EMGS ASA PARETO SECURITIES OIL & OFFSHORE CONFERENCE 2011 CEO, Roar Bekker Holmenkollen Park Hotel Rica , 31 August 2011
OVERVIEW Technology and market leader Pioneered the marine EM industry Unparalleled experience Worlds leading EM experts Full suite of services Growing EM market Q2 results at an all-time high Substantial Petrobras contract…
HIGHLIGHTS Q2 Record financial results Revenues and revenues per vessel month (USD Million) Revenues of USD 47.6 million 60,00 7,0 50,00 6,0 EBITDA of USD 16.5 million 5,0 40,00 Net income of USD 3.7 million 30,00 4,0 3,0 Solid…
SUBSTANTIAL PETROBRAS CONTRACT Second largest EM contract USD 90 million Approximately one year Portfolio de-risking Frontier and mature basins Large-scale adoption Provides a strong foothold Brazilian market of major strategic…
BUILDING ON MULTI-CLIENT SUCCESSES Four discoveries in the Barents Sea confirmed by EM: Goliat, Snhvit, Skrugard and Norvarg Financial success to date: close to 3 x return on investment Additional late sales potential from extensive 3D…
VESSEL ACTIVITY AND BACKLOG Q2 2011 Q3 2011 Q4 2011 Q1 2012 Apr May June July Aug Sep Oct Nov Dec Jan Feb Mar BOA Thalassa Mexico, PEMEX BOA Galatea Mozambique Steaming Red Sea Steaming/yard stay Brazil, Petrobras Atlantic…
ACQUISITION OF OHM OHM OHM Surveys Holding AS (OHM) is a marine EM acquisition company Provides 2D and 3D Controlled Source Electromagnetic (CSEM) and Magneto- telluric (MT) surveys The transaction in brief Stock-for-stock…
FLEXIBLE CHARTER HIRE AGREEMENT (80%) Supports low-risk vessel growth strategy EMGS vessel strategy No standby costs; pay-per-use Under-capacity Forecasted 3-,6- or 12-month charters demand Length of agreement: 42 months (OHM…
EMGS STRATEGY TOWARDS 2015 Build the EM market and retain 1 position through technology leadership Expand application window Accelerate customer Increase customer Broaden scope adoption penetration Build confidence in…
EM MARKET 2015 USDm 500 USDm 100 2010 Market Increased Technology Broaden 2015 growth adoption and development scope penetration
SUMMARY A growing EM market Accelerated adoption by a broader range of customers EM integrated in the E&P workflow EMGS is uniquely positioned Industry-leading technology and product range Strong balance sheet High barriers to…
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