First Semester 2013 Delivering the Transformation of the New CGG
Accelerating the Transformation of the New CGG
Accelerating the Transformation of the New CGG Understands Clients Challanges 4
H1 Key Figures: Strong Operational Improvement Revenue EBIT (In million US) 1902 +17% +67% 256(1) 1618 153 H1 2012 H1 2013 H1 2012 H1 2013 EBITDAs Net Income +37% X2,8 606(1) 441 73 31 H1 2012 H1 2013 H1…
Accelerated Mid Term Financing with Debt Maturity Extension (In million US) Capital Employed Capital Employed (In billion US) per Division 0.8 Equipment Acquisition 2.8 GGR 3.3 A five-year 200-million credit facility…
2013 Financial Objectives Confirmed Integration is progressing well and already bearing fruit In this year of transformation Multi-client Cash capex is revised up at around 400-450m Prefunding rate expected above 75% Industrial capex…
Market Trends by Division & H1 Performance 8
Industry Trends Moving Forward A Strong Drive for Geosciences Increasing resolution for smaller geologic features Improved data quality to image complex geology Acceleration into reservoir characterization & production while…
Equipment Division 10
Seismic Equipment Market: 2013 a Year of Transition 1900 1950 1970 1800 1520 1280 - Land Equipment expected to increase in the years to come driven by mega crews awards in the Middle East - Marine market mainly driven by…
Equipment : A Sustained 28% EBIT Margin (In million US) Revenue Total Revenue at 505m, down 20% Sales breakdown: 49% Marine and 51% Land 633 571 Solid sales in Eastern Europe, Asia and Russia for winter operations 505 Sales in…
Sercel: An Unrivalled Install Base 2/3 of worldwide land crews 408UL/428XL sales: 4,100,000 channels (of which 500,000 digital channels) Unite sales: 110,000 channels UNITE DSU1 Digital single sensor 428XL 2/3 of worldwide…
Acquisition Division Delivering a full spectrum of geophysical data All geophysical methods All environments Land Marine Seabed* Seismic Non-Seismic Airborne Land Marine *Seabed Geosolutions joint venture is 60%-owned by…
Acquisition : Solid Marine Performance (In million US) Total Revenue at 1,199m, up 41% Revenue External Revenue at 898m Marine Other Acquisition 1199 Marine Acquisition : 1028 Strong increase in revenue up 80% 849 Excellent…
Potential Growth Areas for Marine Acquisition 16
An Increasing Demand for 3D Broadband In three years time, Broadband has made a major breakthrough into the marine market 17
BroadSeis: A Picture is Worth a Thousand Words 18
Geology, Geophysics and Reservoir Division Geology and Basins Multi-Client Subsurface Imaging Reservoir Characterization Data Management Services & Solutions spanning every step from Exploration to Production Leadership across…
GGR : Excellent Performance Across Activities (In million US) Revenue up 50% Revenue Multi-client & basin data Multi-client and basin data revenue up 69% Imaging & Reservoir 626 235m cash capex in GoM, North Sea and onshore US 531…
Evolution of Subsurface Imaging Revenue 43 Processing centers worldwide Processing Revenue 485 442 398 403 387 300 240 7 2008 2009 2010 2011 2012 H1 2013 6 5 CPU PFlops GPU 4 3 2 1 0 64 k CPU Cores 2008 84 k CPU…
CGG Global Library: Recent and Well-Positioned 3D: 97,000 km2 N. Sea Canada 3D: 21,000 km2 Caspian US Land 3D: 39,000 km2 GOM 3D: 225,000 km2 3D: 11,000 km2 W. Africa 3D: 3,500 km2 Australia Brazil 3D:…
Multi-Client Data Library: Santos Basin 23
Focus StagSeis: Ibalt GoM Program 4.8 km 18 km 20 streamers vessels Source vessels 24
Full Azimuth (FAZ) (up to 9km) Houston StagSeis Ultra-Long Offset BroadSeis (Broadband (up to 18km) Solution) 25
Conclusion Integration of Fugro Geoscience already bearing fruits Solid H1 2013 operational and financial performance Unique history of innovation and leadership A fully integrated geoscience company CGG is well poised to reap…
Thank you
CGG Fleet HIGH-END CAPACITY Mid-End CAPACITY 12-20 streamers 8-12 streamers Oceanic Sirius Oceanic Vega Geo Coral Symphony Geowave Voyager Viking Vanquish 20 Tow Points 20 Tow Points 16 Tow Points 12 Tow Points 12 Tow Points 12…
The New CGG Roadmap Building the New CGG A new organization and clear Integration Plan already in place for full efficiency by end H1 Maintaining strong focus on cost base and Accelerating Growth operational excellence People, Asset…
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