Mccoy Global Inc. · TSX:MCB
Mccoy Global — Investor Presentation (January 2024)
16 slides from Mccoy Global's investor presentation, January 2024
Slide 1: Investor Presentation
Investor Presentation January 2024 www.mccoyglobal.com Page
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements and forward- By its nature, such forward-looking information is subject to various looking information within the meaning of applicable securities laws. risks and uncertainties, which could cause McCoy's actual results
Slide 3: Opportunity Highlights
Opportunity Highlights Global provider of TRS equipment & technology with a long history of innovation: •50+ years industry operations •Global brand recognition among blue chip companies •Broadest product and service offering among competitors Profitable and capital efficient business: •Pristine bal
Slide 4: Global TRS Equipment and Technology Leader
Global TRS Equipment and Technology Leader Page 04
Slide 5: Tubular Running Services Today
Tubular Running Services Today Industry Overview $1B IN ANNUAL LABOR COSTS Representing ~50% of total TRS operating costs McCoy is an innovator that through its technologies and solutions enables Tubular Running Services (TRS) providers to efficiently and safely connect steel pipe sections (casing)
Slide 6: Global Leader
Global Leader McCoy is a leading independent provider of equipment, technologies, and solutions. ~40% ~60% • 30+ year track record supplying technologies to the TRS industry • Annual sales in 50+ countries globally Corporate Headquarters Western Hemisphere Regional Centres Eastern Hemisphere Regiona
Slide 7: Broadest Product and Service Offering in the Industry
Broadest Product and Service Offering in the Industry Experienced and Trusted Technical Support in Key Eastern Hemisphere Markets Select Tubular Running Services Equipment and Technologies FOOT PRINT IN EASTERN COMPANY HYDRAULIC POWER TONGS CRT DATA ACQUISITION HANDING EQUIPMENT HEMISPHERE Competito
Slide 8: Financial Highlights
Financial Highlights Page 08
Slide 9: Financial Performance
Financial Performance Demonstrated operating leverage and fiscal discipline, with minimal maintenance capex requirements 14,000 80,000 Adjusted EBITDA 12,000 positive 70,000 Adjusted EBITDA (TTM), 000's CAD throughout 2023 Available cashflow1 (000’s of CAD) 2019 2020 2021 2022 Revenue (TTM), 000’s C
Slide 10: Product and Service Offering
New technologies and aftermarket sales account for a Product and Service Offering substantial portion of overall revenues at favorable margins Products & Service Offering Overview % of 2023 YTD Revenue Margin Profile Capital Equipment & Technologies Conventional and smart tools designed to make-up
Slide 11: New Technologies Provide Significant Upside Potential
New Technologies Provide Significant Upside Potential Page 11
Slide 12: Tubular Running Services
Tubular Running Services McCoy is Ideally Positioned to Address Industry Challenges National Oil companies are looking for more independence from large multinational service providers. Local content and integrated drilling and tubular running services are becoming priorities. Lack of reliable and sk
Slide 13: Industry Step Change for TRS
Industry Step Change for TRS Significantly reduce the cost of running casing through technology while increasing efficiency, safety and wellbore integrity. Conventional TRS using Conventional TRS TRS using McCoy’s smarTR McCoy’s Smart Technologies Remove need for expertise through technology Remove
Slide 14: Barriers to Entry on First to Market Technologies
Barriers to Entry on First to Market Technologies Received first The capital outlay required to develop new products is largely behind us. orders for the newly developed a smartCRT. Complete the Received first Acquired DrawWorks in Boling, development of the orders for the TX – manufacturer of tubul
Slide 15: The Only Integrated Technology Solution
The Only Integrated Technology Solution McCoy is the only competitor with the full suite of technologies for smarTR Technologies required for smarTR integrated casing running system FOOT PRINT IN EASTERN COMPANY HYDRAULIC POWER TONGS CRT DATA ACQUISITION HANDING EQUIPMENT HEMISPHERE Competitor A Com
Slide 16: Focus on Shareholder Returns
Focus on Shareholder Returns Positioning the business to achieve double-digit returns on invested capital through a cycle. Share price (January 10, 2024) (C$/sh) 1.97 Fully Diluted shares outstanding (mm) 26.95 Market Capitalization (C$ mm) 53.10 Completed the Corporation’s normal course issuer bid