ION Earnings Call Q2 2015 Earnings Call Presentation August 6, 2015
Corporate Participants and Contact Information BRIAN HANSON STEVE BATE President and Executive Vice President Chief Executive Officer and Chief Financial Officer CONTACT INFORMATION If you have technical problems during the…
ION Q2 15 Overview Q2 performance soft as expected; expect increased activity in 2H Ended Q2 with cash and cash equivalents of 117 million Continued focus on cash preservation and cost control, while maintaining core competencies…
ION Financial Overview Q2 15 Highlights Revenue M Op. Profit M Revenues down 70% Y/Y 150 10 4 0 Solutions down 64% 100 -10 -20 Software down 36% (41) 50 -30 Systems down 66% -40 - -50 Q2 14 Q2 15 Q2 14 Q2 15 No revenues…
ION Financial Overview 1H 15 Cash Flow SUMMARIZED CASH FLOW Thousands 1H 14 1H 15 Cash balance of 117M Cash from operations 53,785 (75,244) No borrowings under credit Working capital 22,953 52,749 facility since Q2 14…
Is this 1998 all over again Industry Response to Reserves/Replacement decline Organic Reserves 180% BasinSPANTM Replacement Organic reserve replacement ratio 160% Market Entry 140% Look-back at effects of 1998 120% Crash…
Summary Focus on production-related offerings Ocean Bottom Simultaneous Operations Continued focus on cash preservation Cold stacked OBS crew Strong focus on cost controls 8
Loading...
