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Q3 2014 EARNINGS CALL – Multiclient Geophysical Asa

Multiclient Geophysical Asa · Nov 28, 2014 · 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. Q3 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 1
    MultiClient Geophysical ASA Third quarter 2014 CEO Tom Wolden and CFO Renate Mrch 28 November 2014 ADDRESS: STASJONSVEIEN 18, 1375 BILLINGSTAD, NORWAY - WWW.MCG.NO - MCGMCG.NO - +47 66 98 41 10
  2. Q3 2014 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 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 3
    Highlights Reported revenues were USD 3.1 million, up from USD 1 million from the corresponding quarter in 2013 In the quarter, MCG has had pre-funding sales on both its Barents Sea surveys as well as late sales in Indonesia and…
  4. Q3 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 4
    Agenda Highlights Operations Tom Wolden CEO Financials Summary & Outlook MULTICLIENT GEOPHYSICAL ASA 4
  5. Q3 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 5
    The Barents Sea Strong MCG presence Licensed blocks 23rd round hearing MCG data MCG data acquired 2014 Reprocessed data MULTICLIENT GEOPHYSICAL ASA 5
  6. Q3 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 6
    The Barents Sea Hoop area Super High Resolution MC2D survey in the Hoop area (MCG1401) - 5,600 km covering 23rd license round in Hoop area - Acquisition completed in third quarter, processed data available in December -…
  7. Q3 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 7
    The Barents Sea Well Tie Survey Barents Well Tie Survey 2014 (MCG1402) - 7,000 km of new data targeting 23rd license round in Barents Sea - 3,500 km acquired in Norwegian Barent Sea during Q2-3 2014 - 3,500 km of reprocessed data…
  8. Q3 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 8
    The Barents Sea West Positioned for future license rounds MCG database 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…
  9. Q3 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 9
    Caribbean/Barbados Pre qualification terms from the Ministry expected around year end 2014 Invitation to apply and bidding process expected in first half 2015 Positive result from depth migration test - Expect to depth migrate…
  10. Q3 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 10
    Asia Pacific Farm-out and farm-in movements in areas where MCG has data which we expect will generate renewed interest in our data Important shallow Pliocene gas discovery in the Makassar area offshore Indonesia by ENI MCG will…
  11. Q3 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 11
    Agenda Highlights Operations Financials - Renate Mrch CFO Summary & Outlook MULTICLIENT GEOPHYSICAL ASA 11
  12. Q3 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 12
    Key financials Quarterly revenue development MULTICLIENT GEOPHYSICAL ASA 12
  13. Q3 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 13
    Key financials Multi-client library development MULTICLIENT GEOPHYSICAL ASA 13
  14. Q3 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 14
    Income statement (USD 1000) Q3-14 Q3-13 Q/Q-% YTD 14 YTD 13 Y/Y-% 2013 Net operating revenue 3,115 966 223 % 5,180 10,244 -49 % 12,690 Depreciation and amortisation -1,659 -512 224 % -3,758 -5,414 -31 % -6,963 Other operating…
  15. Q3 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 15
    Cash Flow Statement (USD 1000) Q3-14 Q3-13 YTD 14 YTD 13 2013 Cash flow from operating activities Profit before income tax -313 -691 -3,832 -739 -1,312 Adjustments: Income tax paid -1 0 -4 -3,238 -5,024 Depreciation and…
  16. Q3 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 16
    Balance Sheet key figures (USD) 30.09.2014 30.09.2013 31.12.2013 ASSETS Non-current assets Property, plant and equipment 34 30 33 Multi-client library 27,792 27,607 26,543 Deferred tax asset 707 437 184 Total non-current assets…
  17. Q3 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 17
    Investments per vintage Net book value in % of capital expenditure 25 20.0 19.8 20 Figures in USD millions 15 64 % 60 % 10 40 % 6.3 33 % 4.7 4.9 5 3.0 100 % 100 % 90 % 100 % 0.5 25 % 0% 2% 20 % 0 0% 0%…
  18. Q3 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 18
    Agenda Highlights Operations Financials Summary & Outlook - Tom Wolden CEO MULTICLIENT GEOPHYSICAL ASA 18
  19. Q3 2014 EARNINGS CALL – Multiclient Geophysical Asa – slide 19
    Summary & Outlook Successfully initiated steps to secure projects with near term triggers - Completed acquisition of two new surveys addressing the 23rd round in the Barents Sea - Super high resolution already in plus prior to…
  20. Q3 2014 EARNINGS CALL – 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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