1. LEADER IN PREMIUM TUBULAR SOLUTIONS
2019 Group presentation
2018 Financial year

2. Table of contents Who we are? Our activities1
Who we are?
Our activities
Our assets and commitments 2 3
2019 Group Presentation
November 30, 2018

3. Who we are? 1

4. SOLUTION-MAKERS The benchmark reference of tubular solutions
The largest portfolio on our markets
for the energy sector and other applications that present the most demanding challenges
products and services for every segment, from standard to premium
Close to our customers
Highly innovative
6 advanced R&D and 4 connection test centers in France, Germany, Brazil and the U.S.A.
~19,000  employees*
50 production facilities
in more than 20  countries
A trusted partner
helping our customers to meet their challenges in all areas of business, from technology to supply chain, value creation and local production
* Permanent and temporary contracts
2019 Group Presentation
November 30, 2018

5. 2018 2,364kt 27.7% 15% 8.7% 15.9% 32.7% A TRUSTED PARTNER €3,921m
Sales Volume
€3,921m
€150m
Sales
EBITDA
Asia & Middle East
27.7%
Europe
15%
Turnover
Rest of the world
8.7%
2018
South America
15.9%
North America
32.7%
2019 Group Presentation
November 30, 2018

6. WHEREVER OUR CUSTOMERS NEED US
Pipe mills
Steel mills
R&D centers
Finishing units
Sales and services offices
Forest and mine
VALLOUREC’S NEW INDUSTRIAL FOOTPRINT FEATURES EQUIVALENT CAPACITIES IN FOUR REGIONS.
EACH SERVES ITS MARKETS THROUGH ROUTES OPTIMIZED FOR COST AND TIME, FROM PRODUCTION TO DELIVERY.
2019 Group Presentation
November 30, 2018

7. (including petrochemicals)
OUR BUSINESSES
71.7%
7.4%
20.9%
OIL & GAS
(including petrochemicals)
POWER GENERATION
INDUSTRY AND OTHERS
2019 Group Presentation
November 30, 2018

8. Our activities 2

9. AT THE HEART OF THE MOST COMPLEX INDUSTRIAL APPLICATIONS
OIL & GAS
Premium tubes, connections and services for exploration and operation of oil and gas fields, including the most complex ones
POWER GENERATION
A wide range of tubes needed to build conventional and nuclear power plants
INDUSTRY
Hollow sections, seamless tubes and hollow bars for industrial markets: mechanical engineering, automotive and construction industries
2019 Group Presentation
November 30, 2018

10. ALL TUBES, from shafts TO REFINING UNITS
Exploration and production
Tubes for umbilicals
OCTG*: casing, tubing and VAM® premium connections
Drill pipes**
Risers
Services
Accessories
Premium welded stainless steel tubes with high-performance technical characteristics
Transport for oil and gas
Hydrocarbon processing
Offshore and onshore line pipes
Welding solutions and services for offshore and onshore projects
Pipe for hydrocarbon processing industry
THE MOST RELIABLE SOLUTIONS FOR EXTREME CONDITIONS
* Oil Country Tubular Goods
** On 11 December 2017, Vallourec announced its plan to sell its “Drilling Products” activity to the American oil services group National Oilwell arco (NOV)
2019 Group Presentation
November 30, 2018

11. PREMIUM SOLUTIONS TO ACCESS INCREASINGLY COMPLEX DEPOSITS
SOLUTION-MAKERS
Deep wells
Corrosive environments
Deviated and horizontal wells
HP/HT (High pressure/High temperature)
Offshore
Shale Gas
VAM® SG
VAM® EDGE SF
VAM® 21 HT
Arctic
Low Temp Grades
CLEANWELL® Technology
Extended Reach
VAM® HTF- NR
VAM® HTTC
HP/HT
VAM® HP
VAM® 21
Deep Well
VAM® 21
Expandable
Salt Dome
VAM® MUST
High Collapse Grades
Drilling products
Hydroclean,
VAM® Express
Sour Service
Sour Service Grades
VM 125 SS
Conventional
VAM® TOP
Advanced
VAM® 21
PREMIUM SOLUTIONS TO ACCESS INCREASINGLY COMPLEX DEPOSITS
2019 Group Presentation
November 30, 2018

12. FOCUS ON OUR OFFER FOR PLATFORMS1 2 3 4 5 6 7 8 9 1
Drill pipe* 2
Tool joint 3
Casing 4
Tubing 5
Connection 6
Production riser 8
Umbilicals 7
Flowline 9
Serimax welding solutions
Platform during drilling process
Platform during production process
A WIDE RANGE OF PRODUCTS AND SERVICES FOR OFFSHORE AND ONSHORE PLATFORMS
* On 11 December 2017, Vallourec announced its plan to sell its “Drilling Products” activity to the American oil services group National Oilwell Varco (NOV)
2019 Group Presentation
November 30, 2018

13. THE WORLD’S BROADEST PORTFOLIO OF SEAMLESS TUBES FOR POWER PLANTS
Market leader in conventional thermal and nuclear power plants with a complete range of tubes
Premium supplier
Fully engaged in
Integrated production process for steel tubes
Complete offer of tubular products
Strong technological leadership
Enhancing efficiency and reliability of all type of power plant
Reducing CO2 emissions of conventional power plant (supercritical and ultra- supercritical)
Increasing level of safety of existing and new build nuclear reactor
Seamless carbon and alloy steel tubes
Seamless nickel-alloy tubes
Services
2019 Group Presentation
November 30, 2018

14. LIGHT-WEIGHT, HIGH-STRENGTH FOR A WIDE RANGE OF APPLICATIONS
Hollow sections, tubes and hollow bars for industrial markets:
Mechanical engineering Cranes, hydraulic cylinders, agricultural machinery, OCTG mechanicals parts, etc.
Automotive All types of vehicles, both light or heavy
Construction Bridges, stadiums, offshore jack-up platforms, airport terminals, exhibition halls, etc.
Steel grades suited to a wide range of applications
2019 Group Presentation
November 30, 2018

15. A new offer bringing together the Group’s digital and services offering 
2019 Group Presentation
November 30, 2018

16. Vallourec.smart: TO ACCOMPANY YOU along EACH STEP OF THE VALUE CHAIN
Receive online or expert support to optimize your design
Get all you require, call for what you need
Get your tubes ready for use on time while preserving integrity
Enhance efficiency and improve integrity
Extend your asset life
OPTIMIZATION AND INTEGRITY SOLUTIONS FOR EACH STEP OF CUSTOMER VALUE CHAIN
2019 Group Presentation
November 30, 2018

17. PARTNERING WITH OUR CUSTOMERS TO MEET ALL THEIR CHALLENGES
OIL & GAS
POWER GENERATION
INDUSTRY
2019 Group Presentation
November 30, 2018

18. Smartengo : The new e-commerce platform of vallourec
Smartengo is Vallourec new e-commerce platform to streamline OCTG (Oil Country Tubular Goods) solutions sourcing.
An ambition driven by 3 key aspects :
Fast inquiry: you get in only a few clicks an official quote from a known manufacturer with genuine products
Easy selection: all the main items to source are made available online
Reliable products: you get delivered in any place of the world the right product at the right price at the right time 18
2019 Group Presentation
November 30, 2018

19. Our assets and commitments3

20. Safety our first priority
The 8 Golden Rules 1
Safety attitude 5
Working at heights 2
Traffic of engines & pedestrians 6
Confined spaces 3
Lifting of loads 7
Energy management/LOTO* 4
Hand tools 8
Health protection
* LOTO = Lock Out, Tag Out
2019 Group Presentation
November 30, 2018

21. Safety a continuous improveMent program
TRIR 2018 Accident frequency rate with and without lost time
2.95
SEVERITY RATE
LTIR 2018
Accident frequency rate with lost time 1
Accidents:
The ultimate objective
2019 objectives
LTIR: 1
TRIR: 2.5
2019 Group Presentation
November 30, 2018

22. STRONG INNOVATION CULTURE SERVING CUSTOMERS
Maintaining our technological leadership and anticipating our customers’ needs
Providing innovative solutions and products, improving manufacturing processes
Key technological challenges:
OIL & GAS
responding to the increasing complexity of oil and gas reservoirs and transport (onshore and offshore)
POWER GENERATION
contributing to the improvement of power plant efficiency and extending their lifespan
INDUSTRY
reducing the weight of mechanical engines, designing lighter structures
2019 Group Presentation
November 30, 2018

23. AT THE FOREFRONT OF INNOVATION
500
researchers and technicians 6
research centers and test centers 23
new patents filed
€45 million
devoted to R&D in 2018
2019 Group Presentation
November 30, 2018

24. A STRONG COMMITMENT TO ENVIRONMENTAL RESPONSIBILITY
Respect our environment and protect biodiversity
Limit the use of natural resources and implement clean and safe technologies
Preventing all pollution
Reducing water consumption
Recovering waste
Reducing disturbances
Improve the energy efficiency of our equipments and reduce the carbon emissions of our production processes
4 indexes SBF 120, Next 150, Ethibel Sustainability Index (ESI)
2019 Group Presentation
November 30, 2018

25. Environmental responsibility Key figures*
38%
of energy consumed from renewable sources
95.5%
of waste recycled
57%
of steel produced from recycled scrap
40%
of production from ISO certified sites
98%
of production from ISO certified sites
2019 Group Presentation
November 30, 2018

26. THE MEN AND WOMEN OF VALLOUREC: PASSIONATE AND COMMITTED
The expertise and diversity of our employees are key to Vallourec’s success
Respect, fairness and skills development are at the heart of our human resources philosophy
Vallourec University is open to all employees
The Experts program builds loyalty among employees with specialized knowledge in key professions such as metallurgy and rolling
is a network open to all the women and men in the company
303,588
HOURS OF TRAINING
3.70%
OF THE CAPITAL HELD BY EMPLOYEES
11%
OF OVERALL WORKFORCE AND 22% OF MANAGERS ARE WOMEN
2019 Group Presentation
November 30, 2018

27.
2019 Group Presentation
November 30, 2018