Paris (France), July 30, 2024, 17h45 CET STRONG RESULTS DRIVEN BY GEOSCIENCE'S PERFORMANCE   Q21 H11 Revenue2 $258m (-10%) $532 million (+7%) Adjusted EBITDA2 $94m (-10%) $200 million (+17%) Net Cash-Flow $(6)m (vs $(79)m in Q2 2023) $24m (vs $(78)m in H1 2023) Sophie Zurquiyah, Chief Executive Officer of Viridien, said: "The second quarter confirmed the favorable environment that we anticipated for our Geoscience and Earth Data businesses, with strong order intake and a good pipeline of multiclient projects leading well into 2025. In particular, we started a significant ocean bottom node project in the Gulf of Mexico, featuring several of our leading technologies that are critical to solving subsurface complexities.   Sensing & Monitoring revenue lowered this second quarter without "mega crew" equipment orders in 2024 and we are making good progress with its transformation plan to mitigate the impact on financial results. Following our recent S&P credit rating upgrade, we have signed an extension of our $100 million revolving credit facility to October 2026, a key element of our financial roadmap. Given our solid performance in the first half of the year and improved visibility for the second half, we reiterate our full year targets for Revenue, EBITDA and Net Cash Flow." Second Quarter Highlights Group IFRS Revenue, EBITDA and Net Income: $317 million, $150 million and $35 million. CGG changed its name to Viridien, marking the next stage in its strategic growth as an Advanced Technology, Digital and Earth Data company. DDE: strong revenue growth (+24%) and order intake (+91%) with good momentum for both Geoscience and Earth Data. Overall group revenue decline, because of the absence of mega crew in Sensing & Monitoring (SMO) compared to Q2 2023 DDE Adjusted EBITDA of $96 million, a 26% increase vs last year, offset by SMO decline (-82% at $6 million).   Final settlement with ONGC of our ten-year-old commercial litigation. Net Cash flow of $(6) million, with contractual fees from vessel commitments of $(13) million. Liquidity at $430 million (including $ 90 million undrawn RCF). Standard & Poor credit rating upgrade to B- (from CCC+) and revolving credit facility extended twelve months to October 2026. [1] All variations refer to the same period last year[2] Unless otherwise stated, all figures and comments are referring to "Segment" (i.e. pre-IFRS 15), as defined in the 2023 Universal Registration Document's glossary, under section 8.7 Digital, Data and Energy Transition (DDE) Strong revenue growth while profitability was impacted by $(8) million in penalty fees from vessel commitments (vs $(1) million during Q2 2003). Revenue $177 million and Adjusted EBITDA $96 million up 24% and 26% respectively vs Q2 2023. Geoscience Revenue at $105 million (+31%), making Q2 2024 the strongest quarter since Q4 2015. Market continues to gradually strengthen, driven mainly by infrastructure-led exploration and nearfield development. Order intake up 64% with increasing project sizes and broad adoption of our most advanced imaging technologies. Beyond The Core showing positive momentum, with order intake up 4% in Q2 thanks to both CCUS and Minerals and Mining. Alliance signed with Baker Hughes to offer combined high-quality and fully integrated CCS solutions to clients. HPC & Cloud Solutions: agreement signed with key digital media player Ranch Computing to provide compute capacity and support for optimizing their image rendering business. Earth Data Revenue: $72 million (+15%). Prefunding revenue at $41 million (-3%) with the start of a well-supported project in Norway and funding for ongoing projects in South America. After-sales at $31 million (+53%), with significant sales in the North Sea and the Gulf of Mexico both for Exploration & Production and CCUS. Slow but steady market improvement. Clients remain active in near-field exploration and are expanding into new frontier areas. The Laconia sparse node program in the Gulf of Mexico (initiated in mid-July) will greatly enhance the value of our StagSeis surveys. Supported by funding from major clients, the survey is in an area with an attractive mix of owned and open blocks. Beyond The Core: Grav-Mag program for the mining industry in Arizona, USA, was completed this quarter, providing an integrated multi-discipline data package. Sensing and Monitoring (SMO) Revenue at $82 million, down 44% across land and marine products, following delivery of the "mega crew" systems in 2023. Adjusted EBITDA at $6 million, down 82%. Based on the equipment business market cycles, mainly driven by the activities of large land crews, SMO's management initiated a transformation plan focused on cost reductions, operational and financial performance and cash generation. Beyond The Core: increasing equipment and systems sales for applications outside oil and gas, with the delivery of several railway, mine and other infrastructure monitoring solutions. Other events during the period Reverse share split on the basis of 1 new share of €1.00 nominal value for 100 old shares of €0.01 nominal value, effective on July 31, 2024. Post closing event Viridien has signed an agreement for the extension of the maturity of its revolving credit facility to October 2026 (vs October 2025). 2024 Financial objectives The Group reiterates its 2024 financial objectives for revenue, EBITDA and cash flow and confirms its 2024-2025 financial roadmap. Earth Data cash Capex indication is adjusted for Laconia. Revenue expected to be in line with 2023 EBITDA to be positively impacted by business mix Earth Data cash Capex now expected at $230-250M Net Cash Flow to reach similar level as 2023 Q2 2024 Conference call The press release and the presentation are available on our website www.viridiengroup.com at 5:45 pm (CET) An English language analysts conference call is scheduled today at 6.00 pm (CET) Participants should register for the call here to receive a dial-in number and code or participate in the live webcast from here. A replay of the conference call will be made available the day after for a period of 12 months in audio format on the Company's website. The Board of Directors met on July 30, 2024 and approved the consolidated financial statements ending June 30, 2024. Limited review procedures were completed, and an unqualified review report has been issued by the statutory auditors. About Viridien (formerly CGG): Viridien (www.viridiengroup.com) is an advanced technology, digital and Earth data company that pushes the boundaries of science for a more prosperous and sustainable future. With our ingenuity, drive and deep curiosity we discover new insights, innovations, and solutions that efficiently and responsibly resolve complex natural resource, digital, energy transition and infrastructure challenges. Viridien employs around 3,500 people worldwide and is listed as VIRI on the Euronext Paris SA (ISIN until July 30: FR0013181864 and ISIN as from July 31: FR001400PVN6). Contact:    VP Corporate FinanceJean-Baptiste    Q2 & H1 2024 - Financial Results Key Segment P&L figures(In million $)   2023Q2   2024Q2   Var.%   2023HY   2024HY   Var.%       Exchange rate euro/dollar 1,08 1,08 (0%) 1,08 1,08 1%   Segment revenue 289 258 (10%) 498 532 7%   DDE 142 177 24% 286 362 26%   Geoscience 80 105 31% 159 193 21%   Earth Data 62 72 15% 127 169 33%   Prefunding 42 41 (3%) 77 99 28%   After-Sales 20 31 53% 50 70 41%   SMO 146 82 (44%) 212 170 (20%)   Land 51 29 (43%) 70 74 5%   Marine 84 42 (50%) 118 75 (36%)   Beyond the core 11 11 (3%) 23 21 (8%)   Segment EBITDAs 104 91 (13%) 170 196 15%   Adjusted * Segment EBITDAS 104 94 (10%) 171 200 17%   DDE 76 96 26% 147 199 36%   SMO 34 6 (82%) 35 16 (53%)   Corporate and other (6) (8) (24%) (11) (16) (46%)   Segment operating income 77 26 (66%) 90 53 (41%)   Adjusted* Segment Opinc 77 29 (63%) 91 57 (37%)   DDE 58 39 (34%) 83 74 (11%)   SMO 26 (2)   21 0 (98%)   Corporate and other (8) (8) (9%) (13) (17) (35%)   *Adjusted for non-recurring charges and gains.               Other KPI(In million $)   2023Q2   2024Q2   Var.%   2023HY   2024HY   Var.%       Geoscience Backlog 235 246 5% 235 246 5%   Total Capex (78) (57) 28% (131) (115) 12%   Industrial capex (11) (6) 48% (30) (10) 67%   R&D capex (4) (4) (7)% (9) (8) 13%   Earth Data (Cash) (64) (47) 27% (92) (97) (5)%   Earth Data Cash predunding rate 66% 86%   84% 102%     EDA Library net book value* 459 440 (4)% 459 440 (4)%   Liquidity 220 340   220 340     o.w. undrawn RCF 95 90   95 90     Gross debt* (1 283) (1 281)   (1 283) (1 281)     o.w. accrued interests (20) (20)   (20) (20)     o.w. lease liabilities (94) (103)   (94) (103)     Net debt* 1 063 941   1 063 941     Net debt*/Segment adjusted EBITDAs   x2,2     x2,2     *Post IFRS15/16               Consolidated IFRS Income Statements(In million $)   2023Q2   2024Q2   Var.%   2023HY   2024HY   Var.%       Exchange rate euro/dollar 1,08 1,08   1,08 1,08     Revenue 339 317 (6%) 517 566 9%   EBITDA 155 150 (3%) 189 230 22%   Operating Income 82 52 (37%) 88 72 (19%)      Equity from Investment (0) 0 - (0) (0) 83%   Net cost of financial debt (26) (25) 3% (50) (49) 1%      Other financial income (loss) 0 (1) - 3 (1) -      Income taxes (19) (8) 59% (21) (6) 73%   Net Income / Loss from continuing operations 37 19 (50%) 21 16 (26%)