Mccoy Global Inc. · TSX:MCB
Mccoy Global — Investor Presentation (November 2021)
29 slides from Mccoy Global's investor presentation, November 2021
Slide 1: November 2021
November 2021 1
Slide 2: Forward-Looking Statements
F O R WA R D - L O O K I N G S TAT E M E N T S 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", "p
Slide 3: McCoy: innovator enabling safe access to hydrocarbons
MCCOY We are an innovator enabling safe, Tubular Running Services environmentally protected, access to Installing the essential fortification of the wellbore by connecting steel pipe hydrocarbons through the wellbore on land, sections (casing) to enable safe access to hydrocarbons shelf and deep-wat
Slide 4: Wellsite Realities: Casing a Well Is Expensive
WELLSITE REALITIES / CASING A WELL IS EXPENSIVE 60 % Are labour costs $ 10,000 /per day/well 4
Slide 5: From Labour Intensive to Automated
N E W R E A L I T Y / F U L LY A U T O M AT E D W E L L C O M P L E T I O N FROM LABOUR INTENSIVE TO AUTOMATED 5
Slide 6: Wellsite Realities: Injuries Occur
WELLSITE REALITIES / INJURIES OCCUR 90 % of safety incidents RED ZONE 6-8 people per well on-site 6
Slide 7: From Injury Potential to Absolute Safety
N E W R E A L I T Y / F U L LY A U T O M AT E D C A S I N G S E R V I C E S FROM INJURY POTENTIAL TO ABSOLUTE SAFETY 7
Slide 8: Unreliable Information
WELLSITE REALITIES / INCONSISTENT EXECUTION UNRELIABLE INFORMATION 100 % of connections are a judgement call Humans make every connection 400 manual connections per well Highly repetitive procedure reduces attention span Integrity of recorded data is highly questionable Aggressive timelines augment
Slide 9: From Unreliable Information to Precise Data
N E W R E A L I T Y / F U L LY A U T O M AT E D P I P E C O N N E C T I O N FROM UNRELIABLE INFORMATION TO PRECISE DATA 9
Slide 10: Precise Data
N E W R E A L I T Y / F U L LY A U T O M AT E D P I P E C O N N E C T I O N PRECISE DATA 0 % potential for human error Connection size / grade / weight Time stamped Min / max targets Torque versus turns 10
Slide 11: Automated Sequence Repetition
N E W R E A L I T Y / F U L LY A U T O M AT E D P I P E C O N N E C T I O N S 400 ~ identical sequences per well AUTOMATED SEQUENCE REPETITION Reliable, verifiable, auditable data 100% ESG compliant 11
Slide 12: We Are Leaders
WE ARE LEADERS AUTOMATED TUBULAR RUNNING SYSTEM FULL AUTOMATION CLOUD-BASED ABSOLUTE SAFETY REMOTELY OPERATED PRECISE DATA MACHINE LEARNING DATA TRACKING SYSTEM INTEGRATION TM 100 YEARS OF INNOVATION PREMIUM QUALITY BRAND GLOBALLY DIGITAL TECHNOLOGY TEAM LAUNCHED 1ST SMART TOOL 1996 12
Slide 13: Integrating Tools/Data into a Super-Smart System
N E W R E A L I T Y / s m a r t T R TM INTEGRATING TOOLS/DATA INTO A SUPER-SMART SYSTEM 13
Slide 14: Wellsite Realities: Automation On/Offshore
W E L L S I T E R E A L I T I E S / A U T O M AT I O N O N / O F F S H O R E 14
Slide 15: smartTR Cloud-Based System
s m a r t T R TM - C L O U D - B A S E D S Y S T E M 15
Slide 16: Opportunity: Conventional Casing Running
OPPORTUNITY / CONVENTIONAL CASING RUNNING 6employees in the red zone $ 400 million of labour cost (est.2019) TODAY 100 judgement call % on connection integrity 16
Slide 17: smartTR Exponential Efficiency
s m a r t T R TM - E X P O N E N T I A L E F F I C I E N C Y TODAY TOMORROW 17
Slide 18: smartTR Driving a Super-Smart System
s m a r t T R TM / D R I V I N G A S U P E R - S M A R T S Y S T E M 18
Slide 19: Our First smart Product
OUR FIRST smart PRODUCT CLOUD-BASED CONTROL CENTRE VIRTUAL THREAD REP MACHINE LEARNING CONTROLS CLOUD-BASED DATA CONTROL AND REPOSITORY REMOTE MONITORING MACHINE LEARNING 19
Slide 20: Virtual Thread Rep
PR EC ISION / EVERY C ON N EC TION VIRTUAL THREAD REPTM CLOUD-BASED REAL-TIME REMOTE ACCESS DATA CONTROL AND REPOSITORY ENABLING FUTURE DIGITAL OFFERINGS 20
Slide 21: McCoy: Leading the Industry
MC C OY - LEA D IN G TH E IN D U STRY INTEGRATED AUTOMATION SMART THINKING 21
Slide 22: Digital Roadmap: Key Strategic Milestones
D I G I TA L R O A D M A P / K E Y S T R AT E G I C M I L E S T O N E S 2023 2020 2022 22
Slide 23: Opportunity: Market Is Ready for Disruption
OPPORTUNITY / MARKET IS READY FOR DISRUPTION ESG COMPLIANCE/ $ 2 ESCALATING COST billion 23
Slide 24: Global Reach: Market Leader
GLOBAL REACH / MARKET LEADER 50 countries + 36% 64% Corporate Headquarters Western Hemisphere Regional Centres Eastern Hemisphere Regional Centres WH EH 2020 revenue sources 24
Slide 25: Trusted Partners
T R U S T E D PA R T N E R S / E M B R A C I N G O U R P L AT F O R M SERVICE COMPANIES DRILLING CONTRACTORS THREAD MANUFACTURERS AND OEM’S 25
Slide 26: McCoy: Leading the Industry
MC C OY - LEA D IN G TH E IN D U STRY WE ARE LEADERS 26
Slide 27: Financial Performance
FINANCIAL PERFORMANCE 8% 10% 10% 10 10% 0% -8% 0% 4 2.2 -10% 0.2 4.4 3.8 -20% $ Millions -2 (13.2) (3.3) -30% -8 -40% -49% -50% -14 -60% -20 -70% 2016 2017 2018 2019 2020 9 months 2021 Adjusted EBITDA Adjusted EBITDA as a % of Revenue 27
Slide 28: Right-Sizing for Success
R I G H T- S I Z I N G F O R S U C C E S S 80% 150% 18 36 140% 70% 130% 30.6 28.3 14.1 60% 30 120% 13.1 113% 110% 52% 24.1 11.1 11.2 50% 100% 12 24 $ Millions 20.7 $ Millions 90% 40% 33% 18 16.7 80% 7.3 15.4 23% 30% 70% 23% 21% 5.5 6 19% 12 58% 60% 20% 54% 50% 45% 52% 6 40% 40% 10% 30% 0 0% 0 20% 20
Slide 29: Liquidity
LIQUIDITY 8.61 Net Cash 2.1 1.6 1.1 0.3 2021 2022 2023 2024 DEBT MATURITY PROFILE ($ MILLION) AS AT SEPTEMBER 30, 2021 29