Trican Well Service Ltd. · TSX:TCW
Trican Well Service — Investor Presentation (April 2023)
19 slides from Trican Well Service's investor presentation, April 2023
Slide 1: Trican Corporate Presentation April 2023
TRICAN Corporate Presentation April 2023
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: Who We Are
CFRICAN] Who We Are Corporate Presentation About Trican We Are Canada’s largest pressure pumper Financial Snapshot Revenue: $866 million Adjusted EBITDAS: $198 million (23%) Net Earnings: $79 million (9%) (2022 Annual) The Goal To generate industry leading returns in an environmentally and socially
Slide 4: Full Cycle Technical and Operational Service Provider
CFRICAN] Full Cycle Technical and Operational Service Provider Who We Are 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
CFRICAN] Where We Operate Corporate Presentation Trican is Canada’s Largest Pressure Pumper = Largest hydraulic fracturing fleet in Canada \ FORT ST. JOHN ~ 530,000 HHP out of an industry total of 1.9 99 . GRANDE PRAIRIE million HHP WHITECOURT = Market leader in cementing services 99 “GTR eh = Suppo
Slide 6: Our Strategic Priorities
CFRICAN]| Our Strategic Priorities Corporate Presentation Deliver Industry Leading ROIC O1 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) O3
Slide 7: Our Financial Position
CFRICAN] Our Financial Position Focus on Free Cash Flow Generation Free Cash Flow $85,000 $65,000 $45,000 $25,000 $5,000 -$15,000 -$35,000 Corporate Presentation Trican Free Cash Flow (thousands) auj20 M@™M™FreeCashFlow = =Free Cash Flow Yield 1) Free cash flow isnot a clefined term under IFRS and i
Slide 8: Return of Capital
CFRICAN] Return of Capital Corporate Presentation Return of Capital Strategy Share Repurchases (thousands) * Invested over $328 million repurchasing more $350,000 400,000 than 38% of the Company’s shares since $300,000 350,000 ,, October 2017 © geso000 800,000 5 g , § * 9.8 million shares repurchase
Slide 9: Canadian Market Dynamics
CFRICAN] Canadian Market Dynamics Corporate Presentation WCSB - Tonnes & Frac Days/ Well Canadian Industry : 3 = Trends 3 coo “3 . . . . é 1,500 2 Hydraulic Fracturing Intensity Continues to 8 sc00 2a Increase Bony if [ L2 a | = Continue to see an increase in well service intensity as proppant volum
Slide 10: Canadian Industry Capacity
CFRICAN] Canadian Industry Capacity Trican has the Largest Hydraulic Fracturing Fleet in Canada = Expecting the hydraulic fracturing market to be very busy in 2023 = Efficiency gains continue to play a key role in supply and demand fundamentals = Trican has almost half of the idled pressure pumping
Slide 11: Canadian Market Dynamics: Cementing
CFRICAN] Canadian Market Dynamics Corporate Presentation Canadian Industry Capacity Trican is an Industry Leader in Cementing Cement operations track very closely with drilling activity Longer laterals demand increasingly technical cement capabilities Trican services approximately 1/3 of the Canadia
Slide 12: Canadian Market Dynamics: Coil Division
CFRICAN] Canadian Market Dynamics Corporate Presentation Canadian Industry Capacity Trican is Focused on Growing our Coil Division = The demand for coil has significantly improved with increased industry activity = Currently in an undersupplied market = Focused on a wide range of coil operations to
Slide 13: Frac Forward — Advanced Low Emission Frac Fleet
CTRICAN ] Frac Forward — Advanced 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 dies
Slide 14: Tier 4 DGB: Reducing Consumption and Emissions
CTRICAN ] Frac Forward — Advanced Low Emission Frac Fleet Corporate Presentation Tier 4 Dynamic Gas Blending ( DGB) Technology Reducing our Consumption and Emissions 250 200 150 100 Scope 1 & 3 Greenhouse Gas Emissions Per Day Fuel Cost Per Day $140,000 $120,000 $100,000 $20,000 6,337 $00,000 $126,1
Slide 15: Electrification of Ancillary Fracturing Equipment
CTRICAN ] Frac Forward — Advanced 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 = P
Slide 16: Responsibly Improving Efficiency
CTRICAN ] Responsibly Improving Efficiency Corporate Presentation Hydraulic Fracturing = High volume products delivered through bulk logistics, reducing Red ucing our transportation and handling by 50% = Development of friction reducers that maintain performance in 100% Environmental | eee = Reduced
Slide 17: ESG Sustainability Driven Initiatives
Environment Canada’s first Tier 4 DGB Pumping Fleet Idle Reduction Technology Bulk Chemical Logistics Concentrated Chemical Dry Chemical Portfolio Sand Logistics Optimization High TDS Tolerant Chemical Portfolio Sustainable Cement - surface casing vent flow mitigation Eco Accumulator Skid (CT - Sola
Slide 18: Investment Highlights
Investment Highlights Corporate Presentation = Canadian basin bottlenecks removed and LNG close to onstream Canadian Growth * Increasing global focus on the importance of energy security = Ownalmost half of the spare pumping capacity in Canada "Free cash flow margin driven by corporate focus on effi
Slide 19: 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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