Lehman CEO Energy/Power Conference Paolo Rocca Chairman and CEO September 9, 2004
A key player in the global energy industry Revenues by segment (2003) Leading global supplier of seamless pipes Other Energy 4% to the oil and gas industry with manufacturing 10 % operations worldwide Welded 11 % Leading…
Leader in OCTG sector World seamless OCTG production Market cap of quoted 2003 market share sector players (1) US Tenaris Millions China 19% 22 % 4,716 Others 4,000 1% Other West Europe 3,000 3% Japan USA 8% 12 % 2,000…
Solid industrial platform Integrated, fully invested network of 3 steel mills, 12 rolling mills and 13 heat treatment facilities producing pipes in 8 countries Annual capacity of 3.3 million tons of seamless and 850,000 tons of…
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…
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…
Consistently profitable operations Million 2001 2002 2003 1H03 1H04 US Net Sales 3,174 3,219 3,180 1,658 1,856 Seamless 2,496 2,244 2,376 1,203 1,472 Welded 433 580 351 216 156 Energy 113 210 333 154 197 Others 132 185 120…
Strong financial position Indebtedness (Million US) Firm Value (Million US) US5,416 As of June 30, 2004 Net Debt 700 Cash & Cash Equivalents (1) 408 Financial Debt (2) 1,108 Market Cap (3) 4,716 Net Debt 700 Net Debt/EBITDA…
Prepared to take advantage of an energy-demanding world Global acquisitions and alliances Cost-competitive industrial structure Advanced product development Adding value in the supply chain Financial strength Lehman CEO…
Lehman CEO Energy/Power Conference Tenaris September 9, 2004 11
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