Trican Well Service Ltd. · TSX:TCW
Trican Well Service — Investor Presentation (November 2024)
15 slides from Trican Well Service's investor presentation, November 2024
Slide 1: Corporate Presentation November 2024
Corporate Presentation November 2024
Slide 2: Forward Looking Information Advisory
Forward Looking Information Advisory Corporate Presentation This document contains statements that constitute forward-looking statements within the meaning of applicable securities legislation. These forward-looking statements include, among others, the Company’s prospects, expected revenues, expens
Slide 3: Who We Are: Canada's Largest Pressure Pumper
Who We Are Corporate Presentation Canada’s Largest Pressure Pumper Largest Hydraulic Fracturing Fleet in Canada ▪ 500,000 HHP of ~ 2.0m HHP in the market ▪ Seven crews out of ~ 31 in the market Drilling Cycle ▪ Leading market share in Montney and Duvernay plays ▪ Cementing Services Market Leader in
Slide 4: Our Strategic Priorities
Our Strategic Priorities Corporate Presentation Delivering Industry Leading ROIC 01 Strengthen Existing Business Lines ▪ Maintain our market-leading position in fracturing and cementing service lines ▪ Expand our coiled tubing market share ▪ Activate parked equipment (if return hurdles can be met) 0
Slide 5: Financial Highlights
Financial Highlights Corporate Presentation * Information based on external reporting and internal estimates. 2024E represents adjusted Bloomberg consensus estimates. 5
Slide 6: Historical Return of Capital
Return of Capital Corporate Presentation Historical Return of Capital Historical Return of Over $517 Million Returned to Shareholders Capital Invested over $456 $120,000 360,000 million repurchasing approximately 48% of TCW Shares Outstanding (000's) $100,000 300,000 shares * Annual Spend (000's) $8
Slide 7: Capital Allocation: Free Cash Flow Allocation
Capital Allocation Corporate Presentation Free Cash Flow Allocation Balanced Approach - $230 million EBITDAS (1) & No Debt Sustaining Capital Financial Strategic Flexibility Capital Investments Allocation Priorities Share Base Repurchases Dividend (1) Represents 2024 consensus EBITDAS estimates (2)
Slide 8: Canadian Market Dynamics: Fracturing
Canadian Market Dynamics Corporate Presentation Fracturing Hydraulic Fracturing Intensity Continues to Increase ▪ Continue to see an increase in well service intensity as proppant volumes increase per well ▪ This continues to increase the demand for Trican’s high spec hydraulic fracturing equipment
Slide 9: Tier 4 Dynamic Gas Blending (DGB) Technology
Canadian Market Dynamics Corporate Presentation Tier 4 Dynamic Gas Blending (DGB) Technology Investing to Reduce our Environmental Impact and Improve Efficiency ▪ First company in Canada to deploy Tier 4 DGB low emissions fracturing fleet • Displace up to 85% of diesel fuel with cleaner burning natu
Slide 10: Electrification of Ancillary Fracturing Equipment
Canadian Market Dynamics Corporate Presentation Electrification of Ancillary Fracturing Equipment Focused on Fleet Modernization ▪ Electrification of the blender, chemical addition unit and sand storage equipment ▪ Strategic alignment with ESG and differentiation ▪ Power generation from 100% natural
Slide 11: Canadian Market Dynamics: Cementing
Canadian Market Dynamics Corporate Presentation Cementing Industry Leader in Cementing ▪ Primarily focused in the Montney, Deep Basin and Duvernay with ~ 50% market share ▪ Cement operations track very closely with drilling activity ▪ Longer laterals demand increasingly technical cement capabilities
Slide 12: Canadian Market Dynamics: Coiled Tubing
Canadian Market Dynamics Corporate Presentation Coiled Tubing Focused on Growing our Coil Division ▪ The demand for coil has significantly improved with increased industry activity ▪ Currently operating in a balanced market ▪ Focused on a wide range of coil operations to better manage demand cycles
Slide 13: Sustainability Driven Initiatives
Sustainability Driven Initiatives Corporate Presentation Environment Social Governance ▪ Canada’s first Tier 4 DGB ▪ Safe Work Practices ▪ Ethics Training / Policy Pumping Fleet ▪ Indigenous Relations ▪ Anti-Corruption Training / ▪ Idle Reduction Technology Policy ▪ Bulk Chemical Logistics ▪ Dust Co
Slide 14: Investment Highlights
Investment Highlights Corporate Presentation Canadian Focused Free Cash Flow Strong Balance Sheet ▪ Improving Canadian offtake ▪ Strong Free Cash Flow ▪ Focused on maintaining low capacity and rapidly conversion model leverage to mitigate industry approaching LNG export volatility ▪ Free cash flow m
Slide 15: Calgary head office contact details
2900, 645 - 7th Avenue SW Calgary, Alberta, Canada T2P 4G8 +1 403 266 0202 [email protected] www.tricanwellservice.com
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