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Q3 2011 EARNINGS CALL – Spectrum Asa

Spectrum Asa · Nov 17, 2011 · 14 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. Q3 2011 EARNINGS CALL – Spectrum Asa – slide 1
    Presentation of Unaudited 3rd Quarter 2011 Results November 2011
  2. Q3 2011 EARNINGS CALL – Spectrum Asa – slide 2
    Highlights Strong sales with USD 27 million in revenue Library transaction with CGGVeritas finalized Spectrum number two in Marine 2D MultiClient Spectrum embarks on Brazil campaign with new Multi Client surveys for the upcoming…
  3. Q3 2011 EARNINGS CALL – Spectrum Asa – slide 3
    Q3 2011 Income Statement unaudited (From continuing operations) (000s) Q3 11 Q3 10 YTD Q3 11 YTD Q3 10 Revenue 27,263 6,885 41,123 16,001 Revenue share (9,128) (617) (14,057) (2,078) Operating expenses (5,349) (2,176) (11,818)…
  4. Q3 2011 EARNINGS CALL – Spectrum Asa – slide 4
    Segment Results (000s) Q3 11 Q3 10 YTD YTD Q3 11 Q3 10 Multi-Client 26,484 5,936 38,104 13,020 Seismic Data Processing 779 949 3,019 2,981 Revenue 27,263 6,885 41,123 16,003 Multi-Client 13,072 3,993 15,561 7,159 Seismic…
  5. Q3 2011 EARNINGS CALL – Spectrum Asa – slide 5
    Multi Client NBV & Investments (000s)
  6. Q3 2011 EARNINGS CALL – Spectrum Asa – slide 6
  7. Q3 2011 EARNINGS CALL – Spectrum Asa – slide 7
    Balance Sheet Key Figures (000s) Assets Q3 11 Q2 11 Q3 10 Q4 10* MC Library 60,085 25,642 19,328 19,791 Other Intangible Assets 11,668 12,001 13,337 11,940 Tangible Assets 1,982 2,364 3,724 3,172 Financial Assets 1,664 1,795 1,486…
  8. Q3 2011 EARNINGS CALL – Spectrum Asa – slide 8
    Q3 2011 Cash Flow Statement (000s) Q3 11 Q3 10 YTD Q3 11 YTD Q3 10 Receipts from revenue 15,188 4,881 27,858 16,359 Operational costs paid (9,788) (5,909) (21,948) (9,237) Share options granted 282 - 867 - Change in Work in Progress…
  9. Q3 2011 EARNINGS CALL – Spectrum Asa – slide 9
    Operational Review 2011 Finalized the CGGV MC2D library transaction GGS-Atlantic off Spectrum operations in a deal with Seabird Revitalizing Seismic Imaging with new SW and HW from Paradigm Mobilizing for new acquisition in Brazil…
  10. Q3 2011 EARNINGS CALL – Spectrum Asa – slide 10
    Areas of High Interest Key Current/Upcoming Licensing Rounds: Syria - 2nd licence round open Uruguay - round II open Cyprus - 2nd bid round early 2012 Brazil - 11th round expected in 2012 Lebanon - 1st licence round H1 2012…
  11. Q3 2011 EARNINGS CALL – Spectrum Asa – slide 11
    Library Sales Strong pipeline of sales and leads within the library Geographic spread of sales with majority of sales coming from license round areas Ongoing license rounds and block awards within library: Iceland, Gabon,…
  12. Q3 2011 EARNINGS CALL – Spectrum Asa – slide 12
    New acquisitions / Investments Brazil campaign started in November with a number of programmes lined up Northern Equatorial Margin Project in Brazil with more than 50% prefunding at start up with an expectation of close to 100%…
  13. Q3 2011 EARNINGS CALL – Spectrum Asa – slide 13
    Outlook Revenue growth Short medium term: Increase in late sales Several bid rounds planned in 2012 in areas where Spectrum has good survey coverage Project pipeline for 2012 firming up with prefunding secured Investment in MC…
  14. Q3 2011 EARNINGS CALL – Spectrum Asa – slide 14
    Conclusions Spectrum is now a Pure play Multi-Client company Continued focus on balance sheet and cash flow Ongoing operations provides funding for the organic growth The growth plan is accelerated with more sales, more new…

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