TGS Pareto Oil & Offshore Conference 2013 Robert Hobbs Kristian Johansen CEO CFO
Forward-Looking Statements All statements in this presentation other than statements of historical fact, are forward-looking statements, which are subject to a number of risks, uncertainties, and assumptions that are difficult to…
This is TGS Leading provider of multi-client seismic data and related geoscientific products to TGS Main Offices the oil & gas industry Main offices: Houston and Oslo Regional offices: London, Perth, Calgary and Rio de Janeiro…
Company Milestones 4
Well Positioned in the Seismic Value Chain Multi-client Services Geophysical Data Geological Data Imaging Services Reservoir 2D Seismic Digital well data Seismic processing Integrated Permanent Reservoir Monitoring 3D Seismic…
TGS Competitive Advantage Asset light business model Flexibility Investment decisions not driven by vessel utilization Vendor neutral philosophy allows access to capacity and technology as needed Quality Global Balance sheet…
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Key Financials Net Revenues EBIT before non-recurring items 160 Cash Flow from Operations Multi-client NBV and Investments (operational) 8
Strong Balance Sheet Backing TGS Strategy Other 131 Goodwill 85 309 Current liabilities Cash balance per Q2 2013 represents Cash 172 65 Non-current 172 MUSD Dividend of 142 MUSD paid in June 2013 liabilities Receivables…
Maintaining Dividend Capacity 160 4.2% 142 Dividend yield of 3.5% to 4.0% 140 4.0% during last 4 years 120 103 93 3.8% 100 TGS holds approximately 1.2 million 80 65 3.6% treasury shares 60 3.4% 1% of shares 40 AGM has…
Outlook 11
Positive Market Drivers in Oil Services World Liquid Fuel Supply Oil and gas reserves continue to decline More oil produced from existing reserves than we are discovering Political instability and closed markets reduces…
E&P Spending Growth Of 10% Expected For 2013 Barclays expect 2013 global E&P spending to reach 678 BUSD (revised June 2013) More than 300 oil and gas companies worldwide participated in the Barclays Capital survey about their…
License Round Activity and TGS Positioning Northeast Greenland Pre-round for Kanumas Consortium closed with awards expected soon Alaska - Offshore Ordinary Round expected in Q4 2013 Lease sales planned in 2016 & 2017 Norway…
Multi-client Seismic Geographic region Share of Q2 2013 revenues Key drivers for future investments and growth EUR Application of modern seismic technology aids recent discoveries in mature North Sea market Application of…
Strong Position in Onshore Market United States Canada Firestone 3D - expanded to 1050 km2 of 3D data in liquid Neptune South - 218 km2 of 3D data in Bakken oil play rich Utica play Unity North - 130 km2 of 3D data in Birdbear…
Enhancing Value through Clari-FiTM Reprocessing Clari-FiTM Processing methodology that increases bandwidth and improves imaging May be applied to conventionally acquired pre- or post-stack data Addresses ghost and earth…
Strategic Partnerships signed in 2013 Three year agreement with BGP to jointly acquire, process and market 2D and 3D multi-client seismic data offshore Madagascar and East Africa Leverage respective strengths to build a strong…
Well Log Coverage by Country TGS owns and manages a global well log database Strong synergies with multi-client seismic data business 20
EUR NSA Acquisition Capacity Secured AMEAP Option 3D Vessels committed per 31 Aug 2013 3D Vessel Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Geco Eagle Angola Geo Caribbean Gulf of Mexico Polarcus Asima Liberia Geo…
Summary Q2 revenues of 210 MUSD (with 47% EBIT margin) Q2 late sales of 155 MUSD (Second highest in Companys history) NOK 8 per share dividend paid in June 2013 (142 MUSD) Dividend yield of 4% Quality of TGS data library…
TGS Performs in all Cycles EBIT margin vs. Seismic peers Return on Capital Employed Average EBIT margin above 40% - Stable EBIT performance through the cycles ROCE significantly above WACC substantial value creation in any…
Thank you 2013 TGS-NOPEC Geophysical Company ASA. All rights reserved.
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