THE ESSENTIAL—

2021

2020 REVENUE

TONS OF TUBES SHIPPED IN 2020 EBITDA IN 2020

€3.2bn

1.6m €258m

PROFILE 02 03 VALLOUREC TODAY

AS A LEADING SUPPLIER OF SMART, SUSTAINABLE TUBULAR SOLUTIONS, we design tailor-made products and solutions to meet the needs of our customers in any environment, from the most conventional to the most extreme, backed up by a broad range of field and digital services. As a leading player in the Oil & Gas and Industry markets, our business is underpinned by strong foundations. We are also embracing the future by seizing on the tremendous opportunities opened up by the digital revolution, and committing ourselves to low-carbon energy. Innovative and agile, we are leading the technological and environmental transformation of our industry from the front.

for the energy sector and industry

with products and services for every segment, and from standard to premium quality

5RESEARCH AND TESTING CENTERS

in France, Germany, Brazil, and the USA

INNOVATION AS STANDARD, AGILITY AS OUR DNA

MOBILIZED AND RESILIENT IN OUR RESPONSE TO THE CRISIS

"Naturally, our financial results for 2020 were impacted by the unprecedented global health crisis. Nevertheless, Vallourec was able to successfully demonstrate its resilience and adaptability. Its high-quality products and services, renewed competitiveness and team commitment provide a solid basis for its growth going forward."

SETTING THE BENCHMARK FOR TUBULAR SOLUTIONS

OFFERING A BROAD RANGE OF SOLUTIONS IN ALL OUR MARKETS

CLOSE TO OUR CUSTOMERS

AT THE CUTTING EDGE OF INNOVATION

AROUND

17,000EMPLOYEES

AN OPERATIONAL PRESENCE IN

20+

COUNTRIES

40+ PRODUCTIONUNITS

22.2% North

America

23.3% South

America

16.4% Europe

27.8% Asia & Middle East

10.3% rest of the

world

ÉDOUARD GUINOTTE, Chairman of the Board of Directors and Chief Executive Officer

A WORLD FIRST: VALLOUREC HAS PROVIDED TOTALENERGIES WITH A 3D-PRINTED CRITICAL COMPONENT FOR ITS ELGIN-FRANKLIN WELL IN THE NORTH SEA // FIELD DEPLOYMENT OF THE FIRST INTELLIGENT PIPE // WITH MORE THAN 1 MILLION JOINTS INSTALLED, VAM® 21 IS NOW THE CONNECTION OF CHOICE FOR OIL COMPANIES WORLDWIDE

Our global presence and industrial footprint position us in the most attractive and resilient markets.This geographic equation means we can meet demand wherever it is by providing the right high-quality product with excellent responsiveness and at the right

price. These are the strengths behind our industrial and commercial agility.

Find out more on ̔The Tube ̓

STRENGTHS AND ASSETS

THE CORNERSTONES OF OUR COMPETITIVENESS

INNOVATION AS A PRIORITY

Vallourec has a single ambition: to be the lead partner for all its customers worldwide. We use our cutting-edge industrial expertise and appetite for challenge to provide our customers with precisely the right solutions, regardless of their markets, operating regions, technical constraints or regulatory regimes. This proactive capability is consolidated around three performance-boosting factors:

BEYOND PRODUCTS... AN EXPERIENCE ENHANCED BY SERVICESBy combining our conventional and premium tubes with an integrated range of services, we work with, and for, our customers to design turnkey solutions that support every step in their value chain.

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We are leveraging our skills, infrastructures and new technologies to create an environment that encourages and facilitates innovation—which is, and will remain, our main focus—in ways that make a real difference for our customers and open up new opportunities for future growth.

New ultra-performance productsthat guarantee well integrity in even the most extreme conditions

VAM® connections (VAM® SPRINT SF / VAM® SPRINT-FJ / VAM® SLIJ-3), coatings (CLEANWELL®), steel grades (X100, X80), etc.

Solutions that create value throughout the life of the well, from design to construction and infrastructure operation, and from ordering to ongoing monitoring...

Augmented pipes created by additive manufacturing, connected intelligent pipes, digital services...

Exploring new markets to prepare for the future

New energies, low-carbon products and solutions to give tubes a second life...

SERVICES 4.0 WITH SMARTENGO

CENTRAL TO THE TUBE LIFE CYCLE

As well as an e-commerce platform for Vallourec products and services delivered on demand worldwide.

- Facilitates the traceability and pairing of pipes for the construction of pipelines

25,000 pipes assembled by the end of 2020

4. Smartengo Best Fit

- Accelerates the running of casing and production pipes on the rig- Secures operations

Solution deployed on 13,000 pipes

3. Smartengo Running Expert

- Provides complete inventory visibility - Improves operational efficiency in the yard

70,000 pipes managed by the solution

2. Smartengo Inventory

- Identifies products - Collects and analyzes data throughout their life cycle

1. Smartengo Traceability

FULLY MATURE INDUSTRIAL ROUTES 1

2

ENGINEERING

We work alongside our customers on the design of their projects.Project engineering services, technical training...SUPPLY CHAIN

We simplify and optimize all the processes involved in purchasing, delivery and pipe preparation before deployment on behalf of our customers.Solutions for e-commerce, integrated logistics—from manufacture through to delivery—and backorder management

ASSET CONSTRUCTION

We boost construction productivity, while guaranteeing structural integrity.On-site assistance with assembly and installation, productivity solutions and creation of the digital twin for the assembly

LIFE OF FIELD

We optimize the productive life of our customers’ assets.

Monitoring and analysis of data transmitted by sensors installed in the wells.

04 05

SUCCESSFUL ROLLOUT OF SMARTENGO SOLUTIONS ON CUSTOMER SITES: SUBSEA7, TECHNIP FMC, GALFAR AL MISNAD, PETROBRAS, ADNOC, TOTALENERGIES, CHEVRON, EXXONMOBIL, SHELL, BHP AND MANY OTHERS // SMARTENGO RECEIVED THE IMA BUSINESS PERFORMANCE AWARD FOR 2020

NEW TERRITORIES COMMITMENTS

THE FUTURE LIES IN DIVERSIFYING OUR SOURCES OF ENERGY.In order to meet our COP21 targets, at the same time as creating new pathways to long-term profitable growth, we are now putting our industrial excellence gained in the Oil & Gas sector to work for the energy transition.

AT VALLOUREC, ENVIRONMENTAL RESPONSIBILITY IS A DAILY PRACTICAL REALITY. Preventing pollution, protecting biodiversity, limiting our use of natural resources, making our equipment more energy efficient, reducing our CO2 emissions... Our teams worldwide are working to help build a sustainable and desirable future.

THE TRANSITION TO LOW-CARBON ENERGIES

HIGH ENVIRONMENTAL AMBITIONS

Providing high-performance solutions for demanding environments (subject to corrosion, high temperatures, extreme depth, etc.).

VAM® 21, the latest generation of connections, used for the geothermal power plant on Lake Assal, Djibouti. Guaranteed up to 360°C!

Contributing to the safe deployment of CCUS (Carbon Capture, Utilization and Storage) infrastructures.

Already on board with 19 CCUS projects, mostly in North America.

Partnering customers at every link in the value chain (flowlines, underground storage, surface storage, mobility, asset reuse/repair consulting, etc.).

Maximum seal performance thanks to the reliability delivered by VAM®

connections.

Designing and manufacturing steel structures for photovoltaic panel arrays to cope with all constraints.

The perfect combination of MSH hollow sections and the flexibility of our PREON® box design tool won over the French company Vertsun for the supply of tubular solutions for its solar photovoltaic farm structures.

VALLOUREC IS COMMITTED TO FOUR OF THE UN SUSTAINABLE DEVELOPMENT GOALS

Foundations, secondary structures and J-tubes for fixed and floating wind turbines, installation vessels and cranes.

Vallourec partnered with Aker Solutions to provide 340 tons of seamless hot-formed hollow sections for Equinor’s Hywind Tampen floating wind project.

GEOTHERMAL

CCUS

OFFSHORE WIND

HYDROGEN

SOLAR

1.661TONS OF CO2 per ton of tubes produced

2020: AN AWARD-WINNING ENVIRONMENTAL COMMITMENT THAT SENDS A STRONG SIGNAL OF CONFIDENCE FOR OUR CUSTOMERS! // RATED "A-" BY THE CARBON DISCLOSURE PROJECT (CDP) AND "A" BY LEADING NON-FINANCIAL RATINGS AGENCIES // ECOVADIS GOLD MEDAL FOR 2019 // SCIENCE-BASED TARGETS INITIATIVE (SBTI) RECOGNITION OF OUR CARBON AMBITIONS BASED ON THE PARIS CLIMATE AGREEMENT // CDP INCLUDES VALLOUREC ON ITS SUPPLIER ENGAGEMENT LEADERBOARD

97% of our waste is recovered

57% of our products are made in ISO 50001 certified sites

46% of the energy we consume comes from renewable sources

48% of the steel we use has been recycled from scrap

96% of our products are made in ISO 14001 certified sites

"Shrinking our environmental footprint even faster is a priority at every level of the Group. We owe that to our people, our customers, our partners, and future generations."

06 07

ÉDOUARD GUINOTTE, Chairman of the Board of Directors and Chief Executive Officer

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THEY MAKE VALLOUREC WHAT IT IS

VALLOUREC IS PRIMARILY A GROUP OF PASSIONATE PEOPLE FULLY COMMITTED TO THEIR SHARED PURPOSE.The expertise and diversity of our people are key to our current and future successes.

OUR MEN AND WOMEN ARE THE HEART AND SOUL OF VALLOUREC

Vallourec University has been supporting our transformation strategy for ten years.Its missions are to pass on the culture of the Group together with a common set of core interpersonal skills (leadership, management, etc.), and to train our people for the careers of tomorrow. 70% of Vallourec employees across all our business lines and operating regions have already completed at least one training course! Training is a practical and effective lever for attracting new people and retaining our existing talent.

VALLOUREC UNIVERSITY: A SPRINGBOARD TO THE FUTURE FOR EVERYONE IN THE COMPANY!

Design and production: - Photo credits: iStock, Philippe Dureuil, Thiago Fernandes, Renzi Tommaso, Philippe Zamora, Rachel Blacke/EyeEM, Dimitri Palubiatka, The Noun Project, Vallourec Mediacenter.

REGISTERED OFFICE27, avenue du Général-Leclerc92100 Boulogne-Billancourt (France)552 142 200 RCS NanterreTel.: +33 (0)1 49 09 35 00

www.vallourec.comA French limited company (société anonyme) with a Board of Directors, with a share capital of €4,578,568.56

3.03%

135,000+

12% 23%

HOURS OFTRAININGIN 2020

OF MANAGEMENT ROLES WERE HELDBY WOMEN IN 2020

OF EQUITY CAPITAL HELD BY EMPLOYEES AT THE END OF 2020

OF ALL EMPLOYEES ARE WOMEN

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