Agenda Q3 2011 Review Financial Review Operational Review Outlook and Perspectives 3
Q3 2011 Strengthening Financial Results Group Revenue was 797m, up 21% y-o-y and 6% sequentially Group Operating Income was 98m, a 12% margin Sercel delivered excellent results with Operating Income of 87m, a 32% margin Services…
Positive Impacts of Performance Plan Strengthening Fleet Performance Strong utilization with vessel availability at 91% and production at 93% Vessel upgrade plan on schedule: The upgraded Oceanic Phoenix and Endeavour returned to…
Agenda Q3 2011 Review Financial Review Operational Review Outlook and Perspectives 6
Financial Performance Improving Sequentially and Year-on-Year (In million dollars) Q2 2011 Q3 2011 Q3 2010 Revenue 750 797 656 Operating Income 16 98 27 Operating Margin (%) 2% 12% 4% Cost of Debt -51 -40 -36 Other financial…
Q3 2011 Financial Overview Revenue (In million ) 9 Months Q1 Q2 Revenue was 797m, up 21% year-on-year Q3 2,361 and 6% sequentially 2,275 1,999 Sercel at 275m, up 11% y-o-y 731 797 656 Services at 592m, up 28% y-o-y Operating…
Q3 2011 Financial Overview EBITDAs Q1 746 (In million ) 9 Months Q2 EBITDAs: 254m, a 32% margin Q3 Sercel at 100m, a 36% margin 231 567 Services at 193m, a 33% margin 499 254 Cash Flow from Operations was 119m, up 157 45% in…
Accelerated Refinancing Program with Debt Maturity Extended to 2021 Ahead of the Financial Crisis 510 350 Year-end 2010 5.5 years maturity 530 400 305 7.3% cash interest 10 165 10 10 10 2011 2012 2013 2014 2015 2016 2017 2018…
Financial Indicators Strong Balance Sheet Capital Employed as end of September 2011 Goodwill 2,690 m Equity & 3,871 m Minority Interests MC Library 585 m Net Fixed 1,574 m Assets 1,543 m Net Debt Net Current Assets…
Agenda Q3 2011 Review Financial Review Operational Review Outlook and Perspectives 12
Sercel: Q3 2011 Operational Overview Revenue 9 Months (In million ) Q1 Year-on-year, revenue was up 11% with Q2 Q3 sustained strong profitability 817 716 Land equipment 643 275 247 Robust 428 and UNITETM demand for high 203…
Services: Q3 2011 Operational Overview Revenue Q1 Revenue up 28% y-o-y, operating margin strengthened (In million ) 9 Months Q2 1,817 Q3 Marine contract revenue up 69% 1,657 Early impacts of the Performance Plan 1,432 571…
Agenda Q3 2011 Review Financial Review Operational Review Outlook and Perspectives 15
Outlook and Perspectives Performance Plan progressing successfully Operational and financial results strengthening Continued focus on performance, cost reduction and differentiation We remain confident to achieve our 2011…
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