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Q1 2011 EARNINGS CALL – Spectrum Asa

Spectrum Asa · May 19, 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. Q1 2011 EARNINGS CALL – Spectrum Asa – slide 1
    Presentation of Unaudited 1st Quarter 2011 Results May 2011
  2. Q1 2011 EARNINGS CALL – Spectrum Asa – slide 2
    Q1 2011 Highlights Organization growing with key industry people joining from May 2011 New CFO, Henning Olset, in place from May 1st Project pipeline firming up with permits obtained for proposed Brazil Multi Client (MC) surveys…
  3. Q1 2011 EARNINGS CALL – Spectrum Asa – slide 3
    Q1 2011 Income Statement - unaudited (000s) Q1 11 Q1 10 Change Revenue 9,009 6,676 2,335 Operating expenses (7,923) (6,241) (1,684) EBITDA 1,086 435 651 Depreciation / amortisation (1,375) (929) (446) EBIT (289) (494)…
  4. Q1 2011 EARNINGS CALL – Spectrum Asa – slide 4
    Q1 2011 Cash Flow Statement (000s) Q1 11 Q1 10 Receipts from revenue 8,979 10,575 Net operational costs paid (8,644) (9,568) Change in Work in Progress (1,266) 527 Net Operational Cash Flow from operations (931) 1,534 Investment…
  5. Q1 2011 EARNINGS CALL – Spectrum Asa – slide 5
    Balance Sheet Key Figures (000s) Assets Q1 11 Q1 10 Q4 10* MC Library 20,470 12,317 19,791 Other Intangible Assets 11,879 11,554 11,940 Tangible Assets 3,574 2,362 3,172 Financial Assets 1,641 2,815 1,559 Cash and Equivalents…
  6. Q1 2011 EARNINGS CALL – Spectrum Asa – slide 6
    Multi Client NBV & Investments (000s) 25 000 22 718 20 530 19 791 20 000 19 328 18 733 15 000 12 803 12 786 12 317 11 722 11 173 9 986 10 000 8 138 5 670 5 000 4 395 3 650 2 700 1 745 2 053 1 353 158 290 355…
  7. Q1 2011 EARNINGS CALL – Spectrum Asa – slide 7
    Revenue per segment (000s) 18 000 16 000 2 058 14 000 516 335 3 201 3 985 12 000 4 808 1 640 5 856 3 103 6 124 10 000 3 579 1 969 815 4 850 3 680 8 000 101 1 870 4 370 3 689 187 9 772 6 000 5 329 3 514 6 615 8 107…
  8. Q1 2011 EARNINGS CALL – Spectrum Asa – slide 8
    Review of Business Segments
  9. Q1 2011 EARNINGS CALL – Spectrum Asa – slide 9
    Multi Client Q1 Highlights Brazil firming up Government gives ANP go-ahead for Round 11, now in planning stages, expected 4th qtr Spectrum set up with new Brazilian legal entity: SPECTRUM GEO DO BRASIL SERVIOS GEOFSICOS LTDA Spectrum…
  10. Q1 2011 EARNINGS CALL – Spectrum Asa – slide 10
    Multi Client Q1 Highlights License round offshore Australia Reprocessing projects under way for delivery in Q3 2011 Eagle Deep, Outer Browse and Exmouth 11 for delivery in Q3 for year end sales; total of 20.000 km Maintain Guidance…
  11. Q1 2011 EARNINGS CALL – Spectrum Asa – slide 11
    Seismic Imaging Q1 Highlights 48% of DP revenue from MC projects in Q1 Improved re-processing quality on E Greenland and Exmouth surveys. Exmouth
  12. Q1 2011 EARNINGS CALL – Spectrum Asa – slide 12
    Marine Acquisition Q1 Highlights GGS Atlantic completed 3D acquisition offshore Trinidad GGS Atlantic mobilized at end of Q1 2011 for new project in GOM
  13. Q1 2011 EARNINGS CALL – Spectrum Asa – slide 13
    Organization Henning Olset is new CFO and joined May 1st 2011 Jan Schoolmeesters new COO and starts from August 2011 Jim Martin recruited from CGGVeritas and starts in May 2011 Vice President Business development, EAME Alan Tidey…
  14. Q1 2011 EARNINGS CALL – Spectrum Asa – slide 14
    Frame agreement between Spectrum and SeaBird Spectrum secures 2D seismic acquisition capacity for Multi Client library expansion from SeaBird, together with Re-Let Agreement for GGS Atlantic. Spectrum ASA SPU has signed a frame…

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