CGG 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 |
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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.
