Third Quarter 2014 Financial NYSE MKT: SDPI Results Conference Call www.sdpi.com November 14, 2014
Troy Meier Chairman and Chief Executive Officer
Strong Revenue Growth ( in millions) Quarterly Revenue Organic refurbishment and custom fabrication services were up 36% 5.8 0.1 Demand from long established 2.3 customer and new relationships 3.0 continues to grow 0.5 2.5 3.4…
Increasing Customers Customers using DNR Avg. monthly customer rate more (Monthly Avg) than doubled to 13 13 Rigs operating with DNR increased 6 52% As of October: Q2 2014 Q3 2014 Averaged 16 customers and 36 rigs Q3 average…
Penetrating Market Basins using DNR 8 As of October operating in 9 basins 3 Added Piceance Five Stock Points serving 9 6/30/2014 9/30/2014 basins Est. Addressable Market Significant room for growth: 460 million Market…
Developed Sales Infrastructure DNR Sales Force 12 Stock Points Sales Reps Williston, ND (Prior to acq.) 3 5 Vernal, UT (June 2014) 1 Elk City, OK (June 2014) 2 6/30/2014 Current Greeley, CO (Nov 2014) 1 Includes city sales…
Financial Results Chris Cashion Chief Financial Officer
Investments to Drive Growth ( in millions) First full quarter of higher public Operating Expenses company operating expenses Built up sales organization and operations for growth 6.1 0.4 million in non-recurring 1.2 SG&A costs:…
Focused on Cash Generation ( in millions) Adjusted EBITDA* Margin expansion from leverage and Margin expected as revenue grows 1.4 1.3 D&A increased due to full quarter of acquisition Q3 2014 adjusted diluted EPS: 0.04 45.2% 22.4%…
Q3 2014 Balance Sheet Adjustments 0.7 million write down of acquisition assets Review of inventory resulted in scrapping of worn out tools Goodwill from acquisition adjusted upwards as a result One-time loss on disposition of…
Strengthened Balance Sheet ( in millions) Cash and Equivalents Total Debt 22.5 6.0 19.8 0.01 12/31/2013 9/30/2014 12/31/2013 9/30/2014 Stockholders Equity YTD capital expenditures were 0.9 million 30.1 Expecting full year…
2014 Expectations* Revenue 19 - 22 million SG&A 2.4 - 2.7 million per quarter D&A Approx. 1.3 million in Q4 Adjusted EBITDA 6.5 - 7.0 million Tax rate 37% - 39% in Q4 Interest expense Approx. 575K - 600K per quarter…
Market Outlook Troy Meier Chairman and Chief Executive Officer
Strategy for Growth Continue to leverage benefits that DNR provides operators and contractors to grow revenue Research and development team supporting rapid growth in demand for Drill-N-Ream and new drill string tool innovations (e.g.,…
Upcoming IR Activities November 19 1:1 meetings, Dallas, TX November 20 Southwest IDEAS conference, Dallas, TX December 10-11 1:1 meetings, NYC and Chicago Copyright 2014 Superior Drilling Products 17
Supplemental Slides
Adjusted Net Income Reconciliation Three Months Ended Nine Months Ended September 30, September 30, 2014 2013 2014 2013 per per per per diluted diluted diluted diluted share share share share GAAP net (loss) income (657,708)…
Adjusted EBITDA Reconciliation Three Months Ended Nine Months Ended September 30, September 30, 2014 2013 2014 2013 GAAP net (loss) income (657,708) 544,386 (471,499) 2,058,472 Add back: Income tax (benefit) expense (525,822)…
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