OVERVIEW OF TRICAN YEAR TO DATE JUNE 30, 2015 Large, international, full service Revenue by Geography pressure pumping company 17% 43% 1,083,500 HP available fracturing USA International Canada capacity 40% 87…
COMPETITIVE ADVANTAGES Customer-focused provider of technical solutions Separate ourselves with technology Technology must reduce /BOE for our customers or lower our costs Product development is a quick, customer-focused…
CANADA 5
CANADA Trican is the largest pressure pumper in Canada Trican offers full services in Canadian market which balances revenue and profitability Canadian market has fewer competitors (6 vs. over 30 in the U.S. market)…
GEOGRAPHIC COVERAGE Horn River FORT NELSON HIGH LEVEL Shale British Columbia Alberta Saskatchewan Manitoba Montney FORT ST. JOHN Shale RED EARTH GRANDE PRAIRIE Duvernay WHITECOURT Shale HINTON NISKU LLOYDMINSTER DRAYTON…
CANADA - OUTLOOK 2015 well count expected to be down by roughly 50% compared to 2014 and 37% compared to 2009* Trican activity will not be down the full 50% 35% of equipment expected to remain parked during 2015; anticipate…
CANADA COST CUTTING Product Costs Largest element of cost structure Have achieved almost 15% reduction to date Targeting 20% reductions to match our pricing declines People Have reduced Canadian employee base by 40% 57% total…
USA OUTLOOK U.S. rig count down 55% from peak Pricing stabilizing - down approximately 30% from peak Expect to operate 50% of available equipment over the remainder of 2015 Utilization improved to 65% in June and July;…
US - COST CUTTING Product costs Have achieved 18.5% reduction to date Targeting 20 to 23 % reductions People Have reduced employee base by 56% Salary reductions of 10% Expected annual fixed cost reductions of 71 million…
CORPORATE - COST CUTTING People Costs Salary and benefits reductions - Salary reductions of 10% - Temporary suspension of certain benefits Reduced Corporate employee base by 18% Total annualized cost reductions of 24…
RUSSIA & KAZAKHSTAN 15
SALE OF RUSSIA & KAZAKHSTAN Closed sale of Russian business for 197 million CDN Includes first tranche of working capital adjustment We believe a sale was in the best interest of shareholders given our long term view of the…
COMPLETION TOOLS 17
COMPLETION TOOLS Operations in Norway, Russia, USA and Canada Offer multistage frac tools, completion and intervention tools for both open hole and cemented installations Competitive advantage with patented completion system…
AFTER THE DOWNTURN 19
POSITIVES AFTER THE DOWNTURN The importance of the services we provide to the industry Well completions costs (primarily fracturing) represent 50% of total well costs Unconventional North American oil and gas plays cannot be…
POSITIVES AFTER THE DOWNTURN Competitive landscape changing Baker-Halliburton merger will create opportunities in all of our markets U.S. competitive landscape will change - Smaller competitors struggling to survive -…
POSITIVES AFTER THE DOWNTURN Substantial completions backlog Currently estimating over 4,500 drilled but uncompleted wells in the US market Bodes well for an increase in fracturing demand coming out of the downturn Oil supply…
CHANGES TO PRESSURE PUMPING We will focus on: Being on the leading edge of cost and operational efficiencies Achieving cost advantages through size and scale in active regions Separating ourselves through technology and…
INNOVATION 24
INNOVATION Trican focuses on separating itself with technology Technology must reduce /BOE for our customers or lower our costs MVP FracTM Patented chemical solution that reduces proppant settling in slick water fracs Strong…
INNOVATION TriVertTM Diverting Agent Can be used in new completions or refracturing treatments Redirects fluid into new sections of the wellbore Contains particles that dissolve with time and temperature Expected to result…
TRICAN RESERVOIR SOLUTIONS Geological Solutions Offer unconventional rock analysis, core testing and rock mechanics Reservoir Solutions Reservoir model that integrates geological and frac data to optimize long-term reservoir…
SUSTAINABLE INNOVATION EcoClean Fluids Continuing to expand our line of environmentally friendly fracturing fluids Water Management and Reduction Developed a 100% recycled water crosslinked fluid solution with no mechanical…
FINANCIAL OVERVIEW 29
DEBT STRUCTURE Current outstanding and available debt at June 30, 2015 454 million in fixed rate notes payable - 147 million due by April 2016 245 million drawn on revolving credit facility 368 million of cash and available debt…
CASH FLOW Managing cash flow and liquidity a key focus in 2015 Dividend suspended until financial performance improves Total capital spend in 2015 expected to be 35 to 45 million No expansion initiatives will be considered…
INVESTMENT ADVANTAGES Significant earnings potential on existing assets Low capital expenditures in 2015 and 2016 Free cash flow in 2015 Strong Canadian business that historically weathers the storm Strong management team that…
SUMMARY Number of Outstanding Shares (as of August 31, 2015): 148.9 million Average Daily Volume (one month period): 1,647,604 (as of August 31, 2015) Directors/Officers Ownership: 2.0% (approx. - diluted basis) Market…
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