Viridien · EURONEXT:VIRI
Viridien — CGG — Investor Presentation (2013)
28 slides from Viridien's investor presentation, 2013
Slide 1: 2013: Delivering the Transformation of the New CGG
2013: Delivering the Transformation of the New CGG
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains forward-looking statements, including, without limitation, statements about CGG (“the Company”) plans, strategies and prospects. These forward-looking statements are subject to risks and uncertainties that may change at any time, and, therefore,
Slide 3: Market Trends
Market Trends 3
Slide 4: Market Trends
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 89.8 Global Oil demand 88.9 10 90 88.3 87.1 8 86.6 Geology & Geophysics’ role bec
Slide 5: Seismic Equipment Market
Seismic Equipment Market Equipment ~$ 1.9 B 2012 Est. market size • Land Equipment Volume linked to large megacrews projects Progressive shift from land analog systems to digital systems Land • Marine Equiment Limited number of new builds Marine Replacement market Stable market in a year o
Slide 6: Acquisition Division
Acquisition Division 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 comprehensive • Broadband benchmark global offer • Full suite of seismic and n
Slide 7: Geology, Geophysics & Reservoir Division
Geology, Geophysics & Reservoir Division 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 size 2012 Est. market size 2012 Est. market size 2012 Est. market size 201
Slide 8: A Transformed Company
A Transformed Company (ccc
Slide 9: Our New Organization
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 acquisition: Seismic, Grav-Mag, Geological Offshore and Downhole: Exploratio
Slide 10: Seismic Equipment
Seismic Equipment 10
Slide 11: Sercel: A Clear Leader
Sercel: A Clear Leader A full range of products and clear market leadership offshore, onshore and downhole Technology leadership and significant continuous R&D commitment Significant installed base and outstanding customer support A cornerstone for integrated solutions such as BroadSeisTM
Slide 12: Acquisition
Acquisition Delivering a full spectrum of geophysical data All geophysical methods All environments Land Marine Seabed* Seismic Non-Seismic Airborne** Land Marine *Seabed Geosolutions joint venture is 60%-owned by Fugro 12 **Airborne will be integrated once operating licenses and administrativ
Slide 13: Leading High-End Fleet
Leading High-End Fleet HIGH CAPACITY VERSATILE 10-20 streamers 3-8 streamers Oceanic Sirius Oceanic Vega Geo Coral Geo Caspian Alizé Princess Pacific Finder 20 Tow Points 20 Tow Points 16 Tow Points 16 Tow Points 16 Tow Points SOLID SEAL SENTINEL SOLID SEAL SENTINEL 4 Tow Points 4 Tow Points SOLID S
Slide 14: Movie of steam chamber during 6 months injection
Movie of steam chamber during 6 months injection 14
Slide 15: Geology, Geophysics & Reservoir
Geology, Geophysics & Reservoir 15
Slide 16: Geology and Reservoir Engineering
Geology and Reservoir Engineering Robertson consultancy and solutions for exploration through to production Acknowledged leader in geological multi-client products and reports Onsite analysis and real-time petrophysics Comprehensive technical services – Sedimentology, Geochemistry and Plate
Slide 17: CGG Global Library: recent and well-positioned
CGG Global Library: recent and well-positioned 3D: 45,000 km2 N. Sea Canada 2D: 13,165 km 3D: 25,825 km2 Caspian US Land 3D: 29,000 km2 GOM 3D: 153,245 km2 2D: 5000 km WAZ: 54,400 km2 (BroadSeis 3500) Asia 3D: 20,000 km2 W. Africa Indonesia 3D: 3,000 km2 Brazil 3D: 94,955 km2 Source: Company Data. R
Slide 18: Santos Basin 69,000 km2
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 Topography (GMRT) synthesis data set, Geochem. Geophys. Geosyst., 10, Q030
Slide 19: Processing & Imaging
Processing & Imaging The most-advanced technology Unsurpassed local presence & unparalleled service Over 40 local centers, and 2,200 experts R&D and Innovation: over 10% of our staff 19
Slide 20: Reservoir Services
Reservoir Services The leading names in Seismic Reservoir Characterization Software & Services – Hampson-Russell – Jason Bringing together petrophysics, modeling and seismic inversion to solve exploration and production challenges Seismic to Simulation studies produce accurate and predictive m
Slide 21: Data Management Services
Data Management Services Transforming Data into Knowledge to accelerate your E&P decisions Adding value with intelligent storage & data conditioning Supporting enterprise & national-scale data management Auditing & Training 21
Slide 22: Accelerating the Transformation of the New CGG
Accelerating the Transformation of the New CGG
Slide 23: CGG 2013 Revenue Trends
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% into Q2 and 65% in Q3 - continuity of IBALT in GoM • New contracts
Slide 24: Delivering the Transformation of the New CGG
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 excellence People, Asset and Expertise Reporting on EBIT a
Slide 25: 2013 Financial Objectives
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% CGG is well positioned to deliver: Revenue increase around 2
Slide 26: Thank you
Thank you Passion for Geoscience ce G G cgg.com
Slide 27: Net Debt by Year-End 2012
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 Debt Net Debt Geoscience Net Debt Fugro Impact ($524m including Compo
Slide 28: Balance Sheet: Capital Employed as End of December 2012
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 Capital Employed $5,377m $5,377m Financing 28