ION Q4 2020 Earnings Call Earnings Call Presentation February 11, 2021
Corporate Participants and Contact Information CHRIS USHER MIKE MORRISON President and Executive Vice President Chief Executive Officer and Chief Financial Officer CONTACT INFORMATION If you would like to view a replay of…
Forward-Looking Statements The information included herein contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results…
2020 Strategic Accomplishments Revenue (m) Delivered sequential improvement in Q4-20 revenue and earnings 30 27 Continued to benefit from refined strategy, cost cuts and digital approach 20 16 Made significant progress executing…
E&P Technology and Services FY-20 Highlights Anticipated lower new venture activity in 2020 due to COVID-19 Data library sales more resilient 50% of 2020 multi-client data sales were 2D in a tough year for exploration,…
Multi-client Subsurface Data Growth Engine Increase market share by providing new 3D data with higher earnings potential Marine Multi-client Market E&P Project Lifecycle ION 3% of 2.3b market, largely comprised of new 3D data…
Multi-client Subsurface Data Growth Engine Increase market share by providing new 3D data with higher earnings potential Only takes 1-2 3D new acquisition projects annually to double market share Program Type Collection Cost Return…
E&P Technology and Services FY-20 Highlights Increasing demand for Gemini source Imaging results drive repeat business Specified in a number of upcoming E&P tenders Earned accolades and repeat work for Deployed on proprietary project…
Operations Optimization FY-20 Highlights Closed 7 command and control contracts Leveraging technologies and core competencies to optimize decision-making in new markets Port and cargo transit optimization Offshore energy logistics…
Operations Optimization FY-20 Highlights Leveraging Core Competencies and Technologies to Enter New Markets Initial Focus: Energy Acoustics Monitoring offshore infrastructure in real Navigation time to reduce risks Telemetry…
Second Lien Notes Restructuring Transactions Update Executed debt restructuring agreement Supported by majority of bondholders Once complete, deal would extend maturity 4 years (Dec 2025) with lower interest rate (8%) and has a…
Capitalizing on our Strengths to Address Key Industry Needs Proud of strategic achievements and 30% cost structure reduction Entering 3D new Both business segments gaining traction diversifying into larger markets acquisition multi-…
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