ION Earnings Call Q1 2015 Earnings Call Presentation May 7, 2015
Corporate Participants and Contact Information BRIAN HANSON STEVE BATE President and Executive Vice President Chief Executive Officer and Chief Financial Officer CONTACT INFORMATION If you have technical problems during the…
ION Q1 15 Overview Q1 exceptionally weak impacted by downturn in exploration spending Managing business conservatively; focus on cash preservation and cost control Further restructuring of our Data Processing and Systems businesses…
ION Q1 15 Financial Overview Highlights Revenue M Op. Profit M Revenues down 72% Y/Y 150 25 20 Solutions down 79% 100 0 Software down 12% 50 -25 (47) Systems down 49% - -50 Q1 14 Q1 15 Q1 14 Q1 15 No revenues contributed by…
ION Q1 15 Financial Overview Cash Flow SUMMARIZED CASH FLOW Thousands Q1 2014 Q1 2015 Cash from operations 34,703 (42,234) Working capital 27,979 35,528 Multi-client investment (22,353) (9,088) PP&E Capital Expenditures (1,997)…
Summary Expect increase in exploration spending in 2H 15, albeit at lower than historic levels Preparing for the eventual upturn Focus on cash preservation Strategic restructuring of underperforming parts of the business Focus on…
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