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Q3 2015 Presentation – Multiclient Geophysical Asa

Multiclient Geophysical Asa · Nov 26, 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. Q3 2015 Presentation – Multiclient Geophysical Asa – slide 1
    Presentation Q3 2015 MultiClient Geophysical ASA Tom Wolden (CEO) & Anders Engelsen (CFO) 26 November, 2015 MultiClient Geophysical www.mcg.no 1
  2. Q3 2015 Presentation – Multiclient Geophysical Asa – slide 2
    Highlights Q3 2015 Financial Revenues of USD 2.1 million Impairment charge of USD 1.7 million related to the continued low oil price environment and low expectations for E&P spending Net income of USD -3.8 million Operational…
  3. Q3 2015 Presentation – Multiclient Geophysical Asa – slide 3
    Agenda Highlights Operations Financials Outlook MultiClient Geophysical www.mcg.no 4
  4. Q3 2015 Presentation – Multiclient Geophysical Asa – slide 4
    Operations Regional Split up Barents Sea 51,700 km Norwegian Sea 4,900 km Barbados 6,800 km Indonesia 14,600 km Philippines 5,700 km (Reprocessed data) Australia 34,400 km (Reprocessed data) Alaska 8,300 km (Vintage data) Offshore USA…
  5. Q3 2015 Presentation – Multiclient Geophysical Asa – slide 5
    Mexico industry-supported survey well underway Commenced operations on the 34,650 km Maximus 2D Multi-Client survey end July 40% completed as of mid November. Core area to be completed by year end, in time for first deep-water…
  6. Q3 2015 Presentation – Multiclient Geophysical Asa – slide 6
    Barbados upgraded data available for 2015 campaign 2015 Barbados License Campaign ongoing Blocks available Bid campaign close end 2015 Awards by June 2016 Interest might be affected by low oil price The Pre-Stack Depth Migration of…
  7. Q3 2015 Presentation – Multiclient Geophysical Asa – slide 7
    Norway positioned for current and future rounds Initiated reprocessing of 32,500 km of existing MCG data in Western Barents Sea Ready for next APA and 24th round nominations 23rd License round deadline 2nd December 2015 Proposal to…
  8. Q3 2015 Presentation – Multiclient Geophysical Asa – slide 8
    Agenda Highlights Operations Financials Outlook MultiClient Geophysical www.mcg.no 9
  9. Q3 2015 Presentation – Multiclient Geophysical Asa – slide 9
    Profit sharing agreement with Geoex International in Mexico MCG operates, manages and commercializes the data in Mexico Geoex will finance 50% of the project in return for 50% of the profit / loss Covers planning and operational…
  10. Q3 2015 Presentation – Multiclient Geophysical Asa – slide 10
    Quarterly revenue development 9 8 8.2 7 FIGURES IN USD MILLION 6 5 4 3 3.1 2 2.4 2.1 1.9 2.1 1 1.4 1.0 0.0 0 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 MultiClient Geophysical www.mcg.no 11
  11. Q3 2015 Presentation – Multiclient Geophysical Asa – slide 11
    Revenue breakdown 9 9 By geography By revenue type 8 8 7 7 6 6 5 5 4 4 3 3 2 2 1 1 0 0 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14 Q4-14 Q1-15 Q2-15 Q3-15 Norway Asia PacificAmericas…
  12. Q3 2015 Presentation – Multiclient Geophysical Asa – slide 12
    Multi-client library development 30 27.6 27.5 27.8 26.5 26.3 25 21.5 20.8 FIGURES IN USD MILLION 19.2 19.3 20 15 10 3.6 4.6 5 2.8 2.7 2.0 0.5 1.0 0.2 0.1 0 Q3-13 Q4-13 Q1-14 Q2-14 Q3-14 Q4-14 Q1-15 Q2-15 Q3-15…
  13. Q3 2015 Presentation – Multiclient Geophysical Asa – slide 13
    Investments, sales and NBV per vintage 40 35 FIGURES IN USD MILLION 30 25 20 15 10 5 0 2009 2010 2011 2012 2013 2014 2015 Capex Sales NBV MultiClient Geophysical www.mcg.no 14
  14. Q3 2015 Presentation – Multiclient Geophysical Asa – slide 14
    Income statement (USD 1000) Q3-15 Q3-14 2014 Total operating revenue 2 065 3 115 13 396 Depreciation and amortisation (2 870) (1659) (8 017) Impairment of Multi-client library (1 690) - (4 749) Other operating expenses (1,684)…
  15. Q3 2015 Presentation – Multiclient Geophysical Asa – slide 15
    Cash Flow Statement (USD 1000) Q3-15 Q3-14 2014 Cash flow from operating activities Profit / (loss) before income tax (4 196) (313) (6 621) Adjustments: Income tax paid (1) (1) (5) Depreciation and amortisation 2 870 1 659 8 017…
  16. Q3 2015 Presentation – Multiclient Geophysical Asa – slide 16
    Balance sheet key figures (USD 1000) Q3-15 Q3-14 2014 ASSETS Non-current assets Property, plant and equipment 52 34 47 Multi-client library 19 274 27 792 21 533 Deferred tax asset 1 920 707 1 044 Total non-current assets 21 246 28…
  17. Q3 2015 Presentation – Multiclient Geophysical Asa – slide 17
    Agenda Highlights Operations Financials Outlook MultiClient Geophysical www.mcg.no 18
  18. Q3 2015 Presentation – Multiclient Geophysical Asa – slide 18
    Outlook Seismic market continues to be impacted by a low oil price and budget cuts Focus on upcoming license rounds in core areas Data ready for active and upcoming license rounds; APA and 24th Licensing Round in Western Barents Sea…

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