From Vision to Reality Building a 21st Century Reservoir Imaging Company Presented at the Lehman Brothers Investor Day By Bob Peebler (President and CEO) December 6, 2007 Houston, Texas USA
Forward-looking Statement All presentations today 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…
Formulating our Vision for Growth Key Beliefs Underpinning our Strategy (Circa 2003) The E&P industry is entering a long up-cycle Access a growing problem Supply-demand imbalance will result in higher oil and gas prices A changing…
Business Increasingly International 4 Location of Discoveries 100 MMBOE Source: CERA [4]
Seismic Imaging Market 5 Ten (Billion) by 10 Annual Revenues by Sub-sector ( Millions) 12,000 CAGR = 8.8% Processing 10,000 Land equipment Land acquisition 8,000 Marine equipment CAGR = 6.0% Seabed acquisition 6,000…
Our Strategy Approach the business as a portfolio of three segments Mature businesses: benefit from the rising tide Fixer-uppers: gain market share with new products/positioning Game-changers: transform their segments (the largest…
Enabling Our Strategy Key Actions Since 2004 Acquired GX Technology (GXT) and Concept Systems (2004) Invested as a corporate VC in Transform Software (2005) Develop a next-generation workstation for interpreting full-wave data…
Financial Results and Business Mix Since the Inception of Our New Strategy in 2003 Consolidated Revenues Mix of Business by Segment ( Millions) (Percentage of 2006 Revenues) 700 100% = 504 million 600 500 Annual Growth Rate = 43%…
A View on OFSE Cycles Technology-intensive Providers Benefit in Long Up-Cycles [9]
R&D and Revenue Changes (2003-06) Building Long-Term Earnings Power US (Millions) R&D Revenues 40 38 Million 600 506 Million 35 500 14% 30 400 17% 25 68% +147% 20 Million 20 300 51% 15 200 68% 150 Million 10 10% -16%…
ION Growth Engines Revenues in Millions 1200 Seismic Imaging Solutions 1000 Land Marine 800 600 400 200 0 2006 2011E Gross margin 29.3% 35 - 37% Operating margin 6.8% 15 - 18% Revenues projected to double Operating income…
The Third Era of Seismic Imaging Digital, Full-wave Technology S-curves in Seismology Full-wave Era 2007 3D Era 2000s 1970s 2D Era Characteristics of the Full-wave Era Anticipated Results Measurement of both P- and…
At the Core of Full-wave Imaging VectorSeis Digital Sensors From silicon wafer to field-ready sensor (for both land & seabed applications) Gold plated silicon wafer ASIC 3 sensor packages VectorSeis (Si-flex MEMS accelerometer)…
A Portfolio of VectorSeis Platforms Enabling Full-wave Imaging Onshore and Offshore Full-wave Onshore Full-wave Offshore Cableless Cable-based Redeployable Permanent seabed seabed [ 14 ]
Full-Wave Moving Into Early Mainstream Market Full-wave Imaging Delineates Gas-Bearing Channel Sand P-wave image Full-wave image Channel Sands Difficult to Identify Channel Sands Clearly Visible [ 15 ]
Full-Wave Moving Into Early Mainstream Market Full-wave Imaging Delineates Sand from Shale Shear Impedance Shear Impedance Shale Sand Full Wave Compared to P-Wave for Lithological Delineation She a r data m R ecorded Si fro…
Pushing the Envelope in Land Processing (Fractured) Reservoir Characterization & Well Optimization Shale & Coal Sand [ 17 ]
Full-Wave Moving Into Early Mainstream Market Full-wave Imaging Identifies Fracture Zones Note presence of Same lithology fractures in No fractures producing zone No production New well location [ 18 ]
Full-wave Gets Results in China Imaging Project Identifies Most Productive Well in Province Excerpts from Press Release Local Chinese Newspaper GAS DRAGON RISING FROM THE DEPTHS OF THE WESTERN SICHUAN BASIN Best well in the…
Summary We believe we are in a long cycle where technology will become the main driver of profitability Since 2003, ION has repositioned its strategy and portfolio to capitalize on these trends We have benefited from the rising…
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