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Q1 2015 EARNINGS CALL – Multiclient Geophysical Asa

Multiclient Geophysical Asa · May 22, 2015 · 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. Q1 2015 EARNINGS CALL – Multiclient Geophysical Asa – slide 1
    Presentation Q1 2015 MultiClient Geophysical ASA Tom Wolden (CEO) and Renate Mrch (CFO) 22 May, 2015 MultiClient Geophysical www.mcg.no 1
  2. Q1 2015 EARNINGS CALL – Multiclient Geophysical Asa – slide 2
    Highlights Net revenues of USD 1.89 million Operational cash flow of USD 5.17 million Announcement of Barbados 2015 Offshore Licensing Campaign Acquisition and processing of two MC2D projects in Indonesia finalised MCG finalised…
  3. Q1 2015 EARNINGS CALL – Multiclient Geophysical Asa – slide 3
    Agenda Highlights Operations Tom Wolden (CEO) Financials Outlook MultiClient Geophysical www.mcg.no 4
  4. Q1 2015 EARNINGS CALL – Multiclient Geophysical Asa – slide 4
    Barbados 2015 License Campaign Announced Announcement of Barbados 2015 Offshore Licensing Campaign Licensing round process and timeline: Opening for Evaluation and Pre-qualification Bid period bids negotiations 31st April 16th…
  5. Q1 2015 EARNINGS CALL – Multiclient Geophysical Asa – slide 5
    Barbados MCG is well positioned MCG is well positioned for the 2015 license campaign 6,837 km of new modern seismic data Preparing for next license campaign with the Ministry MultiClient Geophysical www.mcg.no 6
  6. Q1 2015 EARNINGS CALL – Multiclient Geophysical Asa – slide 6
    Asia Pacific Two surveys in Indonesia completed ahead of schedule and below budget Lombok MC2D, 1,652 km Sulawesi MC2D, 1,000 km Both surveys have more than 100% prefunding INDONESIA Lombok MC2D SULAWESI LOMBOK MultiClient…
  7. Q1 2015 EARNINGS CALL – Multiclient Geophysical Asa – slide 7
    Norway Announcement of the 23rd licensing round Deadline 2nd December 2015 MCG positioned in Hoop and Barents Southeast 5,620 km of super high resolution data in Hoop area available Covering 14 license round blocks 6,920 km of Well…
  8. Q1 2015 EARNINGS CALL – Multiclient Geophysical Asa – slide 8
    USA East Coast East Coast USA MCG entered into a seismic broker agreement for 86,000 km 2D data on the east coast of USA 50/50 project with Polaris E&E Services, Inc. of Houston MultiClient Geophysical www.mcg.no 9
  9. Q1 2015 EARNINGS CALL – Multiclient Geophysical Asa – slide 9
    Agenda Highlights Operations Financials Renate Mrch CFO Outlook MultiClient Geophysical www.mcg.no 10
  10. Q1 2015 EARNINGS CALL – Multiclient Geophysical Asa – slide 10
    Key financials Revenue development 9 8 8.2 7 Figures in USD million 6 5.9 5 4 3 3.4 3.1 2 2.4 2.1 1.9 1 1.0 0.0 0 Q1-13 Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14 Q4-14 Q1-15 MultiClient Geophysical www.mcg.no 11
  11. Q1 2015 EARNINGS CALL – Multiclient Geophysical Asa – slide 11
    Key financials Revenue breakdown 10 Figures in USD million 8 6 Americas 4 Asia Pacific Norway 2 0 Q1-13 Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14 Q4-14 Q1-15 10 Figures in USD million 8 6 Late sales 4 Prefunding 2…
  12. Q1 2015 EARNINGS CALL – Multiclient Geophysical Asa – slide 12
    Key financials Multi-client library development 30 27.8 27.6 27.5 26.5 26.3 24.5 25 21.5 20.8 20.2 20 Figures in USD million 15 10 5 6.6 7.2 3.6 1.0 0.5 0.2 2.8 2.0 2.7 0 Q1-13 Q2-13 Q3-13 Q4-13 Q1-14 Q2-14…
  13. Q1 2015 EARNINGS CALL – Multiclient Geophysical Asa – slide 13
    Income statement (USD 1,000) Q1-15 Q1-14 Q/Q-% 2014 Net operating revenue 1 886 - 13 396 Depreciation and amortisation -1 809 -494 266 % -8 017 Impairment of Multi-client library - - - -4 749 Other operating expenses -1 606 -1 743 -8 %…
  14. Q1 2015 EARNINGS CALL – Multiclient Geophysical Asa – slide 14
    Cash Flow Statement (USD 1,000) Q1-15 Q1-14 2014 Cash flow from operating activities Profit before income tax -1 759 -2 157 -6 621 Adjustments: Income tax paid - - -5 Depreciation and amortisation 1 809 494 8 017 Impairment of…
  15. Q1 2015 EARNINGS CALL – Multiclient Geophysical Asa – slide 15
    Statement of Financial Position key figures (USD 1,000) 31.03.2015 31.03.2014 31.12.2014 ASSETS Non-current assets Property, plant and equipment 59 39 47 Multi-client library 20 779 26 262 21 533 Deferred tax asset 1 077 656 1 044 Total…
  16. Q1 2015 EARNINGS CALL – Multiclient Geophysical Asa – slide 16
    Investments per vintage Net book value in % of capital expenditure 25 20 15 Figures in USD million 10 49 % 40 % 60 % 5 60 % 22 % 20 % 0% 0% 15% 100 % 100 % 0 0% 0% 0% 92% 20 % 2009 2010 2011 2012 2013 2014 2015…
  17. Q1 2015 EARNINGS CALL – Multiclient Geophysical Asa – slide 17
    Agenda Highlights Operations Financials Outlook Tom Wolden (CEO) MultiClient Geophysical www.mcg.no 18
  18. Q1 2015 EARNINGS CALL – Multiclient Geophysical Asa – slide 18
    Outlook 2015 Seismic market still strongly influenced by volatile oil price and capital discipline amongst the oil companies. Expect to continue into 2016 Reduced vessel rates and available capacity Several potential new projects…

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