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Earnings Call Q3 2014 – Ion Geophysical Corp

Ion Geophysical Corp · Nov 6, 2014 · 14 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. Earnings Call Q3 2014 – Ion Geophysical Corp – slide 1
    ION Earnings Call Q3 2014 Earnings Call Presentation November 6, 2014
  2. Earnings Call Q3 2014 – Ion Geophysical Corp – slide 2
    Corporate Participants and Contact Information BRIAN HANSON GREG HEINLEIN President and Senior Vice President and Chief Executive Officer Chief Financial Officer CONTACT INFORMATION If you have technical problems during the…
  3. Earnings Call Q3 2014 – Ion Geophysical Corp – slide 3
    ION Q3 2014 Results Revenue M Q3 revenues 107M, up 33% Y/Y 125 400 100 300 YTD Q3 revenues 373M, up 75 13%, primarily driven by 200 50 OceanGeo 25 100 0 0 Base revenues, operating Q3 13 Q3 14 YTD 13 YTD 14 margins and…
  4. Earnings Call Q3 2014 – Ion Geophysical Corp – slide 4
    ION Q3 14 Results Proactively managing through the downturn Reduced costs and exercising spending discipline Executing solutions strategy Focusing on cash flow Strong and well positioned for eventual New software solution for…
  5. Earnings Call Q3 2014 – Ion Geophysical Corp – slide 5
    ION Q3 14 Highlights Revenue M Op. Margin % Revenues up 33% Y/Y 120 5% Solutions up 6% 0% 80 -5% Software up 9% -5% 40 -10% Systems down 6% -15% -18% - -20% OceanGeo revenues from West Q3 13 Q3 14 Q3 13 Q3 14 Africa…
  6. Earnings Call Q3 2014 – Ion Geophysical Corp – slide 6
    Solutions Segment Financial Overview Q3 14 Revenue by Type M 50 Solutions segment revenues up 6% Y/Y: New Ventures up 54% 40 Data libraries down 37% 30 Data processing down 8% 20 10 Impacted by continued softness in -…
  7. Earnings Call Q3 2014 – Ion Geophysical Corp – slide 7
    Software Segment Financial Overview Q3 14 Revenue by Type M Software segment revenues up 12 9% Y/Y 10 8 6 Increased Orca and Gator 4 licensing revenues 2 - Q3 13 Q3 14 Increased R&D investment in Software Systems…
  8. Earnings Call Q3 2014 – Ion Geophysical Corp – slide 8
    Systems Segment Financial Overview Q3 14 Revenue by Type M Systems segment revenues down 30 6% Y/Y 20 Reduced sales of sensor geophone 10 strings - Q3 13 Q3 14 New marine positioning products Towed Streamer Equipment Other…
  9. Earnings Call Q3 2014 – Ion Geophysical Corp – slide 9
    Ocean Bottom Services Segment Financial Overview Q3 14 Q3 14 (M) Revenues of 25M on West Africa 30 project (to complete 4Q this year) 25 20 15 Operating profit of 2M, or 7% 10 operating margin 5 - Revenue Op. Profit…
  10. Earnings Call Q3 2014 – Ion Geophysical Corp – slide 10
    INOVA Geophysical Financial Overview Q3 14 Q2 Revenues M Q2 Op. Profit Q2 2014 In ION Q3 14 Results 70 4 2 Revenues of 11M, net loss of 60 0 (11M) 50 -2 40 -4 Impacted by soft land seismic 30 -6 market 20 -8 Significantly…
  11. Earnings Call Q3 2014 – Ion Geophysical Corp – slide 11
    Financial Overview Cash Flow SUMMARIZED CASH FLOW Thousands YTD Sep-13 YTD Sep-14 Cash from operations 35,733 59,483 Working capital 42,782 27,493 Multi-client investment (86,346) (57,340) PP&E Capital Expenditures (13,539)…
  12. Earnings Call Q3 2014 – Ion Geophysical Corp – slide 12
    Summary Proactively managing through the downturn Focusing on cash Exercising spending discipline Continuing to diversify portfolio throughout E&P lifecycle 13
  13. Earnings Call Q3 2014 – Ion Geophysical Corp – slide 13
    Q&A 14
  14. Earnings Call Q3 2014 – Ion Geophysical Corp – slide 14
    15

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