Forward Looking Statements All statements in this presentation other than statements of historical fact, are forward-looking statements, which are subject to a number of risks, uncertainties, and assumptions that are difficult to…
2012 Another Record Year for TGS Revenue development last 10 Years In 10 years, TGS revenues have 1,000 931 grown by 7 times from 124 MUSD to 900 931 MUSD (CAGR of 22%) 800 Q4 revenues expected to be CAGR 22% approximately 280…
Superior Value Creation for Shareholders Share price performance vs. OBX last 10 years 6 5 Strong commitment to return cash to 4 shareholders Healthy cash generation and strong cash balance Business model proven through the…
Well Positioned in the Seismic Value Chain Multi-client Services Geophysical Data Geological Data Imaging Services Reservoir 2D Seismic Digital well data Seismic processing Integrated Permanent Reservoir Monitoring 3D Seismic…
TGS Value Proposition Strong balance sheet provides flexibility Unique high-quality data in the right place at the right time Multi-client model allows customers to access data at a reduced cost Vendor neutral philosophy…
Strong Balance Sheet Backing TGS Strategy Other 131 307 Goodwill 113 Current liabilities Cash 205 133 Cash balance per Q3 2012 Non-current liabilities represents 205 MUSD 404 Dividend paid in June 2012 of 103 Receivables…
Positive Market Drivers in Oil Services World Liquid Fuel Supply Oil and gas reserves continue to decline More oil produced from existing reserves than we are discovering Political instability and closed markets reduces…
E&P Spending Increase of 7% Expected For 2013 Barclays expect 2013 global E&P spending to surpass 640 BUSD More than 300 oil and gas companies worldwide participated in the Barclays Capital survey about their spending intentions…
License Round Activity and TGS Positioning Northeast Greenland: Pre-round for Kanumas Consortium closed Dec 2012 with awards expected Norway: Mar 2013 22nd Concession Round closed with awards expected Q2 2013 Ordinary Round opens 15…
Key Drivers for Continued Outperformance Geographic region Share of 2012 revenues Key drivers for 2013 investments and growth EUR Recent discoveries in mature markets in North Sea triggers increased optimism and demand for modern…
Current Onshore Surveys Ille Lake 3D United States Canada Firestone 3D - expanded to 658 km2 in liquid rich Neptune South - 218 km2 of 3D data in the Bakken Oil play Utica play Unity North - 130 km2 of 3D data in the Birdbear…
Northwest Africa Mauritania expansion 11,032 km 2D* Acquisition completed November 2012 Phase 1 data available 17,674 km 2D* 2,567 km2 3D *In partnership with Dolphin Geophysical 13
Angola 3D Extension Original survey 12,500 km2 Conjugate margin pre-salt basins, similar to hydrocarbon rich basins offshore Brazil Acquisition completed in late November 2012 Extension 4,064 km2 M/V Geco Eagle Data…
Amerigo 3D Central Gulf of Mexico Amerigo - 7,000 km2 Acquisition commenced Dec 2012 and will complete in Q2 2013 Leverages adjacent TGS 3D data 12,000 m offsets allow for a deeper image Broadband Clari-Fi processing Preliminary…
Reprocessing Existing Library with Broadband Original processing Processing methodology that increases bandwidth and improves imaging May be applied to conventionally acquired pre- or post-stack data Addresses ghost and…
Capacity Secured for 2013 EUR NSA Vessels committed per Jan 2012 AMEAP Option Vessel Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Viking Vision Mary Rose Geo Atlantic Mary Rose ext. Geco Eagle Angola 36/37 WG WAZ Crew…
Summary Record high revenues in Q4 2012 of approximately 280 MUSD (up 55% Y/Y) Full year revenue guidance exceeded with 2012 revenues of approximately 931 MUSD Q4 investments of approximately 93 MUSD to reach full year investments…
TGS Performs in all Cycles ROCE vs. Seismic Peers EBIT Margins vs. Seismic Peers 100% 80% 80% 60% 60% 40% 40% 20% 20% 0% 0% -20% -20% -40% -40% -60% -60% -80% -80% -100% -100% -120% 1998 1999 2000 2001 2002 2003 2004…
Thank you 2013 TGS-NOPEC Geophysical Company ASA. All rights reserved.
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