Strong Revenue Growth ( in millions) Quarterly Revenue Drill-N-Ream toolTM* contributed 3.1 million of revenue, a 31% 5.8 6.1 increase from trailing third quarter 0.1 2.9 million of rental revenue 3.1 2.3 3.1 0.3 0.2 million of…
Increasing Customers Customers using DNR Fourth quarter stayed strong (Monthly Avg) Avg. monthly customer rate 17 increased to 17 13 Rigs operating with DNR increased 23% Q4 average revenue per run: Q3 2014 Q4 2014 14.6 thousand…
Product Innovation Provides Growth Opportunities DNR: Solid position with customers, but still have upside potential Currently on 38 of 64, or 59%, of customers operating rigs, up from 30 of 130, or 23% in December 2014 Alternative…
Rapidly Adapting to Market Conditions Reduced head count Focused on cost savings efforts Efficiency and productivity Getting the right people in place Upgrading sales force Subtracting and adding talent as needed to maximize…
Financial Results Chris Cashion Chief Financial Officer
Investments in Growth ( in millions) 0.1 million of non-recurring Operating Expenses expense included in Q4 2014 cost of revenue Operating expense held flat with 6.1 6.1 third quarter 2014 on higher 1.2 1.1 volume Increased over…
Focused on Cash Generation ( in millions) Adjusted EBITDA* Investments impacted EBITDA and and Margin net income Q4 2013 EBITDA was unusually high 2.0 1.3 1.3 Q4 2014 adjusted diluted EPS*: 0.02 64.4% 22.4% 20.8% Q4 2014 adjusted…
Full Year 2014 Results ( in millions) Revenue EBITDA and Margin* 20.0 0.5 5.7 5.6 6.1 11.9 42.1% 33.2% 1.7 2013 2014 13.4 Adjusted Net Income* 10.2 3.7 2.3 2013 2014 Organic Revenue Acquisition Revenue Royalty Income…
Balance Sheet ( in millions) Cash and Equivalents Total Debt 23.9 5.8 19.8 0.0 12/31/2013 12/31/2014 12/31/2013 12/31/2014 Stockholders Equity 2014 CapEx was 3.5 million 2.6 million in Q4 30.1 2015 CapEx of 0.8 million;…
2015 Market Outlook & Goals Oil price volatility and market uncertainties reduced visibility Drill bit refurbishment and third party manufacturing services expected to be down 50% to 60% in 2015 Goal: New products and…
Market Outlook Troy Meier Chairman and Chief Executive Officer
Strategy for Growth Carefully monitoring costs during current period of near-term uncertainty Continue to leverage benefits that DNR provides operators and contractors to grow revenue Technology Innovations: Strider, Streamline…
Supplemental Slides
Adjusted Net Income Reconciliation Three Months Ended Year Ended December 31, December 31, 2014 2013 2014 2013 per per per per diluted diluted diluted diluted share share share share GAAP net (loss) income (149,897) (0.01)…
Adjusted EBITDA Reconciliation Three Months Ended Year Ended December 31, December 31, 2014 2013 2014 2013 GAAP net (loss) income (148,897) 1,609,678 (621,397) 3,668,150 Add back: Income tax (benefit) expense (77,944) -…
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