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Q2 2014 RESULT – Multiclient Geophysical Asa

Multiclient Geophysical Asa · Aug 22, 2014 · 18 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. Q2 2014 RESULT – Multiclient Geophysical Asa – slide 1
    MultiClient Geophysical ASA Second quarter and first half 2014 CEO Tom Wolden and CFO Renate Mrch 22 August 2014 ADDRESS: STASJONSVEIEN 18, 1375 BILLINGSTAD, NORWAY - WWW.MCG.NO - MCGMCG.NO - +47 66 98 41 10
  2. Q2 2014 RESULT – 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. Q2 2014 RESULT – Multiclient Geophysical Asa – slide 3
    Second quarter 2014 highlights Started acquisition of new Super High USD million Q2-14 Q2-13 30.06.2014 30.06.2013 Revenue 2.07 5.87 2.07 9.28 Resolution MC2D survey in the Hoop area EBITDA 0.31 4.12 -1.43 5.13 Initiated…
  4. Q2 2014 RESULT – Multiclient Geophysical Asa – slide 4
    Agenda Highlights Operations Tom Wolden CEO Financials Summary & Outlook MULTICLIENT GEOPHYSICAL ASA 4
  5. Q2 2014 RESULT – Multiclient Geophysical Asa – slide 5
    The Barents Sea Super High Resolution MC2D survey in the Hoop area (MCG1401) - Acquired 1,100 km of 5,600 km per 30 June (20 percent) - Very promising results (the higlighted area to the right shows middle Jurassic reservoir…
  6. Q2 2014 RESULT – Multiclient Geophysical Asa – slide 6
    The Barents Sea Barents Well Tie in progress (MCG1402) Re-processing of existing Barents Well Tie data completed (MCG1102) - Acquired 2,300 km of 3,700 km per 30 June (62 percent) Processing of the Stappen High West - 3,500 km to be…
  7. Q2 2014 RESULT – Multiclient Geophysical Asa – slide 7
    Caribbean/Barbados Still interest and sale in MCGs MC2D survey Pre qualification terms and bidding process underway from the Ministry Depth migration project initiated in cooperation with a major MULTICLIENT GEOPHYSICAL ASA 7
  8. Q2 2014 RESULT – Multiclient Geophysical Asa – slide 8
    Asia Pacific MCGs Singapore branch has been focusing on presenting prospective surveys to potential prefunding candidates as well as marketing existing surveys Processes are taking longer time to complete than usual, however MCG is…
  9. Q2 2014 RESULT – Multiclient Geophysical Asa – slide 9
    Agenda Highlights Operations Financials - Renate Mrch CFO Summary & Outlook MULTICLIENT GEOPHYSICAL ASA 9
  10. Q2 2014 RESULT – Multiclient Geophysical Asa – slide 10
    Key financials Quarterly revenue development Multi-client library development MULTICLIENT GEOPHYSICAL ASA 10
  11. Q2 2014 RESULT – Multiclient Geophysical Asa – slide 11
    Income statement (USD 1000) Q2-14 Q2-13 Q/Q-% 30.06.2014 30.06.2013 Y/Y-% 2013 Net operating revenue 2,065 5,874 -65 % 2,065 9,278 -78 % 12,690 Depreciation and amortisation -1,606 -2,876 -44 % -2,099 -4,902 -57 % -6,963 Other…
  12. Q2 2014 RESULT – Multiclient Geophysical Asa – slide 12
    Cash Flow Statement (USD 1000) Q2-14 Q2-13 30.06.2014 30.06.2014 2013 Cash flow from operating activities Profit before income tax -1,362 902 -3,519 -49 -1,312 Adjustments: Income tax paid -2 7 -2 -3,238 -5,024 Depreciation and…
  13. Q2 2014 RESULT – Multiclient Geophysical Asa – slide 13
    Balance Sheet key figures (USD 1000) 30.06.2014 30.06.2013 31.12.2013 ASSETS Non-current assets Property, plant and equipment 38 33 33 Multi-client library 27,492 24,476 26,543 Deferred tax asset 862 288 184 Total non-current…
  14. Q2 2014 RESULT – Multiclient Geophysical Asa – slide 14
    Investments per vintage Net book value in % of capital expenditure 25 20.0 19.7 20 Figures in USD millions 15 70 % 60 % 10 40 % 6.3 33 % 4.9 5 3.0 2.7 100 % 100 % 100 % 98 % 0% 3% 25 % 0.5 20 % 0% 0% 0…
  15. Q2 2014 RESULT – Multiclient Geophysical Asa – slide 15
    Agenda Highlights Operations Financials Summary & Outlook - Tom Wolden CEO MULTICLIENT GEOPHYSICAL ASA 15
  16. Q2 2014 RESULT – Multiclient Geophysical Asa – slide 16
    Summary & Outlook MCG has initiated steps to strengthen the platform for future revenue generation - Acquiring two surveys addressing the 23rd round in the Barents Sea, with limited financial exposure - Targeting smaller independent…
  17. Q2 2014 RESULT – Multiclient Geophysical Asa – slide 17
    MCGs focus areas Barents Sea Norwegian Sea Oslo (HQ) Houston Caribbean South East Asia Singapore Indonesia NW Shelf The Australian Bight Current library Near term projects Long term focus areas Office locations…
  18. Q2 2014 RESULT – Multiclient Geophysical Asa – slide 18
    Q&A ADDRESS: STASJONSVEIEN 18, 1375 BILLINGSTAD, NORWAY - WWW.MCG.NO - MCGMCG.NO - +47 66 98 41 10

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