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CHEUVREUX OIL SERVICES CONFERENCE – Tenaris Sa

Tenaris Sa · Dec 10, 2008 · 15 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. CHEUVREUX OIL SERVICES CONFERENCE – Tenaris Sa – slide 1
    Cheuvreux Oil Services Conference Giovanni Sardagna IR Director December 2008
  2. CHEUVREUX OIL SERVICES CONFERENCE – Tenaris Sa – slide 2
    Oil prices strongly corrected but rig count yet to be affected Rig count WTI US/bbl 6,000 80 70 5,000 60 4,000 50 3,000 40 30 2,000 20 1,000 10 0 0 1975 1977 1979 1981 1983 1985 1987 1989 1991 1993 1995 1997 1999 2001…
  3. CHEUVREUX OIL SERVICES CONFERENCE – Tenaris Sa – slide 3
    Supply is constrained but what will happen to demand Million bbl/d 100 50% 45% 90 40% 80 35% 70 30% 60 25% 20% 50 15% 40 10% 30 5% 20 0% 1974 1979 1984 1989 1994 1999 2004 2009E Spare capacity World oil…
  4. CHEUVREUX OIL SERVICES CONFERENCE – Tenaris Sa – slide 4
    Supply side constraints will remain World oil Access to worlds demand and production proven oil reserves Million bbl/d Oil reserves held by 120 new Russian companies 2015 6% 100 94 Mill NOC oil reserves with 2007 equity access 85…
  5. CHEUVREUX OIL SERVICES CONFERENCE – Tenaris Sa – slide 5
    Relative positioning in the USA and Canada USA and Canada 13 industrial Depletion in the USA (2002=100) facilities, 4,500 employees; 27% of our total revenues (9M 2008) 220 80% of USA OCTG sales are to 180 alliance and program…
  6. CHEUVREUX OIL SERVICES CONFERENCE – Tenaris Sa – slide 6
    Relative positioning in the rest of the world Long term agreements with majors Tenaris OCTG sales volumes to NOCs ex USA and Canada JIT and key customer relationships with Latin American NOCs concerned about energy security Key…
  7. CHEUVREUX OIL SERVICES CONFERENCE – Tenaris Sa – slide 7
    Relative positioning: Costs and financial position FX rates (Jan 08 = 100) Flexible industrial system using 130 electric arc furnaces production 120 route 110 100 Ability to adjust production first in higher cost facilities…
  8. CHEUVREUX OIL SERVICES CONFERENCE – Tenaris Sa – slide 8
    Products and services for a complete range of applications TenarisHydril premium connections cover full range of applications with leading technology Combination of premium, seamless, welded and coiled tubing unique in our sector…
  9. CHEUVREUX OIL SERVICES CONFERENCE – Tenaris Sa – slide 9
    Raw material cost environment Correction after sharp increase in 2008 H1 (Jan 2006 = 100) 450 400 350 300 250 200 150 100 50 0 Jan-06 Apr-06 Jul-06 Oct-06 Jan-07 Apr-07 Jul-07 Oct-07 Jan-08 Apr-08 Jul-08…
  10. CHEUVREUX OIL SERVICES CONFERENCE – Tenaris Sa – slide 10
    Margins per ton of our Tubes segment Prices and costs per metric ton of our Tubes segment US per metric ton 4,000 3,000 2,000 1,000 0 1Q03 2Q03 3Q03 4Q03 1Q04 2Q04 3Q04 4Q04 1Q05 2Q05 3Q05 4Q05 1Q06…
  11. CHEUVREUX OIL SERVICES CONFERENCE – Tenaris Sa – slide 11
    Regions show different market dynamics US million 9M06 9M07 9M08 North America 1,222 2,166 3,100 South America 716 898 971 Europe 951 1,200 1,337 Middle East & Africa 1,282 1,599 1,385 Far East & Oceania 523 537 533 Total tubes…
  12. CHEUVREUX OIL SERVICES CONFERENCE – Tenaris Sa – slide 12
    Strong operating results Millions of US 2005 2006 2007 9M08 (except ratios and per ADS amounts) Net sales 6,210 7,728 10,042 8,893 Tubes 5,128 6,827 8,553 7,326 Projects 790 454 876 959 Others 292 447 613 608 Operating income 1,946…
  13. CHEUVREUX OIL SERVICES CONFERENCE – Tenaris Sa – slide 13
    Preparing for the next cycle New small diameter rolling mill in Mexico with an annual production capacity of 450,000 tons of pipes fully integrated with iron and steel making and finishing facilities Continue with our CAPEX…
  14. CHEUVREUX OIL SERVICES CONFERENCE – Tenaris Sa – slide 14
    Summary We continue to strengthen our unique position in the industry Our financial strength and engineering capabilities enable us to undertake an expansion program of organic growth Human resource base strengthened through…
  15. CHEUVREUX OIL SERVICES CONFERENCE – Tenaris Sa – slide 15
    Cheuvreux Oil Services Conference Tenaris December 2008 16

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