1 Barclays CEO Energy-Power Conference Barclays CEO Energy-Power Conference September 9, 2015 Andrew Lane Chairman, President & CEO
3 Barclays CEO Energy-Power Conference Global Leader in PVF Distribution Market Leader in North America and Worldwide 5.6B TTM Sales 384M TTM Adjusted EBITDA Key Role in Global Supply Chains of Leading Energy and Industrial…
4 Barclays CEO Energy-Power Conference Diversified by Region, Industry Sector and Product Line Revenue by Geography Revenue by Product Line Asia / Lower Higher Europe / Canada OCTG United States Margin 8% Margin Middle 9%…
5 Barclays CEO Energy-Power Conference Synergistic Business Model Supplier Value Energy Carbon Steel Tubulars Valves Customer Value Proposition CSI Tubular JMC Wheatland Proposition SUPPLIERS Balon Cameron Flowserve TMK-…
6 Barclays CEO Energy-Power Conference Consolidated North America, Expanded Worldwide Via Acquisitions Consolidation creates scale and Use of Cash Flow (2010 Q2 2015) broadens our capabilities Net Other Financing 7% 4% North…
7 Barclays CEO Energy-Power Conference North America Strong Leadership Position Across Key Basins Munster, IN Nisku, AB By the Numbers As of 6/30/2015 Branches 160+ RDCs 10 VACs 14 Cheyenne, WY Pittsburgh, PA Employees…
8 Barclays CEO Energy-Power Conference Europe Strong Leadership Position Throughout the North Sea and Western Europe Stavanger, NO Bradford, UK Rotterdam, NL By the Numbers As of 6/30/2015 Branches 34 RDCs 3…
9 Barclays CEO Energy-Power Conference Asia Pacific & Middle East Strategically Located in Key Growth Markets Dubai, UAE Singapore Perth, WA By the Numbers As of 6/30/2015 Branches 28 RDCs 4 Brisbane, QLD VACs 7…
10 Barclays CEO Energy-Power Conference Long Term Growth Strategy Leverage Competitive Advantages to Drive Volume and Enhance Returns Significant growth potential for the core business from continuing to win in the field, which will…
11 Barclays CEO Energy-Power Conference Leading the Industry Shift Toward Integration Then Now Next Decentralized MRO Contracts & Centralized Integrated Procurement Procurement Supply PVF purchasing handled PVF purchasing…
12 Barclays CEO Energy-Power Conference Customer Integration MRC Global is a leader in Integrated Supply Gas Distribution Companies Embrace Integrated Supply Solutions Over 830 million in revenue and growing rapidly Gas…
13 Barclays CEO Energy-Power Conference International Expansion 75% of our major IOC customers PVF International Market Opportunity Capex spend is outside of North America Estimated Market Size and Share1 Build on North American…
14 Barclays CEO Energy-Power Conference Strategic Expansion into Offshore Production Platforms Top 4 largest offshore markets produce 140 billion in E&P spend annually MRC Global is positioned in 4 of the 5 largest offshore…
15 Barclays CEO Energy-Power Conference Optimizing SG&A and Working Capital Cost-consciousness is ingrained in our culture Continuous focus on inventory and receivables to maximize return on our assets Average management experience…
16 Barclays CEO Energy-Power Conference 2015 Accomplishments In Spite of a Challenging Year Customer contract wins Continued success in winning and retaining customers reinforces MRC Globals market leadership and positions MRC Global…
17 Barclays CEO Energy-Power Conference Financial Model Countercyclical Cash Flow Profile Low Capital Expenditure Requirements Economies of Scale Operating Leverage Flexible Capital Structure
19 Barclays CEO Energy-Power Conference Balance Sheet Metrics ( millions) Total Debt Capital Structure June 30, 2015 1,527 1,454 Cash and Cash Equivalents 33 1,360 1,257 Total Debt (including current portion): Term Loan B due…
20 Barclays CEO Energy-Power Conference Compelling Long-Term Investment Market Leader in PVF Distribution, Serving Critical Function to the Energy Industry Diversified Across Sectors, Regions and Customers Differentiated…
21 Barclays CEO Energy-Power Conference Appendix
22 Barclays CEO Energy-Power Conference Adjusted EBITDA Reconciliation Six months ended Year Ended December 31 June 30 ( millions) 2015 2014 2014 2013 2012 2011 2010 Net income available to shareholders 45.4 62.8 144.1 152.1…
23 Barclays CEO Energy-Power Conference Adjusted Gross Profit Reconciliation Six months ended Year ended December 31 June 30 ( millions) 2015 2014 2014 2013 2012 2011 2010 Gross profit 425.9 491.6 1,018.1 954.8 1,013.7 708.2…
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