Investor Presentation • Feb 5, 2015
Investor Presentation
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Oslo, 5 February 2015,CEO Bjarte Bruheim and CFO Svein Knudsen
This quarterly presentation includes and is based, inter alia, on forward-looking information and statements that are subject to risks and uncertainties that could cause actual results to differ. Such forward-looking information andstatements are based on current expectations, estimates and projections about global economic conditions, the economic conditions of the regions and industries that are major markets for Electromagnetic Geoservices ASA(EMGS) and its subsidiaries. These expectations, estimates and projections are generally identifiable by statements containing words such as "expects", "believes", "estimates" or similar expressions. Important factors that couldcause actual results to differ materially from those expectations include, among others, economic and market conditions in the geographic areas and industries that are or will be major markets for the EMGS' businesses, oil prices, market acceptance of new products and services, changes in governmental regulations, interest rates, fluctuations in currency exchange rates and such other factors as may be discussed from time to time. AlthoughElectromagnetic Geoservices ASA believes that its expectations and the information in this Report were based uponreasonable assumptions at the time when they were made, it can give no assurance that those expectations will be achieved or that the actual results will be as set out in this Report. Electromagnetic Geoservices ASA nor any other company within the EMGS Group is making any representation or warranty, expressed or implied, as to the accuracy, reliability or completeness of the information in the Report, and neither Electromagnetic Geoservices ASA, any other company within the EMGS Group nor any of their directors, officers or employees will have any liability to you or any other persons resulting from your use of the information in the Report. Electromagnetic Geoservices ASA undertakes no obligation to publicly update or revise any forward-looking information or statements in the Report.
| in Am 1, 0 0 0 U S D ts ou n |
2 0 1 1 |
2 0 2 1 |
2 0 3 1 |
2 0 1 4 |
S U M |
|---|---|---|---|---|---|
| C t t o n r a c r e v e n u e |
1 6 2 9 0 4 |
1 7 6 1 1 8 |
1 1 1 2 8 4 |
1 3 7 2 2 2 |
5 8 7 5 2 8 |
| M C R e v e n u e |
9 5 1 0 |
2 4 7 1 3 |
3 3 3 1 4 |
6 0 8 0 1 |
1 2 8 3 3 8 |
| N R t e e v e n u e |
1 2 4 1 4 7 |
2 0 0 8 3 1 |
1 4 4 9 8 5 |
1 9 8 0 2 3 |
1 8 6 6 7 5 |
| f O i i t t p e r a n g p r o |
2 1 3 9 5 |
2 9 2 2 4 |
1 2 2 8 5 - |
3 0 1 2 8 |
|
| N I t e n c o m e |
1 0 1 5 3 |
1 1 8 9 5 |
1 5 0 9 5 - |
2 7 8 8 6 |
|
| h E i P S in a r n n g s e r a r e, 1. 0 0 U S D |
0, 0 6 |
0, 0 6 |
0, 0 8 - |
0. 1 4 |
|
| E B I T D A |
4 1 8 3 3 |
5 5 8 5 3 |
1 7 5 4 7 |
6 1 0 1 7 |
|
| d d f j C E B I T D A A M t u s e o r |
3 9 3 6 5 |
3 8 4 5 4 |
0 9 -1 4 5 |
3 2 6 1 1 |
|
| b k l M C L i i i t r a r y n s q u a r e o m e e r |
2 9 9 9 9 |
4 4 4 2 9 |
6 0 5 7 9 |
7 6 3 9 4 |
|
| b l h l C i S M L B t r a r y a a n c e e e v a u e |
1 6 5 7 |
1 1 2 6 4 |
2 8 1 0 8 |
3 3 8 7 5 |
Sales organisation strengthened and tailored to meet exploration needs
Revenuesand revenues/costs per vessel month (USD Million)
Contract: USD 176 millionMulti-client: USD 25 million
2013: USD 145 million
Contract: USD 111 millionMulti-client: USD 33 million
Contract: USD 137 millionMulti-client: USD 60 million
Arbitrary seismic profile from Wisting and the surrounding area
Appendix
| l l U S D m i ion |
Qu d ing art er en |
l l Fu d ing y ea r en |
||
|---|---|---|---|---|
| 3 1. 1 2. 2 0 14 |
3 1. 1 2. 2 0 1 3 |
3 1. 1 2. 2 0 14 |
3 1. 1 2. 2 0 1 3 |
|
| les Co ntr act sa |
25 .5 |
4 0. 1 |
1 3 7. 2 |
1 1 1. 3 |
| lt l les Mu i-c ien t s a |
27 0 |
4. 8 |
6 0. 8 |
3 3. 3 |
| l re To ta ve nu es |
5 2. 5 |
4 4. 9 |
1 9 8. 0 |
14 4. 6 |
| ha h ire fue l a d c C rte r n rew ex p en ses , |
15 8 |
2 0. 3 |
6 1. 3 |
5 1. 2 |
| loy Em p ee ex p en ses |
1 2.7 |
1 2. 9 |
2 5 5. |
4. 3 5 |
| he Ot ing t r op era ex p en ses |
5. 4 |
5. 1 |
2 0. 5 |
2 1.5 |
| EB ITD A |
1 8. 6 |
6. 5 |
6 1. 0 |
17 5 |
| d o d De iat ion ina isa ion ort t p rec an r ry am |
3. 9 |
4. 3 |
1 6. 3 |
17 .5 |
| lt l d Mu i-c ien isa ion im irm t a rt t t mo an p a en |
5. 0 |
1. 1 |
14 6 |
1 2. 3 |
| EB IT |
9. 7 |
1. 1 |
3 0. 1 |
( ) 1 2. 3 |
| f Ne ina ia l ite t nc ms |
5. 4 |
0. 3 |
3. 1 |
( ) 0. 9 |
| / f ( los ) be fo Pro it tax s re |
15 2 |
1. 4 |
3 3. 2 |
( ) 1 3. 2 |
| Inc tax om e ex p en se |
0. 1 |
0. 1 |
5. 3 |
1. 9 |
| / f it ( los ) Ne t p ro s |
15 1 |
1. 3 |
27 9 |
( ) 15 1 |
| illio US D m n |
iod Per |
din en g |
|---|---|---|
| ASS ETS |
31. 12. 201 4 |
31. 12. 201 3 |
| Go odw ill |
14. 4 |
14. 4 |
| Def ed tax set err as |
3.0 | 3.2 |
| lti-c lien t li bra Mu ry |
33. 8 |
28. 1 |
| Oth ible inta ets er ng ass |
3.2 | 3.4 |
| lan d e Pro ipm ty, t an ent per p qu |
19. 2 |
27. 7 |
| der tio Ass ets nst un co ruc n |
31. 2 |
19. 2 |
| Fin ial ets anc ass |
4.8 | - |
| al n Tot t as set on- cur ren s |
109 .6 |
96. 0 |
| de abl Tra eiv rec es |
65. 5 |
31. 5 |
| Oth t ets er cur ren ass |
33. 6 |
30. 1 |
| h a nd h e iva len Cas ts cas qu |
25. 2 |
55. 3 |
| tric ted h Res cas |
1.4 | 1.2 |
| Tot al c ent ets urr ass |
125 .7 |
118 .2 |
| TO TA L A SSE TS |
235 .3 |
214 .2 |
| EQ UIT Y A ND LIA BIL ITIE S |
||
| al e ity Tot qu |
128 .2 |
102 .2 |
| al n liab iliti Tot t on- cur ren es |
60. 2 |
67. 3 |
| Tra de abl pay es |
13. 4 |
15. 9 |
| x li abi lity Cur t ta ren |
4.6 | 2.3 |
|---|---|---|
| Oth hor liab iliti t te er s rm es |
27. 3 |
26. 3 |
| Bor ing row s |
1.7 | 0.1 |
| TO TA L E QU ITY AN D L IAB ILIT IES |
235 .3 |
214 .2 |
|---|---|---|
| al c lia bili tie Tot ent urr s |
46. 9 |
44. 7 |
| Bor ing row s |
1.7 | 0.1 |
| USD mi llion |
Ful l ye din ar en g |
||
|---|---|---|---|
| 31 .12 .20 14 |
31 .12 .20 13 |
||
| sh flo w f tin ctiv itie Ne t ca rom op era g a s |
31. 7 |
51. 9 |
|
| Ne sh flo w f inv ing tiv itie t ca est rom ac s |
( 5) 59. |
( 3) 45. |
|
| sh flo w f fin ial Ne ivit ies t ca act rom anc |
( ) 2.3 |
9.5 | |
| / t in ( dec se) in c ash Ne cre ase rea |
( 1) 30. |
16. 0 |
| Sh ho lde are r |
Sh are s |
ldi Ho ng |
|
|---|---|---|---|
| 1 | SIE M INV EST ME NT S IN C |
22 92 6 8 66 |
11 .48 % |
| 2 | PE RES TR OIK A A S |
17 88 9 4 49 |
9.4 6 % |
| 3 | n S ley & Co Mo tan rga |
18 6 2 00 57 |
9.3 0 % |
| 4 | OD IN OF FSH OR E |
9 6 51 29 9 |
4.8 3 % |
| 5 | VE RD IPA PIR FO ND ET DN B |
7 7 24 114 |
3.8 7 % |
| 6 | OD IN NO RG E |
7 2 72 41 0 |
3.6 4 % |
| 7 | CL EA RST REA M BA NK ING |
5 4 24 64 5 |
2.7 2 % |
| 8 | SKA GE EKS N V T |
5 0 29 20 7 |
2.5 2 % |
| 9 | VE RD IPA PIR FO ND ET DN B |
4 9 16 67 0 |
2.4 6 % |
| 10 | / STA TO IL P EN SJO N C O J P M OR GA N C HA SE |
4 5 39 84 1 |
7 % 2.2 |
| 11 | / VP F N OR DE A K AP ITA L C O J PM OR GA N E UR OP E |
2 8 23 35 5 |
1.4 1 % |
| 12 | / VP F N OR DE A A VK AS TN IN C O J PM OR GA N E UR OP E |
2 7 42 76 9 |
1.3 7 % |
| 13 | Ch J.P . M Ba S PEC IAL TR EAT Y L EN D org an ase |
2 6 72 38 5 |
4 % 1.3 |
| 14 | SU ND T A S |
2 4 26 83 3 |
1.2 1 % |
| 15 | / / SY DB AN K A S S A S YD INV EST |
2 0 37 162 |
2 % 1.0 |
| ha las O B A T sa |
la O Ga B A te a |
lan d ic Gu ia A t t ar n |
de E M Le a r |
|
|---|---|---|---|---|
| irm ha F C te r r |
be De 2 0 1 5 ce m r |
ly Ju 2 0 1 6 |
h 1 M 2 0 1 6 ar c |
be 8 De 2 0 1 6 ce m r |
| Op io t ns |
1 x 1 y ea r |
3 x 1 y ea r |
2 x 1 y ea r |
|
| l o Ve ss e w ne r |
f fs ho B O A O re |
f fs ho B O A O re |
h h No Se S ip in t r a p g |
Se tra a ns |
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