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New York II Emerging Growth Institutional Investor Forum – Ion Geophysical Corp

Ion Geophysical Corp · Nov 15, 2010 · 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. New York II Emerging Growth Institutional Investor Forum – Ion Geophysical Corp – slide 1
    ION and the Seismic Sector Positioned for the Upcoming Exploration Cycle Sidoti & Company, LLC New York II Emerging Growth Institutional Investor Forum Brian Hanson - CFO November 15-16, 2010
  2. New York II Emerging Growth Institutional Investor Forum – 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. New York II Emerging Growth Institutional Investor Forum – 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. New York II Emerging Growth Institutional Investor Forum – 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. New York II Emerging Growth Institutional Investor Forum – Ion Geophysical Corp – slide 5
    Seismic vs. E&P vs. IONs Served Market A 15-17 Billion Annual (Revenue) Industry, A 5-6 Billion Annual Market 440 B 15-17 B Exploration 16% 12% Data Library Sales…
  6. New York II Emerging Growth Institutional Investor Forum – Ion Geophysical Corp – slide 6
    Revenue Distribution by Product/Service Line Nine Months Ending 30-September 2010 100% = 286 Million Legacy Land 17M Software YOY Growth 13% 27M Data Processing YOY Growth 37% New Venture 80M YOY Growth 3% 62M Solutions…
  7. New York II Emerging Growth Institutional Investor Forum – Ion Geophysical Corp – slide 7
    ION History New Strategy Introduced in 2003 250.0 18.00 ARAM Acquisition Lehman 16.00 Collapse 200.0 14.00 REVENUE Stock Price Revenue (millions) Average Stock JV with BGP Return to 12.00 Price Announced…
  8. New York II Emerging Growth Institutional Investor Forum – 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. New York II Emerging Growth Institutional Investor Forum – 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. New York II Emerging Growth Institutional Investor Forum – 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. New York II Emerging Growth Institutional Investor Forum – 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. New York II Emerging Growth Institutional Investor Forum – 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. New York II Emerging Growth Institutional Investor Forum – 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. New York II Emerging Growth Institutional Investor Forum – 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. New York II Emerging Growth Institutional Investor Forum – 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. New York II Emerging Growth Institutional Investor Forum – 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. New York II Emerging Growth Institutional Investor Forum – Ion Geophysical Corp – slide 17
    FireFly Operations Coyula - Urban Acquisition [ 17 ]
  18. New York II Emerging Growth Institutional Investor Forum – Ion Geophysical Corp – slide 18
    Marcellus Shale Appalachia Krause 3D Apr-May 2010 [ 18 ]
  19. New York II Emerging Growth Institutional Investor Forum – Ion Geophysical Corp – slide 19
    Base Camp in Pennsylvania [ 19 ]
  20. New York II Emerging Growth Institutional Investor Forum – 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. New York II Emerging Growth Institutional Investor Forum – 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. New York II Emerging Growth Institutional Investor Forum – Ion Geophysical Corp – slide 22
    [ 22 ]
  23. New York II Emerging Growth Institutional Investor Forum – Ion Geophysical Corp – slide 23
    Appendix: Financial Information Selected Financial Highlights [ 23 ]
  24. New York II Emerging Growth Institutional Investor Forum – Ion Geophysical Corp – slide 24
    Financial Overview Q3 2010 Revenues of 122 million for the quarter with year-to-date revenues of 286 million compared to 299 million for the prior period Multi-client revenues improve from 8 million in the second quarter to 59…
  25. New York II Emerging Growth Institutional Investor Forum – 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 - - 2009 2010 2009 2010…
  26. New York II Emerging Growth Institutional Investor Forum – Ion Geophysical Corp – slide 26
    Solutions Segment Financial Overview Revenue by Type Multi-client CapEx Investment 180 100 80 160 Millions 60 140 40 120 20 100 Millions - 80 2009 2010 60 Actual Investment Forecasted Investment 40 Solutions…
  27. New York II Emerging Growth Institutional Investor Forum – Ion Geophysical Corp – slide 27
    Software Segment Financial Overview Revenue by Type (GBP) % of Seismic Vessels with Orca 20 18 16 35% 14 12 65% Millions 10 8 6 Orca Other 4 Orca Vessel Conversion 2 - YTD 2009 YTD 2010 2010 2009 44 Software…
  28. New York II Emerging Growth Institutional Investor Forum – Ion Geophysical Corp – slide 28
    Systems Segment Financial Overview Revenue by Type 100 90 80 70 Millions 60 50 40 30 20 10 - YTD 2009 YTD 2010 Towed Streamer Equipment OBC Other [ 28 ]
  29. New York II Emerging Growth Institutional Investor Forum – 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. New York II Emerging Growth Institutional Investor Forum – Ion Geophysical Corp – slide 30
    Financial Overview Balance Sheet as of September 30, 2010 Capital Employed Financing 500 500 450 450 400 400 350 350 Millions Millions 300 300 250 139M 250 200 200 150 150 100 100 50 50 104M 0 0 Working Capital…
  31. New York II Emerging Growth Institutional Investor Forum – Ion Geophysical Corp – slide 31
    Financial Overview Liquidity & LT Debt as of September 30, 2010 Liquidity of 116M LT Debt of 104M 14% 3% 86% 97% Undrawn Revolver Outstanding Cash Term Loan Facility & Equipment Leases Revolver and Term A both mature in…
  32. New York II Emerging Growth Institutional Investor Forum – Ion Geophysical Corp – slide 32
    Financial Overview Cash Flow Nine Months Ended September 30, SUMMARIZED CASH FLOW STATEMENT 2010 2009 Cash from operations 87,081 33,345 Working capital (29,848) 19,418 Multi-client investment (58,866) (75,149) Other…
  33. New York II Emerging Growth Institutional Investor Forum – Ion Geophysical Corp – slide 33
    INOVA Geophysical Financial Overview Q309 vs Q310 Forecasted Revenues 30 25 20 Estimated Q310 Results for INOVA* Revenues: 27 to 29 million Millions 15 Operating Loss: 9 to 11 million Net Loss: 10 to 12 million 10…
  34. New York II Emerging Growth Institutional Investor Forum – Ion Geophysical Corp – slide 34
    Investor Education Center Visit our Investor Education Center at www.iongeo.com to learn more [ 34 ]
  35. New York II Emerging Growth Institutional Investor Forum – Ion Geophysical Corp – slide 35
    Q&A Session [ 35 ]

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