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Investor Presentation – Ion Geophysical Corp

Ion Geophysical Corp · May 31, 2011 · 35 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. Investor Presentation – Ion Geophysical Corp – slide 1
    ION and the Seismic Sector Positioned for the Upcoming Exploration Cycle Spring 2011 Bob Peebler President and CEO ION Geophysical Corporation
  2. Investor Presentation – Ion Geophysical Corp – slide 2
    Forward-looking Statement Todays presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements as to expectations,…
  3. Investor Presentation – Ion Geophysical Corp – slide 3
    An Overview of ION Business: Advanced geophysical hardware, software, imaging services, and data libraries across the seismic workflow for both Land and Marine Mission: To solve the most challenging geophysical imaging problems…
  4. Investor Presentation – Ion Geophysical Corp – slide 4
    IONs Long Term Strategy Solving the Most Complex Reservoir Imaging Problems A leader in geophysical imaging technology and services that aims at solving the toughest problems Balanced portfolio from early adopter technology for…
  5. Investor Presentation – Ion Geophysical Corp – slide 5
    Seismic vs. E&P vs. IONs Served Market A 16-19 Billion Annual (Revenue) Industry, A 5-6.5 Billion Annual Market 490 B 16-19 B Exploration 16% 12% Data Library Sales…
  6. Investor Presentation – Ion Geophysical Corp – slide 6
    Revenue Distribution by Product/Service Line Quarter Ending 31-March 2011 100% = 90.5 Million Software YOY Growth 9% 9M New Venture YOY Growth 202% Solutions 22M YOY Growth 20% 58M Data Processing YOY Decline (15%)…
  7. Investor Presentation – Ion Geophysical Corp – slide 7
    ION History New Strategy Introduced in 2003 ARAM 250.0 18.00 Acquisition Stock Price as of Lehman 5/2/2011 16.00 Collapse Return to 200.0 Revenue (in Millions of USD) Profitability 14.00 Revenue Stock Price…
  8. Investor Presentation – Ion Geophysical Corp – slide 8
    The Strategy of the Joint Venture Leverage the R&D of ION and Operational Expertise of BGP R&D centers will remain primarily in the U.S. and Canada with much of the manufacturing moving to China to reduce costs Field test new…
  9. Investor Presentation – Ion Geophysical Corp – slide 9
    Macro Energy Themes Oil Segment Relatively strong oil prices due to Asia demand Future tighter supplies due to slow down in deep water GOM Deep water still major theme (80+ percent outside of GOM) Frontiers in Brazil, Arctic, West…
  10. Investor Presentation – Ion Geophysical Corp – slide 10
    Five Drivers of Future Growth Assumptions 2010 healing period for seismic Oil prices 70-90/bbl for 2011 and likely increasing in out years Gas Prices 4-6/MCF for plan period Slow growth economy but no double dip recession Asia and…
  11. Investor Presentation – Ion Geophysical Corp – slide 11
    IONs Solutions Approach Bringing the Whole of ION to Solve Oil Company Problems Breaking Arctic Barriers Overcoming Land Acquisition Challenges in Mexico Challenging Terrain in the Marcellus Shale [ 11 ]
  12. Investor Presentation – Ion Geophysical Corp – slide 12
    The Arctic: A Promising Frontier High Potential in the Region Estimates place 25% of all remaining undiscovered reserves in the Arctic Source: USGS, World Petroleum Assessment [ 12 ]
  13. Investor Presentation – Ion Geophysical Corp – slide 13
    IONs Integrated [IA] Arctic Solution Hardware, Software and Expertise Integrated Seismic Solutions (ISS) Marine Imaging Systems DigiSTREAMERTM Arctic Operational Experience Ice management Continuous recording Project execution Solid…
  14. Investor Presentation – Ion Geophysical Corp – slide 14
    2009 NE GreenlandSPAN Accomplishments Successfully Acquired Towed Streamer Data in 10/10ths Ice 9/10ths Ice 10/10ths Ice [ 14 ]
  15. Investor Presentation – Ion Geophysical Corp – slide 15
    Pemex and FireFly 4 Projects Using Comesa as Contractor Coyula 3D July-Aug 2009 Tepetate 2D Tesechoacan 3D Feb-Mar 2010 Oct-Dec 2009 Chopo Sur 3D May-June 2009 [ 15 ]
  16. Investor Presentation – Ion Geophysical Corp – slide 16
    FireFly Operations Comesa Chopo Sur, Mexico Start: May 2009 8000 FireFly stations 297 sq km 3849 sources 11767 receivers Completed [ 16 ]
  17. Investor Presentation – Ion Geophysical Corp – slide 17
    FireFly Operations Coyula - Urban Acquisition [ 17 ]
  18. Investor Presentation – Ion Geophysical Corp – slide 18
    Marcellus Shale Appalachia Krause 3D Apr-May 2010 [ 18 ]
  19. Investor Presentation – Ion Geophysical Corp – slide 19
    Base Camp in Pennsylvania [ 19 ]
  20. Investor Presentation – Ion Geophysical Corp – slide 20
    Challenging Terrain in Appalachia Marcellus Shale Gas - Appalachia Farms and forest, multiple road crossings and farm/wild-life pose a challenge to cable crews in terms of productivity. FireFly was deployed in April 2010 on a…
  21. Investor Presentation – Ion Geophysical Corp – slide 21
    Summary ION survived the 2008-09 market collapse Restructured balance sheet Strategic JV in land equipment Maintained the majority of R&D Continued to invest in strategic data library projects ION has a unique asset light…
  22. Investor Presentation – Ion Geophysical Corp – slide 22
    [ 22 ]
  23. Investor Presentation – Ion Geophysical Corp – slide 23
    Appendix: Financial Information Selected Financial Highlights [ 23 ]
  24. Investor Presentation – Ion Geophysical Corp – slide 24
    Financial Overview Q1 2011 Solid first quarter performance delivering break-even results. Revenues of 91 million for the first quarter compared to 89 million for the prior period. Excluding Legacy Land Systems (INOVA), revenues…
  25. Investor Presentation – Ion Geophysical Corp – slide 25
    Financial Overview Trailing Twelve Month (TTM) Revenue Comparison Including Legacy Land Systems Excluding Legacy Land Systems 500 500 400 400 300 300 Millions Millions 200 200 100 100 - - 2010 2011 2010 2011…
  26. Investor Presentation – Ion Geophysical Corp – slide 26
    Solutions Segment Q1 2011 Financial Overview Revenue by Type Multi-client CapEx Investment 70 140 120 Millions 60 100 80 50 60 40 40 20 Millions - 30 2009 2010 2011 Actual Investment Minimum Forecasted 20…
  27. Investor Presentation – Ion Geophysical Corp – slide 27
    Software Segment Q1 2011 Financial Overview Revenue by Type (GBP) % of Seismic Vessels with Orca 6 5 37% 4 63% Millions 3 2 Orca-Permanent Other Orca Vessel Conversion 1 - YTD 2010 YTD 2011 2010 2011 44* 44…
  28. Investor Presentation – Ion Geophysical Corp – slide 28
    Systems Segment Q1 2011 Financial Overview Revenue by Type 30 25 20 Millions 15 10 5 - YTD 2010 YTD 2011 Towed Streamer Equipment OBC Other [ 28 ]
  29. Investor Presentation – Ion Geophysical Corp – slide 29
    Systems Segment Vessel Count & Streamer Length Segmented by Survey Type 140 8000 128 122 120 118 7000 106 28 33 43 6000 97 100 83 19 25 5000 21 Vessel Count 80 21 Kilometers 18 18 22 17 22 4000 60 13 20 23 19 24…
  30. Investor Presentation – Ion Geophysical Corp – slide 30
    Financial Overview Balance Sheet as of March 31, 2011 Capital Employed Financing 600 600 500 500 400 400 Millions Millions 300 101M 300 200 200 100 100 138M 101M 0 0 Cash & ST Investments Remaining Working…
  31. Investor Presentation – Ion Geophysical Corp – slide 31
    Financial Overview Liquidity & LT Debt as of March 31, 2011 Liquidity of 238M LT Debt of 101M 3% 42% 58% 97% Undrawn Revolver Cash & ST Investments Term Loan Facility & Equipment Leases Revolver and Term A both mature…
  32. Investor Presentation – Ion Geophysical Corp – slide 32
    Financial Overview Cash Flow Three Months Ended March 31, SUMMARIZED CASH FLOW 2011 2010 Cash from operations 28,964 5,232 Working capital 23,162 20,565 Multi-client investment (11,907) (5,215) PP&E Capital Expenditures…
  33. Investor Presentation – Ion Geophysical Corp – slide 33
    INOVA Geophysical Q1 2011 Financial Overview Q110 vs Q111 Forecasted Revenues 35 Estimated Q1 revenues of 30 to 33 million with 30 operating loss of 7 to 9 million and net loss of 8 to 10 million.* 25 Approximately double…
  34. Investor Presentation – Ion Geophysical Corp – slide 34
    Investor Education Center Visit our IEC at www.iongeo.com to learn more [ 34 ]
  35. Investor Presentation – Ion Geophysical Corp – slide 35
    Q&A Session [ 35 ]

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