Joel Johnson

Senior Vice President

Growth at Infinity 2012

2007

2006

2005

2001

1997

2009

2010

2011

1985

Opened a facility producing polyester, cotton, yarn and terry towels

Diversified into the pipe market – HSAW and LSAW pipe

Entered into the pipe coating business – Internal, FBE, Three Layer Coatings

• Commissioned new 350,000MT LSAW facility

• Acquired a power plant and setup a facility to produce thermo mechanical treated rebars, ingots and billets

• Installed two ERW pipe mills. • Supplied pipe for the Independence Trail project (GoM) – 8,000’ of water depth

• Oil and Gas Exploration in Thailand, Egypt and India • Acquired Christy, UK’s leading towel brand and exclusive supplier to

Wimbledon Tennis Championship

• Built the first combination Plate & Coil Mill in India – 2 million tons/year capacity

• Purchased an integrated steel and seamless tube mill

• First pipe produced in USA - new spiral pipe, coating and double joint facility commissioned in Little Rock, Arkansas

• Purchased the only natural gas-based DRI plant in India – on the path to ‘self supply’ of API steel

• Entered into solar and the renewable energy business • Acquired an infrastructure company – on the road to steel to pipe to

installation • Joint venture spiral pipe facility in Dammam, Saudi Arabia

• USA expansion in ERW pipe supply

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Group Products

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Little Rock, Arkansas • 740 acre site • Internal & External Coating, Double Jointing and Spiral pipe from 24” to 60” • Excellent logistics – rail, barge and truck

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• 13 Customer Approvals • Over 2,000 miles of pipe produced and/or coated since 2009

Little Rock, Arkansas

USA ERW Plant

Features 6” to 20” ERW and Coating

Line

Up to X-80

6 to 9 miles/day of output

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Drivers Abundance of shale activity

Increased growth for small diameter

Large amount of imports

Baker Hughes Rig Count

7 Source: Baker Hughes

Projected Energy Prices

Source: EIA outlook 2011 & The INGAA Foundation 2011 8

Current price is less than $3!!

Growth in production

Source: Annual Energy Outlook 2011 9

Little Rock

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Shale Production

Source: The INGAA Foundation 2011 11

Oil Production

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US Crude Oil Production – Lower 48 (million barrels per day)

Mbp

d

Source: EIA, Annual Energy Outlook 2011 – Reference Case

Shale Plays Breakeven point

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US Line Pipe: Import vs Domestic < 24”

Source: Steelfacts, Preston Pipe & Hatch Beddows estimates

Miles of new Pipeline

15 Source: The INGAA Foundation 2011

Storage:

Enhanced Oil Recovery (EOR):

CO2 is taken from refineries as well as other industrial plants and injected into the oil well to lower its viscosity and improve the flow rate.

This technology is used as way to increase the amount of oil that can be extracted from an oil field.

20 – 40% more oil is recovered using this method

Look to the Future: Carbon Sequestration & Storage

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Hurdles to the industry…your help needed!!

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THANK YOU !

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