Tenaris S.A. (TS)

Q2 2011 Earnings Call

August 4, 2011 10:00 a.m. ET


Giovanni Sardagna – Director, IR

Paolo Rocca – Chairman and CEO

Guillermo Voguel – VP of Finance and member of our Board of Directors

Ricardo Soler – CFO

Germán Curá – North American Area Manager

Alejandro Lammertyn – Eastern Hemisphere Area Manager


Michael LaMotte – Guggenheim

Paula Kovarsky – Itau Securities

Blake Hutchinson – Howard Weil

Amy Wong – UBS

Raphael Veverka - Exane BNP Paribas

Marcus Sequeira - Deutsche Bank

Christian Audi – Santander

Andrea Scauri – Mediobanca

Roger Basnia – Kepler Capital Markets



Good day, ladies and gentlemen, and welcome to the Q2 2011 Tenaris S.A. Earnings Conference Call. My name is Veronica, and I will be your operator for today. At this time, all participants are in a listen-only mode. The duration for today’s conference call will last an hour. Later we will conduct a question-and-answer session. (Operator instructions).

I would now like to turn the conference over to your host for today’s call, Mr. Giovanni Sardagna, Investor Relations Director. Please proceed.

Giovanni Sardagna

Thank you Veronica, and welcome to Tenaris 2011 second quarter result conference call. Before we start, I would like to remind you, as usual, that we will be discussing forward-looking information in the call and that our actual results may vary from those expressed or implied herein. Factors that could affect those results include those mentioned in the company’s 20-F and other documents filed with the SEC.

With me on the call today are Paolo Rocca, our Chairman and CEO; Guillermo Voguel, Vice President of Finance and member of our Board of Directors; Ricardo Soler, our Chief Finance Officer; Germán Curá, the Managing Director of our North American operation; and Alejandro Lammertyn, the Managing Director of our Eastern Hemisphere operation.

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