Drilling Tools International Corporation · NASDAQ:DTI
Drilling Tools International — Q3 2026 Earnings Presentation
46 slides from Drilling Tools International's earnings presentation, Nov 5, 2026
Slide 1: At the Core of Drilling – Investor Presentation Winter 2026
Exhibit 99.1 NASDAQ: DTI At the Core of Drilling Investor Presentation · Winter 2026 dti.inc
Slide 2: Forward-Looking Statements
2 Forward -Looking Statements General: Drilling Tools International Corporation (“DTI”) is making this presentation available No Offer or Solicitation: This presentation is for informational purposes only and Non-GAAP Financial Measures: This presentation includes certain in connection with the rele
Slide 3: Built for Outperformance
Built for Outperformance “At DTI, our focus remains on execution, innovation and building for the future. The energy landscape continues to evolve, and with our pending acquisition of Saltire, we are taking a transformative step toward the balanced, global platform we have been building since going
Slide 4: The Lifecycle to Provide Mission Critical Drilling Tools
The Lifecycle to Provide Mission Critical Drilling Tools Sustainable financial results 26 service and support facilities Expanding global footprint DTI continues to expand globally with $40.6M extensive operations in North America, Europe, Middle East, Africa Q3 2026 revenue reflects broad and throu
Slide 5: Blue Chip Customer Base Across E&P and OFS Companies
Blue Chip Customer Base Across E&P and OFS Companies 325+ Master Service Agreements, many with leading service companies and E&P operators ▪ First-call supplier for leading oilfield service providers in North America ▪ DTI is actively expanding its customer base to further diversify its customer mix
Slide 6: DTI Leadership Team: Experience Matters
DTI Leadership Team: Experience Matters Wayne Prejean Mike Domino Trent Pope Aldo Rodriguez Chairman and CEO EVP, Western Hemisphere EVP, Eastern Hemisphere EVP, Global Sales David Johnson Christian Middleton Veda Ragsdill Jameson Parker Chief Financial Officer VP, Finance VP, Corporate Services VP,
Slide 7: Our Customers & Why They Rent Tools
Our Customers & Why They Rent Tools Benefits operators receive from renting tools (1) Our customers Outsources logistics, inspection, storage & maintenance 11% Fills equipment supply gaps Oilfield Service Companies Immediate equipment availability E&P Operators 47% Other Focus CapEx on core operatio
Slide 8: Comprehensive offering of 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. Drilling Drill Pipe, Hevi-Wate Drill Pipe, Drill Collars, Non-Magnetic
Slide 9: Modern Manufacturing & Repair Services
Modern Manufacturing & Repair Services: Responsive, Scalable and Low Cost ▪ Vertically integrated portion of Directional Tool Rentals (DTR) and rental tool business Broussard, LA ▪ Allows for cost control ▪ Provides a sustainable queue of tools ▪ Bit repair and manufacture ▪ Drill-N-Ream® support Ve
Slide 10: Proprietary COMPASS Order Management System
Proprietary COMPASS Order Management System For customers For DTI ▪ Unique, proprietary ▪ Full catalog of tools and software and support equipment system ▪ Expedites order process ▪ Effective pricing controls ▪ Provides customers ▪ Transaction data centralized order analyzed for strategic management
Slide 11: Executing our Strategic Plan
Executing our Strategic Plan DTI achievements since becoming a public company in June 2023 Revenue Eastern Hemisphere Patented products Grown 19% 16 annually Up from 2 at public listing; Up from <1% of total Since going public in June 2023 ~150 active patents supporting revenue at IPO those technolo
Slide 12: Capital Allocation Strategy: Prioritizing Financial Strength
Capital Allocation Strategy: Prioritizing Financial Strength Through a Disciplined Approach Maintenance & organic 01 02 03 04 Return of capital to Strategic acquisitions Debt paydown growth investments shareholders ▪ Repurchased approximately ▪ Announced four acquisitions ▪ Strong track record of de
Slide 13: Organic Growth Drivers
Organic Growth Drivers Technology Market reach New applications ▪ Expand scope of tools & ▪ Leverage our global footprint ▪ Positioned for drilling services through of distribution and sales applications outside of technological advancements channel to market traditional Oil and Gas ▪ Leading edge d
Slide 14: One Company, One Culture, One Brand – One DTI
One Company, One Culture, One Brand – One DTI Our new brand One company Every acquired business now operates under a single DTI name and identity ▪ All on one financial reporting system and the COMPASS platform Every business acquired, One culture under one roof with a A shared commitment to Strengt
Slide 15: Sustainable Growth: Executing the Plan in Any Environment
Sustainable Growth: Executing the Plan in Any Environment (1) Revenue ($M) vs. Annual global rig count Adjusted Free Cash Flow ($M) vs. Annual global rig count $250 2,000 $25 2,000 $22.0 1,950 1,950 $19.2 $200 $20 $170.0 $17.2 1,900 1,900 $159.6 $154.4 $152.0 $150 $15 $155.0 1,850 1,850 1,800 1,800
Slide 16: Components of Adjusted EBITDA: Capital Discipline
Components of Adjusted EBITDA Leveraging Flexibility to Maintain Capital Discipline and Harvest Adjusted Free Cash Flow Smart capital expenditures ($M) Commentary (1) $7.3 Adj. Free Cash Flow can be directly influenced by Growth CapEx strategy. $17.2 $24.1 $13.0 - $22.0 $19.2 Growth CapEx is company
Slide 17: Peer Adjusted Free Cash Flow Margin Comparisons
(1) Peer Adjusted Free Cash Flow Margin Comparisons (2) Peer Adj. FCF margin comparison 2025 Peer Adj. FCF margin comparison 2026E 20% 20% 17.4% 15.7% 15% 15% 12.0% 11.8% 10.8% 9.2% 10% 10% 7.8% 7.6% 7.5% 7.5% 5.2% 5% 5% 3.5% 0% 0% INVX DTI CLB OIS NOV BOOM INVX DTI OIS NOV CLB BOOM Lost or damaged
Slide 18: Significant Undervaluation Compared to Peers
(1) Significant Undervaluation Compared to Peers EV/EBITDA (2025A) EV/EBITDA (2026E) 11.5x 10.4x 9.7x 9.6x 8.1x 7.8x 7.7x 7.2x 7.1x 6.7x 2.7x 2.7x Manufacturers Diversified NAM Land Offshore NAM Land DTI Manufacturers Diversified Offshore NAM Land NAM Land DTI ² & Capital International Services Dril
Slide 19: Significant Consolidation Upside
Significant Consolidation Upside Targeting Accretive Acquisitions in a Large, Fragmented Industry Large fragmented Existing customer Large facility footprint industry relationships Large universe of potential DTI’s 325+ Master Service Geographic presence in all targets, primarily smaller, Agreements
Slide 20: M&A Pipeline: Significant Consolidation Upside
M&A Pipeline: Significant Consolidation Upside 500+ Large universe of potential targets 100+ Current M&A targets ~25 Active targets in the pipeline Unlocking value through Near-term priority targets acquisition and integration ~5 identified 20
Slide 21: Strategic Rationale: Saltire Energy Acquisition
Strategic Rationale: Saltire Energy Acquisition Saltire Energy Natural strategic fit 02 Transformational scale 01 Similar operating models, distinct Eastern Hemisphere rises to ~40% of pro Consideration geographies and limited customer overlap forma revenue; fleet grows to 100,000+ ~$80M cash + 17.4
Slide 22: Saltire Pro Forma: Higher Margins, Stronger Cash Flow, Lower Leverage
Saltire Pro Forma: Higher Margins, Stronger Cash Flow, Lower Leverage (2) (3) (4) DTI 2026E guidance Saltire run -rate Pro forma DTI Revenue $155M – $170M $50.4M $205M – $220M (1) Adj. EBITDA $35M – $45M $22.5M $58M – $68M Adj. EBITDA margin 23% – 26% 45% 28% – 31% Capital expenditures $22M – $23M $
Slide 23: Geographic segments
Geographic segments Western and Eastern Hemisphere, the 2026 outlook and DTI’s growth strategy. In this section Western Hemisphere Overview Eastern Hemisphere Overview Eastern Hemisphere Expansion 2026 Financial Outlook Differentiated Growth Strategy 23
Slide 24: Western Hemisphere Overview
Western Hemisphere Overview: Sustainable Rental Activity with Major Market Share (1) Q3 2026 product sales Western Hemisphere $7.4M 81% of Q3 2026 revenue ↑ 4% Q/Q (1) Q3 2026 tool rental ▪ Sustainable rental activity with major market share: approximately 50% of all drilling rigs in North America u
Slide 25: Eastern Hemisphere Overview: Expanding International Market Share
Eastern Hemisphere Overview: Expanding International Market Share (2) Eastern Hemisphere Q3 2026 product sales 19% $1.7M of Q3 2026 revenue, up from 15% in Q3 ↑ 294% Q/Q (1) 2025 (2) ▪ Expanded international market share Q3 2026 tool rental since 2024 with the acquisitions of Deep Casing Tools, Euro
Slide 26: Eastern Hemisphere Expansion for a Global Footprint
Eastern Hemisphere Expansion for a Global Footprint Global revenue split: Western | Eastern Hemisphere ’24 ~92% ~8% ’25 ~86% ~14% ’26 ~81% ~19% Pro Forma ~60% ~40% (1) Saltire Western Hemisphere Eastern Hemisphere “Since 2024, we have grown our Eastern Hemisphere business from about 8% of revenue to
Slide 27: 2026 Financial Outlook
2026 Financial Outlook: Delivering Adjusted Free Cash Flow Throughout the Cycle (3) Key guidance summary, FY 2026 01 2026 Adjusted Free Cash Flow impacted by ~$4 $ thousands Low H ig h million of targeted growth investments to support long -term rental agreements that have already started generating
Slide 28: DTI's Differentiated Growth Strategy Creates a Compelling Investment Profile
DTI’s Differentiated Growth Strategy Creates a Compelling Investment Profile 01 A market leader in downhole tools for the Oil & Gas industry Blue chip customers 02 03 Strategic model delivering through -cycle outperformance 04 Proven growth: organic & M&A in a fragmented industry 05 Strong balance s
Slide 29: Additional information
Additional information Corporate update, footprint and product line adoption, ESG and safety. In this section Corporate Update Footprint 2020 vs 2026 Product Line Adoption 2020 vs 2026 ESG & Safety 29
Slide 30: Private Equity Overhang Eliminated
Corporate Update: Private Equity Overhang Eliminated (1) (2) Ownership profile as of 6/21/2023 Current ownership profile Improved float and liquidity ▪ HHEP completed its share distribution ▪ Approximately 90% of shares outstanding now in public float ▪ Former sponsor and insiders now 2.4% collectiv
Slide 31: Eastern Hemisphere Expansion: Footprint in 2020 vs. 2026
Eastern Hemisphere Expansion: Footprint in 2020 vs. 2026 2020 North America Europe 15 0 Middle East Asia 0 0 2026 North America Europe 15 4 Middle East Asia 5 2 31
Slide 32: Product Line Expansion: Market Adoption in 2020 vs. 2026
Product Line Expansion: Market Adoption in 2020 vs. 2026 2020 Middle East 2026 Middle East 32
Slide 33: ESG & Safety are Integral to Our Success
ESG & Safety are Integral to Our Success DTI is committed to environmental stewardship ▪ 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 Environmental ▪ Actively promotin
Slide 34: Financial information
Financial information Financial statements and reconciliations of non- GAAP measures (unaudited). In this section Income Statements Balance Sheet Cash Flow Statement Non-GAAP Reconciliations 2026 outlook Reconciliations 34
Slide 35: Three Months Ended 9/30/2026 Income Statement
Three Months Ended 9/30/2026 Income Statement Drilling Tools International Corporation Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (In thousands of U.S. dollars and rounded) Three months ended September 30, 2026 2025 Revenue, net: Tool rental $ 3 1,969 $ 3 1,859 Prod
Slide 36: Nine Months Ended 9/30/2026 Income Statement
Nine Months Ended 9/30/2026 Income Statement Drilling Tools International Corporation Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (In thousands of U.S. dollars and rounded) Nine months ended September 30, 2026 2025 Revenue, net: Tool rental $ 9 0,451 $ 99,148 Product
Slide 37: Balance Sheet as of 9/30/2026
As of 9/30/2026 Balance Sheet Drilling Tools International Corporation Condensed Consolidated Balance Sheets (Unaudited) (In thousands of U.S. dollars and rounded) September 30, December 31, 2026 2025 ASSETS Current assets Cash $ 2 ,965 $ 3 ,648 Accounts receivable, net 44,607 37,683 Related party n
Slide 38: Nine Months Ended 9/30/2026 Cash Flow Statement
Nine Months Ended 9/30/2026 Cash Flow Statement 38
Slide 39: Reconciliation of Three Months Adjusted EBITDA
Reconciliation of Three Months Ended 9/30/2026 Adjusted EBITDA Drilling Tools International Corporation Reconciliation of GAAP to Non-GAAP Measures (Unaudited) (In thousands of U.S. dollars and rounded) Three months ended September 30, 2026 2025 Net income (loss) $ ( 2,632) $ (904) Add (deduct): Inc
Slide 40: Reconciliation of Nine Months Adjusted EBITDA
Reconciliation of Nine Months Ended 9/30/2026 Adjusted EBITDA Drilling Tools International Corporation Reconciliation of GAAP to Non-GAAP Measures (Unaudited) (In thousands of U.S. dollars and rounded) Nine months ended September 30, 2026 2025 Net income (loss) $ ( 5,962) $ (4,978) Add (deduct): Inc
Slide 41: Reconciliation of Three Months Adjusted Free Cash Flow
Reconciliation of Three Months Ended 9/30/2026 Adjusted Free Cash Flow Drilling Tools International Corporation Reconciliation of GAAP to Non-GAAP Measures (Unaudited) (In thousands of U.S. dollars and rounded) Three months ended September 30, 2026 2025 Net income (loss) $ (2,632) $ ( 904) Add (dedu
Slide 42: Reconciliation of Nine Months Adjusted Free Cash Flow
Reconciliation of Nine Months Ended 9/30/2026 Adjusted Free Cash Flow Drilling Tools International Corporation Reconciliation of GAAP to Non-GAAP Measures (Unaudited) (In thousands of U.S. dollars and rounded) Nine months ended September 30, 2026 2025 Net income (loss) $ ( 5,962) $ (4,978) Add (dedu
Slide 43: Reconciliation of Three Months Adjusted Net Income (Loss)
Reconciliation of Three Months Ended 9/30/2026 Adjusted Net Income (Loss) Drilling Tools International Corporation Reconciliation of GAAP to Non-GAAP Measures (Unaudited) (In thousands of U.S. dollars and rounded) Three months ended September 30, 2026 2025 Net income (loss) $ (2,632) $ ( 904) Add (d
Slide 44: Reconciliation of Nine Months Adjusted Net Income (Loss)
Reconciliation of Nine Months Ended 9/30/2026 Adjusted Net Income (Loss) Drilling Tools International Corporation Reconciliation of GAAP to Non-GAAP Measures (Unaudited) (In thousands of U.S. dollars and rounded) Nine months ended September 30, 2026 2025 Net income (loss) $ (5,962) $ ( 4,978) Add (d
Slide 45: Reconciliation of 2026 Outlook Net Income (Loss) to Adjusted EBITDA
Reconciliation of 2026 Outlook Net Income (Loss) to Adjusted EBITDA Drilling Tools International Corporation Reconciliation of Estimated Consolidated Net Income (Loss) to Adjusted EBITDA (In thousands of U.S. dollars and rounded) (Unaudited) Twelve months ended December 31, 2026 Low High Net income
Slide 46: Reconciliation of 2026 Outlook Net Income (Loss) to Adjusted Free Cash Flow
Reconciliation of 2026 Outlook Net Income (Loss) to Adjusted Free Cash Flow Drilling Tools International Corporation Reconciliation of Estimated Consolidated Net Income (Loss) to Adjusted Free Cash Flow (In thousands of U.S. dollars and rounded) (Unaudited) Twelve months ended December 31, 2026 Low
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