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MAY 2005 INVESTOR PRESENTATION – Tenaris Sa

Tenaris Sa · May 10, 2005 · 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. MAY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 1
    Nigel Worsnop IR Director Investor presentation Tenaris May, 2005
  2. MAY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 2
    A key player in the global energy industry Revenues by segment (2004) Leading global supplier of seamless pipes Others 2% to the oil and gas industry with manufacturing Energy 10% operations worldwide Welded 9% Leading…
  3. MAY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 3
    Leader in OCTG sector World seamless OCTG production Market cap of quoted sector 2004 market share players (1) 9,000 Japanese 8,000 Producers Others 4% C hinese 9% Producers 7,000 22% 6,000 USA Producers 5,000 13% 4,000…
  4. MAY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 4
    Solid industrial platform Integrated, fully invested network of 3 steel mills, 13 rolling mills and 14 heat treatment facilities producing seamless pipes in 7 countries Annual capacity of 3.3 million tons of seamless and 850,000…
  5. MAY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 5
    Positioned to serve the growing needs of demanding markets Investor presentation Tenaris March, 2005 6
  6. MAY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 6
    Serving four market segments Focusing on direct sales to end-user customers Developing industry-leading products Redesigning the supply chain Established roots in major energy producing countries Oilfield Pipeline Process…
  7. MAY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 7
    Consistently profitable operations 2001 2002 2003 2004 Millions of USD Net Sales 3,174 3,219 3,180 4,136 Seamless 2,496 2,244 2,376 3,273 Welded 433 580 351 348 Energy 113 210 333 418 Others 132 185 120 97 EBITDA (1) 644…
  8. MAY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 8
    Strong financial position Firm Value (Million USD) USD 8,508 Indebtedness (Million USD) As of December 31, 2004 Net Debt 828 Cash & Cash Equivalents (1) 431 Market Cap (4) Financial Debt (2) 1,259 7,680 Net Debt 828 Net…
  9. MAY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 9
    Consolidating long-term growth and industry leadership Global industrial structure based on low-cost operations Economies of scale support investment in R&D and in our unique global commercial network Supply-chain integration…
  10. MAY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 10
    Investor presentation Tenaris March, 2005 11
  11. MAY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 11
    Appendix Investor presentation Tenaris March, 2005 12
  12. MAY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 12
    World oil demand mmb/d Rig USD/b s bl 85,000 80,000 75,000 70,000 65,000 60,000 55,000 50,000 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 E 2005 E Source:EIA and Deutsche Bank Investor…
  13. MAY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 13
    Rig counts Rigs USD/bbl Rig 2,500 60 (1) s RIG COUNT: IVQ03 IVQ04 50 USA: 1109 1249 2,000 Canada: 408 420 40 (2) 1,500 Latin America: 266 306 30 Other Intl.: 525 556 1,000 20 TOTAL: 2308 2531 500 (1) Average Quarterly…
  14. MAY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 14
    E&P spending forecast 2003 A 2004 E 2005 E (Billion of USD) VS. 03 VS. 04 USA 32.9 38.4 16.7% 41.3 7.5% Canada 15.8 16.9 7.0% 18.7 11.0% Outside USA/Canada 99.7 108.3 8.6% 112.5 3.9% Worldwide 148.4 163.6 10.2% 172.5…
  15. MAY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 15
    Changing focus of the majors Activity in non-traditional areas forecast to rise to 42% of total in 2010 000 boe/d 30,000 25,000 20,000 Russia Caspian Heavy oil 15,000 LNG Deep water 10,000 Traditional 5,000 0…
  16. MAY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 16
    Strategic raw material costs USD/ton Jul. 03 Dec. 03 Jun. 04 Sep. 04 Dec.04 Europe Scrap 141 194 207 272 281 Pig iron 168 200 285 340 350 North America Scrap 136 172 148 207 230 Pig iron 165 200 270 350 340 HBI 150 195 260 320…
  17. MAY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 17
    Acquisitions during 2004 Silcotub (Romania) Enter Eastern Europe and strenghten position in European industrial and automotive market Efficent and modern plant with cold drawing and finishing facilities Additional 180,000 tons of…
  18. MAY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 18
    Corporate organization Tenaris Manufacturing Services & Investment & Technology Procurement Companies Trading Financial AlgomaTubes Tenaris Global Tenaris Tenaris (Canada) Exiros Services Investments Connections Dalmine…

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