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PARETO SECURITIES OIL & OFFSHORE CONFERENCE – TGS

TGS · Sep 10, 2014 · 23 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. PARETO SECURITIES OIL & OFFSHORE CONFERENCE – TGS – slide 1
    TGS Pareto Securities Oil & Offshore Conference, 10-11 September 2014 Robert Hobbs Chief Executive Officer
  2. PARETO SECURITIES OIL & OFFSHORE CONFERENCE – TGS – slide 2
    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, Singapore and Rio de…
  3. PARETO SECURITIES OIL & OFFSHORE CONFERENCE – TGS – slide 3
    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…
  4. PARETO SECURITIES OIL & OFFSHORE CONFERENCE – TGS – slide 4
    Diversified Portfolio With Different Characteristics Characteristics TGS multi-client project portfolio Return targets + 1.7X 2.0X 2.5X + 2.5X Prefunding 70 120% 40 60% 20 40% requirements Awarded acreage Mainly open…
  5. PARETO SECURITIES OIL & OFFSHORE CONFERENCE – TGS – slide 5
    TGS Performs in all Cycles EBIT margin vs. Seismic peers Return on Capital Employed 80% 70% 60% 50% 40% 30% 20% 10% 0% 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 ROCE…
  6. PARETO SECURITIES OIL & OFFSHORE CONFERENCE – TGS – slide 6
    Financials 7
  7. PARETO SECURITIES OIL & OFFSHORE CONFERENCE – TGS – slide 7
    Key Financials Net Revenues EBIT before non-recurring items 245 281 211 210 191 271 222 205 140 50% 300 13 10 250 7 120 11 40% 12 8 100 200 29 9 80 30% 139 204 150 218 137 127 155 137 60 118 120 20% 100 138 101 98 94 40 89 80 82…
  8. PARETO SECURITIES OIL & OFFSHORE CONFERENCE – TGS – slide 8
    Investments per Vintage at 30 June 2014 900 3% 823 800 100% 700 600 500 62% 400 381 299 300 270 60% 200 153 43% 100 40% 5% 20% 12% 0 0% 9% 2010 13% 2011 18% 2012 2013 WIP 0% Original investments…
  9. PARETO SECURITIES OIL & OFFSHORE CONFERENCE – TGS – slide 9
    Strong Balance Sheet Backing TGS Strategy Other 170 Cash balance per Q2 2014 represents 321 Current liabilities Goodwill 85 Cash 208 86 Non-current liabilities 208 MUSD Dividend of 145 MUSD paid in June 2014 Receivables 394…
  10. PARETO SECURITIES OIL & OFFSHORE CONFERENCE – TGS – slide 10
    Strong Cash Generation Supports Dividend Growth Dividend per share (NOK) and Dividend Yield* 2014 Dividend Yield vs. OSX Index* 9 8.5 5.0% 9.0 8 8.0 Dividend yield % 8 4.8% 8.0 7.3 4.6% 7.0 7 6.0 6 4.9 4.4% 5.0 6 5 4.2%…
  11. PARETO SECURITIES OIL & OFFSHORE CONFERENCE – TGS – slide 11
    2014 Operational Highlights 12
  12. PARETO SECURITIES OIL & OFFSHORE CONFERENCE – TGS – slide 12
    Geographically Diverse portfolio of 3D Projects 2014 3D Acquisition Francisco 6,700 km2 long-offset, deep water Gulf of Mexico Olho de Boi, Brazil 5,000 km2 in partnership with Dolphin HFCE14 3,100 km2 Hoop Basin P-CableTM…
  13. PARETO SECURITIES OIL & OFFSHORE CONFERENCE – TGS – slide 13
    Active year for 2D Seismic Projects 2014 2D Acquisition Newfoundland Labrador - 30,000 km partnership with PGS Snipe Phase 52 - 12,000 km long offset ultra- deep water Gulf of Mexico NBR14 - 9,300 km long offset extension, eastern…
  14. PARETO SECURITIES OIL & OFFSHORE CONFERENCE – TGS – slide 14
    TGS Continues to Invest Onshore North America Cheyenne 1,800 km2 multi-client 3D project in Colorado focused on liquid plays in Mississippian and Pennsylvanian intervals Rush Creek 440 km2 multi-client 3D project in Texas focused…
  15. PARETO SECURITIES OIL & OFFSHORE CONFERENCE – TGS – slide 15
    Enhancing Value through Technology TGS applies appropriate technologies to address imaging challenges associated with specific geologies and operating environments TGS acquires complementary data products to expand and enhance its…
  16. PARETO SECURITIES OIL & OFFSHORE CONFERENCE – TGS – slide 16
    Well Log Coverage by Country TGS owns and manages a global well log database Strong synergies with multi-client seismic data business 17
  17. PARETO SECURITIES OIL & OFFSHORE CONFERENCE – TGS – slide 17
    Outlook 18
  18. PARETO SECURITIES OIL & OFFSHORE CONFERENCE – TGS – slide 18
    Softer E&P Spending Outlook E&P Spending 2000 2015E 1600 35% Strong E&P spending growth in 1400 30% 2010 2013 followed by 1200 25% expectations of a softer market in 20% 2014 and 2015 1000 15% 800 10% Continued focus on…
  19. PARETO SECURITIES OIL & OFFSHORE CONFERENCE – TGS – slide 19
    Current Market Provides Opportunities to Grow Market Share TGS Market Share: Multi-Client Revenue Current market characterised 27% by capital discipline among oil 23% 22% companies; provides 21% 21% 19% opportunities to grow…
  20. PARETO SECURITIES OIL & OFFSHORE CONFERENCE – TGS – slide 20
    License Round Activity and TGS Positioning North & South America Africa, Middle East, Asia Pacific Europe / Russia Central GOM Mar 2015 (5-Year Plan) Madagascar 2014/15 (expected) Norway APA Sep 2014 (bids due) Western GOM Aug 2015…
  21. PARETO SECURITIES OIL & OFFSHORE CONFERENCE – TGS – slide 21
    NSA Capacity Secured for 2014 EUR AMEAP 3D Vessel Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec CGG Alize Gulf of Mexico BGP Prospector Benin Sanco Swift Brazil JV Polar Duchess Australia Australia Geo Caspian Australia…
  22. PARETO SECURITIES OIL & OFFSHORE CONFERENCE – TGS – slide 22
    Summary 2014 on track with Q2 revenues of 205 MUSD Q2 2014 Operating profit of 82 MUSD, 40% of net revenues Q2 2014 multi-client investments of 114 MUSD TGS continues to benefit from its well positioned library and continues to see…
  23. PARETO SECURITIES OIL & OFFSHORE CONFERENCE – TGS – slide 23
    Thank you Robert Hobbs CEO 2013 TGS-NOPEC Geophysical Company ASA. All rights reserved.

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