Paolo Rocca Chairman and Chief Executive Officer Milan September 17, 2007
Global industrial system serving the energy industry Annual manufacturing capacity of Net Sales 1H07 six million tons of steel pipes - 3.4 million tons of seamless pipes Far East & Oceania - 1.9 million tons of welded pipes 8% -…
With unmatched global footprint Paolo Rocca Tenaris September, 2007 4
Positioned for growth Building a leading market position in Worldwide OCTG consumption USA and Canada by region - 2006 RoW Leading market position with full Latin 10% range of products in Latin America America 5% (ex-Brazil)…
Integrating a solid platform in USA and Canada Full range of products (seamless, welded, premium connections, coiled tubing) with related services Approx. 20% OCTG market share in USA and Canada combined Industrial focus on…
Changing the OCTG premium connection landscape TenarisHydril: a unique combination to meet the needs of ever more demanding drilling environments Worldwide Premium Connections Share Coupled joints Integral joints Others 14%…
Developing advanced deepwater line pipe technologies Steel Catenary Riser Top Tension Riser Bends Upset SCR TDZ Flowlines Paolo Rocca Tenaris September, 2007 8
Managing the supply chain from the mill to the well String design Inventory and pipe management Just-in-time delivery to the rig Accessories procurement Tubular running assistance Paolo Rocca Tenaris September, 2007 9
Participating in the worlds most demanding projects Snohvit Skarv Ormen Lange Gjoa Narianmar Novatek Long Lake Surmont Orenburg Primoria Astrakhan Karachaganak Tengiz Kashagan ACG In Salah Ourhoud In Amenas Puguang…
Investing in human resources to enable future growth Employees by country 2006 370 graduates entered Global Others Trainee program in 2006, including Japan 4% 3% 250 engineers Brazil 11% Argentina 28% TenarisUniversity…
Oil and gas: demand growing and reserves not being replaced Global demand for oil and gas continues to grow but discovery of new reserves is falling further and further behind 60 50 40 30 20 10 0 1930 1940…
Depletion leading to higher OCTG and line pipe consumption Depletion rates increase in mature fields in North America and elsewhere North America production China Production Oil & Gas Oil (Index 100=2002) (Index 100=2002) 250…
Drilling activity in long-term uptrend Rig count international Rig count North America Rigs Rigs 1,200 2,500 1,000 2,000 800 1,500 600 1,000 400 500 200 0 0 1999 2000 2001 2002 2003 2004 2005 2006 1H07 1999…
and drilling complexity is increasing US wells drilled over 15000 Deepwater 1700 1500 Deep directional 1300 1100 Sour gas 900 700 500 Thermal 2000 2001 2002 2003 2004 2005 2006 2007E Expansion of horizontal and…
Expansion of offshore drilling fleet Rigs by region 129 new rigs are scheduled to be (June 2007) delivered between 2007 and 2010 RoW 17% new-build scheduled delivery 60 USA 28% 50 4 Brazil 4% 12 40 6 Mexico 30 6% 20 20…
Growth in operating results Millions of US 2004 2005 2006 1H2007 Net sales 3,718 6,210 7,728 5,030 Tubes 3,273 5,124 6,824 4,337 Projects 280 790 454 325 Pressure control 49 Others 165 296 450 318 Operating profit 806 1,946 2,792…
Summary Strengthening position as leading supplier of tubular products and services to the global energy industry Building a solid platform in North America Well positioned to benefit from increased drilling activity and well…
Paolo Rocca Tenaris September, 2007 19
Complex drilling requires high-end 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 1800 m…
Share liquidity and distribution Average daily trading Free float shares by market Millions of US June 2007 280 Buenos New York 240 Aires 16% 53% 200 160 120 80 Milan 40 29% 0 2004 2005 2006 1H2007 Mexico…
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