Looks exactly like one of the canned Apple Motion 4 projects from Motionvfx.com. I am so sure because I bought that package myself for a gig, but it never got used. Found it: Motion 4 project 382.
Funny story (maybe) The reason it didn’t get used was that the demo version I was showing the potential client came with a lot of stock winter outdoor footage in it, and they could not, for the life of them, imagine or visualize the same effect, but just with footage relevant to their own project, substituted in. These are the kind of people that require you to actually do a thing first, rather than describe it, because they just don’t have the imagination to follow where you’re leading. But they won’t approve you going ahead with it… until you’ve gone ahead with it… see? 😛
Project 316 for Motion 4. is not quite the same, but close, as an alternative.