1st Quarter 2015 Financial Results Delivering our Transformation Plan All results are presented before Non-Recurring Charges & write-off, unless stated otherwise
Q1 2015 Highlights In a weak market environment with low visibility Impact on revenues due to change in perimeter and market conditions CGG delivered a resilient operating income Equipment maintained market share with resilient…
Q1 2015: Positive Operating Income Group Revenue (In million ) Group revenue at 570m, down (29)% y-o-y 906 Half change of perimeter, half market conditions 806 Equipment at 125m, down (39)% 570 Acquisition at 296m, down (47)%…
Operational Review 5
Equipment: Strongly impacted by lower volumes Total sales at 125m, down (39)% y-o-y Revenue (In million ) Land Equipment Particularly low volumes in Q1 due to delays in Marine Equipment client decisions notably in the Middle East…
Data Acquisition: Difficult market conditions Acquisition Revenue Total revenue at 296m, down (47)% y-o-y Land & MP (In million ) External revenue at 217m, down (39)% Marine 35% of the fleet dedicated to multi-client production…
GGR: Continuing Sustained Profitability GGR Revenue (In million ) Total revenue at 239m, down (18)% y-o-y MC Revenue Multi-Client at 99m, down (22)% y-o-y, SI & Reservoir 489 In line with the planned decrease of our multi-client…
Financial Review 9
Q1 2015: Cash management paying off EBITDAs (In million US) (In million ) EBITDA at 145m down (23)% y-o-y A 25.5% margin 402 Operating Cash Flow stable year-on-year 116m 189 44.4% Not including (26)m non-recurring payments…
Capital Employed breakdown by end of Q1 2015 Capital Employed stable at 5.15bn Closing FX rate at 1.08 GGR at 2.9bn, including MC Library at 984m GGR Equipment at 0.75bn Goodwill Data Acquisition at 1.5bn, 85% Marine Equity &…
Outlook
Focus on Transformation Plan Execution and Cash Generation Uncertain market outlook with limited visibility Focusing on delivering the Transformation Plan with permanent attention to our HSE (Health, Safety and Environment) and…
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