ION Earnings Call Q1 2012 Earnings Call Presentation May 3, 2012
Earnings Call Introduction Corporate Participants & Contact Information BRIAN HANSON GREG HEINLEIN Chief Executive Officer Chief Financial Officer CONTACT INFORMATION If you have technical problems during the call, please…
ION Q1 2012 Highlights Revenues Strongest Q1 in recent company history 120,000 ( Thousands) 100,000 Revenue, Operating Income, and Net Income all up 80,000 Y/Y 60,000 40,000 Revenues 112 million, up 23% from Q1 2011 20,000 0…
Market Observations Marine Seismic Acquisition Market Growing Towed Streamer Tender activity up Vessel utilization up Backlog up 4D activity up Seabed Market size up Tender activity up Vessel utilization up OBC and OBN…
Market Observations Data Processing Picking Up Robust tender activity Global in scope Gulf of Mexico improving nicely (next lease round in June) Broadband demand on the rise Interest in GXT technologies, including RTM3…
Market Observations Majors Driving Strong Demand for Multi-client Data Rise in international exploration Africa, Arctic, and Latin America ION well positioned for upcoming lease rounds in Australia, Brazil, Greenland, and parts of…
INOVA Geophysical General Market Observations & Operational Highlights G3iTM new cable product launched in March, 15,000 channels of G3i delivered to BGP Vibrator sales in Q1 (46 units) included balance of Saudi deliveries for…
Financial Overview Revenues by Segment 120 Systems revenues 37 million, up 53% from Q1 2011, due to increased sales of ocean-bottom and other 100 marine products and growth in the land sensor business. 80 Millions 60…
Systems Segment Financial Overview Revenue by Type 40 35 30 Millions 25 20 15 10 5 - Q1 11 Q1 12 Towed Streamer Equipment OBC Other Robust performance in repairs & replacement business 10 Return of OBC market
Solutions Segment Financial Overview Revenue by Type Multi-client Investments 80 160 150 M H 140 130 M 70 120 100 Millions 60 80 60 50 40 20 40 - Millions 2010 2011 2012 30 Solutions Backlog 20 Q1 12 129…
Software Segment Financial Overview Revenue by Type (GBP) % of Seismic Vessels with Orca 6 5 40% 60% 4 3 Millions Orca-Permanent Other 2 Orca Vessel Conversion 1 2011 2012 2010 - 51 49 44 vessels Q1 11 Q1 12…
INOVA Geophysical Revenues Revenues 60 50 Estimated Q1 2012 revenues of 53 to 57 million with operating income of 40 7 to 8 million** Millions 30 Revenue approximately 70% ahead of 20 the same period last year 10…
Financial Overview Cash Flow Three Months Ended March 31, SUMMARIZED CASH FLOW 2012 2011 Cash from operations 32,341 28,125 Working capital 19,715 24,001 Multi-client investment (24,527) (11,907) PP&E Capital Expenditures…
Financial Overview Balance Sheet, Liquidity & Debt as of March 31, 2012 Capital Employed Financing 600 600 500 500 400 400 Millions 177M Millions 300 300 200 200 100 100 105M 87M 0 0 Cash Remaining Working…
Solid Start to 2012 Continue to expect solid growth across all business lines Data processing business back, with growth expected for balance of 2012 Major oil company demand high for multi-client exploration, with projects…
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