A Favorable Environment for Seismic Growth E&P spending is expected to strengthen in 2012 leading to: Increased geophysical activity The progressive absorption of marine overcapacity More favorable pricing Increasing demand for…
CGGVeritas: A Fully Integrated Seismic Provider... 2011 Revenue Breakdown Multi-client Sercel (external) Equipment: Sercel, the industry leader 497 m 891 m Processing 15% 28% Leadership based on technology and installed base 443 m…
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Improvement in Operating Income and strengthening market conditions Group Revenue was 787m, up 8% y-o-y and down 13% sequentially Sales record for Sercel at 348m Services remained stable y-o-y at 533m Group Operating Income was 54m,…
Q1 2012 Financial Overview Revenue (In million ) Revenue 787 million, up 8% 906 728 797 787 Sercel at 348m, up 26% 750 Internal sales front-end loaded at 26% Services at 531m, stable y-o-y Marine activity impacted by historic…
Q1 2012 Financial Overview EBITDA (In million ) EBITDAs: 212 million, 27% margin 273 247 Sercel at 127m, a 36% margin 212 Services at 136m, a 26% margin 156 149 Total Capex of 202 million Industrial Capex: 126m MC Cash Capex at…
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 1,000 counts crews in the Middle East 858…
2012 Marine Acquisition Perspectives 604 12+ Str Number of vessels 65 530 10 Str 58 61 Q1 2012 Results 8 Str 52 21 27 32 Revenue down 5% year-on-year 43 41 15 9 Production rate back to 92% 11 Contracts executed with historic…
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 at…
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 geopolitical…
2012 Processing, Imaging and Reservoir Perspectives Q1 Revenue up 6% Strong activity in the hub open processing centers Strong market conditions with continued differentiation through high-end imaging and worldwide local…
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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