ION Geophysical Corporation Investor Presentation May 2013 Greg Heinlein, SVP and Chief Financial Officer
Todays Discussion Overview of ION Financial Results 3
ION at a Glance Technology company, driven to develop and apply proven, innovative technologies and services to help our clients find and produce hydrocarbons as safely and efficiently as possible 6 % of IONs 2012 revenue spent on…
Key Highlights Full value chain service provider without the burden of heavy fixed costs from seismic survey equipment Broad seismic exposure reduces cash flow volatility associated with companies Diverse Business focused on data…
ION Strategy Participate in Every Stage Planning Technology/Equipment Acquisition Processing/Interpret. Supporting E&P Customers in Every Stage of the Geophysical Cycle Technology company History of innovation Integrated Solutions…
ION Areas of Focus Aligned with Major Industry Growth Areas Challenging Unconventional Basin Complex Environments Reservoirs Exploration Geologies Arctic, Obstructed Shales, Tight Gas, BasinSPAN Data Subsalt, Sub Water, and…
ION Competitive Landscape ION is a Technology Focused Seismic Company Asset Heavy Asset Light Other Core service / Product Offerings Seismic Equipment Int e rna l (1) Int e rna l (1) Tech Focus Data P ro cessing So…
Business Segments Overview 67% Includes multi-client (New Venture Programs and Data Library Sales) and data processing services Solutions GeoVentures services (within multi-client) manages the entire seismic process Services…
Revenue Distribution by Segment FY 2012 526.3 Million YoY Growth 16% Software YoY Growth 13% New Venture 43.1M YoY Growth 50% Data 147.3M Processing YoY Growth 30% 115.8M Solutions YoY Growth 33% 351.3M Systems Data…
IONs Global Footprint ION operates in the worlds major oil and gas producing regions and in some of the worlds most challenging environments 12
ION 2012 Global GeoVentures Revenue Solutions Segment GeoVentures 2012 record revenue of 235M, up 35% ResSCAN 3D Programs 88M in Data Library sales in 2012 BasinSPAN 2D Marine Programs E&P capex up 10% in 2012; predicted to…
Worldwide Exploration & Production Capital Spending to Surpass 640 Billion in 2013, up 7% Canada: +0.6% Europe: +6% Russia: +7% 2013 Budget: 44,696 2013 Budget: 47,670 2013 Budget: 50,346 2012 Budget: 44,431 2012 Budget: 45,012 2012…
Marine Seismic Market Seabed Towed Streamer CalypsoTM Seabed System Systems (132.0M) Seismic Vessels by Software Type Seabed Acquisition Services Expenditure Software (43.1M) ION has 75% market share Seabed Seismic showing…
Georadar & ION Seabed Seismic JV - GeoRXT Two strong parents providing global fully-integrated solution ION Marine GXT OBS ION Multi- GeoRXT OBS ION GeoRXT- Imaging Data Client Seismic Data Reservoir ION Systems Processing &…
Todays Discussion Overview of ION Financial Results 17
Recent Highlights Revenue 2012 YE revenue grew by 16%, Q1-13 revenue also up 16% 2012 generated record revenues in multi-client, Data Processing, and Software divisions Q1-13 revenue up 16% YoY GV revenues up 47% YoY Adjusted…
ION Historical Financial Results 2009 1Q13 ( in Thousands) Revenue Adj. EBITDA and Adj. EBITDA Margins Legacy Land Operations Legacy Land Operations 190,057 544,344 179,132 526,317 163,810 155,894 444,322 454,621 419,781…
Financial Overview Cash Flow Full Year ( in Thousands) SUMMARIZED CASH FLOW 2011 2012 Q1-13 Cash from operations 134,893 184,320 19,336 Working capital (4,909) (15,015) 14,942 Multi-client investment (143,782) (145,627)…
Financial Overview Balance Sheet Capital Employed* Capital Book Value 12/31/11 12/31/12 3/31/13 12/31/11 12/31/12 3/31/13 Millions Millions 176M 230M 225M 62M 61M 67M 105M 105M 104M Cash Other Working Capital Net…
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