IntroVision investment

DIGITAL ANALYSIS

TECHNOLOGIES

FOR TIGHT AND

SHALE RESERVOIRS

IntroVision – is an international team of scientists, engineers and specialists, graduated from the

leading universities: MSU, MIPT, BMSTU, Sorbonne, INSEAD, MGIMO

IntroVision – is one of the four companies in the world, owning variety of unique digital petrophysics

technologies for tight oil reserves investigations

PROBLEM

SOLUTION - DIGITAL CT RESEARCH

Conventional core analysis:

Core samples CT-based lab Mathematical

modeling Research results

SAAS

Enhanced oil and gas recovery

• time-consuming • expensive

• destroys the samples • does not apply to the study of complex fields

Projects 2014-2016:

IntroVision products:

IntroVision Lab: digital analysis of cores and cuttings

IntroRock: hardware and software complex for core macroanalysis

IntroVision ML: mobile laboratories for well-site cuttings analysis

IntroStorage: : hardware and software complex «electronic core storage»

Plans:

Enlargement of clients and projects portfolio

Certification

Time reduction from 24 to 4 hours

Expansion of functional

Certification

Expansion among clients (Freemium model)

Development of pilot version in Moscow

Debugging of production process

Development of extension modules

Prototype finalization

Test access grant for existing clients (work with core)

Presentations for potential clients

Commercialization – 4! commercial project are in progress Preparing to launch in 2015 more than 10 projects (Russia, Kazakhstan, Azerbaijan, Israel)

Rapid analysis of core and cuttings Client: Major gas company

Origin: Western Siberia

Optimize a new propping agent with

respect to certain properties Client: Major Oil&Gas company

Unconsolidated core sample research Client: State Oil&Gas company

Origin: Krasnodar region

Analysis of deposit rock through the

horizontal well Client: independent private Oil&Gas company

Origin: Western Siberia (Tyumen Suite)

Goal: Find the best “recipe”

IntroVision: Test 2 samples in a lab and,

w/o producing 1000 pilot samples, model

1mln “recipes” to find the best and produce

it. Test it then with a lab.

Goal: Investigate a highly fragile core

sample

IntroVision: Do a CT scan of the sample

and model the processes critical to the

client

Goal: to analyze properties of the rock of

wellbore area of horizontal well

IntroVision: instead of expensive extraction

of the core to carry-out the CT-imaging of

samples of cutting, to carry out petrophysical

modeling

Goal: to obtain petrophysical

dependences before casing pipe pull-

down (about 2 weeks)

IntroVision: deliver 3 cm samples to

the lab, carry out digital analysis in 24

hours

Size of global market of core analysis is more $2 bln

Index Value Trend Market readiness Development

Current Russian Federation market volume ~$100 mln Growing

Current world market volume ~$2 bln Growing

Annual growth rate of digital research market

100% Escalate

Number of players in the market of digital research

3 + Introvision Escalate

Degree of competition Low Escalate Degree of technical change High Escalate

Companies which are interested in the technology:

IntroVision directly competes with three companies in the world:

The company was founded in 2007 in the United States, Stanford

In 2007-2009 a pool of international venture capital investors (including Energy Ventures) has invested more than $ 35 million

Currently, the company opened laboratories in the United States, Brazil, Colombia, United Arab Emirates

Ingrain now has over 70 employees

The company was formed in 2013 through the merger of DigitalCore (Australia, a spin-off of Australian National University) and Numerical Rocks (Norway, a spin-off StatOil)

LithIcon has over 50 employees

The company was formed by a partnership of Imperial College (specialized in modeling the long cores) and China. R & D center is located in London, the "Technology Center" in Beijing.

IRock has about 20 employees*.

IntroVision advantages

Orientation on network of mobile laboratories (competitors – several superlabs)

Technologies of distant work (most of oil deposits are situated on hard-to-reach),

Cloud architecture (calculations and big data service on clients site)

Own client-server hardware and software IntroRock (Freemium model)

Unique team and Advisory board

Advisory board

Dominique Fache, Chairman of advisory board IntroVision, Regional Director, Shlumberger in Russia and CIS (1993-2003)

Rudolf M. Ter-Sarkisov, First Deputy General Director “Gazprom dobycha shelf” LLC, Chief Manager of Shtokman project

Arkadiy A. Bokserman, Advisor to General Director of Zarubezhneft JSC

Management Andrey Gorbyk, CEO IntroVision

Vadim Kulikov, Chairman of the Board of Directors IntroVision

Oleg Evdokimenko, Ph. D.

Eugene Golubchikov, Managing Partner, Ph. D.

Key persons

Anton Saratov, Chief Research Officer

Dmitry Bikulov, analyst, Introvision

Anastasia Myasnikova, analyst Introvision

Alexander Shvartsberg, programmer, Introvision

Eugene Volodin, programmer, Introvision

Vasily Pekar, programmer, Introvision

Investments

Round – 2014/2015: 24 mln rub (confirmed intention for 12 mln rub)

Up to 24 mln rub – planned Skolkovo Foundation grant

IntroRock beta release

Earnings from licensing and research 54 mln rub in 2016 (EBITDA-positive)

Round – 2015/2016: 75 mln rub

Development of pilot version of IntroVision Lab

Beta-release of digital core storage IntroStorage (transfer big data service to client side)

Certification

Previous rounds 2011 – 2013 (for the reference)

Skolkovo foundation grants (programs 0 and 1 totaling 32 mln rub)

Angels and investors 2011-2013: 16 mln rub (pre-seed and seed stages)

Dominique Fache

Oleg Evdokimenko

Vadim Kulikov

9

Round Seed/A1, 2014/2015: overall 24 mln rub (6 /18 mln rub)

Intention on 12 mln is confirmed (3/9 mln rub)

Up to 24 mln rub – planned grant from Skolkovo Foundation

IntroRock beta release

Earnings from licensing and research 54 mln rub in 2016 (EBITDA-positive)

Andrei Gorbyk CEO +7 (495) 997 76 18 [email protected]

Last call:

Thank you for your interest!