Tenaris S.a. · MIL:TEN
Tenaris — Scotia Howard Weil 2017 Energy Conference
12 slides from Tenaris's conference presentation, Mar 27, 2017
Slide 1: Investor Presentation Scotia Howard Weil 2017 Energy Conference
Investor Presentation Scotia Howard Weil 2017 Energy Conference Paolo Rocca Chairman and Chief Executive Officer New Orleans - March 27, 2017
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 Pipes for the Oil & Gas Industry
Global Leader in Pipes for the Oil & Gas Industry Investor Presentation Tenaris March 2017 3
Slide 4: Industry Response to Lower Prices / Breakeven Evolution for Key Shale Plays
Industry Response to Lower Prices 90 80 Breakeven Evolution 70 for Key Shale Plays 60 [US$/bbl] 50 40 120 30 20 20 100 10 - Eagle Ford Permian Delaware 15 Permian Midland 80 2014 2015 2016 [US$/MMBtu] 60 WTI 10 40 LNG 5 20 US Gas (Henry Hub) - - Jan-12 Sep-12 May-13 Jul-14 Mar'15 Nov'15 Jul'16 Mar-1
Slide 5: OCTG Demand Recovery Underway
OCTG Demand Recovery Underway USA & CANADA [Mill tons] LATIN AMERICA 17.7 INTERNATIONAL CHINA & RUSSIA 8.0 11.6 12.1 4.0 8.8 5.2 1.1 2.2 0.8 3.9 0.6 0.7 2.6 2.6 2.6 4.8 4.2 3.5 3.7 2014 2015 2016 2017F PJ Mix 20% 23% 22% 21% Source: TS estimates Investor Presentation Tenaris March 2017 5
Slide 6: Rig Direct™ Global Deployment
Rig Direct™ Global Deployment Integrated service solution that addresses costs, quality, operational efficiency and sustainability TS OCTG Sales: % Rig Direct™ Dec 2016 Investor Presentation Tenaris March 2017 6
Slide 7: Rig Direct™ in North America
Rig Direct™ in North America Differentiated service offer in the world’s largest and most dynamic market Industrial infrastructure Service infrastructure Product development Shorter, more efficient and flexible supply chain Investor Presentation Tenaris March 2017 7
Slide 8: American Manufacturing Revival
American Manufacturing Revival Bay City, the world’s most modern seamless pipe mill, now in Texas Investor Presentation Tenaris March 2017 8
Slide 9: Well Positioned in Growth Areas
Well Positioned in Growth Areas Short term Medium term E. Mediterranean Gas Vaca Muerta Shale Offshore Recovery Mex. Energy Reform Fast track deepwater Conditions for Recovery in offshore Energy reform process pipeline developments investment in projects will increase advancing steadily but (eg Zohr
Slide 10: Financial Performance
Financial Performance Millions of US$ (except ratios and per ADS amounts) 2012 2013 2014 2015 2016 Net Sales 10,648 10,424 10,141 6,903 4,294 EBITDA 2,856 2,780 2,696 1,219 598 EBITDA Adjusted 2,856 2,780 2,696 1,396 672 EBITDA Adjusted margin 27% 27% 27% 20% 16% Net income (loss) of owners of the p
Slide 11: Closing Remarks
Closing Remarks • Market has changed in response to lower commodity prices: recovery underway led by North American shales • Pipe prices increasing from unsustainable levels on higher demand • Tenaris is uniquely positioned to take advantage in all regions and segments where growth is taking place •
Slide 12: Investor Presentation Tenaris March 2017
Investor Presentation Tenaris March 2017 12