Dawson Geophysical Company · NASDAQ:DWSN
Dawson Geophysical — Investor Presentation (March 2015)
19 slides from Dawson Geophysical's investor presentation, March 2015
Slide 1: Dawson Geophysical Company
® DAWSON Dawson Geophysical Company
Slide 2: Forward Looking Statements
Forward Looking Statements Statements in this presentation that relate to forecasts, estimates or other expectations regarding future events, including without limitation, statements regarding our recently completed transaction, technological advancements and the companies’ financial position, busin
Slide 3: The New Dawson Geophysical Company
The New Dawson Geophysical Company On October 8, 2014 Dawson Geophysical and TGC Industries entered into a definitive agreement for the strategic business combination. Transaction closed on February 11, 2015 Under the new structure the combined company continues to operate as Dawson Geophysical
Slide 4: About Dawson Geophysical
About Dawson Geophysical In business 62 years Calgary More than 100 years combined Company experience A leading provider of U.S. onshore and Canadian Denver seismic data acquisition services (2-D and 3-D) Pittsburgh Oklahoma City Midland Expanded equipment base and improved logisticsHouston
Slide 5: New Dawson Management and Board of Directors
New Dawson Management and Board of Directors The New Board of Directors Stephen C. Jumper – Chairman of the Board, President and Chief Executive Officer Wayne Whitener – Executive Vice Chairman Craig W. Cooper – Lead Director, Retired Geophysicist Gary M. Hoover, Ph.D – Retired Geophysicis
Slide 6: Investment Highlights
Investment Highlights Expanded geographical presence Positioned to better serve clients through regional deployments Strengthened balance sheet Enhances operational and financial flexibility Enables the Company to respond more quickly to client needs and market conditions Compatible equi
Slide 7: Maintaining our Commitment
Maintaining our Commitment Remain a full-service provider of data acquisition and data processing services Maintain first-class Health, Safety and Environmental Program Retain continued commitment to superior land survey and permitting services, expanded repair capabilities, trucking services,
Slide 8: Operations Overview
® DAWSON Dawson Geophysical Company
Slide 9: Measuring the Market
Measuring the Market E&P company emphasis on exploration and developmental activities Seismic sector entering a new phase with a portfolio of both exploration and developmental services Demand for high-resolution images Increased channel count Enhances subsurface resolution Complex geolo
Slide 10: Demand Cycle
Demand Cycle Seismic data acquisition and processing is needed at all stages of the exploration and production process Objective Objective CONVENTIONAL IDENTIFY GEO- PROSPECTING HAZARD Shoot It Exploration Evaluation Lease It Exploitation Map It Shoot It Lease It Map It Drill It Drill It Objective M
Slide 11: Primary Business Drivers
Primary Business Drivers Data Acquisition Design Permit Survey Field Operations Maintenance Support Functions Dynamite energy services Data Processing Midland, Houston, Oklahoma City In-field Services 11 Nasdaq: DWSN
Slide 12: Areas of Operation
Areas of Operation 14 Data Acquisition Crews Currently Spread Across Every Major Basin in the Continental United States 12 Nasdaq: DWSN
Slide 13: Canadian Strength
Canadian Strength Eagle Canada significantly strengthens Dawson’s Canadian presence Leverage Eagle Canada’s existing relationships and strong brand name recognition Calgary Canada Streamlined operations increases efficiencies and lowers costs Eagle Canada to operate four crews in 2014/2015 w
Slide 14: Robust Inventory Drives Results
Robust Inventory Drives Results Operating 14 Crews Vibrator Energy 4 ARAM ARIES Systems Source Units 8 GSR Systems 240 energy source 10,500 INOVA Hawk Channel System units 2,500 channels Wireless 8 Envirovib units System RT2000 80,000 channels of GSR multi-channel boxes with 3-C geopho
Slide 15: 2015 Overview
2015 Overview Demand for Dawson services anticipated to be at reduced levels Order book sufficient to sustain deployment of eleven to fourteen data acquisition crews into second quarter of calendar 2015 Balance sheet strength remains strong with approximately $86,178,000 of working capital and
Slide 16: Capital Structure
Capital Structure History of conservative financial Balance Sheet Data ($ in thousands) management Pro forma At 09/30/14 in a cyclical industry Working $86,178 Capital Low debt – 36 month Net Property, term Loan Bank Debt Plant and $195,066 Equipment Well-positioned to Total Assets $339,120 re
Slide 17: Corporate Profile
Corporate Profile Current Stock Price: $5.99 (February 20, 2015) Market Cap: $125 Million Average Daily Volume: 95,000 shares Shares Outstanding: 21.60 Million Pre-transaction Fiscal Year-end September 30; Post- transaction Fiscal Year-end Nasdaq: DWSN 17
Slide 18: Seismic Leadership
A leading North American land seismic data acquisition company from coast-to-coast. SEISMIC LEADERSHIP
Slide 19: Dawson Geophysical Company
Dawson Geophysical Company NASDAQ: DWSN Nasdaq: DWSN
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