Skip to main content Q2 2015 Results – Magseis Asa Investor Presentation | Shale Experts
Loading...
Pm

Q2 2015 Results – Magseis Asa

Magseis Asa · Aug 21, 2015 · 18 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 – Magseis Asa – slide 1
    Magseis ASA Second Quarter 2015 21 August 2015 1
  2. Q2 2015 Results – Magseis Asa – slide 2
    Content 1. Highlights 2. Operational update 3. Financials 4. Summary and Q&A 3
  3. Q2 2015 Results – Magseis Asa – slide 3
    This is Magseis Ticker MSEIS Industry leading ocean bottom seismic (OBS) company Shares outstanding 29,818,014 Start of operations Oct 2013 Market cap (NOKm) 520 One vessel in operations Book Equity Q1 15 (USDm) 64.9 75…
  4. Q2 2015 Results – Magseis Asa – slide 4
    Seabed seismic services Cable deployment ROV deployment Handling system Source: Magseis 5
  5. Q2 2015 Results – Magseis Asa – slide 5
    Products and systems Marine Autonomous Seismic System - MASS MASS I Generation 2 Deployed with cable MASS II Deployed with ROV MASS III Deployed with ROV Source: Magseis 6
  6. Q2 2015 Results – Magseis Asa – slide 6
    Key figures Q2 2015 Financial performance to date (2015) Revenue 22,3 Q2 revenues of USD 16.6 million USD mill. Revenues affected by slow start but significant improvements as survey 16,6 progressed EBITDA Best quarter to…
  7. Q2 2015 Results – Magseis Asa – slide 7
    Content 1. Highlights 2. Operational update 3. Financials 4. Summary and Q&A 8
  8. Q2 2015 Results – Magseis Asa – slide 8
    Q2 2015 operational milestones Full production on UK sector for Chevron 4D survey with demanding specification Slow start but significant improvement as survey progressed Client very pleased with high-quality dataset and…
  9. Q2 2015 Results – Magseis Asa – slide 9
    ROV operations successfully commercialized G2 long-life nodes deployed underneath infrastructure on the field Highly efficient operation and high-quality data recorded Production rate already in line or above best-in-class…
  10. Q2 2015 Results – Magseis Asa – slide 10
    Current back-log and leads Multi-client projects in the Barents Sea for remainder of season Ongoing tender in Middle East and SE Asia Further opportunities in Middle East, West Africa and SE Asia Several large projects planned…
  11. Q2 2015 Results – Magseis Asa – slide 11
    Expanding MC footprint in Barents Sea Building on the significant uplift in imaging Barents Sea achieved relative to streamer seismic on the Albatross/Snhvit and Gohta fields 3 separate MC projects comprising both 2D and 3D…
  12. Q2 2015 Results – Magseis Asa – slide 12
    Content 1. Highlights 2. Operational update 3. Financials 4. Summary and Q&A 14
  13. Q2 2015 Results – Magseis Asa – slide 13
    Comprehensive income Q2 2015 All figures in USD thousands Q2 15 Q2 14 YTD 15 YTD 14 Best quarter in Magseis history to date Revenue 16,595 16,415 22,321 30,268 Cost of sales 9,891 10,391 16,764 19,548 Revenue Research and development…
  14. Q2 2015 Results – Magseis Asa – slide 14
    Financial position Q2 2015 All figures in USD thousands 30-Jun-15 30-Jun-14 31-Dec-14 Equipment and intangibles 48,874 38,638 48,285 Cash and cash equivalents 11,814 31,556 21,591 Other current assets 18,539 12,381 12,145 Equipment…
  15. Q2 2015 Results – Magseis Asa – slide 15
    Cash flow YTD 2015 All figures in USD thousands YTD 15 YTD 14 EBITDA -326 4,867 Cash flow from operations Adjustment for non-cash items 51 686 High working capital adjustment due to Late payment from BGP Net w orking capital…
  16. Q2 2015 Results – Magseis Asa – slide 16
    Content 1. Highlights 2. Operational update 3. Market review 4. Financials 5. Summary and Q&A 18
  17. Q2 2015 Results – Magseis Asa – slide 17
    Our vision: Direct competition with high-end streamer Two vessel operation Example on the right illustrates how an OBS survey can compete directly with wide azimuth streamer surveys (WAZ) To achieve this we need: Crew sizes of…
  18. Q2 2015 Results – Magseis Asa – slide 18
    Questions Magseis ASA 20

From the store

Browse maps, data & reports in the Shale Experts store