4th Quarter and Full-Year 2013 Financial Results All results are presented before Non-Recurring Items linked to Fugro (NRFI) and before impaiment & write-off, unless stated otherwise
2013 Key achievements Industrial Successful integration of Fugro Geosciences assets and people 92% fleet production rate - a record high level Technology Launch of Sercel 508XT, new land equipment acquisition system and Sentinel MS…
2013: Challenging market conditions A strong H1 driven by: Good level of equipment sales, especially in Russia Strong marine operational performance and improved pricing conditions High multi-client revenue Solid Subsurface Imaging…
Q4 2013 Group Revenue (In million ) Group Revenue at 955m, up 2% year-on-year 1,032 Equipment at 317m, up 10% 955 Acquisition at 459m, down 9% 938 908 GGR at 371m, up 28% 871 EBIT at 73m, down 41%, and a 7.6% margin…
2013: Revenue growth in a contrasting year Group Revenue Group Revenue at 3.8 bn, up 10% 2012 (In million ) 2013 +10% 17% positive impact of Fugro Geoscience (4)% negative impact of the SWOBS carve-out 3,411 3,766 (3)% on organic…
2013: Good resilience in a contrasting year EBIT at 423m corresponding to a 11.2% margin EBIT margin at 13.4% in H1 and at 9.0% in H2 H1 Group EBIT +5% (In million ) H2 EBIT Margin 423 404 Non-recurring items : NRFI (17)m…
2013 Operational Review 8
Equipment: Resilient despite lower revenues Land equipment Revenue/EBIT (In million ) Total sales were 1,045m, down 13%: Marine equipment EBIT Margin External sales at 834m, down 13% 1,204 1,142 57% land equipment and 43% marine…
Acquisition: Challenging market conditions Land & Airborne Acquisition revenue at 2,226m, up 19% Marine Acquisition Revenue (In million ) EBIT Margin External revenue at 1,636m, up 9% 2,226 1,878 440 Land & Airborne revenue at…
GGR: Solid and sustained profitability MC Revenue GGR revenue at 1,296m up 36% Other GGR GGR Revenue (In million ) EBIT margin Multi-Client at 585m, up 24% with capex up 29% 1,296 y-o-y: 950 939 711 Strong H1 multi-client…
2013 Financial Review 12
2013 Cash: In line with our target EBITDAs EBITDAs : 1,160m, up 15% and a 30.8% margin Margin (In million ) Equipment at 339m, a 32.4% margin 1,160 1,012 Acquisition at 369m, a 16.6% margin 824 30.8% GGR at 780m, a 60.2%…
2013 Balance Sheet and Acquisition impairment & write-off Acquisition Impairment & write-off: 800m Land: 79m as a result of overall more difficult market conditions Marine 721m o 139m vessels fair value rebasement to reflect future…
Outlook
2013-2016: Business context remains favorable for our unique integrated Geoscience Group Exploration Unique expertise in Geology Equipment leadership cutting edge New frontier exploration Complex geological pattern High-end and…
Strategic Roadmap: New Land Acquisition set up KUWAIT Strengthened presence in Middle East 2 mega-crews 150 000 to 200 000 channels / crew Historical long-term partnership with TAQA in the Middle East CGG holding 49% of the new…
2014 Management priorities Focus on commercial performance in market conditions expected to remain stable with a low Q1 CGG backlog as of January 1st: 1.35bn Marine fleet coverage: 100% booked in Q1, 75% in Q2, 35% in Q3 Focus on…
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