ION Earnings Call Q2 2011 Earnings Call Presentation August 3, 2011
Earnings Call Introduction Corporate Participants & Contact Information BOB PEEBLER BRIAN HANSON ION Geophysical Corporation ION Geophysical Corporation CONTACT INFORMATION If you have technical problems during the call,…
Sequential improvement and introduction of Integrated Solutions Toolkit - Q2 2011 [4]
Quarterly Highlights Q2 2011 Improved first half 2011 results compared to 2010. Slow recovery of data processing pipeline of business. Anticipate improved data processing results in the second half of the year as the pipeline…
Financial Overview Q2 2011 ION delivers 0.02 of diluted EPS for the second quarter. Revenues of 89 million for the quarter with year-to-date revenues of 179 million compared to 164 million for the prior period. Excluding Legacy Land…
Financial Overview Trailing Twelve Month (TTM) Revenue Comparison Including Legacy Land Systems Excluding Legacy Land Systems 500 500 400 400 300 300 Millions Millions 200 200 100 100 - - 2010 2011 2010 2011…
Solutions Segment Q2 2011 Financial Overview Revenue by Type Multi-client CapEx Investment 120 140 120 110 Millions 100 100 80 90 60 80 40 70 20 Millions 60 - 50 2009 2010 2011 Actual Investment Minimum…
Data Processing - Gulf of Mexico Trends Q2 2011 Financial Overview 1.80 1.60 1.40 1.20 1.00 0.80 0.60 0.40 0.20 - Q210 Q310 Q410 Q111 Q211 Revenues Backlog Pipeline Number of Customers [9]
Software Segment Q2 2011 Financial Overview Revenue by Type (GBP) % of Seismic Vessels with Orca 13 12 11 10 39% 9 8 61% 7 Millions 6 5 4 Orca-Permanent Other 3 Orca Vessel Conversion 2 1 - 2011 YTD 2010 YTD 2011…
Systems Segment Q2 2011 Financial Overview Revenue by Type 60 50 40 Millions 30 20 10 - YTD 2010 YTD 2011 Towed Streamer Equipment OBC Other [ 11 ]
Financial Overview Balance Sheet as of June 30, 2011 Capital Employed Financing 600 600 500 500 400 400 Millions Millions 300 120M 300 200 200 100 100 99M 100M 0 0 Cash & ST Investments Remaining Working Capital…
Financial Overview Liquidity & LT Debt as of June 30, 2011 Liquidity of 199M LT Debt of 100M 3% 50% 50% 97% Undrawn Revolver Cash & ST Investments Term Loan Facility & Equipment Leases Revolver and Term A both mature…
Financial Overview Cash Flow Six Months Ended June 30, SUMMARIZED CASH FLOW 2011 2010 Cash from operations 48,474 21,912 Working capital 12,718 (1,497) Multi-client investment (46,102) (21,226) PP&E Capital Expenditures…
INOVA Geophysical Q2 2011 Financial Overview Q210 vs Q211 Forecasted Revenues 70 Estimated Q2 revenues of 32 to 36 million with 60 operating loss of 7 to 9 million and net loss of 9 to 11 million.* 50 Revenue over 80% ahead…
INOVA Geophysical General Market Observations/Operational Highlights Strong vibrator sales (total of 32) in Q2. Continued BGP purchases totaling 14 million for Q2. Firefly upgrade and purchase contract with BGP for delivery Q3.…
Financial Overview Summary Full-year results are expected to be significantly back-end loaded based on the following assumptions: Record investment in multi-client libraries; Revenue recognition of the BGP twelve-streamer system;…
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