ION Earnings Call Q4 2010 Earnings Call Presentation February 17, 2011
Earnings Call Introduction Corporate Participants & Contact Information BOB PEEBLER BRIAN HANSON ION Geophysical Corporation ION Geophysical Corporation CEO CFO CONTACT INFORMATION If you have technical problems during the…
Positive Signs of Recovery Q4 2010 ION BasinSPAN Programs [4]
2010 Highlights Successful launch of the INOVA joint venture Winning and shipping the 12 Streamer BGP order Another record year for our data processing business Completing significant Arctic multi-client projects A remarkable…
Financial Overview Q4 2010 Achieved our goal of returning to profitability in 2010 with full year diluted EPS of 0.16 on net income of 23 million (excluding special items). Revenues of 159 million for the quarter with year-to-date…
Financial Overview Year-to-Date Revenue Comparison Including Legacy Land Systems Excluding Legacy Land Systems 500 500 400 400 300 300 Millions Millions 200 200 100 100 - - YTD 2009 YTD 2010 YTD 2009 YTD…
Solutions Segment Financial Overview Revenue by Type Multi-client CapEx Investment 300 120 280 100 Millions 260 80 240 220 60 200 40 180 20 Millions 160 140 - 120 2009 2010 2011 100 Actual Investment Forecasted…
Software Segment Financial Overview Revenue by Type (GBP) % of Seismic Vessels with Orca 26 24 22 20 35% 18 16 63% 14 Millions 12 2% 10 8 Orca-Permanent Orca-Rental Other 6 Orca Vessel Conversion 4 2 - YTD 2009…
Systems Segment Financial Overview Revenue by Type 140 120 100 Millions 80 60 40 20 - YTD 2009 YTD 2010 Towed Streamer Equipment OBC Other [ 11 ]
Financial Overview One-Time Adjustments in Q4 In addition to the first quarter special charges associated with the formation of the land joint venture with BGP and the debt refinancing, results for 2010 include three special items…
Financial Overview Balance Sheet as of December 31, 2010 Capital Employed Financing 600 600 500 500 400 400 Millions Millions 300 113M 300 200 200 100 100 90M 103M 0 0 Cash Remaining Working Capital LT Debt Other…
Financial Overview Liquidity & LT Debt as of December 31, 2010 Liquidity of 190M LT Debt of 103M 3% 53% 47% 97% Undrawn Revolver Cash Term Loan Facility & Equipment Leases Revolver and Term A both mature in March 2015…
Financial Overview Cash Flow Year Ended December 31, SUMMARIZED CASH FLOW STATEMENT 2010 2009 Cash from operations 181,490 43,949 Working capital (48,050) 9,005 Multi-client investment (64,426) (89,635) PP&E Capital…
Financial Overview Share Count Trend Common Stock Outstanding by Quarter (in millions) 160 Fletcher Preferred Stock Conversion (9.7M shares) 150 BGP equity in ION (23.8M shares) 140 130 Private Placement (18.5M shares) 120…
INOVA Geophysical Financial Overview Q409 vs Q410 Forecasted Revenues 50 Estimated Q4 revenues of 45 to 47 million with 45 operating loss of 2 to 4 million and net loss of 3 40 to 5 million* 35 Four consecutive quarters of…
INOVA Geophysical General Market Observations Velocity of contractor activity picking up, year-over-year increase in equipment quotation levels observed. Increased North America shale focused seismic activity, contractors still…
INOVA Geophysical Operational Highlights Terraseis acquired 13,000 channels of ARIES II and 39,000 SM-24XL Sensor geophone strings. Third consecutive quarter of increased BGP purchases totaling 15 million for Q4. INOVA Geophysical…
Financial Overview ION Financial Guidelines for 2011 While we are not providing earnings guidance, we are providing guidelines on certain items for 2011: We anticipate investment in our customer-underwritten, multi-client new venture…
Investor Education Center Visit our IEC at www.iongeo.com to learn more [ 21 ]
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