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SEPTEMBER 2009 INVESTOR PRESENTATION – Tenaris Sa

Tenaris Sa · Sep 7, 2009 · 12 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. SEPTEMBER 2009 INVESTOR PRESENTATION – Tenaris Sa – slide 1
    London Investor Presentation Paolo Rocca Chairman and Chief Executive Officer September 7, 2009
  2. SEPTEMBER 2009 INVESTOR PRESENTATION – Tenaris Sa – slide 2
    Tenaris through the decades 1950s Foundation 1960s Integration 1970s Modernization 1980s Expansion 1990s Globalization 2000s Differentiation London Investor Presentation Tenaris September 7, 2009 3
  3. SEPTEMBER 2009 INVESTOR PRESENTATION – Tenaris Sa – slide 3
    Today leader in our sector with differentiated products and services Full product range of premium, seamless and welded instrumental in changing procurement patterns Leaders in premium connection, sour service and riser…
  4. SEPTEMBER 2009 INVESTOR PRESENTATION – Tenaris Sa – slide 4
    And global positioning close to our customers London Investor Presentation Tenaris September 7, 2009 5
  5. SEPTEMBER 2009 INVESTOR PRESENTATION – Tenaris Sa – slide 5
    Impact of crisis on energy sector Rig count, WTI, North American natural gas and coal prices Rigs (US/mmbtu) 4,000 25.0 3,500 20.0 3,000 2,500 15.0 2,000 10.0 1,500 1,000 5.0 500 0 0.0 Jan-03 Jul-03 Jan-04 Jul-04…
  6. SEPTEMBER 2009 INVESTOR PRESENTATION – Tenaris Sa – slide 6
    High decline rates and long lead times make investments inevitable Global oil decline rates World Super Giant Giant All other Average rates per annum 2003-2007 Total 6.7% 3.4% 6.5% 10.4% Onshore 5.6%* 3.4% 5.6% 8.8%…
  7. SEPTEMBER 2009 INVESTOR PRESENTATION – Tenaris Sa – slide 7
    North American gas depletion is higher 25.0 Tcf NatGas 1,491 Consumption Imports + stock withdrawals 20.0 20 0 9 Vi n Vi Vi Vi ta n n Vi Vi ta 20 ge Vi ta Vi n nt nt ta n g ge 08 n…
  8. SEPTEMBER 2009 INVESTOR PRESENTATION – Tenaris Sa – slide 8
    But US OCTG inventories will have to be worked down Months of supply Market share % 14 50% 45% 12 40% 10 35% 30% 8 25% 6 20% 4 15% 10% 2 5% - 0% 2004 2005 2006 2007 2008 1H09 Inventory levels - months of supply…
  9. SEPTEMBER 2009 INVESTOR PRESENTATION – Tenaris Sa – slide 9
    The crisis on our results Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Sales volume (metric tons) Tubes-Seamless 686 771 669 692 579 497 Tubes-Welded 282 270 263 242 110 65 Tubes-Total 968 1,041 932 934 689 562 Projects-Welded 132…
  10. SEPTEMBER 2009 INVESTOR PRESENTATION – Tenaris Sa – slide 10
    Margins per ton of our Tubes segment Prices and costs per metric ton of our Tubes segment US per metric ton 4,000 3,000 2,000 1,000 0 1Q03 2Q03 3Q03 4Q03 1Q04 2Q04 3Q04 4Q04 1Q05 2Q05 3Q05…
  11. SEPTEMBER 2009 INVESTOR PRESENTATION – Tenaris Sa – slide 11
    Competitive position: looking beyond the crisis Financial position Financial strength: low net debt, good US million cash flow and higher margins than 4,000 1.0 competitors 0.8 3,000 0.6 Unique global positioning: local 2,000 0.4…
  12. SEPTEMBER 2009 INVESTOR PRESENTATION – Tenaris Sa – slide 12
    London Investor Presentation Tenaris September 7, 2009 13

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