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SEPTEMBER 2014 INVESTOR PRESENTATION – Tenaris Sa

Tenaris Sa · Sep 10, 2014 · 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. SEPTEMBER 2014 INVESTOR PRESENTATION – Tenaris Sa – slide 1
    Investor Presentation
  2. SEPTEMBER 2014 INVESTOR PRESENTATION – Tenaris Sa – slide 2
    Market environment Oil prices Gas prices Crude Oil approx Heat Content per Barrel: 5.8 MMbtu Source: Bloomberg / World Gas Intelligence Investor presentation Tenaris September 2014 3
  3. SEPTEMBER 2014 INVESTOR PRESENTATION – Tenaris Sa – slide 3
    Market environment Rig count US drilling efficiencies Yearly average Quarterly average 3,641 3,436 3,447 3,405 3,456 3,326 3,399 3,219 525 199 1.30 [Wells/rig, 2,963 419 364 350 379 1.24 353 152 Index Q1'12] 1.20 348 1.11…
  4. SEPTEMBER 2014 INVESTOR PRESENTATION – Tenaris Sa – slide 4
    OCTG demand OCTG demand evolution Premium OCTG consumption by application (2013) [Mill Tn] PRM Semi-PRM 17,1 17,0 16,6 Deep API 15,2 3,1 3,3 3,4 water 13,4 2,7 Others 16% 0,3 0,7 0,9 0,1 Oil 2,4 26% Shallow water 12,4…
  5. SEPTEMBER 2014 INVESTOR PRESENTATION – Tenaris Sa – slide 5
    OCTG demand [Mill Tn] Shales 17,1 17,0 16,6 Others 15,2 13,4 4,1 4,3 4,7 2,8 1,6 11,8 12,4 12,5 12,8 12,3 2010 2011 2012 2013 2014F Investor presentation Tenaris September 2014 6
  6. SEPTEMBER 2014 INVESTOR PRESENTATION – Tenaris Sa – slide 6
    Shipments by product type 180% 100% 104% 100% 83% 2010 2011 2012 2013 PRM API & Semi-PRM SLP INDUSTRIAL Investor presentation Tenaris September 2014 7
  7. SEPTEMBER 2014 INVESTOR PRESENTATION – Tenaris Sa – slide 7
    Key markets in transition Today Mid-term USA & Canada Infrastructure constraints Expected relief from recently Unfairly traded imports introduced duties in the USA Shale gas Thermal Mexico Chicontepec Energy & fiscal reform…
  8. SEPTEMBER 2014 INVESTOR PRESENTATION – Tenaris Sa – slide 8
    USA OCTG trade case USA OCTG imports Positive final determination from the ITC on August 22nd regarding the OCTG trade 3,5 3,3 0,2 2,9 case filed in July 2013. 3,0 2,6 0,1 2,5 0,1 2,2 1,5 Of the nine countries in the case, six…
  9. SEPTEMBER 2014 INVESTOR PRESENTATION – Tenaris Sa – slide 9
    Bay City Investor presentation Tenaris September 2014 10
  10. SEPTEMBER 2014 INVESTOR PRESENTATION – Tenaris Sa – slide 10
    Bay City: strategic location Hickman Fayetteville Woodford Barnett Permian Haynesville Tuscaloosa Marine Houston Conroe / McCarty Westwego 500 mile radius Freeport Bay City 350 mile Mexico Eagle Ford radius…
  11. SEPTEMBER 2014 INVESTOR PRESENTATION – Tenaris Sa – slide 11
    Key markets showing strong growth Middle East OCTG consumption Deepwater OCTG consumption [Th Tn] [Th Tn] 1.400 50% 600 50% 1.200 43% PJ Gas 500 1.000 40% 400 800 30% 300 600 Oil 20% 200 400 10% 100 200 0 0% 0 2011…
  12. SEPTEMBER 2014 INVESTOR PRESENTATION – Tenaris Sa – slide 12
    Premium connections portfolio New products for more complex drilling requirements TSH Wedge 623 TSH Blue Riser Deepwater TSH Wedge 623 (GOM) TSH Blue Riser (GOM) HP/HT Blue Max (North Sea) Blue Heavy Wall (Angola) TSH Blue…
  13. SEPTEMBER 2014 INVESTOR PRESENTATION – Tenaris Sa – slide 13
    Global industrial system and supply chain Investor presentation Tenaris September 2014 14
  14. SEPTEMBER 2014 INVESTOR PRESENTATION – Tenaris Sa – slide 14
    Financial performance Free cash flow and EBITDA margin LTM FCF US million SLB 8.000 7.000 6.000 5.000 4.000 3.000 HAL TS 2.000 BHI 1.000 - LTM EBITDA % -1.000 0% 5% 10% 15% 20% 25% 30% 35% WFT -2.000 LTM= last…
  15. SEPTEMBER 2014 INVESTOR PRESENTATION – Tenaris Sa – slide 15
    Financial performance Free cash flow and EBITDA margin LTM FCF US million 3.000 2.500 TS 2.000 1.500 1.000 TMK 500 LTM - EBITDA % 0% 5% 10% 15% 20% 25% 30% 35% -500 VK LTM= last twelve months Free cash flow =…
  16. SEPTEMBER 2014 INVESTOR PRESENTATION – Tenaris Sa – slide 16
    Operating and financial results M illions of US (except ratios and per ADS amounts) 2009 2010 2011 2012 2013 IH 2014 Net Sales 8.149 7.712 9.972 10.834 10.594 5.241 Operating income 1.734 1.519 1.844 2.357 2.185 1.115 EBITDA…
  17. SEPTEMBER 2014 INVESTOR PRESENTATION – Tenaris Sa – slide 17
    Strategic agenda Expansion in North America: new industrial and logistics center in USA Strengthen our leading position in Latin America: Mexico, Colombia, Brazil, Argentina Leverage technical leadership and global capabilities…
  18. SEPTEMBER 2014 INVESTOR PRESENTATION – Tenaris Sa – slide 18
    Investor presentation Tenaris September 2014 19

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