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Q2 2015 Results – Multiclient Geophysical Asa

Multiclient Geophysical Asa · Aug 21, 2015 · 19 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. Q2 2015 Results – Multiclient Geophysical Asa – slide 1
    Presentation Q2 2015 MultiClient Geophysical ASA Tom Wolden (CEO) 21 August, 2015 MultiClient Geophysical www.mcg.no 1
  2. Q2 2015 Results – Multiclient Geophysical Asa – slide 2
    Highlights Financial Revenues of USD 1.4 million Earnings per share of USD -0.014 Operating cash flow of USD 0.8 million and net cash flow of USD 0.3 million Operational Mexico: Commenced 2D multi-client survey in July East…
  3. Q2 2015 Results – Multiclient Geophysical Asa – slide 3
    Agenda Highlights Operations Financials Outlook MultiClient Geophysical www.mcg.no 4
  4. Q2 2015 Results – Multiclient Geophysical Asa – slide 4
    Mexico industry-supported study commenced Commenced operations on the 31,600 km Maximus 2D Multi-Client survey end July The survey is supported by the oil industry Designed to cover the 5 year plan for licensing from CNH 3,000…
  5. Q2 2015 Results – Multiclient Geophysical Asa – slide 5
    East-coast USA Large data-set acquired MCG entered into an agreement with Polaris E&E Services Inc. to acquire their Post Stack Reprocessed Atlantic Margin seismic 2D data Transaction payment through revenue share of future sales…
  6. Q2 2015 Results – Multiclient Geophysical Asa – slide 6
    Barbados 2015 License Campaign Announced Announcement of Barbados 2015 Offshore Licensing Campaign in March Licensing round process and timeline: Opening for Evaluation and Pre-qualification Bid period bids negotiations 31st…
  7. Q2 2015 Results – Multiclient Geophysical Asa – slide 7
    Barbados upgraded data available The Pre-Stack Depth Migration of the survey was completed in August 6,737 km of modern data This survey is done in cooperation with the Barbados Ministry and will be tied directly to MCGs seismic…
  8. Q2 2015 Results – Multiclient Geophysical Asa – slide 8
    Norway positioned for current and future rounds MCG positioned in Hoop and Barents Southeast 5,620 km of super high resolution data in Hoop area available Covering 14 23rd License Round blocks 6,920 km of Well Tie data focusing on…
  9. Q2 2015 Results – Multiclient Geophysical Asa – slide 9
    Agenda Highlights Operations Financials Outlook MultiClient Geophysical www.mcg.no 10
  10. Q2 2015 Results – Multiclient Geophysical Asa – slide 10
    Key financials Revenue development 10 8 8,2 Figures in USD million 6 5,9 4 3,1 2 2,4 2,1 1,9 1,4 1,0 0,0 0 Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14 Q4-14 Q1-15 Q2-15 MultiClient Geophysical www.mcg.no 11
  11. Q2 2015 Results – Multiclient Geophysical Asa – slide 11
    Key financials Revenue breakdown 10 8 Figures in USD million 6 Americas 4 Asia Pacific Norway 2 0 Q2-13 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14 Q4-14 Q1-15 Q2-15 10 8 Figures in USD million 6 Late sales 4 Prefunding 2…
  12. Q2 2015 Results – Multiclient Geophysical Asa – slide 12
    Key financials Multi-client library development 30 27,6 27,8 27,5 26,5 26,3 25 21,5 20,8 19,2 20 Figures in USD million 15 10 5 2,8 3,6 2,0 0,5 0,2 2,7 1,0 0,1 0 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14 Q4-14 Q1-15 Q2-15…
  13. Q2 2015 Results – Multiclient Geophysical Asa – slide 13
    Income statement (USD 1,000) Q2-15 Q2-14 Q/Q-% YTD Q2-15 YTD Q2-14 Y/Y-% Year 2014 Net operating revenue 1 366 2 065 -34% 3 252 2 065 57% 13 396 Depreciation and amortisation -1 733 -1 606 8% -3 541 -2 099 69% -8 017 Impairment of…
  14. Q2 2015 Results – Multiclient Geophysical Asa – slide 14
    Cash Flow Statement (USD 1,000) Q2-15 Q2-14 YTD Q2-15 YTD Q2-14 Year 2014 Cash flow from operating activities Profit before income tax -1 704 -1 362 -3 463 -3 519 -6 621 Adjustments: - - - - - Income tax paid -3 -2 -3 -2 -5 Depreciation…
  15. Q2 2015 Results – Multiclient Geophysical Asa – slide 15
    Statement of Financial Position key figures (USD 1,000) 30.06.2015 30.06.2014 31.12.2014 ASSETS Non-current assets Property, plant and equipment 55 38 47 Multi-client library 19 178 27 492 21 533 Deferred tax asset 1 577 862 1 044 Total…
  16. Q2 2015 Results – Multiclient Geophysical Asa – slide 16
    Agenda Highlights Operations Financials Outlook MultiClient Geophysical www.mcg.no 17
  17. Q2 2015 Results – Multiclient Geophysical Asa – slide 17
    Outlook Seismic market continues to be impacted by a low oil price and budget cuts. Expected to last into 2016 MCG has already invested in areas expected to be a part of future license rounds; 2015 and future APA rounds and 24…
  18. Q2 2015 Results – Multiclient Geophysical Asa – slide 18
    Appendix MultiClient Geophysical MultiClient Geophysical ASA www.mcg.no 19
  19. Q2 2015 Results – Multiclient Geophysical Asa – slide 19
    Investments per vintage 25 20 15 Figures in USD million 10 46 % 40 % 60 % 5 20 % 56 % 20 % 0% 0% 10% 100 % 0 0% 0% 0% 27% 2009 2010 2011 2012 2013 2014 2015 WIP Capex Max allowed NBV (Year-end) NBV…

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