CGGVeritas: A Fully Integrated Seismic Provider... Revenue breakdown in H1 2012 (In million ) Sercel Marine Equipment: Sercel, the industry leader 633m 477m H1 Leadership based on technology and installed base Group 1,618m Land…
Agenda First Half 2012 Financial Review Market Trends and Seismic Technologies 2012 Outlook and Operational Perspectives Appendix 3
First Half 2012 Financial Overview Revenue H1 (In million ) Revenue 1,618 million, up 9% 3,850 Sercel at 633m, up 17% 3,109 3,180 2,904 External sales at 487 million 30% contribution to Group Revenue Services at 1,130m, up 6%…
First Half 2012 Financial Overview H1 EBITDA (In million ) EBITDAs: 440 million, 27% margin 1,566 Sercel at 229m, a 36% margin 992 Services at 287m, a 25% margin 824 824 Total Capex of 382 million 682 514 440 Industrial Capex:…
Agenda First Half 2012 Financial Review Market Trends and Seismic Technologies 2012 Outlook and Operational Perspectives Appendix 6
A Favorable Environment for Seismic Growth E&P spending is strengthening leading to: Increased global geophysical activity in ultra deep waters and new frontiers Increase in exploration spending with the third consecutive year of an…
Seismic Market 2012 Seismic services market is expected to continue to grow in line with exploration component of E&P budget As forecast, the marine Supply/Demand balance seems to have reached an equilibrium with the highest bid…
New Exploration Frontiers Arctic US Arctic Russia China Sea Caribbean Gulf of Bengal South East Asia East Africa Namibia/ South Australia Africa Uruguay Higher confidence in good pricing conditions for 2012 and…
Seismic Technology Trends Acquiring seismic data with more Better Resolution frequency content: low frequency, wide band Better Illumination Acquiring seismic data with more azimuthal content and longer offsets Up 10%-15%…
Broadband versus Conventional Technology A sharp increase in Broadband technology demand since the end of 2010, representing today 20% of total 3D surveys Conventional 3D Tenders Exclusive Broadband 3D Tenders 11
BroadSeisTM Technology Differentiation A technology differentiation required for high-resolution seismic The recording of high and low frequencies covering 6 octaves improves resolution and interpretation of geologic structures…
StagSeis: A Major Innovation in Marine Acquisition and Imaging There are some complex geological structures, such as GoM pre-salt, where existing acquisition techniques (NAz, WAz, RAz, MAz) still leave imaging problems and unknowns…
2012 Multi-Client IBALT program in Gulf of Mexico with StagSeis Technology CGGVeritas is returning to the Gulf of Mexico mid 2012 with StagSeis a new acquisition and imaging technology Capitalize on our core basins in select locations…
Agenda First Half 2012 Financial Review Market Trends and Seismic Technologies 2012 Outlook and Operational Perspectives Appendix 15
2012 Prospects : Growth and Performance Group revenue should grow 10%-15% Sercel expected to continue to grow and deliver excellent results Services expected to improve significantly Marine vessel utilization rate should continue…
2012 Prospects : Growth and Performance 2011-2012 performance plan: 150 million additional operating income target confirmed H2 capex potentially revised up to take advantage of the positive market cycle Marine Multi Client at…
Agenda First Half 2012 Financial Review Market Trends and Seismic Technologies 2012 Outlook and Operational Perspectives Appendix 19
Financial Indicators Strong Balance Sheet Capital Employed at end of June 2012 (In million ) Goodwill 2 709 m Equity & 3 925 m Minority Interests MC Library 561 m Net Fixed 1 735 m Assets 1 600 m Net Debt Net…
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