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4th Annual Johnson Rice and Company Energy Conference – Ion Geophysical Corp

Ion Geophysical Corp · Oct 3, 2012 · 26 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. 4th Annual Johnson Rice and Company Energy Conference – Ion Geophysical Corp – slide 1
    ION Geophysical Corporation 4th Annual Johnson Rice & Company Energy Conference Greg Heinlein, SVP & Chief Financial Officer October 3, 2012
  2. 4th Annual Johnson Rice and Company Energy Conference – Ion Geophysical Corp – slide 2
    Todays Discussion Company Overview ION Strategy Market Observations Q2 2012 Performance by Segment Summary 3
  3. 4th Annual Johnson Rice and Company Energy Conference – Ion Geophysical Corp – slide 3
    Company Overview 4
  4. 4th Annual Johnson Rice and Company Energy Conference – Ion Geophysical Corp – slide 4
    ION at a Glance Technology company, driven to develop and apply proven, innovative technologies and services to help our clients find and produce hydrocarbons as safely and efficiently as possible Founded in 1968 as Input/Output…
  5. 4th Annual Johnson Rice and Company Energy Conference – Ion Geophysical Corp – slide 5
    Global Footprint Headquarters Data Processing Centers Sales and Service Centers ResSCAN Programs BasinSPAN Programs 6
  6. 4th Annual Johnson Rice and Company Energy Conference – Ion Geophysical Corp – slide 6
    Seismic vs. E&P vs. IONs Served Market A 16-19 Billion Annual (Revenue) Industry, A 5-6.5 Billion Annual Market 600 B 16-19 B Exploration 16% 12% Data Library Sales…
  7. 4th Annual Johnson Rice and Company Energy Conference – Ion Geophysical Corp – slide 7
    ION Strategy 8
  8. 4th Annual Johnson Rice and Company Energy Conference – Ion Geophysical Corp – slide 8
    ION Strategy Planning Acquisition Processing Interpretation Technology History of Asset light Participate in company Innovation each stage of Bring the whole of Cableless Focus our capital the geophysical ION to bear to solve…
  9. 4th Annual Johnson Rice and Company Energy Conference – Ion Geophysical Corp – slide 9
    ION Strategy Bringing the Whole of ION to Solve Industry Problems Planning Acquisition Processing Interpretation CHALLENGING ENVIRONMENTS: ARCTIC EXPLORATION Full-scope Project Management Survey planning and design, acquisition,…
  10. 4th Annual Johnson Rice and Company Energy Conference – Ion Geophysical Corp – slide 10
    Areas of Expertise Challenging Complex Unconventional Basin Environments Geologies Reservoirs Exploration Arctic, Shallow/ Subsalt, Sub Shales, Tight Gas, BasinSPAN Data Obstructed Water, Basalt, Thrust Belt and Oil Sands…
  11. 4th Annual Johnson Rice and Company Energy Conference – Ion Geophysical Corp – slide 11
    Our Offerings Seismic Data Processing & Integrated Geophysical Seismic Data Libraries Reservoir Imaging Services Programs Survey Design Software Marine Seismic Land Seismic Equipment & Services Equipment 12
  12. 4th Annual Johnson Rice and Company Energy Conference – Ion Geophysical Corp – slide 12
    Market Observations 13
  13. 4th Annual Johnson Rice and Company Energy Conference – Ion Geophysical Corp – slide 13
    Global Market Outlook Oil and Natural Gas Prices Expect oil prices to remain in the 80 Expect depressed natural gas prices - 100 range, supporting continued to cause shift to liquids in North frontier exploration in challenging…
  14. 4th Annual Johnson Rice and Company Energy Conference – Ion Geophysical Corp – slide 14
    Market Observations Marine Seismic Towed Streamer market Seabed Acquisition tightening Services Expenditure 900 Good growth in Seabed 800 market 700 600 Launched Calypso Millions 500 seabed acquisition 400 system in Q2…
  15. 4th Annual Johnson Rice and Company Energy Conference – Ion Geophysical Corp – slide 15
    Market Observations Data Processing Fifth sequential quarterly improvement in ION DP revenues International demand up Europe, Africa, Middle East Conventional Image Continued rebalancing of our portfolio beyond Gulf of Mexico…
  16. 4th Annual Johnson Rice and Company Energy Conference – Ion Geophysical Corp – slide 16
    Market Observations GeoVentures ResSCAN Programs BasinSPAN Programs Continued rise in international exploration Africa, Latin America, Australia and the Arctic. Solid performance -- revenues, operating profits, margins.…
  17. 4th Annual Johnson Rice and Company Energy Conference – Ion Geophysical Corp – slide 17
    Q2 2012 Performance by Segment 18
  18. 4th Annual Johnson Rice and Company Energy Conference – Ion Geophysical Corp – slide 18
    Revenue Distribution by Segment Q2 2012 105.2 Million YOY Growth 19% Software YOY Growth 3% New Venture 10.4M YOY Growth 120% Data 21.5M Processing YOY Growth 37% 28.2M Solutions YOY Growth 47% 72.0M Systems Data…
  19. 4th Annual Johnson Rice and Company Energy Conference – Ion Geophysical Corp – slide 19
    Financial Overview Revenues by Segment 180 Solutions revenues of 160 72 million, up 47% Y/Y 140 Software revenues of 120 10 million, up 6% in Millions 100 local currency Y/Y 80 Systems revenues of 60 23 million, down 23%…
  20. 4th Annual Johnson Rice and Company Energy Conference – Ion Geophysical Corp – slide 20
    Solutions Segment Financial Overview Revenue by Type Multi-client Investments 90 160 H 150M 140 130M 80 120 Millions 100 70 80 60 60 Millions 40 50 20 - 40 2010 2011 2012 30 Solutions Backlog 20 Q2 12…
  21. 4th Annual Johnson Rice and Company Energy Conference – Ion Geophysical Corp – slide 21
    Software Segment Financial Overview Revenue by Type (GBP) % of Seismic Vessels 7 with Orca 6 5 Millions 4 41% 3 59% 2 1 0 Q2 11 Q3 11 Q4 11 Q1 12 Q2 12 ION's Orca - Permanent Software Systems Services ION's…
  22. 4th Annual Johnson Rice and Company Energy Conference – Ion Geophysical Corp – slide 22
    Systems Segment Financial Overview Orca Command & Control Concept GPS Software, Revenue by Type Coordinates GPS and Array 80 DigiSHOT: Air Gun, Source & Source Control 70 DigiFIN: Lateral Control 60 Millions 50…
  23. 4th Annual Johnson Rice and Company Energy Conference – Ion Geophysical Corp – slide 23
    INOVA Geophysical Financial Overview Q1 2012 Revenues 70 Revenues of 56.8 million with operating income of 8.9 million** 60 Delivered 15,000 channels of G3i 50 Delivered first 3 UniVib units Significant number of Vibrator…
  24. 4th Annual Johnson Rice and Company Energy Conference – Ion Geophysical Corp – slide 24
    Summary 25
  25. 4th Annual Johnson Rice and Company Energy Conference – Ion Geophysical Corp – slide 25
    Continued Momentum in Q2 Industry remains robust International activity particularly strong Strong first half 2012 for ION Expect solid Y/Y growth throughout 2012 Continue to anticipate 2012 multi- client investment in 130 -…
  26. 4th Annual Johnson Rice and Company Energy Conference – Ion Geophysical Corp – slide 26
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