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November 2015 Investor Presentation – Tenaris Sa

Tenaris Sa · Nov 30, 2015 · 14 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. November 2015 Investor Presentation – Tenaris Sa – slide 1
    Investor Presentation
  2. November 2015 Investor Presentation – Tenaris Sa – slide 2
    Market Context Oil price futures (as of September 30, 2015) [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…
  3. November 2015 Investor Presentation – Tenaris Sa – slide 3
    Downturns Compared Oil price and US rig count A: last peak before steep drop Investor presentation Tenaris November 2015 4
  4. November 2015 Investor Presentation – 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. November 2015 Investor Presentation – Tenaris Sa – slide 5
    Oil Production and Breakeven Costs Source: Rystad Energy 2020 Forecast (June 2015) Investor presentation Tenaris November 2015 6
  6. November 2015 Investor Presentation – Tenaris Sa – slide 6
    Global OCTG Demand Outlook 2016 demand supported by Middle East and highly sensitive to NAM shale activity [Mill Tn] 17.5 17.7 16.5 6.9 8.0 7.0 11.3 3.8 9.6 10.6 9.7 7.5 2012 2013 2014 2015F 2016F Others USA &…
  7. November 2015 Investor Presentation – 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 % Rigs 70% Eagle Ford 60% 50% Permian 40% 30% Total TS 20%…
  8. November 2015 Investor Presentation – Tenaris Sa – slide 8
    North America market context 3000 Canada Rig count Korean OCTG imports in the US 250 [Th Tn] USA 2500 200 2000 150 1500 100 1000 500 50 0 0 Jan-14 Apr-14 Jul-14 Oct-14 Jan-15 Apr-15 Jul-15 Oct-15F 3.5 [Mill Tn] USA…
  9. November 2015 Investor Presentation – Tenaris Sa – slide 9
    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…
  10. November 2015 Investor Presentation – Tenaris Sa – slide 10
    Actions on Costs Raw material costs evolution 120 100 80 1,390 US/Tn 463 US/Tn 60 180 US/Tn Iron Ore (IODEX CFR China) 267 US/Tn 40 Scrap USA (CRU) 53 US/Tn HRC USA (CRU) 20 Pipe Logix HRC CHINA 0 Oct-15 2013…
  11. November 2015 Investor Presentation – Tenaris Sa – slide 11
    Sustainable financial performance EBITDA* Margin Free cash flow 30% US Million 25% 2,000 20% 15% 1,500 10% 1,000 5% 0% 2012 2013 2014 9M15 500 -5% -10% 0 TS VK USS Tubulars SLB 2012 2013 2014 9M 2015 * Excluding asset…
  12. November 2015 Investor Presentation – Tenaris Sa – slide 12
    Operating and financial results M illions of US (except ratios and per ADS amounts) 2010 2011 2012 2013 2014 9M 2015 Net Sales 7,712 9,972 10,834 10,597 10,338 5,681 Operating income 1,519 1,844 2,357 2,185 1,899 171 EBITDA 1,959…
  13. November 2015 Investor Presentation – Tenaris Sa – slide 13
    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…
  14. November 2015 Investor Presentation – Tenaris Sa – slide 14
    Investor presentation Tenaris November 2015 15

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