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Q4 2014 RESULT – Multiclient Geophysical Asa

Multiclient Geophysical Asa · Feb 27, 2015 · 20 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q4 2014 RESULT – Multiclient Geophysical Asa – slide 1
    MultiClient Geophysical ASA Fourth quarter 2014 CEO Tom Wolden and CFO Renate Mrch 27 February 2015 ADDRESS: STASJONSVEIEN 18, 1375 BILLINGSTAD, NORWAY - WWW.MCG.NO - MCGMCG.NO - +47 66 98 41 10
  2. Q4 2014 RESULT – Multiclient Geophysical Asa – slide 2
    Highlights Net revenues of USD 8.2 million (USD 2.4 million) Operational cash flow of USD 3.1 million (USD 2.4 million) Underlying EBIT of USD 2.2 million (USD -0.7 million) Multi-client library impairment charge of USD 4.7…
  3. Q4 2014 RESULT – Multiclient Geophysical Asa – slide 3
    Agenda Highlights Operations Tom Wolden CEO Financials Outlook MULTICLIENT GEOPHYSICAL ASA 4
  4. Q4 2014 RESULT – Multiclient Geophysical Asa – slide 4
    Asia Pacific Started two new MC2D surveys in Indonesia during Q4 INDONESIA Both survey were completed ahead SULAWESI of schedule and under budget Lombok MC2D, 1652 km, completed in December. Highly prefunded LOMBOK Sulawesi…
  5. Q4 2014 RESULT – Multiclient Geophysical Asa – slide 5
    Norway Barents 23 license round campaign 2014 SHR Hoop 2014 Well Tie Survey Licensed blocks 23rd round MCG data MCG data acquired 2014 Reprocessed data MULTICLIENT GEOPHYSICAL ASA 6
  6. Q4 2014 RESULT – Multiclient Geophysical Asa – slide 6
    The Barents Sea Hoop area Super High Resolution MC2D survey in the Hoop HOOP area (MCG1401) completed - 5,620 km covering 23rd license round in Hoop area - 14 Blocks - Application deadline 2nd December 2015 - Data available to…
  7. Q4 2014 RESULT – Multiclient Geophysical Asa – slide 7
    The Barents Sea Well Tie Survey Barents Well Tie Survey 2014 (MCG1402) - 6,900 km of new data targeting 23rd license round in Barents Sea - 3,620 km acquired in Norwegian Barent Sea during Q2-3 2014 Available December 2014 - 3,300…
  8. Q4 2014 RESULT – Multiclient Geophysical Asa – slide 8
    The Barents Sea West Positioned for future license rounds Encouraging result from the Pingvin well opens up for new play models to the West Gas discovered in good quality Upper Cretaceous/Lower Tertiary reservoirs Strong indication…
  9. Q4 2014 RESULT – Multiclient Geophysical Asa – slide 9
    Caribbean/Barbados 6838 km of modern data covering upcoming bidding activity Pre qualification terms and bidding process expected first half 2015 Positive result from depth migration test - Expect to depth migrate all data within…
  10. Q4 2014 RESULT – Multiclient Geophysical Asa – slide 10
    Agenda Highlights Operations Financials - Renate Mrch CFO Summary & Outlook MULTICLIENT GEOPHYSICAL ASA 11
  11. Q4 2014 RESULT – Multiclient Geophysical Asa – slide 11
    Key financials Quarterly revenue development 9 8 8,2 Figures in USD millions 7 6 5,9 5 5,5 4 3 3,4 3,1 2 2,4 2,1 1 1,0 0,0 0 Q4-12 Q1-13 Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14 Q4-14 MULTICLIENT GEOPHYSICAL…
  12. Q4 2014 RESULT – Multiclient Geophysical Asa – slide 12
    Key financials Revenue breakdown 9 8 Figures in USD millions 7 6 5 Americas 4 Asia Pacific 3 Norway 2 1 0 Q4-12 Q1-13 Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14 Q4-14 9 8 Figures in USD millions 7 6 5 Late sales 4…
  13. Q4 2014 RESULT – Multiclient Geophysical Asa – slide 13
    Key financials Multi-client library development 30 27,6 27,5 26,5 26,3 27,8 25 24,5 Figures in USD millions 21,5 20 20,2 15 15,6 10 5 6,6 7,2 3,0 3,6 0,5 0,2 2,8 2,7 2,0 0 Q4-12 Q1-13 Q2-13 Q3-13 Q4-13 Q1-14…
  14. Q4 2014 RESULT – Multiclient Geophysical Asa – slide 14
    Income statement (USD 1000) Q4-14 Q4-13 Q/Q-% YTD 14 YTD 13 Y/Y-% Net operating revenue 8 216 2 446 236 % 13 396 12 690 6% Depreciation and amortisation -4 259 -1 549 175 % -8 017 -6 963 15 % Impairment of Multi-client library -4…
  15. Q4 2014 RESULT – Multiclient Geophysical Asa – slide 15
    Cash Flow Statement (USD 1000) Q4-14 Q4-13 YTD 14 YTD 13 Cash flow from operating activities Profit before income tax -2 789 -573 -6 621 -1 312 Adjustments: Income tax paid -1 -1 786 -5 -5 024 Depreciation and amortisation 4 259 1…
  16. Q4 2014 RESULT – Multiclient Geophysical Asa – slide 16
    Balance Sheet key figures (USD 1000) 31.12.2014 31.12.2013 ASSETS Non-current assets Property, plant and equipment 47 33 Multi-client library 21 533 26 543 Deferred tax asset 1 044 184 Total non-current assets 22 623 26 759…
  17. Q4 2014 RESULT – Multiclient Geophysical Asa – slide 17
    Investments per vintage Net book value in % of capital expenditure Investment per vintage Net book value in % of capital expenditure 25 20,0 19,8 20 Figures in USD millions 15 60 % 51 % 8,8 10 6,3 40 % 100 % 4,9 23…
  18. Q4 2014 RESULT – Multiclient Geophysical Asa – slide 18
    Agenda Highlights Operations Financials Outlook - Tom Wolden CEO MULTICLIENT GEOPHYSICAL ASA 19
  19. Q4 2014 RESULT – Multiclient Geophysical Asa – slide 19
    Outlook 2015 Seismic market still strongly influenced by volatile oil price and cost discipline amongst the oil companies Reduced vessel rates and available capacity Several possible new projects - Americas, short long term -…
  20. Q4 2014 RESULT – Multiclient Geophysical Asa – slide 20
    Q&A ADDRESS: STASJONSVEIEN 18, 1375 BILLINGSTAD, NORWAY - WWW.MCG.NO - MCGMCG.NO - +47 66 98 41 10

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