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OCTOBER 2013 INVESTOR PRESENTATION – Tenaris Sa

Tenaris Sa · Oct 10, 2013 · 18 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. OCTOBER 2013 INVESTOR PRESENTATION – Tenaris Sa – slide 1
    Investor Presentation Paolo Rocca Chairman and CEO
  2. OCTOBER 2013 INVESTOR PRESENTATION – Tenaris Sa – slide 2
    Market environment Oil prices Gas prices 140 [/bbl] 25 [/MMbtu] Brent 120 Spot LNG 20 NE Asia 100 WTI 15 80 WCS NBP ICE UK 60 10 40 5 HH 20 0 0 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12…
  3. OCTOBER 2013 INVESTOR PRESENTATION – Tenaris Sa – slide 3
    Market environment Rig count US drilling efficiencies [Well/Rig, index 1Q12] 4.000 1.30 3.500 1.19 1.20 3.000 1.09 2.500 1.10 1.02 2.000 1.00 1.500 0.90 Avg Shale 1.000 Avg US Land 0.80 500 Avg Non Shale - 0.70 2009…
  4. OCTOBER 2013 INVESTOR PRESENTATION – Tenaris Sa – slide 4
    OCTG demand OCTG demand evolution Premium OCTG consumption by application (2013F) [Mill Tn] Premium 16,5 16,6 Deep 15,2 Water API 3,4 Others Oil 13,4 3,9 14% 2,8 24% 2,4 10,1 Shallow 2,0 Water 21% Others 12,4 13,1 12,8…
  5. OCTOBER 2013 INVESTOR PRESENTATION – Tenaris Sa – slide 5
    OCTG demand [Mill Tn] 16,5 16,6 Shales 15,2 Others 13,4 4,0 4,2 2,8 1,6 10,1 11,8 12,4 12,5 12,4 10,1 2009 2010 2011 2012 2013F Investor presentation Tenaris October 2013 6
  6. OCTOBER 2013 INVESTOR PRESENTATION – Tenaris Sa – slide 6
    Shipments by product type 200% 132% 100% 107% 86% 2010 2011 2012 2013F PREMIUM OCTG SLP INDUSTRIAL Investor presentation Tenaris October 2013 7
  7. OCTOBER 2013 INVESTOR PRESENTATION – Tenaris Sa – slide 7
    Key markets in transition 2013 Mid-term USA & Canada Infrastructure constraints Shale gas Unfairly traded imports Thermal Mexico Chicontepec Energy & fiscal reform Pemex financial and operating Deepwater constraints Shale…
  8. OCTOBER 2013 INVESTOR PRESENTATION – Tenaris Sa – slide 8
    USA OCTG trade case On July 2nd, local industry filed a case against OCTG imports from nine countries USA OCTG imports including South Korea [Mill Tn] 3,5 3,3 On August 16th, the ITC determined there 3,0 2,6 0,8 is a reasonable…
  9. OCTOBER 2013 INVESTOR PRESENTATION – Tenaris Sa – slide 9
    Bay City Investor presentation Tenaris October 2013 10
  10. OCTOBER 2013 INVESTOR PRESENTATION – Tenaris Sa – slide 10
    Bay City: strategic location Hickman Fayetteville Woodford Barnett Permian Haynesville Tuscaloosa Marine Houston Conroe / McCarty Westwego 500 mile radius Freeport Bay City 350 mile Mexico Eagle Ford radius…
  11. OCTOBER 2013 INVESTOR PRESENTATION – Tenaris Sa – slide 11
    Key markets showing strong growth Middle East OCTG consumption Deepwater OCTG consumption [Th Tn] [Th Tn] 54% 1.400 600 50% 1.200 43% PJ Gas 500 1.000 40% 400 800 30% 300 600 Oil 20% 200 400 10% 100 200 0 0% 0 2011…
  12. OCTOBER 2013 INVESTOR PRESENTATION – Tenaris Sa – slide 12
    Premium connections portfolio New products for more complex drilling requirements TSH Wedge 623 TSH Blue Riser Deepwater TSH Wedge 623 (GOM) TSH Blue Riser (GOM) HP/HT Blue Max (North Sea) Blue Heavy Wall (Angola) TSH Blue…
  13. OCTOBER 2013 INVESTOR PRESENTATION – Tenaris Sa – slide 13
    Global industrial system and supply chain Investor presentation Tenaris October 2013 14
  14. OCTOBER 2013 INVESTOR PRESENTATION – Tenaris Sa – slide 14
    Financial performance Free cash flow and EBITDA margin LTM FCF US million 6.000 SLB 5.000 4.000 3.000 2.000 TS HAL 1.000 BHI LTM - EBITDA % 0% 5% 10% 15% 20% 25% 30% 35% -1.000 WFT -2.000 LTM= last twelve…
  15. OCTOBER 2013 INVESTOR PRESENTATION – Tenaris Sa – slide 15
    Financial performance Free cash flow and EBITDA margin LTM FCF US million TS 1.500 1.000 TMK 500 VK LTM - EBITDA % 0% 5% 10% 15% 20% 25% 30% 35% -500 LTM= last twelve months Free cash flow = Operating cash flow…
  16. OCTOBER 2013 INVESTOR PRESENTATION – Tenaris Sa – slide 16
    Strategic agenda Expansion in North America: new industrial and logistics center in USA Strengthen our leading position in Latin America: Mexico, Colombia, Brazil, Argentina Leverage technical leadership and global capabilities…
  17. OCTOBER 2013 INVESTOR PRESENTATION – Tenaris Sa – slide 17
    Investor presentation Tenaris October 2013 18
  18. OCTOBER 2013 INVESTOR PRESENTATION – Tenaris Sa – slide 18
    Operating and financial results M illions of US (except rat ios and per ADS amount s) 2009 2010 2011 2012 IH 2013 Net Sales 8.149 7.712 9.972 10.834 5.508 Operating income 1.734 1.519 1.844 2.357 1.132 EBITDA 2.239 1.959 2.399…

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