SECOND QUARTER 2015 RESULTS. Oslo, 20 August 2015 CEO Bjarte Bruheim, CFO Svein Knudsen
Geoservices ASA undertakes no obligation to publicly update or revise any forward-looking information or statements in the Report.
Geoservices ASA undertakes no obligation to publicly update or revise any forward-looking information or statements in the Report.
(EMGS) and its subsidiaries. These expectations, estimates and projections are generally identifiable by statements containing words such as expects, believes, estimates or similar expressions. Important factors that could cause actual…
Geoservices ASA undertakes no obligation to publicly update or revise any forward-looking information or statements in the Report.
Market and outlook
Current market situation Order book as of 30 June After close of quarter Challenging market - Contract negotiations delayed - Catious spending from oil companies affects EM demand - Low visibility in some regions - Market outlook…
Contract opportunities and projects for 2H 2015 Norway: - MC library performing well - 23rd licensing round, close Dec - Annual APA round, close Sept Canada: - Data available for sale, licensing round in November - No further MC…
Strategic multi-client library hubs Canada Norway 2,500 sq.km 60,000 sq.km USD 9 million invested USD 75 million invested USD 1.4 million sold USD 194 million sold Customer potential: 10-20 Customer potential: 30-40 US GoM 10,400…
Summary and outlook Increasingly exposed to the challenging market in Q2, resulting in lower utilisation and contract volumes Still, good progress on adoption with high interest from oil companies and authorities Multi-client…
Questions
Appendix
Income statement USD million Quarter ending Half year ending Year ending 30.06.2015 30.06.2014 30.06.2015 30.06.2014 31.12.2014 Contract sales 4.8 35.5 26.9 82.0 137.2 Multi-client sales 7.3 7.0 17.4 21.9 60.8 Total revenues 12.1 42.5…
Financial position USD million ASSETS 30.06.2015 31.03.2015 31.12.2014 Goodwill - 14.4 14.4 Deferred tax asset 3.0 3.0 3.0 Multi-client library 51.2 40.1 33.8 Other intangible assets 4.6 3.0 3.2 Property, plant and equipment 14.3 16.8…
Cash flow USD million Quarter ending Half year ending 30.06.2015 30.06.2014 30.06.2015 30.06.2014 Net cash flow from operating activities 18.4 10.7 46.6 10.1 Net cash flow from investing activities (17.1) (17.1) (31.7) (26.8) Net…
Largest shareholders as of 19 August Shareholder Shares Holding 1 SIEM INVESTMENTS INC 22,926,866 11.48 2 PERESTROIKA AS 18,889,449 9.46 3 Morgan Stanley & Co. MS & CO LLC MSCO CLI 18,576,200 9.30 4 ODIN OFFSHORE 9,651,299 4.83 5…
Vessel charters BOA Thalassa BOA Galatea Atlantic Guardian EM Leader Firm Charter December 2015 July 2016 December 2017 December 2016 Options 3 x 1 year 2 x 1 year North Sea Shipping Vessel owner BOA Offshore BOA Offshore…
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