Paris, France – March 25, 2025 On March 25, 2025, Viridien successfully settled its issuance of $450 million in aggregate principal amount of 10% Senior Secured Notes due 2030 and €475 million in aggregate principal amount of 8.5% Senior Secured Notes due 2030 (together, the “Notes”). The Notes will be guaranteed on a senior secured basis by certain subsidiaries of Viridien. Viridien also entered into a $125,000,000 super senior Revolving Credit Facility Agreement (the “RCF”) secured by the same security pa ...

Paris, France – March 11, 2025 Today, Viridien S.A. successfully priced an offering (the “Offering”) of US$450 million 10% senior secured notes due September 2030 and €475 million 8.5% senior secured notes due 2030 (the “Notes”). The Notes will be guaranteed on a senior secured basis by certain subsidiaries of Viridien S.A. and will be issued at par and are expected to be issued on March 25, 2025 (the “Issue Date”). Viridien will also enter on the Issue Date into a US$125,000,000 super senior Revolving C ...

Company Overview - Viridien S.A. is an advanced technology, digital, and Earth data company focused on sustainable solutions for complex challenges in natural resources, digital, energy transition, and infrastructure [3] Offering Details - Viridien S.A. launched an offering of senior secured notes due 2030, with an aggregate principal amount equivalent to approximately US$950,000,000 [1] - The notes will be guaranteed on a senior secured basis by certain subsidiaries of Viridien S.A. [1] - Additionally, Viridien S.A. has secured a US$125,000,000 revolving credit facility on a super senior basis [1] Use of Proceeds - The net proceeds from the offering, along with cash on hand, will be used to fully redeem existing senior secured notes due 2027, totaling US$447,400,000 and €578,600,000 [2]

Core Points - Viridien has published its 2024 Universal Registration Document, which was filed with the French Financial Markets Authority on March 6, 2025 [2] - The document is available in the European Single Electronic Format and can be accessed on both Viridien's and the AMF's websites [2][5] Company Overview - Viridien is a technology and data company focused on sustainable solutions, employing approximately 3,400 people globally and listed on Euronext Paris [3] - The company aims to address complex challenges in natural resources, digital technology, energy transition, and infrastructure [3] Document Contents - The 2024 Universal Registration Document includes the annual financial report, corporate governance report, share buyback program details, statutory auditors' reports, management report with sustainability information, and certification report on sustainability and taxonomy [5]

Core Insights - In 2024, Viridien achieved revenue targets while exceeding profitability and cash generation goals, driven by strong performance in Geoscience and Earth Data, alongside operational efficiency in Sensing & Monitoring [3][5] - The company is on track to generate approximately $100 million in net cash flow in 2025, supported by a robust backlog in Geoscience and a solid project pipeline in Earth Data [4][5] Financial Performance - For FY 2024, Viridien reported total revenue of $1,117 million, a slight decrease of 1% compared to the previous year, while adjusted EBITDA increased by 14% to $455 million [2][5] - Net cash flow for FY 2024 reached $56 million, a significant increase of 73% from the previous year, exceeding initial targets [2][5] - The Digital, Data & Environment (DDE) segment saw a revenue increase of 17% to $787 million, with adjusted EBITDA rising by 25% [5][12] Segment Highlights - Geoscience revenue grew by 20% to $404 million, driven by technology differentiation and increased order intakes [5][12] - Earth Data revenue increased by 14% to $383 million, with a notable 27% growth in Q4 [5][12] - Sensing & Monitoring revenue decreased by 27% to $330 million, reflecting the absence of mega crew systems during the year [5][12] Strategic Outlook - Viridien plans to strengthen its technology leadership in core markets while developing new business opportunities, particularly in Carbon Sequestration and Minerals & Mining [4][5] - The company anticipates continued improvements in financial performance due to the termination of contractual fees for vessel commitments and progress in restructuring plans [4][5] Market Trends - The offshore exploration market is gaining momentum, particularly in regions like the US Gulf, Brazil, and Norway, with increasing demand for high-end geophysical technologies [6][12] - There is a growing interest in Carbon Capture and Sequestration solutions, driven by oil and gas operators' investments to reduce carbon emissions [6][12]

Core Insights - The partnership between Viridien and Materials Nexus Ltd. (Matnex) aims to enhance Matnex's computational capacity for innovative materials discovery and production [1][2] - This collaboration focuses on accelerating innovation while minimizing environmental impacts in critical areas for the net-zero transition, including energy generation, storage, transport, and sustainable computing [2] - The use of Viridien's Outcome-as-a-Service model signifies a transformative approach in materials discovery, leveraging AI and high-performance computing (HPC) to industrialize Matnex's innovation pipeline [3] Company Overview - Viridien is an advanced technology and digital company dedicated to addressing complex challenges in natural resources, energy transition, and infrastructure, employing approximately 3,500 people globally [5] - The company is publicly listed on Euronext Paris SA under the ticker VIRI [5] Leadership Statements - Dr. Jonathan Bean, CEO of Matnex, emphasized that the partnership represents a significant advancement in materials science, enabling the tackling of complex challenges through large-scale AI utilization [4] - Chris Page, EVP of New Business Development at Viridien, highlighted the collaboration's potential to deliver faster, more accurate results while reducing R&D and operational costs, thus accelerating scientific discoveries [4]

Company Overview - Viridien is an advanced technology, digital, and Earth data company focused on sustainable solutions for natural resource, digital, energy transition, and infrastructure challenges [3] - The company employs approximately 3,500 people globally and is listed on Euronext Paris SA under the ticker VIRI [3] Financial Results Announcement - Viridien will announce its fourth quarter and full year 2024 financial results on February 27, 2025, after market close [1] - A conference call for analysts is scheduled for the same day at 6:00 PM CET, with a replay available for 12 months on the company's website [2][5] Communication and Contact Information - Investors can register for the conference call to receive dial-in details or participate in a live webcast [2] - Investor relations contact is Jean-Baptiste Roussille, available via phone and email for inquiries [4]

Contract Award - Viridien has been awarded a three-year contract by Petroleum Development Oman (PDO) to provide advanced land seismic imaging services at its dedicated processing center (DPC) in Muscat, Oman [1] - This contract continues a longstanding collaborative partnership between Viridien and PDO [1] Technical Expertise and Challenges - Viridien's geophysical experts at the Muscat DPC, the company's largest worldwide, will deploy advanced proprietary algorithms to improve image quality for PDO's seismic data [2] - Oman land data is characterized by complex near-surface conditions and strong multiples, requiring high-resolution velocity model building and elastic full-waveform inversion [2] - Viridien will address new challenges such as increased data density, developing land 4D monitoring, and reinforcing synergies between seismic imaging and reservoir characterization [2] - Viridien's HPC & Cloud Solutions specialists will deliver the necessary High-Performance Computing (HPC) capacity to implement advanced workflows [2] In-Country Value Initiatives - Viridien remains committed to its In-Country Value initiatives in Oman, promoting talent development, education, and outreach through close ties with local universities [3] CEO Statement - Sophie Zurquiyah, CEO of Viridien, congratulated the Muscat DPC team for their technical excellence and outstanding service, which led to the new contract award [4] - Viridien will continue to advance its geoscience and HPC technologies to address PDO's unique E&P challenges and support their business objectives [4] Company Overview - Viridien is an advanced technology, digital, and Earth data company that pushes the boundaries of science for a more prosperous and sustainable future [4] - The company employs around 3,500 people worldwide and is listed as VIRI on the Euronext Paris SA [4]

Core Insights - The company achieved revenue and EBITDA in line with guidance, with net cash flow for 2024 estimated at approximately $50 million, exceeding initial expectations of $30 million [1][3][7] - The CEO highlighted the successful implementation of the financial roadmap and the achievement of set goals for 2024 [2][5] - The strong performance was driven by the Data, Digital & Energy Transition (DDE) segment, particularly through Geoscience (GEO) activities and the launch of the Laconia project [4][5] Financial Performance - Full year 2024 revenue is estimated to be slightly above $1,100 million, with EBITDA around $430 million [7] - The company repurchased $60 million of its own bonds, doubling the initial commitment of $30 million, and improved its credit rating from S&P [3][7] - Net cash generation exceeded the initial target due to earlier than expected client collections, leading to a net debt of approximately $930 million after IFRS 16 [7] Future Outlook - The company reiterated its target of generating around $100 million in net cash flow for 2025 [5][7] - Continued strong activity in GEO and a robust pipeline of projects are expected to support future growth [7] - The revolving credit facility has been extended until October 2026 as part of the preparation for refinancing the 2027 bonds [3][7]

Group 1 - The company is a French société anonyme with a share capital of €7,161,465 [2] - As of December 31, 2024, the total number of issued shares is 7,161,465, with actual voting rights at 7,186,772 and theoretical voting rights at 7,187,021 [2] - All shares have the same voting rights, except for treasury shares which do not have voting rights and registered shares held for more than two years, which have double voting rights [2]