Viridien · EURONEXT:VIRI
Viridien — CGG — Investor Presentation (September 2021)
19 slides from Viridien's investor presentation, September 2021
Slide 1: CGG Presentation September 2021
CGG PRESENTATION SEPTEMBER 2021 cgg.com
Slide 2: Disclaimer
Disclaimer 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, the Company’s ac
Slide 3: Agenda
Agenda 01 COMPANY OVERVIEW 02 BUSINESS HIGHLIGHTS 03 BUSINESS OUTLOOK cgg.com2021 Presentation September 3
Slide 4: Company Overview
COMPANY OVERVIEW 4 cgg.com 4
Slide 5: CGG: A People, Data and Technology Company
CGG: A People, Data and Technology Company Asset Light Company… …With Three Core Businesses (1) GGR Leveraging Exceptional People… Geoscience #1 in technology Breadth and depth of expertise Established market and technology 34% driving innovation and providing leader in subsurface imaging, geology,
Slide 6: Sector Trends Play to CGG's Competitive Strengths
Sector Trends Play to CGG’s Competitive Strengths CGG’s Competitive Position 3 Global Upstream Capex vs. CGG’s Geoscience Revenue Split Industry Capex (1) CGG’s Geoscience Revenue 2017 2020 2017 2020 75% of CGG’s geoscience 11% 9% Increasing Focus on revenue generated from Reservoir Development re
Slide 7: Sector Leading ESG Credentials
Sector Leading ESG Credentials OUR CARBON NEUTRALITY STATEMENT KEY ENVIRONMENTAL TARGETS We pledge to be carbon neutral by 2050 GHG 50% reduction by emissions 2020: 2 K tons 2030 By lowering our direct emissions (scope 1 & 2) Scope 1 (1) 100% by 2050 to the lowest practical level and by bridging the
Slide 8: Business Highlights
BUSINESS HIGHLIGHTS 8 cgg.com 8
Slide 9: CGG Offers Differentiated High Value Geoscience Additive Services
CGG Offers Differentiated High Value Geoscience Additive Services Legacy Technology New Technology Water depth: c.1.5km Reservoir level, c.9-10km Imaging Technology Breakthroughs Drive Business Value September 2021 Presentation 9
Slide 10: Wide range of performance among competitors
Imaging Performance Ranking from Kimberlite 2021 Survey Normalized on industry average 80% Wide range of performance among CGG 60% 40% Competitor A Industry Average 20% competitors Competitor B 0% Competitor C -20% -40% Competitor D -60% Competitor E -80% BEST PROBLEM OVERALL BEST ON-TIME PROVIDES R
Slide 11: Multi-Client: Extensive Presence in Mature, Established Regions
Multi-Client: Extensive Presence in Mature, Established Regions N. Sea +34% since 2018 Leading coverage totaling > 1.2 million km2 of 3D data 277k km2 – By comparison, TGS’ and PGS’ libraries cover c.1.0 million km2 and c.850k km2 of 3D data respectively +15% since GOM Extensive contiguous datas
Slide 12: CGG Brazil Pre-Salt Ongoing and Future Programs
Multi-Client: CGG Brazil Pre-Salt Ongoing and Future Programs Nebula Espirito Santo III Reprocessing Complete Espirito Santo IV Final Volumes Available Polaris Final Volumes Available Aluben Sparse Nodes IBAMA Permit pending Nebula Area E IBAMA Permit pending Nebula – Currently Acquiring Esmeralda D
Slide 13: Equipment: Well-Established and Differentiated Market Position
Equipment: Well-Established and Differentiated Market Position Complete Portfolio of Equipment Targeting Key Regions and NOC Projects Technology and Market Leadership Clear leadership with largest market share at c.46% (1) Land & TZ The largest installed base, creating a competitive advantage an
Slide 14: Developing New Businesses in Adjacent Markets
Developing New Businesses in Adjacent Markets A. Digital Geosciences B. Monitoring & Observation C. Energy Transition 1. CGG Cloud / HPC 4. Structural Health Monitoring 7. CCUS / Energy Storage 2. Data Hub / Digital Transformation 5. Earth Works Monitoring 8. Geothermal energy 3. Advanced Analytics
Slide 15: Developing New Businesses: Recent Projects & Initiatives
Developing New Businesses : Recent Projects & Initiatives European Space Agency’s plastic pollution monitoring study CGG’s Satellite Mapping innovative high-resolution hydrocarbon seeps study commissioned by the Norwegian Petroleum Directorate Strategic agreement with dCarbonX in the subsurface asse
Slide 16: Business Outlook
BUSINESS OUTLOOK 16 cgg.com 16
Slide 17: 2021 Business Outlook & Financial Objectives
2021 Business Outlook & Financial Objectives Gradual recovery accelerating throughout H2 2021 GEOSCIENCE Substantial verbal awards in major basins including GoM, Brazil and Guyana (+175% YoY) 2021 MC cash capex of $165m focused on core mature basins with H2 capex around $95m MULTI-CLIENT 202
Slide 18: Thank You
THANK YOU cgg.com
Slide 19: Balance Sheet at June 30, 2021
Balance Sheet at June 30, 2021 • Group’s liquidity amounted to $385m including $100m undrawn RCF • Group gross debt before IFRS 16 was $1,220m and net debt was $935m • Group gross debt after IFRS 16 was $1,355m and net debt was $1,070m • $1,195m HY Bonds, 2027 • $1m Bank loans • $24m Accrued interes