Advanced Products for an Evolving Market Expert in tubular handling, make-up & measurement Developing advanced products to meet customer needs in an evolving market Expanding globally to optimize customer support Supporting…
Market Driver: Deeper, Longer Wells Millions of Feet 800 200 International Footage U.S. Footage 700 180 160 PREMIUM 600 CONNECTIONS 140 500 120 400 100 80 300 Deeper 60 Horizontal 200 40 High Pressure 100 20 High Temperature 0…
Market Driver: International Drilling Number of Rigs Number of Wells 2500 60,000 50,000 2000 40,000 1500 30,000 1000 20,000 500 10,000 0 0 US Total Rigs Intl Total Rigs US Total Wells Intl Total Wells…
The Oil Country Tubular Goods (OCTG) Market OCTG Market (Mt) & Premium Demand 38% 35% 25% 75% 65% 62% Adapted from Vallourec Investor Presentation, September 2013 6
Global Clients Service Companies Rig Manufacturers Contract Drillers Tubular and Threading Manufacturers 7
Global Expansion Sales & Service Center Corporate Head Office Replacement parts Consumables Sales & Service Center Service Replacement parts Sales Consumables Service Sales Manufacturing New Product Development Replacement…
Technically Advanced Tubular Products weCATTTM Torque Sub Tubular torques, turns and hook loads data recording from the top drive; commercialized in Q3 2012; now a market-leading product, sold globally weCATTTM Torque Sub weTORQTM…
Software Technologies weCATTTM Tubular torques, turns and hook loads data recording from the top drive winCATT Real-time tubular connection monitoring and control software for the weCATT, tongs and bucking units…
Growth Strategy Develop advanced tubular make-up technologies Expand global presence Support customers throughout equipment lifecycle Evaluate acquisition opportunities 11
Organic Growth: Advanced Tubular Make-Up Technologies weBUCKTM electric bucking unit (in development) first electrically powered bucking unit; eco-friendly, highly efficient tubular make-up weHOLDTM casing handling tool…
Organic Growth: Global Expansion Sales & Service Center Sales & Service Center Optimizing customer support throughout their equipment lifecycle Consumables, replacement parts & service 13
Full Aftermarket Participation CAPITAL EQUIPMENT SALES GROWING LIFECYCLE SALES Consumables Replacement parts Service 14
Growth via Strategic Acquisition Handling Tools Tubular running Links, slips, manual tongs, Controls and data bushings, elevators, spiders STRONG BALANCE SHEET Equipment and Tubular Handling Accessories 23.6 million net…
Financial Overview and Performance
Year Over Year Revenue Growth 2013 Geographic Revenue (based on invoiced customers location) Revenue (millions) Managements Estimates (based on likely product destination) 17
Profitability Measures Gross Profit (millions) Net Earnings from Adjusted EBITDA* (millions) Continuing Operations (millions) 39% 37% 37% 0.20 0.37 0.29 0.42 0.70 0.63 of revenue per basic share per basic share * Adjusted…
Quarterly Results millions Three months ended (except % and per share amounts) 6/30/2014 6/30/2013 Revenue 27.9 29.0 Gross profit 11.9 11.3 as % of revenue 43 39 Net earnings 8.3 3.1 per basic share 0.30 0.11 Earnings from…
Backlog* Strong market fundamentals Demand for advanced tubular products Geographic diversification Bucking unit demand *The Corporation defines backlog as work that has a high certainty of being performed and is measured…
Investing in McCoy Growing global presence Targeting full aftermarket participation Developing advanced tubular products to meet customer needs Positive long-term industry fundamentals Near-record backlog Market Summary (as at…
Head Office: Edmonton, AB Canada (780) 453-8451 infomccoyglobal.com www.mccoyglobal.com TSX:MCB, OTCQX:MCCRF
Additional Information
Executive Team and Board of Directors EXECUTIVE TEAM Jim Rakievich, ICD.D President, Chief Executive Officer and Director Jacob Coonan, MPAcc, CA Chief Financial Officer Kenny Watt Senior Vice President Peter Watson, Esq. General…
Analyst Coverage Canaccord Genuity John Bereznicki Calgary, Alberta Industrial Alliance Securities Elias Foscolos Calgary, Alberta Cormark Securities Sarah Hughes, CFA Toronto, Ontario Raymond James Theoni Pilarinos, CFA…
Financial Information Capital Structure as at June 30, 2014 Cash 23.6 million Debt - Committed credit facilities 50.0 million Equity 95.1 million Balance Sheet Working capital 66.0 million Property, plant and equipment 14.2…
Capital Structure 1997: IPO of 9.4 million shares at 2/share 2002: 7.3 million shares issued to Foundation Equity to convert promissory note 2007: 46.4 million equity raise 8.85 million shares 5.25; Foundation Equity sold 10…
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