Acceleware Ltd. · TSXV:AXE
Acceleware — Shareholder Meeting (May 2013)
23 slides from Acceleware's shareholder meeting presentation, May 23, 2013
Slide 1: 2013 Annual General Meeting
2013 Annual General Meeting Geoff Clark Chief Executive Officer May 23, 2013 ©2013 Acceleware Ltd. All rights reserved.
Slide 2: Safe Harbour: Forward Looking Statements
2013 Annual General Meeting Safe Harbour: Forward Looking Statements Certain statements in this presentation, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties. These may include, without limitation, statements based on cu
Slide 3: Acceleware Customers
2013 Annual General Meeting Acceleware Customers 3
Slide 4: Acceleware is focused on Oil & Gas
Acceleware is focused on Oil & Gas Powering Exploration & Development through Speed
Slide 5: We are the experts at accelerating upstream Oil & Gas computing
We are the experts at accelerating upstream Oil & Gas computing by processing information faster with proprietary algorithms and specialized services operating in parallel, quickly and efficiently.
Slide 6: Acceleware Business Lines
2013 Annual General Meeting Acceleware Business Lines Oil and Gas Subsurface Electromagnetics High Performance Imaging Computing Depth Imaging Software Simulation Software Consulting CSEM Software RF Heating Training 6
Slide 7: Seismic Imaging: AxRTM
2013 Annual General Meeting Seismic Imaging: AxRTM™ High-performance RTM compute engine optimized for hybrid GPU/CPU compute clusters Finite-difference wavefield propagation accurately images the most complex geology 7
Slide 8: Acceleware's Unique Knowledge Base for RF Heating
2013 Annual General Meeting Acceleware’s Unique Knowledge Base for RF Heating 8
Slide 9: What is RF Heating?
2013 Annual General Meeting What is RF Heating? A promising concept that uses radio frequency energy to lower viscosity of heavy oil, oil sands, and carbonates in situ 1. Cost efficient Early calculations predict RF Heating uses 33% - 50% less energy than traditional steam No requirement to buil
Slide 10: How did Acceleware arrive at RF Heating?
2013 Annual General Meeting How did Acceleware arrive at RF Heating? Acceleware’s unique skills attracted local companies to engage us as consulting engineers for existing projects Similar circumstances led a US energy company to engage Acceleware’s antenna and reservoir expertise to design uniq
Slide 11: RF Antenna Heating System
2013 Annual General Meeting RF Antenna Heating System Power matching network matches generator to loaded transmission line. Conjugate matching is used for maximum power transfer Transmission line transfers Microwave/RF RF power to the antenna power source Matching and balancing network Isolation of
Slide 12: RF Heating Simulation Example
2013 Annual General Meeting RF Heating Simulation Example CHEVRON PROJECT - EM HEATING CHEVRON PROJECT - EM HEATING Temperature (F) 2011-06-30 J layer: 11 Temperature (F) 2011-06-30 J layer: 11 1,500 1,510 File: LLZ_17in_4rings_300BLSD_LamHalf.irf File: LLZ_17in_4rings_300BLSD_LFREQ.irf 1,510 0 10 2
Slide 13: 2012 Review
2013 Annual General Meeting 2012 Review $3,500,000 90% $3,000,000 80% $2,500,000 70% $2,000,000 60% Increased $1,500,000 50% revenue by 5% $1,000,000 40% Increased investment in $500,000 30% marketing & $- 20% sales -$500,000 10% -$1,000,000 0% 2010 2011 2012 Revenue Income before tax Gross Marg
Slide 14: 2012 Review by Quarter
2013 Annual General Meeting 2012 Review by Quarter $1,200,000 90% $1,000,000 80% $800,000 70% $600,000 60% $400,000 50% $200,000 40% Q4 recorded highest income $- 30% before tax in history -$200,000 20% -$400,000 10% -$600,000 0% Q1 2012 Q2 2012 Q3 2012 Q4 2012 Revenue Income before tax Gross Marg
Slide 15: Subsurface Imaging - 2012
2013 Annual General Meeting Subsurface Imaging - 2012 Signing DownUnder GeoSolutions as a distribution partner Begin work on follow-on products in suite – elastic forward modelling and full waveform inversion Developed major improvements to AxRTM for enhanced image quality and performance 15
Slide 16: AxRTM: Speed Improvements
2013 Annual General Meeting AxRTM: Speed Improvements 300% speed increase from early 2012 – GPU kernels + new GPU hardware 400% 350% 300% Isotropic 350% 250% VTI 310% 200% TTI 360% 150% 100% 50% 0% AxRTM 5.4.2 Fermi AxRTM 5.8.0 Fermi AxRTM 5.8.0 Kepler 2090 2090 K10 Isotropic VTI TTI 16
Slide 17: Subsurface Imaging – 2013 Outlook
2013 Annual General Meeting Subsurface Imaging – 2013 Outlook Continued development of channel partners and direct sales approach to reach growing market Continue work on follow-on products in suite – elastic forward modelling and full waveform inversion 17
Slide 18: Electromagnetics - 2012
2013 Annual General Meeting Electromagnetics - 2012 Working with two different projects to apply RF Heating to two distinctly different oil reservoirs Developed in-house tools to integrate the simulation of EM and reservoirs Developed sub-gridding for FDTD and began work on future developments
Slide 19: Electromagnetics – 2013 Outlook
2013 Annual General Meeting Electromagnetics – 2013 Outlook Investigate applicability of RF Heating to other reservoirs – new customers Continued development of simulation tools Complete work on future developments of FDTD that will benefit traditional EM market and RF Heating 19
Slide 20: HPC Services - 2012
2013 Annual General Meeting HPC Services - 2012 Completed several large engagements for HPC development – particularly oil and gas Includes both new customers and repeat business Continued to be the premier provider of CUDA™ training globally 20
Slide 21: HPC Services – 2013 Outlook
2013 Annual General Meeting HPC Services – 2013 Outlook Continue sales efforts to solidify position with existing customers and increase number of new customers Working with NVIDIA to promote CUDA training and Intel to promote Xeon Phi™ training globally 21
Slide 22: Q1 2013 Earnings Announcement
2013 Annual General Meeting Q1 2013 Earnings Announcement $1,200,000 90% Q1 Revenue of $1,000,000 80% $953,000 - increased 124% $800,000 70% $600,000 60% Positive income of $71,000 $400,000 50% Second $200,000 40% consecutive Quarter of year $- 30% over year revenue -$200,000 20% growth -$400,
Slide 23: Recent Financial Performance
2013 Annual General Meeting Recent Financial Performance $5,000,000 90% 80% Trailing twelve $4,000,000 months revenue 70% run rate of $3.5 $3,000,000 60% million, essentially 50% break even $2,000,000 40% Performance of last 6 months is $1,000,000 30% particularly 20% encouraging $- 10% For il