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…
Leader in OCTG sector World seamless OCTG production Market cap of quoted sector 2003 market share players (1) Tenaris China 5,382 19% 5,000 22 % Others 4,000 1% Other West Europe 3,000 3% Japan USA 2,000 8% 12 %…
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…
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…
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…
Consistently profitable operations Millions of 2001 2002 2003 9M03 9M04 US Net Sales 3,174 3,219 3,180 2,418 2,863 Seamless 2,496 2,244 2,376 1,783 2,266 Welded 433 580 351 300 270 Energy 113 210 333 234 277 Others 132 185…
Strong financial position Indebtedness (Million US) Firm Value (Million US) US6,158 As of September 30, 2004 Net Debt 776 Cash & Cash Equivalents (1) 427 Market Cap (3) Financial Debt (2) 1,203 5,382 Net Debt 776 Net…
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…
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…
Rig counts Rigs Us/bbl Rig us/bb (1) 2,500 s l 60 RIG COUNT: IIIQ03 IIIQ04 USA: 1088 1229 50 2,000 Canada: 383 326 (2) 40 Latin America: 253 292 1,500 Other Intl.: 529 555 30 TOTAL: 2253 2401 1,000 20 (1) Average Quarterly…
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 13.0% 109.9 10.2% Worldwide 132.3 148.4 6.6% 159.5…
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…
Strategic raw material costs US/ton Jul. 03 Dec. 03 Jun. 04 Sep. 04 Oct. 04 Europe Scrap 141 194 207 272 326 Pig iron 168 200 285 340 370 North America Scrap 136 172 148 207 261 Pig iron 165 200 270 350 350 HBI 150 195…
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…
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