Tenaris S.a. · MIL:TEN
Tenaris — Investor Presentation (September 2022)
14 slides from Tenaris's investor presentation, September 2022
Slide 1: Investor Presentation
Investor Presentation Tenaris
Slide 2: Disclaimer
Disclaimer This presentation contains “forward-looking statements.” Forward-looking statements are based on management’s current views and assumptions and involve known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied by th
Slide 3: Global Leader in Steel Pipes for the Energy Industry
Global Leader in Steel Pipes for the Energy Industry • Manufacturing facilities in 16 countries 2021 Sales by Region • Annual steel pipe manufacturing capacity of (US$6.5 Bn) 4.7 million tons of seamless pipes 3.2 million tons of welded pipes • 5 Electric steel shops, the least CO2 intensive steel p
Slide 4: Sustaining values
Sustaining values • Protect our employees, prioritizing safety, Lost time injury frequency rate health and well-being in the workplace. 2.4 1.8 • Reduce our environmental footprint and contribute to global and regional goals 1.1 1.1 addressing climate change risk. 1.0 • Develop integrated product an
Slide 5: Decarbonization program
Decarbonization program RETURN TO SUSTAINING VALUES • USD 190 million investment project to build a wind farm in Argentina, which will supply close to 50% of Siderca’s electric energy requirements. • Working with industry partners to develop technologies involving the use of hydrogen and carbon capt
Slide 6: Worldwide Operations
Worldwide Operations Investor Presentation Tenaris September 2022 6
Slide 7: Global OCTG Demand
Global OCTG Demand [Mill Tn] Investor Presentation Tenaris September 2022 7
Slide 8: Differentiated Products
Differentiated Products Full range of high quality products (seamless and welded pipes, premium connections, large OD OCTG and connectors, line pipe, mechanical pipe, accessories, sucker rods and coiled tubing) for use in all types of oil and gas drilling, well completion and transportation activiti
Slide 9: Rig Direct Services and Digital Integration
Rig Direct® Services and Digital Integration Integrated solution that addresses costs, quality, operational efficiency and sustainability • Active in 30 countries around the world • 40+ service and distribution facilities • 20+ years of experience in Rig Direct® Services • Digital integration throug
Slide 10: Vertical integration in the US
Vertical integration in the US • ~USD10 billion invested in the US over the past 15 years. • Largest US domestic producer complemented by imports from the rest of our industrial system. • Vertical integration with domestic steel shop for local steel bar production. • Serving many of the leading shal
Slide 11: Input Costs Evolution
Input Costs Evolution Iron Ore (IODEX) 300 Scrap USA (CRU) 280 HRC USA (CRU) 260 PipeLogix 240 4,203 US$/Tn 220 200 180 160 140 847 US$/Tn 120 388 US$/Tn 100 96 US$/Tn 80 60 40 20 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18 4Q18 1Q19 2Q19 3Q19 4Q19 1Q20 2Q20 3Q20 4Q20
Slide 12: Financial Performance
Financial Performance USD million EBITDA % USD million Free cash flow % Sales 1,800 25% 1,500 30% 1,600 1,400 20% 25% 1,200 1,000 20% 15% 1,000 15% 800 500 10% 10% 600 5% 400 0 5% 2017 2018 2019 2020 2021 0% 200 - 0% -500 -5% 2017 2018 2019 2020 2021 -10% EBITDA % EBITDA margin -1,000 -15% FCF Free
Slide 13: Quarterly Financial Performance
Quarterly Financial Performance USD million USD million Net Sales EBITDA % 3,000 900 35.0% 800 30.0% 2,500 700 25.0% 600 2,000 500 20.0% 1,500 400 15.0% 300 10.0% 1,000 200 100 5.0% 500 - 0.0% 2Q 2021 3Q 2021 4Q 2021 1Q 2022 2Q 2022 - 2Q 2021 3Q 2021 4Q 2021 1Q 2022 2Q 2022 EBITDA % EBITDA margin US
Slide 14: Investor Presentation Tenaris September 2022
Investor Presentation Tenaris September 2022 14