Q2 2014 PRESENTATION CREATING VALUE FOR INVESTORS www.pulseseismic.com
Pulse: Canadas Leading Seismic Data Library Provider 28,300 Sq. km of 3D seismic licensed multiple 340,000 Lin. km of 2D seismic times DATA LIBRARY SALES PARTICIPATION SURVEYS Our 2D and 3D data is licensed to Pulse partners with…
METRICS THAT MATTER: Shareholder Free Cash Flow and Cash EBITDA Cash EBITDA is our proxy We are a pure play seismic for EBITDA: we deduct Shareholder free cash data library company with participation survey revenue flow is Cash EBITDA…
Key Trading Facts Information as at July 31, 2014, unless otherwise specified TSX: PSD OTCQX: PLSDF Trading Symbol TSX: PSD OTCQX: PLSDF Corporate Headquarters Calgary, Alberta, Canada Stock Price 3.01 Shares Outstanding…
Financial Results Information as at and for the six months ended June 30, 2014 8.8MM 657,000 Cash Shareholder Free Cash Flow 12.8MM 16.0MM Total Revenue Total Debt 9.2MM Cash EBITDA 25 Full-time Employees
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 Second White Specks concepts.…
Our Data Library Coverage Across Key Activity Areas Pulses Key Corridor of Activity: Montney Shale/Siltstone Liquids-Rich Gas and Oil Play Deep Basin Liquids-Rich Gas Targets Emerging Duvernay Shale Gas/Condensate Play…
2D Seismic Data Retains Its Value Last 5 Years Sales 2D Data Library 2D Sales By Vintage By Date of Seismic Recording (2009-2013) 340,000 km 48MM 27% 2D seismic data sales as a % of total data library sales
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…
Pulse: A Market Leader in Western Canada Estimated Canadian 2D Market Estimated Canadian 3D Market (km) (km2)
Our Customers: Diverse and Long-Term Pulse has a base of 300 customers, A noteworthy amount of 3D data in the concentrated in Albertas oil and natural dry natural gas area of northeast British gas industry Columbia has been licensed…
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…
Growing the Library: Two Low-Risk Approaches Participation Surveys Acquire Existing Data + Surveys designed and managed by Purchase high-quality proprietary Pulse and partly pre-funded by datasets from competitors and E & P…
2010 Transformational Acquisition Acquired seismic assets from Divestco in 2010 Purchase price of 75.5 million including 55.5 million in cash plus 14.3 million Pulse common shares 100% increase in Pulses 3D data library, 30%…
Gaining Seismic Coverage Over the Duvernay through Participation Surveys A L B E R T A Land rush began in 2009 Oil Window Rich-Gas Reservoir area estimated at Window Duvernay 100,000 sq. km Grande Prairie Formation Numerous…
Return on Net Participation Survey Costs Total survey cost 216 million Pulse net survey cost 66 million Data library sales 114 million Return of data sales on Pulse net cost is 172%
It All Adds Up Cash Return on 2004 Net Survey Cost 7 surveys shot; 1,104 sq. km Total library sales to date = 28.7 million Gross CAPEX 25 million Total return on Pulse net cost = 531% 78% prefunded, survey revenue 19.5 million,…
Growing the Seismic Library through High Demand Data Size of Seismic Data Library
Seismic Data Library Sales & SFCF per Share Correlation of Seismic Data Library Sales to SFCF per share
Shareholder Free Cash Flow (SFCF) Calculation Year ended 6 months ended June 30 December 31 (MM except per share) 2014 2013 2013 Data library sales 12.8 18.4 27.1 Participation survey revenue - 13.4 13.4 Less: Salaries, internal…
Historical Allocation of Funds Last Five Years Funds Available Funds Allocated Dividend Cash in Bank Payments Debt 12MM 11MM Debt Financing Repayments 47MM 59MM Equity Financing 22MM Shareholder Net CAPEX Common Share…
Flexibility for 2013 Capital Allocation Program Long-term debt reduced by 5.1 million Stable annual dividend totaling 4.8 million (0.08 /share) Winter 2012/13 CAPEX Share buyback program of 23 totaling 8.4 million million NET.…
Strong Balance Sheet As at June 30, 2014 Total Debt excludes deferred financing charges 50 million, three-year 657,000 16.0MM extendible, revolving credit facility with current maturity of February 15, 2017 Cash on Hand Total…
Reasons to Invest in Pulse Increase in joint venture High barriers to entry and M&A activity Strong balance sheet replacement value of Historical cash margins of We license our seismic our seismic data library 75-85% on our data…
Our People Executive Management Team Neal Coleman, Pamela Wicks, Jeff Bectold, Trevor Meier, President and Chief Vice President Vice President Vice President Sales Executive Officer Finance and Chief Operations & Marketing…
Appendices Statement of Comprehensive Income Q2 2014 and 2013 Statement of Cash Flows Q2 2014 and 2013 Statement of Financial Position Q2 2014 and 2013 Capital Structure
Consolidated Statements of Comprehensive Income (Loss)
Consolidated Statement of Cash Flows
Consolidated Statements of Financial Position
Capital Structure Authorized unlimited common and preferred shares 59,314,120 common shares outstanding (June 30, 2014) Shares Outstanding at Period End 70 Millions of Shares Outstanding 60 50 40 30 20 10 0 2009…
Pulse Seismic Inc. 2400, 639 5th Ave. S.W. Toll-free: 1-877-460-5559 Calgary, Alberta Telephone: 1-403-237-5559 T2P 0M9 Email: infopulseseismic.com TSX:PSD OTCQX:PLSDF
Loading...
