Trican Well Service Ltd. · TSX:TCW
Trican Well Service — Investor Presentation (September 2023)
20 slides from Trican Well Service's investor presentation, September 2023
Slide 1: Corporate Presentation September 2023
-—- : "{ D Ta Corporate Presentation September 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: $960 million Adjusted EBITDAS: $248 million (26%) Net Earnings: $120 million (13%) Free Cash Flow: $204 million (21%) (Trailing Twelve Months) The Goal To generate industry lea
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 9 \ FORT ST. JOHN * 529,000 HHP out of an industry total of 1.9 9 « GRANDE PRAIRIE million HHP 9 WHITECOURT * Seven fracturing crews out of ~ 32 in the basin 9 “
Slide 6: Making an Impact
CTRICAN ] 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 ancil
Slide 7: 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 8: Our Financial Position
CTR CAN] Our Financial Position Corporate Presentation Focus on Free Cash Flow Generation Free Cash Flow Trican Free Cash Flow (thousands) /20Q4/20 QU21 Q2/21 Q3/21 Q4/21 QI/22 Q2/22.Q3/22.Q4/22 QI/23 Q2/23 go | -$10,900 ou \ -$20,900 1) Free cash flow isnot a clefined term under IFRS and is conside
Slide 9: Return of Capital
CFRICAN] Return of Capital Corporate Presentation Return of Capital Strategy Share Repurchases (thousands) "Invested over $356 million repurchasing more $400,000 409,000 than 41% of the Company’s shares since October $350,000 850,000 ,, 2017 B $200,000 00,000 S g 8 * 20 million shares repurchased si
Slide 10: Canadian Market Dynamics
CFRICAN] Canadian Market Dynamics Corporate Presentation Canadian Industry WCSB - Tonnes & Frac Days / Well 3000 5 Trends le 3 = 2000 3 = ; - : . = 1500 z Hydraulic Fracturing Intensity Continues to 8 000 ed g 8 Increase 2 aol - = Continue to see an increase in well service intensity as . 2018 2O14
Slide 11: 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 12: Trican is an Industry Leader in Cementing
CTRICAN| 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 C
Slide 13: Trican is Focused on Growing our 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 14: 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 15: Reducing our 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 Scope 1 & 3 Greenhouse Gas Emissions Per Day Fuel Cost Per Day 250 $140,000 $120,000 200 $100,000 ws $20,000 6,337 $126,128 100 $60,000
Slide 16: 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 17: Responsibly Improving Efficiency
CTRICAN ] 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 perf
Slide 18: 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 19: 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 20: Calgary head office contact details
2900, 645 - 7th Avenue SW Calgary, Alberta, Canada T2P 4G8 +1 403 266 0202 info@trican.ca www.tricanwellservice.com
Trican Well Service — Investor Presentation (September 2023) on 6ix