Investor Day - 2007 Paolo Rocca Chairman and CEO March 8, 2007
Company focused on energy Net sales 2003 Q4 Net sales 2006 Q4 Tubes Industrial Tubes Industrial 9% Others Industrial 16% 6% Others Industrial Others Energy 4% 1% Others Energy Projects Energy 1% 7% Projects Energy 5%…
Expanding in North America Net sales 2003 Q4 Net sales 2006 Q4 Far East & Oceania Far East & Oceania 6% 11% North America Middle East & Africa 30% North America Middle East & Africa 12% 36% 25% Europe 23% Europe South…
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…
Drilling activity is at a 20 year high Rig count international Rig count North America Rigs Rigs 1,000 2,500 900 800 2,000 700 600 1,500 500 400 1,000 300 200 500 100 0 0 1999 2000 2001 2002 2003 2004 2005 2006…
Depletion leading to higher OCTG and line pipe consumption Depletion rates increase in mature fields in North America and elsewhere North America production Oil & Gas China Production Oil (Index 100=2002) (Index 100=2002) 250…
Increasing well complexity requires specialized high-end products Expansion of horizontal and deviated Expansion of global offshore wells in USA drilling fleet 100% 1,200 90% 80% 1,000 +14% 70% 800 60% 50% 600 40% 30% 400…
Increasing focus on high-end products Th metric tons 4,500 4,000 3,500 In 2006 Q4 high-end exceeds 3,000 40% of seamless volume 2,500 Investing to increase high-end 2,000 capacity 1,500 1,000 With Hydril high-end will…
Participating in the worlds complex projects Snohvit Skarv Ormen Lange Gjoa Narianmar Novatek Long Lake Surmont Orenburg Primoria Astrakhan Karachaganak Tengiz Kashagan ACG In Salah Ourhoud In Amenas Puguang…
Building a leading position in the worlds largest market Worldwide OCTG consumption Around 20% market share in North by region - 2006 America (USA and Canada) OCTG RoW Latin 10% Products covering full range of drilling America1…
With Hydril, leader in premium connection technology Worldwide Premium Coupled joints Integral joints Connections Share Others 14% Tenaris 21% JFE 5% Grant 8% Hydril 16% VAM (Sumitomo) 14% VAM 22% TenarisBlue…
Human resources enable future growth Employees by country 370 graduates entered Global Trainee 2006 program in 2006, including 250 engineers Japan Others 3% 4% Brazil TenarisUniversity established to oversee Argentina 11%…
Growth in operating results Millions of US 2004 2005 2006 Q4 2006 Net Sales 3,718 6,210 7,728 2,461 Tubes 3,273 5,124 6,824 2,132 Projects 280 790 454 172 Others 165 296 450 156 EBITDA 1 1,014 2,160 3,047 902 EBITDA margin 27%…
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…
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