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viridiengroup.com FINANCIAL RESULTS Q3 2026 November 3, 2026
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2 Solid cash generation and continued deleveraging, with further evidence of commercial recovery Q3 2026 performance supported by Geoscience Further balance sheet strengthening FY 2026 objective confirmed Segment revenue $237m Segment adj. EBITDAs $100m Solid Net Cash Flow $67m in 9M 2026 vs $62m in 9M 2025 Continued deleveraging Net Debt(1) reduced to $656m Further partial early bond redemption announced for November $100m of Net Cash Flow GEO back to growth EDA and SMO softer Broadening commercial opportunities GEO pending bids up by a high double-digit percentage YoY Selective recovery opportunities at SMO supported by mega-crew tenders EDA momentum building across emerging and frontier basins (1) Excluding IFRS16
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3 cgg.com Key business highlights Q3 2026
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4 216 227 184 351 256 267 Dec 31, 2021 Dec 31, 2022 Dec 31, 2023 Dec 31, 2024 Dec 31, 2025 Sept 30, 2026 Quarterly segment revenue back above $110m 108 95 112 334 305 34 45 33 93 123 Q3 2025 Q2 2026 Q3 2026 9M 2025 9M 2026 278 286 313 343 374 409 2021 2022 2023 2024 9M 2025 9M 2026 Total production ($M) Backlog ($M) GEOSCIENCE External Segment revenue Internal production Total production / employee ($k) +9% 142 145 427 428 141 External revenues up +17% sequentially Pending bids up high double digits YoY
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5 Advanced reprocessing materially changes subsurface understanding 2015 original processing 2025 latest-generation FWI reprocessing GEOSCIENCE Same underlying streamer dataset Radically different subsurface insight Reprocessing can create substantial value for E&Ps A dry well explained with hindsight 2019 2025 Three major operators drilled a presumed prospect despite limited visibility below the salt, resulting in a dry well FWI reprocessing reveals a previously unresolved salt pedestal near the targeted prospect, helping explain the drilling outcome and reassess the prospect geometry A fraction of the cost and lead time of new seismic acquisition De-risks prospect evaluation and drilling decisions, potentially avoiding significant cost and time Potential hydrocarbon traps 2000 4000 6000 8000 10000 12000 14000 depth in meters depth in meters 2000 4000 6000 8000 10000 12000 14000 27 km
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6 Q3 comparison impacted by exceptional 2025 transfer fees, while commercial activity continues to build across emerging and frontier basins EARTH DATA 136 69 306 200 Q3 2025 Q3 2026 9M 2025 9M 2026 Segment revenue ($M) Q3 2025 benefited from significant transfer fees Disciplined multi-client investment $36m capex in Q3 2026 -20% YoY Reflecting project mix and phasing Main Q3 projects ▪ Guyana Shallow Water 3D(1) streamers ▪ Norway Frigg OBN ▪ Malaysia Lankasuka 3D(2) hybrid OBN and streamers Upcoming projects ▪ Egypt OBN ▪ Honduras 3D streamers ▪ Uruguay 3D streamers (1) in partnership with BGP (2) in collaboration with MPM of Malaysia
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7 Viridien’s seismic data library supports Brazil’s latest major discoveries Morpho, Amapa basin Petrobas’ latest discovery in the equatorial margin EARTH DATA Bumerangue, Santos basin bp’s largest discovery in 25 years 2 major recent discoveries drilled on Viridien data Validates library quality Strengthens our position in high potential basins Drives future licensing and investment 45 km 6depth in km 4 2 8 depth in km 15 km 6 4 2 1 2 3
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8 69 56 249 178 Q3 2025 Q3 2026 9M 2025 9M 2026 SENSING & MONITORING Segment revenue ($M) 24 26 119 76 Q3 2025 Q3 2026 9M 2025 9M 2026 21 14 67 49 Q3 2025 Q3 2026 9M 2025 9M 2026 Land Marine Challenging market conditions continue to weigh on SMO, with further optimization actions under review and mid-term opportunities in sight
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9 cgg.com Financial performance review Q3 2026
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10 Uneven 9M revenue performance, with Geoscience returning to growth Segment revenue(1) ($M) 244 181 639 50569 56 249 178 Q3 2025 Q3 2026 9M 2025 9M 2026 313 237 • Data, Digital & Energy Transition • Sensing & Monitoring -21% year-on-year -28% year-on-year 888 683 (1) For IFRS figures, see appendices
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11 170 112 408 302 4 -5 30 -12-7 -6 -22 -22 Q3 2025 Q3 2026 9M 2025 9M 2026 Solid Geoscience profitability partly offsets softer activity across other business lines and an exceptional 2025 Earth Data comparison Segment adjusted EBITDAs(1) ($M) 167 417 • Data, Digital & Energy Transition • Sensing & Monitoring 62% adj. EBITDAs margin Negative adj. EBITDAs ▪ GEO: margin at its highest quarterly level of the year ▪ Lower revenue ▪ Forex headwinds (-$8m impact over 9M) ▪ EDA: comparison impacted by the absence of transfer fees Corporate costs 100 268 (1) For IFRS figures, see appendices
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12 Limited IFRS 15 impact in Q3, while 9M uplift mainly reflects Laconia completion Segment (in millions of $) Q3 2026 Q3 2025 9M 2026 9M 2025 Revenue 237 313 683 888 EBITDAs 100 167 260 417 Operating Income 19 93 27 179 IFRS (in millions of $) Q3 2026 Q3 2025 9M 2026 9M 2025 Revenue 236 266 771 758 EBITDAs 98 120 348 287 Operating Income 13 77 25 149 Equity from investment 0 0 0 -1 Net cost of financial debt -23 -27 -72 -79 Other financial income / (loss) 0 -1 -1 -35 Income taxes 1 -9 0 -16 Net income / (loss) from continuing operations -10 41 -47 17 Net income / (loss) from discontinuing operations 0 1 1 3 Group Net income / (loss) -10 41 -46 19 Other financial result 9M 2025 included early refinancing costs and adverse forex effects IFRS 15 impact ▪ On revenue and EBITDAs: c.+$150m of Laconia impact in Q2 upon project completion, partly offset over 9M by c.-$60m related to ongoing projects in Norway and Guyana ▪ On Operating Income: Laconia revenue uplift offset by c.$150m of associated amortization recognized in Q2 upon delivery
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13 Working capital normalization and disciplined investment support higher Net Cash Flow despite lower EBITDAs 9M 2025 NCF Adjusted segment EBITDAs Change in WCR Net capex and leases Cost of debt Other 9M 2026 NCF 9M 2025 to 9M 2026 Net Cash Flow bridge ($M) Strong EDA collection and full collection of outstanding PEMEX receivables 9M 2025 Net Cash Flow 9M 2026 Net Cash Flow Change in segment adj. EBITDAs Change in working capital Change in other cash items Change in net capex and leases Change in cost of debt 62 67+4+1+44 +104 -148 Lower EDA capex, partly offset by higher industrial ones (US HPC) Cost of debt broadly stable YoY, with lower principal offset by higher interest rates and FX
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14 Net debt reduced to $656m, with further early bond redemption announced for November (1) Dec 31, 2024: CSI loan / Dec 31, 2025 & Sep 30, 2026: BPI loans 447 399 359 601 496 481 31 13 21 Dec. 31, 2024 Dec. 31, 2025 Sep. 30, 2026 Bonds (Usd tranche) Bonds (Euro tranche) Other borrowings 1,080 908 861 (1) Next deleveraging action ▪ Further partial early redemption of the euro- denominated notes ▪ c. $48m equivalent to be redeemed at 103% of par on November 16, 2026 Deleveraging remains a capital allocation priority for the Group, supported by continued Net Cash Flow generation Net debt excluding IFRS 16 ($M) 656735778 Gross debt excluding IFRS 16 ($M)
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15 cgg.com OUTLOOK
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16 Outlook $100m of Net Cash Flow Market outlook FY 2026 objective Mature basins remain supportive Infrastructure-led exploration and optimization of existing fields continue to sustain demand for high-end imaging Frontier and emerging basins gaining momentum E&Ps are advancing projects and positioning to secure acreage, supporting demand for reprocessing and selective new acquisition Confirmed Recovery expected to build further through Q4 and into 2027 Improving customer engagement and sustained tendering activity point to a progressively more supportive market environment
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17 cgg.com APPENDICES
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18 Financial calendar FY 2026 results February 25, 2027 (after market) May 4, 2027 (after market) Q2 2027 results July 29, 2027 (after market) Q3 2027 results November 3, 2027 (after market) Q1 2027 results
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19 90% 10% 60% 30% Shareholding Structure (end of September 2026) Total number of shares 7,219,747FIL Investments International Free float Other professional investors Retail investors
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20 Proven track record of resilient performance, with only ~17% “peak to trough” Significant exposure to resilient development and production revenues Low historic volatility ($M) 351 396 385 328 269 284 335 404 444 2017 2018 2019 2020 2021 2022 2023 2024 2025 ✓ ✓ Well diversified client base, both geographically and by type✓ GEOSCIENCE Resilient, cycle-proof revenue performance (~17%) peak to trough adjusted for disposals (1) The 2021 figure is adjusted for disposals and presented on a pro forma basis (1)
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21 Premier sub-surface imaging capabilities with a global footprint Computing power (PFLOPS) GEOSCIENCE Global footprint of imaging centers Houston Villahermosa Calgary Rio de Janeiro London Paris Stavanger x2 Pau Oslo Cairo Abu Dhabi Vienna Moscow Mumbai Singapore Jakarta Beijing Perth Open Centers (16) Dedicated Centers (6) Brunei Oman 72 250 291 510 690 765 2017 2019 2021 2023 2025 Sep 30, 2026Regional Hubs (5) Kuala Lumpur
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22 Technologically advanced, up-to-date data library in the most prolific basins globally EARTH DATA ~$0.35bn net book value 17,522 km² OBN 3D seismic data 1.4m km² 3D seismic data https://geostore.viridiengroup.com/ Explore Viridien’s Geostore
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23 Key segment P&L figures (in millions of $) Q3 2026 Q3 2025 Change (%) 9M 2026 9M 2025 Change (%) €/$ exchange rate 1.16 1.16 0% 1.17 1.11 +6% Segment revenue 237 313 -24% 683 888 -23% DDE 181 244 -26% 505 639 -21% Geoscience 112 108 +3% 305 334 -8% Earth Data 69 136 -49% 200 306 -35% SMO 56 69 -18% 178 249 -28% Land 26 24 +11% 76 119 -37% Marine 14 21 -32% 49 67 -26% Other 16 24 -34% 53 62 -15% Segment EBITDAs 100 167 -40% 260 417 -38% Adjusted Segment EBITDAs 100 167 -40% 268 417 -36% DDE 112 170 -34% 302 408 -26% SMO -5 4 n.a. -12 30 n.a. Corporate and other -6 -7 -15% -22 -22 +1% Segment Operating Income 19 93 -79% 27 179 -85% Adjusted Segment Operating Income 19 93 -79% 36 179 -80% DDE 38 103 -63% 91 190 -52% SMO -11 -2 +421% -29 13 n.a. Corporate and other -8 -8 -8% -26 -24 +7% EDA Cash EBITDA 19 73 -74% 47 112 -58%
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24 Other KPIs (in millions of $) Q3 2026 Q3 2025 Change (%) 9M 2026 9M 2025 Change (%) Geoscience backlog 267 290 -8% 267 290 -8% Total capex 47 54 -12% 138 173 -20% Earth Data library net book value 345 534 -35% 345 534 -35%
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25 Reconciliation IFRS vs Segment (in millions of $) Q3 2026 9M 2026 Segment IFRS 15 adjustments IFRS Segment IFRS 15 adjustments IFRS Revenue 237 -2 236 683 +88 771 EBITDAs 100 -2 98 260 +88 348 Non-recurring charges and gains 0 0 9 9 Adjusted EBITDAs 100 -2 98 268 +88 356 Operating Income 19 -7 13 27 -2 25 Non-recurring charges and gains 0 0 9 9 Adjusted Operating Income 19 -7 13 36 -2 34 IFRS 15 requires that Earth Data prefunding revenues be recognized only upon delivery of the final processed data, that is, when the performance obligation is fulfilled. As a result, revenue and margin recognition for ongoing surveys is deferred. Viridien’s segment reporting, however, continues to apply the percentage-of-completion method previously used before the adoption of IFRS 15, for recognizing Earth Data prefunding revenues and associated margins
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26 Disclaimer This presentation contains forward-looking statements, including, without limitation, statements about Viridien (“the Company”) and its 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 other regulated information filed with the AMF.
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