Geospace Technologies Corporation · NASDAQ:GEOS
Geospace Technologies — Investor Presentation (December 2022)
22 slides from Geospace Technologies's investor presentation, December 2022
Slide 1: Q4 FY2022 Presentation
Q4 FY2022 Presentation Decem ber 2022
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. All statements other than statements of historical facts included herein,
Slide 3: World Renowned Innovator in Vibration Sensing Technologies
World Renowned Innovator in Vibration Sensing Technologies • Founded 1980 in Houston, Texas • Earned reputation for paradigm-shifting approaches to seismic data acquisition • Known as an innovative force in the O&G industry’s global search for energy reserves • Expanded to other markets including in
Slide 4: Company of First in World Products
Company of First in World Products DEVELOPED GEOSPACE PRM SYSTEM § Original continuous commercial reservoir characterization product known as Permanent Reservoir Monitoring COMMERCIALIZED GSX, GCL, AND OBX § Broke the cabled industry paradigm with wireless and cable-free acquisitions systems for com
Slide 5: Why Invest In Geospace Technologies?
Why Invest In Geospace Technologies? Financially Solid Market Leader Diverse Revenue Streams Conservatively run History of technology 55% Oil & Gas company with strong innovation and robust 44% Adjacent balance sheet, no debt. manufacturing with solid 1% Emerging adoption in varied markets 5
Slide 6: Stock Statistics as of September 30, 2022
Stock Statistics as of September 30, 2022 NASDAQ: G E O S SHARES INSTITUTIONAL YEAR END PUBLICLY OUTSTANDING NET DEBT OWNERSHIP TRADED 13MM 51% Sept. 30 $0 1997 6
Slide 7: Highlights for Investors
Highlights for Investors RECAPPING A COLLECTION OF MILESTONES, ACHIEVEMENTS AND CONTRACT WINS. RECORD REVENUE ESG ACTIVITY $24M+ OBX NEW PRODUCT $39.2M FY22 FY22 REVENUE REVENUE Adjacent Markets Published Inaugural Launched slim profile Increase Revenue 27% Environmental, Societal Demand for our OBX
Slide 8: Seasoned & Trusted Management Team
Seasoned & Trusted Management Team Rick Wheeler Robert Curda Mike Sheen Robbin Adams President & CEO VP & CFO SVP & CTO EVP & Chief Project Before being named CEO in Prior to his role as CFO, he Sheen leverages five decades Engineer 2014, Wheeler held leadership spent 15 years as Geospace’s engineer
Slide 9: Our Strategies
Our Strategies DIVERSIFY Leverage engineering, manufacturing and INTO NON-O&G product technology to other markets for greater BUSINESSES growth opportunities and stability PRESERVE Strong financial discipline enables endurance BALANCE SHEET during down-cycles and creates opportunities STRENGTH in up
Slide 10: Environmental, Societal & Governance
Environmental, Societal & Governance As a global manufacturer of high-tech offerings, Geospace We strive to reuse or recycle waste materials from our operations. believes that a diverse workforce benefits everyone, from Over the last five years, we averaged over 100 tons of recycled industrial our s
Slide 11: Oil & Gas Market
OIL & GAS MARKET ADJACENT MARKET EMERGING MARKET FINANCIAL OVERVIEW 11
Slide 12: Oil & Gas Market
Oil & Gas Market § 55% of LTM consolidated revenues LTM Revenue Contribution $49M § O&G products reflect historical roots of Geospace § Revenue derived from both product sales and rentals 4% 13% Our Oil & Gas Products § Products serve geophysical demands of E&P industry o Exploration-focused product
Slide 13: Ocean Bottom Node Demand Delivers Revenue
Ocean Bottom Node Demand Delivers Revenue LTM REVENUE COMPARISON BY PRODUCT SEGMENT OBX RENTAL CONTRACTS’ VALUE EXCEEDS $24 MILLION IN $70 FY 2022, compared to $8.2 million in fiscal year 2021. $60 LAUNCHED MARINER™, a new slim profile shallow water ocean $50 bottom recorder at an international conf
Slide 14: Adjacent Market
OIL & GAS MARKET ADJACENT MARKET EMERGING MARKET FINANCIAL OVERVIEW 14
Slide 15: Delivering Decades of Specialized Manufacturing Expertise to Industry
Delivering Decades of Specialized Manufacturing Expertise to Industry § 44% of LTM consolidated revenue LTM Revenue Contribution $39M § Provides consistent, sustained revenue streams § Utilizes engineering and manufacturing expertise to broaden product demand § Exploring blend of vibration sensors w
Slide 16: Record Setting Segment Revenue
Record Setting Segment Revenue LTM REVENUE COMPARISON ANNUAL REVENUE INCREASED 21% OVER PRIOR YEAR with BY PRODUCT SEGMENT segment revenue totaling $39.2 million for FY 2022. Revenue in the fourth quarter increased by 27% to $10.9 million. These $30 values represent the largest revenue totals for th
Slide 17: Emerging Market
OIL & GAS MARKET ADJACENT MARKET EMERGING MARKET FINANCIAL OVERVIEW 17
Slide 18: Real-time Analytics Enhance Security Mission for DoD and DHS
Real-time Analytics Enhance Security Mission for DoD and DHS § Building on decade of sensor sales to US government by adding smart analytics capability § 2020 Department of Homeland Security $10M contract award solidifies product adoption in Federal security market Our Security Solutions Products Cu
Slide 19: Domestic Security Presents Opportunities
Domestic Security Presents Opportunities LTM COMPARISON REVENUE CUSTOMERS’ REQUIREMENTS FOR REAL-TIME ANALYTICS to detect, classify and locate targets drives demand for $10.0 proprietary SADAR® product. LEVERAGING REFERENCE SYSTEM AT US BORDER to open Revenue in Millions opportunities within Departm
Slide 20: Financial Overview
OIL & GAS MARKET ADJACENT MARKET EMERGING MARKET FINANCIAL OVERVIEW 20
Slide 21: Diversification Proving to be Consistent Revenue Generator to Match Marine Exploration Demand
Diversification Proving to be Consistent Revenue Generator to Match Marine Exploration Demand $100 REVENUE BY PRODUCT SEGMENT $90 ADJACENT MARKET SEGMENT REVENUE CONTINUES A $80 STEADY INCREASE bolstered by the demand for automation in electronic pre-press solutions and smart water meter $70 product
Slide 22: Strong Balance Sheet & Liquidity
Strong Balance Sheet & Liquidity ($ in millions, as of September 30, 2022) FINANCIAL STABILITY and staying Cash & Short-term Investments $ 17 power Working Capital $ 47 Current Ratio 4.7X NO LONG-TERM DEBT with ability to Debt / Total Book Capitalization 0% borrow up to $8.5M Stockholders’ Equity $
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