2013 Annual General Meeting - McCoy

WE ARE McCOYINNOVATIVE PRODUCTS, GOING GLOBALAnnual General MeetingMay 16, 2013

2012 & RECENT HIGHLIGHTS3

DEVELOPED INNOVATIVE PRODUCTS⁄ Launched the weCATT Torque Sub⁄ Announced next project in the pipeline:weHOLD Casing Handling Tool⁄ Progressed development of otherproducts in the “we” product line⁄ First iron roughneck (weTORQ85)commercial salePatent pendingTorque Sub“weCATT”Casing HandlingTool “weHOLD”Iron Roughneck“weTORQ85”4

weVERIFY REMOTE CALIBRATION TOOL⁄ Calibrates equipment used tomake tubular connections⁄ Remote calibration for customersworldwide⁄ Compatible with WINCATT®system⁄ Can be used horizontally orvertically⁄ Real-time data5

INCREASED SALES FOOTPRINT⁄ Delivered products and/or services to 51 countries in 2012⁄ 85% of EP&S revenue from U.S. and international sales⁄ Established 1 st international sales and service center in Aberdeen⁄ In the process of setting up a 2 nd center in Southeast Asia*Revenue is attributed to a geographical region basedon the location of the customer invoiced, which maynot necessarily reflect the product’s final destination6

PREPARED FOR GROWTH⁄ Energy Products and Services⁄ Retrofitted weCATT and WinCatt plant8

PREPARED FOR GROWTH⁄ Energy Products and Services⁄ Added 14,000 sq. ft. bucking unit manufacturing plant9

PREPARED FOR GROWTH⁄ Energy Products and Services⁄ Increased dies and inserts manufacturing capacity10

PREPARED FOR GROWTH⁄ Energy Products and Services⁄ Relocated Rig Parts manufacturing to a dedicated facility⁄ Opened technical service center in Houston⁄ Mobile Solutions⁄ Strengthened sub-contractor relationships⁄ Expanded dealer network in the U.S.11

2012 FINANCIAL HIGHLIGHTS⁄ Record annual revenue of $179.4 million⁄ 37% increase in EP&S segment revenue over 2011⁄ Record adjusted EBITDA of $22.9 million⁄ Secured $53 million in new credit facilities12

GROWTH STRATEGY13

MARKET DRIVERS: DEEPER/LONGER WELLS, MORE RIGSAverage Well Length (m), North AmericaActive Rig Counts (1991-2012)⁄ More horizontal drilling, premium connections, longer laterals⁄ Deeper, Higher Pressure/Temperature (HPHT) wells⁄ Exposure to both land and offshore drilling14

INNOVATIVEPRODUCTSINTERNATIONALFOCUSSTRATEGICACQUISITIONS15

NEW AND INNOVATIVE PRODUCTS⁄ Products are developed in joint partnerships with our customers⁄ Significant IP portfolio: barrier to entry⁄ 61 registered patents, 10 pending⁄ Four patent applications filed in 2012PROJECTTorqueSub“weCATT”RemoteCalibration Tool“weVERIFY”IronRoughneck“weTORQ85”ElectricBucking Unit“weBUCK”Hydraulic PipeHandler“weMOVE35”CRT CasingRunning Tool“weRUN350”CasingHandling Tool“weHOLD”Patent pendingComplete Complete 2013 2013 2013/4 2013/4 2013/4COMMERCIALIZATION16

INTERNATIONAL FOCUSONSHOREANDOFFSHORE.OIL AND GAS.CONVENTIONALANDUNCONVENTIONAL.17

STRATEGIC ACQUISITIONSTubularRunningHandlingToolsTubularHandlingEquipment &Accessories• Controls & Data• Links• Manual Tongs• Slips• Bushings• Elevators• Spiders• AutomatedPipeHandlingSystems• DownholeAccessories• RegionalService ShopsPotential• Electric Bucking Unit• Casing Running Tool• Casing Handling Tool• Spiders• Elevators• HydraulicCatwalksIn Development• Torque Turn MonitoringSoftware (WinCatt)• Hydraulic Power Tongs• Remote CalibrationTool (weVERIFY)• Iron Roughneck• Make/ Break Tools• Bucking Machines• Pick-up/Lay-downEquipment• Hydraulic PowerUnits• Spare Parts• Dies & Inserts• Torque SubAvailable19

TSX:MCBMarket SummaryShare price(as at May 15, 2013)$4.7052-week range $3.23 - $4.80Shares outstanding(as at May 15, 2013)Options(as at May 15, 2013)Market capitalization(as at May 15, 2013)Average daily trading volume(TTM)Dividend(as at May 15, 2013)Number of employees(April 30, 2013)~26.7 million~1.4 million~$126 million26,214 shares$0.05/share/quarter4.3% yield53622

SHAREHOLDER RETURNReturned $8.8 million to shareholders throughdividends since January 2011Amount perDividends Paid common share Total amount2011 $0.10* $2.6 million2012 $0.18 $4.8 million2013 to date $0.05 $1.3 milion16.4%ROIC*(2012)41%Payout Ratio(2012)*Includes a special dividend declared by the Corporation*Source: Thomson One23

2012 ANNUAL FINANCIAL RESULTS$ million, except noted 2012 2011 ChangeTotal revenue 179.4 153.8 +17%Net earnings 11.8 11.9 -1%Net earnings per share 0.44 0.45 -2%Adjusted EBITDA 22.9 21.6 +6%Adjusted EBITDA per share 0.86 0.81 +6%Adjusted EBITDA percent of revenue 13% 14% -1%Cash flow from continuing operatingactivitiesCash flow from continuing operatingactivities per share5.3 17.5 -70%0.20 0.66 -71%Net cash at period end 13.1 23.2 -44%24

INVESTING IN THE FUTUREResearch and DevelopmentWorking Capital BuildProperty, Plant and Equipment$2.6 million$10.1 million$9.2 million25

QUARTERLY FINANCIAL RESULTS$ million, except noted Q1 2013 Q1 2012Total revenue 42.0 45.5Net earnings 2.1 2.2per basic share 0.08 0.08Adjusted EBITDA 4.7 4.6per basic share 0.18 0.17Adjusted EBITDA percent of revenue 11% 10%Cash flow from continuing operating activities (6.0) (3.3)per basic share (0.22) (0.13)Net cash at period end 7.4 17.4Backlog* 47.2 -Book-to-Bill Ratio** 0.74 - 26