Trican Well Service Ltd. · TSX:TCW
Trican Well Service — Investor Presentation (April 2024)
20 slides from Trican Well Service's investor presentation, April 2024
Slide 1: Corporate Presentation April 2024
Corporate lon Presentat April 2024
Slide 2: Forward Looking Statements
Forward Looking Statements 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, expenses, profit
Slide 3: Trican Highlights
TRICAN Trican Highlights We Are Canada’s largest pressure pumper - servicing western Canada for more than 25 years Consistent Returns for Shareholders Active and consistent NCIB 43% of shares repurchased since 2017 Quarterly dividend - increased 12% per share for 2024 Who We Are Corporate Presentati
Slide 4: Who We Are: Full Cycle Service Provider
TRICAN Who We Are Full Cycle Service Provider Corporate Presentation Drilling Cycle Cementing Services Completion Cycle Fracturing Coiled Tubing Nitrogen Services Production Cycle Coiled Tubing Acidizing Chemical Services Remedial Cementing
Slide 5: Where We Operate
Where We Operate Corporate Presentation Canada’s Largest Pressure Pumper = Largest hydraulic fracturing fleet in Canada * 524,100 HHP out of an industry total of 1.8 million HHP * Seven fracturing crews out of ~ $2 in the basin * Leading market share in Montney and Deep Basin resource plays = Market
Slide 6: Our Strategic Priorities
TRICAN Our Strategic Priorities Deliver Industry Leading ROIC Corporate Presentation O01 Strengthen Existing Business Maintain our market leading position in fracturing and cementing service lines Expand our coil tubing market share Activate parked equipment (if return hurdles can be met) 03 Shareho
Slide 7: Historical Performance: Financial Highlights
Historical Performance Corporate Presentation Financial Highlights §200000 $1,000,000 $800,000 9600,000 $400.00 $200,000 Ss) $397,019 2020 -$0.86 Revenue (thousands) $280,000 $972,681 $866,295 200000 §159,000 $562,479 s109000, 850200 $14,624 oo iim cara e022 2028 2020 Earnings per Share- Basic A0% $
Slide 8: Return of Capital to Shareholders
Return of Capital to Shareholders Corporate Presentation Historical Return of Capital Over $410 Million Returned to Shareholders Historical Return of Capital Return of Capital to Shareholders Invested over $376 $120,000 90,000 million repurchasing . “ @ approximately 42% > $100,000 8 of shares 3 309
Slide 9: Free Cash Flow Allocation
Return of Capital to Shareholders Corporate Presentation Free Cash Flow Allocation Balanced Approach - $230 million EBITDAS & No Debt $250,000 $230,000 $53,000 $200,000 $36,000 $150,000 8 $35, § 8 é $100,000 $48,000 $50,000 $78,000 $0 EBITDAS (1) Taxes & interest (2) Maintenance Capital (8) Dividend
Slide 10: Canadian Market Dynamics
Canadian Market Dynamics Corporate Presentation Canadian Indu stry Montney & Duvernay- Tonnes / Well Trends Hydraulic Fracturing Intensity 4000 Continues to Increase 3000 =" Continue to see an increase 2,000 in well service intensity as 1,000 [] Z proppant volumes increase - per well 2013 2014 2015
Slide 11: Industry Capacity: Disciplined Approach to Crew Activations
TRICAN Industry Capacity Disciplined Approach to Crew Activations Expecting the hydraulic fracturing market to be very busy for Q1 2024 Efficiency gains continue to play a key role in supply and demand fundamentals Trican has more than half of the idled pumping equipment in Canada Industry and custo
Slide 12: Frac Forward — Low Emission Frac Fleet
Frac Forward —Low Emission Frac Fleet 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
Slide 13: Reducing our Consumption and Emissions
TRICAN Frac Forward — Low Emission Frac Fleet 250 150 100 Tier 4 Dynamic Gas Blending (DGB) Technology Reducing our Consumption and Emissions Scope 1 & 3 Greenhouse Gas Emissions Per Day Tier DGB Pumps with RT Scope Emissions (Tor Legacy tier Duel Fuel Pumps nes CO2@/Day) = Scope 3Emissions| Legacy
Slide 14: Electrification of Ancillary Fracturing Equipment
Frac Forward —Low Emission Frac Fleet 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
Slide 15: Responsibly Improving Efficiency
TRICAN Responsibly Improving Efficiency Corporate Presentation Reducing our Environmental Impact and Improving Efficiency Hydraulic Fracturing High volume products delivered through bulk logistics, reducing transportation and handling by 50% Development of proprietary friction reducers that maintain
Slide 16: Cementing Services
Canadian Market Dynamics Corporate Presentation Cementing Services 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 capabilit
Slide 17: Coil Tubing Services
Canadian Market Dynamics Corporate Presentation Coil Tubing Services 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
Slide 18: ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪
▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪
Slide 19: Investment Highlights
CT RICAN] Investment Highlights Corporate Presentation Investment Highlights =" Canadian basin bottlenecks removed and LNG close to onstream Canadian Growth = Increasing global focus on the importance of energy security = Own almost half of the spare pumping capacity in Canada = Free cash flow margi
Slide 20: RICA
RICA 2900, 645 - 7th Avenue SW Calgary, Alberta, Canada T2P 4G8 +1403 266 0202 [email protected] www.tricanwellservice.com
Trican Well Service — Investor Presentation (April 2024) on 6ix