Agenda Market Context 2011 / 2012 CGGVeritas Roadmap Q3 Financial Results Outlook and Perspectives 3
CGGVeritas: A Fully Integrated Seismic Provider Equipment: Sercel, the industry leader Leadership based on technology and installed base Excellent financial performance expected to continue Services: a leadership position in high-end…
Market: A New Cycle Supported by Technology E&P spending expected to rise 16% worldwide in 2011 and continue to increase in 2012 Oil price at sustained high levels Continued depletion of existing reservoirs Increasingly difficult…
Global Offshore View: 2011 Results and 2012 Activity Expect permit approval for 4 RDS Recent success and wells in 2012 new technology renew interest in old basin Caspian success (Ashberon) as Ongoing exploration Black…
Marine Recovery: Delayed in Key Basins Operating GoM Operating Brazil 16 7 14 6 New petroleum Brazilian law Number of 3D vessels 12 5 10 Macondo 4 8 impact 3 6 2 4 1 2 0 0 12 Operating West Africa Potential for…
Agenda Market Context 2011 / 2012 CGGVeritas Roadmap Q3 Financial Results Outlook and Perspectives 8
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…
Sercel: Strengthening its Leadership Trends and Drivers Strong demand for high resolution & increased productivity in both Land and Marine Equipment market expected to increase 10-15%: Land market up around 25% driven by technology…
Marine: Fleet Upgrade & Future Outlook 2 to 4 streamers 8 streamers 10 streamers 2/3D Princess Pacific Finder Amadeus Viking II Vantage Viking 12+ streamers Oceanic Vega Oceanic Endeavour Aliz Vanquish Challenger…
Marine: BroadSeisTM Technology Differentiation Provides enhanced resolution and stratigraphic detail Improves interpretation of structure, lithology, stratigraphy and fluid properties Innovation across all Divisions Sentinel &…
Marine Overview 9 Months Revenue In million 1,055 1,078 Trends and drivers 9% industry capacity growth in 2011 and 6% 905 778 in 2012, to be progressively offset by: 771 771 The Gulf of Mexico and Brazil recovery 571 Higher…
Land Overview 9 Months Revenue Trends and drivers 518 In million Ongoing impact from the earlier unrest in the Middle-East and North Africa 382 381 Increasing demand for mega crews for 395 reservoir delineation & production,…
Multi-Client Overview Trends and drivers Western Gulf of Mexico Gulf of Mexico lease sale confirmed for mid December and 5 years plan released Sales and outlook strengthening Commercial activity growing ahead of Brazil bid…
Our Brazil Footprint: 103,616 km2 in Key Locations Foz do Amazonas 3,820 km2 Par-Maranho 2,234 km2 Barreirinhas 2,940 km2 Ceara-Potiguar 1,000 km2 Pernambuco-Paraiba 2,720 km2 Sergipe-Alagoas 6,210 km2 Jequitinhonha…
Processing, Imaging & Reservoir Overview 9 Months Revenue Trends and drivers In million Increasing data volumes driven by high-end 399 403 389 surveys globally in land and marine Increasing technology demand 319 Advanced depth…
Agenda Market Context 2011 / 2012 CGGVeritas Roadmap Q3 Financial Results Outlook and Perspectives 18
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…
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…
Agenda Market Context 2011 / 2012 CGGVeritas Roadmap Q3 Financial Results Outlook and Perspectives 22
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…
Appendix 24
Financial Indicators 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 565 m…
BroadSeisTM Surveys since beginning of the year West Avaldsnes Shetlands North Sea Tunisia Bahamas Brunei Gabon Malaysia Brazil 26
Global Processing Centers Oslo Calgary Aberdeen Moscow London Almaty Denver MadridParis Milan Beijing Tunis Houston Tripoli Al Khobar Cairo Muscat Abu Dhabi Mumba Caracas Bangkok Lagos Kuala Lumpur Singapore Luanda…
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