Mccoy Global Inc. · TSX:MCB
Mccoy Global — Investor Presentation (November 2020)
27 slides from Mccoy Global's investor presentation, November 2020
Slide 1: Investor Presentation
Investor Presentation November 2020 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 be the trusted partner for data-driven Smart Solutions that deliver enhanced safety, wellbore integrity and operational efficiency to tubular running operations across the globe. 4
Slide 5: About Us: Our Differentiator
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 Integrated Tubular Running System
McCoy Global’s Integrated 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 McCoy Global’s Integrated SmarTRTM - McCoy Global’s Casing Running Tubular Running System Smart Tubular Running Syst
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. $75 million capital Est. 2x a
Slide 12: Digital Technology Roadmap: Key Strategic Milestones
Digital Technology Roadmap: Key Strategic Milestones SmarTRTM - McCoy Data Acquisition Casing Running McCoy Global’s Integrated Tubular Global’s Smart Tubular Expertise Handling Expertise Running System Running System a a a 2017 2020 2023 Remote, Real-time Remote, Real-time Graphical Machine Learnin
Slide 13: Our Track Record
Our Track Record Innovative Global Global Brand Financial Technologies Customer Reach Recognition Performance World leader in tubular make- Sales, rental, expert field Trusted partner, quality Fiscal execution up, innovative equipment for service and engineering product progressively complex wells s
Slide 14: Proven Technologies
McCoy Global’s Torque Turn Monitoring System Proven Technologies 14
Slide 15: Proven Technologies
Proven Technologies a a a a Torque Turn Casing Virtual Torque Hydraulic Monitoring Running Tools ThreadRepTM Subs Power Tongs Systems 15 McCoy is the Global Market Leader of Connection Make-up Equipment
Slide 16: Global Customer Reach
Global Customer Reach 16 IM COY GLOBAL
Slide 17: Global Customer Support
Global Customer Support Aftermarket/Consumables McCoy on Demand Online Webstore Equipment Rentals Preventive Maintenance, Calibration and Repair 17 Commissioning and Customer Training
Slide 18: Global Brand Presence
Global Brand Presence 18 Delivering to customers in more than 50+ countries, wherever wells are drilled, on land and offshore. Corporate Western Hemisphere Eastern Hemisphere Headquarters Regional Centres Regional Centre
Slide 19: Financial Performance
Financial Performance 19
Slide 20: Financial Performance
Financial Performance 8% 12% 0% -49% -8% 0.2 4.4 3.6 (3.3) (13.2) 2016 2017 2018 2019 9 MONTHS ENDED 20 SEPTEMBER 30, 2020 ADJUSTED EBITDA ($ MILLIONS) & ADJUSTED EBITDA % OF REVENUE
Slide 21: Investing in our Future
Investing in our Future 2.2 1.2 1.0 0.9 0.9 0.8 0.8 0.7 0.4 0.4 0.2 0.1 0.1 2016 2017 2018 2019 9 MONTHS ENDED SEPTEMBER 30, 21 2020 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% 18% 11.1 11.2 5.4 2016 2017 2018 2019 2020 YTD SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (SG&A) ($ MILLIONS) & SG&A % OF REVENUE 113% 22 58% 61% 52% 45% 30.6 28.3 24.1 23.9 20.7 2016 2017 2018 2019 2020 YTD WORKING CAPITAL ($ MILLIONS) & WORKING
Slide 23: Liquidity
Liquidity 3.5 x 2.4 x 1.1 x 1.1 x 2017 2018 2019 SEPTEMBER 30, 2020* LIQUIDITY** TO DEBT 23
Slide 24: Liquidity
Liquidity 3.6 2.0 1.6 1.2 2021 2022* 2023 2024 DEBT MATURITY PROFILE ($ MILLION) AS AT NOVEMBER 6, 2020 24 Remote, Real-time Cloud Connectivity
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
Slide 27: Investor Presentation
Investor Presentation November 2020 27 Leading The Way