Thalassa Holdings Ltd · LSE:THAL
Thalassa — Investor Presentation (September 2015)
11 slides from Thalassa's investor presentation, September 2015
Slide 1: Investor Presentation September 2015
INVESTOR PRESENTATION September 2015 Exploration and Beyond… working to increase the value and output of active reservoirs
Slide 2: Disclaimer
Disclaimer • The content of this presenta6on has not been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000 (“FSMA”). Reliance on this presenta6on for the purposes of engaging in investment ac6vity may expose an individual to a significant risk of losi
Slide 3: 1H15 Overview
1H15 Overview • Challenging 6mes for the oil industry • Solid opera6ng performance from WGP on the Statoil and TGS projects • Late data sales secured for the 2014 mul6-‐client data set ($1.6m gross, $1.4m net) • Progress on the ARL flying node development programme 3
Slide 4: 1H15 Financial Highlights
1H15 Financial Highlights Group Results • Revenue up 7.4% to $9.9m (1H14: $9.3m) Group Revenue Revenue from Seismic Operations $18.0 $35.0 $16.0 $30.0 $14.0 $12.0 $6.2 $25.0 $20.0 $19.0 $10.0 $10.0 $3.1 $8.0 $15.0 $6.2 $6.0 $10.0 $9.3 $9.9 $10.0 $4.0 $7.1 $5.0 $1.9 $11.6 $9.3 $9.9 $2.0 $1.9 $4.0 $4.
Slide 5: 1H15 Financial Highlights
1H15 Financial Highlights Group Results • Gross Profit up 3.7% to $4.2m (1H14: $4.0m) • Gross Margin down slightly to 42.2% (1H14: 43.7%, FY14: 42.6%) • EBITDA up 20.3% to $1.5m (1H14: $1.3m) • Deprecia6on $1.1m (1H14: $0.5m) • EBIT $0.4m (1H14: $0.7m) Gross Profit Operating Profit (EBITDA) $10.0 $9.
Slide 6: 1H15 Financial Highlights Balance Sheet
1H15 Financial Highlights Balance Sheet • Book value $39.7m (1H14: $39.4m) • Debt $nil (1H14: $nil). • Cash $14.4m (1H14: $17.7m), with outstanding trade receivables at 30 Jun 15 $4.8m subsequently received in full. • Latest cash $17.4m (cash per share $0.69 (£0.45)) Net Assets $m's Net Cash $m's $3
Slide 7: WGP Operational Highlights
WGP OperaHonal Highlights Statoil • Now in second full year of opera6on • Comple6on of the spring 2015 PRM opera6ons over Snorre and Grane • Strong opera6onal performance and minimum down6me • 6,000km of data acquired over the 2 fields • Zero HSE incidents TGS • High Resolu6on 2D/3D (P-‐Cable) propr
Slide 8: WGP Operational Highlights
WGP OperaHonal Highlights MulH-‐client data sales • Late data sales secured on the 2014 mul6-‐client data set • 2 client sales in 1H15 genera6ng gross revenue of $1.6m ($1.4m net) 8
Slide 9: WGP Outlook
WGP Outlook • Continuation of Statoil contract • Equipment re-mobilised early Sep 15 over Grane with Snorre to follow • Additional late data sales on 2H15 on the 2014 multi-client data set generating additional gross revenue of $1.3m ($1.1m net) • Rigorous pursuit of pipeline opportunities • Complet
Slide 10: Autonomous Robotics Ltd
Autonomous RoboHcs Ltd 1H15 • Posi6ve response to the new concept of opera6on from oil majors approached • Slow progress on engaging with sources of funding due to current market condi6ons • Opera6onal costs reduced to a minimum, 50% less for 1H15 at $0.2m (1H14: $0.4m) 2H15 Outlook • Con6nue to eng
Slide 11: Summary and Outlook
Summary and Outlook • Challenging market conditions • Group well positioned to capitalise on improving market conditions • Recovery in demand should benefit the Group’s PMSSTM solution • 2 new Life of Field Seismic projects tendered • Continued and increasing interest in High Resolution 3D solutions
Thalassa Holdings — Investor Presentation (September 2015) on 6ix