Q2 2021 FINANCIAL RESULTS

cgg.com All figures are 'segment figures' used for management reporting (before non-recurring charges and IFRS 15), unless stated otherwise

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 actual results may differ materially from those that were expected.

The Company based these forward-looking statements on its current assumptions, expectations and projections about future events. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, it is very difficult to predict the impact of known factors and it is impossible for us to anticipate all factors that could affect our proposed results. All forward-looking statements are based upon information available to the Company as of the date of this presentation.

Important factors that could cause actual results to differ materially from management's expectations are disclosed in the Company's periodic reports and registration statements filed with the AMF. Investors are cautioned not to place undue reliance on such forward-looking statements.

TAKING DATA FURTHER

Q2 2021 Financial Results

2

Agenda

01

02

03

04

Business overview

Operational review

Financial review

2021 Business outlook & Financial objectives

Q2 2021 Financial Results

3

BUSINESS OVERVIEW

4

cgg.com

Q2 2021 Business overview

MARKET TRENDS

BUSINESS PERFORMANCE

BALANCE SHEET

  • Continuing demand recovery for oil & Gas is expected to drive solid demand for geoscience technologies
  • Green energy and mining are becoming a medium term driver
  • IOCs's currently prioritize production while NOCs and Independent maintain investments in exploration and development
  • A soft Multi-client and Equipment quarter
  • Geoscience progressive quarterly improvement
  • Delayed Multi-client prefunding and after-sales to H2
  • Low level of Equipment deliveries as planned
  • Sale of GeoSoftware business progressing as planned and closing expected in Q4 2021
  • Physical asset storage business has been put for sale
  • Closing of the Sale and Lease Back of the headquarter building expected in Q4 2021
  • Sale of Multi-Physics business completed at the end of June

Q2 2021 Financial Results

5

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

Attachments

  • Original document
  • Permalink

Disclaimer

CGG SA published this content on 28 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2021 05:02:09 UTC.