Skip to main content Q1 2014 EARNINGS CALL – Spectrum Asa Investor Presentation | Shale Experts
Loading...
Pm

Q1 2014 EARNINGS CALL – Spectrum Asa

Spectrum Asa · Apr 30, 2014 · 21 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. Q1 2014 EARNINGS CALL – Spectrum Asa – slide 1
    1st Quarter 2014 Results Unaudited April 30th 2014
  2. Q1 2014 EARNINGS CALL – Spectrum Asa – slide 2
    Q1 2014 Highlights MC3D project in Brazil about 40% complete to date License round in Croatia launched 2 April with 29 oil companies participating in the opening Prefunding and vessel capacity secured for Barents Sea campaign…
  3. Q1 2014 EARNINGS CALL – Spectrum Asa – slide 3
    Q1 2014 Financial Highlights Q1 Gross revenues MUSD 52, down 20% from Q1-13 Q1 Net revenues MUSD 38, down 37% from Q1-13 Operational cash flow MUSD 33, up 105% from Q1-13 Q1 MC investment MUSD 17.7, down 10% from Q1-13 MUSD…
  4. Q1 2014 EARNINGS CALL – Spectrum Asa – slide 4
    Q1 2014 Multi-Client Revenue per Region Q1 Gross revenue MUSD 52 Q1 Net revenue MUSD 38 1 1 North and South North and South 14 America 13 America 17 26 Africa Africa EME EME Asia and Pacific Asia and Pacific 11 7
  5. Q1 2014 EARNINGS CALL – Spectrum Asa – slide 5
    Financials
  6. Q1 2014 EARNINGS CALL – Spectrum Asa – slide 6
    Q1 2014 Income Statement Spectrum Group Quarter Quarter ended ended (USD 1000) 31.03.14 31.03.13 Change in % Total operating revenue 52,270 65,316 -20% Revenue share (14,269) (5,245) Net revenue 38,001 60,071 -37% Amortisation of…
  7. Q1 2014 EARNINGS CALL – Spectrum Asa – slide 7
    Multi-Client NBV & Investments Q1 2014 Multi-Client investments added was MUSD 17.7 150 108.0 115.7 112.4 92.7 110.6 100 78.6 87.1 86.3 60.1 56.6 62.0 MUSD 20.5 25.6 42.5 50 1.4 5.9 16.9 23.9 23.2 35.9 4.4 12.1 19.6 0 16.2…
  8. Q1 2014 EARNINGS CALL – Spectrum Asa – slide 8
    Rolling earnings/book value of MC library 1.6 1.4 1.2 1.0 0.8 EBITDA 4 quarter rolling / book value of MC library rolling 0.6 EBIT 4 quarter rolling / book value of MC library rolling 0.4 0.2 -
  9. Q1 2014 EARNINGS CALL – Spectrum Asa – slide 9
    Investment per Vintage Net Book Value (NBV) as % of original investment per financial year vs. allowed Maximum NBV MUSD 90 84.4 80 70 60 57.5 73% 51.3 52.2 64% 100% 50 40 30 61% 50% 20 15.9 14.7 27% 22% 22% 10 1.1 0…
  10. Q1 2014 EARNINGS CALL – Spectrum Asa – slide 10
    Balance Sheet Key Figures (000s) SPECTRUM GROUP Assets 31.03.14 31.12.13 (USD 1000) (Unaudited) (Audited) MC Library 110,604 112,400 Other Intangible Assets 19,552 19,996 Tangible Assets 5,420 4,713 Receivables 69,552 56,484 Cash and…
  11. Q1 2014 EARNINGS CALL – Spectrum Asa – slide 11
    Q1 2014 Cash Flow Statement SPECTRUM GROUP Quarter Quarter 12 months Cashflow ended ended ended (USD 1000) 31.03.14 31.03.13 31.12.13 Cash flows from operating activities: Profit / (Loss) before tax 8,704 15,693 42,905 Income taxes paid…
  12. Q1 2014 EARNINGS CALL – Spectrum Asa – slide 12
    Operations
  13. Q1 2014 EARNINGS CALL – Spectrum Asa – slide 13
    Q1 Operational Summary One 3D survey active throughout Q1 11,330 sqkm MC3D, Brazil One 2D survey completed during Q1 14,700 km MC2D, Croatia Mobilizing for two 2D surveys at end of Q1 2,700 km MC2D, Namibia 5,000 km MC2D,…
  14. Q1 2014 EARNINGS CALL – Spectrum Asa – slide 14
    Areas of High Interest Relevant Licensing activities Namibia - open door Gabon - ongoing negotiations UK - 28th round April 2014 Norway - 23rd round nominations Croatia - 1st round Q2 2014 Lebanon - 1st round ongoing Brazil - 13th…
  15. Q1 2014 EARNINGS CALL – Spectrum Asa – slide 15
    Brazil Amazonas MC3D Joint Spectrum CGG Multi-Client 3D 11,330 sqkm High prefunding level High-end BroadSeisTM Survey Total size of 11,330 sqkm 6,000 sqkm over open acreage Survey progress Acquisition start 19 January 40%…
  16. Q1 2014 EARNINGS CALL – Spectrum Asa – slide 16
    Mediterranean Croatia Croatia MC2D survey completed 14,700 km of 2D long-offset data Final PSTM product available Bid round update 1st Offshore round opened on 2 April 2014, closing 3 November 2014 Data room open in Zagreb
  17. Q1 2014 EARNINGS CALL – Spectrum Asa – slide 17
    Other bid round updates Lebanon bid round update New government formed in February after a 10-month deadlock Auction date postponed from April 10 to August 14 Minister committee formed to decide on outstanding decrees Gabon…
  18. Q1 2014 EARNINGS CALL – Spectrum Asa – slide 18
    Other ongoing projects Barents seam, Hoop area Phase 2 5,000 km MC2D Broadband seismic (blue lines) Complementing the 2013 acquisition of 2,226 km Covering nominated 23rd round blocks Collaborating with ORG Geophysical to provide…
  19. Q1 2014 EARNINGS CALL – Spectrum Asa – slide 19
    Outlook
  20. Q1 2014 EARNINGS CALL – Spectrum Asa – slide 20
    Outlook Well positioned for license rounds in 2014-2015 Gabon, Croatia and Norway Lebanon formed new government and continuation of license round is in progress The Foz do Amazonas MC3D project will be important for Spectrums…
  21. Q1 2014 EARNINGS CALL – Spectrum Asa – slide 21
    Outlook Spectrum estimates seismic spending by oil companies in 2014 to be flat compared to 2013 Spectrum expects total MC investment for 2014 to be in excess of MUSD100 Spectrum expects growth in revenue for 2014

From the store

Browse maps, data & reports in the Shale Experts store