The New Dawson
Geophysical
Forward Looking Statements
Statements in this presentation that relate to forecasts, estimates or other expectations regarding future
events, including without limitation, statements regarding technological advancements and our financial
position, business strategy and plans and objectives of management for future operations, may be deemed
to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. When used in this presentation, words such as
“anticipate,” “believe,” “estimate,” “expect,” “intend,” and similar expressions are intended to identify
forward-looking statements. Such forward-looking statements are based on the beliefs of management as
well as assumptions made by and information currently available to management. Actual results could differ
materially from those contemplated by the forward-looking statements as a result of certain factors,
including but not limited to dependence upon energy industry spending, the volatility of oil and natural gas
prices, high fixed costs of operations, operational disruptions, changes in economic conditions, industry
competition, the potential for contract delay or cancellations of service contracts, the availability of capital
resources, weather interruptions, limited number of customers, and credit risk related to our customers. A
discussion of these and other factors, including risks and uncertainties, is set forth in Exhibit 99.5 to our
Form 8-K/A that was filed with the Securities and Exchange Commission on April 30, 2015. Dawson
Geophysical Company disclaims any intention or obligation to revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
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Nasdaq: DWSN
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 with Eagle Canada as Dawson’s
Canadian operating brand

Board of Directors – 5 previous Dawson Board members and 3
previous TGC Board members

Total shares outstanding increased from 8.07MM to 21.60MM
after 3 to 1 reverse TGE stock split and issuance of 1.76 TGC shares
for each DWSN share

Fiscal Year-end changed from September 30 to December 31

Continue to trade on NASDAQ under DWSN
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Nasdaq: DWSN
About Dawson Geophysical

In business 63 years

More than 100 years combined Company experience

A leading provider of U.S. onshore and Canadian
seismic data acquisition services (2-D and 3-D)
Calgary
Denver
Oklahoma City

Expanded equipment base and improved logistics
designed to increase utilization and lower costs

Increased level of internal support services designed to
reduce outsourcing

Combined client base and order book to relieve pressure
on utilization rates
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Nasdaq: DWSN
Midland
Houston
Pittsburgh
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 A. Whitener – Executive Vice Chairman

Craig W. Cooper – Lead Director, Retired Geophysicist

Gary M. Hoover, Ph.D – Retired Geophysicist

Ted R. North – Certified Public Account

Mark A. Vander Ploeg – Retired Investment Banker

William J. Barrett – President of W.J. Barrett Associates, Inc.

Allen T. McInnes, Ph.D – Emeritus Dean, Texas Tech University
Executive Management Team
5

Stephen C. Jumper – Chairman of the Board, President and Chief Executive Officer

Wayne A. Whitener – Executive Vice Chairman
Nasdaq: DWSN
Investment Highlights

Expanded geographical presence


Strengthened balance sheet




Increases operational efficiencies and logistics
Improves utilization rates and lowers costs
Improved processes drives efficiencies



Enhances operational and financial flexibility
Enables the Company to respond more quickly to client needs and market
conditions
Compatible equipment bases


Positioned to better serve clients through regional deployments
Leads to lower expenses and increased revenue
Reduces dependence on third party providers
Expanded client base and order book

6
Relieves pressure on utilization rates
Nasdaq: DWSN
Maintaining Our Commitment
7

Remain a full-service provider of data acquisition and data
processing services

Maintain first-class Health, Safety, Security and
Environmental Program

Retain continued commitment to superior land survey and
permitting services, expanded repair capabilities, trucking
services, data processing, research and development and
dynamite energy source drilling services

Sustain top rated platform of shared resources -- people,
equipment and services -- that flows through to our clients,
shareholders and employees
Nasdaq: DWSN
OPERATIONS
OVERVIEW
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 geological structures

Helps reduce dry-hole risk and optimize production

Advancements in technology

Increased utilization of cable-less recording equipment

Increased emphasis on economic projects

Current commodity prices require companies to focus on
economic projects which seismic data helps to facilitate
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Nasdaq: DWSN
Demand Cycle
Seismic data acquisition and processing is needed at all
stages of the exploration and production process
Objective
Objective
CONVENTIONAL
PROSPECTING
IDENTIFY GEO-HAZARD
Exploration
Evaluation
Lease It
Map It
Exploitation
Lease It
Map It
Drill It
Drill It
Objective
MAXIMIZE PRODUCTION
Map It
Drill It
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Repeat
Nasdaq: DWSN
Primary Business Drivers

Data Acquisition








Data Processing


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Design
Permit
Survey
Field Operations
Maintenance
Support Functions
Dynamite energy
services
Midland, Houston,
Oklahoma City
In-field Services
Nasdaq: DWSN
Areas of Operation

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Eight to ten data acquisition crews currently focused in the
Permian Basin, Eagle Ford, Delaware Basin and Niobrara.
Weather issues negatively impacting utilization.
Nasdaq: DWSN
Canadian Strength

Eagle Canada significantly
strengthens Dawson’s
Canadian presence

Leverage Eagle Canada’s
existing relationships and
strong brand name
recognition

13
Streamlined operations
increases efficiencies and
lowers costs
Nasdaq: DWSN
Calgary
Canada
Robust Inventory Drives Results
14 Crew Capacity






4 ARAM ARIES Systems
8 GSR Systems
10,500 INOVA Hawk Channel
System
2,500 channels Wireless System
RT2000
80,000 channels of GSR multichannel boxes with 3-C
geophones
93,500 single-channel GSR Units
Vibrator Energy
Source Units
 240 energy source
units
 8 Envirovib units
Data Processing
Services
 Houston
Recording Channels

14
323,000
 Oklahoma City
 Midland
Nasdaq: DWSN
2015 Overview

Demand for Dawson services anticipated to be at reduced level

Weather issues negatively impacting utilization in second
quarter

Order book sufficient to sustain deployment of eight to ten data
acquisition crews into the fourth quarter of 2015

Balance sheet strength remains strong with approximately
$77,276,000 of working capital and approximately $19,171,000
of debt

2015 Capex anticipated to be at maintenance levels

Expanded channel count to shorten cycle times and provide
higher resolution images
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Nasdaq: DWSN
Capital Structure


Balance Sheet Data
History of conservative
financial management
in a cyclical industry
Low debt – comprised of
notes payable for
equipment purchases and
insurance as well as
capital lease obligations
($ in thousands)
Working Capital
Net Property, Plant
and Equipment
$176,135
Total Assets
$295,961
Debt

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Well-positioned to respond
to future client demand
$77,276
Stockholders’
Equity
Nasdaq: DWSN
$19,171
$230,181
Corporate Profile

Current Stock Price: $5.22
(June 16, 2015)

Market Cap: $112.23 Million

Average Daily Volume: 91,513 shares

Shares Outstanding: 21.5 Million

Pre-transaction Fiscal Year-end
September 30; Post-transaction Fiscal
Year-end December 31
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Nasdaq: DWSN
A leading North American
land seismic data acquisition
company from coast-to-coast.
SEISMIC LEADERSHIP
NASDAQ:
DWSN
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Nasdaq: DWSN