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Q4 2013 RESULTS – Multiclient Geophysical Asa

Multiclient Geophysical Asa · Feb 28, 2014 · 18 slides

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Slides

  1. Q4 2013 RESULTS – Multiclient Geophysical Asa – slide 1
    MultiClient Geophysical ASA Fourth quarter and preliminary full-year results for 2013 CEO Tor kermoen and CFO Renate Mrch 28 February 2014 ADDRESS: STASJONSVEIEN 18, 1375 BILLINGSTAD, NORWAY - WWW.MCGEOPHYSICAL.NO -…
  2. Q4 2013 RESULTS – 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. Q4 2013 RESULTS – Multiclient Geophysical Asa – slide 3
    Agenda Highlights - Tor kermoen CEO Operations Financials Summary & Outlook MULTICLIENT GEOPHYSICAL ASA 3
  4. Q4 2013 RESULTS – Multiclient Geophysical Asa – slide 4
    Fourth quarter and full-year 2013 highlights Q4-13 Q4-12 2013 2012 Amounts in USD million Revenue 2.45 5.52 12.69 33.92 EBITDA 0.85 3.89 5.72 28.44 EBIT -0.70 2.51 -1.24 18.16 EBIT margin -29% 46% -10% 54% Pre-tax profit -0.57…
  5. Q4 2013 RESULTS – Multiclient Geophysical Asa – slide 5
    Blocks in the public hearing for the 23rd licensing round Heavily focused on Barents South East and the Hoop area around Wisting - MCG expects little interest in its existing data for the 23rd round MCG strongly believes in the…
  6. Q4 2013 RESULTS – Multiclient Geophysical Asa – slide 6
    The Barents Sea Troms Basin MC2D survey Stappen High West MC2D survey First broadband processed survey for MCG Processing will be completed in first quarter 2014 Shows interesting structures and new geological play types…
  7. Q4 2013 RESULTS – Multiclient Geophysical Asa – slide 7
    Barbados Survey received another part sale in the fourth quarter - Still interest in MCGs MC2D survey Testing of pre-stack depth migration has been initiated Appointed Exploro AS to interpret and map the geological play types…
  8. Q4 2013 RESULTS – Multiclient Geophysical Asa – slide 8
    Asia Pacific MCGs data in the region is still receiving good interest from the oil companies Reprocessed data from Ceduna, Australia has experienced increased interest Expected announcements in Indonesia in the second quarter will…
  9. Q4 2013 RESULTS – Multiclient Geophysical Asa – slide 9
    Agenda Highlights Operations Financials - Renate Mrch CFO Summary & Outlook MULTICLIENT GEOPHYSICAL ASA 9
  10. Q4 2013 RESULTS – Multiclient Geophysical Asa – slide 10
    Key financials Quarterly revenue development Multi-client library development MULTICLIENT GEOPHYSICAL ASA 10
  11. Q4 2013 RESULTS – Multiclient Geophysical Asa – slide 11
    Income statement (USD 1000) Q4-13 Q4-12 Q/Q-% YTD 13 YTD 12 Y/Y-% Net operating revenue 2,446 5,523 -56 % 12,690 33,918 Depreciation and amortisation -1,549 -1,372 13% -6,963 -10,286 -32% Other operating expenses -1,598 -1,638 -2%…
  12. Q4 2013 RESULTS – Multiclient Geophysical Asa – slide 12
    Cash Flow Statement (USD 1000) Q4-13 Q4-12 YTD 13 YTD 12 Cash flow from operating activities Profit before income tax -573 2,689 -1,312 18,291 Adjustments: Income tax paid -1,786 -1,826 -5,024 -3,202 Depreciation and amortisation…
  13. Q4 2013 RESULTS – Multiclient Geophysical Asa – slide 13
    Balance Sheet key figures (USD 1000) 31.12.2013 31.12.2012 ASSETS Multi-client library increased by Non-current assets Multi-client library 26,543 15,629 USD 11 million in 2013 Property, plant and equipment 33 16 Deferred tax asset 184…
  14. Q4 2013 RESULTS – Multiclient Geophysical Asa – slide 14
    Investments per vintage Net book value in % of capital expenditure Investment per vintage Net book value in % of capital expenditure 25 19.9 19.6 20 Figures in USD millions 100% 75% 15 60% 10 35% 6.3 4.9 5…
  15. Q4 2013 RESULTS – Multiclient Geophysical Asa – slide 15
    Agenda Highlights Operations Financials Summary & Outlook - Tor kermoen CEO MULTICLIENT GEOPHYSICAL ASA 15
  16. Q4 2013 RESULTS – Multiclient Geophysical Asa – slide 16
    Summary and Outlook The Public Hearing of blocks for the 23rd licensing round heavily focused on Barents South East and the Hoop area around Wisting - MCG expects little interest in its existing data for the 23rd round MCG strongly…
  17. Q4 2013 RESULTS – Multiclient Geophysical Asa – slide 17
    Q&A ADDRESS: STASJONSVEIEN 18, 1375 BILLINGSTAD, NORWAY - WWW.MCGEOPHYSICAL.NO - MCGMCGEOPHYSICAL.NO - +47 66 98 41 10
  18. Q4 2013 RESULTS – Multiclient Geophysical Asa – slide 18
    MULTICLIENT GEOPHYSICAL ASA 18

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