Slide 1: Q3 FY2023 Presentation
Q3 FY2023 Presentation A ugus t 2023
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
BACKGROUND ON GEOSPACE World Renowned Innovator in Vibration Sensing Technologies Founded 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 smarter,
Slide 4: Stock Statistics as of June 30, 2023
Stock Statistics as of June 30, 2023 NASDAQ: G E O S SHARES INSTITUTIONAL YEAR END PUBLICLY OUTSTANDING NET DEBT OWNERSHIP TRADED 13MM 58% Sept. 30 $0 1997 4
Slide 5: Financial Overview
FINANCIAL OVERVIEW OIL & GAS MARKET ADJACENT MARKET EMERGING MARKET 5
Slide 6: Quarter over Quarter Results
Quarter over Quarter Results Q3 2022 Q3 2023 35 REVENUE 30 25 $’s in millions 20 15 GROSS PROFIT 10 EBITDA 5 NET INCOME (LOSS) 0 -5 -10 6
Slide 7: Segment Revenue
GEOsPACcCE” Segment Revenue o ) Technologies Three Months Ended Nine Months Ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Oil and Gas Markets Traditional seismic exploration product revenue $ 3,363 $ 1,592 $ 9,509 $ 3,428 Wireless seismic exploration product revenue 13,786 1,233) 45,
Slide 8: Segment Operating Income
GEOsPACcCE” . Segment Operating Income . /) Technologies Three Months Ended Nine Months Ended June 30, 2023 June 30,2022 June 30, 2023 June 30, 2022 Operating income (loss): Oil and Gas Markets segment $ 3,238 $ (3,695) $ 9,820 $ (6,209) Adjacent Markets segment 4,346 1,841 9,148 4,341 Emerging Mark
Slide 9: Components of EBITDA (Non-GAAP metric)
Components of EBITDA (Non-GAAP metric)
Slide 10: Continued Strength in Revenue and Profitability
Continued Strength in Revenue and Profitability $100 REVENUE BY PRODUCT SEGMENT MAINTAINED PROFITABILITY FOR SECOND CONSECUTIVE QUARTER through combination of strong sales in ocean $90 bottom nodes as well as smart water connectivity products $80 and implementation of cost streamlining plan. $70 $4
Slide 11: Strong Balance Sheet & Liquidity
Strong Balance Sheet & Liquidity ($ in millions, as of June 30, 2023) FINANCIAL STABILITY and staying Cash & Short-term Investments $ 27 power Working Capital $ 60 NO LONG-TERM DEBT with ability to Current Ratio 4.7X borrow up to $15M Debt / Total Book Capitalization 0% Stockholders’ Equity $ 129 LO
Slide 12: Why Invest In Geospace Technologies?
Why Invest In Geospace Technologies? Financially Solid Market Leader Diverse Revenue Streams Conservatively run History of technology 59% Oil & Gas company with strong innovation and robust 40% Adjacent balance sheet, no debt. manufacturing with solid 1% Emerging adoption in varied markets 12
Slide 13: Highlights for Investors
Highlights for Investors RECAPPING A COLLECTION OF MILESTONES, ACHIEVEMENTS AND CONTRACT WINS. $39.2M FY22 REVENUE RECORD STREAMLINING NEW PRODUCT $20M+ MARINER REVENUE OPERATIONS CONTRACT Highest Quarterly Launched high temp, all Adjacent Market Revenue in 8.5 Years Sold Satellite Facility in optic
Slide 14: Seasoned & Trusted Management Team
Seasoned & Trusted Management Team Rick Wheeler Robert Curda Robbin Adams President & CEO VP & CFO SVP & CTO Before being named CEO in Prior to his role as CFO, he Adams provides Geospace with 2014, Wheeler held leadership spent 15 years as Geospace’s nearly four decades of roles within Geospace inc
Slide 15: Our Strategies & Perspective
Our Strategies & Perspective CEO QUARTERLY COMMENTARY DIVERSIFY INTO NON-O&G Walter R. (“Rick”) Wheeler, President and CEO of the Company said, BUSINESSES “We’re very excited to see our third quarter performance further extend profitability for fiscal year 2023 by $0.24 per share. Moreover, total re
Slide 16: Focus on ESG & Insights on Progress
Focus on ESG & Insights on Progress As a global manufacturer of high-tech offerings, Geospace believes that a diverse workforce benefits everyone, from our skilled workforce, to our valued clients, to our trusted shareholders and our society.
Slide 17: Oil & Gas Market
FINANCIAL OVERVIEW OIL & GAS MARKET ADJACENT MARKET EMERGING MARKET 17
Slide 18: Oil & Gas Market
Oil & Gas Market § 59% of LTM consolidated revenues LTM Revenue Contribution $71M § O&G products reflect historical roots of Geospace § Revenue derived from both product sales and rentals 2% 18% Our Oil & Gas Products § 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 $70 PROFITS for the third quarter and nine months of the fiscal year came from rentals of our OBX ocean bottom nodes. $60 $50 BUILDING MARINER®, a new slim profile shal
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 § 40% of LTM consolidated revenue LTM Revenue Contribution $49M § Provides consistent, sustained revenue streams § Utilizes engineering and manufacturing expertise to broaden product demand § Exploring blend of vibration sensors w
Slide 22: Record Setting Segment Revenue
Record Setting Segment Revenue LTM REVENUE COMPARISON QUARTERLY REVENUE INCREASED 36% OVER PRIOR YEAR BY PRODUCT SEGMENT with segment revenue totaling $14.9 million for Q3 FY 2023, an $50 increase of $3.9 million from the corresponding period of the prior fiscal year. $40 INCREASED MANUFACTURING CAP
Slide 23: Emerging Market
FINANCIAL OVERVIEW OIL & GAS MARKET ADJACENT MARKET EMERGING MARKET 23
Slide 24: Real-time Analytics Enhance Security Mission for DoD and DHS
Real-time Analytics Enhance Security Mission for DoD and DHS § Backlog of $2.1 million § Building on decade of sensor sales to US government by adding smart analytics capability § 2023 Defense Advanced Research Projects Agency (DARPA) Contract for Marine Solutions § 2020 Department of Homeland Secur
Slide 25: Expanding Reach in Defense Markets
Expanding Reach in Defense Markets LTM COMPARISON REVENUE SADAR® UNDERGOING EVALUATION FOR MAJOR $1.0 DEPARTMENT OF DEFENSE PROGRAM through contract with federal government prime contractor. CUSTOMERS’ REQUIREMENTS FOR REAL-TIME ANALYTICS Revenue in Millions to detect, classify and locate targets dr
Slide 26: Investor Relations
Investor Relations For questions or conversation regarding this briefing, please contact InvestorQuestions@geospace.com