Mccoy Global Inc. · TSX:MCB
Mccoy Global — Investor Presentation (February 2020)
25 slides from Mccoy Global's investor presentation, February 2020
Slide 1: Investor Presentation February 2020
INVESTOR PRESENTATION February 2020 1/
Slide 2: Forward-Looking Information
FORWARD-LOOKING INFORMATION This presentation contains forward-looking statements and forward- experience to differ materially from the anticipated results or looking information within the meaning of applicable securities laws. expectations expressed. These risks and uncertainties, include, but are
Slide 3: Who We Are
WHO WE ARE Our Vision Our People Our Customers McCoy Global’s vision is to be We are a highly talented team of Service Companies: recognized as the trusted partner engineers, sales leaders, product delivering Smart Solutions for rugged delivery specialists & support applications. personnel. Our core
Slide 4: Corporate Highlights
CORPORATE HIGHLIGHTS Innovative Technologies World leader in tubular make-up, innovative equipment for progressively complex wells Global Customer Sales, rental, expert field service and engineering support for customers across the globe Reach Technology- Focused Developing data-driven solutions for
Slide 5: Innovative Technologies
Innovative Technologies 5/ MCCOY GLOBAL
Slide 6: Digital Technologies: Data Acquisition
DIGITAL TECHNOLOGIES: DATA ACQUISITION Real-time remote monitoring enables centralized decision-making capability Largest market share and installed base in the world 6/
Slide 7: Current Technologies: Equipment
CURRENT TECHNOLOGIES: EQUIPMENT High-spec equipment for making up premium connections Largest market share and installed base in the world 7/
Slide 8: Global Customer Reach
Global Customer Reach 8/ CCOY GLOBAL
Slide 9: Global Customer Support
GLOBAL CUSTOMER SUPPORT PARTICIPATE IN THE PRODUCT LIFE-CYCLE Aftermarket/consumables Equipment rentals Preventative maintenance, Reduce equipment calibration and repair downtime Commissioning and Reduce customers’ customer training capital risk 9/
Slide 10: Global Brand Presence
GLOBAL BRAND PRESENCE Corporate Headquarters Western Hemisphere Regional Centers Eastern Hemisphere Regional Center 10 /
Slide 11: Technology-Focused Growth
Technology-Focused Growth 11 /
Slide 12: Challenges Our Customers Face
CHALLENGES OUR CUSTOMERS FACE Increasing Volatile Capital Safety & Smaller Skilled Increasing Commodity Constraints Environmental Labour Pool Competition Prices Requirements REDUCE THE COST PER BARREL 12 /
Slide 13: Vision: Data-Driven Solutions
VISION: DATA-DRIVEN SOLUTIONS AUTOMATION: SAFER, MORE ACCURATE AND EFFICIENT TUBULAR MAKEUP AT A LOWER COST TO THE CUSTOMER 13 /
Slide 14: Digital Technology Roadmap: Smart Casing Running Package
DIGITAL TECHNOLOGY ROADMAP: SMART CASING RUNNING PACKAGE LETTER OF INTENT FR DRAWWORKS LP ACQUISITION ANNOUNCED AUGUST 30, 2019 Casing Running Tool (“CRT”) Torque and Tension Data Sub (“MDS”) Hydraulic Power Tong a Flush Mount Spider (“FMS”) a a 14 / Torque Turn System (“MTT”)
Slide 15: Digital Technology Roadmap: Organic Approach
DIGITAL TECHNOLOGY ROADMAP: ORGANIC APPROACH VIRTUAL THREAD-REP PRODUCT COMPLETION 15 /
Slide 16: Digital Technology Roadmap: Accelerated Offering
DIGITAL TECHNOLOGY ROADMAP: ACCELERATED OFFERING DRAWWORKS LP ACQUISITION CLOSED OCTOBER 2, 2019 DrawWorks – Innovative equipment offerings (complementary to McCoy) – Strong engineering talent & expertise – Growth constrained by limited sales & marketing channel – Newly developed casing solutions ar
Slide 17: Financial Strength
Financial Strength 17 /
Slide 18: Quarterly Results ($Millions)
QUARTERLY RESULTS ($MILLIONS) 13.9 14.8 15.2 Revenue 13.5 10.1 11.2 10.4 11.5 2.2 0.7 0.8 0.7 Adjusted EBITDA* -0.1 -0.9 -0.5 -0.8 Adjusted EBITDA* as a % of -9% -4% -8% +5% +6% +5% -1% +14% Revenue Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 *Adjusted EBITDA is a non-GAAP measure defined as net
Slide 19: Quarterly Results: Orders Received and Backlog
QUARTERLY RESULTS Orders Received Backlog ($ Million) ($ Million) 17.2 17.0 15.7 15.4 15.0 12.7 12.5 12.7 12.1 11.6 10.1 9.9 9.8 10.1 8.7 9.4 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 Q4/17 Q1/18 Q2/18 Q3/18 Q4/18 Q1/19 Q2/19 Q3/19 Subsequent to September 30, 2019, McCoy Global assumed $2.0 mi
Slide 20: Leading Indicators
LEADING INDICATORS International vs. North American Rig** 700 Footage Drilled** & Well Counts 4,000 90,000 600 3,500 80,000 500 70,000 3,000 Number of Wells in millions of feet Number of Rigs 60,000 400 2,500 50,000 2,000 300 40,000 1,500 30,000 200 1,000 20,000 100 500 10,000 - - - * * * 10 12 14 1
Slide 21: Financial Highlights
FINANCIAL HIGHLIGHTS Share price $0.51 52-week range $0.41 - $1.27 Shares outstanding 27.6 million Options outstanding 1.2 million Market capitalization $14.1 million Active Normal Course Issuer Bid June 5, 2019 – June 4, 2020 21 /
Slide 22: Corporate Highlights
CORPORATE HIGHLIGHTS Global Technology- Innovative Financial Customer Focused Technologies Strength Reach Growth 22 /
Slide 23: Executive Team and Board of Directors
EXECUTIVE TEAM AND BOARD OF DIRECTORS Jim Rakievich, ICD.D President & Chief Executive Officer; Corporate Director Lindsay McGill, CPA, CA Vice President & Chief Financial Officer Bing Deng, BSc Vice President, Sales and Marketing Corporate Director; Head of Investments, ATB Capital; Chairman, Magnu
Slide 24: Analyst Coverage
ANALYST COVERAGE Industrial Alliance Securities Elias Foscolos Calgary, Alberta Paradigm Capital Jason Tucker Calgary, Alberta 24 /
Slide 25: Investor Presentation
INVESTOR PRESENTATION February 2020 25 /