Exhibit 99.3

SAEXPLORATION HOLDINGS, INC.

Use of EBITDA, Modified EBITDA and Adjusted EBITDA (Non-GAAP measures) as Performance Measures

We use a modified form of EBITDA to measure period-over-period performance. Modified EBITDA is defined as net income (loss) plus interest expense, less interest income, plus unrealized loss on change in fair value of notes payable to related parties, plus income taxes, plus depreciation and amortization, plus non-recurring major expenses outside of operations. Our management uses Modified EBITDA as a supplemental financial measure to assess: (i) the financial performance of our assets without regard to financing methods, capital structures, taxes, historical cost basis or non-recurring expenses; (ii) our liquidity and operating performance over time in relation to other companies that own similar assets and calculate EBITDA in a similar manner; and (iii) the ability of our assets to generate cash sufficient to pay potential interest cost. We use an adjusted form of EBITDA in addition to a modified form of EBITDA which reflects non-recurring, one-time expenses and unrealized foreign exchange gain or loss. We consider Adjusted EBITDA as presented below to be the primary measure of period-over-period changes in our operational cash flow performance.

The terms EBITDA, Modified EBITDA and Adjusted EBITDA are not defined under GAAP, and we acknowledge that these terms are not a measure of operating income, operating performance or liquidity presented in accordance with GAAP. When assessing our operating performance or liquidity, investors and others should not consider this data in isolation or as a substitute for net income (loss), cash flow from operating activities or other cash flow data calculated in accordance with GAAP. In addition, our calculation of Modified EBITDA and Adjusted EBITDA may not be comparable to EBITDA or similarly titled measures utilized by other companies since such other companies may not calculate EBITDA in the same manner. Further, the results presented by EBITDA cannot be achieved without incurring the costs that the measure excludes: interest, taxes, depreciation, amortization, and non-recurring expenses.

The computation of our Modified EBITDA and Adjusted EBITDA from net income (loss), the most directly comparable GAAP financial measure, is provided in the table below. The data as of and for the three months ended March 31, 2014 and March 31, 2013 are derived from our unaudited consolidated financial statements, which are included in our Form 10-Q filed with the SEC on May 9, 2014. The data as of and for the years ended December 31, 2013 and December 31, 2012 are derived from our audited consolidated financial statements, which are included in our Form 10-K/A (Amendment No. 1) filed with the SEC on April 14, 2014. The data as of and for the year ended December 31, 2011 are derived from our audited consolidated financial statements, which are included in our Form 8-K filed with the SEC on June 28, 2013. The data for the twelve months ended March 31, 2014 are derived from our data for the nine months ended December 31, 2013, and our data for the three months ended March 31, 2014.