TGS 2012 Pareto Oil and Offshore Conference 12 - 13 September 2012
Forward-Looking Statements All statements in this presentation other than statements of historical fact, are forward-looking statements, which are subject to a number of risks, uncertainties, and assumptions that are difficult to…
Company Overview 3
This is TGS Leading provider of multi-client seismic TGS Main Offices data and related geoscientific products to the oil & gas industry Stavanger Oslo Calgary London Main offices: Houston and Oslo Houston Regional offices:…
Company Milestones 5
Well Positioned in the Seismic Value Chain Multi-client Services Geophysical Data Geological Data Imaging Services Reservoir 2D Seismic Digital well data Seismic processing Integrated Permanent Reservoir Monitoring 3D Seismic…
TGS Value Proposition Strong balance sheet provides flexibility Unique high-quality data in the right place at the right time Multi-client model allows customers to access data at a reduced cost. Vendor neutral philosophy…
Strong Balance Sheet Backing our Strategy Other 132 311 Goodwill 112 Current liabilities Cash balance per H1 2012 represents Cash 225 134 Non-current liabilities USD 225 million Dividend paid in June 2012 of 103 Receivables 341…
Track Record of Performing through the Cycles TGS multi-client projects return 2-2.5 times cost. Demand for data drives TGS performance TGS best at top of the cycles, but multi- client model also provides protection at the…
Outlook 11
Key M&A Facilitates Further Growth Canadian geophysical company founded in 1996 with a head office located in Calgary. Arcis employs over 80 professional and technical personnel who have a broad range of skills, expertise and…
License Round Activity and TGS Positioning Northeast Greenland: Norway: Pre-round for Kanumas 22nd Round bids due 4 December Consortium - bids due 2012 with awards in early summer 15 December 2012 2013 Ordinary Round opens 15 June APA…
Key Drivers for Continued Seismic Outperformance Geographic region Share of H1 2012 revenues Key drivers for future investments and growth EUR Recent discoveries in mature markets in North Sea triggers increased optimism and demand…
2012 Investments Boosted by Onshore Opportunities Entered onshore multi-client seismic market in 2011 Growth through organic growth and the acquisition of Canadian based Arcis Seismic Solutions Business model and return on…
Current Onshore Surveys Firestone 3D - Expanded to 658 km2 in liquid rich Utica play Bucklin 3D - 421 km2 of 3D data in Mississippi Lime Oil Play Wellington 3D - 510 km2 of 3D data in the Mississippi Lime Oil Play Neptune South…
Australia Continued Expansion Mary Rose 8,800 km2 Acquisition complete Mary Rose NE 3,500 km2 Acquisition complete Gnaraloo 2,300 km2 Acquisition complete Honeycombs 2,500 km2 Acquisition in progress TGS portfolio of 3D…
Barents Sea Extensive Coverage TGS has a total of 148,289 km of 2D data in the Barents Sea TGS has a total of 14,870 km2 of 3D data in the Barents Sea 18
Acquisition Capacity Secured EUR AMEAP NSA Option 3D Vessel Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Viking Vision Mary Rose NW Australia Geo Atlantic MR NE. Gnaraloo Geco Eagle Angola Option Ramform Sterling Honeycombs…
2D Offshore and 3D Land Acquisition Capacity Secured 2D Vessel Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Sanco Spirit Canada Osprey Explorer NBR12 - NW Europe Akademik Shatskiy NSR12 - NW Europe NE Greenland Akademik…
Summary Consolidated H1 net revenues of 406.1 MUSD, up 51% from H1 2011 Operating profit for H1 of 183.1 MUSD, 45% of net revenues, up 57% from H1 2011 High-quality opportunity pipeline allows record high investment activity with…
TGS Performs in all Cycles ROCE vs. Seismic Peers EBIT Margins vs. Seismic Peers 100% 80% 80% 60% 60% 40% 40% 20% 20% 0% 0% -20% -20% -40% -40% -60% -60% -80% -80% -100% -100% -120% 1998 1999 2000 2001 2002 2003 2004 2005 2006…
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