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May 2015 Investor Presentation – Tenaris Sa

Tenaris Sa · May 12, 2015 · 9 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. May 2015 Investor Presentation – Tenaris Sa – slide 1
    Investor Presentation
  2. May 2015 Investor Presentation – Tenaris Sa – slide 2
    Market environment Oil Prices Gas Prices [/bbl] [/MMbtu] 140 25 120 Spot LNG NE Asia Brent 20 100 WTI 80 15 60 10 40 WCS NBP ICE UK 5 20 HH 0 0 May-08 May-09 May-10 May-11 May-12 May-13 May-14 May-15…
  3. May 2015 Investor Presentation – Tenaris Sa – slide 3
    OCTG demand [Mill Tn] 17.5 17.1 16.5 15.2 3.6 3.6 3.1 2.7 0.7 0.3 1.2 12.0 2.7 0.9 12.4 13.0 13.2 12.2 8.4 2011 2012 2013 2014 2015F API Semi-PRM PRM Investor presentation Tenaris May, 2015 4
  4. May 2015 Investor Presentation – Tenaris Sa – slide 4
    North America market context Rig count Korean OCTG imports in the US 3,000 USA 250 [Th Tn] 2,500 Canada 200 2,000 150 1,500 100 1,000 500 50 0 0 Jan-14 Apr-14 Jul-14 Oct-14 Jan-15 Apr-15 Jan-14 Apr-14 Jul-14 Oct-14 Jan-15…
  5. May 2015 Investor Presentation – Tenaris Sa – slide 5
    Rest of the world mixed dynamics Trend Main drivers Mexico Pemex capex reduction Delay in energy reform Brazil Rota 3 pipe line Argentina Pipe line projects Stable OCTG demand Middle East Saudi Arabia destocking…
  6. May 2015 Investor Presentation – Tenaris Sa – slide 6
    Sustainable financial performance EBITDA margin and FCF/revenues US Million Free Cash Flow 14% [2014 FCF/revenues %] SLB 1.800 1.600 12% 1.400 10% TS 1.200 8% 1.000 6% VK BHI 800 600 4% HAL 400 2% 200 [2014 EBITDA %] 0 0%…
  7. May 2015 Investor Presentation – Tenaris Sa – slide 7
    Operating and financial results M illions of US (except ratios and per ADS amounts) 2010 2011 2012 2013 2014 IQ 2015 Net Sales 7,712 9,972 10,834 10,597 10,338 2,254 Operating income 1,519 1,844 2,357 2,185 1,899 379 EBITDA 1,959…
  8. May 2015 Investor Presentation – Tenaris Sa – slide 8
    Preparing for the downturn Financial strength: cash positive, good cash flow and higher margins than competitors Flexible industrial system: adjusting operations and costs to fit the new environment, reducing working capital…
  9. May 2015 Investor Presentation – Tenaris Sa – slide 9
    Investor presentation Tenaris May, 2015 10

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