OVERVIEW OF TRICAN Strong Financial Position Market capitalization 1 billion (April 6, 2018) Total debt of 103.7 million, cash of 12.7 million (December 31, 2017) Fraction Energy, Industrial, 2% Financial investment in US listed…
EQUIPMENT AS OF FEBRUARY 23, 2018 Service Line Total Active, Active, Idled Market Equipment Manned Maintenance, Share Unmanned Fracturing (HHP) 680,000 455,000 114,000 111,000 30% Cementing (trucks) 67 30 10 27 40% Coil…
MARKET DYNAMICS INCREASING WELL INTENSITY Increased frac intensity and job size improve profitability 2017 total sand volumes increased 112% year-over-year Average stages per well increasing approximately 10% per year Leading…
TRICAN COMPETITIVE ADVANTAGE Strong safety record LTI Rate of 0.19 Technical advantage in Canada Numerous engineers embedded in client offices MVP FracTM system Lightweight cement blends Technology retains and grows market share…
GEOGRAPHIC COVERAGE Horn River Shale British Columbia Alberta Saskatchewan Manitoba Montney FORT ST. JOHN Shale GRANDE PRAIRIE Duvernay Shale WHITECOURT HINTON NISKU LLOYDMINSTER DRAYTON VALLEY Viking RED DEER Tight…
OUTLOOK - 2018 Customer economics in Canadian liquids-rich gas plays are competing with all plays worldwide Driven largely by condensate pricing CDN / US dollar exchange rate helps customer economics Anticipate customer spend for…
OUTLOOK - 2018 83% of revenue from liquids rich and oil plays (Q4 2017) Only 17% of revenue from dry gas customers (Q4 2017) Pricing stable with ability to recover cost increases Focus on driving better crew efficiency and…
OUTLOOK - 2018 Plan to add one additional fracturing crew by Q3 Will evaluate adding additional crews if current pricing and ROCE can be maintained Activated 3 additional cement crews for Q1 Looking at activating additional…
TRICAN COST SAVINGS Minimal fixed cost increases going forward as business improves Lowered fixed/variable cost ratio Fixed costs now 25% of costs as compared to 50% pre-downturn Canyon-Trican combination allows for additional…
GROWTH
GROWTH We will focus on: Being on leading edge of cost and operational efficiencies Achieving cost advantages through size and scale in Canada Separating ourselves through safety, technology, service quality and innovation…
GROWTH Strong earnings potential from existing assets with minimal additional capital investment required Existing asset base generated 347 million adjusted EBITDA in 2014 (see Non-GAAP Measures in the 2014 Annual MD&A for…
ADDITIONAL GROWTH Retained ownership in Keane allows us to participate in U.S. recovery Approximate 5% ownership in Keane Group (FRAC) Trican maintains significant residual value in remaining common stock of Keane and measurable…
ADDITIONAL GROWTH Trican Pro Rata Year Ending Keane Holding Trican Pro Rata Proceeds (1.25 CAD/USD March 2017 Company Proceeds Proceeds Exchange Rate) FRAC USD 14.00 share price: 2018 (March 16, 2018 March 15, 2019) USD797 million…
INNOVATION
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…
FINANCIAL OVERVIEW
AS OF DECEMBER 31, 2017 43 million drawn on 227 million revolving credit facility 227 million revolving credit facility is committed until April 2020 57 million of Senior Notes Debt of approximately 103.7 million (excludes cash…
SHARE BUYBACK NCIB in place to purchase up to 10% of Trican shares before October 2, 2018 Purchased approximately 11.9 million shares at a weighted average share price of 4.27 per share from October 2017 to February 21, 2018…
INVESTMENT ADVANTAGES Largest Canadian pressure pumping company Included in S&P TSX Index Executing on share buyback Significant earnings potential on existing assets No significant capital investment required for…
SUMMARY Number of Outstanding Shares (as of March 31, 2018): 331 million Average Daily Volume (one month period): 4.7 million (as of March 31, 2018) Directors/Officers Ownership: 1.1% (approx. - diluted basis) Market Cap (as…
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