PGS : Barclays CEO Energy Power Conference 2021

Barclays CEO Energy Power Conference

September 8, 2021

Cautionary Statement

• This presentation contains forward looking information
• Forward looking information is based on management assumptions and analyses
• Actual experience may differ, and those differences may be material
• Forward looking information is subject to significant uncertainties and risks as they relate to events and/or circumstances in the future
• This presentation must be read in conjunction with the risk factors disclosed in PGS 2020 annual report and the Company's quarterly earnings releases

-2-

PGS - The Only Fully Integrated Marine Seismic Company

Sales & Services	Technology &	Operations	New Energy
MultiClient, Contract	Digitalization	Fleet management,	Emerging markets,
and Imaging	R&D, Enterprise IT ,	Project delivery, Seismic	Solutions design,
acquisition & support	Partnerships
	Digitalization portfolio

Employees:		Countries:		Active Vessels:
~900		14		6

3

Financial Summary

		Segment Revenues and Other Income					Segment EBITDA*
	300	288					200	194
		234						160
USD million		216					150	135		130
200					USD million
		173
	168
					99
142				152	100	88
139		132		81	84	84
		116
					67
	100
							50
	0						0
	100	Segment EBIT**						Cash Flow from Operations
						200
	80							176
	70
							152
	60						150
						USD million		119
USD million	40	38					108
					95
			20		100		89
						81
20	18
				68	66
	7					57
	1
	0						50
	-20			-14	-4
	-16
	-40	-29					0

*EBITDA, when used by the Company, means EBIT excluding Other charges, impairment and loss/gain on sale of long-term assets and depreciation and amortization as defined in Note 14 of the Q2 2021 earnings release published on July 22, 2021
**Excluding impairments and Other charges.	-4-

Megatrends Open New Business Opportunities

Transformation

PGS Digital

PGS New Energy

CCS

Offshore wind

Marine minerals

5