ION Earnings Call Q1 2013 Earnings Call Presentation May 1, 2013
Earnings Call Introduction Corporate Participants & Contact Information BRIAN HANSON GREG HEINLEIN President and Senior Vice President and Chief Executive Officer Chief Financial Officer CONTACT INFORMATION If you have…
ION Q1 13 Highlights Solid Revenue Growth Revenues Millions Revenue up 16% Y/Y 140 Up 16% 120 Record first-quarter revenues for 100 GeoVentures and Data 80 Processing businesses 60 40 20 Overall results affected by 0…
ION GeoVentures Programs Record Q1 Revenue Well Positioned for 2013 ResSCAN Programs GeoVentures Q1 13 revenues up 47% Y/Y. BasinSPAN Marine Programs New ventures revenues up 67% Y/Y. BasinSPAN Land Programs Well positioned for…
GXT Data Processing Record First Quarter Led by International Expansion and New Technologies ION Data Processing Revenues Highest-ever first quarter revenues 35 of 31 million, up 16% Y/Y 30 25 Millions 20 EAME record quarter…
Land Seismic Staking a Claim in an Emerging Market Strong demand for reprocessing land data using AZIMTM Good traction with ResSCAN programs six complete or underway in three liquid rich shale plays Two commercial…
Marine Seismic Positioning ION to Leverage Seabed Growth Ocean Bottom Seismic showing strong growth and gaining market share versus towed streamer Millions JV positions ION to participate in growing seabed market; provides…
Summary Maintain positive growth outlook for balance of 2013 Multi-client business extremely well positioned for upcoming licensing rounds Increasing demand for WiBand processing Gaining traction with ResSCAN land programs…
Financial Overview Q1 13 Revenue 150 Solutions revenues of 89 million, up 125 35% Y/Y 100 Millions 75 50 Software revenues of 9 million, flat 25 in local currency Y/Y - Q1 12 Q1 13 Solutions Systems Software Systems…
Solutions Segment Financial Overview Q1 13 Revenue by Type DP & NV Revenue vs. Backlog 100 200 180 160 140 Down 8% Millions 120 80 100 80 60 40 60 20 0 Q109 Q209 Q309 Q409 Q110 Q210 Q310 Q410 Q111 Q211 Q311 Q411 Q112…
Software Segment Financial Overview Q1 13 Revenue by Type (GBP) Seismic Vessels by Software Type 6 4 25% 40% 8% Millions 2 27% - Orca Pre-Orca/Spectra Q1 12 Q1 13 Software Systems Services Gator Non-ION…
Systems Segment Financial Overview Q1 13 Revenue by Type 40 30 Millions 20 10 - Q1 12 Q1 13 Towed Streamer Equipment OBC Other Softness in towed streamer and land sensor product sales. Low margins not…
INOVA Geophysical Financial Overview 70 Revenues Q4 2012 In ION Q1 13 results 60 Revenues of 59.6 million with an operating 50 loss of (0.3) million Millions 40 Delivered 38,500 channels of G3i 30 Included 49 vibrators and…
Financial Overview Cash Flow SUMMARIZED CASH FLOW Thousands Q1 12 Q1 13 Cash from operations 32,125 19,336 Working capital 19,715 14,942 Multi-client investment (24,527) (13,270) PP&E Capital Expenditures (1,768) (3,969)…
Financial Overview Balance Sheet as of March 31, 2013 Capital Employed* Capital Book Value Q4 12 Q1 13 Q4 12 Q1 13 700 700 600 600 500 500 Millions Millions 400 400 230M 225M 300 300 200 200 100 100 0 61M…
Looking Forward Leveraging 2012 Momentum in 2013 Maintain positive growth outlook for 2013 Expect continued global expansion of Data Processing and Multi- client businesses ION to benefit from rise in exploration capex and…
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