Troy Meier Christopher Cashion Chairman and Chief Executive Officer Chief Financial Officer Enercom Oil & Gas Conference Investor Presentation NYSE American: SDPI 2019 Superior Drilling Products 2019 Superior Drilling Products…
Safe Harbor Statement These slides and the accompanying oral presentation contain forward-looking statements and information that are subject to a number of risks and uncertainties, many of which are beyond our control. Certain…
Superior Drilling Products, Inc. We create innovative, cutting-edge drilling tool technologies that drive production efficiencies and cost savings for the oil and gas industry Market Capitalization 21.5M Shares Outstanding 25.0M…
Innovator, Designer and Manufacturer Pioneer of PDC bit re-manufacturing process Solutions for the upstream oil & gas industry Drill-N-Ream wellbore conditioning tool (DNR) StriderTM oscillating system technology Drilling tool…
Expanding Demand for Drill-N-Ream Flagship wellbore conditioning tool Leading industry operators standardizing on tool in North America 30 of the top 50 operators using DNR 57 different operators ran the tool in April 2019 Growing…
Teaming up with Success Channel and Service Partners Channel partnerships: North America Drilling Tools International, Inc. Developing new partners Middle East Three leading oil field service companies in region Multiple revenue…
Middle East Expansion Agreements to develop market with two global oil field service companies Odfjell Drilling Ltd. signed November 2018 Weatherford International signed December 2017 Demonstrate Drill-N-Ream capabilities to…
Advancing New Technologies StriderTM oscillation system technology product line Patent pending drill string oscillation technology Controlled hydraulic flow produces an optimal pulse frequency preferred for MWD* and BHA equipment…
Financial Results 2019 Superior Drilling Products 2019 Superior Drilling Products
Delivering in a Challenging Market ( in millions) Revenue Operating Expenses Net Income (Loss) 19.1 3,171 18.2 17.8 17.9 15.6 15.4 3.8 1,850 3.8 3.7 (58) (1,597) 13.1 11.6 (4,658) 10.6 7.1 7.9 5.7 7.4 (7,646) 5.0 5.1…
Tool Revenue Compared with prior-year period unless otherwise noted ( in millions) Total tool revenue down 1.5 million in the quarter Tool rentals in the Middle East partially offset lower tool sales in the U.S. In discussions to…
Strengthening Balance Sheet ( in millions) Cash and Equivalents Cash from operations break even in Q2 2019 4.3 4.3 3.2 Capital Priorities: 2.4 1. Organic Growth: Capex of 565k Investments to build tool fleet 12/31/2017…
Restatement of Financials Restating prior periods to write off Tronco loan Non-cash charge of 7.7 million in 3Q 2017 Asset represented the Tronco Loan acquired after IPO in May 2014 Borrower, Tronco Energy Corporation, related…
2019 Updated Guidance* Revenue: 19 million to 20 million Reduced due to depressed O&G rig count in U.S. Gross margin: 58% to 61% Impacted by lower volume expectations SG&A expenses: 7.5 million to 8.0 million Cost management…
Opportunities Middle East expansion Increasing market share with DnR StriderTM oscillation system technology Increased territory for drill bit refurbishment Broaden relationships with channel partners Investment in developing…
Questions June 2019 Investor Presentation NYSE American: SDPI 2019 Superior Drilling Products 2019 Superior Drilling Products www.sdpi.com
Supplemental Information NYSE American: SDPI 2019 Superior Drilling Products 2019 Superior Drilling Products www.sdpi.com
Proven Industry Experience Troy Meier, Co-Founder, Board Chairman and CEO More than 38 years of experience in the oil and gas industry, including 13-year career with Baker Hughes Annette Meier, Co-Founder, Director, President and…
Drill-N-Ream U.S. & Canada Economics U.S. & Canada Channel Partner Agreement Drill-N-Ream four revenue streams 1. New tool sales Assumes horizontal rig count remains at current levels Average selling price: 35 to 40 thousand;…
World-Class Manufacturing Facility Industry leading techniques Created machine tools and systems Fully contained & environmentally friendly facility CHUCK, SDPs proprietary paperless enterprise management system Brazing station…
Adjusted Net Income Reconciliation Twelve Months Ended December 31, December 31, June 30, 2019 2017 2018 TTM GAAP Net Income (Loss) (7,645,917) (58,375) (1,596,882) Add back: Atypical bonus expense 587,500 716,786 893,186…
Adjusted EBITDA Reconciliation Twelve Months Ended December 31, December 31, June 30, 2019 2017 2018 TTM GAAP net income (loss) (7,645,917) (58,375) (1,596,882) Add back: Depreciation and amortization 3,676,598 3,760,231…
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