Geospace Technologies Corporation · NASDAQ:GEOS
Geospace Technologies — Investor Presentation (November 2021)
21 slides from Geospace Technologies's investor presentation, November 2021
Slide 1: Q4 FY2021 Presentation
Q4 FY2021 Presentation Nov em ber 2021
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 34% Adjacent balance sheet, no debt. manufacturing with solid 11% Emerging Effective stock buyback adoption in
Slide 6: Stock Statistics as of December 16, 2021
Stock Statistics as of December 16, 2021 NASDAQ: G E O S SHARES INSTITUTIONAL YEAR END PUBLICLY OUTSTANDING NET DEBT OWNERSHIP TRADED 12.9MM 74% Sept. 30 $0 1997 6
Slide 7: Highlights for Investors
Highlights for Investors RECAPPING A COLLECTION OF MILESTONES, ACHIEVEMENTS AND CONTRACT WINS. LAUNCHES LANDMARK CONFIRMATION ACQUIRES AQUANA RECORD REVENUE QUARTER E-Commerce Platform Diversification Strategy Expands capabilities in Adjacent Markets for Easier Ordering Highest Q1 Revenue in Shows T
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: Oil & Gas Market
OIL & GAS MARKET ADJACENT MARKET EMERGING MARKET FINANCIAL OVERVIEW 10
Slide 11: Oil & Gas Market
Oil & Gas Market § 55% of LTM consolidated revenues LTM Revenue Contribution § O&G products reflect historical roots of Geospace $52.2M § Revenue derived from both product sales and rentals 4% 9% Our Oil & Gas Products § Products serve geophysical demands of E&P industry o Exploration-focused produc
Slide 12: Wireless Products Drive Market Demand
Wireless Products Drive Market Demand LTM REVENUE COMPARISON BY PRODUCT SEGMENT CLOSED 1st SIGNIFICANT SALE OF 7,500 OBX to an existing $70 customer following a lengthy rental engagement. OBX products $60 thus far have been rented and not purchased. $50 INCREASING DEMAND FOR OBX OCEAN BOTTOM RECORDE
Slide 13: Adjacent Market
OIL & GAS MARKET ADJACENT MARKET EMERGING MARKET FINANCIAL OVERVIEW 13
Slide 14: Delivering Decades of Specialized Manufacturing Expertise to Industry
Delivering Decades of Specialized Manufacturing Expertise to Industry § 34% of LTM consolidated revenue LTM Revenue Contribution $32.4M § Provides consistent, sustained revenue streams § Utilizes engineering and manufacturing expertise to broaden product demand § Exploring blend of vibration sensors
Slide 15: Record Setting Segment Revenue
Record Setting Segment Revenue LTM REVENUE COMPARISON ANNUAL REVENUE INCREASED 27% OVER PRIOR YEAR with BY PRODUCT SEGMENT segment revenue totaling $32.4 million for FY 2021. $30 EXPANDED SMART WATER PORTFOLIO through acquisition of Aquana smart water technology provider in July 2021. Revenue in Mil
Slide 16: Emerging Market
OIL & GAS MARKET ADJACENT MARKET EMERGING MARKET FINANCIAL OVERVIEW 16
Slide 17: 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 18: Domestic Security Demand Driving Results
Domestic Security Demand Driving Results LTM COMPARISON REVENUE EMERGING MARKETS POSTED FIRST SIGNIFICANT REVENUE since acquisition in fulfillment of the US Customs and Border $10.0 Protection contract valued at $10M. CUSTOMERS’ REQUIREMENTS FOR REAL-TIME ANALYTICS Revenue in Millions to detect, cla
Slide 19: Financial Overview
OIL & GAS MARKET ADJACENT MARKET EMERGING MARKET FINANCIAL OVERVIEW 19
Slide 20: Revenue Growth While Pandemic Impacts All Business Lines
Revenue Growth While Pandemic Impacts All Business Lines $100 REVENUE BY PRODUCT SEGMENT $90 DIVERSIFICATION STRATEGY CONFIRMED combined $80 Emerging & Adjacent Markets segment revenues is 45% of total revenue. $70 $60 Revenue in Millions WIRELESS PRODUCTS GENERATED 48% of total revenue for fiscal y
Slide 21: Strong Balance Sheet & Liquidity
Strong Balance Sheet & Liquidity ($ in millions, as of September 30, 2021) FINANCIAL STABILITY and staying Cash & Short-term Investments $ 24 power Working Capital $ 45 Current Ratio 3.9X NO LONG-TERM DEBT Debt / Total Book Capitalization 0% LONG-TERM TRACK RECORD of Stockholders’ Equity $ 142 conse
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