract nego0a0ons, used opportunity to invest in well posi0oned mul0-client projects Target spesic…
Ques0ons
Appendix
Income statement USD million Quarter ending Year ending 31.03.2015 31.03.2014 31.12.2014 31.12.2013 Contract sales 22.1 46.4 137.2 111.3 Mul0-client sales 10.2 14.9 60.8 33.3 Total revenues 32.3 61.3 198.0 144.6 Charter hire,…
Financial posi0on USD million Period ending ASSETS 31.03.2015 31.03.2014 Goodwill 14.4 14.4 Deferred tax asset 3.0 1.9 Mul0-client library 40.1 28.0 Other intangible assets 3.0 2.9 Property, plant and equipment 16.8 24.3 Assets…
Cash ow USD million Period ending 31.03.2015 31.03.2014 Net cash ow from operaHng acHviHes 28.1 (0.7) Net cash ow from invesHng acHviHes (14.6) (9.7) Net cash ow from nancial acHviHes (0.5) 2.2 Net increase/(decrease) in…
Largest shareholders (as of 6 May) Shareholder Shares Holding 1 SIEM INVESTMENTS INC 22,926,866 11.48 2 PERESTROIKA AS 18,889,449 9.46 3 Morgan Stanley & Co. MS & CO LLC MSCO CLI 18,582,500 9.30 4 ODIN OFFSHORE 9,651,299…
Vessel charters and yard stays BOA Thalassa BOA Galatea Atlan0c Guardian EM Leader Firm Charter December 2015 July 2016 1 March 2016 8 December 2016 Op0ons 1 x 1 year 3 x 1 year 2 x 1 year Vessel owner BOA Oshore BOA…
Electromagne0cs in the E&P workow Gravity/ Magne0cs Detailed 2D seismic 3D seismic Produc0on data Regional 2D seismic Lease Sale Borehole data 4D seismic Basin Fron0er Explora0on Development Produc0on Abandonment Evalua0on…
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