Yasungulwa ngo-1993 abafowethu u-Tom noDavid Gardner, i-Motley Fool isize izigidi zabantu ukuba bathole inkululeko yezimali ngokusebenzisa iwebhusayithi yethu, ama-podcasts, izincwadi, amakholomu amaphephandaba, izinhlelo zomsakazo kanye nezinsizakalo zokutshala izimali ezisezingeni eliphezulu.
Yasungulwa ngo-1993 abafowethu u-Tom noDavid Gardner, i-Motley Fool isize izigidi zabantu ukuba bathole inkululeko yezimali ngokusebenzisa iwebhusayithi yethu, ama-podcasts, izincwadi, amakholomu amaphephandaba, izinhlelo zomsakazo kanye nezinsizakalo zokutshala izimali ezisezingeni eliphezulu.
Ufunda i-athikili yamahhala imibono yayo ingase yehluke kuleyo yesevisi yokutshala imali eyi-premium The Motley Fool.Yiba yilungu le-Motley Fool namuhla futhi uthole ukufinyelela okusheshayo ezelulekweni zomhlaziyi ophezulu, ucwaningo olujulile, izinsiza zokutshala izimali nokunye.funda kabanzi
Sanibonani ntambama ngibonge uxhaso lwenu.Uyemukelwa ocingweni lwengqungquthela ye-Tenaris SA ye-Q3 2021.[Iziyalezo]
Manje ngithanda ukudlulisela ingqungquthela kusikhulumi sanamuhla, u-Giovanni Sardagna.ngicela uqhubeke.
10 Amasheya Sithanda Kangcono Kune-Tenaris Pay ukuze silalele lapho ithimba lethu lomhlaziyi eliwine imiklomelo linikeza iseluleko sesitoko.Phela, i-newsletter ye-Motley Fool Stock Advisor asebeneminyaka engaphezu kweshumi besebenza ngayo isiphindeke kathathu imakethe.*
Basanda kwethula izitoko eziyishumi abacabanga ukuthi zithengwa kakhulu abatshalizimali njengamanje… futhi uTenaris akayena omunye wabo!Kulungile - bacabanga ukuthi lezi zitoko ezingu-10 zingcono kakhulu.
Ngiyabonga Gigi futhi wamukelekile ocingweni lwengqungquthela ye-Tenaris Q3 2021.Ngaphambi kokuthi siqale, ngithanda ukukukhumbuza ukuthi sizobe sixoxa ngolwazi olubheke phambili ngesikhathi socingo, futhi imiphumela yangempela ingase yehluke kuleyo eshiwo noma eshiwo kulolu cingo.Ongijoyine namuhla nguPaolo Rocca, uSihlalo wethu kanye noMphathi Omkhulu;U-Alicia Mondolo, i-CFO yethu;uGuillermo Vogel, iPhini likaSihlalo kanye neLungu Lebhodi Labaqondisi;Herman Kura, iPhini likaSihlalo kanye namaLungu eBhodi;U-Gabriel Podskubka, uMongameli wemisebenzi yethu ye-Eastern Hemisphere kanye no-Luca Zanotti, uMongameli wemisebenzi yethu yase-US.Ngaphambi kokunikeza uPaolo isitatimende sokuvula, ngithanda ukuphawula kafushane ngemiphumela yethu yekota.Ukuthengisa kwethu kwekota yesithathu bekungu-$1.8 billion, kwenyuke ngo-73% unyaka nonyaka kanye no-15% ngokulandelana, ikakhulukazi ngenxa yokuthi ukuthengiswa okuphezulu emazweni aseMelika kukhulu kunalawo aseMpumalanga Ephakathi ngenxa yokwehla kwezinga lempahla nokuncipha kokuthengisa.Ukwehla kokuthengiswayo kuthonywe izici zesizini eYurophu.I-EBITDA yethu yekota inyuke ngokulandelana ngama-26% yafinyelela ku-$379 million, ikhombisa amanani aphezulu, amanani angcono nokusebenza okuqinile kokusebenza.
Imajini yethu ye-EBITDA ikhuphuke yafinyelela ngaphezulu kwama-20% ngenxa yama-ASP aphezulu, kuyilapho ukukhula kwezindleko kugqugquzelwa ukuthuthukiswa kokucisha ukusebenza kokusebenza kanye nokufakwa kwezindleko ezingaguquki eziphakeme.Isilinganiso senani lokuthengisa kumashubhu ethu lenyuke ngo-10% unyaka nonyaka kanye no-6% ngekota ngekota.Phakathi nekota, ukuhamba kwemali okusebenzayo bekungamaRandi ayizigidi ezingama-53 kanti ukusetshenziswa kwezimali ezinkulu bekungamaRandi ayizigidi ezingama-74.Ukugeleza kwethu kwemali kwamahhala bekukubi kancane.Izimali ezivela emisebenzini yokusebenza zikhuphuke ngezigidi ezingu-276 zamaRandi ngekota, ikakhulukazi ngenxa yokukhula okuqhubekayo kanye namazinga aphezulu omsebenzi webhizinisi e-US.Isimo sethu sesamba semali ekupheleni kwekota sehle safinyelela ku-$830 million sisuka ku-$854 million kwikota edlule.Ibhodi Labaqondisi ligunyaze inkokhelo yesikhathi esimisiwe yesabelo sesikhashana esingu-$0.13 ngesheya ngalinye noma u-$0.26 nge-ADR ngayinye ngoNovemba 24.
Ngiyabonga Giovanni sanibonani nonke.Ezinyangeni ezimbalwa ezedlule, sibone umthelela wezimakethe zamandla eziqinile njengoba isidingo somhlaba wonke sikhuphuka njengoba umnotho wehla ngenxa yalolu bhubhane ngonyaka odlule.Amanani kawoyela akhuphuke ngaphezu kwamazinga angaphambi kobhubhane njengoba uhlu lwezimpahla lungaphansi kokujwayelekile futhi amazwe e-OPEC+ kanye nabaqhubi be-shale abaphethwe nguhulumeni wase-US bagcina isiyalo sokuhlinzeka.Amanani entengo yegesi yemvelo, ikakhulukazi i-LNG emakethe ekhona, asabela ekuvimbeleni ukuhlinzeka, okushiya enye indawo yokugcina yase-Europe ingenalutho ngaphambi kobusika.Nakhu okwenzekayo uma imboni ibhekisiswa njengoba umhlangano wabaholi bomhlaba uholela ekucabangeni ukuthi zingaqiniswa kanjani futhi zisheshiswe ukulungiswa kokushintshwa kwamandla.Nakuba okuhlosiwe kucacile, ijubane kanye nendlela yokunyakaza kuhlala kungaqinisekile, kunenqwaba yemfucumfucu ehambayo.Lezi zinxushunxushu zamandla, kuhlanganiswe nokuphazamiseka kokuhlinzeka ngempahla kanye nemiphumela eqhubekayo yalolu bhubhane, kudala ubungozi namathuba e-Tenaris.Ngakolunye uhlangothi, sibhekane nezindleko ezikhuphukayo zezinto zokusetshenziswa, amandla kanye nempahla, kanye nokuphazamiseka okuthile ekuhleleni ukukhiqiza kanye nezinhlelo zokumba amakhasimende.Ngakolunye uhlangothi, isidingo siyakhula njengoba umsebenzi ukhula ekusekeleni ukunikezwa kukawoyela negesi.
Ngaphansi kwalezi zimo, imiphumela yethu iyaqhubeka nokubonisa umfutho oqinile wokuthola kabusha, ngokuthengisa okukhuphuka ngekota nekota futhi amamajini aphinde avele.Imajini yethu ye-EBITDA njengamanje ingaphezu kwama-20% ngenxa yamavolumu aphezulu, amanani aphezulu kanye nokulawulwa kwezindleko.Ngokuzayo, silindele ukuthi lo mkhuba uqhubeke.Ukuthengisa kwethu eNyakatho Melika ngekota yesithathu kukhuphuke ngo-28% ngokulandelana futhi kwenyuke ngo-155% unyaka nonyaka.Silindele ukukhula okuqinile okwengeziwe kwikota elandelayo njengoba sihlangabezana nesidingo esikhulayo samakhasimende futhi sinciphisa ukukhuphuka kwamanani ezimakethe.Njengoba sishilo ezingcingweni ezedlule, sihlanganisa ukukhiqizwa e-US futhi sikhipha isevisi ye-Rig Direct ukuze sihlangabezane nesidingo esikhulayo nezidingo zamakhasimende ethu.Ngo-Agasti, saphinda savula indawo yethu yokukhiqiza amapayipi engenamthungo e-Ambridge, ePennsylvania.Ngo-Okthoba, savula kabusha isikhungo sethu sokwelashwa nokuqeqeshwa kokushisa e-Baytown, eTexas.Ukukhiqizwa esikhungweni sethu saseBay City kuyaqhubeka nokukhula.Senza lokhu kunweba emakethe yezemisebenzi eyinselele esisungule kuyo inkampani yethu - kusukela ngo-Okthoba wonyaka odlule siqashe abasebenzi abasha abayi-1,000 futhi silindele ukuletha ingqikithi ku-1,000 ngoJuni 2022, abantu abayi-1,600.I-US Steel nezinye izinkampani zamapayipi ashiselwe eziningana ezincintisanayo zifake uphenyo olumelene nokulahlwa kokulahlwa kwepayipi lemithombo kawoyela evela eMexico, e-Argentina naseRussia, kanye nophenyo olumelene noxhaso eRussia naseNingizimu Korea.Umnyango Wezohwebo wase-US wamukele isiphakamiso sokuvula uphenyo, futhi Ikhomishini Yezohwebo Yamazwe Ngamazwe Yase-US izokhipha isinqumo sokuqala somonakalo ngomhlaka-19 Novemba.
Sikholelwa ukuthi lesi sicelo asinasisekelo futhi sizokungabaza ngokungathí sina noma isiphi isiphakamiso sokuthi ukungenisa kwethu kulahlwa noma kulimaza noma kusongela imboni yasendaweni - siyaxolisa ngokulimaza abakhiqizi basekhaya.Eminyakeni eyi-15 edlule, i-Tenaris itshale imali eningi kunanoma iyiphi enye inkampani ekuthengeni nasekukhuliseni ukuze kwakhiwe uhlelo lokukhiqiza lwe-OCTG oluqhudelanayo e-United States.Yize singeke sikwazi ukubikezela umthelela walolu phenyo, siyaqiniseka ukuthi singaqhubeka sisebenzela amakhasimende ethu ngaphandle komphumela ongaba khona.Namuhla ekuseni simemezele kubasebenzi bethu base-Japan ukuthi kuyadabukisa ukuthi thina nozakwethu i-JFE sinqume ukuqeda ubambiswano lwethu oluyimpumelelo ne-NKKTubes futhi sivale imboni yethu yamapayipi angenamthungo ngoJuni 2022. Lokhu kulandela isimemezelo sangaphambilini se-JFE ngo-June 2020 sokuvala i-Keihin. isigayo sensimbi, lapho isikhungo sethu sikhona, esihlinzeka ngensimbi nezinkonzo eziyisisekelo [ezingezwakali].I-NKKTubes ibe negalelo elikhulu ku-Tenaris ngisho ne-JFE eminyakeni engu-20 edlule, kodwa ukuvalwa kwayo kuseduze.Ngemva kokuvalwa kwesikhungo, sizobe sikhiqiza imikhiqizo ephezulu ye-chromium alloy i-NKKTubes eyinikeza amakhasimende emhlabeni wonke endaweni yethu yezimboni.I-JFE izosisekela kulolu shintsho ngomoya oyisibonelo wokubambisana ohlale ujwayelekile emabhizinisini ahlanganyelwe.Izisebenzi zethu eJapane zibonise ukubekezela okukhulu lapho senza lesi simemezelo ekuseni futhi sizobasekela ezinyangeni ezizayo.
Ngo-Okthoba, sanweba ubudlelwano bethu obunesikhathi eside no-Sandvik ukuze sinikeze i-CRA noma amapayipi ensimbi engagqwali eminye iminyaka emihlanu.Lapha sihlanganisa ubuchwepheshe be-Sandvik obubalulekile kanye nekhono lethu lokuxhuma i-premium kanye nobuchwepheshe be-Dopeless ukuze kufakwe lawa mapayipi akhethekile [kwinqubo yesiphakamiso] yethu.Lena ingxenye yemakethe ekhulayo.E-Qatar, sithole inkontileka ka-$330 million yokuhlinzeka ngamapayipi ashiselwe nangenamthungo okuhambisa igesi ngaphansi kwezinkontileka ze-LNG.Ukulethwa kuhlelwe ukuthi kuqale engxenyeni yesibili ka-2020. Lokhu kuhambisana nezinkontileka zethu ezikhona zokuhlinzekwa kwamapayipi e-OCTG esifundeni.Lokhu kwandisa ibhuku lethu loku-oda e-Middle East, umthelela walo ozobonakala emiphumeleni yethu kusukela ngekota yesibili ka-2022. E-Argentina, sivumelene ne-YPF ukwelula isivumelwano sethu sesikhathi eside sokuqinisa ama-rigs ethu amanye angu-5. iminyaka yenkonzo eqondile kusukela zingama-22 kuMbasa.Siyaqhubeka nokuqhubekisela phambili izinhlelo zethu zokunciphisa ukushuba kwekhabhoni ekusebenzeni kwethu.Siphothula ukutshalwa kwezimali ukuze sinwebe ububanzi besayizi yesigayo sethu esinobubanzi obumaphakathi e-Dalmina ukuze sihlanganise amapayipi afinyelela kububanzi obuyi-18″, okuholela ekongeni okukhulu kwamandla nokongiwa kwekhabhoni kulo mkhiqizo omkhulukazi.Sibheke ngenkuthalo ukutshala imali noma ukuthola amandla avuselelekayo ezitshalweni zethu eziningi emhlabeni jikelele, okuhlanganisa i-Italy, i-Argentina, i-Romania kanye ne-US.Ngesikhathi esifanayo, sinweba ukuthengiswa kwamathangi e-hydrogen ukuze kufakwe uphethiloli e-Europe nase-California, futhi siwine inkontileka ne-Air Products yokuthuthukisa ipayipi lokuhlinzeka nge-hydrogen e-Saudi Arabia.Esimweni esiyinselele nesishintsha ngokushesha, i-Tenaris igcwalisa izibopho zayo ngokuthuthukisa ukusebenza kwayo kwezezimali kanye nokugcina isikhundla esiqinile sokusekela amakhasimende ayo emhlabeni jikelele.
[Iziyalezo Zomsebenzi] Umbuzo wethu wokuqala uvela ku-Ian McPherson we-Piper Sandler.Ulayini wakho manje uyasebenza.
Sawubona.Ngiyabonga.Paolo, ngicabanga ukuthi wena - sixoxile ngekota edlule ukuthi ungalindela ukukhula kwemali engenayo okunamadijithi amabili okungaguquki engxenyeni yesithathu neyesine.Uyiphule ngekota yesithathu ngo-15%.Ingabe - ingabe ulethe noma iyiphi imali engenayo?Noma ingabe usalindele ukukhula kwemali engenayo enamadijithi amabili engxenyeni yesine?
Ngiyabonga Jan. Ngicabanga ukuthi kufanele sikhulise imali yethu engenayo futhi kuleli banga, ebangeni lentsha.Ngisho, imakethe ikhula ezifundeni ezahlukene, ikakhulukazi eNyakatho Melika.Ngakho sicabanga ukuthi singakwenza.Futhi ngicabanga ukuthi lo mkhuba ungase uqhubeke kwikota elandelayo.
KUHLE Ngakho-ke, lokhu kufana ne-ASP ekhula ngo-6% noma u-7% kwikota yesithathu, kanti okunye kuzobangelwa umthamo?Ngenxa yalokho, ukukhula kwamavolumu namanani kwaba ngokulinganayo.
Ngokuyisisekelo, kuzoba - mhlawumbe umehluko owengeziwe.Kepha njengoba ubona, ukukhula kwePipe Logix kule nyanga kube okubalulekile.Njengoba ushilo, lokhu kuzophinde kusekele kancane kancane ukukhula kwemali engenayo engxenyeni yesine kanye nekota yokuqala yonyaka ozayo.
KUHLE Lokhu kuyasiza kakhulu.Bese ngifuna ukubuza ngokuphela kweNCC.Ungakwazi ukukhuluma kancane ngokubaluleka kwebhizinisi elihlanganyelwe lase-Japan uma kuqhathaniswa nezinombolo zango-2021 nokuthi yini okufanele ngabe siyicabanga mayelana ne-spin-off ngemva maphakathi nonyaka ozayo?
Nokho, leli bhizinisi elihlanganyelwe laba negalelo elikhulu ngesikhathi lisungulwa ngo-2000. Ngaleso sikhathi, lisisize kakhulu ukuqedela uhla lwethu nokungena emakethe yaseJapane.Kodwa phakathi nonyaka odlule, ukukhiqizwa okuphelele kwehle kakhulu.Isamba sezinga lokukhiqiza ngonyaka odlule lalingaba amathani angu-50,000 ngonyaka.Ngomqondo othile, isixazululo samanje silinganiselwe, njengoba ngo-2020 i-JFE yanquma ukuvala isiza lapho isikhungo sethu sikhona, futhi ngeke kubize ngokushesha, kodwa ngo-2023, ukuhlinzekwa kwezindawo ezivaliwe zesikhungo, sibhekene akunakugwenywa - siphoqelekile nakanjani ukuthi senze lesi sinqumo.Ngeke ngisho ukuthi kunomthelela omkhulu eshidini lethu lebhalansi ngoba siphinde sibe nezinhlinzeko okungenzeka ukuthi ingxenye enkulu yezindleko ihlobene nalokhu kuvalwa.Inkinga izoba ukuthi sesilungele ukuphinde sigxile ekukhiqizeni, ikakhulukazi izinto zokusetshenziswa ezithuthukisiwe, kulo lonke uhlelo lwethu lwezimboni.
Yebo.ngibona kakhulu.Kuyathakazelisa, angiqiniseki ukuthi uzothini ngalesi sikhathi ngaphandle kokuphawula nje ngesivumelwano sohwebo esingase sibe khona.Ngokusobala ukugcizelele lokho ocabanga ukuthi kukufanele.Ingabe ikhona idatha ongayikhomba, noma idatha ethile yemboni ephakamisa noma esekela isikhundla sakho?
Yebo.Empeleni, ingabe ikhona idatha emisebenzini yakho noma emakethe esekela umbono wakho wokuthi isimangalo asinasisekelo.Empeleni nje uyazibuza ukuthi ungakwazi yini ukunweba kuze kufike lapho ungakwazi ukusekela isikhundla sakho.
Ngempela.Siyabonga Connor Well, ngokuvamile, kule minyaka eyi-15 edlule sitshale imali eningi e-US kukho kokubili ukuthengwa nokukhula okungezona izinto eziphilayo.Ngaphezu kokutholwa, sifake indawo entsha yobuciko eTexas.Utshalomali lwethu ludlula u-$1.8 billion.Singenelele ukuze sandise umthamo wezitshalo zangaphambili ze-Maverick ne-Hydril, kanye nalezo ezitholwe yi-IPSCO.Ngakho-ke sinamandla okukhiqiza aqinile e-US futhi sengeza ukukhiqizwa kwethu kwasendaweni ngokuthenga kwamanye amazwe noma imikhiqizo okuthi kwezinye izimo iphinde ibe nezingxenye ezishodayo noma ezinikezela ngemakethe yethu lapho kungekho khona ukukhiqiza kwendawo, ukukhiqizwa kwasekhaya, ukukhiqizwa kwasekhaya namanje akwanele, ukukhiqizwa kwasekhaya akwanele.Leso isimo sethu kulesi simo, kubuhlungu, asilimazanga okwangaphakathi [AKUNAudible] ngaphansi kwenkontileka.Siyingxenye ebalulekile yengaphakathi [elingezwakali].
Ngokuyisisekelo siyimicabango yethu kanye nentando yethu - izimpikiswano esizozenza ukuze sivikele isizathu sethu yi-DOC ngakolunye uhlangothi kanye nokulimala kwe-ITC ngakolunye.Sinecala eliqinile kakhulu.Ngesikhathi esifanayo, sikulungele ukwandisa umkhiqizo wasekhaya njengoba kudingeka - njengoba imakethe ekhulayo iqhubeka nokufuna - ngokwandisa isidingo semakethe.Njengoba ngishilo emazwini ami okuvula, besilokhu sihlanganisa kusukela ngo-Okthoba nyakenye - sizohlanganisa abasebenzi abangaphezu kuka-1,600 ukuze basekele ukwanda kokukhiqizwa ezikhungweni zethu.Lesi sixazululo sizimele kunoma iyiphi inkinga noma icala lokuhweba futhi sizothuthukiswa ukuze sinikeze amakhasimende ethu ukuphepha kokuhlinzekwa ngasohlangothini lwethu kuzo zonke izinkontileka esinazo.Amasayithi ayisishiyagalombili esiwasebenzisayo njengamanje, empeleni, amasayithi ayisishiyagalombili e-United States.Lawa ama-steelworks e-Bay City, i-Hickman ne-McCarthy, i-Baytown, i-Conroe, i-Koppel, kanye nepayipi likawoyela lase-Blytheville.Ngisho ukuthi, iwuhlelo oluthembeke kakhulu lokukhiqiza olungenamthungo nolushiselwe e-United States.Ngakho-ke uma sicabanga ukuthi icala lokuhweba alinasisekelo, sizolivikela ngamandla.Futhi ngokwentengo, ubone ukuthi iPipe Logix ikhuphuke ngo-98% uma kuqhathaniswa nonyaka odlule.Ngakho-ke kulesi simo, ukukhuphuka kwentengo ngamaphesenti angu-100 kunzima ukulungisa umonakalo.Ngaphezu kwalokho, njengoba wazi, izinkampani zensimbi zaseMelika manje zibonisa izinombolo zamarekhodi.Ngakho-ke sizozivikela noMnyango Wezobulungiswa ecaleni lokulimala komuntu siqu.
Lokhu ngiyabonga kakhulu ukwazisa umbala lapho.Ngakho-ke, ukunamathela emakethe yase-US, omunye wemibuzo esivame ukuyithola ukuthi i-HRC, amanani aphansi noma amanani aphezulu okushisela kuzoba yini isisusa sokuqala kabusha izimboni lapho.Uma unikezwe amakhono akho okushisela athuthukile, yini okudingeka uyibone emakethe ukuze unikeze izizathu zokuphinda wenze kusebenze noma yimaphi kulawa makhono?
Hhayi-ke, ukubonile ukwenyuka kwamanani okuqinile okuzogqugquzela ukwethulwa kwamapayipi ashiselwe, akukho ukungabaza ngalokho.Sizokwenza… sizokwenza ngo-Hickman.I-HRC isifinyelele iphuzu, mhlawumbe umkhawulo, futhi singacabanga ukuthi uma ubheka esikhathini esizayo, intengo ye-HRC ingase yehle ngandlela-thile ngokuhamba kwesikhathi phakathi no-2022. ukwethulwa kwamakhono.Kodwa-ke, uma sicabanga ukuthi isidingo siyakhuphuka - njengoba silindele ukuthi inani lama-rigs liqhubeke likhula kwikota elandelayo, silindele inani lama-rigs, futhi silindele inani lama-rigs, futhi amakhasimende ethu aqinisekisa leli phuzu lokubuka elinye. abahlaziyi.kusukela manje kuqhubeke, engeza ama-rigs ayi-100 engxenyeni yesibili ka-2022. Ngakho-ke, ngemakethe ekhulayo ye-OCTG, intengo yekhoyili eshisayo izokwehla kancane kancane esikhathini esizayo, futhi siyabona ukuthi izinhlobo ezishiselwe zizongena emakethe.Nokho, isidingo sizoqhubeka nokuminyanisa ukunikezwa.Ngokubona kwami, intengo izoqhubeka nokuguquguquka kwayo okuhle.
Sawubona.Ngakho-ke okokuqala ngqa esikhathini eside, ngikhumbula ukukhululwa kwakho kwabezindaba mayelana nokuthuthukiswa kolwandle ezindaweni eziningi.Uma ngikhumbula kahle, ibhizinisi eliqinile laphesheya kwezilwandle laliyisici esibalulekile ekuqhubekiseni amamajini e-EBITDA ngaphezu kwama-25% emjikelezweni wokugcina futhi asikaze sikubone lokho kusukela ngo-2014. Ngakho-ke, nilindele kangakanani ukubuyiselwa kolwandle ngo-2022?Uma bekufanele uqagele, sizosheshe sibone amamajini angaphezu kwama-25%?
Hhayi-ke, siyavuma ukuthi sibona ibhizinisi laphesheya kwezilwandle liqala ukusimama.Kusukela engxenyeni yokuqala yonyaka ozayo, singase sibone okuningi kwalokhu kubuyiselwa kuqala.Lokhu kuzoba ukugxuma kokuqala, kodwa ke inqubo izoqhubeka.Silindele ukuthi amaphrojekthi athile amakhulu enze izinqumo zokugcina zokutshala izimali ngo-2022 futhi kancane kancane athinte isikhundla sethu nokuthengisa noma isidingo engxenyeni yesibili ka-2022 no-2023. Kuthatha isikhathi.Namuhla sibona isithakazelo esengeziwe.Ibhizinisi laphesheya kwezilwandle liyavela, ikakhulukazi eLatin America, Mexico, Brazil naseGuyana.Kulezi zindawo, isibonelo, izimpawu zokululama seziqala ukubonakala.Kodwa ngicabanga ukuthi ngo-2023 nezinye izifunda zizojoyina - kuzoba namaphrojekthi amasha e-Eastern Hemisphere, e-Afrika, azoza ngezinqumo zokutshala izimali kanye nokwenziwa.Kulungile, uba ngcono...
enkulu.Njengenothi eseceleni embuzweni ka-Connor mayelana nebhizinisi lokuhweba, ungakwazi ukuchaza kancane ukuthi kungakanani okuthengiswayo kwakho kwase-US okwenziwa e-US njengamanje?Uma sicabanga ukuthi amafekthri akho ase-US aqala ukusebenza ngokugcwele, sizoba yini isidingo e-US - isidingo saseMelika salokho okuthengisayo, ongakukhiqiza endaweni?Ingabe zikhona izinhlobo zamapayipi ezingeke zikwazi ukukhiqizwa lapha futhi okufanele zingeniswe kwamanye amazwe?
Sawubona Igor.Mhlawumbe ulayini oseBuenos Aires awusebenzi, angazi, mhlawumbe uLuca noma uHerman bazowuphendula lo mbuzo.
Sisonke kulokhu.Yebo, ngiyabonga, Igor, futhi siseJalimane.Uma sivula kabusha ulayini osuka e-Buenos Aires, ngingasho, okokuqala, ukuthi sihlela ukudinga ukuthi sikwazi ngokuphelele ukusebenzela amakhasimende ethu akhona nakhulayo.Njengoba simemezele emasontweni ambalwa edlule, njengamanje sinesikhungo saseMelika lapho sihlele ukuqasha abantu abayi-1,000.Sinenani elifanayo lokukhulisa amakhono ethu angaphakathi.Igor, asivamisile ukudalula imvelaphi njll kodwa kufanele ucabange nge-Tenaris njengohlelo lwezimboni zomhlaba wonke olwakhe ngokwemvelo umthamo obalulekile wokukhiqiza wasekhaya njengoba simemezele ngokutshala imali engaphezu kwezigidigidi ezingu-10 zamaRandi.Iphinde igcwalise ukukhiqizwa okuvela kwezinye izingxenye zesistimu yezimboni zomhlaba wonke, futhi sihlose ukwenza kanjalo ngale ndlela.Sethemba ukuthi lokhu kuyixazulula inkinga yakho.
Ngiyabonga.Umbuzo wethu olandelayo uvela ku-Alessandro Pozzi waseMediobanca.Ulayini wakho manje uyasebenza.
Sawubona, ngiyabonga ngokwamukela umbuzo wami.Ushilo ukuthi engxenyeni yesine wawungabona - ukukhula eduze nobusha.Ngiyazibuza ukuthi mhlawumbe kulesi sigaba nani ninokuqonda kangcono izinga lokukhula kwekota yokuqala, futhi ngiyazibuza ukuthi kungenzeka yini ukwandisa izinga lokukhula ngekota yokuqala.Mhlawumbe njengokulandelela, ngikholelwa ukuthi usho ukuthi kusukela engxenyeni yesibili yonyaka ozayo, uzokwazi ukubona umthelela omuhle wokwanda kokuthengisa eMpumalanga Ephakathi.Ngiyazibuza ukuthi ungakwazi yini ukusitshela kabanzi mayelana nokululama okubona eMpumalanga Ephakathi nonyaka ozayo.
ngokuqinisekile.ngokuqinisekile.Ngenkathi sisalinde uPaolo, ngizophendula umbuzo wesibili mayelana neMpumalanga Ephakathi, lapho sibona ukucindezela okuqhubekayo kokumba.Kuze kube manje, sesibonile ukululama okuncane.Uma kuqhathaniswa nasekuqaleni konyaka, inani lemishini yokumba eMpumalanga Ephakathi lenyuke ngo-5% kuphela.Cishe sisengaphansi kwama-35% ngaphansi kwamazinga angaphambi kobhubhane, kodwa siyakubona lokhu kushintsha.Sibona ukwehla kwenani lama-rigs futhi silindele ukuthi ukumba kuzothatha isivinini ekupheleni kwalo nyaka kuze kube u-2022 ngokuhambisana nezinhlelo zokusebenzisa imali yokusebenza ukuze kuqoqwe futhi kukhuliswe umkhiqizo.Enye indawo ebalulekile ekhawulela imali yethu engenayo eMpumalanga Ephakathi ukushintsha kwesakhiwo sokuhlinzeka e-UAE.Uyazi ukuthi sithuthela ku-Rig Direct, ngakho-ke kukhona ukuncipha kohlu lwamagama.Ngaphezu kwalokho, kunegebe phakathi kwezinkontileka ezindala nezintsha zaseKuwait.Ngakho-ke lokho kuphinde kwathinta isidingo esisobala kumakota ambalwa adlule kanye namakota amabili alandelayo.Kulo mongo, njengoba ushilo, silindele ukuthi ukuthengisa kwethu eMpumalanga Ephakathi kuhlale kucishe kufane phakathi kwamakota amabili alandelayo uma kuqhathaniswa namakota adlule.
Kodwa, njengoba kushiwo ocingweni lokugcina, silindele ukuthi ukweqa okuhambisanayo kuqale ku-Q2 22 nangale kwalokho njengoba sinenani elibalulekile lezinkontileka ezisalindile esifundeni.Ukwengeza umbala kuwe, e-Saudi Arabia, sinikeze ukuthuthukiswa okungajwayelekile kwediphozi ye-Jafura.Sibonile ukuthi iSaudi Aramco iqale kanjani kabusha amaphrojekthi ambalwa amakhulu okunwetshwa phesheya kwezilwandle.E-Kuwait, sithole i-oda lethu lokuqala lokukhansela, okusishiya singaqiniseki mayelana nokudiliva ngekota yesibili yonyaka ozayo ngenxa yesikhuthazo seminyaka eminingi esiphawule ngaso ezingxenyeni ezimbalwa ezedlule.Ngaphezu kwalokho, umsebenzi e-UAE ubulokhu uthembisa, njengoba ukulethwa kwe-Rig Direct ku-ADNOC kuhlelwe ukwanda ngo-2022. Siphinde sabona ukuhlola kwegesi okuthakazelisayo e-UAE, hhayi e-Abu Dhabi kuphela kodwa nase-Ras Al Khaimah nase-Sharjah, okuyinselelo enkulu. imithombo edinga izingxube ezicebile.Okokugcina, emazwini akhe okuvula, uPaolo ukhulume neQatar, esanda kuwina inkontileka enkulu yepayipi laseQatari futhi yengeza i-OCTG kuphothifoliyo yethu yenkontileka.Siselapha futhi le makethe nayo izohlala iqinile kithi esikhathini esizayo.Ngakho-ke, ngikholwa ukuthi kusukela kwikota yesibili ka-2022 kuzoba khona ukugxumela phambili okuhambisanayo kanye nebhentshimark entsha eMpumalanga Ephakathi.
Silindele nini ukuthi i-Middle East ibuyele emazingeni angaphambi kwe-COVID-19?Ingabe i-2022 noma okuthile ngonyaka ozayo?
Yebo.Ngo-2022, lokhu kugxuma kufanele kusibuyisele emgqeni wemali engenayo ka-2020 futhi ngethemba ukuthi ngisho nango-2019, kodwa kulawa mazinga.
OKUHLE Uma sibuyela embuzweni wokuqala mayelana nokukhula kwemali engenayo okungase kube khona ngekota yokuqala, ingabe kufanele silindele ukukhula kwemali engenayo ngamadijithi amabili ekuqaleni kuka-2022?
OKUHLE Cha, yiwona mazwana engiwashilo ekuqaleni, silinganisela ukuthi ukukhula kwemali engenayo ngekota yokuqala ka-2022 kuzoba maphakathi nentsha.
Ngiyabonga.Umbuzo wethu olandelayo uvela kuFrank McGann eBhange LaseMelika.Ulayini wakho manje uyasebenza.
KULUNGILE, ngiyabonga kakhulu.Imibuzo emibili nje, uma ngingakwazi.Okokuqala, mayelana nalokho okubonile.Njengoba ushilo esikhathini esidlule, ushilo enkulumweni yakho yabezindaba ukuthi abakhiqizi abazimele yibona abayizisusa eziyinhloko zokukhula.Ngiyazibuza ukuthi kuhamba kanjani - ubona kanjani ukuthi iya phambili?Ingabe lokhu sekuqala ukushintsha?Ingabe ubona izinkampani eziningi zomphakathi ziqala ukuvula okungenani imali yazo kancane?Futhi-ke, ngokuya ngengcindezi yentengo oyibonayo, amanani ngokusobala akhuphuka ngokushesha kangangokuthi kubukeka sengathi angaphezulu kokuwenza, okuholele ekwenyukeni okukhulu kwevolumu.Kodwa - uyawubona umehluko wezindleko oqala ukuba yinkinga ngemuva kwamakota amabili noma amathathu?
Ngiyabonga Frank.Okokuqala, ngithanda ukucela uLuca Zanotti ukuthi aphawule ngokuthi izinkampani ezizimele nezikahulumeni zitshala imali ngendlela ehlukile kulezi zinsuku.
Yebo.Ngiyabonga Paul ngisho ukuthi, bheka, izibikezelo ezenziwa amakhasimende ethu zisasekelwe emananini ezimpahla, manje ezinomthelela ngokugcwele endaweni eyakha kakhudlwana esiyibonayo njengamanje.Ngakho lokhu kungase kushintshe.Esimeni samanje, siyabona ukuthi umkhakha ozimele usaqhubeka nokudlala indima enkulu kulokhu kukhula kwamandla.Kodwa-ke futhi, uma ufunda abazimele abakhulu, abazimele abakhulu bomphakathi, uzothola ukuthi basho ukuthi ikusasa lingashintsha kuye ngokuthi imvelo.Njengoba ngishilo, imvelo ibonakala yakha kakhulu kunakudala.Ngaphezu kwalokho, kunenye into okufanele icatshangelwe, ukuthi i-M&A isaqhubeka, okungenzeka futhi iguqule kancane umbono wekusasa.Ngethemba ukuthi lokhu kuzokusebenzela.Yebo.Ngiyabonga Luka.Mayelana nezindleko, wazi kahle ukuthi sidlula enkathini yokuguquguquka okukhulu ngenxa yezinguquko eziphawulekayo ezindlekweni zezinsimbi namandla, kanye nalokho okwenzeka eYurophu namuhla.Kodwa, isibonelo, ngokwezinsimbi, intengo yensimbi yenyuka ngokushesha okukhulu, futhi i-China yanquma ukusika ukukhiqizwa kwensimbi ngokuzumayo nangenani elikhulu kangangokuthi banciphisa intengo yensimbi kakhulu.Manje amalahle aya ebiza kakhulu, abiza kakhulu ngenxa yemikhawulo kanye nezingqinamba emkhakheni wezamandla.Umshado unyukile, kodwa muva nje inani lemali lehlile.Ngakho-ke kukhona ukuhlukanisa phakathi kwezinto eziguquguqukayo esasizisebenzisa ndawonye ngaphambili, ngakho-ke akulula ukubikezela.Kodwa okwamanje, izindleko - ezithethelela izindleko zezinto ezingavuthiwe, amandla, kanye nempahla - zisohlwini lwethu.Ngekota yesine, ngicabanga ukuthi umthelela ogcwele uzobonakala ezindlekweni zethu zokuthengisa.Inxeshezelwa, njengoba ushilo, ngokukhiqiza okuncane kanye nokufanisa okungcono.Uma ngibheka esikhathini esizayo, ngicabanga ukuthi ezinye zalezi ziguquko zizoba yinto evamile, isibonelo, silindele ukwehla kancane kancane kwezindleko zamandla, mhlawumbe ngemva kwentwasahlobo - intwasahlobo yaseYurophu, ngemva kobusika.Ngakho-ke ngisho nezindleko zizoba njalo - uchungechunge lokuhlinzeka luzophendula futhi singakwazi ukuqukatha okuncane kwalokhu kuphazamiseka okukhulu nokungazinzi esikubone enyangeni edlule.Embikweni wethu, ngicabanga ukuthi lokhu kuzobonakala ngokugcwele kwikota yesine kanye nekota yokuqala ka-2022.
Ngiyabonga.Umbuzo wethu olandelayo uvela kuStephen Gengaro waseStifel.Ulayini wakho manje uyasebenza.
Sibonga u.Sawubona.Sanibonani madoda.Uphendule kakhulu.Ngifisa ukwazi ukuthi lokhu kuhlobana kanjani nendaba yohwebo uma ucabanga ngokukhiqiza kwakho kwasekhaya noma kwase-US kuqhathaniswa nomkhiqizo ovela kwezinye izimakethe.Ngiyazi ukuthi awufuni ukuveza imininingwane yale miqulu.Kodwa uma ucabanga ngenzuzo yentengo engaba khona, ngiyazi ukuthi eminyakeni embalwa edlule, uma lezi zimo zenzeka, amanani emakethe yase-US avame ukukhuphuka.Uyini umthelela osele enzuzweni yakho.Ingabe ikhona indlela yokuchaza noma yikuphi ukusebenzisana phakathi kwezinzuzo zokukhiqiza zase-US nezintela zokunciphisa izindleko ezingena ezweni?
Hhayi-ke, uqinisile, njengakudala, lokhu kungase kuthinte intengo.Kodwa, njengoba wazi, amanani e-US abelokhu ekhuphuka ezinyangeni eziyi-13 ezedlule.Izinyanga nezinyanga, amanani ayakhuphuka futhi aqine njengoba amanani ePipe Logix enyuke ngo-12% ngenyanga edlule.Ngakho kukhona ukuthambekela phezulu amanani.Manje - ngalo mkhuba, noma yimiphi imikhawulo ye-supply-side noma ukuncishiswa kokungeniswa kwamanye amazwe, ikakhulukazi emikhiqizweni ye-niche, kungaholela ku-spike.Lokhu kungenzeka futhi.Kodwa kimi kubonakala sengathi izimpahla ziqinile.Ngokomthelela wezinhlu zezimpahla, izinhlu zezimpahla bezisezingeni eliphezulu ekuqaleni kwalo nyaka, okuthe ngezinga elithile kwehlisa ukukhuphuka kwentengo njengoba uhlu lwezimpahla lushintsha lusuka ekubeni ludingeka luye kokusetshenziswa.Manje i-inventories yehlisiwe yaba yizinyanga ezine, izinyanga ezi-4.5.Ngakho, izinga lamasheya livamile noma liphansi ezingeni elilindelekile lokusetshenziswa.Ngakho-ke lokhu nakho kuyinto ethinta kahle intengo.Ngakho-ke kubonakala kimi ukuthi ngisho naphezu kwecala lokuhweba, sizobona ukucindezela kwentengo.Futhi-ke, mhlawumbe, icala lokuhweba lingathethelela ukwanda okwengeziwe kwezinye izindawo zokusetshenziswa.
Ngiyabonga.Umbuzo wethu olandelayo uvela ohlwini lweVaibhava Vaishnava oluvela kuCocker Palmer.Ulayini wakho manje uyasebenza.
Sanibonani nonke futhi ngiyabonga ngokuphendula umbuzo wami.Okokuqala, kuyindaba nje yokucacisa.Ngicabanga ukuthi nina bafo niqondise ukukhula kwemali engenayo okumaphakathi kwe-Q4, kodwa benikhuluma futhi ngokukhula kwesilinganiso semali engenayo se-Q1 22?
Nakuba iMpumalanga Ephakathi iyisicaba.Ziqhutshwa yini?Ingabe amaningi awo eNyakatho Melika?Noma ziqhutshwa yini?
Yebo, iNyakatho Melika idlala indima.Futhi ngisho ukuthi eLatin America umsebenzi wokumba uyakhula.Amanani kawoyela alinganiselwa ku-$80 abalulekile uma kuqhathaniswa nalapho sasikhona ngonyaka odlule.Izintengo zegesi zase-US zilinganiselwa ku-$5 kanti i-LNG nayo isekela izinga eliphezulu lomsebenzi.Ngakho-ke iyashayela - iCanada iyisici.Uma ngikhuluma ngemali engenayo, ngifaka intengo.Ngakho uma kukhona ubungako, kunentengo.Inhlanganisela yevolumu nentengo, isidingo kanye nokuminyana, kuqhuba ukukhula kwemali engenayo.
Isikhathi sokuthumela: Jan-23-2023