Viridien · EURONEXT:VIRI
Viridien — CGG — CIC Market Solutions Forum 2022
15 slides from Viridien's conference presentation, Dec 6, 2022
Slide 1: Geoscience Technology Leadership
GEOSCIENCE TECHNOLOGY LEADERSHIP CIC MARKET SOLUTIONS FORUM DECEMBER 6, 2022 cgg.com
Slide 2: Providing unique perspectives on our planet
Providing unique perspectives on our planet Providing a comprehensive range of data, products, services and solutions for complex natural resource, environmental and infrastructure challenges HSE EXCELLENCE PEOPLE SOCIAL RESPONSIBILITY INNOVATION QUALITY 2
Slide 3: Our Sustainability contribution and ESG ratings
Our Sustainability contribution and ESG ratings Energy companies CO2 Energy transition footprint reduction More accurate drilling locations to avoid Supporting the transition to a lower hazards and optimally target reservoirs carbon future #1-3 among the Oilfield Services Earth observation & Energy
Slide 4: Our core perimeter
Our core perimeter OUR STRENGTHS THREE CORE BUSINESSES Remarkable data & technology Geoscience Established leader in subsurface imaging, geology Unique Earth data library, imaging, and geoscience services geoscience & digital technologies Outstanding people Earth Data & performance The industry’s mo
Slide 5: Our Beyond The Core business opportunities
Our Beyond The Core business opportunities NEW APPLICATIONS Digital Sciences Data transformation, data science, AI, machine learning, CGG Cloud services and HPC expertise Earth Data Library Growing portfolio of digital products for natural resources and energy transition activities, backed by a uniq
Slide 6: Geoscience
Geoscience Unmatched expertise, advanced geoscience & digital algorithms and excellent service in every image MARKET SHARE 2022E GEO TOTAL PRODUCTION ($m) Internal production C5, 4% External revenue 298 C4, 6% +9% C3, 1% 273 C2, 4% 84 93 Compet. 1, 30% +19% 214 CGG, 45% 180 Rest of Legacy Model Mark
Slide 7: Earth Data
Earth Data A complete breadth of geoscience data and expertise covering geology, geophysics and multi-physics EDA REVENUE ($M) Alaska 348 km2 N. Sea Prefunding After-sales 292k km2 U.S. Land 230 54k km2 +41% GOM 406k km2 163 69 Africa 92 Brazil 72k km2 Australia 161 370k km2 57k km2 71 YTD 21 YTD 22
Slide 8: Sensing & Monitoring
Sensing & Monitoring Technology and market leadership with a unique diversified portfolio 262 BTC Downhole 9 10 -37% Marine Oil & Gas 1st 1956 Land Seismic land & A global leader in A historical leader 74 seismic equipment & pioneer in the marine solutions for imaging industry since 1956 165 subsurf
Slide 9: Beyond the Core
Beyond the Core New differentiated offerings in rapidly growing markets DIGITAL SCIENCES ENERGY TRANSITION Digital Services & Innovation Geothermal HPC and Cloud services enabling efficient access Evaluation of resource potential, optimization and to compute power and analysis tools leveraging monit
Slide 10: 2022 A year of transition with high quarterly volatility
2022 A year of transition with high quarterly volatility What happened to the topline in Q3 and in 2022? 2022 quarterly revenue pattern (m$) – $90m revenue shift into Q4 and 2023, non including ~$55m full year impact of Russia Q1 Q2 Q3 Q4 (consensus) – From Q3 to Q4 : ~$25m EDA sales prefunding fo
Slide 11: Simplified Cash Flow
Simplified Cash Flow YTD YTD In million $ 2022 2021 Segment Operating Cash Flow before change in working capital 235 196 Full year cash structure (before NWC) Change in working capital & provisions 9 39 Cash cost of debt ~ 95m$ Capex (210) (172) Discontinued operations (until 2025) ~25m$ Acquisition
Slide 12: Balance Sheet
Balance Sheet As of September 31, 2022 Group liquidity amounted to $325m, including: $225m cash liquidity $100m undrawn RCF Group gross debt before IFRS 16 was $1,114m and net debt was $889m Group gross debt after IFRS 16 was $1,201m and net debt was $976m $1,070m HY Bonds, due 2027 $87m Lease liabi
Slide 13: Increasing level of commercial activity worldwide
Increasing level of commercial activity worldwide Geoscience (GEO) Increased demand for high-end imaging technology driven by near-field exploration and EOR, while frontier exploration remains subdued CGG’s clear technology differentiation making significant impact in complex sub-surface areas E
Slide 14: Conclusion
Conclusion Strong positive signals, yet limited visibility from the large IOCs The industry is entering a multi-year up-cycle, driven by years of underinvestment and the war in Ukraine tilting the balance of the energy trilemma towards energy security and affordability vs. sustainability To fill
Slide 15: Thank you
THANK YOU cgg.com