1. Company Overview The Leading Pure-play Land & Transition Zone Seismic Company in Russia & the CIS Leading pure-play land and transition zone seismic Shareholder Structure as of December 31, 2014 company servicing clients primarily…
1. Company Overview The Leading Pure-play Land & Transition Zone Seismic Company in Russia & the CIS Equipment and human resources (2) The largest seismic business in Russia (1) 58 seismic crews Bases and data processing facilities…
1. Company Overview Geographic Footprint as of 31 December 2014 Key Hydrocarbon Provinces Timano-Pechora Operational Bases / Production Facilities Field Seismic Crews 11 Operational Bases 8 DPI Facilities 58 South Russia YaNAD…
1. Company Overview Diversified and Blue Chip Customer Base Key Clients Diversified customer base Strong relationships with all key customers for seismic services including local NOCs, IOCs, international consortia and state…
2. FY 2014 Highlights Important Events February AGM Approved Changes in the Board of September Directors Composition 2014 2014 In June the Annual General Meeting (AGM) approved Buyout Completed, IGSS Announced Change in amendments…
2. FY 2014 Highlights and Financial Results Key Financial Results Revenue Gross Profit RUR MM RUR MM and as % of Revenue 25 000 6 000 18,920 19,340 19,589 4,146 3,860 20 000 18,113 3,690 21% 20% 4 000 2,746 20% 15 000 15% 10 000 2…
2. FY 2014 Highlights and Financial Results Order Book Overview Seismic Order Book as of 1 March 2013, 2014 and 2015 * RUR MM As of March 1, 2015, the Companys seismic services +14% -13% order book amounted to RUR 26.8 bln, of which…
2. FY 2014 Highlights and Financial Results Revenue Analysis Revenue by geographical areas RUR MM Revenue increased by RUR 249 mln, or 1.3% in the year ended Revenue Russia Revenue Kazakhstan 31 December 2014 and amounted to RUR…
2. FY 2014 Highlights and Financial Results Cost Analysis 2014 Revenue to Operating Profit Bridge Cost of Sales RUR MM RUR MM (15,729) 15,729 20 000 19,589 174 846 487 Other 15 000 2,330 Operating Lease 2,498 Transportation…
2. FY 2014 Highlights and Financial Results EBITDA to Net Profit Bridge 2014 EBITDA to Net Income Bridge RUR MM 5 000 4,449 (2,804) 4 000 3 000 (4) 332 (1,768) 2 000 1,645 1 000 205 (2,615) (2,410) 0 -1 000 -2 000 -3 000 Adj. EBITDA…
2. FY 2014 Highlights and Financial Results Operating Cash Flow to Free Cash Flow Bridge Capital Expenditures: 2014 Operating Cash Flow to Free Cash Flow Bridge RUR MM The combined capital expenditures were Financing activities:…
2. FY 2014 Highlights and Financial Results Debt Analysis Debt Maturity Schedule RUR MM IGSS committed to conservative financial policy Breakdown by currency Largely RUB denominated debt, to match cash flows 10 000 8,447 USD 6%…
3. Russian Seismic Market Overview (1/7) Russias Oil Reserves, Consumption and Production Russia is the second largest crude oil producer after Top-10 Countries by Oil Production 000 bpd Saudi Arabia. Russia in the eighth in the…
3. Russian Seismic Market Overview (2/7) Historical Dynamics of Oil Production and Oil Reserves in Russia Oil production in Russia in 2014 increased by 0.7% Dynamics of Oil Production in Russia compared to the previous year and…
3. Russian Seismic Market Overview (3/7) Russian Oil Reserves Life and Availability of Deposits Reserves Replacement and Availability of Oil Reserves Life: Russia vs. Key Regions of the World Hydrocarbon Deposits Years…
3. Russian Seismic Market Overview (4/7) Maintaining Production Key Priority for Russian Government Maintaining or growing production at the rates envisaged by the Russian Energy Strategy will require exploration and development of…
3. Russian Seismic Market Overview (5/7) Oil Extraction Increasingly Complex Oil extraction becoming more complex with only 31% of Russian recoverable reserves characterized as conventional Vast majority of Russian production comes…
3. Russian Seismic Market Overview (6/7) Growing Market Key Market Trends Forecast Growth in Russian Seismic Market MM shot points Strong demand outlook both in greenfield and 1 Total seismic 6 3D land brownfield 2D land Total…
3. Russian Seismic Market Overview (7/7) Strong Demand Growth for High Tech / High Density Surveys Strong growth in 3D activity in recent years as producers Upside to Global Market Standards seek to optimise development and production…
Corporate Governance - Board of Directors Cumulative voting 4 experienced Independent Directors Sergey Generalov Boris Aleshin BOD Committees Chairman, Non-executive Director Independent Non-Executive Director Holds position of…
Appendix B: Detailed Financials for 12 months period ended 31 December 2014 (audited) 28 www.igseis.com
IG Seismic Service Plc Consolidated Statement of Profit and Loss Adjusted EBIT and adjusted EBITDA Calculation For year ended For year ended 000 RUB 2014 2013 000 RUB 2014 2013 audited audited Loss for the year as reported…
IG Seismic Service Plc Consolidated Statement of Financial Position At 31 December 2014 At 31 December 2013 000 RUB audited audited Assets Non-current assets Property, plant and equipment 14,647,197 15,212,832 Goodwill 3,760,082…
IG Seismic Service Plc Consolidated Statement of Cash Flows 2014 2013 audited audited Cash flows from operating activities (Loss)/profit before tax (2,326,039) 123,953 Adjustments for: Depreciation and amortization 2,586,226 2,231,844…
Appendix C: Changes in Shareholder Structure 32 www.igseis.com
Changes in Shareholder Structure Shareholder Structure November 2013 In November 2013 Nyala Investments Limited (formerly Volga Resources), sold its 13% stake in IGSS Free float Nikolay Levitskiy to Industrial Investors Group,…
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