MultiClient Geophysical ASA Results first quarter 2013 CEO Tor kermoen and CFO Renate Mrch 28 May 2013 ADDRESS: STASJONSVEIEN 18, 1375 BILLINGSTAD, NORWAY - WWW.MCGEOPHYSICAL.NO - MCGMCGEOPHYSICAL.NO - +47 66 98 41 10
Disclaimer THIS PRESENTATION AND ITS ENCLOSURES AND APPENDICES (HEREINAFTER JOINTLY REFERRED TO AS THE PRESENTATION) HAVE BEEN PREPARED BY MULTICLIENT GEOPHYSICAL ASA (MULTICLIENT GEOPHYSICAL OR THE COMPANY) EXCLUSIVELY FOR…
Listing on Oslo Axess Listing on Oslo Axess May 2. Raised NOK 80 million. MULTICLIENT GEOPHYSICAL ASA 3
Agenda First quarter highlights Tor kermoen CEO Financials Operations Outlook Summary MULTICLIENT GEOPHYSICAL ASA 4
First Quarter Highlights* *(Consolidated figures) Consolidated revenues were USD 3.4 million compared with USD 1.5 million in 1Q12 Survey in Indonesia was completed Acquisition of data on Barbados and the Barents Sea…
Agenda First quarter highlights Financials Renate Mrch CFO Operations Outlook Summary MULTICLIENT GEOPHYSICAL ASA 6
1Q13 Income statement (USD) 1Q 2013 1Q 2012 Change in % Highest Q1 revenue to date Sales of seismic data 3,404,246 1,453,882 134 % Total operating revenue 3,404,246 1,453,882 134 % Operating cost affected by Depreciation and…
Quarterly revenue development MULTICLIENT GEOPHYSICAL ASA 8
1Q13 Cash Flow Statement (USD) 1Q 2013 1Q 2012 Change in % Cash flow from operating activities Profit before income tax -950 346 -253 776 274 % Adjustments: Income tax paid -3 244 513 -690 192 370 % Depreciation and amortisation 2…
Investment per vintage Investment per vintage Net book value in % of capital expenditure 25 19.7 20 Values in USD millions 15 11.4 60 % 100 % 10 80 % 38 % 6.2 4.9 5 55 % 0% 20 % 0.5 40 % 0% 14 % 0 2009 2010…
Agenda First quarter highlights Financials Operations Tor kermoen CEO Outlook Summary MULTICLIENT GEOPHYSICAL ASA 12
Completed MC2D acquisition in North Sumatra A 6,200 km MC2D survey in North Sumatra, was commenced in December 2012 and completed in February 2013. The survey has good prefunding. MULTICLIENT GEOPHYSICAL ASA 13
MC2D acquisition in Barbados 4,000 km of the Barbados MC2D was completed in 2012 and the acquisition of the remaining 3,000 km started in March 2013 and completed in April 2013. The survey has industry support and has generated good…
Yet another MC2D acquisition in the Barents Sea A 8,600 km MC2D survey in the Southwestern Barents Sea, the Troms Basin, was commenced in March 2013. This survey will be available for the upcoming 23rd Round. The survey has industry…
Hiring of new COO Strenghthen the organization with new COO with extensive multi-client and management experience. Former COO (Peter Abrahamson) to focus on business development and G&G excellence as Chief Scientific Officer(CSO).…
Agenda First quarter highlights Financials Operations Outlook Tor kermoen CEO Summary MULTICLIENT GEOPHYSICAL ASA 17
Outlook Key Drivers for MCG seismic library Asia Pacific - Result of direct awards in the Makassar Strait expected in July and possibly in North Sumatra in December Norway - 22nd Round awards before summer alignment of clients…
Agenda First quarter highlights Financials Operations Outlook Summary Tor kermoen CEO MULTICLIENT GEOPHYSICAL ASA 19
Summary Best Q1 revenues in MCGs history Completed MC2D acquisition in North Sumatra and Barbados Continues to build MCGs strong MC2D position in the Barents Sea Hiring of key personnel Listing on Oslo Axess MULTICLIENT…
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