Geospace Technologies Corporation · NASDAQ:GEOS
Geospace Technologies — Investor Presentation (May 2024)
26 slides from Geospace Technologies's investor presentation, May 2024
Slide 1: Investor Presentation Second Quarter Fiscal Year 2024
INVESTOR PRESENTATION Second Quarter Fiscal Year 2024 May 2024
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: Background on Geospace: World Renowned Innovator in Vibration Sensing Technologies
BACKGROUND ON GEOSPACE WORLD RENOWNED INNOVATOR IN VIBRATION SENSING TECHNOLOGIES Founded in 1980 in Houston, Texas We’re a company of solution-minded engineers, real-time algorithmic trailblazers, and robust industrial manufacturers. Publicly Traded on NASDAQ - GEOS We’re dedicated to creating smar
Slide 4: Stock Statistics as of March 31, 2024
Stock Statistics as of March 31, 2024 NASDAQ: G E O S SHARES INSTITUTIONAL YEAR END PUBLICLY OUTSTANDING NET DEBT OWNERSHIP TRADED 13.3MM 67% Sept. 30 $0 1997 4
Slide 5: Three Business Segments
We’re Divided Into THREE BUSINESS SEGMENTS We boast a history of technology innovation and robust manufacturing with solid adoption in varied markets including oil and gas exploration, smart water, imaging, and security and surveillance. ENERGY ADJACENT EMERGING 63% of Revenue 35% of Revenue 2% of R
Slide 6: Financial Overview
FINANCIAL OVERVIEW OIL & GAS MARKET ADJACENT MARKET EMERGING MARKET 6
Slide 7: Quarter over Quarter Results
Quarter over Quarter Results Q2 2024 Q2 2023 35 REVENUE 30 25 $’s in millions 20 15 GROSS PROFIT EBITDA 10 NET INCOME (LOSS) 5 0 -5 -10 7
Slide 8: Segment Revenue
GEOsPACcCE” Segment Revenue . ) lechnologies Three Months Ended Six Months Ended March 31, 2024 March 31, 2023 March 31, 2024 March 31, 2023 Oil and Gas Markets segment revenue: Traditional seismic exploration product revenue $ 3,548 $ 3,391 §$ 5,311 $ 6,146 Wireless seismic exploration product reve
Slide 9: Segment Operating Income
® * GEOSPACE Segment Operating Income . /) Technologies Three Months Ended Six Months Ended March 31, 2024 March 31, 2023 March 31, 2024 March 31, 2023 Operating income (loss): Oil and Gas Markets segment $ (3,135) $ 4,176 § 11,428 $ 6,582 Adjacent Markets segment 2,796 3,055 4,830 4,802 Emerging Ma
Slide 10: Components of EBITDA (Non-GAAP metric)
Components of EBITDA (Non-GAAP metric)
Slide 11: Strengthening the Company & Stock
Strengthening the Company & Stock $80 REVENUE BY PRODUCT SEGMENT STOCK REPURCHASE PROGRAM ANNOUNCED after our $70 Board of Directors authorized the program under which the Company may purchase up to $5 million of its outstanding $60 common stock. $50 Revenue in Millions RICH KELLEY JOINS OUR MANAGEM
Slide 12: Strong Balance Sheet & Liquidity
Strong Balance Sheet & Liquidity ($ in millions, as of March 31, 2024) FINANCIAL STABILITY and staying Cash & Short-term Investments $ 51 power Working Capital $ 77 NO LONG-TERM DEBT with ability to Current Ratio 6.1X borrow up to $11.3M Debt / Total Book Capitalization 0% Stockholders’ Equity $ 142
Slide 13: Why Invest In Geospace Technologies?
Why Invest In Geospace Technologies? Financially Solid Market Leader Diverse Revenue Streams Conservatively run History of technology 63% Oil & Gas company with strong innovation and robust 35% Adjacent balance sheet, no debt. manufacturing with solid 2% Emerging adoption in varied markets. 13
Slide 14: Highlights for Investors
Highlights for Investors RECAPPING A COLLECTION OF MILESTONES, ACHIEVEMENTS AND CONTRACT WINS. STREAMLINING NEW PRODUCT PROFITABLE YEAR $50M+ MARINER PROFITABLE FOR OPERATIONS CONTRACT YTD FY24 Launched high temp, all Revenue of $124.5M, Sold Satellite Facility in optical downhole tool increase 40%
Slide 15: Seasoned & Trusted Management
SEASONED & TRUSTED MANAGEMENT RICK WHEELER RICH KELLEY ROBBIN ADAMS ROBERT CURDA EVP & COO PRESIDENT & CEO Mr. Kelley is responsible for maximizing SVP & CTO VP & CFO Before being named CEO in 2014, Mr. efficiency and effectiveness of business Mr. Adams provides Geospace with Prior to his role as CF
Slide 16: Our Strategies & Perspective
Our Strategies & Perspective CEO QUARTERLY COMMENTARY DIVERSIFY INTO NON-O&G Walter R. (“Rick”) Wheeler, President and CEO of the Company BUSINESSES said, “With the first six months of fiscal year 2024 behind us, the company has achieved positive net income of $8.4 million, or $0.62 per share. This
Slide 17: Oil & Gas Market
FINANCIAL OVERVIEW OIL & GAS MARKET ADJACENT MARKET EMERGING MARKET 17
Slide 18: Oil & Gas Market
Oil & Gas Market § 63% of LTM consolidated revenues LTM Revenue Contribution $86M § O&G products reflect historical roots of Geospace § Revenue derived from both product sales and rentals 1% Our Oil & Gas Products 13% § Products serve geophysical demands of E&P industry o Exploration-focused product
Slide 19: Ocean Bottom Node Demand Generates Profit
Ocean Bottom Node Demand Generates Profit LTM REVENUE COMPARISON BY PRODUCT SEGMENT LARGEST SINGLE CONTRIBUTION TO BOTH REVENUE AND $100 PROFITS for the second quarter came from sales and rentals of $90 our ocean bottom nodes. $80 $70 RELEASE THE FIRST NEW LAND SEISMIC PRODUCT IN FIVE $60 Revenue in
Slide 20: Adjacent Market
FINANCIAL OVERVIEW OIL & GAS MARKET ADJACENT MARKET EMERGING MARKET 20
Slide 21: Delivering Decades of Specialized Manufacturing Expertise to Industry
Delivering Decades of Specialized Manufacturing Expertise to Industry § 35% of LTM consolidated revenue LTM Revenue Contribution $48M § Provides consistent, sustained revenue streams § Utilizes engineering and manufacturing expertise to broaden product demand § Exploring blend of vibration sensors w
Slide 22: Reliable Revenue Contributor
Reliable Revenue Contributor LTM REVENUE COMPARISON BY PRODUCT SEGMENT $50 GENERATED REVENUE OF $12.2 MILLION, which represents the third best quarterly performance of this segment in the company’s history, almost matching the record setting $40 amount of last year’s second quarter. $30 Revenue in M
Slide 23: Emerging Market
FINANCIAL OVERVIEW OIL & GAS MARKET ADJACENT MARKET EMERGING MARKET 23
Slide 24: Emerging Market Pushes into New Energy
Emerging Market Pushes into New Energy § Contributed meaningful revenue in the second quarter, adding $1.1 million to the three-month total § Leveraging data analytics capability to apply to microseismicity monitoring in new energy applications § 2023 Defense Advanced Research Projects Agency (DARPA
Slide 25: Expanding Reach in Defense & CCS Markets
Expanding Reach in Defense & CCS Markets LTM COMPARISON REVENUE DARPA PROGRAM advances state of the art for marine $2.5 applications of coherent array processing technology. $2.0 CUSTOMERS’ REQUIREMENTS FOR REAL-TIME ANALYTICS to detect, classify and locate targets drives demand for $1.5 Revenue in
Slide 26: Investor Relations
Investor Relations For questions or conversation regarding this briefing, please contact InvestorQuestions@geospace.com
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