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FEBRUARY 2005 INVESTOR PRESENTATION – Tenaris Sa

Tenaris Sa · Feb 10, 2005 · 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. FEBRUARY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 1
    Nigel Worsnop IR Director Investor presentation Tenaris February, 2005
  2. FEBRUARY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 2
    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…
  3. FEBRUARY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 3
    Leader in OCTG sector World seamless OCTG production Market cap of quoted sector 2003 market share players (1) 6,000 Tenaris China 19% 22 % 5,000 Others 1% 4,000 Other West Europe 3% 3,000 5,504 Japan USA 8% 12 %…
  4. FEBRUARY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 4
    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…
  5. FEBRUARY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 5
    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…
  6. FEBRUARY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 6
    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…
  7. FEBRUARY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 7
    Consistently profitable operations 2001 2002 2003 9M03 9M04 Millions of 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…
  8. FEBRUARY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 8
    Strong financial position Firm Value (Million US) US6,158 Indebtedness (Million US) 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…
  9. FEBRUARY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 9
    Consolidating long-term growth and industry leadership Global industrial structure based on low-cost operations Economies of scale support investment in R&D and in our unique global commercial network Supply-chain integration…
  10. FEBRUARY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 10
    Investor presentation Tenaris February, 2005 11
  11. FEBRUARY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 11
    Appendix Investor presentation Tenaris February, 2005 12
  12. FEBRUARY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 12
    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…
  13. FEBRUARY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 13
    Rig counts Rigs Us/bbl Rig us/bb 2,500 60 (1) s l RIG COUNT: IVQ03 IVQ04 50 USA: 1109 1249 2,000 Canada: 408 420 40 (2) 1,500 Latin America: 266 306 30 Other Intl.: 525 556 1,000 20 TOTAL: 2308 2531 500 (1) Average…
  14. FEBRUARY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 14
    E&P spending forecast 2003 A 2004 E 2005 E (Billion of US) VS. 03 VS. 04 USA 32.9 38.4 16.7% 41.3 7.5% Canada 15.8 16.9 7.0% 18.7 11.0% Outside USA/Canada 99.7 108.3 8.6% 112.5 3.9% Worldwide 148.4 163.6 10.2% 172.5…
  15. FEBRUARY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 15
    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…
  16. FEBRUARY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 16
    Strategic raw material costs US/ton Jul. 03 Dec. 03 Jun. 04 Sep. 04 Nov. 04 Europe Scrap 141 194 207 272 320 Pig iron 168 200 285 340 355 North America Scrap 136 172 148 207 276 Pig iron 165 200 270 350 364 HBI 150 195 260 320…
  17. FEBRUARY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 17
    Acquisitions during 2004 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…
  18. FEBRUARY 2005 INVESTOR PRESENTATION – Tenaris Sa – slide 18
    Corporate organization Tenaris Manufacturing Services & Investment & Technology Procurement Companies Trading Financial AlgomaTubes Tenaris Global Tenaris Tenaris (Canada) Exiros Services Investments Connections Dalmine…

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