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GLOBAL HUNTER SECURITIES 2ND ANNUAL SEISMIC DAY – SaExploration

SaExploration · Jan 1, 2015 · 21 slides

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Slides

  1. GLOBAL HUNTER SECURITIES 2ND ANNUAL SEISMIC DAY – SaExploration – slide 1
    NASDAQ: SAEX G LO B A L H U N T E R S E C U R I T I E S 2 N D A N N UA L S E I S M I C D AY CHICAGO, IL
  2. GLOBAL HUNTER SECURITIES 2ND ANNUAL SEISMIC DAY – 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. GLOBAL HUNTER SECURITIES 2ND ANNUAL SEISMIC DAY – 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. GLOBAL HUNTER SECURITIES 2ND ANNUAL SEISMIC DAY – 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. GLOBAL HUNTER SECURITIES 2ND ANNUAL SEISMIC DAY – 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. GLOBAL HUNTER SECURITIES 2ND ANNUAL SEISMIC DAY – 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. GLOBAL HUNTER SECURITIES 2ND ANNUAL SEISMIC DAY – 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. GLOBAL HUNTER SECURITIES 2ND ANNUAL SEISMIC DAY – 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. GLOBAL HUNTER SECURITIES 2ND ANNUAL SEISMIC DAY – 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. GLOBAL HUNTER SECURITIES 2ND ANNUAL SEISMIC DAY – 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. GLOBAL HUNTER SECURITIES 2ND ANNUAL SEISMIC DAY – 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. GLOBAL HUNTER SECURITIES 2ND ANNUAL SEISMIC DAY – 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. GLOBAL HUNTER SECURITIES 2ND ANNUAL SEISMIC DAY – 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. GLOBAL HUNTER SECURITIES 2ND ANNUAL SEISMIC DAY – 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. GLOBAL HUNTER SECURITIES 2ND ANNUAL SEISMIC DAY – 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. GLOBAL HUNTER SECURITIES 2ND ANNUAL SEISMIC DAY – 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. GLOBAL HUNTER SECURITIES 2ND ANNUAL SEISMIC DAY – 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. GLOBAL HUNTER SECURITIES 2ND ANNUAL SEISMIC DAY – 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. GLOBAL HUNTER SECURITIES 2ND ANNUAL SEISMIC DAY – SaExploration – slide 19
    Appendix
  20. GLOBAL HUNTER SECURITIES 2ND ANNUAL SEISMIC DAY – 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. GLOBAL HUNTER SECURITIES 2ND ANNUAL SEISMIC DAY – 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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