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EAGE Conference – TGS

TGS · Jun 1, 2015 · 20 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. EAGE Conference – TGS – slide 1
    EAGE Conference June 2015 Robert Hobbs Kristian Johansen CEO COO / Interim CFO
  2. EAGE Conference – TGS – slide 2
    Introduction to TGS 2015 TGS-NOPEC Geophysical Company ASA. All rights reserved. 3
  3. EAGE Conference – TGS – slide 3
    This is TGS Main offices: Calgary London Oslo and Houston Oslo Regional offices: London, Perth, Calgary, Singapore and Rio de Janeiro Fundamental values: Unmatched Quality and Service, Growth for Stakeholders Houston…
  4. EAGE Conference – TGS – slide 4
    Well positioned in the seismic value chain M U LT I - C L I E N T SERVICES Geophysical Data Geological Data Imaging Services 2D Seismic Digital well data Seismic processing 3D Seismic Directional Surveys Complex depth imaging…
  5. EAGE Conference – TGS – slide 5
    TGS competitive advantage Asset light business model Global Quality Flexibility Geographically diverse Balance sheet data library Investment decisions not People and culture driven by vessel utilization Leadership in mature…
  6. EAGE Conference – TGS – slide 6
    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…
  7. EAGE Conference – TGS – slide 7
    Strong Cash Generation Delivers Shareholder Value Dividend per Share (NOK) and Dividend Yield* 2015 Dividend Yield vs OSX Index* 9 8,5 8,5 6,0% 8 5,2% 8 5,5% 7 4,1% 6 6 5,0% 3,4% 3,4% 5 3,1% 5 4 4,5% 2,5% 4 2,2% 2,0% 2,0% 1,9% 3…
  8. EAGE Conference – TGS – slide 8
    2015 Outlook 2015 TGS-NOPEC Geophysical Company ASA. All rights reserved. 9
  9. EAGE Conference – TGS – slide 9
    Key Financials Net Revenues EBIT before non-recurring items 210 191 271 222 205 190 298 172 350 140 50% 300 9 120 10 40% 250 11 100 12 8 30% 200 9 9 6 80 226 150 218 137 60 120 111 20% 155 137 130 72 98 94 100 138 40 80 82 71 10%…
  10. EAGE Conference – TGS – slide 10
    Balance Sheet USD million Q1 2015 Q4 2014 Change in % Assets Cash and cash equivalents 352 256 37% Other current assets 312 521 -40% Total current assets 664 778 -15% Intangible assets and deferred tax asset 83 85 -2% Other…
  11. EAGE Conference – TGS – slide 11
    Backlog Historical Backlog (MUSD) 2011 - 2015 350 300 250 200 150 281 293 260 242 224 100 211 213 193 188 185 178 153 143 146 124 134 50 0 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2011 2011 2011 2012 2012 2012 2012…
  12. EAGE Conference – TGS – slide 12
    Outlook Demand for seismic data has significantly deteriorated over the first three months of 2015 and the outlook for improvement in the market remains quite uncertain EUR Ringvassy 3D (JV with Dolphin) and Europa 3D seismic…
  13. EAGE Conference – TGS – slide 13
    License Round Activity and TGS Positioning North & South America Africa, Middle East, Asia Pacific Europe / Russia Central GOM Mar 2016 (5-Year Plan) Madagascar 2015 (expected) Norway APA Sep 2015 (bids due) Western GOM Aug 2015…
  14. EAGE Conference – TGS – slide 14
    NSA 2015 Projects Schedule EUR AMEAP Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Sanco Swift Australia Sanco Sword Australia 3D & WAZ Polarcus Adira Gulf of Mexico Barents Sea Option CGG StagSeisTM Crew Gulf of…
  15. EAGE Conference – TGS – slide 15
    Modern 2D Grid in U.S. Gulf of Mexico TGS is applying the latest acquisition and processing technologies to deliver a high resolution, long offset, modern 2D seismic grid encompassing the frontier ultra deep U.S. Gulf of Mexico…
  16. EAGE Conference – TGS – slide 16
    Mexico deepwater virtually unexplored Well type Water US Mxico Depth (m) Exploratory < 100 14,778 474 Development < 100 29,840 n/a Exploratory 100 4,204 117 Development 100 4,361 n/a 2015 TGS-NOPEC Geophysical Company ASA.…
  17. EAGE Conference – TGS – slide 17
    Gigante Mexico Regional 2D 181,500 km regional 2D seismic survey in the Gulf of Mexico. Gigante will cover the vast offshore sector of Mexico, including world class producing trends such as the Perdido fold belt and Campeche Bay…
  18. EAGE Conference – TGS – slide 18
    Summary Challenging seismic market characterized by uncertainty. However, long-term future of asset- light, focused multi-client business remains strong TGS has a strong backlog of 193 MUSD Cash balance of 352 million at 31 March…
  19. EAGE Conference – TGS – slide 19
    TGS Performs in all Cycles EBIT margin vs. Seismic peers Return on Capital Employed 80% 80% 70% 60% 60% 40% 50% 20% 40% 30% 0% 20% -20% 10% -40% 0% Peer Average TGS ROCE WACC Average EBIT margin above…
  20. EAGE Conference – TGS – slide 20
    Thank you www.tgs.com 2015 TGS-NOPEC Geophysical Company ASA. All rights reserved.

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