Tenaris S.a. · MIL:TEN
Tenaris — Investor Presentation (April 2013)
23 slides from Tenaris's investor presentation, Apr 25, 2013
Slide 1: Company Overview
Company Overview April 25, 2013
Slide 2: Global Industrial System
Global Industrial System Serving the world s energy industry and other industrial applications 2012 Sales by Region • Annual manufacturing capacity of 6.4 million tons of steel pipes Far East & Oceania - 3.7 million tons of seamless pipes 4% - 2.7 million tons of welded pipes Middle East & Africa •
Slide 3: Worldwide Operations
Worldwide Operations Aberdeen Esbjerg Copenhagen Nisku Aksai Red Deer AlgomaTubes Munich Campina Prudential Atyrau Dalmine Ploiesti Silcotub Bucharest Pittsburgh Ankara Hickman Louisville Ashgabat Bakersfield NKKTubes Oklahoma City Counce Erbil Conroe Cedar Springs Basra Westwego Misurata Bahrain Ne
Slide 4: A History of Industrial Enterprise
A History of Industrial Enterprise 1930s Agostino Rocca, Techint’s founder, is Managing Director at Dalmine. 1954 Tamsa and Siderca begin operations. 1980s Siderca expands capacity for export markets. 1986 Siderca acquires Siat, an Argentine welded pipe manufacturer. 1993 Siderca and Tamsa form stra
Slide 5: A History of Industrial Enterprise
A History of Industrial Enterprise 2007 With Hydril, Tenaris expands its offer of products and services for the oil & gas industry. 2009 Tenaris extends presence in the Far East through the integration of SPIJ, an Indonesian OCTG processing operation. Venezuela acquires control over TAVSA. 2010 Inau
Slide 6: Integrated Industrial Management
Integrated Industrial Management 4 electric steel shops 14 seamless rolling mills 30 welded tube mills 58 heat treatment lines (25 in hot rolling mills) 99 premium threading lines One Quality Management System (ISO 9001:2008) One Health, Safety and Environment Management System (OHSA 18000 and ISO 1
Slide 7: Market Segments
Market Segments Leading global manufacturer and supplier of tubular products and services used in: OCTG Premiun Offshore Line • Drilling, completion and production Connections Pipe of oil and gas • Transportation of oil and gas • Process and power plants • Specialized industrial and Onshore Line Hid
Slide 8: OCTG
OCTG • Tenaris supplies a full range of high quality casing and tubing, drill pipe, premium connections, pipe accessories, sucker rods and coiled tubing for use in all types of oil and gas drilling and well completion activities. • We accompany our products with services, based on our expertise of m
Slide 9: Premium Connections
Premium Connections A full range of products and services for ever more demanding E&P applications and environments TM TM ER Blue® Wedge 523 • Deepwater • Arctic • Deep directional • Horizontal and extended reach • Sour gas • Drilling with casing • Geothermal • Shales - Tight Gas Dopeless® technolog
Slide 10: Offshore Line Pipe
Offshore Line Pipe Tenaris designs and manufactures high-quality line pipe products for even the most demanding offshore projects The offer includes: • Top tensioned and steel catenary risers • Export lines and flowlines • Bends • Corrosion Resistant Alloys (clad, lined and solid) • Coiled line pipe
Slide 11: Onshore Line Pipe
Onshore Line Pipe Tenaris delivers a wide range of seamless and welded tubes for onshore line pipe to be used in the most demanding conditions meeting the specifications of each particular project. Main markets: • Oil and gas pipelines • Water and sewage pipelines • Mineral slurry pipelines Company
Slide 12: Hydrocarbon Processing
Hydrocarbon Processing • Tenaris provides a wide range of seamless steel tubes and pipes for refineries, petrochemical and gas-processing plants able to comply with the most stringent customer s requirements. • Tenaris has developed a unique model, the Total Cost of Ownership, which takes into accou
Slide 13: Power Generation
Power Generation • Tenaris provides a complete range of seamless tube & pipe in different steel grades for all Power Generation applications (HRSG, SC/USC Boilers, Waste to Energy, Heat Exchangers, Nuclear, IGCC, Renewable, CCS). • Tenaris can provide tailor made solutions: fixed lengths, special to
Slide 14: Power Generation
Power Generation • Tenaris has recently invested $60 million to build a new dedicated finishing line and to process high alloys up to 9% Cr in Romania. With this new investment, customers will benefit from: - the longest tubes in the world: 26 meters, allowing to increase the height of the HRSG modu
Slide 15: Industrial & Automotive Services
Industrial & Automotive Services Industrial & Mechanical Services Automotive Services • Tenaris provides seamless tubular • Tenaris provides a wide range of products and components for seamless tubes and tube-based industrial applications such as high components according to ISO TS fatigue resistanc
Slide 16: An Integrated R&D Network
An Integrated R&D Network Five dedicated research and development centers specializing in: Argentina Steel making and heating processes Applied physics and structural integrity OCTG and Premium connections Italy Hot Rolling processes Mechanical applications and power generation products Japan Drill
Slide 17: An Integrated R&D Network (cont.)
An Integrated R&D Network (cont.) • More than 230 researchers and engineers, nearly half hold PhD or MSc degrees • Comprehensive full-scale testing facilities and large capacity for numerical modeling analysis of innovative products and processes • Collaboration with selected external R&D laboratori
Slide 18: Pursuing the Highest Standards in QHSE
Pursuing the Highest Standards in QHSE CO2 Emissions – Sites with steel • QHSE standards and objectives integrated production into all management processes 1.40 • Principles of sustainable development integrated into all operations 1.20 0.32 0.35 0.32 0.30 0.31 • Employee health and safety, customer
Slide 19: Pursuing the Highest Standards in QHSE (cont.)
Pursuing the Highest Standards in QHSE (cont.) Lost Time Injury Frequency rate • IT tools and continuous training to enhance awareness of Quality and HSE issues Accidents per million • Constant investment in plants, people and man/hours processes to improve QHSE performance 7.0 • A set of 12 Basic S
Slide 20: Investing in Human Resources
Investing in Human Resources Personnel employed by country • Corporate university to align knowledge 26,670 employees (Dec. 2012) and oversee training • 50 hours of training per salaried employee USA Others 4% in 2012 13% • Global Trainee Program: 2-year program for recent university graduates Argen
Slide 21: Community Development
Community Development Investment in Community programs • Conviction that industry contributes to lasting US $13.3 million (2012) and equitable economic growth • Working together with local authorities and non-governmental organizations to promote Internal community 6% Environment 2% and obtain suppo
Slide 22: Integrity and Transparency
Integrity and Transparency • Code of Conduct applicable to all employees • Guiding principles of integrity and transparency for relations between employees, suppliers, customers and third parties • Transparency lines open for employees, suppliers, customers and shareholders • Rigorous international
Slide 23: Company Overview Tenaris May 8, 2013
Company Overview Tenaris May 8, 2013 23