Mccoy Global Inc. · TSX:MCB
Mccoy Global — Investor Presentation (March 2021)
26 slides from Mccoy Global's investor presentation, March 2021
Slide 1: Investor Presentation
Investor Presentation March 2021 1 Leading The Way
Slide 2: Forward-Looking Information
Forward-Looking Information 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. The risks and uncertainties, which could cause McCoy's actual res
Slide 3: Leading The Way
Leading The Way 3 Unmatched Expertise Purposeful Innovation Global Leader Trusted Partner Enduring Value
Slide 4: About Us: Our Vision
About Us Our Vision McCoy Global’s vision is to leverage our global reputation of unparalleled expertise and trusted partnerships to transform tubular running operations; delivering unmatched safety and efficiency while reducing environmental impact through Smart Solutions 4
Slide 5: About Us: End-To-End Solutions
About Us Our Differentiator 5 End-To-End Solutions We have a unique combination of mechanical, sensor, software and application expertise that are combined to provide an integrated product and technology offering. #Team1McCoy
Slide 6: About Us: Our Customers
About Us Our Customers Service Companies: Drilling Contractors: 6 Thread Manufacturers and OEMs
Slide 7: About Us: Our Strategy
About Us Our Strategy 7 SmarTRTM – McCoy Global’s Smart Tubular Running System
Slide 8: Challenges Our Customers Face
Challenges Our Customers Face Increasing Safety & Environmental Requirements High Cost of Labour Lack of Expertise Highly Competitive Market 8
Slide 9: McCoy Global's Smart Tubular Running System
McCoy Global’s Smart Tubular Running System Virtual Smart Casing Smart Flush Smart Tailing Smart Tong ThreadRepTM Running Tool Mount Spider and Stabbing Arm a a a a 9 Safety Expertise Efficiency Wellbore Integrity
Slide 10: Opportunity - $2 billion addressable TRS market
Opportunity - $2 billion addressable TRS market Est. $1.2 billion Highly fragmented land and shelf tubular running services (TRS) market > 100 players (2019) Conventional Land & Shelf SmarTRTM - McCoy Global’s Casing Running Smart Tubular Running System. Est. Est. $400 million of labour cost (2019)
Slide 11: Opportunity - $2 billion addressable TRS market (offshore)
Opportunity - $2 billion addressable TRS market deep water offshore Tubular Running Services (TRS) market Est. $800 million dominated by two major players with proprietary technology (2019) Current Offshore TRS SmarTRTM - McCoy Global’s Smart Tubular Running System Est. $75 million capital Est. 2x a
Slide 12: Digital Technology Roadmap: Key Strategic Milestones
Digital Technology Roadmap: Key Strategic Milestones SmarTRTM - McCoy Data Acquisition Casing Running McCoy Global’s Smart Tubular Global’s Smart Tubular Expertise Handling Expertise Running Technologies Running System a a a 2017 2020 2023 Remote, Real-time Remote, Real-time Graphical Machine Learni
Slide 13: Our Track Record
Our Track Record Innovative Global Global Brand Financial Technologies Customer Reach Recognition Performance World leader in tubular make- Sales, rental, expert field Trusted partner, quality Fiscal execution up, innovative equipment for service and engineering product progressively complex wells s
Slide 14: Proven Technologies
McCoy Global’s Torque Turn Monitoring System Proven Technologies 14
Slide 15: Proven Technologies
Proven Technologies a a a a Torque Turn Casing Virtual Torque Hydraulic Monitoring Running Tools ThreadRepTM Subs Power Tongs Systems 15 McCoy is the Global Market Leader of Connection Make-up Equipment
Slide 16: Global Customer Reach
Global Customer Reach 16 IM COY GLOBAL
Slide 17: Global Customer Support
Global Customer Support Aftermarket/Consumables McCoy on Demand Online Webstore Equipment Rentals Preventive Maintenance, Calibration and Repair 17 Commissioning and Customer Training
Slide 18: Global Brand Presence
Global Brand Presence 18 Delivering to customers in more than 50+ countries, wherever wells are drilled, on land and offshore. Corporate Western Hemisphere Eastern Hemisphere Headquarters Regional Centres Regional Centre
Slide 19: Financial Performance
Financial Performance 19
Slide 20: Financial Performance
Financial Performance 8% 10% 0% -49% -8% 0.2 4.4 3.8 (3.3) (13.2) 2016 2017 2018 2019 2020 20 ADJUSTED EBITDA ($ MILLIONS) & ADJUSTED EBITDA % OF REVENUE
Slide 21: Investing in our Future
Investing in our Future 2.2 2.2 1.4 1.0 0.9 0.9 0.8 0.7 0.4 0.4 0.2 0.1 0.1 0.0 0.1 2016 2017 2018 2019 2020 21 Product Development Rental Fleet Equipment Maintenance CAPITAL EXPENDITURE PROGRAM ($ MILLIONS)
Slide 22: Right-sizing for Success
Right-sizing for Success 52% 14.1 33% 23% 13.1 21% 19% 11.1 11.2 7.3 2016 2017 2018 2019 2020 SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (SG&A) ($ MILLIONS) & SG&A % OF REVENUE 113% 22 58% 52% 45% 40% 30.6 28.3 24.1 20.7 15.4 2016 2017 2018 2019 2020 WORKING CAPITAL ($ MILLIONS) & WORKING CAPITAL
Slide 23: Liquidity
Liquidity 3.5 1.3 1.5 1.1 2021 2022* 2023 2024 DEBT MATURITY PROFILE ($ MILLION) AS AT DECEMBER 31, 2020 23 Remote, Real-time Cloud Connectivity
Slide 24: Liquidity
Liquidity 3.5 x 2.4 x 1.7 x 1.1 x 2017 2018 2019 2020 LIQUIDITY** TO DEBT*** 24
Slide 25: Leading The Way
Leading The Way 25 Unmatched Expertise Purposeful Innovation Global Leader Trusted Partner Enduring Value
Slide 26: 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, Marketing and Technology Terry D. Freeman, Corporate Director; Head of Investments, ATB C