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NOVEMBER 2006 INVESTOR PRESENTATION – Tenaris Sa

Tenaris Sa · Nov 10, 2006 · 19 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. NOVEMBER 2006 INVESTOR PRESENTATION – Tenaris Sa – slide 1
    Investor Presentation November 2006
  2. NOVEMBER 2006 INVESTOR PRESENTATION – Tenaris Sa – slide 2
    A key player in the global energy industry Leading global manufacturer of tubular products and services used US Billion US Million in the drilling and production of oil 80 6,000 and gas, for process and power plant and specialized…
  3. NOVEMBER 2006 INVESTOR PRESENTATION – Tenaris Sa – slide 3
    Global operations Investor Presentation Tenaris November 2006 4
  4. NOVEMBER 2006 INVESTOR PRESENTATION – Tenaris Sa – slide 4
    Integrated business model Focus on sales of high value products direct to end-user customer base Global industrial system producing comprehensive range of products to a single quality standard Global R&D network Global…
  5. NOVEMBER 2006 INVESTOR PRESENTATION – Tenaris Sa – slide 5
    Leading market position Worldwide OCTG Market (2005) 11 million tons Maverick 7% Tenaris Welded 30% 14% Seamless 70% Investor Presentation Tenaris November 2006 6
  6. NOVEMBER 2006 INVESTOR PRESENTATION – Tenaris Sa – slide 6
    Serving the entire industry OCTG customers Our main customers include: 9M 2006 IOC s Aramco 21% Chevron ConocoPhillips ENI-AGIP NOC s PDVSA 47% Pemex Petrobras INDs Repsol-YPF 32% Schlumberger Shell Total Investor…
  7. NOVEMBER 2006 INVESTOR PRESENTATION – Tenaris Sa – slide 7
    Demand for OCTG depends on oil and gas drilling activity Sustained growth in global demand for oil and gas Supply constraints led by accelerating depletion of mature fields, lack of discoveries of substantial new reserves and…
  8. NOVEMBER 2006 INVESTOR PRESENTATION – Tenaris Sa – slide 8
    Rig count evolution Investor Presentation Tenaris November 2006 9
  9. NOVEMBER 2006 INVESTOR PRESENTATION – Tenaris Sa – slide 9
    Rising reserve depletion leads to higher OCTG consumption USA onshore all basins Oil Gas 200 200 180 180 160 160 140 140 120 120 100 100 80 80 60 60 2000 2001 2002 2003 2004 2005 2000 2001 2002 2003 2004 2005 Wells SMLS…
  10. NOVEMBER 2006 INVESTOR PRESENTATION – Tenaris Sa – slide 10
    Reserve development to be in complex operating environments Production trend towards non-conventional sources 2003 Oil & Gas production 2010 Oil & Gas production Acid Sour 0% LNG Tight Gas Arctic 6% Tight Gas Acid Sour 3% 4% 0%…
  11. NOVEMBER 2006 INVESTOR PRESENTATION – Tenaris Sa – slide 11
    Well complexity drives demand for premium 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…
  12. NOVEMBER 2006 INVESTOR PRESENTATION – Tenaris Sa – slide 12
    Consolidating market position and investing for growth R&D expenditures Mill. of US 40 US350 million investment program to increase high-end seamless capacity 30 20 Customer take-up of TenarisBlue connections increasing 10…
  13. NOVEMBER 2006 INVESTOR PRESENTATION – Tenaris Sa – slide 13
    Acquisition of Maverick Complementary market position Gain substantial access to United States and leading position in North American market commensurate with our global position Product offering in North America will cover a wide…
  14. NOVEMBER 2006 INVESTOR PRESENTATION – Tenaris Sa – slide 14
    Drilling activity in USA and Canada growing But oil and gas production is declining Mill. Tonnes oil Rig count equivalent 2,200 3 1,200 2,000 1,100 40 374 1,800 1,000 50 338 900 1,600 46 52 800 1,400 264 67 45 309 700 1,200…
  15. NOVEMBER 2006 INVESTOR PRESENTATION – Tenaris Sa – slide 15
    OCTG market in USA & Canada Market share 2006 Jan-Aug Mill. of tons % Others 6.0 50% 21% 45% Ipsco + NS 5.0 20% 40% 35% 4.0 2.6 30% 2.3 3.0 25% China 13% Tenaris + 2.1 20% Maverick 2.0 19% 15% 2.5 10% 1.0 2.0…
  16. NOVEMBER 2006 INVESTOR PRESENTATION – Tenaris Sa – slide 16
    Operating results Millions of US 2003 2004 2005 9M 2006 Net Sales 3,180 4,136 6,736 5,668 Seamless 2,376 3,273 5,124 4,657 Welded 351 348 845 363 Energy 333 418 526 404 Others 120 97 241 244 1 EBITDA 602 899 2,163 2,156…
  17. NOVEMBER 2006 INVESTOR PRESENTATION – Tenaris Sa – slide 17
    Liquidity of shares has increased Average daily trading Free float shares by market Millions of US September 2006 200 Buenos Aires 160 16% New York 120 55% 80 40 Milan 27% 0 2003 2004 2005 9M06 Mexico 2% New York…
  18. NOVEMBER 2006 INVESTOR PRESENTATION – Tenaris Sa – slide 18
    Summary A leading global player in the oilfield services and equipment sector Well positioned to benefit from increased drilling activity and well complexity Integrated business model and leading market position Strong…
  19. NOVEMBER 2006 INVESTOR PRESENTATION – Tenaris Sa – slide 19
    Investor Presentation Tenaris November 2006 20

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