Second Quarter 2015 Financial Results Conference Call August 14, 2015 NYSE MKT: SDPI 2015 Superior Drilling Products www.sdpi.com
Troy Meier Chairman and Chief Executive Officer NYSE MKT: SDPI 2015 Superior Drilling Products www.sdpi.com
DNR Gaining Market Share ( in millions) Quarterly Revenue Organic refurbishment and third party manufacturing (contract services) down 4.5 4.1 measurably .02 0.7 2.9 2.2 3.6 1.8 Refurbishment business decline less 1.9 1.1 sever…
Customers Recognize Value Customers (Monthly Avg) Customer growth exhibits tools 16 value proposition 14 Gained 4 new customers Entered new basin with current customer Q1 2015 Q2 2015 Pricing pressure impacted revenue per…
Moving From Lab To Field Strider Deployed V Stream Advance Conditioning System (ACS) Deployed Dedicated Reamer (DR) Stinger Deployed OrBIT At location Strong positive feedback from customers 2015 Superior Drilling Products 6
Financial Results Chris Cashion Chief Financial Officer NYSE MKT: SDPI 2015 Superior Drilling Products www.sdpi.com
Adjusting to Market Conditions (in millions) Operating expenses down 14% from Operating Expenses trailing quarter and 25% from Q4 2015 Continued focus on right-sizing cost structure 6.1 R&D costs decline as new tools enter…
Focused on Cash Flow (in millions) Adjusted EBITDA* Oilfield activity slowdown impacts results 1.7 Ongoing cost structure adjustments 0.2 Additional headcount reductions in Q3 Expect 100 thousand reduction in (0.4) Q2 2014 Q1…
Balance Sheet (in millions) Cash and Equivalents Uses of Cash Q2 2015: 5.8 CapEx : 0.3 million Principal debt payments: 2.8 million 2.5 2015 CapEx: 1.2 million to 1.4 million*; YTD: 0.6 million 3/31/2015 6/30/2015 2H 2015…
2015 Market Outlook & Goals Updating expectations for 2015* Full-year revenue: 14 million to 16 million Assumes successful commercialization of Strider and Orbit in Q3 Majority of revenue growth in Q4 SG&A/quarter: 1.6 million to…
Market Outlook Troy Meier Chairman and Chief Executive Officer NYSE MKT: SDPI 2015 Superior Drilling Products www.sdpi.com
Looking Forward Packaging tools Building customer base Early signs of strong mix in Q3 On track launch of new tools in 2H15 Database supports value proposition 2015 Superior Drilling Products 13
Supplemental Slides NYSE MKT: SDPI 2015 Superior Drilling Products www.sdpi.com
Adjusted Net Income Reconciliation Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 per per per per diluted diluted diluted diluted share share share share GAAP net (loss) (2,235,697) (0.13) (679,059)…
Adjusted EBITDA Reconciliation Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 GAAP net (loss) income (2,235,697) (679,059) (3,278,783) 186,208 Add back: Income tax expense (benefit) 216,599…
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