Transaction Overview On July 8, 2008 ION Geophysical Corporation (ION or the Company) announced that it had agreed to purchase all of the outstanding shares of ARAM Systems Ltd. and its affiliate, Canadian Seismic Rentals (ARAM)…
Senior Secured Credit Facility Borrower ............................. ION Geophysical Corporation (ION or the Borrower). Facility................................. 235.0 million Senior Secured Credit Facility consisting of: 110.0 million…
Investment Highlights Leading seismic solutions company, providing advanced seismic data acquisition equipment, seismic software, and seismic planning / processing / interpretation services to national oil companies, major integrated…
Investment Highlights (contd) Top customers include seismic data acquisition companies, national oil companies, major integrated oil companies, as well as major independent exploration and production companies Broad, Top Tier Customer…
Experienced Senior Management Team President and CEO since April 2003 and a member of Board of Directors since 1999 Former Founder, President and Chief Executive Officer of Energy Virtual Partners, an asset development and management…
Industry Overview 8
Industry Dynamics Despite current hydrocarbon price volatility, the oil and gas industry is entering a long-term up cycle Underinvestment in exploration and new technology has created a supply and demand imbalance that will take years…
Oil and Gas Companies are Struggling to Replace Reserves Current investment cycle is expected to be an Organic OrganicReserve ReserveReplacement ReplacementRatio Ratio extended cycle with key challenges and fundamental changes…
Business Increasingly International Location of Discoveries 100 MMBOE 2001 2001 2005 2005 Discoveries Discoveries 100 249 mmboe 250 499 mmboe 500 999 mmboe 1000 UP mmboe Source: CERA.
Majority of Global Resource Base is Onshore Hydrocarbon Distribution in the Top 25 Basins Known Reserves + Mean Undiscovered Resources Billions of Barrels of Oil Equivalent 40 538 126 85 34* 94 72 33 61 76 41 80 702 129…
ION Overview 13
ION is a Global Technology-Driven Seismic Solutions Provider Mix Mix of of Business Business by by Location Location (Percentage (Percentageof of2007 2007Revenue) Revenue) Commonwealth of Independent States Europe 7%…
Land Imaging Systems Land Acquisition Vibrators and Geophone Systems Energy Sources Firefly Worlds First Cable- X-VIB / ADV-IV SM-24 Geophone less Recording Vibrator Vehicles Analog Sensor System Better image-high…
Marine Imaging Systems Towed Streamer Marine Positioning Ocean Bottom Acquisition Systems Systems Acquisition Systems DigiBird and DigiFIN VectorSeis Ocean DigiSTREAMER Marine Redeployable Marine Streamer Positioning Seabed…
Data Management Solutions Post-Survey Marine Imaging Seabed Imaging Analysis Tools SPECTRA SPRINT GATOR Marine Survey Streamer Software OBC Software Software Currently installed on more than 50 Navigation processing and…
Seismic Imaging Solutions Seismic Data Integrated Seismic Seismic Data Processing Services Solutions (ISS) Libraries GXT Imaging Solutions Most sophisticated depth imaging Manage the entire seismic process, projects includes…
Technology Focus A A View View on on Energy Energy Cycles Cycles We are in a long cycle where technology will Technology-intensive Technology-intensive Providers Providers Benefit Benefit in in Long Long Up-Cycles…
Our Strategy Evolution to Broad-Based Seismic Solutions Provider Approach the business as a portfolio of three segments Mature businesses: Benefit from the rising tide Fixer-uppers: Gain market share with enhanced and upgraded…
The Third Era of Seismic Imaging: Digital Full-Wave Imaging Characteristics of the Full-wave Era Anticipated Results Measurement of both P- and S-waves Higher resolution images Densely sampled data Lithology determination…
Diversified Technology Portfolio with Products in Various Stages of the Product Lifecycle A Portfolio Approach ARAM products complement our 2007 Land product portfolio 2004 Vibrators with robust System Four margin products…
ARAM Overview 23
ARAM Overview ARAM manufactures, sells and rents analog seismic equipment to seismic data acquisition contractors Reliable, backwards compatible products that minimize client capital expenditures and operating costs and maximize…
Strategic Rationale Cable-based system market will continue to be strong for the foreseeable future due to normal diffusion of new technology and the price differential Proven Success In Land Based Seismic Equipment Combination of…
Conclusion 26
Investment Highlights Leading Technology- Focused Seismic Industry Leading Experienced Senior Solutions Company Game Changing Management Technology Platform Team and with Operations Staff Proprietary Products Broad…
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