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 The absorption of marine overcapacity…
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…
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Improvement in Operating Income Revenue breakdown in Q1 2012 (In million ) Group Revenue was 787m, up 8% y-o-y and Sercel Marine down 13% sequentially 348m 189m Group Sales record for Sercel at 348m 787m Land 123m Services…
Financial Indicators Strong Balance Sheet Capital Employed as end of March 2012 (In million ) Goodwill 2 716 m Equity & 3 930 m Minority Interests MC Library 536 m Net Fixed 1 732 m Assets Net 1 512 m Net Debt…
Liquidity and Long Term Debt Liquidity at 740 million Debt Maturity Profile As of end of Q1 2012 As of end of Q1 2012 (In million ) (In million ) 200 470 51 79 462 650 400 350 Outstanding Undrawn US Undrawn FR 2011 2012…
Sercel: Outlook - market expected up 10% Q1 2012 Results Revenue Revenue at record high level: 348 million 1,209 (In million ) 1,142 Land: Strong sales mainly related to high channel counts 1,000 crews in the Middle East 858…
Marine: Fleet Modernization Plan completed 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…
2012 Marine Acquisition Perspectives 604 Number530 of vessels 65 Q1 2012 Results 61 58 52 Revenue down 5% year-on-year 43 21 27 32 41 15 Production rate back to 92% 12+ Str 9 11 Contracts executed with historic low prices 10…
Global Seismic Offshore 2012 Perspectives Arctic US Arctic Russia North Sea Average 2011 : 18 Potential 2012 & 2013: 21 Offshore China Mediterranea Average 2011 : 0 Potential H2 2012: 3 GoM Average 2011: 2 South East Asia…
2012 Multi-Client Perspectives Q1 2012 Results Multi-Client Revenue up 52% y-o-y Strong marine after-sales in the GoM and the North Sea MC Capex focused offshore Brazil and onshore in Alaska and Marcellus basin Depreciation rate…
2012 Land Perspectives Q1 2012 Results Revenue down 23% y-o-y Strong winter campaign in North America with 12 crews Sustained activity in Saudi Arabia Mobilisation of our land crews in North Africa in a still uncertain…
2012 Processing, Imaging and Reservoir Perspectives First HiRes BroadSeis WAZ survey Q1 Revenue up 6% Exclusion Zone Paris ring road Strong activity in the hub open processing of our vessels centers 8 km Strong market conditions…
2012 Perspectives: Growth and Performance Pursuit of our 2011-2012 performance plan Objective of 150 million additional operating income by the end of 2012 Investments guidance confirmed: Recurring Industrial Capex of around 250…
2012 Perspectives: Growth and Performance Group revenue is expected to grow 10%-15% Sercel should continue to grow and deliver excellent results Services should improve significantly, especially in the second half of the year…
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