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Q3 2013 EARNINGS CALL – Multiclient Geophysical Asa

Multiclient Geophysical Asa · Nov 26, 2013 · 17 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. Q3 2013 EARNINGS CALL – Multiclient Geophysical Asa – slide 1
    MultiClient Geophysical ASA Third quarter 2013 CEO Tor kermoen and CFO Renate Mrch 26 November 2013 ADDRESS: STASJONSVEIEN 18, 1375 BILLINGSTAD, NORWAY - WWW.MCG.NO - MCGMCG.NO - +47 66 98 41 10
  2. Q3 2013 EARNINGS CALL – Multiclient Geophysical Asa – slide 2
    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…
  3. Q3 2013 EARNINGS CALL – Multiclient Geophysical Asa – slide 3
    Agenda Highlights - Tor kermoen CEO Operations Financials Summary & Outlook MULTICLIENT GEOPHYSICAL ASA 3
  4. Q3 2013 EARNINGS CALL – Multiclient Geophysical Asa – slide 4
    Highlights Accelerated inclusion of top management in all major sales processes towards the oil companies Western Barents Sea oil discoveries in areas where MCG has seismic data Expansion of comprehensive marine seismic library…
  5. Q3 2013 EARNINGS CALL – Multiclient Geophysical Asa – slide 5
    Recent oil discoveries in areas where MCG has seismic data NPD 2D data Wisting Johan Castberg Gohta MULTICLIENT GEOPHYSICAL ASA 5
  6. Q3 2013 EARNINGS CALL – Multiclient Geophysical Asa – slide 6
    The Barents Sea Troms Basin MC2D survey Stappen High West MC2D survey Processing completed mid-November 97 percent completed in the third quarter Shows very promising structures Covers an area with shallow Jurassic prospects as…
  7. Q3 2013 EARNINGS CALL – Multiclient Geophysical Asa – slide 7
    Processing completed in Barbados Processing of the second phase of the survey MCG1281 is completed MCG has 6,876 km high quality 2D dataset covering the under-explored offshore areas of Barbados Awaiting license award…
  8. Q3 2013 EARNINGS CALL – Multiclient Geophysical Asa – slide 8
    Asia Pacific Presenting prospective surveys for potential prefunders Marketing of existing surveys Awaiting awards from the Indonesian authorities MULTICLIENT GEOPHYSICAL ASA 8
  9. Q3 2013 EARNINGS CALL – Multiclient Geophysical Asa – slide 9
    Agenda Highlights Operations Financials - Renate Mrch CFO Summary & Outlook MULTICLIENT GEOPHYSICAL ASA 9
  10. Q3 2013 EARNINGS CALL – Multiclient Geophysical Asa – slide 10
    Key financials Quarterly revenue development Multi-client library development MULTICLIENT GEOPHYSICAL ASA 10
  11. Q3 2013 EARNINGS CALL – Multiclient Geophysical Asa – slide 11
    Income statement (USD 1000) Q3-13 Q3-12 Q/Q-% YTD 13 YTD 12 Y/Y-% Net operating revenue 966 14,028 -93 % 10,244 28,394 -64 % Depreciation and amortisation -512 -4,279 -88 % -5,414 -8,913 -39 % Other operating expenses -1,227 -1,265 -3 %…
  12. Q3 2013 EARNINGS CALL – Multiclient Geophysical Asa – slide 12
    Cash Flow Statement (USD 1000) Q3-13 Q3-12 YTD 13 YTD 12 Cash flow from operating activities Profit before income tax -691 8,512 -739 15,603 Adjustments: Income tax paid 0 0 -3,238 -1,376 Depreciation and amortisation 512 4,279 5,414…
  13. Q3 2013 EARNINGS CALL – Multiclient Geophysical Asa – slide 13
    Balance Sheet key figures (USD 1000) ASSETS 30.09.2013 30.09.2012 31.12.2012 Multi-client library increased by Non-current assets USD 12 million during the first Multi-client library 27,607 13,991 15,629 nine months Property, plant…
  14. Q3 2013 EARNINGS CALL – Multiclient Geophysical Asa – slide 14
    Investments per vintage Net book value in % of capital expenditure 25 19.9 20 Figures in USD millions 15 13.0 60 % 100 % 10 69 % 9.0 100 % 39 % 95 % 6.3 4.9 5 45 % 0.5 40 % 0% 20 % 0 0% 4% 2009 2010 2011…
  15. Q3 2013 EARNINGS CALL – Multiclient Geophysical Asa – slide 15
    Agenda Highlights Operations Financials Summary & Outlook - Tor kermoen CEO MULTICLIENT GEOPHYSICAL ASA 15
  16. Q3 2013 EARNINGS CALL – Multiclient Geophysical Asa – slide 16
    Summary MCG is experiencing a slower seismic market due to longer decision making processes among authorities Initiatives have been made to accelerate inclusion of top management in all major sales processes towards the oil…
  17. Q3 2013 EARNINGS CALL – Multiclient Geophysical Asa – slide 17
    Outlook Increased interest in MC2D surveys in the Western Barents Sea as oil companies prepare for the 23rd Round Experiencing good interest in Barbados MC2D data MCG is in the process of applying for new survey permits…

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