Agenda Q3 2012 Review Update on Geosciences Strategy Outlook and Perspectives 3
Q3 Main Elements Operational Performance Marine production rate above 90% for the third consecutive quarter Services back to a double digit margin, the highest since Q1 2009, despite weak multi-client sales this quarter Continued…
Q3 2012 Financial Overview Revenue (In million ) Revenue 855 million, up 7% 906 Sercel at 283m Internal sales at 22% 855 External sales at 221 million, up 8% 831 26% contribution to Group Revenue 797 787 Services at 634m, up…
Q3 2012 Financial Overview EBITDA EBITDAs: 278 million, 32% margin (In million ) Sercel at 105m, a 37% margin 273 278 248 228 Services at 210m, a 33% margin 212 Total Capex of 196 million (577m YTD) Industrial Capex: 63m (273m…
Agenda Q3 2012 Review Update on Geosciences Strategy Outlook and Perspectives 8
Acquisition of Fugros Geoscience Division Acquisition of Fugros Geoscience Division announced last September 24th Excluding existing Multi-Client and nodes business Creation of strategic partnerships with Fugro Joint Venture creating…
This deal is more than just four 12 streamers vessels 10
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Focus on Fugros Fleet HIGH CAPACITY 3D MID CAPACITY 3D Geo Coral Geo Pacific Up to 8 streamers Up to 16 streamers Built in 1987, upgraded in Purpose-built in 2010 2006 Owned Owned Geo Celtic Geo Atlantic Up to 10 streamers Up…
Global Seismic Offshore Q3 2012 Greenland Q3 2012: 3 Arctic Russia Q3 2012: 3 North Sea Q3 2012: 15 Canada Q3 2012: 2 Black Sea Mediterranea Q3 2012: 1 Q3 2012: 1 China GoM Q3 2012: 1 Q3 2012: 6 Caribbean India South…
this is a significant move into the Geosciences businesses 15
Geoscience: Becoming a Reservoir Data Company Exploration Delineation Development Production Seismic model Static model Dynamic model Equipment Data acquisition Processing Interpretation Reservoir Modeling Reservoir…
What are we buying 17
Acquisition of Fugros Geoscience Division Transforming CGGVeritas into a fully integrated Geoscience Company Data Processing Exploration & Reservoir Equipment Acquisition & Imaging Appraisal Characterization De Regt Marine: Seismic…
The New Group tomorrow 19
A Fully Integrated Geoscience Company Geoscience Data Acquisition Equipment Processing & Imaging Marine Acquisition 16 vessels Processing & Imaging Three Mid Four High-End Class 12+ streamer 8 streamer Sercel vessels vessels…
Signature of a Collaborative Relationship Agreement with Baker Hughes on the Shale Plays Identifying sweet spot and improving development decisions Optimizing well placement in the play and in the field (finding sweet spots) Optimizing…
Agenda Q3 2012 Review Update on Geosciences Strategy 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 2012 objectives…
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