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…
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…
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…
Strong Q4 2013 Focus on Quality Pays Off Quarterly Net Revenues 2013 Record high quarterly late sales continues to demonstrate quality of library 300.0 Good performance from Central Gulf of Mexico and Barents Sea libraries ahead…
Strong Balance Sheet Backing TGS Strategy Other 134 Goodwill 86 318 Current liabilities Cash 187 Non-current Cash balance per Q3 2013 represents 76 liabilities 187 MUSD Dividend of 142 MUSD paid in June 2013 Receivables 429…
Returning Cash to Shareholders Dividend yield of 3.5% to 4.0% Dividend (MUSD) and Dividend Yield during last four years 160 4.2% 142 TGS holds approximately 1.4 million 140 4.0% treasury shares 120 1% of shares 93 103 3.8%…
E&P Spending Growth of 6.1% Expected for 2014 More than 300 oil and gas companies worldwide participated in the Dec 2013 Barclays Capital survey Global E&P spending in 2014 is expected to increase 6.1% to a new record of 723…
Key Drivers for Continued Growth 1. Positive outlook for growth in E&P spending 2. Demand for more advanced and expensive to maintain reserve replacement seismic technologies driving increased seismic investments and revenues World…
License Round Activity and TGS Positioning Northeast Greenland Awards from Kanumas pre-round made in Dec 2013 Ordinary round closed with awards Alaska - Offshore expected in H1 2014 Lease sales planned in 2016 & 2017 Norway 23rd…
Project Extensions Announced Gulf of Mexico Francisco multi-client 3D survey expanded from 4,662 km2 to 6,700 km2 This survey leverages adjacent TGS 3D data and utilizes TGS Clari-Fi broadband processing technology Eastern…
Africa Projects Announced Madagascar MAJ-13 and MAJ-14 7,025 km multi-client 2D surveys announced in partnership with BGP on 7 November 2013 AN-14 and CSM-14 8,847 km multi-client 2D surveys (100% TGS) announced on 9 January 2014…
First TGS 3D Project in Brazil Announced Brazil Olho de Boi 5,000 km2 multi-client 3D survey announced in partnership with Dolphin on 13 November 2013 First TGS 3D survey in Brazil The survey is designed to image pre-salt plays…
New Australia Investments Announced Great Australian Bight Nerites 8,300 km2 multi-client 3D survey announced on 23 December 2013 Survey will cover two of the newly released petroleum exploration blocks in the Great Australian Bight…
Onshore Projects Announced Cheyenne 1,689 km2 multi-client 3D project in Colorado focused on liquid plays in Mississippian and Pennsylvanian intervals Rush Creek 544 km2 multi-client 3D project in Texas focused on Granite Wash,…
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 Option Geo Caspian…
Enhancing Value through 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 filtering effects…
Geological Products and Services Continue to add digital well data to library (well logs, enhanced well logs and directional surveys) Multi-client interpretation projects drawing on geophysical and geological expertise e.g. Las…
Summary Strong Q4 2013 performance for TGS Q4 revenues expected to be approximately 270 MUSD Record high quarterly late sales Full year 2013 revenues of approximately 882 MUSD Full year revenue guidance of 810 870 MUSD exceeded…
2014 Guidance Multi-client investments 390 460 MUSD Average pre-funding 45 55% Average multi-client amortization rate 40 46% Net revenues 870 950 MUSD Contract revenues approximately 5% of total revenues 22
Thank you Robert Hobbs, CEO Kristian Johansen, CFO 2013 TGS-NOPEC Geophysical Company ASA. All rights reserved.
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