Global industrial system serving the energy industry Annual manufacturing capacity of Net Sales 9M07 six million tons of steel pipes Far East & - 3.4 million tons of seamless pipes Oceania 8% South America - 1.9 million tons of…
With unmatched global footprint Investor presentation Tenaris November 2007 4
Positioned for growth Building a leading market position Worldwide OCTG consumption in USA and Canada by region - 2006 RoW Leading market position with full 10% range of products in Latin America Latin America 5% (ex-Brazil)…
Integrating a solid platform in USA and Canada Full range of products (seamless, welded, premium connections, coiled tubing) with related services Approx. 20% OCTG market share in USA and Canada combined Industrial focus on…
Changing the OCTG premium connection landscape TenarisHydril: a unique combination to meet the needs of ever more demanding drilling environments Worldwide Premium Connections Share Coupled joints Integral joints Others 14%…
Developing advanced deepwater line pipe technologies Steel Catenary Riser Top Tension Riser Bends Upset SCR TDZ Flowlines Investor presentation Tenaris November 2007 8
Managing the supply chain from the mill to the well String design Inventory and pipe management Just-in-time delivery to the rig Accessories procurement Tubular running assistance Investor presentation Tenaris…
Participating in the worlds most demanding projects Snohvit Skarv Ormen Lange Gjoa Narianmar Novatek Long Lake Surmont Orenburg Primoria Astrakhan Karachaganak Tengiz Kashagan ACG In Salah Ourhoud In Amenas Puguang…
Investing in human resources to enable future growth 370 graduates entered Global Employees by country Trainee program in 2006, including 2006 250 engineers Others Japan 6% USA 3% 16% Canada TenarisUniversity established to 5%…
Oil and gas: demand growing and reserves not being replaced Global demand for oil and gas continues to grow but discovery of new reserves is falling further and further behind 60 50 40 30 20 10 0 1930 1940…
Depletion leading to higher OCTG and line pipe consumption Depletion rates increase in mature fields in North America and elsewhere North America production China Production Oil & Gas Oil (Index 100=2002) (Index 100=2002) 250…
Drilling activity in long-term uptrend Rig Count International Rig Count North America 1,100 2,200 1,000 2,000 900 1,800 800 1,600 700 1,400 600 1,200 500 1,000 400 800 300 600 200 400 100 200 0 0 1999 2000…
and drilling complexity is increasing US wells drilled over 15000 Deepwater 1700 1500 Deep directional 1300 1100 Sour gas 900 700 Thermal 500 2000 2001 2002 2003 2004 2005 2006 2007E Expansion of horizontal and…
Expansion of offshore drilling fleet Rigs by region 129 new rigs are scheduled to be (June 2007) delivered between 2007 and 2010 RoW 17% new-build scheduled delivery USA 60 28% 50 4 Brazil 4% 12 40 6 Mexico 30 6% 20 20…
Growth in operating results Millions of US 2004 2005 2006 9M 2007 Net sales 3,718 6,210 7,728 7,553 Tubes 3,273 5,124 6,824 6,400 Projects 280 790 454 561 Pressure control 139 Others 165 296 450 454 Operating profit 806 1,946…
Technical data Fixed assets Dec. 2006 Average daily trading 9M2007 Far East & Buenos Aires Oceania 1% 3% New York 36% Europe 27% Milan North 63% America 41% South America 29% Investor presentation Tenaris…
Summary Strengthening position as leading supplier of tubular products and services to the global energy industry Building a solid platform in North America Well positioned to benefit from increased drilling activity and well…
Investor presentation Tenaris November 2007 20
Complex drilling requires high-end products Land Land Offsh. Shallow Water Offshore Deep Water Shallow Well Directional Deep Well Directional Deep Well Deep Well 30 50 m 9 5/8 300 m 20 800 m 18 5/8 850 m 13 5/8 1800 m…
Share liquidity and distribution Average daily trading Free float shares by market Millions of US September 2007 280 Buenos Aires, 15% 240 New York, 61% 200 160 Milan, 22% 120 80 40 Mexico, 2% 0 2004 2005…
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