ION Earnings Call Q2 2012 Earnings Call Presentation August 8, 2012
Earnings Call Introduction Corporate Participants & Contact Information BRIAN HANSON GREG HEINLEIN Chief Executive Officer Chief Financial Officer CONTACT INFORMATION If you have technical problems during the call, please…
ION Q2 2012 Highlights Continued Momentum Solid Q2 Revenues Gross Profit ( Thousands) 45% 110,000 Up 19% 44% Strong revenue 105,000 43% growth 42% 100,000 41% 40% 95,000 39% 90,000 38% 85,000 37% Good gross margins 36%…
Market Observations International Data Processing Picking Up Fifth sequential quarterly improvement in ION DP revenues International demand up -- Europe, Africa, Conventional Image Middle East Continued rebalancing of our…
Market Observations Continued Growth in Marine Seismic Activity Towed Streamer market tightening Good growth in Seabed market Launched CalypsoTM seabed acquisition system in Q2 at EAGE Growing demand for IONs Acquisition…
GeoVenturesTM Acquisition and Data Library Programs 1H 2012 Solid performance -- revenues, operating profits, margins. Ended Q2 with record backlog. Continued rise in international exploration Africa, Latin America, Australia…
Summary Industry remains robust International activity is strong Well positioned to grow Remain confident in our ability to deliver against plan 8
Financial Overview Revenues by Segment 120 Solutions revenues of 72 million, up 47% Y/Y 100 80 Software revenues of 10 million, up 6% in local currency Y/Y Millions 60 40 Systems revenues of 23 million, down 23% Y/Y…
Solutions Segment Financial Overview Revenue by Type Multi-client Investments 80 160 H 150 M 140 130 M 70 120 100 Millions 60 80 60 50 40 20 40 - Millions 2010 2011 2012 30 Solutions Backlog 20 Q2 12 153…
Software Segment Financial Overview Revenue by Type (GBP) 7 % of Seismic Vessels with Orca 6 5 4 59% Millions 3 41% 2 1 - Orca-Permanent Spectra/Pre-Orca Q2 11 Q2 12 ION versions Software Systems Services…
Systems Segment Financial Overview Revenue by Type 35 30 25 Millions 20 15 10 5 - Q2 11 Q2 12 Towed Streamer Equipment OBC Other Q2 soft as expected timing of revenue recognition. Good reception for Calypso at…
INOVA Geophysical Financial Overview Revenues Q1 2012 60 50 Revenues of 56.8 million with operating Millions 40 income of 8.9 million** 30 Delivered 15,000 channels of G3i 20 Delivered first 3 UniVib units 10 -…
Financial Overview Cash Flow Three Months Ended June 31, SUMMARIZED CASH FLOW 2012 2011 Cash from operations 38,556 20,349 Working capital (5,023) (11,283) Multi-client investment (28,054) (34,195) PP&E Capital…
Financial Overview Balance Sheet as of June 30, 2012 Capital Employed* Capital Book Value 600 Q2 Q1 600 Q2 Q1 500 500 400 400 Millions Millions 187M 177M 300 300 200 200 100 100 83M 87M 105M 105M 0 0 Cash…
Continued Momentum in Q2 Strong first half 2012 Expect solid Y/Y growth throughout 2012 Continue to anticipate 2012 multi-client investment in 130 - 150 range Remain positive on outlook to achieve Y/Y quarterly…
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