TGS - 2012 TGS 2012 Guidance 10 January 2012 Robert Hobbs - CEO
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…
The Growth Story Continues... Revenue development last 10 years In 10 years, TGS revenues have 700 grown by 5 times from USD 124 CAGR: +17% 600 million to approximately USD 609 million (CAGR of 17%) 500 Expected revenues in 2011 of…
E&P Spending Increase Expected in 2012 in Millions 2011E 2012E % Change Barclays E&P spending survey 2012 US Spending 111,735 122,444 10% Roughly 350 oil and gas companies Canada Spending 36,076 37,260 3% worldwide surveyed about…
License Round Activity and TGS Positioning Norway: 22nd Round nominations due in Northeast Greenland: January 2012 Opens 1 January 2012 22nd Round blocks announced Bids due December 2012 summer 2012 United Kingdom: UK 27th round…
Constitution Wide Azimuth Complex Existing Surveys Freedom 16,610 km2 Liberty 3,094 km2 Justice 7,911 km2 2012 Plans Patriot - 11,665 km2 Acquisition commenced in December, 2011 Multi-WAZ survey Acquired 90 degrees to original…
Recent TGS Success. And Further Opportunity for Growth Significant expansion into new areas Northwest Australian shelf with two 3D surveys US Onshore shale plays Continued growth in existing markets West Africa (Namibia, Sierra…
Significant Capacity Secured for 2012 Vessels committed per Jan 2011 3D 2D Vessels committed per Jan 2012 3D 2D 8
Summary Market outlook 2011 revenue guidance successfully realized Healthy 2012-outlook for E&P and seismic spending Lease sales in key geographic markets expected to trigger continued growth in late sales However, continued…
2012 Guidance Multi-client investments 315 365 MUSD Average pre-funding 50 60% Average multi-client amortization rate 41 47% Net revenues 700 760 MUSD Contract revenues approximately 5% of total revenues 11
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