Investor Presentation
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 those
statements. These statements include information regarding management strategy, investment plans,
development and growth of the steel pipe and oil and gas industries, trends and other prospective
data, including trends regarding the development of raw material costs and the levels of investment in
oil and gas drilling worldwide and general economic conditions in the countries where Tenaris operates
and sells its products and services. We do not undertake to update any forward-looking statement to
reflect events or circumstances after the date of this document or to reflect the occurrence of
unanticipated events.
Except where otherwise stated, the data presented herein is based on Tenaris analysis and estimates.
Investor Presentation
Tenaris
March 2020
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