THE ESSENTIAL — 2021 PROFILE 02 03 VALLOUREC TODAY

INNOVATION AS STANDARD, MOBILIZED AND RESILIENT IN OUR AGILITY AS OUR DNA RESPONSE TO THE CRISIS

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 1.6m €258m strong foundations. We are also embracing the future by seizing on the tremendous TONS OF TUBES SHIPPED IN 2020 EBITDA IN 2020 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.

2020 REVENUE

SETTING THE €3.2bn BENCHMARK FOR TUBULAR SOLUTIONS

for the energy sector and industry OFFERING A BROAD RANGE OF SOLUTIONS IN ALL OUR MARKETS

22.2% 27.8% North 16.4% Asia & America Europe Middle with products and services East for every segment, and from standard to CLOSE TO OUR premium quality CUSTOMERS 23.3% 10.3% South rest of the America world AN OPERATIONAL

PRESENCE IN AROUND

40

20+ 17,000 PRODUCTION+ COUNTRIES EMPLOYEES UNITS

"Naturally, our financial results for 2020 were impacted by the AT THE CUTTING EDGE OF INNOVATION unprecedented global health crisis. Nevertheless, Vallourec was able to successfully demonstrate its resilience and adaptability. Its high-quality products and services, renewed 5 competitiveness and team commitment RESEARCH AND TESTING provide a solid basis for its growth CENTERS going forward." in France, Germany, Brazil, and the USA 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 STRENGTHS AND ASSETS 04 05

BEYOND PRODUCTS... AN EXPERIENCE THE CORNERSTONES OF OUR 3 COMPETITIVENESS ENHANCED BY SERVICES By combining our conventional and premium tubes with an integrated Vallourec has a single ambition: to be the lead partner for all its customers worldwide. range of services, we work with, and for, our customers to design turnkey We use our cutting-edge industrial expertise and appetite for challenge to provide solutions that support every step in their value chain. 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: CENTRAL TO THE ENGINEERING TUBE LIFE CYCLE We work alongside our customers 1 FULLY MATURE INDUSTRIAL ROUTES on the design of their projects. SUPPLY CHAIN Project engineering services, technical training... Our global presence and industrial price. These are the strengths footprint position us in the most behind our industrial and We simplify and optimize all the processes involved attractive and resilient markets. commercial agility. in purchasing, delivery and This geographic equation means pipe preparation before we can meet demand wherever deployment on behalf of it is by providing the right high- Find out more on our customers. ASSET CONSTRUCTION Solutions for e-commerce, quality product with excellent ‘The Tube ’ integrated logistics—from We boost construction productivity, responsiveness and at the right manufacture through while guaranteeing structural integrity. to delivery—and backorder On-site assistance with assembly and installation, productivity management solutions and creation of the digital twin for the assembly

2 INNOVATION AS A PRIORITY We are leveraging our skills, infrastructures and new technologies to create an environment that encourages and facilitates innovation—which is, and LIFE OF FIELD will remain, our main focus—in ways that make a real difference for our customers and open up new opportunities for future growth. We optimize the productive life of our customers’ assets. Monitoring and analysis of data transmitted by sensors installed in the wells. New ultra-performance products that guarantee well integrity in even the most extreme conditions SERVICES 4.0 WITH SMARTENGO VAM® connections (VAM® SPRINT SF / VAM® SPRINT-FJ / VAM® SLIJ-3), coatings 1. Smartengo 2. Smartengo ® (CLEANWELL ), steel grades (X100, X80), etc. Traceability Inventory - Identifies products - Provides complete - Collects and analyzes inventory visibility data throughout their - Improves operational Solutions that create value throughout life cycle efficiency in the yard the life of the well, 70,000 pipes managed from design to construction and by the solution infrastructure operation, and from ordering to ongoing monitoring... Augmented pipes created by additive manufacturing, connected intelligent pipes, 3. Smartengo 4. Smartengo digital services... Running Expert Best Fit - Accelerates the running - Facilitates the traceability of casing and production and pairing of pipes for the pipes on the rig construction of pipelines Exploring new markets to prepare - Secures operations 25,000 pipes for the future Solution deployed assembled by the end New energies, low-carbon products and on 13,000 pipes of 2020 solutions to give tubes a second life...

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

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 06 07 COMMITMENTS

THE TRANSITION TO LOW-CARBON HIGH ENVIRONMENTAL AMBITIONS ENERGIES

THE FUTURE LIES IN DIVERSIFYING OUR SOURCES OF ENERGY. AT VALLOUREC, ENVIRONMENTAL RESPONSIBILITY In order to meet our COP21 targets, at the same time as creating new pathways IS A DAILY PRACTICAL REALITY. to long-term profitable growth, we are now putting our industrial excellence Preventing pollution, protecting biodiversity, limiting our use of natural resources,

gained in the Oil & Gas sector to work for the energy transition. making our equipment more energy efficient, reducing our 2CO emissions... Our teams worldwide are working to help build a sustainable and desirable future.

GEOTHERMAL HYDROGEN

46% 97% of the energy we of our waste consume comes from is recovered renewable sources

Providing high-performance solutions for Partnering customers at every link in the demanding environments (subject to corrosion, value chain (flowlines, underground storage, high temperatures, extreme depth, etc.). surface storage, mobility, asset reuse/repair VAM® 21, the latest generation of consulting, etc.). connections, used for the geothermal power Maximum seal performance thanks plant on Lake Assal, Djibouti. Guaranteed to the reliability delivered by VAM® up to 360°C! connections. 48% 57% of the steel we use of our products are has been recycled made in ISO 50001 from scrap certified sites CCUS SOLAR

96% of our products are TONS OF CO made in ISO 14001 1.661 2 per ton of tubes produced Contributing to the safe deployment of Designing and manufacturing steel structures certified sites CCUS (Carbon Capture, Utilization and for photovoltaic panel arrays to cope with all Storage) infrastructures. constraints. Already on board with 19 CCUS projects, The perfect combination of MSH hollow mostly in North America. 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.

OFFSHORE WIND "Shrinking our environmental footprint even faster is a priority at every level of the Group. We owe that to our people, Foundations, secondary structures and our customers, J-tubes for fixed and floating wind turbines, our partners, and installation vessels and cranes. future generations." Vallourec partnered with Aker Solutions to provide 340 tons of seamless hot-formed hollow sections for Equinor’s Hywind ÉDOUARD GUINOTTE, Chairman of the Board VALLOUREC IS COMMITTED TO Tampen floating wind project. of Directors and Chief Executive Officer FOUR OF THE UN SUSTAINABLE DEVELOPMENT GOALS

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 THEY MAKE VALLOUREC WHAT IT IS 08

OUR MEN AND WOMEN ARE THE HEART AND SOUL OF VALLOUREC

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.

HOURS OF TRAINING 135,000+ IN 2020

OF EQUITY CAPITAL HELD BY EMPLOYEES AT 3.03% THE END OF 2020

12 % 23% OF ALL EMPLOYEES ARE OF MANAGEMENT WOMEN ROLES WERE HELD BY WOMEN IN 2020

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

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.

REGISTERED OFFICE www.vallourec.com 27, avenue du Général-Leclerc A French limited company 92100 Boulogne-Billancourt (France) (société anonyme) with 552 142 200 RCS Nanterre a Board of Directors, with Tel.: +33 (0)1 49 09 35 00 a share capital of €4,578,568.56

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

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