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Q1 2015 CONFERENCE CALL – Superior Drilling Products

Superior Drilling Products · May 15, 2015 · 15 slides

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Slides

  1. Q1 2015 CONFERENCE CALL – Superior Drilling Products – slide 1
    First Quarter 2015 Financial NYSE MKT: SDPI Results Conference Call www.sdpi.com May 15, 2015
  2. Q1 2015 CONFERENCE CALL – Superior Drilling Products – slide 2
    Troy Meier Chairman and Chief Executive Officer
  3. Q1 2015 CONFERENCE CALL – Superior Drilling Products – slide 3
    DNR Gaining Market Share ( in millions) Quarterly Revenue Challenging market conditions Drill-N-ReamTM(1) revenue: 2.2 million 6.1 4.1 2.0 million of rental revenue 3.7 3.1 .03 2.2 0.2 million of repair revenue 3.4 3.0 1.9 185…
  4. Q1 2015 CONFERENCE CALL – Superior Drilling Products – slide 4
    Customers Recognize Value Customers using DNR Further penetrating customers (Monthly Avg) programs 17 Avg. runs per customer 13 in Q1, up 14…
  5. Q1 2015 CONFERENCE CALL – Superior Drilling Products – slide 5
    New Product Development & Deployment Under Development OrBIT Improved design to expand applications and developing manufacturing processes New in house testing facility; Developing relationship with major frac plug suppliers…
  6. Q1 2015 CONFERENCE CALL – Superior Drilling Products – slide 6
    Financial Results Chris Cashion Chief Financial Officer
  7. Q1 2015 CONFERENCE CALL – Superior Drilling Products – slide 7
    Adjusting to Market Conditions ( in millions) Operating expenses down Operating Expenses 1.0 million from trailing fourth quarter Cost reductions drove 6.1 decline in SG&A 1.1 5.1 D&A held at 1.1 million Minimal 1.1 new DNR…
  8. Q1 2015 CONFERENCE CALL – Superior Drilling Products – slide 8
    Focused on Cash Generation ( in millions) Adjusted EBITDA* Reduction in organic revenue and Margin measurably impacted EBITDA and adjusted net income 1.5 1.3 Monitoring markets and adjusting as required to maintain positive…
  9. Q1 2015 CONFERENCE CALL – Superior Drilling Products – slide 9
    Balance Sheet ( in millions) Cash and Equivalents Uses of Cash 5.8 5.8 Q1 2015: 0.2 million for CapEx 0.3 million for principal debt payments CapEx for 2015: 12/31/2014 3/31/2015 800 thousand to 1.0 million Total Debt Majority…
  10. Q1 2015 CONFERENCE CALL – Superior Drilling Products – slide 10
    2015 Market Outlook & Goals Reiterating 2015 expectations Drill bit refurbishment and third party manufacturing services expected to be down 50% to 60% in 2015 Goal: New products and Drill-N-ReamTM sales to offset organic business…
  11. Q1 2015 CONFERENCE CALL – Superior Drilling Products – slide 11
    Market Outlook Troy Meier Chairman and Chief Executive Officer
  12. Q1 2015 CONFERENCE CALL – Superior Drilling Products – slide 12
    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: Increasing the number of…
  13. Q1 2015 CONFERENCE CALL – Superior Drilling Products – slide 13
    Supplemental Slides
  14. Q1 2015 CONFERENCE CALL – Superior Drilling Products – slide 14
    Adjusted Net Income Reconciliation Three Months Ended March 31, 2015 2014 per diluted per diluted share share GAAP net (loss) income (1,043,088) (0.06) 865,267 NM* Add back: Intangible amortization 617,669 0.04 28,876…
  15. Q1 2015 CONFERENCE CALL – Superior Drilling Products – slide 15
    Adjusted EBITDA Reconciliation Three Months Ended March 31, 2015 2014 GAAP net (loss) income (1,043,088) 865,267 Add back: Income tax (benefit) expense (479,912) - Interest expense, net 487,151 310,839 Depreciation and…

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