Company Overview The Leading Pure-play Land & Transition Zone Seismic Company in Russia & the CIS Leading pure-play land and transition zone seismic company servicing clients primarily in Russia and CIS Highest number of crews…
Company Overview Geographic Footprint as of 31 December 2012 75 crews South Russia Timano-Pechora Field Seismic Crews 6 Field Seismic Crews 12 28 operational bases Operational Bases 4 Operational Bases 8 9 data processing…
Company Overview Key Performance Results Revenue MM -1.3% Seismic Order Book Dynamics 616.3 608.5 MM MM +19% +60% 844 826 710 2011 PF 2012 517 EBITDA & EBITDA Margin +80bp 18.8% 19.6% 31 Dec 2011 31 Dec 2012 31 Mar 2012 31…
2012 Highlights Corporate Highlights Current group structure was created on 30 Shareholder Structure Before Listing December 2011 as a result of the transaction to Schlumberger combine Russia & CIS seismic assets of the three 12.0%…
2012 Highlights 12 December 2012 LSE Listing IGSS GDRs commence 23 April 2013 trading at LSE Main Market The issued share capital of IGSS: 20,833,400 shares Nominal value: US0.01 per share 1 GDRs = 2 ordinary shares IGSS…
2012 Highlights Financial and Operating Highlights Financial Highlights in thousand US, unless otherwise stated 2012 2011 PF Change Revenue 608,482 616,345 -1.3% EBITDA 119,103 115,764 2.9% EBITDA margin 19.6% 18.8% 80 bp Net Profit…
2012 Highlights FY 2012 Seismic Revenue Breakdown Seismic Revenue by Customer (2011 PF) Seismic Revenue by Customer (2012) Others Gazprom Neft Gazprom Neft Others 14.6% 19.2% 13.8% 28.5% Slavneft1.8% SPD 2.4% 13.1% Gazprom…
2012 Highlights Cost Analysis Operating Profit Bridge, US MM Cost of Sales by Type 523 2011 PF 7 17 24 616 (523) 76 92 101 (98) 206 (7) Other (12) Revenue Cost of G&A Other Operating Operating Cost of Sales Operating…
2012 Highlights Order Book Dynamics Year-on-year As of 31 December 2012 (1)(2) 13* As of December 31, 2012, the Companys seismic MM services order book amounted to approximately US +134MM 844MM, of which approx. US 680MM accounted…
2012 Highlights Integration and Optimization 2012 was the first year in which IGSS conducted 2012: Operational Bases Optimization (bases) operations as a combined integrated company Region 2012 2011 PF Change There has been a…
2012 Highlights Important Agreements First Agreement on UniQ Technology in Russia Signed first agreement with Gazprom Neft for providing seismic explorations using the innovative high-density seismic acquisition technology UniQ…
2012 Highlights IGSS committed to conservative financial policy Debt Position Largely RUB denominated debt, to match cash flows Debt dynamics (by type) Relationships with wide range of leading Russian and MM international…
Russian Seismic Market Overview Key Trends Strong Forecast Growth in Russian Seismic Market Strong demand outlook in greenfield and 1 Shot Points brownfield Strong growth in demand for high-tech/high- 2 density surveys, including…
Russian Seismic Market Overview Vast majority of Russian production comes from increasingly Russia Oil Production mature fields discovered and in most cases developed during MM Tonnes Soviet period 600 Falling returns from simple…
Russian Seismic Market Oil Extraction Increasingly Complex Over half the oil fields discovered in Russia over the past six Structure of Recoverable Reserves in Russia years are less than 300kt in size puts sustainability of future…
Russian Seismic Market Overview Strong Demand Growth for High Tech / High Density Surveys Strong growth in 3D activity in recent years as producers Upside to Global Market Standards seek to optimise development and production from…
Appendix Corporate Governance Board of Directors Cumulative voting 4 experienced independent directors BOD is chaired by Independent Director Maurice Dijols Dmitry Lipyavko Sergey Generalov Non-Executive Director Independent…
Detailed Financials IG Seismic Service Limited Combined and Consolidated Statement of Comprehensive Income 000s FY 2012 2011 PF Sales of Services 608,482 616,345 Cost of Sales (489,800) (522,595) Impairment of property, plant and…
Detailed Financials IG Seismic Service Limited Combined and Consolidated Statement of Financial Position 31 December 31 December 000s 2012 2011* Assets Cash and Cash Equivalents 18,615 13,187 Inventories 70,273 64,608 Trade and…
Detailed Financials IG Seismic Service Limited Combined and Consolidated Statement of Cash flow 31 December 000s 2012 Cash flow from operating activities Profit(loss) profit before tax from continuing operations 3,915 Adjustments…
Loading...
