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ERCOMS LONDON OIL & GAS CONFERENCE – Dawson Geophysical

Dawson Geophysical · Jun 11, 2013 · 25 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. ERCOMS LONDON OIL & GAS CONFERENCE – Dawson Geophysical – slide 1
    JUNE 2013
  2. ERCOMS LONDON OIL & GAS CONFERENCE – Dawson Geophysical – slide 2
    About Dawson Geophysical In business 60 years (founded 1952) Acquire and process seismic data Calgary for the accounts of our clients A leading provider of U.S. onshore seismic data acquisition services Denver (2-D and 3-D)…
  3. ERCOMS LONDON OIL & GAS CONFERENCE – Dawson Geophysical – slide 3
    Fiscal Q2 2013 Highlights EBITDA for the quarter ended March 31, 2013 increased to 20,314,000 compared to 17,520,000 for the same period of fiscal 2012, an increase of 16 percent Income from operations for the quarter ended March 31,…
  4. ERCOMS LONDON OIL & GAS CONFERENCE – Dawson Geophysical – slide 4
    Basic Earnings Profit Focused 2.0 1.5 1.0 Dollars () 0.5 0.0 -0.5 -1.0 -1.5 2009 2010 2011 2012 TTM(2013 - Q2) 5 Nasdaq: DWSN
  5. ERCOMS LONDON OIL & GAS CONFERENCE – Dawson Geophysical – slide 5
    EBITDA Growing Cash Flow 60,000 50,000 Thousands () 40,000 30,000 20,000 10,000 0 2009 2010 2011 2012 TTM (2013 - Q2) 6 Nasdaq: DWSN
  6. ERCOMS LONDON OIL & GAS CONFERENCE – Dawson Geophysical – slide 6
    Revenue 360,000 324,000 288,000 252,000 Thousands () 216,000 180,000 144,000 108,000 72,000 36,000 0 2009 2010 2011 2012 TTM (2013 - Q2) 7 Nasdaq: DWSN
  7. ERCOMS LONDON OIL & GAS CONFERENCE – Dawson Geophysical – slide 7
    Gross Margins Expanding Margins 25 20 Percentage (%) 15 10 5 0 2009 2010 2011 2012 TTM (2013 - Q2) Calculated as revenues less operating expenses divided by revenues 8 Nasdaq: DWSN
  8. ERCOMS LONDON OIL & GAS CONFERENCE – Dawson Geophysical – slide 8
    Return on Assets Returns Driven 35 30 25 Percentage (%) 20 15 10 5 0 2009 2010 2011 2012 TTM (2013 - Q2) Calculated as EBITDA divided by average PP&E, net 9 Nasdaq: DWSN
  9. ERCOMS LONDON OIL & GAS CONFERENCE – Dawson Geophysical – slide 9
    Return on Invested Capital Returns Driven 35 30 25 Percentage (%) 20 15 10 5 0 2009 2010 2011 2012 TTM (2013 - Q2) Calculated as EBITDA divided by average equity and debt less cash and equivalents 10 Nasdaq:…
  10. ERCOMS LONDON OIL & GAS CONFERENCE – Dawson Geophysical – slide 10
    Capital Expenditures Investing in the Future Drives Returns 70,000 60,000 50,000 Thousands () 40,000 30,000 20,000 10,000 0 2009 2010 2011 2012 2013E 11 Nasdaq: DWSN
  11. ERCOMS LONDON OIL & GAS CONFERENCE – Dawson Geophysical – slide 11
    Capital Structure History of conservative financial management Balance Sheet Data ( in thousands) in a cyclical industry At 03/31/13 Low debt Working Capital 66,588 Net Property, Plant 186,121 Well positioned to respond and…
  12. ERCOMS LONDON OIL & GAS CONFERENCE – Dawson Geophysical – slide 12
    OPERATIONS OVERVIEW
  13. ERCOMS LONDON OIL & GAS CONFERENCE – Dawson Geophysical – slide 13
    Demand Cycle Seismic data acquisition and processing is needed at all stages of the exploration and production process Objective Objective CONVENTIONAL IDENTIFY GEO-HAZARD PROSPECTING Exploration Evaluation Shoot It Lease It Map…
  14. ERCOMS LONDON OIL & GAS CONFERENCE – Dawson Geophysical – slide 14
    2013 Perspectives E&P company exploration spending remains steady Steady exploration activity More favorable contract terms Significant emphasis on oil and liquids-rich projects Drives demand and creates opportunities for growth…
  15. ERCOMS LONDON OIL & GAS CONFERENCE – Dawson Geophysical – slide 15
    2013 Capital Expenditure Highlights 2013 Capital Expenditure budget set at 50,000,000 Replacement of an I/O RSR recording system on an existing crew with the purchase of 12,000 Geospace GSX single-channel cable- less units…
  16. ERCOMS LONDON OIL & GAS CONFERENCE – Dawson Geophysical – slide 16
    Improved Performance Crew utilization rates strengthened Fiscal 2013 utilization rates climb from mid-fiscal 2012 levels Increasing efficiencies drive financial success Eight consecutive profitable quarters Scalable crew sizes…
  17. ERCOMS LONDON OIL & GAS CONFERENCE – Dawson Geophysical – slide 17
    Primary Business Drivers Data Acquisition Design Permit Survey Field Operations Maintenance Support Functions Data Processing Midland, Houston, Oklahoma City In-field Services 18 Nasdaq: DWSN
  18. ERCOMS LONDON OIL & GAS CONFERENCE – Dawson Geophysical – slide 18
    Competitive Advantage 60-year history enables Dawson Geophysical to navigate the cyclical nature of the business Investments in technology and equipment upgrades generate improved efficiencies Robust equipment base drives…
  19. ERCOMS LONDON OIL & GAS CONFERENCE – Dawson Geophysical – slide 19
    Areas of Operation 14 Data Acquisition Crews Spread Across Every Major Basin in the Continental United States 20 Nasdaq: DWSN
  20. ERCOMS LONDON OIL & GAS CONFERENCE – Dawson Geophysical – slide 20
    Dawson Geophysical to Enter Canada Entry into the Canadian marketplace Completed first seismic data project Leverage from Dawsons strong brand name Calgary recognition Canada 21 Nasdaq: DWSN
  21. ERCOMS LONDON OIL & GAS CONFERENCE – Dawson Geophysical – slide 21
    Robust Inventory and Demand Drives Results Operating 14 Crews Channel Count Growth 6 ARAM ARIES Systems 200,000 2 I/O RSR Radio Systems 150,000 6 GSR Systems 25,000 channels of GSR multi-channel 100,000 boxes with 3-C geophones…
  22. ERCOMS LONDON OIL & GAS CONFERENCE – Dawson Geophysical – slide 22
    Proven Performance and Lasting Value Diversified client mix Supermajors Large, medium and small independent E&P companies Small private operators Providers of multi-client data libraries Majority of existing projects in…
  23. ERCOMS LONDON OIL & GAS CONFERENCE – Dawson Geophysical – slide 23
    Corporate Profile June 3, 2013 Current Stock Price: 37.68 52-Week Range: 20.20 - 38.52 Market Cap: 296 Million 3-Month Avg. Daily Volume: 47,647 Shares Outstanding: 8.0 Million Institutional Ownership: 77% Fiscal Year-end:…
  24. ERCOMS LONDON OIL & GAS CONFERENCE – Dawson Geophysical – slide 24
    The leading U.S. land seismic data acquisition company from coast-to-coast. SEISMIC LEADERSHIP
  25. ERCOMS LONDON OIL & GAS CONFERENCE – Dawson Geophysical – slide 25
    NASDAQ: DWSN 26 Nasdaq: DWSN

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