Trican Well Service Ltd. · TSX:TCW
Trican Well Service — Investor Presentation (June 2023)
21 slides from Trican Well Service's investor presentation, June 2023
Slide 1: Corporate Presentation June 2023
~ CAN Corporate Presentation June 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
TRICAN Who We Are Corporate Presentation About Trican We Are The Goal +25 Years Canada’s largest To generate industry leading Trican has been servicing pressure pumper returns in an environmentally wells in western Canada and socially responsible for more than 25 years manner Financial Low Emission
Slide 4: Who We Are
TRICAN Who We Are Corporate Presentation Drilling Cycle " Cementing Services Full Cycle Technical and Operational Service Provider Completion Cycle = Fracturing "Coiled Tubing = Nitrogen Services Production Cycle = Coiled Tubing = Acidizing =" Chemical Services = Remedial Cementing
Slide 5: Where We Operate
TRICAN Where We Operate Trican is Canada’s Largest Pressure Pumper = Largest hydraulic fracturing fleet in Canada * 529,000 HHP out of an industry total of 1.9 million HHP * Seven fracturing crews out of ~ $2 in the basin = Market leader in cementing services = Supporting service lines: coil tubing,
Slide 6: Making an Impact
Making an Impact Corporate Presentation Strategic Initiatives = Optimized our organization to meet current industry demands ¢ $72 million in annualized fixed cost and G&A reductions & from 2018 = Significant investments in new technology * $106 million in Tier 4 DGB fleets and electric ancillary equ
Slide 7: 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) O83
Slide 8: Trican Historical
TRICAN Trican Historical Q1 Results Trican Q1 Revenue (thousands) $350,000 $300,000 $250,000 2 $200,000 B 81500000 $100,000, =anite go Qyi7 qQy20 qua. quj2e ques @ Revenue = Historically we were operating more active crews than today * Thirteen frac crews in 2017 vs. seven today Our Financial Positi
Slide 9: Our Financial Position
Our Financial Position Corporate Presentation Trican Free Cash Flow (thousands) Focus on Free Cash Flow Generation Free Cash Flow 10% Free Cash Flow Margin MMM Free CashFlow —=Free Cash Flow Margin
Slide 10: Return of Capital
TRICAN Return of Capital Strategy Invested over $328 million repurchasing more than 38% of the Company’s $350,000 shares since October 2017 $800,000 z $250,000 * 10.8 million shares a } $200,000 i 2 repurchased since z e1s9000 December 31, 2022 E 3 $100,000 The Corporation declared $50,000 and paid
Slide 11: Canadian Industry Trends
TRICAN Canadian Industry Trends Hydraulic Fracturing Intensity Continues to Increase = Continue to see an increase in well service intensity as proppant volumes and frac days increase per well = This continues to increase the demand for Trican’s high spec hydraulic fracturing equipment Tonnes Pumped
Slide 12: Canadian Industry Capacity
TRICAN Canadian Industry Capacity Trican has the Largest Hydraulic Fracturing Fleet in Canacia 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 equipme
Slide 13: Canadian Market Dynamics: Cementing
Canadian Market Dynamics Corporate Presentation Canadian Industry Capacity Tricanis 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 Canadian ma
Slide 14: Canadian Market Dynamics: Coil Division
Canadian Market Dynamics Corporate Presentation Canadian Industry Capacity Tricanis Focused on Growing our Coil Division * The demand for coil has significantly improved with increased industry activity = Currently in an undersupplied market " Focused ona wide range of coil operations to better mana
Slide 15: 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 16: Frac Forward — Reducing Consumption and Emissions
TRICAN Frac Forward —Low Emission Frac Fleet Tier 4 Dynamic Gas Blending (DGB) Technology Reducing our Consumption and Emissions Scope 1 & 3 Greenhouse Gas Emissions Per Day 250 200 150 100 50 ° Tier4 Legacy Tier 2 Legacy Diesel DGB Pumps DualFuel Pumps Pumps with RT WScope 1 Emissions (Tonnes CO2e/
Slide 17: 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 18: 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 friction reducers that maintain perfor
Slide 19: ESG Sustainability Driven Initiatives
TRICAN 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
Slide 20: Investment Highlights
CTFRICAN] 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
Slide 21: Contact
RICA 2900, 645 - 7th Avenue SW Calgary, Alberta, Canada T2P 4G8 +1403 266 0202 [email protected] www.tricanwellservice.com
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