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SEPTEMBER 2014 INVESTOR PRESENTATION – SaExploration

SaExploration · Sep 16, 2014 · 22 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. SEPTEMBER 2014 INVESTOR PRESENTATION – SaExploration – slide 1
    NASDAQ: SAEX INVESTOR P RES E NTAT ION
  2. SEPTEMBER 2014 INVESTOR PRESENTATION – SaExploration – slide 2
    Corporate Profile Summary Ticker Symbol: Nasdaq: SAEX Stock Price (as of 9/11/14): 8.51 52-Week Range: 6.60 - 10.20 Avg. Daily Volume (30-day): 18,414 Total Shares Outstanding: 14,870,549 Market Capitalization: 126.5…
  3. SEPTEMBER 2014 INVESTOR PRESENTATION – SaExploration – slide 3
    Company Overview Business Overview Global Footprint International logistics and geophysical services company founded in 2006 Provides vertically-integrated logistical support and exploration services to oil and gas industry Unique…
  4. SEPTEMBER 2014 INVESTOR PRESENTATION – SaExploration – slide 4
    Key Investment Highlights FULL SERVICE Majority of revenue is earned through logistics-related activities performed in-house LOGISTICS PROVIDER Vertically-integrated model allows customers to work with one company instead of multiple…
  5. SEPTEMBER 2014 INVESTOR PRESENTATION – SaExploration – slide 5
    Differentiated Business Model What We Do What We Do Not Do Work on a 100% fully funded and contracted Invest in or build multi-client libraries that are basis with dependable blue-chip customers dependent on future sales of speculative…
  6. SEPTEMBER 2014 INVESTOR PRESENTATION – SaExploration – slide 6
    Full Service Logistics Provider On average, approximately 80% of SAEs revenues are earned through logistics-related activities performed in-house Camp Program Planning & Survey & Recording & Services & Drilling Design Permitting…
  7. SEPTEMBER 2014 INVESTOR PRESENTATION – SaExploration – slide 7
    Market Opportunity Projected 2014 Global E&P Capex Historical E&P Capex vs. Production 723 billion 15-17 billion market market 12% Data Library Sales Exploration 16% 8% Data Processing Geophysics < 4% 3-5% Land Equipment…
  8. SEPTEMBER 2014 INVESTOR PRESENTATION – SaExploration – slide 8
    International Focus on Niche Markets NORTH AMERICA A stable and mature 3D market where wireless technology is the norm SOUTHEAST ASIA Tax incentives for exploration Exploration activities have in Alaska are also leading to…
  9. SEPTEMBER 2014 INVESTOR PRESENTATION – SaExploration – slide 9
    Extensive Experience in Challenging Environments LOCATIONS TERRAIN RECENT SERVICES PROVIDED Recently completed a 6-month 2D & 3D project with nearly 2,000 management and staff and over 100 certified mountain climbers BOLIVIA, BRAZIL,…
  10. SEPTEMBER 2014 INVESTOR PRESENTATION – SaExploration – slide 10
    Blue Chip Customer Base Members of the management team have long-standing relationships extending over 30 years with many of the largest IOCs, NOCs and independents Most historical revenue generated through repeat customer sales and…
  11. SEPTEMBER 2014 INVESTOR PRESENTATION – SaExploration – slide 11
    Quality, Health, Safety & Environment (QHSE) Historical Lost-Time Injury (LTIF) & Total Recordable Case (TRCF) Frequencies vs OGP Targets 2.00 1.60 1.20 TRCF - LTIF 0.92 0.80 0.40 0.00 0.00 Sep-13 Oct-13 Nov-13…
  12. SEPTEMBER 2014 INVESTOR PRESENTATION – SaExploration – slide 12
    Stable Level of Contracted Cash Flow Adjusted Historical Backlog (1)(2) Current Backlog and Bids Outstanding (2) 322.3 291.9 265.5 185.4 Backlog Bids O/S 171.1 265 million 374 million 150.4 113.2 86.7 Q3 12 Q4 12 Q1 13 Q2…
  13. SEPTEMBER 2014 INVESTOR PRESENTATION – SaExploration – slide 13
    Growth Driven Financial Profile ( in millions) Total Revenue Gross Profit and Margins ex Depreciation (1) 70 66.2 30% 308.9 57.8 60 56.2 28% 257.4 245.3 50 25% 180.8 40 23% 33.0 133.8 24% 30 21.9 22% 21% 20% 20 18% 18% 10…
  14. SEPTEMBER 2014 INVESTOR PRESENTATION – SaExploration – slide 14
    Period Performance (1) ( in millions) Total Revenue Gross Profit ex Depr (2) +23% Revenue growth was primarily +50% the result of overall increased +143% 45.0 activity within niche complex 190.8 +66% 36.6 markets 127.1 21.8…
  15. SEPTEMBER 2014 INVESTOR PRESENTATION – SaExploration – slide 15
    Senior Notes Issuance Transaction Summary Unaudited Pro Forma Capitalization and Liquidity Closed 150 million senior secured notes ( in millions) As of June 30, 2014 issuance on July 2, 2014 via a private 144A Actual Pro Forma(1)…
  16. SEPTEMBER 2014 INVESTOR PRESENTATION – SaExploration – slide 16
    Alaska Equipment Purchase Growth Opportunity A portion of the proceeds from the senior notes offering will be used to purchase approximately 30 million of logistics-related equipment intended to outfit an additional crew on the North…
  17. SEPTEMBER 2014 INVESTOR PRESENTATION – SaExploration – slide 17
    Positive Progress PROMISE ACTION RESULT Reduced potential dilution to Simplify equity structure and Exchanged 96% of all warrants existing stockholders and reduce share price overhang in February 2014 increased public float…
  18. SEPTEMBER 2014 INVESTOR PRESENTATION – SaExploration – slide 18
    Strategic Direction Near-Term Growth Catalysts Near-term growth expected to include meaningful contribution from Alaska, which should provide onshore and offshore activity with a significant ramp-up during the upcoming winter season on…
  19. SEPTEMBER 2014 INVESTOR PRESENTATION – SaExploration – slide 19
    Contacts Investor Contact SAE Canada SAE Bolivia Ryan Abney 3333 8th Street SE, 3rd Floor Av. Iberica, Calle 3 Oeste No 11 Calgary, AB T2G 3A4 Barrio Las Palmas, Bolivia Vice President, Capital Markets O: (403) 776-1950 O: (591) 3…
  20. SEPTEMBER 2014 INVESTOR PRESENTATION – SaExploration – slide 20
    Appendix
  21. SEPTEMBER 2014 INVESTOR PRESENTATION – SaExploration – slide 21
    Executive Management Years Experience Mr. Hastings joined SAE in 2011 after his initial investment in the Company in 2008 Founded Fairweather Geophysical, which was the long-time leading provider of seismic services in Alaska before…
  22. SEPTEMBER 2014 INVESTOR PRESENTATION – SaExploration – slide 22
    Adjusted EBITDA Reconciliation Adjusted EBITDA Reconciliation UNAUDITED Year Ended December 31, Three Months Ended June 30, Six Months Ended June 30, LTM ( in 000's) 2011 2012 2013 2013 2014 2013 2014 6/30/2014 Net income (loss) 9,508…

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