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INVESTOR PRESENTATION – Pason Systems Corp.

Pason Systems Corp. · Jan 29, 2015 · 31 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. INVESTOR PRESENTATION – Pason Systems Corp. – slide 1
    Investor Presentation Q3 2014 Published November 17, 2014 1
  2. INVESTOR PRESENTATION – Pason Systems Corp. – slide 2
    Overview of Pason Q3 Q2 2014 3
  3. INVESTOR PRESENTATION – Pason Systems Corp. – slide 3
    Snapshot of Pason Q3 2014 History Est.1978; public since 1996 Head Office Calgary, AB US Offices Denver, Houston, Austin International Offices Argentina, Bolivia, Brazil, Colombia, Ecuador, Peru, Mexico, Australia, (Saudi…
  4. INVESTOR PRESENTATION – Pason Systems Corp. – slide 4
    Mission Q3 2014 Our mission is to provide technologies, information, and services that improve the effectiveness, efficiency, and safety of drilling operations. We do this by: Deploying innovative, simple-to-use, and rig-tough…
  5. INVESTOR PRESENTATION – Pason Systems Corp. – slide 5
    Overview of Pasons Core Products Q3 2014 Drilling Contractor Operator (E&P) Third-Party Benefits Benefits Benefits Rigsite Products Electronic Drilling Recorder (EDR) Workstations Rig Display (PRD) / SideKick Internet Service /…
  6. INVESTOR PRESENTATION – Pason Systems Corp. – slide 6
    Sources of Revenue by Product Q3 2014 Other Software (LRV, DS, WITSML, 10% WellView,) 7% 7 Electronic 8% 44% Drilling Gas Analyzer Recorder (including peripherals) 8% Internet Service / Communications 9% Electronic 15%…
  7. INVESTOR PRESENTATION – Pason Systems Corp. – slide 7
    Strong Market Positions Q3 2014 93% 60% 60% 80% Estimated market shares for EDR rentals for the first nine months of 2014 8
  8. INVESTOR PRESENTATION – Pason Systems Corp. – slide 8
    Revenue and Profit by Business Unit Q3 2014 Revenue Operating Profit United States 29% 29% Q3 (3 months) Canada 59% 9% 62% 12% International 9 months 29% 30% ended Sept 30, 2014 11% 60% 7% 63% 9
  9. INVESTOR PRESENTATION – Pason Systems Corp. – slide 9
    High Barriers to Entry Q3 2014 Pasons service remains unrivalled in the industry. Pason service includes A network of highly skilled field service technicians geographically distributed across North America, South America, and…
  10. INVESTOR PRESENTATION – Pason Systems Corp. – slide 10
    Performance Review Q3 Q2 2014 11
  11. INVESTOR PRESENTATION – Pason Systems Corp. – slide 11
    Recent Achievements Q3 2014 US market share growth Q3 market share of 62% was up 5% year-over-year Continued growth in revenue per EDR day 7% year-over-year increase in US in Q3 6% year-over-year increase in Canada in Q3…
  12. INVESTOR PRESENTATION – Pason Systems Corp. – slide 12
    Revenue Q3 2014 450 403 400 387 +22% 361 346 350 300 296 300 260 250 241 236 200 176 154 150 122 100 92 50 - 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2013 2014 Annual 9 months 13
  13. INVESTOR PRESENTATION – Pason Systems Corp. – slide 13
    Strong Balance Sheet Q3 2014 Cash 174 Working 163 capital 152 151 138 NO 127 128 DEBT 108 106 98 97 91 89 78 78 16 2007 2008 2009 2010 2011 2012 2013 Q3 2014 2013 figures affected by settlement of AutoDriller…
  14. INVESTOR PRESENTATION – Pason Systems Corp. – slide 14
    Dividend Growth Q3 2014 Compound annual growth in dividend of 0.68 26% since 2003 0.52 0.46 0.38 0.33 0.26 0.22 0.16 0.13 0.06 0.07 0.05 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Current Annualized 15
  15. INVESTOR PRESENTATION – Pason Systems Corp. – slide 15
    Strategy and Future Growth Q3 Q2 2014 16
  16. INVESTOR PRESENTATION – Pason Systems Corp. – slide 16
    Pasons Growth Strategy Q3 2014 Potential New markets beyond oil and gas drilling Revenue/Earnings New geographies New products and services for the drilling market Revenue per EDR day growth Market share growth Defend…
  17. INVESTOR PRESENTATION – Pason Systems Corp. – slide 17
    Defending the Core Q3 2014 Potential Revenue/Earnings Defend the core 18
  18. INVESTOR PRESENTATION – Pason Systems Corp. – slide 18
    Defending the Core Q3 2014 Examples of Recent Successes VSP Gateway as Universal Junction Box TPC replacement (UJB) (part of the EDR) Mobile enhancements WAN evolution (satellite and terrestrial) 19
  19. INVESTOR PRESENTATION – Pason Systems Corp. – slide 19
    Keeping the Momentum Q3 2014 Potential Revenue/Earnings Revenue per EDR day growth Market share growth Defend the core 20
  20. INVESTOR PRESENTATION – Pason Systems Corp. – slide 20
    Market Share by Quarter Q3 2014 (%) * 100 93% Canada 75 62% 50 United States 25 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2007 2008 2009 2010 2011 2012 2013 2014 *…
  21. INVESTOR PRESENTATION – Pason Systems Corp. – slide 21
    Revenue per EDR Day by Quarter Q3 2014 Drivers: () Product penetration Value/price 1400 1200 1,191 1000 800 Canada US656 600 571 400 United States International 200 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2…
  22. INVESTOR PRESENTATION – Pason Systems Corp. – slide 22
    New Products Q3 2014 Potential Revenue/Earnings New products and services for the drilling market Revenue per EDR day growth Market share growth Defend the core 23
  23. INVESTOR PRESENTATION – Pason Systems Corp. – slide 23
    New Products Q3 2014 Examples of Recent Examples of Products Successes in the Pipeline Gas Enhanced Analyzer PVT Advanced VSP services - Intercom Rig - VOIP Display - Wireless Drilling analytics 24
  24. INVESTOR PRESENTATION – Pason Systems Corp. – slide 24
    New Geographies Q3 2014 Potential Revenue/Earnings New geographies New products and services for the drilling market Revenue per EDR day growth Market share growth Defend the core 25
  25. INVESTOR PRESENTATION – Pason Systems Corp. – slide 25
    The International Opportunity Q3 2014 Diversification away from North American land drilling Significant rig counts with increasing activity Established relationships with existing customers Increasing technology needs as…
  26. INVESTOR PRESENTATION – Pason Systems Corp. – slide 26
    Steady Growth in Activity Q3 2014 International Rig Counts 12 Month Moving Averages 2,000 1,750 1,500 1,250 1,000 750 500 250 - 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 United States Canada…
  27. INVESTOR PRESENTATION – Pason Systems Corp. – slide 27
    International Revenue Growth Q3 2014 International Revenue 2003 Revenue Mix in C millions 2% 44.5 36% Canada 37.7 US Intl 62% 28.3 18.6 2013 Revenue Mix 11% 31% 12.6 Canada 9.9 7.6 US 5.7 Intl 3.3 4.2 2.2…
  28. INVESTOR PRESENTATION – Pason Systems Corp. – slide 28
    New Geographies Q3 2014 Examples of Recent Next Area of Geographical Successes Expansion More than 500 rigs 29
  29. INVESTOR PRESENTATION – Pason Systems Corp. – slide 29
    Summary Q3 2014 30
  30. INVESTOR PRESENTATION – Pason Systems Corp. – slide 30
    Summary Q3 2014 Strong track record of operational and financial performance Outstanding balance sheet and strong cash-generating capacity Uncertainty from patent litigation eliminated Strong market position and high barriers to…
  31. INVESTOR PRESENTATION – Pason Systems Corp. – slide 31
    Contact Pason Q3 2014 For more information, go to: www.pason.com For more detailed investor information, please contact: Jon Faber, Chief Financial Officer Email: Jon.Faberpason.com Phone: (403) 301-3400 Main operating offices: Calgary…

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