Drilling Tools International Corporation · NASDAQ:DTI
Drilling Tools International — Merger or Acquisition (October 2026)
14 slides from Drilling Tools International's merger presentation, Oct 8, 2026
Slide 1: Building for the Future: DTI to Acquire Saltire Energy
Exhibit 99.2 NASDAQ: DTI BUILDING FOR THE FUTURE DTI TO ACQUIRE SALTIRE ENERGY DRILLINGTOOLS.COM
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS This presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), including statements within t
Slide 3: Transaction Overview by the CEO: Acquiring Saltire Energy
TRANSACTION OVERVIEW BY THE CEO Acquiring Saltire Energy Building for the Future This transaction brings together two highly complementary businesses to create a larger, more balanced and resilient global platform. The addition of Saltire is expected to meaningfully improve our scale, expand our Eas
Slide 4: Transaction Highlights
Transaction Highlights 1 Natural Strategic Fit 2 Transformational Scale and Diversification 3 Immediate Financial Enhancement Building for the Future 4 Compelling Standalone Economics 5 Clear Deleveraging Path 6 Long-term Seller Alignment 4
Slide 5: Delivering Value to Customers & Stockholders
Building for the Future Delivering Value to Customers & Stockholders Customers Stockholders • Meets growing demand with a • Provides enhanced exposure to global one-stop-shop platform global rig activity and energy security tailwinds • Proven, high-performing teams with deep knowledge and expertise
Slide 6: Structured for Success
Structured for Success • Cash consideration – approximately $80 million • Share consideration – 17.4 million shares Deal Structure • Accretive cash and stock transaction • Chairman & CEO: Wayne Prejean Leadership & Governance • Mike Loggie, Saltire’s founder, and all members of Saltire’s management
Slide 7: Combination Accelerates Value Creation
Combination Accelerates Value Creation Broader Reach, Better Industry-Leading Free Stronger Balance Sheet Service Cash Flow • Accelerates deleveraging • Superior customer • Anticipate higher EBITDA with disciplined use of service margins and stronger capital cash generation • Deeper customer • Stren
Slide 8: Eastern Hemisphere Expansion
Eastern Hemisphere Expansion Reinforcing a Strong Foundation within Strategic Growth Markets +Saltire ~8% ~14% ~18% EASTERN HEMISPHERE ~40% % OF REVENUE (1) 2024 2025 2026 Pro Forma DTI Utilizing Cutting Edge & Mission Critical Drilling Tools BHA Components Pipe & Tubular Pressure Control 1) Pro for
Slide 9: Strategically Aligned with Activity
Strategically Aligned with Activity Adding the Eastern Hemisphere to DTI's North American core North America — DTI's Core Market Eastern Hemisphere — Scaled Access via Saltire 765 $113B 910 $69B (1) (1) (1) (1) Active rigs D&C spending Active rigs D&C spending Middle East 500 United States 570 Asia-
Slide 10: Global Spending and Rig Forecast
Global Spending and Rig Forecast Increasing Exposure to Expanding Markets (1) (1) Regional D&C Spending ($bn) Regional Rig Count Projections 130% United States $300 United States Canada Canada 127% Central & South America Central & South America Europe 125% Europe Africa Africa $250 Middle East Midd
Slide 11: One Global Platform Serving More Customers
One Global Platform Serving More Customers (1) Complementary Customer Base Supports Growth DTI Shared Customers Saltire Established relationships with both companies today 1) Based on historically material customer relationships for both companies 11
Slide 12: Combined Earnings Power
Combined Earnings Power Margin Expansion and Strong Cash Conversion (2) (3) (4) DTI 2026E Saltire Pro Forma DTI + = Guidance Range Run-rate Combined Revenue $155M – $170M $50.4M $205M – $220M (1) $35M – $45M $22.5M $58M – $68M Adj. EBITDA 23% - 26% margin 45% margin 28% - 31% margin Capital Expendit
Slide 13: Transaction Supports Deleveraging
Transaction Supports Deleveraging ✓ Transaction expected to Strong free cash flow generation supports immediate be accretive to margins deleveraging and accelerates investments in future and Adjusted FCF without growth opportunities cost synergies in Year 1, promoting immediate Expected Debt Reducti
Slide 14: Transaction Takeaways
Transaction Takeaways Transformational Scale and Natural Strategic Fit Diversification Highly complementary businesses — Eastern Hemisphere increases to ~40% of pro similar operating models, distinct forma revenue, balancing stable Western geographies and limited customer overlap Hemisphere cash flo
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