Trican Well Service Ltd. · TSX:TCW
Trican Well Service — Investor Presentation (July 2024)
20 slides from Trican Well Service's investor presentation, July 2024
Slide 1: Corporate Presentation July 2024
Corporate Presentation July 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
Who We Are Corporate Presentation Trican Highlights Financial Healthy Balance We Are Performance Sheet Canada’s largest pressure Industry leading margins No long-term debt pumper - servicing western Achieved 25% ROIC in 2023 Positive net cash position Canada for more than 25 years Consistent Returns
Slide 4: Full Cycle Service Provider
Who We Are Corporate Presentation Full Cycle Service Provider Drilling Cycle ▪ Cementing Services Completion Cycle ▪ Fracturing ▪ Coiled Tubing ▪ Nitrogen Services Production Cycle ▪ Coiled Tubing ▪ Acidizing ▪ Chemical Services ▪ Remedial Cementing 4
Slide 5: Canada's Largest Pressure Pumper
Where We Operate Corporate Presentation Canada’s Largest Pressure Pumper ▪ Largest hydraulic fracturing fleet in Canada • 500,000 HHP out of an industry total of 2.0 million HHP • Seven fracturing crews out of ~ 31 in the basin • Leading market share in Montney and Deep Basin resource plays ▪ Market
Slide 6: Our Strategic Priorities
Our Strategic Priorities Corporate Presentation Deliver 01 Strengthen Existing Business 02 Cost Control and Efficiency Gains Industry ▪ Maintain our market leading ▪ Reduce costs for ourselves and Leading position in fracturing and cementing service lines our clients through efficiency improvements
Slide 7: Financial Highlights
Historical Performance Corporate Presentation Financial Highlights * Information based on external reporting and internal estimates
Slide 8: Historical Return of Capital
Return of Capital to Shareholders Corporate Presentation Historical Return of Capital Historical Return of Over $423 Million Returned to Shareholders Capital Invested over $423 million repurchasing approximately 46% of shares * Dividend Quarterly dividend of $0.045 / share ~ $53 million paid * Divid
Slide 9: Free Cash Flow Allocation
Return of Capital to Shareholders Corporate Presentation Free Cash Flow Allocation Free Cash Flow Balanced Approach - $230 million EBITDAS (1) & No Debt Allocation No intentions to accumulate significant cash Share Repurchases Base NCIB plus opportunistic share purchases Organic Growth Only invest w
Slide 10: Canadian Industry Trends
Canadian Market Dynamics Corporate Presentation Canadian Industry Trends 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 fractur
Slide 11: Industry Capacity
Canadian Market Dynamics Corporate Presentation Industry Capacity Disciplined Approach to Crew Activations ▪ Expecting the hydraulic fracturing market to be stable for H2 2024 ▪ Efficiency gains continue to play a key role in supply and demand fundamentals ▪ Trican has more than half of the idled pu
Slide 12: Tier 4 Dynamic Gas Blending (DGB) Technology
Frac Forward – High Efficiency 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 cle
Slide 13: Tier 4 Dynamic Gas Blending (DGB) Technology
Frac Forward – High Efficiency Frac Fleet Corporate Presentation Tier 4 Dynamic Gas Blending (DGB) Technology Reducing our Consumption and Emissions
Slide 14: Electrification of Ancillary Fracturing Equipment
Frac Forward – High Efficiency 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
Slide 15: Reducing our Environmental Impact and Improving Efficiency
Responsibly Improving Efficiency Corporate Presentation Hydraulic Fracturing ▪ High volume products delivered through bulk logistics, reducing transportation and handling by 50% ▪ Development of proprietary friction reducers that maintain performance in 100% produced water Reducing our ▪ Reduced wat
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 cap
Slide 17: Coiled Tubing Services
Canadian Market Dynamics Corporate Presentation Coiled 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 deman
Slide 18: ESG Sustainability Driven Initiatives
ESG 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 ▪ Dus
Slide 19: Investment Highlights
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 margin driven by
Slide 20: Calgary head office contact details
2900, 645 - 7th Avenue SW Calgary, Alberta, Canada T2P 4G8 +1 403 266 0202 [email protected] www.tricanwellservice.com
Trican Well Service — Investor Presentation (July 2024) on 6ix