Agenda A Favorable Environment for Geoscience Fugro Geoscience Integration on Track 2013 Outlook 2
A Favorable Environment for Geoscience E&P spending is strengthening leading to: Increased global geophysical activity in ultra deep waters and new frontiers Geology & Geophysics role becoming critical, Extra demand in data content…
Fugro Geoscience Integration on Track 4
Delivering the Transformation of the New CGG Building the New CGG A new organization and clear Integration Plan already in place for full efficiency by end H1 Maintaining strong focus on cost base and Accelerating Growth operational…
New Organization Implemented Geology, Equipment Acquisition Geophysics & Reservoir Full range of products and clear Full range of seismic and other Exploration & Appraisal market leadership Onshore, geophysical methods for…
Acquisition: An Integration Well on Track The integration of Fugros four C-Class vessels in the CGG fleet is progressing well as planned On 1st May, two of the four C-Class vessels were equipped with BroadSeis technology during…
Targeted Right-sized Fleet HIGH-END CAPACITY Mid-End CAPACITY 12-20 streamers 8-10 streamers Oceanic Sirius Oceanic Vega Geo Coral Symphony Geowave Voyager Viking Vanquish 20 Tow Points 20 Tow Points 16 Tow Points 12 Tow Points…
GGR: A Leader Already Operational Geology and basins Robertson reinforces CGGs portfolio with 350 people specializing in geology Multi-Client 50 people specializing in complementary sedimentary basins Data Management A full range…
Q1 Key Figures Geology, Equipment Acquisition Geophysics & Reservoir Revenue: 251 million Revenue: 594 million Revenue: 260 million EBIT: 69 million EBIT: 47 million EBIT: 81 million EBIT margin: 28% EBIT margin: 8% EBIT…
Capital Employed by March-End 2013 (In US) Variance Q1 171m Fugro Seabed 1,238m JV Impact 3,112m Goodwill ACQUISITION c.3.3bn 726m MCS Library Dec-end 2012 5,367m c.2.7bn GGR 2,058m Fixed Assets Investment in Equity…
Variance of Net Debt Between Dec-end and March-end Free Cash Flow (132)m (In million) Before Non-Recurring Fugro Items 32m (34)m (26)m 38m 8m Industrial Multi- 2,092m Client 1,950m (79)m 203m Dec-end 2012…
2013 Outlook
2012 Activity and 2013 Trends for New CGG 2012 Activity* 2013 Trends Stable External Revenue Equipment - Large land projects delayed in 2014 - Stable marine market Increase in R&D capex Revenue: 1.2 Bn - Launch of new products…
Multi-Client Data Library: Santos Basin 16
2013 Financial Objectives In this year of transformation: Total capex should be around 350 - 400 million Multi-client Cash capex should be around 350 - 400 million with a prefunding rate above 75% In 2013, the capital gain from the…
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