Slide 1: Investor Presentation May 2017
Investor Presentation May 2017
Slide 2: Forward Looking Information
Forward Looking Information This presentation contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words "expect“, "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should",
Slide 3: Global Leader of Tubular Make-up Technologies
Global Leader of Tubular Make-up Technologies Supporting tubular Tubular make-up and data collection technology leader connection Long-term trend towards more complex well construction integrity Broadened portfolio, Global torque and tension sub (TTS) technology leader enhanced Technical expertise s
Slide 4: Competitive Advantages
Competitive Advantages Broadest platform of 3PS: Enhanced customer Global service and tubular make-up and installed product support with largest US equipment in the market, base; broadened portfolio testing facility global TTS leader of products and services Engineered solutions for complex applicat
Slide 5: Tubular Make-Up and Data Collection Technologies
Tubular Make-Up and Data Collection Technologies Hydraulic Power Tongs Typically used by service companies to apply weCATTTM torque to make-up / Wireless data break-out tubular on the monitoring of rig; also included in torque, turns and offshore rig packages hook load winCATT® Real-time tubular con
Slide 6: Full Aftermarket Participation
Full Aftermarket Participation POSITIONED TO MEET AFTERMARKET DEMAND CAPITAL EQUIPMENT RENTALS 6
Slide 7: Global Clients
Global Clients Tubular Running Contract Drillers/ Tubular & Threading Services Rig Technologies Companies 7
Slide 8: Increasing Number and Complexity of Connections
Increasing Number and Complexity of Connections Casing Joints Run Worldwide (millions) A connection occurs an 15 average of every 40 feet of well length 12 9 Higher pressure/temperature of offshore and deeper 6 onshore wells require 3 premium connections 0 A long (8,000-12,000 ft.) lateral well requ
Slide 9: Global Presence
Global Presence Corporate Headquarters Western Hemisphere Regional Centers Optimizing global and regional customer support throughout the Eastern Hemisphere Regional Centers equipment lifecycle 9
Slide 10: International Energy Market
International Energy Market 2,500 80,000 70,000 2,000 60,000 50,000 1,500 40,000 30,000 1,000 20,000 10,000 500 0 N.Am. Rigs Intl* Rigs N.Am. Wells Intl* Wells Spears & Associates Drilling and Production Outlook, December 2016; *Intl. market excludes Russia, China and Central Asia. 10
Slide 11: Presence in the International Energy Market
Presence in the International Energy Market Geographic Revenue (based on invoiced customer’s location) 2014 2015 2016 Canada Canada Canada 4% 7% 5% Intl. 43% Intl. Intl. 55% 61% U.S. U.S. U.S. 53% 38% 34% 61 63 53 Broad exposure to Countries international Invoiced markets 2014 2015 2016 11
Slide 12: Operating Environment
Operating Environment World Rig Count* (000s) Order Intake ($M) 4 40 3 30 2 20 1 10 0 0 *Baker Hughes worldwide rig count data 12
Slide 13: Quarterly Results ($millions)
Quarterly Results ($millions) Revenue 38.3 27.2 27.9 27.2 25.8 23.0 21.4 11.6 7.2 6.6 7.1 6.1 Q1/14 Q2/14 Q3/14 Q4/14 Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Adjusted EBITDA* 7.4 4.5 4.9 4.8 4.1 3.3 15% 17% 19% 18% 19% 15% 0% -35% -58% -77% -33% -26% of revenue -1.6 -2.4 -4.0 -4.1 -5.1 Q1/14
Slide 14: Quarterly Results ($millions)
Quarterly Results ($millions) Cash Working Capital CAPEX 27.5 75.0 67.6 21.9 22.2 57.1 57.1 20.6 20.0 54.8 1.0 0.2 0.1 0.0 0.6 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 Q4/15 Q1/16 Q2/16 Q3/16 Q4/16 14
Slide 15: 2017: Revenue Growth, Positive Adjusted EBITDA
2017: Revenue Growth, Positive Adjusted EBITDA Target aftermarket Enhanced product Take advantage of market opportunities and growth development recovery in strategic regions opportunities Leverage 3PS acquisition Move to assembly Additional merger and to build customer base production model acquisi
Slide 16: Financial Highlights
Financial Highlights as at April 30, 2017 Share price $1.95 52-week range $1.32 - $2.21 Shares outstanding ~27.7 million Options outstanding ~2.6 million Market capitalization ~$54 million 16
Slide 17: Global Leader of Tubular Make-up Technologies
Global Leader of Tubular Make-up Technologies Supporting tubular Tubular make-up and data collection technology leader connection Long-term trend towards more complex well construction integrity Broadened portfolio, Global torque and tension sub (TTS) technology leader enhanced Technical expertise s
Slide 18: Head Office: Edmonton, AB Canada
Head Office: Edmonton, AB Canada (780) 453-8451 info@mccoyglobal.com www.mccoyglobal.com TSX:MCB
Slide 19: Additional Information
Additional Information
Slide 20: Executive Team and Board of Directors
Executive Team and Board of Directors EXECUTIVE TEAM Jim Rakievich, ICD.D President & Chief Executive Officer and Director Jacob Coonan, MPAcc, CA Senior Vice President and Chief Financial Officer Kenny Watt Senior Vice President, Sales and Technology Suzanne Langier, CHRP Senior Vice President, Cor
Slide 21: Analyst Coverage
Analyst Coverage Canaccord Genuity John Bereznicki Calgary, Alberta Industrial Alliance Securities Elias Foscolos Calgary, Alberta Cormark Securities Jesse Pytlak Toronto, Ontario Paradigm Capital Jason Tucker Calgary, Alberta 21
Slide 22: Annual Financial Results ($millions)
Annual Financial Results ($millions) Adjusted EBITDA* Revenue Net Earnings from Continuing Operations 120.6 18% 5% (49%) 0.34 (0.40) (1.30) of revenue 81.8 per basic share 21.3 4.1 27.0 9.4 2016 2015 2016 2014 2015 2014 2015 2016 2014 -13.2 -11.0 *Adjusted EBITDA is a non-GAAP measure defined as net