June 2012

A Favorable Environment for Seismic Growth

► E&P spending is strengthening leading to:

Increased global geophysical activity in ultra deep waters and new frontiers

Increase in exploration spending

The absorption of marine overcapacity and more favorable pricing

► Increasing demand for high-end technologies

2

395 346

454 512

399 445

+10%-15% E&P Spending in $bn E&P Spending in $bn

215

273

332

456

400

456

545

2005 2006 2007 2008 2009 2010 2011e 2012e

Source: Barclays Capital

Up 10%-15%

CGGVeritas: A Fully Integrated Seismic Provider...

► Equipment: Sercel, the industry leader

Leadership based on technology and installed base

Excellent financial performance expected to continue

► Services: a leadership position in high-end technology

Marine: a high-end BroadSeisTM fleet well positioned in the progressively strengthening market

Land: a leadership position in select markets: Middle East, Arctic and Shallow Water/OBC

Multi-client: a recent high-quality 3D library offshore in the GoM, North Sea and Brazil and onshore in NAM

Processing: a unique technology leadership position

3

Delineation Exploration Production Development

4

Improvement in Operating Income

► Group Revenue was $787m, up 8% y-o-y and down 13% sequentially

Sales record for Sercel at $348m

Services remained stable y-o-y at $533m

► Group Operating Income was $54m, a 7% margin

Sercel performance was excellent, operating income at $116m and margin at 33%

Services operating income was a loss of $8m mainly related to low marine prices

Strong Marine Multi-client sales

Processing, Imaging & Reservoir sustained high levels of activity

► Net Income negative at $3m

► Net Free Cash Flow negative at $7m

► Net Debt to Equity ratio at 39% from 37% at the end of 2011

► Acquisition of GRC strengthens Sercel’s diversification into down hole gauges and sensors

► Backlog as of April 1st 2012 was $1.565 billion, up 28% y-o-y

5

Marine

$189m Sercel

$348m

Processing

$106m

Land

$123m

Multi-client

$114m

Group

$787m

Revenue breakdown in Q1 2012 (In million $)

6

Financial Indicators – Strong Balance Sheet

Net Current

Assets $ 459 m

$ 1 512 m Net Debt

Net Fixed Assets

$ 1 732 m

MC Library $ 536 m

Goodwill $ 2 716 m

$ 3 930 m

Equity & Minority

Interests

CapitalEmployed

$ 5 443 m $ 5 443 m Financing

Capital Employed as end of March 2012

(In million $)

7

Liquidity and Long Term Debt

462

79

200

Outstanding

Cash

Undrawn US Undrawn FR

Liquidity at $740 million

As of end of Q1 2012

(In million $)

Debt Maturity Profile

As of end of Q1 2012

(In million $)

350 400

650

470

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

5151

HYB Convertible Bond

6 years maturity by end of March 2012

Revenue

(In million $)

Sercel: Outlook - market expected up 10%

8

► Q1 2012 Results

Revenue at record high level: $348 million

Land: Strong sales mainly related to high channel counts crews in the Middle East

Marine: Strong sales of Sentinel solid streamers

Sustained high performance with Ebit margin at 33%

Sustained commercial differentiation with the high quality and reliability level of products and services

Ongoing R&D effort

► 2012 Outlook

Increasing resolution for geologic detail

Increasing channel counts worldwide

Increase demand for wireless technologies equipment

Commercial development of the OBC/OBN ocean bottom cable systems

Sustained high financial performance

2008 2009 2010 2011 Q1 2012

1,209

348

858 1,000

1,142

282 201 222 275

Q1

Marine: Fleet Modernization Plan completed

9

Viking Vantage

10 streamers

Viking II

8 streamers

Amadeus

Oceanic Endeavour

Geo Voyager

Alizé Challenger Symphony

Vision

12+ streamers

Oceanic Phoenix

Oceanic Vega Vanquish

Oceanic Sirius Champion

2 to 4 streamers

Princess Pacific Finder

2/3D

11

10

9

8

7

end 07 end 08 end 09 end 10 end 11

Average Streamers per Vessel Streamers

18

16

14

12

10

end 07 end 08 end 09 end 10 end 11

Average Vessel Age Years

19 12 12 12 11 10

15

18 25 25

23 23

9 11

15 21 27 32

2008 2009 2010 2011 2012 2013

12+ Str

10 Str

8 Str

2012 Marine Acquisition Perspectives

10

530 604

43 41

52

58 61

65

► Q1 2012 Results

Revenue down 5% year-on-year

Production rate back to 92%

Contracts executed with historic low prices

Champion returned to operations in the North Sea

Marine modernisation plan reached completion

► 2012 Outlook

Prices increase starting Q2

Supply

Vessel capacity expected to increase 5%

Market evolution towards 12+ streamer vessels

Demand

Buoyant North Sea season

Gulf of Mexico to see increased seismic activity

Sustained activity across other key basins with an increasing strong visibility in Q4 particularly in Asia Pacific

New frontier exploration (Barents Sea, Arctic, French Guyana…) driven by recent discoveries

Number of vessels

Technological Differentiation with BroadSeis

Conventional Data BroadSeis

Average 2011: 5 Potential H2 2012: 8

Average 2011: 2 Potential 2012: 6

Average 2011 : 18 Potential 2012 & 2013: 21

Average 2011 : 3 Potential 2012: 6

Average 2011 : 0 Potential H2 2012: 3

Average Q1 2012: 0 Potential Q12013: 8/9

East Africa

Arctic US?

Offshore China?

Arctic Russia?

GoM

Brazil

Angola

North Sea

India

Mediterranea

11

Uruguay: Potentiel Q42012/Q12013: 4

Global Seismic Offshore 2012 Perspectives

Average 2011 & 2012 : 2 Potential 2012: 3

Higher confidence in good pricing conditions for 2012 and 2013

Early tendering for Q4 2012 /Q1 2013, larger surveys (Indonesia, Australia…), first two WAZ surveys offshore Brazil and several clients deferring North Sea programs to 2013

Caribbean Potentiel Q1 2013: 3/4

Australia

Average 2012: 3 Potential 2013: 6

South East Asia

Average 2011 & 2012: 6 Potential 2013 : 8/9

2012 Multi-Client Perspectives

12

► Q1 2012 Results

Multi-Client Revenue up 52% y-o-y

Strong marine after-sales in the GoM and the North Sea

MC Capex focused offshore Brazil and onshore in Alaska and Marcellus basin

Depreciation rate at 71% with a less favorable sales mix

Prefunding rate at 56%, prefunding shift to Q2

► 2012 Outlook

Gulf of Mexico 5 years plan released

Sales and outlook strengthening

Commercial activity growing ahead of Brazil bid rounds

CGGVeritas to return in the Gulf of Mexico mid 2012s

Capitalize on our core basins in select location combined with advanced technology (BroadSeis)

H1 activity offshore Brazil and North Sea

Unconventional resources expected to drive land MC business

North Dakota 472 mi2

Wyoming 3,200 mi2

Louisiana 1,100 mi2

Mid-Continent 3,000 mi2

Gulf Coast 2,400 mi2

Pennsylvania 1,800 mi2

2012 Land Perspectives

80% of 2012 revenue in backlog

Recent large contract awards

Increasing demand for mega crews for reservoir delineation & production, especially in the Middle-East

Shallow water & OBC market very active

13

► Q1 2012 Results

Revenue down 23% y-o-y

Strong winter campaign in North America with 12 crews

Sustained activity in Saudi Arabia

Mobilisation of our land crews in North Africa in a still uncertain geopolitical context

► 2012 Outlook

2012 Processing, Imaging and Reservoir Perspectives

► Q1 Revenue up 6%

Strong activity in the hub open processing centers

► Strong market conditions with continued differentiation through high-end imaging and worldwide local presence

► Dramatic increase in data volumes and intensity in both Land & Marine

► Increasingly complex subsurface geological challenges

14

8 km

5 km

Paris ring road Exclusion Zone of our vessels

First HiRes BroadSeis WAZ survey

2012 Perspectives: Growth and Performance

► Pursuit of our 2011-2012 performance plan

Objective of $150 million additional operating income by the end of 2012

► Investments guidance confirmed:

Recurring Industrial Capex of around $250 million

Non recurring Industrial Capex of $65 million related to the upgrade of the Champion in Q1

Multi-Client Cash Capex around:

Marine multi-client cash Capex around $200 - $250 million and Land multi-client cash Capex around $120 - $150 million

Prefunding around 85%

15

2012 Perspectives: Growth and Performance

► Group revenue is expected to grow 10%-15%

► Sercel should continue to grow and deliver excellent results

► Services should improve significantly, especially in the second half of the year

Marine prices and our vessels utilisation rate should progressively improve with an increase demand for BroadSeis

Land activity should remain sustained with a good visibility for our land crews across the year

Multi-Client activity should remain strong with the restart of deep offshore exploration programs

Processing, Imaging & Reservoir should continue to grow in a context of a stronger technological demand

16

In this context and with the progress of our performance plan, 2012 should be a new

journey of growth and performance