Skip to main content Q4 2012 AND FULL YEAR RESULTS – Spectrum Asa Investor Presentation | Shale Experts
Loading...
Pm

Q4 2012 AND FULL YEAR RESULTS – Spectrum Asa

Spectrum Asa · Feb 15, 2013 · 25 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q4 2012 AND FULL YEAR RESULTS – Spectrum Asa – slide 1
    4th Quarter and Full year 2012 Results (Unaudited) February 15th 2013
  2. Q4 2012 AND FULL YEAR RESULTS – Spectrum Asa – slide 2
    Q4 2012 Highlights Best quarter to date with sales to a widespread customer base th Spectrums Brazil campaign on target for the 11 license round st Lebanon MC3D 3100 sq.km. available for 1 Lebanon license round South Africa…
  3. Q4 2012 AND FULL YEAR RESULTS – Spectrum Asa – slide 3
    Q4 2012 Highlights Gross revenue MUSD 55, up 37% from Q4-11 Net revenue MUSD 50.8, up 112% from Q4-11 EBIT of MUSD 21.4, giving a 42.1% margin of net revenue Cash flow from operating activities MUSD 31.9 vs MUSD 9.6 in Q4-11 55…
  4. Q4 2012 AND FULL YEAR RESULTS – Spectrum Asa – slide 4
    Full Year 2012 Highlights Gross revenue MUSD 141, up 74% from 2011 Net revenue MUSD 116.9, up 129% from 2011 Multi Client investment MUSD 78.6 for the full year MUSD Gross Revenue MUSD Net Revenue 150 150 140 140 130 130 120…
  5. Q4 2012 AND FULL YEAR RESULTS – Spectrum Asa – slide 5
    Dividend 2012 The board of directors is proposing a dividend of NOK 0.6 per share for 2012 2012 Normalized operational cash flow 100,00 90,00 4,39 Cash Flow (MUSD) 80,00 70,00 60,00 50,00 94,95 78,56 40,00 30,00 20,00…
  6. Q4 2012 AND FULL YEAR RESULTS – Spectrum Asa – slide 6
    Q4 2012 Income Statement (From continuing operations) Spectrum Group Quarter Quarter 12 Months 12 Months ended ended ended ended (USD 1000) 31.12.12 31.12.11 31.12.12 31.12.11 Total operating revenue 55 005 40 122 141 043 81 245…
  7. Q4 2012 AND FULL YEAR RESULTS – Spectrum Asa – slide 7
    Segment Results Spectrum Group Quarter Quarter 12 Months 12 Months ended ended ended ended (USD 1000) 31.12.12 31.12.11 31.12.12 31.12.11 Net Multi-Client revenue 50 110 22 549 113 515 46 594 Seismic Data Processing 648 1 343 3 365…
  8. Q4 2012 AND FULL YEAR RESULTS – Spectrum Asa – slide 8
    Multi Client NBV & Investments 92,7 100 89,5 78,6 80 60,1 56,6 62,0 60 MUSD 20,5 25,6 42,5 40 20 16,9 23,9 23,2 1,4 5,9 4,4 14,5 0 Q1 11 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 Q3 12 Q4 12 Investment Closing Quarterly NBV
  9. Q4 2012 AND FULL YEAR RESULTS – Spectrum Asa – slide 9
    Multi-Client Seismic - Accounting Principles Matching principles: Match the recognition of cost that generate the revenue with when in time the revenue occurs All the direct costs of the surveys are capitalized as library investments…
  10. Q4 2012 AND FULL YEAR RESULTS – Spectrum Asa – slide 10
    Investment per Vintage Net Book Value (NBV) as % of original investment per financial year vs. allowed Maximum NBV (MUSD) 70 Millions 60 57,5 53,9 96% 50 40 33,7 100% 30 52% 58% 89% 41% 20 15,9 14,7 10 1,1 32%…
  11. Q4 2012 AND FULL YEAR RESULTS – Spectrum Asa – slide 11
    Balance Sheet Key Figures (000s) SPECTRUM GROUP Assets 31.12.12 30.09.12 31.12.11 (USD 1000) (Unaudited) (Unaudited) (Audited) MC Library 89 483 92 668 56 574 Other Intangible Assets 17 045 13 434 14 147 Tangible Assets 4 221 4 183 3…
  12. Q4 2012 AND FULL YEAR RESULTS – Spectrum Asa – slide 12
    Q4 2012 Cash Flow Statement SPECTRUM GROUP Quarter Quarter 12 Months 12 Months Cashflow ended ended ended ended (USD 1000) 31.12.12 31.12.11 31.12.12 31.12.11 Cash flows from operating activities: Profit / (Loss) before tax 21 875 8 916…
  13. Q4 2012 AND FULL YEAR RESULTS – Spectrum Asa – slide 13
    Operational Highlights Extensive coverage in Brazil Northern Equatorial margin ahead th of the 11 license round 38,500 km of newly acquired MC2D data Two 2D surveys and one 3D survey completed in the quarter Pipeline of new…
  14. Q4 2012 AND FULL YEAR RESULTS – Spectrum Asa – slide 14
    Areas of High Interest
  15. Q4 2012 AND FULL YEAR RESULTS – Spectrum Asa – slide 15
    Focus Area Lebanon Phase II completed in Q4 Total of 3100 sqkm in processing Data processing on target, good quality data confirming extent and potential of structures Combined product available March 2013 License round…
  16. Q4 2012 AND FULL YEAR RESULTS – Spectrum Asa – slide 16
    Focus Area SW Africa Expanding the coverage in an area with increased industry focus 16,000 km of new data and 25,000 km of brokered data. Phase I reprocessing of existing MC2D data ongoing Started South Africa Orange Basin in…
  17. Q4 2012 AND FULL YEAR RESULTS – Spectrum Asa – slide 17
    Focus Area Brazil Q4 activities Amazonas infill survey completed Supported by industry 6,300 km (total 21,369 km in Amazonas) Final products available in April Potiguar survey completed Supported by industry 4,139 km Final…
  18. Q4 2012 AND FULL YEAR RESULTS – Spectrum Asa – slide 18
    Brazil 11th License Round Successful campaign: Extensive coverage for the 11th licensing round Strong sales in 2012 Good timing to market
  19. Q4 2012 AND FULL YEAR RESULTS – Spectrum Asa – slide 19
    Other Projects Brazil Santos Campos survey completed Q3 2012 13,650 km in processing stage License round expected Nov 2013 Brazil Pelotas Basin survey started Q1 2013 Supported by industry 6,000 km phase I East Indonesia…
  20. Q4 2012 AND FULL YEAR RESULTS – Spectrum Asa – slide 20
    New Acquisition this week (SPA signed): Carmot Seismic & Processing The acquisition establishes a significant footprint for Spectrum on the Norwegian Continental Shelf adding 3D seismic data cubes covering approximately 125,000 square…
  21. Q4 2012 AND FULL YEAR RESULTS – Spectrum Asa – slide 21
    Carmot Seismic A product that will continue to grow as more data is relinquished and made public Spectrum will following this acquisition offer 3D cubes covering: 60,000 sq. km in the North Sea 50,000 sq. km in Mid-Norway 17,000…
  22. Q4 2012 AND FULL YEAR RESULTS – Spectrum Asa – slide 22
    Example North Sea covers the producing fairway and split in 3 sub cubes
  23. Q4 2012 AND FULL YEAR RESULTS – Spectrum Asa – slide 23
    3D Multi-Merge Example with survey header displayed to mark the joints
  24. Q4 2012 AND FULL YEAR RESULTS – Spectrum Asa – slide 24
    Outlook for 2013 Robust sales pipeline for H1-2013 with upcoming license rounds in Brazil, Gabon and Lebanon 11th license round in Brazil with expected closing in May 2013 Multi Client investment of MUSD 100 -120 Organic…
  25. Q4 2012 AND FULL YEAR RESULTS – Spectrum Asa – slide 25
    Conclusions Best quarter to date for Spectrum Positive Outlook for 2013 with current license round activity Spectrum continues the growth strategy with new MC investments in 2D and 3D seismic

From the store

Browse maps, data & reports in the Shale Experts store