Disclaimer. This presentation contains forward-looking statements. Forward- looking statements are based on managements current views and assumptions and involve known and unknown risks that could cause actual results, performance or…
Tenaris: 50 years of industrial enterprise 1950s Founding of Tamsa and Siderca 1967 Listing of Tamsa (first Mexican ADR) in AMEX 1980s Capacity expansion for exports 1993 Start of acquisitions 2001 Listing of Siderca on the…
Expansion over the last 15 years Annual production capacity (thousand tons) Seamless operations Welded operations 3,125 Siderca - Argentina Siat - Argentina 250 Confab - Brazil Tamsa - Mexico Dalmine - Italy 2,615 260 Tavsa -…
Today: a leading global player in steel pipes and services Eight steel pipe mills strategically located around the world with a combined production capacity of 3.125 million tons of seamless and 850,000 tons of welded steel tubes…
Global reach with local presence Stavanger z Aberdeen z z Moscow z Calgary AlgomaTubes Rugby zz London z Mannheim Parisz Dalmine z Atyrau z Baku Beijing z NKKTubes z z Houston z Seoul Cairo Tamsa z Dubai Caracas z Tavsa…
Leading market share OCTG seamless world trade Other statistics market Other 12% of world production West capacity of seamless products Europe USA 9% 4% Tenaris 19% of world production of 30% seamless OCTGs East Europe &…
Solid relationships with premier names in Oil & Gas sector 8
With a global manufacturing profile Seamless operations Tenariss total capacity breakdown 2 Capacity Seamless + Welded Acquisition date 1 Company Country (000 tons) Siderca Argentina 820 Argentina 29% Jun-93 Tamsa Mexico 780…
...a well-balanced portfolio Tenaris volume breakdown Tenaris net sales breakdown Far East 2003 In thousand of tons 2002 2003 South & Oceania America Seamless Pipes 2,283 2,278 10% 24% Middle South America 324 322 East and North…
. . . solid financial results 2001 2002 2003 (*) US millions % Net sales 3,174 100% 3,219 100% 3,180 100% Operating income 442 14% 472 15% 288 9% EBITDA (1) 603 19% 648 20% 488 15% Net income(2) 136 4% 194 6% 210 7% (*)…
a strong balance sheet Current debt situation (US million) Capitalization (assets of US 4.4 bn under IAS 1) As of March 31, 2004 4,093 Cash & equivalents 221 Net debt 698 Financial debt 919 Net debt 698 Net debt/equity…
...and competitive strengths Global production, commercial and distribution capabilities Ability to provide value-added services worldwide Ability to design and manufacture technogically advanced products Solid and diversified…
Transforming into a service and technology company Tubular technologies, Innovative services Supply chain services: Extensive use of IT: Just-in-time installed column (JIC) TenarisTracking Advanced product development: New premium…
Trading volumes in the four markets Millions of dollars traded per month Volumes traded in the four markets (% of total) 1 155 145 135 125 Italy 115 7% 105 NYSE 95 75% 85 75 Argentina 14% 65 55 45 Dec 02 Jan 03…
Sidor and BHP Sidor debt Sidors and Amazonias aggregate debt reduced from restructuring US1.9 to US0.8 billion Tenaris invests additional US32.9 millions Guarantees released Amazonias stake reduced to 60% Tenaris receives US10.5…
Strategic alliances Sandvik Tenaris becomes exclusive distributor for Sandviks stainless and specialty steel OCTG thus completing product range Socotherm Joint marketing of pipe coating services Joint ownership of assets adjacent…
Strengthening of operations Purchase of Argentine Argentine operations self-sufficient in power power plant Purchase price of US23 million 160 MW Advance purchase of 760 million cubic meters over five years natural gas US15.3…
Some conclusions A global company (assets, revenues, customers & operations) Serving the global energy industry Leader in its industry sub-sector (seamless OCTG) Management focused on long-term sustainable growth Consolidating…
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