Q1 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…
Key facts Information as at May 1, 2014, unless otherwise specified Trading Symbol TSX: PSD OTCQX: PLSDF Corporate Headquarters Calgary, Alberta, Canada Stock Price 3.62 Avg. Daily Trading Volume (3 Months) 102,550 Institutional…
Pulse A Cash Flow Story We are a pure play seismic data library company with historic operating cash margins of 75%-85% on data sales We do not require capital intensive equipment and crews Shareholder free cash flow and Cash EBITDA…
A Closer Look at Our Business: The Value of Seismic 3D Seismic Pulse owns 28,300 square kilometres (10,925 square miles) of high-quality 3D seismic 3D seismic generated 69% of Pulses total data library sales in 2013 (2012 87%) 3D…
A Closer Look at Our Business: 2D Seismic Data Retains its Value 2D Data Library 2D Sales By Vintage By Date of Seismic Recording (2009-2013) 340,000 kms 48 Million 1960s: 8% 1970s: 25% 1960s: 1 mm 1970s: 5 mm 1980s: 47%…
A Closer Look at Our Business: Pulse vs. Canadian Competitors Estimated Canadian 2D Market Estimated Canadian 3D Market (km) (km2) Seitel Canada: 650,000 Seitel Canada: 34,200 Pulse: 28,300 Pulse: 340,000 CGG Veritas: 20,100 TGS…
Our Customers Pulse has a customer base of 300 companies Customers are in the oil & natural gas industry, with the majority being located in Alberta 65% of sales during the past 5 years were generated by Major O&G companies Largely…
Drivers of Data Library Sales M&A, JVs and Licensing of Economically New Pipelines & New Players Asset Sales Existing Data Viable Development Infrastructure 10
How We Grow Our Data Library Pulses total seismic coverage: 3D 28,300 square km 2D 340,000 linear km There are two ways we grow our library: Data acquisition Participation surveys Pulses Key Corridor of Activity: Montney Tight…
Significant Data Acquisition 2010 Acquired seismic assets from competitor, Divestco in 2010 Purchase price of 75.5 million including 55.5 million in cash plus 14.3 million Pulse common shares issued. 100% increase to Pulses 3D data…
Participation Surveys 2013 Growth Focus Pulse partners with oil and gas companies to shoot participation surveys Pulse owns the seismic data and has the right to market the data; participants retain a licensed copy Focused on…
Participation Surveys The Duvernay Reservoir Land rush began in 2009 Reservoir area estimated at 100,000 sq. km Numerous majors/international companies Well costs average 13 mm Seismic is a small portion of the drilling…
Return on Net Participation Survey Costs Total survey cost 216 million Pulse net survey cost 66 million 30 Data library sales 111 million Pulse Net Cost Return of data sales on Pulse net cost is 167% 25 Data Library Sales 20 Cdn…
Return on 2004 Net Survey Cost Explained Cumulative Annual Cash Return Cdn mm 28.1 million 30 0.3 14 7 surveys shot; 1,104 sq. km 1.0 13 25 3.6 12 Gross CAPEX 25 million 2.3 11 78% prefunded, survey revenue 20 2.3 10 19.6 million…
Capital Allocation Strategy Strong balance sheet provided flexibility for our capital allocation program in 2013: Winter CAPEX program 2012/13 of 58 million - completed three 3D seismic participation surveys totaling 1,182 sq. km…
Capital Allocation 2011-2013 8.8 8.4 2013 4.8 19.9 10.5 2012 4.5 8.2 2.3 2011 1.7 0 5 10 15 20 25 Millions Net CAPEX Share repurchases Dividends Debt Repayment 20
Current Financial Position Strong Balance Sheet (mm) May 1, 2014 Cash on Hand 0.3 Total long-term debt* 18.5 Undrawn portion on long-term debt facility 31.5 Net debt (Total long-term debt, net of debt financing costs less cash) 18.0…
Reasons to Invest in Pulse High barriers to entry replacement value of our seismic data library estimated at over 2 billion Broad coverage in the WCSB with no competing 3D data Increasing international demand for Canadian natural…
OUR PEOPLE 26 Full-time employees Executive Management Team Neal Coleman, President and Chief Executive Officer Pamela Wicks, Vice President Finance and Chief Financial Officer Jeff Bectold, Vice President Operations Trevor Meier,…
Appendices Statement of Comprehensive Income Q1 2014 and 2013 Statement of Cash Flows Q1 2014 and 2013 Statement of Financial Position Q1 2014 and 2013 Capital Structure 24
Consolidated Statements of Comprehensive Income (Loss)
Consolidated Statement of Cash Flows
Consolidated Statements of Financial Position
Capital Structure Authorized unlimited common and preferred shares 59,349,120 common shares outstanding (Dec 31, 2013) Shares Outstanding at Year-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
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