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SIDOTI & CO EMERGING GROWTH INSTITUTIONAL INVESTOR FORUM – SaExploration

SaExploration · Jan 1, 2015 · 21 slides

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Slides

  1. SIDOTI & CO EMERGING GROWTH INSTITUTIONAL INVESTOR FORUM – SaExploration – slide 1
    NASDAQ: SAEX S I D OT I & C O . E M E R G I N G GROWTH INSTITUTIONAL I N V E S TO R F O R U M NEW YORK, NY
  2. SIDOTI & CO EMERGING GROWTH INSTITUTIONAL INVESTOR FORUM – SaExploration – slide 2
    Corporate Profile Summary Ticker Symbol: Nasdaq: SAEX Stock Price (as of 1/2/15): 4.12 52-Week Range: 2.80 - 10.00 50-Day Avg. Volume (as of 1/2/15): 42,769 Total Shares Outstanding: 14,870,549 Market Capitalization: 61.3…
  3. SIDOTI & CO EMERGING GROWTH INSTITUTIONAL INVESTOR FORUM – 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. SIDOTI & CO EMERGING GROWTH INSTITUTIONAL INVESTOR FORUM – 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. SIDOTI & CO EMERGING GROWTH INSTITUTIONAL INVESTOR FORUM – SaExploration – slide 5
    Differentiated Business Model What We Do What We Do Not Do Work on a 100% fully funded and contracted basis Invest in or build multi-client libraries that are with dependable blue-chip customers dependent on future sales of speculative…
  6. SIDOTI & CO EMERGING GROWTH INSTITUTIONAL INVESTOR FORUM – 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. SIDOTI & CO EMERGING GROWTH INSTITUTIONAL INVESTOR FORUM – 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. SIDOTI & CO EMERGING GROWTH INSTITUTIONAL INVESTOR FORUM – SaExploration – slide 8
    International Focus on Niche Markets NORTH AMERICA A stable and mature 3D market where wireless technology is the norm SHALLOW-WATER Tax incentives for exploration in Alaska are leading to Exploration activities have increased…
  9. SIDOTI & CO EMERGING GROWTH INSTITUTIONAL INVESTOR FORUM – 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. SIDOTI & CO EMERGING GROWTH INSTITUTIONAL INVESTOR FORUM – SaExploration – slide 10
    Quality, Health, Safety & Environment (QHSE) Historical Lost-Time Injury (LTIF) & Total Recordable Case (TRCF) Frequencies vs OGP Targets 2.00 1.60 1.20 1.08 TRCF - LTIF 0.80 0.40 0.09 0.00 Nov-13 Dec-13 Jan-14…
  11. SIDOTI & CO EMERGING GROWTH INSTITUTIONAL INVESTOR FORUM – SaExploration – slide 11
    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…
  12. SIDOTI & CO EMERGING GROWTH INSTITUTIONAL INVESTOR FORUM – SaExploration – slide 12
    Stable Level of Contracted Cash Flow Adjusted Historical Backlog (1)(2) Current Backlog and Bids Outstanding (2) 322.3 291.9 265.5 203.1 171.1 Backlog Bids O/S 150.4 203 million 427 million 113.2 86.7 Q4 12 Q1 13 Q2 13 Q3…
  13. SIDOTI & CO EMERGING GROWTH INSTITUTIONAL INVESTOR FORUM – SaExploration – slide 13
    Period Performance (1) ( in millions) Total Revenue Gross Profit ex Depr (2) Revenue growth was primarily +71% +75% the result of overall increased +127% 298.6 activity within core geographic 62.5 markets 174.6 n/a International…
  14. SIDOTI & CO EMERGING GROWTH INSTITUTIONAL INVESTOR FORUM – SaExploration – slide 14
    Growth Driven Financial Profile ( in millions) Total Revenue Gross Profit and Margins ex Depreciation (1) 84.6 369.3 70 30% 56.2 57.8 60 28% 257.4 245.3 50 25% 180.8 40 33.0 23% 133.8 24% 23% 30 21.9 22% 20% 20 18% 18% 10…
  15. SIDOTI & CO EMERGING GROWTH INSTITUTIONAL INVESTOR FORUM – SaExploration – slide 15
    Capital Structure Revolving Credit Facility Capitalization and Liquidity Profile Closed 20 million senior secured September 30, revolving credit facility on November 6, ( in millions) 2013 2014 2014, provided by Wells Fargo UNAUDITED…
  16. SIDOTI & CO EMERGING GROWTH INSTITUTIONAL INVESTOR FORUM – SaExploration – slide 16
    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 Hired…
  17. SIDOTI & CO EMERGING GROWTH INSTITUTIONAL INVESTOR FORUM – SaExploration – slide 17
    Strategic Direction 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 the North…
  18. SIDOTI & CO EMERGING GROWTH INSTITUTIONAL INVESTOR FORUM – SaExploration – slide 18
    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…
  19. SIDOTI & CO EMERGING GROWTH INSTITUTIONAL INVESTOR FORUM – SaExploration – slide 19
    Appendix
  20. SIDOTI & CO EMERGING GROWTH INSTITUTIONAL INVESTOR FORUM – SaExploration – slide 20
    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…
  21. SIDOTI & CO EMERGING GROWTH INSTITUTIONAL INVESTOR FORUM – SaExploration – slide 21
    Adjusted EBITDA Reconciliation Adjusted EBITDA Reconciliation UNAUDITED Year Ended December 31, Three Months Ended Sept. 30, Nine Months Ended Sept. 30, LTM ( in 000's) 2011 2012 2013 2013 2014 2013 2014 9/30/2014 Net income (loss)…

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