MRC Global Inc (MRC) 2016年年度报告「NYSE」.pdf

1、2016 ANNUAL REPORT1Weak commodity prices continued to strain our business in 2016.MRC Global did not lose a step.We took action to position our company for long-term success by effectively managing our capital,building our customer relationships and bolstering our financial foundation.In 2016 we foc

2、used on preparing ourselves for improved market conditions.We finished the year in top competitive form.WE ARE READY.2MRC Global focused on optimizing every dollar we spent running our business.Through various initiatives,we reduced working capital by$276 million in 2016.We ended the year with worki

3、ng capital(excluding cash)of 19%per revenue dollar.STRATEGIC MANAGEMENT OF WORKING CAPITAL.$253MCash Flow from OperationsOptimizing Working Capital($millions)2015$9602016$6842014$1,5043In 2016,we were awarded several contracts and extensions from new and existing customers.More than ever customers n

4、eed stability and certainty,and they are entrusting their projects to MRC Global.CUSTOMER RELATIONSHIPS.READY TO GO.Selected Contract Wins and RenewalsCustomer and GeographyBASF,North AmericaThe Chemours Company,U.S.Chevron Gulf of Mexico,U.S.Shell,AustraliaJemena,AustraliaTerm3 years5 yearsEvergree

5、n5 yearsProject230,000 PLUS PRODUCTSBROADENING AND DEEPENING4WE ARE SET.MRC Global has invested in optimizing its global network to adjust to the market and grow with customers to best meet their needs.We have also reduced debt and built up cash to reinforce our balance sheet and repurchase shares.W

6、e have the liquidity to fund our growth and seize new opportunities.We have put in the hard work to condition our company to win.As the recovery gains traction,we will have the inside lane.56We never stop adapting our distribution network to be there for our customers,no matter where“there”is locate