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Q1 2014 EARNINGS CALL – Multiclient Geophysical Asa

Multiclient Geophysical Asa · May 23, 2014 · 16 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 – Multiclient Geophysical Asa – slide 1
    MultiClient Geophysical ASA First quarter 2014 CEO Tom Wolden and CFO Renate Mrch 23 May 2014 ADDRESS: STASJONSVEIEN 18, 1375 BILLINGSTAD, NORWAY - WWW.MCG.NO - MCGMCG.NO - +47 66 98 41 10
  2. Q1 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 2
    Disclaimer THIS PRESENTATION AND ITS ENCLOSURES AND APPENDICES (HEREINAFTER JOINTLY REFERRED TO AS THE PRESENTATION) HAVE BEEN PREPARED BY MULTICLIENT GEOPHYSICAL ASA (MULTICLIENT GEOPHYSICAL OR THE COMPANY) EXCLUSIVELY FOR…
  3. Q1 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 3
    First quarter 2014 highlights Amounts in USD million Q1-14 Q1-13 2013 Initiated steps to strengthen the platform for Revenue 0.00 3.40 12.69 future revenue generation EBITDA -1.74 1.02 5.72 EBIT -2.24 -1.01 -1.24 Secured…
  4. Q1 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 4
    Agenda Highlights Operations Tom Wolden CEO Financials Summary & Outlook MULTICLIENT GEOPHYSICAL ASA 4
  5. Q1 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 5
    The Barents Sea Super High Resolution Super High Resolution MC2D survey in the Hoop area - 5,600km in cooperation with Exploro - Prefunded by oil companies Barents Well Tie in progress - 3,500 km presently being acquired,…
  6. Q1 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 6
    Caribbean/Barbados Still interest in MCGs MC2D survey Ministry preparing the pre qualification terms and bidding process - Offshore opportunities promoted by the Ministry at AAPG Houston in April - Pre qualification criteria…
  7. Q1 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 7
    Asia Pacific MCGs Singapore branch has been focusing on presenting prospective surveys to potential prefunding candidates as well as marketing existing surveys MCG is experiencing interest in its MC2D data, and the expected…
  8. Q1 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 8
    Agenda Highlights Operations Financials - Renate Mrch CFO Summary & Outlook MULTICLIENT GEOPHYSICAL ASA 8
  9. Q1 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 9
    Key financials Quarterly revenue development Multi-client library development MULTICLIENT GEOPHYSICAL ASA 9
  10. Q1 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 10
    Income statement (USD 1000) Q1-14 Q1-13 Q/Q-% 2013 Net operating revenue 0 3,404 12,690 Depreciation and amortisation -494 -2,026 -76 % -6,963 Other operating expenses -1,743 -2,388 -27 % -6,971 Total operating expenses -2,237…
  11. Q1 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 11
    Cash Flow Statement (USD 1000) Q1-14 Q1-13 2013 Cash flow from operating activities Profit before income tax -2,157 -950 -1,312 Adjustments: 0 0 0 Income tax paid 0 -3,245 -5,024 Depreciation and amortisation 494 2,026 6,963…
  12. Q1 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 12
    Balance Sheet key figures (USD 1000) 31.03.2014 31.03.2013 31.12.2013 ASSETS Non-current assets Property, plant and equipment 39 30 33 Multi-client library 26,262 20,164 26,543 Deferred tax asset 656 339 184 Total non-current…
  13. Q1 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 13
    Investments per vintage Net book value in % of capital expenditure Investment per vintage Net book value in % of capital expenditure 25 19.9 19.7 20 Figures in USD millions 15 74 % 60 % 10 40 % 6.3 34 % 4.9 5…
  14. Q1 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 14
    Agenda Highlights Operations Financials Summary & Outlook - Tom Wolden CEO MULTICLIENT GEOPHYSICAL ASA 14
  15. Q1 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 15
    Summary & Outlook MCG has initiated steps to strengthen the platform for future revenue generation - Acquiring two surveys addressing the 23rd round in the Barents Sea, with limited financial exposure - Extending the Barents Well…
  16. Q1 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 16
    Q&A ADDRESS: STASJONSVEIEN 18, 1375 BILLINGSTAD, NORWAY - WWW.MCG.NO - MCGMCG.NO - +47 66 98 41 10

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