Our company in brief Polarcus Limited Ticker Oslo stock exchange PLCS Fleet of 7 high-end 3D seismic vessels 6 vessels operating globally in Contract and Multi-Client markets Shares issued, million 507.2 1 vessel on 5 year…
Outlook 2014 / 2015 Global market drivers: Lower oil price on demand slowdown Resultant pressure on margins across E&P Oilcos driving cost savings on exploration spend Seismic industry specific: Continued competitive landscape…
Initiatives to drive profitability Expanding global presence Driving Revenue Developing new revenue streams Cost management plan implemented in Q3-14 Optimizing profitability Operational efficiency initiatives accelerated…
Investing in future revenue streams Focus area Tactics Expanded global Expanding client-facing resources in the regional hubs footprint Streamlined centralized fleet support organization Cementing strategic Strategic partners…
Increased focus on cost management Focus area Tactics Saving Streamlined support structure reorganization Q3 Human capital cost Adjustment to compensation & benefits 2014-15 17m Insourcing of onboard processing geophysicists…
Industry leading assets Youngest and most uniform 3D fleet with specialized Arctic capabilities A-Class 12-14 streamers Industries highest ICE class N-Class Polarcus Naila upgraded in H1 14 12 streamers Equivalent capabilities to…
Integrated broadband processing solutions New service line launched Q4 2014: fast-track broadband processing revenue stream Managed and staffed by Polarcus geophysicists, powered by DUGs advanced processing software Delivering…
Arctic and Environmental strategies play out 60% of global High ICE-Class fleet operated by Polarcus in 2015 Demand for safe & efficient Arctic exploration will continue to increase Polarcus Explore Green driving awards in…
Multi-Client library Multi-Client library assets at end H1 Recently acquired, high quality broadband New Multi-Client Projects data library over prime exploration acreage Highly valuable shelf asset driving late 5m sales on…
Backlog Received contract tenders in USD million (As of mid-Oct) Backlog 330 million* mid-October 450 400 Booked capacity Q4 2014 90% 350 300 Booked capacity Q1 2015 - 70% 250 Booked capacity Q2 2015 - 40% 200 150…
Guidance for 2014 Full year EBITDA guidance USD 140-150 million Multi-client cash investments of USD 40 million Prefunding level of 60% expected Vessel related capital expenditure of USD 50 million USD 20 million relates to the…
Key takeaways Industry leading assets with ultra-wide spread capabilities Strong operational performance with low technical downtime Cost management initiatives implemented to improve profitability Polarcus - Imaging tomorrows…
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