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INVESTOR PRESENTATION – Tenaris Sa

Tenaris Sa · Jun 1, 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 10 WCS 40 HH 5 20 0 0 Mar-08 Sep-08 Mar-09 Sep-09 Mar-10 Sep-10 Mar-11 Sep-11…
  3. INVESTOR PRESENTATION – Tenaris Sa – slide 3
    Market environment Rig count US drilling efficiencies Yearly average Quarterly average 3,556 3,641 3,436 3,447 3,405 3,456 3,326 3,219 525 2,963 419 364 531 350 379 353 152 348 1.30 [Wells/rig, 2,286 Index Q1'12] 1.19…
  4. INVESTOR PRESENTATION – Tenaris Sa – slide 4
    OCTG demand OCTG demand evolution Premium OCTG consumption by application (2013) [Mill Tn] PRM Semi-PRM 17,1 17,0 16,6 Deep API 15,2 3,1 3,3 3,4 water 13,4 2,7 Others 16% 0,3 0,7 0,9 0,1 Oil 2,4 26% Shallow water 12,4…
  5. INVESTOR PRESENTATION – Tenaris Sa – slide 5
    OCTG demand [Mill Tn] Shales 17,1 17,0 16,6 Others 15,2 13,4 4,1 4,3 4,7 2,8 1,6 11,8 12,4 12,5 12,8 12,3 2010 2011 2012 2013 2014F Investor presentation Tenaris June 2014 6
  6. INVESTOR PRESENTATION – Tenaris Sa – slide 6
    Shipments by product type 180% 100% 104% 100% 83% 2010 2011 2012 2013 PRM API & Semi-PRM SLP INDUSTRIAL Investor presentation Tenaris June 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 3,5 3,3 majority of the subject countries but not 2,9 3,0 Korea. 2,6 0,8 2,5 0,9 2,2 0,6 2,0 0,8 The…
  9. INVESTOR PRESENTATION – Tenaris Sa – slide 9
    Bay City Investor presentation Tenaris June 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] 1.400 50% 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 June 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% 20% 25% 30% 35% WFT -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 1.000 TMK 500 - LTM 0% 5% 10% 15% 20% 25% 30% 35% EBITDA % -500 -1.000 VK LTM= last twelve months Free cash flow =…
  16. INVESTOR PRESENTATION – Tenaris Sa – slide 16
    Operating and financial results M illions of US (except ratios and per ADS amounts) 2009 2010 2011 2012 2013 IQ 2014 Net Sales 8.149 7.712 9.972 10.834 10.594 2.580 Operating income 1.734 1.519 1.844 2.357 2.185 566 EBITDA 2.239…
  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 June 2014 19

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