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OCTOBER 2004 INVESTOR PRESENTATION – Tenaris Sa

Tenaris Sa · Oct 11, 2004 · 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 2004 INVESTOR PRESENTATION – Tenaris Sa – slide 1
    Investor presentation October, 2004
  2. OCTOBER 2004 INVESTOR PRESENTATION – Tenaris Sa – slide 2
    A key player in the global energy industry Revenues by segment (2003) Leading global supplier of seamless pipes Energy Other 4% to the oil and gas industry with manufacturing 10 % operations worldwide Welded 11 % Leading…
  3. OCTOBER 2004 INVESTOR PRESENTATION – Tenaris Sa – slide 3
    Leader in OCTG sector World seamless OCTG production Market cap of quoted sector 2003 market share players (1) Tenaris China 19% 5,000 22 % 5,076 Others 4,000 1% Other West Europe 3,000 3% Japan USA 2,000 8% 12 %…
  4. OCTOBER 2004 INVESTOR PRESENTATION – Tenaris Sa – slide 4
    Solid industrial platform Integrated, fully invested network of 3 steel mills, 12 rolling mills and 13 heat treatment facilities producing pipes in 8 countries Annual capacity of 3.3 million tons of seamless and 850,000 tons of…
  5. OCTOBER 2004 INVESTOR PRESENTATION – Tenaris Sa – slide 5
    Positioned to serve the growing needs of demanding markets Stavanger Aberdeen Moscow Rugby Calgary London Mannheim AlgomaTubes Paris Atyrau Dalmine Silcotub Baku Beijing NKKTubes Houston Seoul Cairo Tamsa Dubai…
  6. OCTOBER 2004 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. OCTOBER 2004 INVESTOR PRESENTATION – Tenaris Sa – slide 7
    Consistently profitable operations 2001 2002 2003 1H03 1H04 Million US Net Sales 3,174 3,219 3,180 1,658 1,856 Seamless 2,496 2,244 2,376 1,203 1,472 Welded 433 580 351 216 156 Energy 113 210 333 154 197 Others 132 185 120…
  8. OCTOBER 2004 INVESTOR PRESENTATION – Tenaris Sa – slide 8
    Strong financial position Indebtedness (Million US) Firm Value (Million US) US5,776 As of June 30, 2004 Net Debt 700 Cash & Cash Equivalents (1) 408 Financial Debt (2) 1,108 Market Cap (3) 5,076 Net Debt 700 Net Debt/EBITDA…
  9. OCTOBER 2004 INVESTOR PRESENTATION – Tenaris Sa – slide 9
    Prepared to take advantage of an energy-demanding world Global acquisitions and alliances Cost-competitive industrial structure Advanced product development Adding value in the supply chain Financial strength Investor…
  10. OCTOBER 2004 INVESTOR PRESENTATION – Tenaris Sa – slide 10
    Investor presentation Tenaris October, 2004 11
  11. OCTOBER 2004 INVESTOR PRESENTATION – Tenaris Sa – slide 11
    Appendix Investor presentation Tenaris October, 2004 12
  12. OCTOBER 2004 INVESTOR PRESENTATION – Tenaris Sa – slide 12
    World oil demand mmb/d Rig us/bb s l 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. OCTOBER 2004 INVESTOR PRESENTATION – Tenaris Sa – slide 13
    Rig counts Rigs Us/bbl Rig us/bb (1) 2,500 s l 50 RIG COUNT: IIQ03 IIQ04 45 USA: 1028 1164 2,000 40 Canada: 203 202 35 (2) Latin America: 240 290 1,500 30 25 Other Intl.: 524 547 1,000 20 TOTAL: 1996 2203 15 (1) Average…
  14. OCTOBER 2004 INVESTOR PRESENTATION – Tenaris Sa – slide 14
    E&P spending forecast 2002 A 2003 A 2004 E (Billion US) VS. 02 VS. 03 USA 32.0 32.9 2.8% 34.4 4.6% Canada 12.1 15.8 30.5% 15.1 -4.0% Outside USA/Canada 88.2 99.7 13% 109.9 10.2% Worldwide 132.3 148.4 6.6% 159.5…
  15. OCTOBER 2004 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. OCTOBER 2004 INVESTOR PRESENTATION – Tenaris Sa – slide 16
    Strategic raw material costs July December June July Us/ton 2003 2003 2004 2004 Europe Scrap 141 194 207 261 Pig Iron 168 200 285 330 North America Scrap 136 172 148 197 Pig Iron 165 200 270 318 HBI 150 195 260 300 Fe…
  17. OCTOBER 2004 INVESTOR PRESENTATION – Tenaris Sa – slide 17
    Recent acquisitions 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. OCTOBER 2004 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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