Growth Through Game-changing Technology FIVE-YEAR STRATEGIC PLAN 2007 - 2011 1
Forward-looking Statement 2 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…
About The I/O Family of Companies A Leading Seismic Imaging Solutions Provider 3 Global Presence via 20 International Offices Founded in 1968 (NYSE: IO) Transformation started 2003 Focus on full-wave seismic Game-changing…
Desperate Age of Exploration 4 1 BOE found for every 2 BOE produced Shifting toward exploration Land more important 80% of reserves are on land Projected Global Oil Supply & Demand 120,000 IEA Forecast Thousands of barrels of…
Seismic Imaging Market 10 ( Billion) by 10 5 Annual Revenues New seismic vessels: by Sub-sector Towed streamer vessels currently in use ( Millions) as of end 2006: 97 12,000 CAGR = 8.8% Towed streamer vessels planned for 2007:…
Full-wave Imaging The Next Era in Seismic 6 Technology S-Curves in Seismology Full-wave Era Reservoir 2000s plumbing Lithology 2005 Fluid type Routine depth imaging 3D Era Reservoir 1970s structure Reservoir…
I/O Strategic Imperatives 7 Lead Full-wave era Systems Solutions Game-changing acquisition systems Technical solutions for the toughest problems
I/O Product Life Cycle Positioning 8 2006 - 2007 Spectra Vibrators Image-Driven Processing Geophones Streamer Products Multi Client & Library Gator FireFly Scorpion System Four Image Full Wave VS Ocean DigiRANGE II…
I/O Five-Year Plan Assumptions 9 Industry/Markets Oil prices remain in the 40 to 50 per barrel Demand continues to be a market driver with China and India putting pressure on supply Increased emphasis on technologies that bring…
I/O Five-Year Plan Assumptions 10 Operational Increased emphasis on internal productivity, including improvements in supply chain management and R&D, to lower costs and thus improve gross margins Continue to aggressively spend…
I/O Growth Engines 11 Revenues in Millions 1200 1000 GXT Library GXT ISS (Multi-client) 800 GXT Processing FireFly 600 Land/Base Business 400 Seabed Data Mgmt. System 200 Towed Streamer 0 2005 2011E
GXT Growth 12 Globalization of processing Expansion into Land Processing Expansion of ISS (Multi-client) Revenues in Millions 350 300 250 200 150 GXT Library GXT ISS (Multi-client) 100 GXT Processing 50 0 2005 2011E
Marine Growth 13 Towed Streamer DIGI Next-generation streamer Concept ORCA Seabed VSO Expanding market Revenues in Millions 350 300 250 200 Seabed 150 Data Mgmt Software 100 Towed Streamer 50 0 2005 2011E
Marine Growth VSO Game-changing Technology 14 Approximately 10% of marine market OBC Close the productivity gap: Goal: 1.2x
Land Growth 15 More competitive System Four FireFly Revenues in Millions 500 450 400 350 300 250 200 150 FireFly 100 50 Base Business 0 2005 2011E
FireFly Ecosystem Integrated Systems Approach 16 FireFly Ecosystem Integrated hardware, software and proprietary processing techniques provided by the I/O family of companies Real-time field Comprehensive Flexible survey Densely…
First Commercial Application of FireFly BPs Wamsutter Field in Wyoming 17 The Challenges at BPs Wamsutter Field BP America commits to a major infill drilling program that requires in excess of 1 billion of capital Subtle…
I/O Growth Strategy Summary 18 Revenues Millions Execution through: 1200 1,070 GXT ISS (Multi-client) 1000 Globalization of Processing 800 Next Generation Streamer Seabed Expansion 600 470 More Competitive 400 363 System…
Growth Through Game-changing Technology FIVE-YEAR STRATEGIC PLAN 2007 - 2011 19