Trican Well Service Ltd. · TSX:TCW
Trican Well Service — Investor Presentation (September 2025)
14 slides from Trican Well Service's investor presentation, September 2025
Slide 1: Corporate Update
Corporate Update September 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: Who We Are: Canada's Largest Pressure Pumper
Who We Are Corporate Presentation Canada’s Largest Pressure Pumper Largest Hydraulic Fracturing Provider in Canada ▪ Eleven crews (Including Iron Horse) out of ~ 32 in the market ▪ Five Tier IV crews totaling 210,000 HHP ▪ Leading market share in Montney and Duvernay plays and Drilling Cycle unconve
Slide 4: Our Strategic Priorities
Our Strategic Priorities Corporate Presentation Deliver Industry Leading ROIC Strategic Alignment with Iron Horse Acquisition 01 Strengthen Existing Business Lines ▪ Expanding our focus areas in fracturing and cementing service lines ▪ Expand our presence in coiled tubing ▪ Optimize fleets an
Slide 5: Iron Horse Acquisition Improves Trican's Position in Canada
Iron Horse Acquisition Corporate Presentation Improves Trican’s Position as a Leading Pressure Pumping Company in Canada Increases Scale and Market Reach in Canada ▪ Adds over four fracturing spreads and 10 coil tubing units ▪ Opportunities to provide complementary completions solutions to customers
Slide 6: Iron Horse: Fracturing and Coiled Tubing Services Provider
Iron Horse Acquisition Corporate Presentation Fracturing and Coiled Tubing Services Provider Iron Horse Management Team 100% Canadian Focused Operations Tom Coolen, CEO and Chairman ▪ 20+ years of experience in energy ▪ Primarily operating in the Cardium, Charlie Lake, Mannville Stack, Viking, Montn
Slide 7: Annual Key Financial Metrics
Financial Highlights Corporate Presentation Annual Key Financial Metrics * 2025E and 2026E represents consensus estimates 7
Slide 8: Historical Return of Capital
Financial Highlights Corporate Presentation Historical Return of Capital Historical Return of Over $596 million Returned to Shareholders Capital Invested over $508 $120,000 360,000 million repurchasing approximately 51% of TCW Shares Outstanding (000's) $100,000 300,000 shares * Annual Spend (000's)
Slide 9: Free Cash Flow Allocation
Financial Highlights Corporate Presentation Free Cash Flow Allocation Balanced Approach - $308 million EBITDA (1) Sustaining Capital Strategic Financial Flexibility Capital Investments / M&A Allocation Priorities Share Base Repurchases Dividend (1) Represents 2026 consensus EBITDA estimates (2) Repr
Slide 10: 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 11: 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 12: 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 13: Sustainability Driven Initiatives
Sustainability Driven Initiatives Corporate Presentation Environment Social Governance ▪ Canada’s largest Tier 4 DGB ▪ Safe Work Practices ▪ Ethics Training / Policy Pumping Fleet ▪ Indigenous Relations ▪ Anti-Corruption Training / ▪ Idle Reduction Technology Policy ▪ Bulk Chemical Logistics ▪ Dust
Slide 14: 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
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