Investor Presentation EAGE investor meetings Vienna, Austria 30 May 1 June, 2016
This is TGS Main offices: Calgary London Oslo and Houston Oslo Regional offices: London, Perth, Calgary, Singapore, Mexico and Rio Fundamental values: Unmatched Quality and Service, Growth for Stakeholders Mexico…
Well positioned in the seismic value chain M U LT I - C L I E N T SERVICES Geophysical Data Geological Data Imaging Services 2D Seismic Digital well data Seismic processing 3D Seismic Directional Surveys Complex depth imaging…
Q1 2016 Highlights Q1 net revenues of 64 MUSD compared to 172 MUSD in Q1 2015 Net late sales of 38 MUSD, down 47% from 72 MUSD in Q1 2015 Net pre-funding revenues of 23 MUSD were down 76% from Q1 2015, funding 43% of TGS operational…
Solid balance sheet backing TGS strategy Cash balance per Q1 2016 Other 68 Current liabilities represents 210 MUSD Goodwill 68 168 Cash 210 34 Non-current liabilities Undrawn Revolving Credit Facility of 75 MUSD Receivables…
Strong Cash Generation Delivers Shareholder Value Dividend Paid* (2010 2016) Dividend Yield (2010 2016) 1.6 6.0% 5.2% 1.4 4.9% Yield (on day of announcement) 5.0% 1.2 4.0% 3.9% 4.1% 4.0% 3.7% USD per share 1.0 3.6%…
Challenging Market for Exploration Change in Global E&P Spending Estimated change in Global E&P spending 2016 30% 25% 0% 23% 20% 18% 20% 16% 16% 16% -5% 13%12% 14% 13% 14% Change year-on-year (%) 8% 8% 10% 7% -10% -8% 4% 4%…
License Round Activity and TGS Positioning North & South America Africa, Middle East, Asia Pacific Europe / Russia Central GOM Mar 2016 (5-Year Plan) Ongoing uncertainty on timing of African Norway APA Sep 2016 (bids due) Western…
2016 Projects Schedule NSA EUR AMEAP Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Akademik Shatskiy Greenland Aquila Explorer Mexico Hawk Explorer Mexico Osprey Explorer Mexico 2D & Other Northern Explorer Mexico…
Q2 Activity Mexico Gigante 2D 186,000 km multi-client 2D survey Regional 2D survey commenced in Q2 2015 and expected to complete in late Q3 2016 Survey covers the proposed license rounds in the Perdido, Campeche and Mexican Ridges…
Q2 Activity East Canada Newfoundland Labrador 2016 Season 36,000 km multi-client 2D survey in partnership with PGS 2,000 km2 multi-client 3D survey in partnership with PGS TGS-PGS JV library in this region already exceeds 112,000…
Flexible business model with counter-cyclical qualities Cash inflow Cash outflow Oil price Vessel day rates Down 60% since summer Down 50% last three years of 2014 Risk mitigation Oil company returns(1) Vessel owners accepting…
TGS Strategy: Cost efficient, focused and quickly reacting Investment focus in areas of low break even oil price, fast payback and client activity Payback time combined with break-even oil price highlights regions that E&P companies…
Summary Challenging Q1 2016 Net revenues of 64 MUSD Q1 operating loss of 21 MUSD Strong cash flow driving increase in cash balance to 210 MUSD Quarterly dividend maintained at USD 0.15 per share (subject to renewal of the Board…
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