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INVESTOR PRESENTATION – Tenaris Sa

Tenaris Sa · Feb 28, 2014 · 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. INVESTOR PRESENTATION – Tenaris Sa – slide 1
    Investor Presentation
  2. INVESTOR PRESENTATION – Tenaris Sa – slide 2
    Market environment Oil prices Gas prices [/bbl] [/MMbtu] 140 25 120 Brent Spot LNG NE Asia 20 100 WTI 80 15 NBP ICE UK 60 WCS 10 40 5 HH 20 0 0 Jan08 Jul08 Jan09 Jul09 Jan10 Jul10 Jan11 Jul11 Jan12…
  3. INVESTOR PRESENTATION – Tenaris Sa – slide 3
    Market environment Rig count US drilling efficiencies 1,30 [Wells/rig, 1,26 Index Q1'12] 4.000 1,20 3.500 1,13 3.000 1,10 1,04 2.500 1,00 2.000 1.500 0,90 Avg. Shale 1.000 Avg. US Land 0,80 500 Avg. NonShale 0,70 2009…
  4. INVESTOR PRESENTATION – Tenaris Sa – slide 4
    OCTG demand OCTG demand evolution Premium OCTG consumption by application (2013F) [Mill Tn] Premium Deep 17,1 16,6 Water API Others Oil 14% 15,2 3,9 24% 13,4 3,4 2,8 2,4 10,1 Shallow Water 2,0 21% Others 12,4 13,2…
  5. INVESTOR PRESENTATION – Tenaris Sa – slide 5
    OCTG demand [Mill Tn] 17,1 16,6 Shales 15,2 13,4 4,1 4,3 Others 2,8 1,6 10,1 11,8 12,4 12,5 12,8 10,1 2009 2010 2011 2012 2013F Investor presentation Tenaris February 2014 6
  6. INVESTOR PRESENTATION – Tenaris Sa – slide 6
    Shipments by product type 200% 132% 100% 107% 86% 2010 2011 2012 2013F PREMIUM OCTG SLP INDUSTRIAL Investor presentation Tenaris February 2014 7
  7. INVESTOR PRESENTATION – Tenaris Sa – slide 7
    Key markets in transition 2013 Mid-term USA & Canada Infrastructure constraints Shale gas Unfairly traded imports Thermal Mexico Chicontepec Energy & fiscal reform Pemex financial and operating Deepwater constraints Shale…
  8. INVESTOR PRESENTATION – Tenaris Sa – slide 8
    USA OCTG trade case USA OCTG imports On February 18, 2014, the DOC imposed [Mill Tn] preliminary anti-dumping duties on a 3.3 majority of the subject countries but not 3.0 Korea. 2.6 0.8 0.9 2.1 0.6 0.8 The DOC has stated…
  9. INVESTOR PRESENTATION – Tenaris Sa – slide 9
    Bay City Investor presentation Tenaris February 2014 10
  10. INVESTOR PRESENTATION – Tenaris Sa – slide 10
    Bay City: strategic location Hickman Fayetteville Woodford Barnett Permian Haynesville Tuscaloosa Marine Houston Conroe / McCarty Westwego 500 mile radius Freeport Bay City 350 mile Mexico Eagle Ford radius…
  11. INVESTOR PRESENTATION – Tenaris Sa – slide 11
    Key markets showing strong growth Middle East OCTG consumption Deepwater OCTG consumption [Th Tn] [Th Tn] 54% 1.400 600 50% 1.200 43% PJ Gas 500 1.000 40% 400 800 30% 300 600 Oil 20% 200 400 10% 100 200 0 0% 0 2011…
  12. INVESTOR PRESENTATION – Tenaris Sa – slide 12
    Premium connections portfolio New products for more complex drilling requirements TSH Wedge 623 TSH Blue Riser Deepwater TSH Wedge 623 (GOM) TSH Blue Riser (GOM) HP/HT Blue Max (North Sea) Blue Heavy Wall (Angola) TSH Blue…
  13. INVESTOR PRESENTATION – Tenaris Sa – slide 13
    Global industrial system and supply chain Investor presentation Tenaris February 2014 14
  14. INVESTOR PRESENTATION – Tenaris Sa – slide 14
    Financial performance Free cash flow and EBITDA margin LTM FCF US million 8.000 SLB 7.000 6.000 5.000 4.000 3.000 HAL TS 2.000 BHI 1.000 LTM EBITDA % 1.000 0% 5% 10% 15% WFT 20% 25% 30% 35% 2.000 LTM= last…
  15. INVESTOR PRESENTATION – Tenaris Sa – slide 15
    Financial performance Free cash flow and EBITDA margin LTM FCF US million 3.000 2.500 TS 2.000 1.500 TMK 1.000 500 LTM EBITDA % 0% 5% 10% 15% 20% 25% 30% 35% 500 VK 1.000 LTM= last twelve months Free cash flow…
  16. INVESTOR PRESENTATION – Tenaris Sa – slide 16
    Operating and financial results M illions of US (except rat ios and per ADS amounts) 2009 2010 2011 2012 2013 Net Sales 8.149 7.712 9.972 10.834 10.594 Operating income 1.734 1.519 1.844 2.357 2.185 EBITDA 2.239 1.959 2.399…
  17. INVESTOR PRESENTATION – Tenaris Sa – slide 17
    Strategic agenda Expansion in North America: new industrial and logistics center in USA Strengthen our leading position in Latin America: Mexico, Colombia, Brazil, Argentina Leverage technical leadership and global capabilities…
  18. INVESTOR PRESENTATION – Tenaris Sa – slide 18
    Investor presentation Tenaris February 2014 19

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