1、An industry in transition.A company that is ready.2021 Annual ReportChangeGrowthResults1In February of 2021,MRC Global celebrated its 100th anniversary.As if on cue,the year signaled a turning point for the company and a time of momentous change.The markets we serve began to recover,and MRC Global e
2、merged from a period of contraction into one of growth.A new CEO took the helm,two new directors were elected to our board and new leaders joined our executive management team,bringing fresh energy and ideas to their roles.We reduced our debt to new lows as a public company,increased our profitabili
3、ty and strengthened our balance sheet.We continued to diversify our business to reduce volatility and stabilize ourselves against commodity prices.We dedicated new resources to helping customers navigate the energy transition.The industry is changing,and the recovery is here.We have been hard at wor
4、k preparing for both,and we are now beginning to see the rewards.2Revenue(MILLIONS)Cash Flow From Operations($IN MILLIONS)Adjusted EBITDA($IN MILLIONS)EBITDA Margin In%Adjusted Earnings Per Share($)IN MILLIONS)SG&A($IN MILLIONS)Total Debt($IN MILLIONS)024015030005000010000015000020000025000002004006
5、000.00.10.20.30.40150000300000450000600000Revenue(MILLIONS)Cash Flow From Operations($IN MILLIONS)Adjusted EBITDA($IN MILLIONS)EBITDA Margin In%Adjusted Earnings Per Share($)IN MILLIONS)SG&A($IN MILLIONS)Total Debt($IN MILLIONS)024015030005000010000015000020000025000002004006000.00.10.20.30.40150000
6、300000450000600000Revenue(MILLIONS)Cash Flow From Operations($IN MILLIONS)Adjusted EBITDA($IN MILLIONS)EBITDA Margin In%Adjusted Earnings Per Share($)IN MILLIONS)SG&A($IN MILLIONS)Total Debt($IN MILLIONS)024015030005000010000015000020000025000002004006000.00.10.20.30.40150000300000450000600000Revenu