ION Earnings Call Q3 2012 Earnings Call Presentation November 9, 2012
Earnings Call Introduction Corporate Participants & Contact Information BRIAN HANSON GREG HEINLEIN President and Senior Vice President and Chief Executive Officer Chief Financial Officer CONTACT INFORMATION If you have…
ION YTD Q3 2012 Highlights Continued Momentum Solid Performance Revenues ( Thousands) Gross Profit Strong revenue 360,000 45% Up 20% 40% Up 3 pts growth up 20% 340,000 35% 30% 320,000 25% 300,000 20% 15% Net income up…
Global Outlook E&P Spending and Implications for Seismic E&P Industry Dynamics Europe, Africa, Middle East E&P International capex markets leading and E&P capex seismic growth spend Strong ION expected revenues to grow…
Market Observations Seismic Industry Macro Trends Integration & consolidation in Big 3 with 75% of Streamer Capacity towed streamer industry With CGGV acquisition of Fugro, Big 3 have 75% of streamer capacity Growing demand for…
Market Observations International Data Processing Robust Buoyant data processing market Demand up Gulf of Mexico and Internationally Europe, Africa, Middle East Conventional Image Record revenues in Q3 6th sequential…
Market Observations Continued Demand for Multi-client Programs Worldwide Record third-quarter revenues and backlog Strong demand driven by upcoming lease rounds Completed acquisition of six programs in Q3 GeoVenturesTM…
Market Observations Changing Marine Seismic Market Tightening market vessel utilization and day rates up Smaller towed streamer vessel equipment sales in 2012 Solid ION VSO II OBC system sales Source: ODS Petrodata, Company…
Summary Industry remains robust ION growth in line with industry growth International activity is strong Well positioned to grow 10
Financial Overview Revenues by Segment 160 Solutions revenues of 92 million, up 26% Y/Y 140 120 Software revenues of 13 million, 100 up 30% in local currency Y/Y Millions 80 60 Systems revenues of 31 million, 40 down…
Solutions Segment Financial Overview Revenue by Type Revenue vs. Backlog 100 90 80 70 60 50 Millions 40 30 Solutions Backlog 20 Q3 12 199 M Backlog up 87% Y/Y 10 Q2 12 153 M - Q1 12 129 M Q3 11 Q3 12 Q4 11 134…
Software Segment Financial Overview Revenue by Type (GBP) % of Seismic Vessels with Orca 9 8 7 6 5 58% 4 42% Millions 3 2 1 - Orca-Permanent Q3 11 Q3 12 Spectra/Pre-Orca ION versions Software Systems Services…
Systems Segment Financial Overview Revenue by Type 40 35 30 25 Millions 20 15 10 5 - Q3 11 Q3 12 Towed Streamer Equipment OBC Other Continued improvement of Seabed sales. Continuing softness in Towed Streamer…
INOVA Geophysical Financial Overview 50 Revenues Q2 2012 40 Revenues of 47.4 million with an operating loss of (4) million** Millions 30 Driven by 30,000 channel sale of 20 Hawk, strong U.S. vibrator sales, and 10…
Financial Overview Cash Flow Three Months Ended September 30, SUMMARIZED CASH FLOW 2012 2011 Cash from operations 54,211 62,289 Working capital (28,609) (36,957) Multi-client investment (53,019) (45,492) PP&E Capital…
Financial Overview Balance Sheet as of September 30, 2012 Capital Employed* Capital Book Value Q2 Q3 Q2 Q3 600 600 500 500 400 Millions Millions 400 300 187M 212M 300 200 200 100 83M 47M 0 100 105M 104M Cash…
Continued Momentum in Q3 Strong first three quarters of 2012 Expect solid Y/Y growth throughout 2012 Anticipate 2012 multi-client investment north of 140 million Remain positive on outlook to achieve Y/Y quarterly…
Loading...
