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September 2015 Investor Presentation – Tenaris Sa

Tenaris Sa · Sep 1, 2015 · 9 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. September 2015 Investor Presentation – Tenaris Sa – slide 1
    Investor Presentation
  2. September 2015 Investor Presentation – Tenaris Sa – slide 2
    Market environment Oil Prices Gas Prices [/bbl] [/MMbtu] 140 25 120 20 Spot LNG NE Asia Brent 100 WTI 15 80 60 10 40 NBP ICE UK WCS 5 20 HH 0 0 Oct-12 Oct-13 Oct-14 Jul-12 Jan-13 Jul-13…
  3. September 2015 Investor Presentation – Tenaris Sa – slide 3
    OCTG demand [Mill Tn] 17.5 17.1 16.5 15.2 3.6 3.6 3.1 2.7 0.7 0.3 1.2 12.0 2.7 0.9 12.4 13.0 13.2 12.2 8.4 2011 2012 2013 2014 2015F API Semi-PRM PRM Investor presentation Tenaris September, 2015 4
  4. September 2015 Investor Presentation – Tenaris Sa – slide 4
    North America market context 3000 USA Rig count Korean OCTG imports in the US Canada [Th Tn] 2500 250 2000 200 1500 150 1000 100 500 50 0 0 3.5 [Mill Tn] USA inventory 16 Pipe logix [Months] 2,200 [US/Mt ton] 3.0 US…
  5. September 2015 Investor Presentation – Tenaris Sa – slide 5
    Rest of the world mixed dynamics Trend Main drivers Mexico Pemex capex reduction Delay in energy reform Brazil Rota 3 pipe line Argentina Pipe line projects Stable OCTG demand Middle East Saudi Arabia destocking…
  6. September 2015 Investor Presentation – Tenaris Sa – slide 6
    Sustainable financial performance EBITDA margin and FCF/revenues US Million Free Cash Flow 14% [2014 FCF/revenues %] SLB 1.800 1.600 12% 1.400 10% TS 1.200 8% 1.000 6% VK BHI 800 600 4% HAL 400 2% 200 [2014 EBITDA %] 0 0%…
  7. September 2015 Investor Presentation – Tenaris Sa – slide 7
    Operating and financial results M illions of US (except ratios and per ADS amounts) 2010 2011 2012 2013 2014 IH 2015 Net Sales 7,712 9,972 10,834 10,597 10,338 4,122 Operating income 1,519 1,844 2,357 2,185 1,899 490 EBITDA 1,959…
  8. September 2015 Investor Presentation – Tenaris Sa – slide 8
    Preparing for the downturn Financial strength: cash positive, good cash flow and higher margins than competitors Flexible industrial system: adjusting operations and costs to fit the new environment, reducing working capital…
  9. September 2015 Investor Presentation – Tenaris Sa – slide 9
    Investor presentation Tenaris September, 2015 10

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