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Conference Merrill Lynch – CGG

CGG · Apr 15, 2013 · 28 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Conference Merrill Lynch – CGG – slide 1
    Conference Merrill Lynch 15 &16 April 2013
  2. Conference Merrill Lynch – CGG – slide 2
    Market Trends 3
  3. Conference Merrill Lynch – CGG – slide 3
    Market Trends Global Oil Demand (In million barrel per day) E&P: high single digit growth expected, driven 95 14 by more challenging exploration zones and 90,7 12 increased focus on production Demand change in mb/d…
  4. Conference Merrill Lynch – CGG – slide 4
    Becoming a Reservoir/Geoscience Company Geology analysis of basins Geology & Seismic Equipment Reservoir Seismic Acquisition: Marine, Land & Airborne Interpretation Drilling & Processing & Imaging Completion Softwares and Services…
  5. Conference Merrill Lynch – CGG – slide 5
    A Transformed Company
  6. Conference Merrill Lynch – CGG – slide 6
    Our New Organization Geology, Equipment Acquisition Geophysics & Reservoir Full range of products and clear Full range of seismic and other Multi-Client Data Library: market leadership Onshore, geophysical methods for…
  7. Conference Merrill Lynch – CGG – slide 7
    Seismic Equipment 8
  8. Conference Merrill Lynch – CGG – slide 8
    Sercel Today Where we stand in todays market A proven strategy Moving forward: Strong position for continued growth 9
  9. Conference Merrill Lynch – CGG – slide 9
    Market Leader A leadership position Seismic Equipment Market ( US Bn) 2.5 2 1.5 Others 60% 62% 63% 1 65% 63% 0.5 Sercel Market Share 0 2008 2009 2010 2011 2012 10
  10. Conference Merrill Lynch – CGG – slide 10
    Operating Income Evolution Excellent Resilience to the down-turn 32% 31% 32% 29% 1209 22% 1142 1204 1000 420 427 858 463 485 295 789 777 679 563 515 2008 2009 2010 2011 2012 Land Revenues (M) Marine Revenues (M)…
  11. Conference Merrill Lynch – CGG – slide 11
    2012 Leader In Most Seismic Equipment Segments 2012 Total Market US 1.95 Bn Total US 1,24 Bn Total US 0.71 Bn Others Downhole Vibrators Sensors Cableless Systems Others Navigation Source Seabed Streamer Positioning Cable…
  12. Conference Merrill Lynch – CGG – slide 12
    A Proven Strategy A full range of leading products New products ahead of the future Technology implementation/validation through CGG vessel & crews Design to cost UNITE cableless acquisition system Leveraging the install base…
  13. Conference Merrill Lynch – CGG – slide 13
    Unrivalled Install Base 2/3 of worldwide land crews: 408UL/428XL sales: 4,100,000 channels (of which 500,000 digital channels) Unite sales: 110,000 channels UNITE DSU1 Digital single sensor 428XL 2/3 of worldwide marine…
  14. Conference Merrill Lynch – CGG – slide 14
    Industry Trends Moving Forward Increasing resolution for smaller geologic features Improved data quality to image complex geology Acceleration into reservoir characterization & production while reducing seismic acquisition cost…
  15. Conference Merrill Lynch – CGG – slide 15
    Land: Poised to Benefit from Increasing Technology Intensity Demand More channels for higher resolution Continuous channel count growth (x5 every 10 years) 408UL/428XL sales: 4,100,000 channels Enabling Megacrews toward 1,000,000…
  16. Conference Merrill Lynch – CGG – slide 16
    Marine: Poised to Benefit from Increasing Technology Intensity Demand More and longer streamers per vessel Continuous channels count growth (x2 every 5 years) 10% breakage + replacement / year Sentinel launched in 2006 increasing…
  17. Conference Merrill Lynch – CGG – slide 17
    Strong Position for Continued Growth Clear market leadership Impressive install base Strong manufacturing know-how and capabilities Technology leadership with a high level of R&D spending A cornerstone for CGG innovative…
  18. Conference Merrill Lynch – CGG – slide 18
    Acquisition Division Market Overview Marine Land Airborne 4.8 B 5.3 B* 0.3 B 2012 Est. market size 2012 Est. market size 2012 Est. market size Largest high-end seismic fleet Expertise in all environments Market leader with…
  19. Conference Merrill Lynch – CGG – slide 19
    Leading High-End Fleet HIGH CAPACITY VERSATILE 10-20 streamers 3-8 streamers Oceanic Sirius Oceanic Vega Geo Coral Geo Caspian Aliz Princess Pacific Finder 20 Tow Points 20 Tow Points 16 Tow Points 16 Tow Points 16 Tow Points…
  20. Conference Merrill Lynch – CGG – slide 20
    Geology, Geophysics & Reservoir Division Market Overview Geology & Subsurface Multi-Client Technical Data Geophysics Imaging New Consulting Management Software & Ventures Services 1.5 B 4.4 B 4.0 B 1.2 B 0.5 B 2012 Est. market…
  21. Conference Merrill Lynch – CGG – slide 21
    Santos Basin 69,000 km2 Reference: Ryan, W. B. F., S.M. Carbotte, J. Coplan, S. O'Hara, A. Melkonian, R. Arko, R.A. Weissel, V. Ferrini, A. Goodwillie, F. Nitsche, J. Bonczkowski, and R. Zemsky (2009), Global Multi-Resolution…
  22. Conference Merrill Lynch – CGG – slide 22
    Accelerating the Transformation of the New CGG
  23. Conference Merrill Lynch – CGG – slide 23
    CGG 2013 Revenue Trends Geology, Geophysics Equipment Acquisition & Reservoir Marine acquisition Multi-client Combined fleet: 90% booked Multi-client program based Total Revenue expected to on: remain stable in 2013 into Q1, 80%…
  24. Conference Merrill Lynch – CGG – slide 24
    2013 Financial Objectives In this year of transformation: Total Industrial Capex expected to be in the range of 350 - 400 million Multi-clients capex expected to be in the range of 350 - 400 million with a prefunding rate above 75%…
  25. Conference Merrill Lynch – CGG – slide 25
    Thank you
  26. Conference Merrill Lynch – CGG – slide 26
    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…
  27. Conference Merrill Lynch – CGG – slide 27
    Net Debt by Year-End 2012 (In million) Financing Fugro Operation 975m (414m) 2,105m 279m 1,411m 1,410m (360m) 785m 2011 2012 Net Debt Capital Oceane 2019 Oceane 2019 2012 Fugro 2012 Proforma Net Debt Before Increase (468m…
  28. Conference Merrill Lynch – CGG – slide 28
    Balance Sheet: Capital Employed as End of December 2012 906 Goodwill 2,416m Equity 4,493m MC Library 604m Fugro Impact 584m Net Fixed Assets 1,574m Minority Interests 99m Net Current Assets 784m 785m Net Debt…

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