Investor Presentation January 2015 PLATFORM FOR GROWTH
OVERVIEW OF TRICAN Large, world-wide, full service REVENUE BY GEOGRAPHY pressure pumping company 9 months ending September 30, 2014 International International 14% Canada Russia (majority) 45% Kazakhstan Australia Norway…
TRICAN STRENGTHS PLATFORM FOR GROWTH 4
TRICAN STRENGTHS Focus on safety, technology, and operational performance Fracturing HP Growth Significant earnings potential on 1,400,000 1,200,000 existing assets 1,000,000 800,000 1,193,000 HP current fracturing…
TRICAN STRENGTHS Our people are our strength 6,450 skilled employees worldwide Named one of Canadas Top Employers for Young People for 2013, one of Canadas Top Employers for 2014 and 2015, and one of Canadas Top Family…
STRENGTHS FULL SERVICES Service Line % of 2014 Revenue (at September 30, 2014) Fracturing 79% Cementing 11% Coiled Tubing 3% Nitrogen 4% Acidizing & Specialty 2% Chemicals Industrial & Pipeline 1% Services PLATFORM FOR…
COMPETITIVE ADVANTAGES Customer-focused provider of technical solutions Separate ourselves with technology Named one of Canadas top 100 Corporate R&D spenders in 2012, 2013 and 2014 (by Research Infosource Inc.) Product…
AREAS OF OPERATION Canada United States Russia Kazakhstan Norway Australia Saudi Arabia Colombia PLATFORM FOR GROWTH 9
CANADA PLATFORM FOR GROWTH 10
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 EQUIPMENT - 2014 Current Canadian fleet Canadian HP Growth 440,000 fracturing HP 450,000 400,000 55 Cementing units 350,000 38 N2 Pumpers 300,000 250,000 19 Acid Units 200,000 150,000 16 Coil Units 100,000…
CANADA - OUTLOOK Strong activity in Q1 2015 Slower second half of 2015 as customers cash flows are reduced Activity reduction cushioned by increase in fracturing intensity Well positioned with a number of clients in all…
USA EQUIPMENT - 2014 Current active U.S. fleet 585,000 fracturing HP 13 Cement units 10 Acid units 6 Coil units 11 N2 units Strong utilization and margin improvement in Q4 -2014 Cost reduction initiatives continuing…
USA 2015 Rig count will drop throughout 2015 Activity partly cushioned by high utilization pad work and fracture intensity Gas areas remain stronger Customer position and commitments strong going into downturn Will reduce…
RUSSIA PLATFORM FOR GROWTH 18
RUSSIA AND THE FSU Started operations in 2000 One of the largest fracturing companies in Russia Primarily work on oil wells All work is on 1 or 3 year contracts Services: Fracturing 88% Coiled Tubing 6% Cementing 4%…
RUSSIA AND THE FSU ARCTIC SHELF (BARENTS, PECHORA, KARA SEA) Traditional regions for oil production Regions of growth Operational Base NOVY URENGOY Representative Office MOSCOW GUBKINSKY NYAGAN KUEDA RADUZHNY VCNG…
RUSSIA - 2015 Horizontal, multi-stage fracturing on conventional sandstones continuing to increase Has led to strong demand since March 2014 Future growth in Eastern Siberia to fill new Chinese pipeline Russia/Ukraine conflict…
INTERNATIONAL PLATFORM FOR GROWTH 22
INTERNATIONAL Australia Cement and environmental services Flat first half of 2015 with growth in second half LNG driven gas market Kazakhstan Fracturing services Good profitability Looking for growth opportunities…
INTERNATIONAL Norway Completion tools only Strong acceptance of completion tool technology in North Sea Anticipate growth in 2015 good profitability Middle East Started coiled tubing operations in Q2 2014 Looking to add…
INNOVATION PLATFORM FOR GROWTH 25
INNOVATION Trican focuses on separating itself with technology MVP FracTM Patented chemical solution that reduces proppant settling in slick water fracs Strong market acceptance in Canada; looking to expand into other…
COMPLETION TOOLS Operations in Norway, USA and Canada Offer multistage frac tools, completion and intervention tools for both open hole and cemented installations Innovative design team with 19 patents granted or pending…
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 PLATFORM FOR GROWTH 30
BALANCE SHEET STRENGTH Industry leading debt structure Mix of variable and fixed rate Low cost average rate of 5.35% on notes Balanced maturity dates ranging from 2016 to 2021 Current outstanding and available debt at…
BALANCED CAPITAL ALLOCATION Dividend of 0.30/year Capital Allocation 2013 Share buyback program in place 13% 48% Capital Expenditures 19% Total capital spend for 2015 Dividends Debt Repayment expected to be 90 to 110…
INVESTMENT ADVANTAGES Significant earnings potential on existing assets Low capital expenditures in 2015 Strong Canadian business that historically weathers the storm Strong management team that has managed through numerous…
SUMMARY Number of Outstanding Shares (as of Dec.31, 2014): 149.1 million Average Daily Volume (one month period): 1,252,667 (as of December 31, 2014) Directors/Officers Ownership: 2.0% (approx. - diluted basis) Market Cap:…
Investor Presentation January 2015 PLATFORM FOR GROWTH
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