Tenaris S.A. (NYSE:TS) Q4 2020 Earnings Conference Call February 25, 2021 3:00 AM ET Company Participants Giovanni Sardagna - Director of Investor Relations Paolo Rocca - Chairman & Chief Executive Officer Luca Zanotti - President, U.S. Operations Gabriel Podskubka - President, Eastern Hemisphere Operations Conference Call Participants Igor Levi - BTIG Ian MacPherson - Simmons Sean Meakim - JPMorgan Marc Bianchi - Cowen Frank McGann - Bank of America Alan Spence - Jefferies David Anderson - Barclays Amy Won ...

Financial Data and Key Metrics Changes - Third quarter sales were $1 billion, down 43% year-over-year and 18% sequentially, primarily due to declining drilling activity in the U.S. and globally [5] - EBITDA for the quarter was $107 million, up 83% sequentially, with an EBITDA margin recovering to around 11% [5][6] - Free cash flow generated was $376 million, representing 37% of revenues, with a net cash position of $1.1 billion at the end of the quarter [6] Business Line Data and Key Metrics Changes - The average selling prices for Tubes declined by 9%, impacting overall sales [5] - The company achieved significant efficiency in industrial operations despite low production levels, contributing to improved margins [8] Market Data and Key Metrics Changes - The rig count in the U.S. increased from 246 to close to 300, indicating a gradual market recovery [32] - In Argentina, rig count increased to 25 rigs, showing positive signs despite economic difficulties [31] Company Strategy and Development Direction - The company established a joint venture in China with Baogang Baotou Steel to enhance its presence in the onshore oil and gas industry [9] - In Canada, the company closed its Prudential mill to consolidate production, investing $72 million to strengthen competitiveness [10] - The company is focusing on the energy transition, participating in projects related to hydrogen mobility and infrastructure [12] Management's Comments on Operating Environment and Future Outlook - Management noted that the third quarter represented the bottom in terms of volume and sales, with expectations for gradual improvement in the fourth quarter and into 2021 [14] - The ongoing pandemic and government measures are expected to slow down the recovery in global oil consumption and investment [14] Other Important Information - The Board approved an interim dividend payment of $0.07 per share, to be paid on November 25 [6] - The company is advancing its strategic agenda while supporting local health and education systems during the pandemic with a $6 million fund [9] Q&A Session Summary Question: Margin improvement and moving parts from Q2 to Q3 - Management highlighted that margin improvement was due to less disruption from COVID than expected, effective execution of cost reduction plans, and additional demand in certain markets [20][22] Question: Impact of input costs versus pricing - Management acknowledged rising input costs but noted that inventory streamlining mitigated immediate impacts on margins [24][26] Question: Market share growth and rig count recovery - Management confirmed that they likely gained market share and noted a gradual increase in rig count, particularly in the U.S. [31][32] Question: Structural cost reductions and their permanence - Management indicated that many cost reductions are structural and will remain, with ongoing efforts to streamline operations [39] Question: Cash flow and CapEx outlook - Management projected CapEx for 2021 to be around $160 million to $170 million, with continued positive cash flow expected [87] Question: Inventory levels and market conditions - Management reported that inventory levels in the U.S. have decreased to around 11 months, with a need for larger operators to resume drilling for further recovery [52] Question: Strategic acquisitions and market positioning - Management expressed openness to strategic acquisitions, leveraging financial strength to position the company for long-term growth amid industry consolidation [94]

Tenaris S.A. (NYSE:TS) Q2 2020 Earnings Conference Call August 6, 2020 10:00 AM ET Company Participants Giovanni Sardagna - IR Director Paolo Rocca - Chairman & Chief Executive Officer Alicia Mondolo - Chief Financial Officer Guillermo Vogel - Vice Chairman & Member Board of Directors German Cura - Vice Chairman & Member Board of Directors Gabriel Podskubka - President, Eastern Hemisphere Operations Luca Zanotti - President, US Operations Conference Call Participants Sean Meakim - JPMorgan Frank McGann - Ba ...

Tenaris SA (NYSE:TS) Q1 2020 Earnings Conference Call April 30, 2020 10:00 AM ET Company Participants Giovanni Sardagna - IR Director Paolo Rocca - Chairman & CEO Gabriel Podskubka - President, Eastern Hemisphere Germán Curá - Vice Chairman Luca Zanotti - President, U.S.A. Operations Conference Call Participants Igor Levi - BTIG Sean Meakim - JPMorgan Chase & Co. Ian MacPherson - Simmons Marc Bianchi - Cowen and Company Alessandro Pozzi - Mediobanca John Letizia - Stifel, Nicolaus & Company Vlad Sergievskii ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F or ☐ Shell company report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number: 001-31518 (Mark One) ☐ Registration statement pursuant to Section 12(b) or 12(g) of the Securities Exchange Act of 1934 or ☒ Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended December 31, 2019 or ☐ Transition report pursuant to Section 13 or 15(d) ...

Ternium – First Quarter 2020 Earnings Conference Call and Webcast 1 First Quarter 2020 Earnings Conference Call and Webcast April 29, 2020 Forward-Looking Statements This presentation contains certain forward-looking statements and information relating to Ternium S.A. and its subsidiaries (collectively, "Ternium") that are based on the current beliefs of its management as well as assumptions made by and information currently available to Ternium. Such statements reflect the current views of Ternium with res ...

Tenaris S.A. (NYSE:TS) Q4 2019 Earnings Conference Call February 20, 2020 9:00 AM ET Company Participants Giovanni Sardagna - Director-Investor Relations Paolo Rocca - Chairman and Chief Executive Officer Gabriel Podskubka - President, Eastern Hemisphere Operations Luca Zanotti - President, U.S. Operations Conference Call Participants Igor Levi - BTIG Ian MacPherson - Simmons Sean Meakim - JPMorgan Marc Bianchi - Cowen Stephen Gengaro - Stifel Alessandro Pozzi - Mediobanca Lillian Starke - Morgan Stanley Op ...

Tenaris S.A. (NYSE:TS) Q3 2019 Earnings Conference Call October 31, 2019 10:00 AM ET Company Participants Giovanni Sardagna – Director-Investor Relations Paolo Rocca – Chairman and Chief Executive Officer Alicia Mondolo – Chief Financial Officer Gabriel Podskubka – President-Eastern Hemisphere Operations Luca Zanotti – President-U.S. Operations Germán Curá - Vice Chairman Conference Call Participants Frank McGann – Bank of America Igor Levi – BTIG Sean Meakim – JPMorgan David Anderson – Barclays Marc Bianch ...

Tenaris SA (NYSE:TS) Q2 2019 Earnings Conference Call August 1, 2019 9:00 AM ET Company Participants Giovanni Sardagna - IR Director Paolo Rocca - Chairman & CEO Alicia Mondolo - CFO Gabriel Podskubka - President, Eastern Hemisphere Edgardo Carlos - CFO Guillermo Vogel - Vice Chairman Germán Curá - Vice Chairman Luca Zanotti - President, U.S.A. Operations Conference Call Participants Igor Levi - BTIG Frank McGann - Bank of America Merrill Lynch John Anderson - Barclays Bank Ian MacPherson - Simmons & Compan ...

Tenaris S.A (NYSE:TS) Q1 2019 Earnings Conference Call May 3, 2019 8:30 AM ET Company Participants Giovanni Sardagna – Investor Relations Paolo Rocca – Chairman and Chief Executive Officer Luca Zanotti – President of our U.S. Operations Gabriel Podskubka – President of our Eastern Hemisphere Operations Guillermo Vogel – Vice Chairman and member of our Board of Directors Edgardo Carlos – Chief Financial Officer German Cura – Vice Chairman and member of our Board of Directors Conference Call Participants Igor ...