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    CGG   FR0013181864

CGG

(CGG)
  Report
Real-time Quote. Real-time Euronext Paris - 07/28 03:29:20 am
0.6152 EUR   -1.69%
01:33aCGG : Présentation T2 2021
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01:14aCGG : Announces its Q2 2021 Results
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01:03aCGG : Q2 2021 Results PR English
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CGG : May 2021 Financial Presentation

05/26/2021 | 05:25am EDT

CGG FINANCIAL PRESENTATION MAY 2021

cgg.com

Agenda

01 COMPANY OVERVIEW

02 BUSINESS HIGHLIGHTS

03 FINANCIAL REVIEW

04 CONCLUSION

May 2021 Financial Presentation

2

COMPANY OVERVIEW

3

3

CGG: A People, Data and Technology Company

Asset Light Company…

…With Three Core Businesses (1)

Leveraging Exceptional People…

Breadth and depth of expertise driving innovation and providing outstanding service

…Differentiated Data…

Maximizing the value of data through

our expertise and technologies

…And Remarkable Technology

Leading the industry in advanced

imaging and geoscience & digital technologies

Geoscience

Established market and technology

34%

leader in subsurface imaging,

geology, geoscience software and

services

Multi-Client

One of the industry's most technically

advanced seismic data and geologic

36%

studies providers in the world's key

prolific hydrocarbon basins

Equipment

30%

Established market and technology

leader in marine, land, ocean floor and downhole seismic equipment and gauges

GGR

#1 in technology

#1 market share (2)

of 41%

#1 in technology and 3D coverage

24% market share (2)

#1 in technology

#1 market share (2)

of 46%

May 2021 Financial Presentation

Sources: Company information, Select Broker research (2) CGG market share against competitors for 2020, as per Company estimates

4

Sector Trends Play to CGG's Competitive Strengths

CGG's Competitive Position

1

Brent Oil Price Historical Evolution and Forecast ($/bbl)

vs. Global Upstream Capex Spend (1) ($bn)

2019

2020

2021

2022

Improved medium term outlook

$338bn

$243bn

$252bn

$288bn

with consensus forecasts

Constructive Medium

60

$69,4/bbl

pointing to Brent oil of $57/bbl in

Term Oil Price Outlook as

2021 and $58/bbl in 2022

Coronavirus Impact Abates

40

…Supportive of upstream

Capex, increasing by c.19%

20

over 2020-22

janv-20

Mar-21

déc-21

déc-22

Historical

Forward Curve

Total Upstream Capex Spend

Broker Consensus (2)

2

Mboed

Total Production and Capex of Key NOCs (3)

$bn

Total production of key NOCs expected

40

to grow c.5% through 2025, with Capex

125

30

forecast to increase by c.9%

100

Long-standing relationships with

NOC Upstream

75

NOCs which continue to spend

Spending is Expected

20

50

on traditional upstream oil and

to Remain Significant

10

gas

25

0

0

2020

2025

2030

2035

Production

Capex

May 2021 Financial Presentation

Sources: Company information, Bloomberg, Wood Mackenzie

5

Notes: (1) Annual global spend (forecasts for 2021 and 2022) (2) Bloomberg consensus median as of March 2021 (3) Aggregate production

and Capex for Saudi Aramco, ADNOC, Sinopec, ONGC, Petrobras, Pemex and Sonatrach

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

CGG SA published this content on 26 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2021 09:24:04 UTC.


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Financials (USD)
Sales 2021 957 M - -
Net income 2021 -124 M - -
Net Debt 2021 980 M - -
P/E ratio 2021 -3,65x
Yield 2021 -
Capitalization 526 M 527 M -
EV / Sales 2021 1,57x
EV / Sales 2022 1,35x
Nbr of Employees 3 700
Free-Float 100,0%
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Technical analysis trends CGG
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 0,74 $
Average target price 1,49 $
Spread / Average Target 101%
EPS Revisions
Managers and Directors
Sophie Zurquiyah-Rousset Chief Executive Officer & Director
Yuri Baidoukov Group Chief Financial Officer & Treasurer
Philippe Salle Chairman
Chu Ong Ting Chief Technology Officer
Michael C. Daly Independent Director
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