Drilling Tools International Corporation · NASDAQ:DTI
Drilling Tools International — FY2025 Earnings Presentation
46 slides from Drilling Tools International's earnings presentation, Mar 5, 2026
Slide 1: Investor Presentation Spring 2026
INVESTOR PRESENTATION SPRING 2026 DRILLINGTOOLS.COM NASDAQ: DTI Exhibit 99.1
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS General: Drilling Tools International Corporation (“DTI”) is making this presentation available in connection with the release of its financial results for the three months ended December 31, 2025. The information contained in this presentation does not purport to be all-i
Slide 3: Overview by the CEO: Built for Outperformance
OVERVIEW BY THE CEO BUILT FOR OUTPERFORMANCE At DTI, we’re focused on execution, innovation and building for the future. The energy landscape is constantly evolving and so are the needs of our customers. This level of change requires great companies that can anticipate, adapt and overcome. I firmly
Slide 4: The Lifecycle to Provide Mission Critical Drilling Tools
THE LIFECYCLE TO PROVIDE MISSION CRITICAL DRILLING TOOLS Extensive Tool Inventory Active rental and market participation on approximately 60% of drilling rigs in North America and growing in the Eastern Hemisphere. Efficient In-House Manufacturing & Repair Facilities Building and Maintaining existin
Slide 5: Blue Chip Customer Base Across E&P and OFS Companies
BLUE CHIP CUSTOMER BASE ACROSS E&P AND OFS COMPANIES 5
Slide 6: DTI Leadership Team Experience Matters
DTI LEADERSHIP TEAM EXPERIENCE MATTERS 6
Slide 7: Our Customers & Why They Rent Tools
OUR CUSTOMERS & WHY THEY RENT TOOLS Outsources Logistics, Inspection, Storage & Maintenance Fill Equipment Supply Gaps Immediate Equipment Availability Focus Capex On Core Operations Eliminates Equipment Redeployment Risk Control Expenses & Inventory Access To the Right Equipment for Any Job Benefit
Slide 8: Comprehensive Offering to Supply Downhole Technology
COMPREHENSIVE OFFERING TO SUPPLY DOWNHOLE TECHNOLOGY ACROSS WELL CONSTRUCTION AND ABANDONMENT OPERATIONS Differentiated and extensive inventory of tools to address the wide-ranging needs of Oil & Gas customers across all regions Heavy Weight Drill Pipe Stabilizer Drill-N-Ream RotoSteer Non-Magnetic
Slide 9: Modern Manufacturing & Repair Services
MODERN MANUFACTURING & REPAIR SERVICES Leduc, CANADA Relocated to a new facility in 2024 Poised to better serve DTI’s client base through a fit for purpose facility Supports Canada and other International locations Responsive, Scalable and Low Cost Vernal, UT Bit repair and manufacture Drill N Ream
Slide 10: COMPASS Customer Order Management Portal and Support System
COMPASS provides the customer traceability and transparency in the rental tool process. Customers can order their own tools online through Compass with an “Amazon style” experience. KEY OPERATIONAL DIFFERENTIATORS Proprietary COMPASS Order Management System Unique, Proprietary Software and Support S
Slide 11: Executing Our Strategic Plan, Delivering Resilient Results
EXECUTING OUR STRATEGIC PLAN DELIVERING RESILIENT RESULTS DTI ACHIEVEMENTS SINCE BECOMING A PUBLIC COMPANY IN JUNE 2023 Executed and fully integrated four acquisitions Deep Casing Tools / Superior Drilling Products / European Drilling Projects / Titan Tools Improved liquidity and strengthened the ba
Slide 12: Capital Allocation Strategy
Capital Allocation Strategy Maintenance & Organic Growth Investments Unique CapEx lever that enables DTI to selectively deploy capital for future strategic growth or harvest Adj. Free Cash Flow Strategic Acquisitions Announced four acquisitions in 2024 that further strengthened business model & dive
Slide 13: Organic Growth Drivers
ORGANIC GROWTH DRIVERS Results will include contributions from all acquisitions to date Leverage our global footprint of distribution and sales channel to market Expand scope of tools & services through technological advancements Leading edge downhole technology for extended reach drilling Proprieta
Slide 14: M&A Growth Strategy: Significant Consolidation Upside
M&A GROWTH STRATEGY: SIGNIFICANT CONSOLIDATION UPSIDE DTI has established a framework and robust pipeline to strategically consolidate the oilfield service rental tool industry through accretive acquisitions Large Fragmented Industry Large universe of potential targets – primarily smaller, specializ
Slide 15: M&A Growth Strategy: M&A Pipeline
M&A GROWTH STRATEGY: SIGNIFICANT CONSOLIDATION UPSIDE M&A Pipeline Large universe of potential targets Current M&A Targets Active Targets in the pipeline Near-Term Priority Targets Identified 500+ 100+ ~25 ~5 Unlock Business Potential and Profit with Acquired Companies 10 15
Slide 16: Synergies
SYNERGIES Clear path to margin enhancement and free cash flow optimization Adjusted Free Cash Flow(1) Growth Adjusted FCF Margin(2) Outlook Adjusted Free Cash Flow is a non-GAAP financial measure. See “Non-GAAP Financial Measures” in the appendix for reconciliations to the most directly comparable f
Slide 17: Sustainable Growth: Executing the Plan in Any Environment
1) Adjusted Free Cash Flow is a non-GAAP financial measure. See “Non-GAAP Financial Measures” in the appendix for reconciliations to the most directly comparable financial measures calculated and presented in accordance with U.S. generally accepted accounting principles (“GAAP”). 2) 2026E represents
Slide 18: Components of Adjusted EBITDA
Source: Company financials and management estimates. 2026E represents the Company’s outlook as of March 5, 2026 as shown on page 25 1) Adjusted Free Cash Flow defined as Adjusted EBITDA less Gross Capital Expenditures 2) Maintenance and Growth percentages for 2026E represent the current forecasted s
Slide 19: Peer Adj. Free Cash Flow Margin Comparisons
Adjusted Free Cash Flow Margin is defined as Adjusted EBITDA less Gross Capital Expenditures divided by Total Revenue Uses actual results for peers that have reported prior to the publish of this deck, otherwise consensus estimates are used Uses midpoint of DTI's 2026 guidance and FY26 consensus est
Slide 20: Significant Undervaluation Compared to Peers
1) Peer buckets compiled using Raymond James’ Public Company Energy Equipment & Services tracker 2) Uses actual results for peers that have reported prior to the publish of this deck, otherwise consensus estimates are used 3) DTI’s multiple was calculated using the stock price as of March 4, 2026, h
Slide 21: New Geographic Segments
(DRILLING TOOLS* INTERNATIONAL NEW GEOGRAPHIC SEGMENTS
Slide 22: Western Hemisphere Overview
Tool Rental (Q/Q) 14% WESTERN HEMISPHERE OVERVIEW Sustainable rental activity with major market share Approximately 60% of all drilling rigs in NA utilize DTI tools and equipment Presence across all major basins in North America A market leader in the deep-water Gulf of America ~63,000 tools deploye
Slide 23: Eastern Hemisphere Overview
Product Sales (Q/Q) 143% Revenue Contribution(2) YTD 2025 Sales(1) Product Rental Western $ 30.9M $ 117.7M Eastern $ 3.0M $ 20.5M 14% Product Service Lines Deployed Rental tools used in bottom hole assemblies (“BHA”) Subs, Stabilizers, Collars, Accessory Tools, Hole Openers WellBore Optimization Too
Slide 24: Eastern Hemisphere Expansion for a Global Footprint
EASTERN HEMISPHERE EXPANSION FOR A GLOBAL FOOTPRINT GLOBAL REVENUE SPLIT WESTERN | EASTERN HEMISPHERE ~8% ~14% ~18% ‘24 ‘25 ‘26 “Our Eastern Hemisphere operations have experienced immense growth since we began our consolidation journey in 2024. This global expansion led to our “One DTI” initiative.
Slide 25: 2026 Financial Outlook
1) Adjusted EBITDA and Adjusted Free Cash Flow are non-GAAP financial measures. See “Non-GAAP Financial Measures” in the appendix for reconciliations to the most directly comparable financial measures calculated and presented in accordance with U.S. generally accepted accounting principles (“GAAP”).
Slide 26: DTI's Differentiated Growth Strategy Creates a Compelling Investment Profile
DTI’S DIFFERENTIATED GROWTH STRATEGY Creates A Compelling Investment Profile 1 A Market Leader in Downhole Tools for the Oil & Gas Industry 2 Blue Chip Customers 3 Strategic Model Delivering Through-Cycle Outperformance 4 Proven Growth: Organic & M&A in Fragmented Industry 5 Strong Balance Sheet / L
Slide 27: Additional Information
(DRILLING TOOLS* INTERNATIONAL ADDITIONAL INFORMATION
Slide 28: Organizational Structure and Insider Ownership
ORGANIZATIONAL STRUCTURE INSIDER OWNERSHIP Company Profile Ownership Profile as of 6/21/2023(3) Ticker: DTI (NASDAQ) Current Change(1) Shares Outstanding 35,661,297 1.3% Market Capitalization (as of 12/31/2025) $87.4M 7.9% Shareholders’ Equity (as of 12/31/2025) $121.9M 0.6% Private Equity (PE) Owne
Slide 29: Historical Footprint 2020 at a Glance
HISTORICAL FOOTPRINT 2020 AT A GLANCE 29 15 North America 0 Europe 0 Middle East 0 Asia
Slide 30: Eastern Hemisphere Expansion: Growing Footprint in 2025
EASTERN HEMISPHERE EXPANSION GROWING FOOTPRINT IN 2025 30 15 North America 4 Europe 5 Middle East 2 Asia
Slide 31: Historical Product Line Adoption 2020 at a Glance
HISTORICAL PRODUCT LINE ADOPTION 2020 AT A GLANCE 31
Slide 32: Product Line Expansion: Growing Market Adoption in 2025
PRODUCT LINE EXPANSION GROWING MARKET ADOPTION IN 2025 32
Slide 33: ESG & Safety Are Integral to Our Success
Governance Social (+Safety) Continuous evaluations and control measures to ensure minimization of waste Pursuing highest levels of operational proficiency to reduce rework, and use of chemicals and waste Actively promoting recycling including extensive rental tool recycling and refurbishment program
Slide 34: Financial Information
(DRILLING TOOLS* INTERNATIONAL FINANCIAL INFORMATION
Slide 35: Full Year 2025 Income Statement
FULL YEAR 2025 INCOME STATEMENT 35
Slide 36: Fourth Quarter 2025 Income Statement
FOURTH QUARTER 2025 INCOME STATEMENT 36
Slide 37: Year End 2025 Balance Sheet
YEAR END 2025 BALANCE SHEET 37
Slide 38: Full Year 2025 Cash Flow Statement
FULL YEAR 2025 CASH FLOW STATEMENT 38
Slide 39: Reconciliation of Full Year 2025 Adjusted EBITDA
RECONCILIATION OF FULL YEAR 2025 ADJUSTED EBITDA 39
Slide 40: Reconciliation of Fourth Quarter 2025 Adjusted EBITDA
RECONCILIATION OF FOURTH QUARTER 2025 ADJUSTED EBITDA 40
Slide 41: Reconciliation of Full Year 2025 Adjusted Free Cash Flow
RECONCILIATION OF FULL YEAR 2025 ADJUSTED FREE CASH FLOW 41
Slide 42: Reconciliation of Fourth Quarter 2025 Adjusted Free Cash Flow
RECONCILIATION OF FOURTH QUARTER 2025 ADJUSTED FREE CASH FLOW 42
Slide 43: Reconciliation of Full Year 2025 Adjusted Net Income (Loss)
RECONCILIATION OF FULL YEAR 2025 ADJUSTED NET INCOME (LOSS) 43
Slide 44: Reconciliation of Fourth Quarter 2025 Adjusted Net Income (Loss)
RECONCILIATION OF FOURTH QUARTER 2025 ADJUSTED NET INCOME (LOSS) 44
Slide 45: Reconciliation of 2025 Outlook
RECONCILIATION OF 2025 OUTLOOK 45
Slide 46: Reconciliation of 2025 Outlook
RECONCILIATION OF 2025 OUTLOOK 46
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