ION Earnings Call Q4 2012 Earnings Call Presentation February 14, 2013
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 2012 Highlights Continued Strong Growth Revenues ( Millions) 45% Gross Profit Revenue up 16% 600 Up 3 pts Up 16% 40% 500 35% 30% EPS of 0.39, up 400 25% 160% 300 20% 200 15% 10% 33% EPS in 1H vs. 100 5% 0% 13% in…
ION 2012 Global GeoVentures Revenues ResSCAN Programs GeoVentures 2012 record revenues of 235M, up 35% BasinSPAN Marine Programs 88M in Data Library sales in 2012 BasinSPAN Land Programs E&P capex up 10% in 2012; predicted to…
Data Processing 116M in 2012 revenues Record year, up 30% over 2011 Millions Seventh sequential quarterly improvement Continued focus on large, long-term contracts WiBandTM technology continues to gain momentum 6
Marine Seismic Ocean Bottom Seismic showing strong growth and gaining market share Millions Continued positive customer feedback regarding VSO Q412 revenue up 75% versus Q3 Source: ODS Petrodata, Company Analysis Solid…
Summary Great quarter and year E&P Capex and Seismic Spend Strength in international markets Growth led by GeoVentures and GXT Data Processing Seismic market is healthy Sources: Company data, Barclays Research, Spears ION…
Financial Overview Revenues by Segment Q412 Revenue 200 175 Solutions revenues of 121 million, 150 up 45% Y/Y Millions 125 100 75 50 25 Software revenues of 11 million, up - 14% in local currency Y/Y Q4 11 Q4 12…
Solutions Segment Financial Overview Q412 Revenue by Type DP & NV Revenue vs. Backlog 140 200 180 160 120 140 Millions 120 Up 19% 100 100 80 60 40 80 20 0 Q109 Q209 Q309 Q409 Q110 Q210 Q310 Q410 Q111 Q211 Q311…
Software Segment Financial Overview Q412 Revenue by Type (GBP) % of Seismic Vessels with Orca 8 6 58% 4 42% Millions 2 - Orca-Permanent Q4 11 Q4 12 Spectra/Pre-Orca ION versions Software Systems Services Record…
Systems Segment Financial Overview Q412 Revenue by Type 80 60 Millions 40 20 - Q4 11 Q4 12 Towed Streamer Equipment OBC Other Softness in Towed Streamer product sales 12
INOVA Geophysical Financial Overview Revenues Q3 2012 30 25 Revenues of 25.1 million with an operating loss of (8.1) million Millions 20 15 Delivered 18,000 channels of G3i 10 A few additional vibrator sales 5 - Q3 11…
Financial Overview Cash Flow SUMMARIZED CASH FLOW Q412 Q411 Cash from operations 69,523 53,285 Working capital (11,774) (9,445) Multi-client investment (40,027) (52,188) PP&E Capital Expenditures (3,084) (2,036) Free…
Financial Overview Balance Sheet as of December 31, 2012 Capital Employed* Capital Book Value 2011 2012 2011 2012 700 600 600 500 500 Millions Millions 400 400 230M 176M 300 300 200 200 100 0 62M 61M 100 105M…
Continued Momentum Revenues ( Millions) 600 Up 16% Strong growth in 2012 500 400 300 Expect Y/Y growth in 2013 200 100 0 2011 2012 Anticipate 2013 multi-client investment of 140 - 160 million Diluted EPS 0.45 Up…
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