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Johnson Rice Energy Conference – Tenaris Sa

Tenaris Sa · Sep 29, 2015 · 12 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. Johnson Rice Energy Conference – Tenaris Sa – slide 1
    Investor Presentation London, September 2015 Paolo Rocca Chairman and CEO
  2. Johnson Rice Energy Conference – Tenaris Sa – slide 2
    Market Context Oil price futures [US/bbl] WTI Forward curve 95 87 85 75 69 65 60 55 45 Current 3 months ago 1 year ago 35 2015 2016 2017 2018 2019 2020 Source: Bloomberg Investor presentation Tenaris September 30,…
  3. Johnson Rice Energy Conference – Tenaris Sa – slide 3
    Downturns Compared Oil price and US rig count A: last peak before steep drop Investor presentation Tenaris September 30, 2015 4
  4. Johnson Rice Energy Conference – Tenaris Sa – slide 4
    US Drilling Efficiencies and Cost Deflation US OCTG consumption per rig Average US Shale WTI breakeven price for different spud year USD/bbl 90 80 70 60 50 40 78 72 71 30 61 50 20 10 0 2011 2012 2013 2014…
  5. Johnson Rice Energy Conference – Tenaris Sa – slide 5
    Oil Production and Breakeven Costs Source: Rystad Energy 2020 Forecast (June 2015) Investor presentation Tenaris September 30, 2015 6
  6. Johnson Rice Energy Conference – Tenaris Sa – slide 6
    Global OCTG Demand Outlook 2016 demand supported by Middle East and lower inventories and highly sensitive to NAM shale activity [Mill Tn] 17.5 17.7 16.5 6.9 8.0 +5% 7.0 12.0 3.9 10.6 9.6 9.7 8.1 2012 2013 2014…
  7. Johnson Rice Energy Conference – Tenaris Sa – slide 7
    Strengthening Position in NAM Shales Differentiating with product, service and industrial excellence Percentage of rigs served by TS in the US with rig services Products (Wedge 563, TXP BTC, Wedge 625, BlueCoil, sucker rods)…
  8. Johnson Rice Energy Conference – Tenaris Sa – slide 8
    Reliable Partner for Complex Projects Differentiating with product technology and service Dopeless Technology on TS Sales in Major Offshore Regions 78% 75% 54% 50% US Gulf of Mexico North Sea 25% 0% 2012 2013 2014…
  9. Johnson Rice Energy Conference – Tenaris Sa – slide 9
    Culzean Project North Sea Flagship HPHT project to supply 5% of UK gas in 2020 Project Summary Operator: Maersk Oil UK Investment: US4.7 billion 6+2 wells 2 wells/yr - Spud date: May16 Environment Complexity Gas, HPHT, Sour…
  10. Johnson Rice Energy Conference – Tenaris Sa – slide 10
    Actions on Costs Raw material costs evolution 120 100 1,473 US/Tn* 80 496 US/Tn 60 195 US/Tn 40 57 US/Tn Iron Ore (IODEX CRF China) Scrap USA (CRU) 20 HRC USA (CRU) Pipe Logix 0 Sep15 2013 avg 1Q14…
  11. Johnson Rice Energy Conference – Tenaris Sa – slide 11
    Sustainable financial performance EBITDA* Margin US Million Free cash flow Free cash flow 30% 2,000 25% 20% 1,500 15% 1,000 10% 500 5% 0% 0 2012 2013 2014 1H15 2012 2013 2014 IH 2015 5% 10% TS VK USS Tubulars SLB *…
  12. Johnson Rice Energy Conference – Tenaris Sa – slide 12
    Summary Oil and gas fundamentals are still there: increasing global demand and production decline will eventually stimulate a recovery in drilling led by NAM shales Tenaris is in the right position to support the industry with…

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