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INVESTOR PRESENTATION – Pulse Seismic Inc.

Pulse Seismic Inc. · Apr 13, 2015 · 39 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. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 1
    OUR LANDSCAPE Investor Presentation April 2015
  2. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 2
    PULSE PROFILE
  3. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 3
    PULSE: Canadas Leading Seismic Data Library Provider Sq. km of 28,409 3D seismic LICENSED 340,000 Lin. km of 2D seismic MULTIPLE TIMES PARTICIPATION SURVEYS DATA LIBRARY SALES Pulse partners with oil and gas exploration Our 2D…
  4. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 4
    METRICS THAT MATTER: Shareholder Free Cash Flow and Cash EBITDA 0.08/common share Returning capital to our annual dividend shareholders is a priority 6.3 million in common share buybacks in 2014 We are a pure play Cash EBITDA is…
  5. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 5
    KEY TRADING Information as at December 31, 2014, unless otherwise specified Trading Symbols TSX: PSD FACTS OTCQX: PLSDF Corporate Headquarters Calgary, Alberta, Canada Stock Price 2.93 PULSE SEISMIC INC. Shares Outstanding…
  6. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 6
    2014 FINANCIAL RESULTS 901,000 35.7mm CASH TOTAL REVENUE 5.5mm 28.6mm TOTAL DEBT CASH EBITDA 27.9mm 22 SHAREHOLDER FULL-TIME FREE CASH FLOW EMPLOYEES *Information as at December 31, 2014, unless otherwise specified. 7
  7. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 7
    HOW OUR BUSINESS WORKS
  8. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 8
    OUR LANDSCAPE IN WESTERN CANADA: GROWTH IN UNCONVENTIONAL PLAYS MONTNEY TIGHT SANDS PLAY LIQUIDS-RICH (DEEP BASIN) TARGETS 2.3 bcf/d estimated Montney gas DUVERNAY SHALE CARDIUM LIGHT OIL PLAY production, 2014 4-6 bcf/d forecast…
  9. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 9
    WESTERN CANADA: A WORLD-CLASS ENERGY- PRODUCING REGION LIQUIDS PIPELINES NATURAL GAS PIPELINES PROPOSED PIPELINES 3.2 million bbls/d crude oil production in Western Canada, 2013 13.9 bcf/d natural gas production in Western Canada,…
  10. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 10
    UNDERSTANDING OUR BUSINESS: Pulse Acquires High-Quality Data that Retains its Value Why 2D: 2D seismic allows exploration companies to plan land acquisition programs and exploration drilling concepts. Why Pulse 2D: Most of Pulses 2D…
  11. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 11
    2D SEISMIC DATA 2D SEISMIC SALES, 2010-2014 By Date of Seismic Recording RETAINS ITS VALUE 2% 1960s Last 5 Years Sales 13% 11% 1970s 1980s 1990s 2000s Our 2D Seismic Data Library Generates Revenue Continuously 2D data accounts for…
  12. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 12
    3D SEISMIC PROVIDES PINPOINT ACCURACY OF GEOLOGICALLY COMPLEX TARGETS 3D seismic is more detailed and more expensive to shoot Important for horizontal drilling, unconventional plays like shale and tight gas formations and complex…
  13. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 13
    PULSE SEISMIC: A Market Leader in Western Canada ESTIMATED CANADIAN 2D MARKET ESTIMATED CANADIAN 3D MARKET Others 7,000 Pulse Schlumberger 340,000 11,000 Pulse 28,409 TGS Arcis 14,810 Seitel Canada 2D(km) 3D (km2)…
  14. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 14
    OUR CUSTOMERS: DIVERSE AND LONG-TERM PULSE HAS A BASE OF 300 KEY FACTS CUSTOMERS A noteworthy amount of 3D data in the dry Concentrated in Albertas oil and natural natural gas area of northeast British gas industry Columbia has been…
  15. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 15
    DRIVERS OF DATA LIBRARY SALES NEW PROCESSING EXPLORATION Better New Discoveries Interpretation M&A, JVS AND NEW PIPELINES & ASSET SALES INFRASTRUCTURE New Players Economically Viable Development CROWN MINERAL LAND SALES NEW…
  16. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 16
    TYPES OF TRANSACTIONAL SALES PARTNERSHIPS & CORPORATE JOINT VENTURES MERGER/ACQUISITION ASSET SALE New technical or operational Buyer has 30 days to decide Seismic licenses do not participants must purchase a to pay a discounted…
  17. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 17
    CHANGING SEISMIC TRADITIONAL & TRANSACTION-BASED SALES 50,000 DATA SALES PROFILES 45,000 44,874 40,000 SALES BREAKDOWN 2D/3D (%) 35,000 33,121 FOR THE TWELVE MONTHS ENDED DECEMBER 31 30,000 100 90 25,000 90 80 19,166 19,471…
  18. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 18
    GROWING THE DATA LIBRARY: TWO APPROACHES PARTICIPATION SURVEYS ACQUIRE EXISTING DATA Surveys designed and managed by Pulse Purchase high-quality proprietary datasets and partly pre-funded by customer from competitors and E & P…
  19. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 19
    GROWING THE SEISMIC SIZE OF THE SEISMIC DATA LIBRARY 400,000 LIBRARY THROUGH HIGH DEMAND DATA 350,000 300,000 250,000 3D (km2) 2D (km) 200,000 150,000 100,000 50,000 - 2005 2006 2007 2008 2009 2010 2011 2012…
  20. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 20
    2010 TRANSFORMATIONAL ACQUISITION Pulse Seismic Data Pre- Pre-Purchase Pulse Seismic Data Post- Post-Purchase 3D Seismic 3D Seismic Acquired seismic assets from Divestco in 2010 2D Seismic 2D Seismic Purchase price of 75.5 million…
  21. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 21
    RESULTS
  22. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 22
    NET SURVEY COSTS VS. DATA LIBRARY SALES RETURN ON NET 40 PARTICIPATION SURVEY 35 189% COSTS, 2000-2014 30 Return of Data Sales 10 on Pulse Net Cost Data Library Sales (CdnMM) Total survey cost 216 million 25 8 Pulse Net…
  23. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 23
    IT ALL ADDS UP: CASH RETURN ON 2004 NET SURVEY COST 9.0 CASH RETURN ON 2004 8.0 8.0 NET SURVEY COST 665% 7.0 6.6 Total Return on 7 surveys shot: 1,104 sq. km Pulse Net Cost 6.0 Gross CAPEX: 25 million Cash Return (MM) 78%…
  24. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 24
    SEISMIC DATA CORRELATION OF SEISMIC DATA LIBRARY SALES TO SFCF PER SHARE LIBRARY SALES & SFCF PER SHARE 0.80 (/Diluted Weighted Shares Outstanding) 0.59 0.49 0.47 (CdnMM) 0.34 0.36 0.35 0.28 2007 2008 2009 2010…
  25. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 25
    Year ended December 31, SHAREHOLDER FREE (MM except per share) 2014 2013 Data library sales 35.7 27.1 CASH FLOW (SFCF) Participation survey revenue 13.4 CALCULATION Less: Salaries, internal commissions & benefits (4.8) (5.4) Other…
  26. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 26
    STRONG
  27. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 27
    STRONG BALANCE SHEET 50 million, three-year extendible, revolving credit facility with current maturity of February 901,000 5.5mm 13, 2018 20 million accordion feature CASH ON HAND TOTAL DEBT No scheduled payments Favourable terms and…
  28. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 28
    STRONG SHAREHOLDER DIVIDENDS AND SHARE PURCHASES ( MM) 12 VALUE THROUGH 10.8 10.5 DIVIDENDS AND SHARE 10 PURCHASES 8.4 8.4 8 7.1 6.3 6 5.4 4.8 4.7 4.5 4 3.5 2.2 2.3 2 1.7 1.7 1 0.5 0.2 0 2003 2004 2005 2006…
  29. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 29
    SFCF, CASH EBITDA & LONG-TERM DEBT STRONG RETURNS AT YEAR-END 2010-2014 WITH SHRINKING 70.0 LONG-TERM DEBT 60.0 61.7 54.7 50.0 50.0 46.7 40.0 ( MM) 30.0 26.7 27.9 28.6 27.7 23.9 22.1 21.7 19.6 20.7 20.0…
  30. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 30
    HISTORICAL ALLOCATION OF FUNDS: FIVE YEARS (2010-2014) FUNDS AVAILABLE (MM) FUNDS ALLOCATED (MM) Cash in Bank Common Share 19 Purchases 28 Shareholder Free Debt Repayments Cash Flow 69 142 Debt Financing 46 Equity Financing…
  31. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 31
    2014 CAPITAL 2014 CAPITAL ALLOCATION (MM) ALLOCATION Stable annual dividend 4.7 Share buyback totaling 6.3 million (2.1 million common shares) Long-term debt reduced by 16.6 million Stable annual dividend totalling 4.7 million…
  32. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 32
    REASONS TO INVEST IN PULSE High barriers to entry Strong demand for light Strong balance sheet replacement value of our oil and NGL Historical cash margins seismic data library Increase in joint venture of 75-85% on our data estimated…
  33. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 33
    OUR PEOPLE EXECUTIVE MANAGEMENT TEAM Neal Coleman Pamela Wicks Jeff Bectold Trevor Meier President and Chief Vice President Vice President Vice President Executive Officer Finance and Chief Operations Sales & Marketing Financial…
  34. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 34
    FINANCIAL APPENDICES
  35. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 35
    (thousands of Canadian dollars) As at December 31, CONSOLIDATED Assets 2014 2013 Cash and cash equivalents 901 1,745 STATEMENTS OF Trade and other receivables Income taxes receivable 7,083 - 3,216 3,576 FINANCIAL POSITION…
  36. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 36
    (thousands of Canadian dollars) Three months ended December 31 Twelve months ended December 31 CONSOLIDATED 2014 2013 2014 2013 Revenue STATEMENTS OF Data library sales 8,385 4,565 35,743 27,079 COMPREHENSIVE Participation surveys…
  37. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 37
    (thousands of Canadian dollars) For the Twelve months ended December 31 CONSOLIDATED Cash flows provided by (used in): 2014 2013 STATEMENT OF Operating: Net earnings (loss) and comprehensive income (loss) 3,478 (18,834)…
  38. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 38
    CAPITAL SHARES OUTSTANDING AT YEAR-END (MM) STRUCTURE 70 66 62 61 59 60 57 Authorized unlimited common and preferred 53 shares 50 57,247,843 common shares outstanding (millions of shares outstanding) (December 31, 2014)…
  39. INVESTOR PRESENTATION – Pulse Seismic Inc. – slide 39
    PULSE SEISMIC INC. 2400, 639 5TH Avenue S.W. Toll-free: 1.877.460.5559 Calgary, Alberta T2P 0M9 Telephone: 1.403.237.5559 Email: infopulseseismic.com

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