Agenda. CGGVeritas - Overview. Sercel & Services Detail. H Update. Outlook and Perspectives
|
|
- Harold Wiggins
- 5 years ago
- Views:
Transcription
1
2 Agenda CGGVeritas - Overview Sercel & Services Detail H Update Outlook and Perspectives 2
3 CGGVeritas: A Full Range of Activities H Sales: $1.6bn; EBITDAs: $0.5bn Equipment Services Sercel Marine Land Multi-client Processing & Imaging Industry leader Full spectrum of technology Large installed base: Near 2 million channels Over 500 Nomad Vibes 2,600 km streamers Leading global fleet Highest solid streamer deployment Unique position in desert and Arctic High density, high productivity leadership 15 high-end (8 streamer +) and 12 lower-end vessels Expertise in non conventional reservoirs Unique 4D and wide-azimuth expertise Shallow water leadership Most recent Marine library with key data in Gulf of Mexico & Brazil Unique land library position in USA & Canada, including Haynesville Worldwide network of data processing and imaging centers 28 open centers 13 dedicated centers Recently opened tech centers in Mumbai, Saudi, Beijing & Mexico Preferred supplier for depth and high end imaging H Sales: $0.44bn H EBITDAs: $0.13bn H Revenue: $1.63bn H EBITDAs: $0.43bn 3
4 Market Overview 2009 E&P down around 15%, with sharp decrease in North America and 5-10 % international Seismic further impacted Equipment 25-30% Services >20% 4
5 CGGVeritas: Adjusting to Current Market Conditions Global cost reduction programs expected to bring $250m in savings, including a 15% reduction of marine costs by mid 2010 Reducing marine fleet from 27 to 20 vessels. Four in 2009 and three more by mid 2010 The Harmattan 3D vessel was decommissioned in Q2. Following contract completions, two other 3D vessels and one 2D vessel will be de-rigged in Three additional 2D vessels will be decommissioned in One-time restructuring charge of $87m ($30m asset write-off, $57m expenses) Concentrated on a fifteen 3D (+8 streamer) and five small 3D/2D vessel fleet by the second half of 2010 Average age of 3D fleet below 12 years near lowest in industry Average streamers per 3D vessel above 10 near highest in industry 5
6 Agenda CGGVeritas - Overview Sercel & Services Detail H Update Outlook and Perspectives 6
7 7 A full range of highly sophisticated Seismic Equipment for the exploration and production of hydrocarbons in all environments
8 A Proven Strategy A full range of leading products Leading edge technology High level of R&D New products ahead of future seismic acquisition 428XL: Ready for high channel crews Sentinel : Ready for large spread, and multi-azimuth, steerable streamers Manufacturing excellence quality, reliability & productivity Worldwide presence Outstanding customer support High barriers of entry 8
9 A Full Range of Leading Products Land & TZ Marine & OBC Downhole - Acquisition systems & related QC software - Geophones / hydrophones - Vibrators - Acquisition systems & related QC systems - Marine sources - Underwater acoustics - Acquisition & QC systems - Downhole gauges - Vibrators and marine sources - High temperature geophones 9
10 Leader in Geophysical Equipment A proven strategy Remarkable history of growth Strong financial performance 65% (e) 46% 46% 52% 49% 59% 54% 57% 57% % % % H Sercel Revenues in M$ (including internal revenues) Market Share of Seismic Equipment Source: Company data and estimates. 10
11 11 Over 75 years of driving the advance of geophysics through technology innovation and integration to assist our clients, find reserves in new areas or improve oil recovery in known reservoirs
12 Uniquely Positioned to Meet Clients Needs Worldwide local presence Singular focus on the full spectrum of Geophysical Services A history of innovation leadership A track record of successes Exploration Delineation Development Production 12 Services
13 Industry Reference in Imaging Calgary Villahermosa Stavanger Oslo Aberdeen London Moscow Assen Massy Vienna Beijing Pau Madrid Milan Almaty Houston Tunis Tripoli Cairo Al Khobar Abu Dhabi Muscat Mumbai Ciudad del Carmen Bangkok Caracas Lagos Kuala Lumpur Singapore Jakarta Luanda Rio Perth Buenos Aires CGGVeritas s Open Centres CGGVeritas s Single-Client Dedicated Centres Source: Company Data. 13
14 Most Recent and Well Positioned Library 3D: 22,140 sq km Canada US Land N. Sea Lybia 3D: 40,000 sq km Caspian Well Positioned: Basin potential Proven system New play emergence Beneficial Regulations Stable E&P rules Good lease turnover Exclusivity period Customer interest Active bidding High prefunding 3D: 20,900 sq km GOM 3D: 27,600 sq km 2D: 42,900 km 3D:131,700 sq km Waz: 37,400 sq km W. Africa 2D: 43,300 km Asia Indonesia 2D: 17,200 km Land 3D = 43,040 km2 Marine 3D = 337,000 km2 Waz = 37,400 km2 Source: Company Data. Reprocessed not included. Rounded figures. Brazil 3D: 90,200 sq km Unique and most recent data sets developed: Offshore Deep water Sub-Salt GOM Deep water Sub-Salt Santos (Brazil) Central Graben in North Sea (UK) Onshore Deep Gas in the Canadian Foothills Resources play (Haynesville) 14
15 History of Successes: Brazil (Santos) - Tupi Reservoir 15
16 Agenda CGGVeritas - Overview Sercel & Services Detail H Update Outlook and Perspectives 16
17 H1 - Strong Financial Resilience with 12% Margin (In million dollars) H H % Change Revenue % Operating Income before restructuring costs % Operating Margin (%) 12% 19% Restructuring Costs Operating Income % Operating Margin (%) 7% 19% Financial Charges Other Financial Charges -4-2 Income Taxes Deferred Taxes on Currency Translation 8 0 Equity in income of affiliates 3 5 Net Income before restructuring costs % EPS ( ) % EPS/ADS ($) % Net Income % EPS ( ) % EPS/ADS ($) % 17
18 H1 / Net Debt to Equity Ratio stable at 36% EBITDAs before restructuring: Group $514m, 32% margin Sercel at $131m, a 30% margin Services at $431m, a 35% margin Industrial Capex: $129m Including $10m development costs. Multi-Client Capex: $193m Marine Capex at $163m, 63% prefunded Cash Flow from operations: $340m Net Free Cash Flow at -$9m Gross Debt down at $2.2B Net Debt at $1.5B Net Debt to Equity Ratio stable at 36% Net Free Cash Flow / Capex (in million $) Strengthened balance sheet Increased headroom and extended the debt maturity profile. Successfully priced an upsized offering of $350 million Net Free Cash Flow Capex
19 Increased Fortification from Market Instabilities Extended Debt Maturity Profile Liquidity at $1.0 B As of end of Q (in million $) Credit Line $85m Debt Maturity As of end of Q Capital leases $187m High-Yield Bond 2016 $350m Term Loan B 2014 $675m Outstanding Cash Undrawn US Undrawm FR High-Yield Bond 2017 $400m High-Yield Bond 2015 $530m Recent amendment of our US Senior Facilities and French Revolving facility agreements and successfull Offering of $350 million principal amount of 9.5% Senior Notes due
20 Agenda CGGVeritas - Overview Sercel & Services Detail H Update Outlook and Perspectives 20
21 Outlook and Perspectives Stronger position in a weaker market The seismic market remains more impacted than general E&P, particularly in contract marine Results in line with expectations supported by our unique broad portfolio Contract Marine was increasingly plagued by overcapacity - in the second half of the year, the industry has to reduce overall fleet size CGGVeritas aggressively adjusting to strengthen financial performance Concentrate on 15 3D and 5 small 3D/2D vessels- standardize and high-grade Disciplined capital spending on track Global cost reduction programs expected to bring $250m by mid 2010 Strengthened balance sheet The oil price increase is a positive sign but has not yet been sufficient to initiate a seismic rebound Increasing interest especially in our Haynesville, Santos basin Tupi expansion and Gulf of Mexico wide-azimuth multi-client surveys We remain focused on generating a healthy net free cash flow and strengthening our leadership in the future 21
22
CGGVeritas Announces Second Quarter 2009 Results
CGGVeritas Announces Second Quarter 2009 Results Operating Margin of 9% Before Marine Restructuring Charges PARIS, France July 30 th 2009 CGGVeritas (ISIN: 0000120164 NYSE: CGV) announced today its non-audited
More informationSeptember 2016 Roadshow Presentation
September 2016 Roadshow Presentation H1 Financial Results 2016 CGG Roadmap All results are presented before Non-Recurring Charges & write-off, unless stated otherwise Forward-Looking Statements This presentation
More information4th Quarter and Full Year 2014 Financial Results Delivering our Transformation Plan
4th Quarter and Full Year 2014 Financial Results Delivering our Transformation Plan All results are presented before Non-Recurring Charges & write-off, unless stated otherwise Forward Looking Statements
More informationBond Holder Roadshow presentation
Bond Holder Roadshow presentation Exane BNP HYB Conference Stephane-Paul Frydman, Executive Vice President, Finance & Strategy and Group CFO January 15 th 2015 Forward-Looking Statements This presentation
More information2012 Louisiana Energy Conference. International Oil Services Panel. June 28 th, 2012 New Orleans
2012 Louisiana Energy Conference International Oil Services Panel June 28 th, 2012 New Orleans Forward-Looking Statements This presentation contains forward-looking statements. All forward-looking statements
More information1 st Quarter 2018 Financial Results
1 st Quarter 2018 Financial Results Strengthened segment EBITDAs margin in gradual market improvement Reiterated 2018 outlook All figures are Segment figures presented before IFRS 15 and Non-Recurring
More information2 nd Quarter 2018 Financial Results
2 nd Quarter 2018 Financial Results Solid segment EBITDAs in line with expectations All results are presented before Non-Recurring Charges & write-off, unless stated otherwise Forward-looking statements
More informationSEB Nordic Seminar. Robert Hobbs CEO 07 January 2016
SEB Nordic Seminar Robert Hobbs CEO 07 January 2016 Forward-Looking Statements All statements in this presentation other than statements of historical fact, are forward-looking statements, which are subject
More informationDOLPHIN GROUP A NEW MARINE GEOPHYSICAL COMPANY. COMPANY PRESENTATION SEB EnskildaNordic Seminar 7-9 January 2013 BY: ATLE JACOBSEN, CEO
DOLPHIN GROUP A NEW MARINE GEOPHYSICAL COMPANY COMPANY PRESENTATION SEB EnskildaNordic Seminar 7-9 January 2013 BY: ATLE JACOBSEN, CEO Disclaimer This presentation includes and is based, inter alia, on
More informationResilient third quarter operating income Transformation Plan on track Successful amendment of our Credit Agreements
Resilient third quarter operating income Transformation Plan on track Successful amendment of our Credit Agreements PARIS, France November 6 th CGG (ISIN: 0000120164 NYSE: CGG), world leader in Geoscience
More informationPareto Oil & Offshore Conference Oslo, 3 rd September Jan Schoolmeesters, COO
Pareto Oil & Offshore Conference Oslo, 3 rd September 2015 Jan Schoolmeesters, COO CAUTIONARY STATEMENT This presentation contains both statements of historical fact and forward looking information. Any
More informationThird Quarter 2014 Results
Third Quarter 2014 Results London Analyst Meeting Stephane-Paul Frydman, Executive Vice President, Finance & Strategy and Group CFO November 17 th, 2014 Forward-Looking Statements This presentation contains
More informationCiti 2016 Global Energy & Utilities Conference, Boston
Citi 2016 Global Energy & Utilities Conference, Boston Will Ashby VP HR & Communication May 11 th, 2016 Forward-Looking Statements All statements in this presentation other than statements of historical
More informationPareto Securities Oil and offshore Conference Oslo, September 2014 Presented by Atle Jacobsen (CEO)
Pareto Securities Oil and offshore Conference Oslo, 10-11 September 2014 Presented by Atle Jacobsen (CEO) Disclaimer This presentation includes and is based, inter alia, on forward-looking information
More information2014 Fourth Quarter & Full Year Results. A strong fourth quarter performance. 2014: a resilient year for CGG in a difficult market environment
& Full Year Results A strong fourth quarter performance Robust Operating Income 1 at $111m driven by strong performances from GGR and Sercel Record multi-client sales at $299m Solid cash generation 1 at
More information4 th Quarter and Full-Year 2017 Financial Results
4 th Quarter and Full-Year 2017 Financial Results Improved revenue and EBITDAs Financial restructuring process completed All results are presented before Non-Recurring Charges & write-offs, unless stated
More informationStrong Improvement in CGGVeritas Third Quarter 2012 Results Acquisition of Fugro s Geoscience Division on Track
Strong Improvement in CGGVeritas Third Quarter 2012 Results Acquisition of Fugro s Geoscience Division on Track PARIS, France November 5th 2012 CGGVeritas announced today its non-audited third quarter
More information4 th Quarter and Full-Year 2017 Financial Results
4 th Quarter and Full-Year 2017 Financial Results Improved revenue and EBITDAs Financial restructuring process completed All results are presented before Non-Recurring Charges & write-offs, unless stated
More informationThird Quarter 2014 Results
Third Quarter 2014 Results November 6 th, 2014 Q3 2013, Q1 2014, Q2 2014 and Q3 2014 are presented before Non-Recurring Charges (NRC), unless stated otherwise Forward-Looking Statements This presentation
More informationPareto Oil & Offshore Conference Oslo, 14 th September Henning Olset, CFO
Pareto Oil & Offshore Conference Oslo, 14 th September 2016 Henning Olset, CFO CAUTIONARY STATEMENT This presentation contains both statements of historical fact and forward looking information. Any forward
More informationSeptember 2017 roadshow presentation
September 2017 roadshow presentation H1 financial results Financial restructuring update All results are presented before Non-Recurring Charges & write-off, unless stated otherwise Forward-looking statements
More informationDecember Company Presentation
December Company Presentation Agenda About TGS Review of 16 Market outlook The TGS approach Appendix TGS-NOPEC Geophysical Company ASA. All rights reserved. 2 This is TGS Main offices: Oslo and Houston
More informationCGG Announces its 2017 Fourth Quarter & Full-Year Results
CGG Announces its & Full-Year Results PARIS, France March 9 th 2018 CGG (ISIN: FR0013181864 NYSE: CGG), world leader in Geoscience, announced today its fourth quarter and full-year unaudited results. Q4:
More informationCGG Announces its 2018 Second Quarter Results
CGG Announces its Results Q2 : solid segment EBITDAs in line with expectations IFRS 1 : revenue at $314m, OPINC at $26m, net income at $49m revenue 2 at $338m, down 3% year-on-year. GGR: robust Subsurface
More informationCGG Announces its 2017 Second Quarter Results
Revenue at $350m CGG Announces its Results ly EBITDA boosted by solid multi-client sales GGR: solid Multi-Client quarterly sales boosted by Mexican and Brazilian licensing rounds Equipment: persistent
More informationCGG 2018 Rights Issue. Roadshow presentation
CGG 2018 Rights Issue Roadshow presentation Forward-looking statements This presentation contains forward-looking statements, including, without limitation, statements about CGG ( the Company ) plans,
More informationDolphin Group ASA. SEB Nordic Seminar - 8 th January Atle Jacobsen (CEO) & Erik Hokholt (CFO)
Dolphin Group ASA SEB Nordic Seminar - 8 th January 2015 Atle Jacobsen (CEO) & Erik Hokholt (CFO) 2 Disclaimer This presentation includes and is based, inter alia, on forward-looking information and statements
More informationTGS Pareto Oil and Offshore Conference September 2012
TGS 2012 Pareto Oil and Offshore Conference 12-13 September 2012 Forward-Looking Statements All statements in this presentation other than statements of historical fact, are forward-looking statements,
More informationPresentation of Unaudited 1 st Quarter 2011 Results
Presentation of Unaudited 1 st Quarter 2011 Results May 2011 CAUTIONARY STATEMENT This presentation contains both statements of historical fact and forward looking information. Any forward looking information
More informationCGG Announces its 2017 Third Quarter Results
Revenue at $320m CGG Announces its Results ly EBITDA sustained by solid multi-client sales GGR: solid Multi-Client quarterly sales boosted by Brazilian licensing rounds Equipment: persistent low volumes
More informationcggveritas.com 4 th Communication on Progress
cggveritas.com 4 th Communication on Progress 2 Paris, January 9 th, 2013 Ref. JGM/DH/09012013/085 His Excellency Mr. Ban Ki-Moon Secretary General United Nations Global Compact Office First Avenue & 46th
More informationTGS. Swedbank First Securities 2013 Nordic Energy Summit. Kristian K. Johansen. Chief Financial Officer
TGS Swedbank First Securities 2013 Nordic Energy Summit Kristian K. Johansen Chief Financial Officer Forward-Looking Statements All statements in this presentation other than statements of historical fact,
More informationLand: Land based, transition zone and seabed seismic contract data acquisition ( Contract Land acquisition activity or the Land Division);
MANAGEMENT REPORT OF THE BOARD OF DIRECTORS COMPAGNIE GENERALE DE GEOPHYSIQUE VERITAS Fiscal year ended December 31, 2012 Compagnie Générale de Géophysique - Veritas A French Public Limited Company with
More informationFOURTH QUARTER 2014 RESULTS. Oslo, 5 February 2015, CEO Bjarte Bruheim and CFO Svein Knudsen
FOURTH QUARTER 2014 RESULTS. Oslo, 5 February 2015, CEO Bjarte Bruheim and CFO Svein Knudsen Disclaimer This quarterly presentation includes and is based, inter alia, on forward-looking information and
More information1 st Quarter 2017 Results Unaudited
1 st Quarter 2017 Results Unaudited April 27 th 2017 CAUTIONARY STATEMENT This presentation contains both statements of historical fact and forward looking information. Any forward looking information
More informationForward Looking Statements
The Oil & Services Conference February 19, 2013 Forward Looking Statements Statements in this presentation that relate to forecasts, estimates or other expectations regarding future events, including without
More informationNordea Markets Shipping & Offshore Seminar
Nordea Markets Shipping & Offshore Seminar Cautionary Statement This presentation contains forward looking information Forward looking information is based on management assumptions and analyses Actual
More informationSal. Oppenheim European Financial Conference
Sal. Oppenheim European Financial Conference Zurich November 20, 2007 Renato Fassbind, Chief Financial Officer Cautionary statement Cautionary statement regarding forward-looking and non-gaap information
More informationA CLEARER IMAGE PETROLEUM GEO-SERVICES ASA
A CLEARER IMAGE MARINE DATA PROCESSING & TECHNOLOGY ONSHORE PETROLEUM GEO-SERVICES ASA CAPITAL MARKETS DAY 2006 OSLO NEW YORK PGS Agenda Capital Markets Day 08:30 Introduction Svein Rennemo, CEO 08:45
More information2017 Additional Information
2017 Additional Information cgg.com CGG 2017 ADDITIONAL INFORMATION EXPLANATORY NOTE The information contained in this document, together with that set forth in the 2017 Annual report on Form 20-F filed
More informationFinancing Business - Bank Partnering in Vietnam. CEEC Breakfast Meeting
Financing Business - Bank Partnering in Vietnam CEEC Breakfast Meeting 21.09.2017 Agenda 1 Commerzbank Introduction Slide 2 2 Bank Partnering Concept Slide 8 3 Techcombank Introduction Slide 11 1 1 Commerzbank
More informationInvestor Presentation August PKD (NYSE) Rig 273 Alaska
Investor Presentation August 207 PKD (NYSE) Rig 273 Alaska Forward-Looking Statements Caution The following presentation contains certain statements that may be deemed to be forwardlooking statements within
More informationMagseis ASA Q th August Expanding operational footprint
Magseis ASA Q2 2018 16 th August 2018 Expanding operational footprint Disclaimer This presentation (the Presentation") has been prepared by Magseis ASA (the Company or Magseis ). The Presentation contains
More informationTGS EARNINGS RELEASE 10 February 2011
TGS EARNINGS RELEASE 10 February 2011 4 th QUARTER 2010 RESULTS 4 th QUARTER HIGHLIGHTS Consolidated net revenues were USD 177.6 million, an increase of 13% compared to Q4 2009. Net late sales totaled
More informationTGS. Presentation of the 4 th Quarter 2005 Results. February 9 th Arne Helland Chief Financial Officer. Hank Hamilton Chief Executive Officer
TGS Presentation of the 4 th Quarter 2005 Results February 9 th 2006 Arne Helland Chief Financial Officer Hank Hamilton Chief Executive Officer TGS-NOPEC Geophysical Company Forward-Looking Statements
More informationThird Quarter 2016 Results. Earnings Presentation
Third Quarter 2016 Results Earnings Presentation Cautionary Statement This presentation contains forward looking information Forward looking information is based on management assumptions and analyses
More informationFIRST QUARTER 2016 RESULTS. Oslo, 12 May 2016 CEO Christiaan Vermeijden, CFO Hege A. Veiseth
FIRST QUARTER 2016 RESULTS. Oslo, 12 May 2016 CEO Christiaan Vermeijden, CFO Hege A. Veiseth Disclaimer This quarterly presentation includes and is based, inter alia, on forward-looking information and
More informationKristian Johansen CEO 13 September 2017 Oslo, Norway. Company Presentation Pareto Securities 24 th Oil & Offshore Conference
Kristian Johansen CEO 13 September 2017 Oslo, Norway Company Presentation Pareto Securities 24 th Oil & Offshore Conference Forward-Looking Statements All statements in this presentation other than statements
More informationTGS EARNINGS RELEASE 1 st QUARTER RESULTS
TGS EARNINGS RELEASE 24 APRIL 2014 TGS EARNINGS RELEASE 1 st QUARTER RESULTS 1 st QUARTER HIGHLIGHTS Consolidated net revenues were USD 222 million, compared to USD 211 million in Q1 2013. Net late sales
More information2015 First Quarter Results. Resilient first quarter performance in a weak environment. Ongoing delivery of our Transformation Plan
Results Resilient first quarter performance in a weak environment Revenue down to $570m due to change in perimeter and market conditions Solid Multi-Client sales at $99m Positive Operating Income 1 at
More information2015 Second Quarter Results
Results Active Cash and Cost Management in Challenging Market Environment Q2 Revenue at $473m down (17)% q-o-q in challenging market conditions Data Acquisition down to $223m due to weak pricing conditions
More informationSpectrum ASA 1st Quarter Results 2011
Spectrum ASA 1st Quarter Results 2011 Spectrum ASA, Sjølyst plass 2, 0278 Oslo Tel: +47 23 01 49 70 Fax: +47 23 01 49 71 Org: 992 470 763 www.spectrumasa.com 1 Q1 2011 Summary Q1 11 Q1 10 Revenue US$9.0m
More informationInvestor Presentation
Investor Presentation Disclaimer This presentation contains forward-looking statements. Forward-looking statements are based on management s current views and assumptions and involve known and unknown
More informationQ Earnings Release. 4 August 2016
Earnings Release Kristian Johansen CEO 4 August Sven Børre Larsen CFO Forward-Looking Statements All statements in this presentation other than statements of historical fact, are forward-looking statements,
More informationQ Earnings Release. 3 August 2017
Q2 217 Earnings Release Kristian Johansen CEO 3 August 217 Sven Børre Larsen CFO Forward-Looking Statements All statements in this presentation other than statements of historical fact, are forward-looking
More informationPareto Securities Oil & Offshore Conference September 12-13, 2018
Pareto Securities Oil & Offshore Conference September 12-13, 2018 Cautionary Statement This presentation contains forward looking information Forward looking information is based on management assumptions
More informationQ Earnings Release. 5 February 2015
Q4 Earnings Release Robert Hobbs CEO 5 February 2015 Kristian K. Johansen COO/CFO Forward-Looking Statements All statements in this presentation other than statements of historical fact, are forward-looking
More informationHalf year 2018 results
Half year 2018 results Cautionary statement This presentation may contain forward-looking statements. Forward-looking statements are statements that are not historical facts, including (but not limited
More informationPresentation of Unaudited 3rd Quarter 2011 Results
Presentation of Unaudited 3rd Quarter 2011 Results November 2011 CAUTIONARY STATEMENT This presentation contains both statements of historical fact and forward looking information. Any forward looking
More information3rd QUARTER 2007 RESULTS
October 25th, 2007 3rd QUARTER 2007 RESULTS Following the approval of the merger plan by the Extraordinary General Meetings of both TGS-NOPEC and Wavefield-Inseis on September 20th, 2007, the two companies
More informationFugro HY 2018: strong revenue growth and improved EBIT Continued competitive offshore market conditions
Leidschendam, the Netherlands, 1 August 2018 Fugro HY 2018: strong revenue growth and improved EBIT Continued competitive offshore market conditions Revenue growth of 16.6% on comparable basis mainly driven
More informationPareto Oil & Offshore Conference September 2015
Pareto Oil & Offshore Conference 2015 Robert Hobbs CEO September 2015 Sven Børre Larsen CFO Forward-Looking Statements All statements in this presentation other than statements of historical fact, are
More informationAugust 21 st nd Quarter 2015 Results Unaudited
August 21 st 2015 2 nd Quarter 2015 Results Unaudited CAUTIONARY STATEMENT This presentation contains both statements of historical fact and forward looking information. Any forward looking information
More informationMagseis ASA Q nd November 2017
Magseis ASA Q3 2017 2 nd November 2017 Highlights Another strong quarter Strong financial performance: Revenue of USD 28.7m and EBITDA of USD 13.9m Revised EBITDA guidance to USD 24-26m for the full year,
More informationEMGS THIRD QUARTER 2014.
EMGS THIRD QUARTER 2014. Highlights in the third quarter 2014 Operational highlights Contracts signed with Petrobras, Statoil, OMV (Norge) and Norske Shell Commenced 3D multi-client survey offshore Canada
More informationFORM 6-K. CGG (Exact name of registrant as specified in its charter)
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 CGG (Exact name of registrant
More informationTGS-NOPEC Geophysical Company ASA
TGS-NOPEC Geophysical Company ASA 1 st Quarter 2001 Results TGS-NOPEC delivers record 1 st quarter results driven by strong Gulf of Mexico activity. 1st Quarter 2001 Financial Highlights Earnings per Share
More informationFORM 6-K. Compagnie Générale de Géophysique-Veritas
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of November, 2007
More informationDisclaimer Investor presentation Tenaris December, 2004
December, 2004 Disclaimer This presentation contains forward-looking statements. Forward-looking statements are based on management s current views and assumptions and involve known and unknown risks that
More informationMulti-client library Canada sq. km. Multi-client library Norway sq. km. Trondheim Oslo. Houston. Villahermosa
Multi-client library Canada - 2.840 sq. km Multi-client library Norway - 86.000 sq. km Trondheim Oslo Houston Villahermosa Multi-client library US GoM - 14.500 sq. km Rio de Janeiro Multi-client library
More informationQuarterly Presentation Q DOF Subsea Group
Quarterly Presentation Q3 2018 Group Group at a glance 2005 established NOK 1.2bn 1) Revenues Q3 18 NOK 15.1bn Firm backlog Q3 18 1 322 2) Subsea employees worldwide Q3 18 Integrated Supplier of subsea
More informationWavefield Inseis ASA 1 st. Quarter 2007 Results
Wavefield Inseis ASA 1 st. Quarter 2007 Results "On track building an innovative geophysical service company" May 15th, 2007: Oslo, NORWAY - Wavefield Inseis ASA (WAVE) announced unaudited first quarter
More informationTHIRD QUARTER 2015 RESULTS. Oslo, 5 November 2015 CEO Stig Eide Sivertsen
THIRD QUARTER 2015 RESULTS. Oslo, 5 November 2015 CEO Stig Eide Sivertsen Disclaimer This quarterly presentation includes and is based, inter alia, on forward-looking information and statements that are
More informationTGS. Presentation of the 4 th Quarter 2004 Results February 10 th Hank Hamilton Chief Executive Officer. Arne Helland Chief Financial Officer
TGS Presentation of the 4 th Quarter 2004 Results February 10 th 2005 Arne Helland Chief Financial Officer Hank Hamilton Chief Executive Officer TGS-NOPEC Geophysical Company Our Philosophy Drives Our
More informationQ Earnings Release
Q2 2015 Earnings Release Robert Hobbs CEO 30 July 2015 Kristian K. Johansen COO / Interim CFO Forward-Looking Statements All statements in this presentation other than statements of historical fact, are
More informationMerrill Lynch Banking & Insurance Conference
Merrill Lynch Banking & Insurance Conference October 8, 2008 London Brady W. Dougan, Chief Executive Officer Cautionary statement Cautionary statement regarding forward-looking and non-gaap information
More informationTGS EARNINGS RELEASE 1 st QUARTER RESULTS
TGS EARNINGS RELEASE 25 APRIL 2013 TGS EARNINGS RELEASE 1 st QUARTER RESULTS 1 st QUARTER HIGHLIGHTS Consolidated net revenues were USD 211 million, an increase of 10% compared to Q1 2012. Net late sales
More information2016 FULL YEAR RESULTS. February 28th, 2017
2016 FULL YEAR RESULTS February 28th, 2017 INTRODUCTORY MATERS Forward-Looking Information This document contains certain forward-looking statements which speak only as of the date on which they are made.
More informationQuarterly Presentation Q DOF Subsea Group
Quarterly Presentation Q2 2018 Group Group at a glance 2005 established NOK 1.2bn 1) Revenues Q2 18 NOK 15.9bn Firm backlog Q2 18 1 190 2) Subsea employees worldwide Q2 18 Integrated Supplier of subsea
More informationEarnings Release Q3 2012
Earnings Release Q3 Robert Hobbs Chief Executive Officer Kristian K. Johansen Chief Financial Officer Forward-Looking Statements All statements in this presentation other than statements of historical
More information2015 ANNUAL RESULTS. March 10, 2016
ANNUAL RESULTS March 10, 2016 BOURBON: ANNUAL RESULTS (restated ) Change millions Change % In million of euros Adjusted Revenues 1,437.1 1,421.1 +16.1 +1.1% Adjusted EBITDAR ex. cap. gain 547.7 509.6
More informationSEB Nordic Seminar Jon Erik Reinhardsen, President & CEO Copenhagen January 10, 2017
SEB Nordic Seminar Jon Erik Reinhardsen, President & CEO Copenhagen January 10, 2017 Cautionary Statement This presentation contains forward looking information Forward looking information is based on
More informationJeffrey L. Chastain Vice President Investor Relations and Corporate Communications. Johnson Rice Energy Conference September 26, 2017
Jeffrey L. Chastain Vice President Investor Relations and Corporate Communications Johnson Rice Energy Conference September 26, 2017 2 Forward Looking Statement This presentation contains forward-looking
More informationRXT. Multi-component marine seismic acquisition. Reservoir Exploration Technology. CEO Michael Scott. 6 September
RXT Reservoir Exploration Technology CEO Michael Scott 6 September 2006 Multi-component marine seismic acquisition www.rxt.com RXT - HIGHLIGHTS Marine Geophysical company Specialising in multi component
More informationPresentation to the Financial Community. First Half 2011 Results
Presentation to the Financial Community First Half 2011 Results July 2011 Forward-Looking Statements By their nature, forward-looking statements are subject to risk and uncertainty since they are dependent
More informationFOURTH QUARTER 2016 RESULTS. Oslo, 9 February 2017 CEO Christiaan Vermeijden, CFO Hege A. Veiseth
FOURTH QUARTER 2016 RESULTS. Oslo, 9 February 2017 CEO Christiaan Vermeijden, CFO Hege A. Veiseth Disclaimer This quarterly presentation includes and is based, inter alia, on forward-looking information
More informationTGS - Nordic IR Conference
TGS - Nordic IR Conference Consistent approach - in a favorable environment Copenhagen 20 September 2012 Content Introduction to the oil services industry and TGS Our approach to investor relations Challenges
More informationELECTROMAGNETIC GEOSERVICES ASA FIRST QUARTER 2014 RESULTS. CEO, Roar Bekker CFO, Svein Knudsen 8 May 2014
ELECTROMAGNETIC GEOSERVICES ASA FIRST QUARTER 2014 RESULTS CEO, Roar Bekker CFO, Svein Knudsen 8 May 2014 DISCLAIMER This quarterly presentation includes and is based, inter alia, on forward-looking information
More informationSECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 6-K
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 Compagnie Générale de Géophysique-Veritas
More informationConstruction Risks. US Construction Practice
US Construction Practice Willis' US Construction Practice provides innovative products and delivers risk management services through its specialist building services teams, addressing the unique needs
More informationPareto Securities Oil & Offshore Conference
Pareto Securities Oil & Offshore Conference Polarcus Limited Oslo, Norway. 13 September 2017 Duncan Eley, CEO 1 Disclaimer This Presentation of Polarcus Limited (the Company ) has been prepared solely
More informationInvestor Presentation
Investor Presentation First Quarter 205 KCA Deutag is a leading international drilling and engineering company working onshore and offshore with a focus on safety, quality and operational performance www.kcadeutag.com
More informationQ4 Financial Presentation 2015 DOF ASA
Q4 Financial Presentation 2015 Highlights Main Highlights EBITDA Q4 MNOK 818 (operational EBITDA MNOK 814) EBITDA 2015 MNOK 3 719 (operational EBITDA MNOK 3 344) General good operational performance in
More informationFOURTH QUARTER 2015 RESULTS. Oslo, 11 February 2016 CEO Christiaan Vermeijden, CFO Hege A. Veiseth
FOURTH QUARTER 2015 RESULTS. Oslo, 11 February 2016 CEO Christiaan Vermeijden, CFO Hege A. Veiseth Disclaimer This quarterly presentation includes and is based, inter alia, on forward-looking information
More informationThis Is Commerzbank. An Overview. Commerzbank AG Group Communications Frankfurt, 8 February 2018
This Is Commerzbank An Overview Commerzbank AG Group Communications Frankfurt, 8 February 2018 Agenda 1 Facts and Figures page 2 5 2 Board of Managing Directors page 6 3 Strategic Positioning page 7 4
More informationUSDA Foreign Agricultural Service
USDA Foreign Agricultural Service Janet Nuzum Associate Administrator North American Meat Institute November 3, 2015 FAS At A Glance FAS links U.S. agriculture to the world to enhance export opportunities
More informationCommerzbank AG Medium- and Long-Term Export Finance The best instruments to finance the import of capital goods to Iraq
Commerzbank AG Medium- and Long-Term Export Finance The best instruments to finance the import of capital goods to Iraq The current market situation The need for ECA-financing increased and we see considerably
More informationInvestor Day New York April 6, Paolo Rocca Chairman and CEO
New York April 6, 26 Paolo Rocca Chairman and CEO Disclaimer This presentation contains forward-looking statements. Forward-looking statements are based on management s current views and assumptions and
More informationTHIRD QUARTER RESULTS 2015
AKASTOR ASA THIRD QUARTER RESULTS 2015 3Q Highlights EBITDA of NOK -169 million - EBITDA of NOK 177 million when adjusted for special items - Special items of NOK 346 million charged to EBITDA; mainly
More informationInvestor Presentation. Paolo Rocca Chairman and Chief Executive Officer London - Sep 22, 2017
Investor Presentation Paolo Rocca Chairman and Chief Executive Officer London - Sep 22, 2017 Disclaimer This presentation contains forward-looking statements. Forward-looking statements are based on management
More information