Trican Well Service (TCW) Corporate presentation summary

Market leadership and operations

• Holds largest market share in Canadian hydraulic fracturing and cementing, with significant presence in Montney and Duvernay plays.

• Operates eleven fracturing crews, including five Tier IV crews, and delivers Canada's first 100% natural gas fracturing spread in 2026.

• Expanded coiled tubing, acidizing, and nitrogen services, primarily supporting fracturing operations.

Strategic priorities

• Focuses on strengthening fracturing, cementing, and coiled tubing business lines, optimizing fleets, and divesting stranded capital.

• Pursues cost control, efficiency gains, and shareholder returns through dividends and share buybacks.

• Integrates sustainability, new technologies, and community engagement into operations.

Iron Horse acquisition impact

• Added four fracturing spreads and ten coiled tubing units, expanding reach in Alberta and Saskatchewan.

• Diversified commodity exposure and client portfolio, with significant accretion to key financial metrics.

• Net debt/EBITDA below 0.5x at close, supporting deleveraging through 2026.

• Quarterly dividend increased by 10% to $0.055 per share.