Trican Well Service Ltd. · TSX:TCW
Trican Well Service — Merger or Acquisition (July 2025)
13 slides from Trican Well Service's merger presentation, July 2025
Slide 1: Trican Acquisition and Investor Update Presentation
Trican Acquisition and Investor Update Presentation July 2025
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: Acquisition Highlights
Acquisition Highlights Corporate Presentation On Strategy Acquisition that Furthers Trican’s Position as a Leading Energy Services Company in North America Increases Scale and Market Reach in Canada ▪ Adds over four fracturing spreads and 10 coil tubing units ▪ Opportunities to provide complementary
Slide 4: Key Terms of the Acquisition
Iron Horse Energy Services Acquisition Corporate Presentation Key Terms of the Acquisition ▪ Trican will acquire all of the issued and outstanding shares of Iron Horse for approximately $77.35 Purchase Price million in cash and approximately 33.76 million common shares of Trican ▪ Following closing
Slide 5: Overview of Iron Horse Energy Services
Overview of Iron Horse Energy Services Corporate Presentation Fracturing and Coiled Tubing Services Iron Horse Management Team Provider 100% Canadian Focused Operations Tom Coolen, CEO and Chairman ▪ 20+ years of experience in energy ▪ Primarily operating in the Cardium, Charlie Lake, Mannville Stac
Slide 6: Pro Forma Benchmarking
Iron Horse Enhances Trican’s Leading Position Corporate Presentation Pro Forma Benchmarking >150bps increase to FCF conversion 2025E Free Cash Flow Conversion(1) Peer 1 PF Peer 2 Peer 3 Peer 4 TCW Peer 5 Peer 6 Peer 7 Peer 8 Peer 9 Peer 10 Peer 11 Peer 12 Peer 13 Peer 14 Peer 15 Peer 16 Peer 17 Peer
Slide 7: Acquisition Strategically Aligned With Trican
Our Strategic Priorities Corporate Presentation Acquisition Strategically Aligned With Trican Strategic Alignment Trican’s Existing Strategic Priorities to Deliver Industry Leading ROIC with Acquisition? 01 Strengthen Existing Business Lines ▪ Expanding our focus areas in fracturing and cementing se
Slide 8: Canadian Market Dynamics – Fracturing
Canadian Market Dynamics – Fracturing Corporate Presentation Expanding Fracturing Footprint to Service Conventional and Unconventional Oil and Liquids Plays Trican’s High Spec Hydraulic Fracturing Equipment is Ideal for Wells in High Frac Intensity Regions ▪ These regions have continued to see an in
Slide 9: Canadian Market Dynamics – Cementing
Canadian Market Dynamics – Cementing Corporate Presentation Leveraging Expertise to Deliver Complementary Cementing Services in Iron Horse Focus Areas ▪ Trican is widely considered the industry leader in Canadian cementing market • Trican’s assets utilize increasingly technical cement capabilities,
Slide 10: Canadian Market Dynamics – Coiled Tubing
Canadian Market Dynamics – Coiled Tubing Corporate Presentation Acquisition Enhances Operational Expertise in Coiled Tubing Fracturing ▪ The demand for coil continues to improve with increased industry activity • Acquisition adds industry leading coiled tubing integrated fracturing expertise ▪ Acqui
Slide 11: 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 12: Investment Highlights
Investment Highlights Corporate Presentation Canadian Based 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 mar
Slide 13: Trican contact details, Calgary, Alberta
2900, 645 - 7th Avenue SW Calgary, Alberta, Canada T2P 4G8 +1 403 266 0202 info@trican.ca www.tricanwellservice.com
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