Investor Presentation March 2015

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, expenses, profits, expected developments and strategies for its operations, and other expectations, beliefs, plans, goals, objectives, assumptions, information and statements about possible future events, conditions, results of operations or performance. These forward-looking statements are identified by their use of terms and phrases such as “anticipate,” “achieve”, “achievable,” “believe,” “estimate,” “expect,” “intend”, “plan”, “planned”, and other similar terms and phrases. Forward-looking statements are based on current expectations, estimates, projections and assumptions that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks and uncertainties include: fluctuating prices for crude oil and natural gas; changes in drilling activity; general global economic, political and business conditions; weather conditions; regulatory changes; and availability of products, qualified personnel, manufacturing capacity and raw materials. If any of these uncertainties materialize, or if assumptions are incorrect, actual results may vary materially from those expected.

FORWARD LOOKING STATEMENTS

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45%

42%

13%

OVERVIEW OF TRICAN

Large, world-wide, full service pressure pumping company

International • Russia (majority)

• Kazakhstan

• Australia

• Norway

• Saudi Arabia

REVENUE BY GEOGRAPHY Year ending December 31, 2014

International

USA

Canada

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TRICAN STRENGTHS

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TRICAN STRENGTHS

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Focus on safety, technology, and operational performance

Significant earnings potential on existing assets

1,193,000 HP available fracturing capacity

• 280,000 HP currently idle

94 Cement & 37 Acid Units

35 Coiled Tubing & 72 N2 Units

* Expected horsepower based on current capital budget.

0

200,000

400,000

600,000

800,000

1,000,000

1,200,000

1,400,000

2007 2008 2009 2010 2011 2012 2013 2014 2015*

Historical Fracturing HP

TRICAN STRENGTHS

Our people are our strength – 6,000 skilled employees worldwide

Named one of Canada’s Top Employers for Young People for 2013, one of Canada’s Top Employers for 2014 and 2015, and one of Canada’s Top Family Friendly Employers for 2014

Hiring and training people are key to growth

Total hours of training for new hire orientation and upgrading over the last 11 years: 1,431,369

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STRENGTHS – FULL SERVICES

Service Line % of 2014 Revenue (at December 31, 2014)

Fracturing 79%

Cementing 11%

Nitrogen 4%

Coiled Tubing 3%

Acidizing & Specialty Chemicals

2%

Industrial & Pipeline Services

1%

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COMPETITIVE ADVANTAGES

Customer-focused provider of technical solutions

• Separate ourselves with technology

• Named one of Canada’s top 100 Corporate R&D spenders in 2012, 2013 and 2014 (by Research Infosource Inc.)

• Product development is a quick, customer-focused process

• Strong regional technical teams that understand the customers’ needs

Operational excellence

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AREAS OF OPERATION

Canada

United States

Russia

Kazakhstan

Norway

Australia

Saudi Arabia

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CANADA

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GEOGRAPHIC COVERAGE

Horn River Shale

Montney Shale

Bakken Shale

Cardium Tight Oil

Viking Tight Oil

Lower Shaunavon Tight Oil

HIGH LEVEL

RED EARTH

GRANDE PRAIRIE

WHITECOURT HINTON

FORT ST. JOHN

NISKU LLOYDMINSTER

RED DEER PROVOST DRUMHELLER

BROOKS

MEDICINE HAT

ESTEVAN

British Columbia Alberta Saskatchewan

FORT NELSON

Tight Gas

Duvernay Shale

DRAYTON VALLEY

CALGARY

Manitoba

BRANDON

Spearfish

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CANADA EQUIPMENT

Current Available Canadian fleet

• 440,000 fracturing HP

• 55 Cementing units

• 38 N2 Pumpers

• 19 Acid Units

• 16 Coil Units

Expect to park 20% – 25% of total fleet by the end of Q1 2015

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* Anticipated HP at year-end based on approved budgets, which are subject to change

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

2008 2009 2010 2011 2012 2013 2014 2015*

Canadian HP Growth

CANADA - OUTLOOK

Strong activity in early Q1 2015 but slowing down significantly in March

Expect pricing drop of 10% in Q1 2015; pressure throughout 2015

Spring break-up expected to start early and end late

Substantial activity drop in second half of 2015 as customers’ cash flows are reduced

Well positioned with a number of clients in all major growth regions

Technical and operational strength will protect customer base

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USA

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HOUSTON

MATHIS

GEOGRAPHIC COVERAGE - FRACTURING

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Barnett: 1 crew Eagle Ford: 1 crews

Permian: 3 crews Oklahoma: 1 crew

Marcellus: 4 crews Bakken: 1 crews

Current active USA HP: 465,000

Bakken MINOT

Utica

Marcellus

ODESSA

Permian

SHAWNEE

Mid-Con

SPRINGTOWN

Barnett

Eagle Ford

USA EQUIPMENT

Current active U.S. fleet • 465,000 fracturing HP

• 9 Cement units

• 10 Acid units

• 6 Coil units

• 11 N2 units

Parked 4 Fracturing crews in Q1 • Permian, Eagle Ford, Bakken,

Haynesville

• 150,000 HP

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USA – OUTLOOK

Rig count will drop throughout 2015

Expect pricing decline of 15% – 20%

Will reduce costs and size of operations as required

Strong management team and lower cost structure than last downturn

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COST CONTROL

Initiated significant cost control measures in late 2014

Salary reduction effective Feb. 1, 2015 • $28m in expected savings

Negotiating cost reductions with all

North American suppliers • Targeting 10%-15% savings

Reduced people and infrastructure to

match drop in active equipment

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• Reduced North American staff by approximately 30%

Will continue to right size North American operations based on demand

RUSSIA

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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%

• Nitrogen 2%

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RUSSIA AND THE FSU

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NOVY URENGOY GUBKINSKY

RADUZHNY

NIZHNEVARTOVSK

NYAGAN

NEFTEYUGANSK

KRASNOYARSK

IRKUTSK

KUEDA VCNG

MOSCOW

EAST SIBERIA VOLGO-URALS

CAUCASUS

ARCTIC SHELF (BARENTS, PECHORA, KARA SEA)

CASPIAN OFFSHORE

OTHER REGIONS OF WEST SIBERIA

Traditional regions for oil production Regions of growth Operational Base Representative Office

RUSSIA - 2015

Strong technical and operational business

Future growth in Eastern Siberia to fill new Chinese pipeline

Russia/Ukraine conflict has not caused any operational disruptions thus far; will continue to monitor effects of sanctions

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2015 tendering complete • Slight increase in year-over-year activity

Ruble decline will impact Canadian dollar revenue by 40% – 50% • Most costs in Rubles so no appreciable drop in margin percentages

INTERNATIONAL

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INTERNATIONAL

Australia • Cement and environmental

services

• Slow first half of 2015 with growth in second half

• LNG driven gas market

Kazakhstan • Fracturing services

• Good profitability

• Looking for growth opportunities

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INTERNATIONAL

Norway • Completion tools only

• Strong acceptance of completion tool technology in North Sea

• Anticipate stable 2015 demand

Middle East • Started coiled tubing operations in

Q2 2014

• Looking to add additional contracts in 2015

Colombia • Suspended operations in early

2015

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INNOVATION

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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 regions

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• MVP FracTM used in 20% of all wells fractured by Trican in Canada in 2014: up 100% vs. 2013; approximately $200 million in frac revenue

• Recent case studies show 20% increased production in the Cardium and 30% increased production in the Montney

COMPLETION TOOLS

Operations in Norway, USA and Canada

Offer multistage frac tools, completion and intervention tools for both open hole and cemented installations

Competitive advantage with patented completion system that has capacity for 240 cemented stages

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Strong year-over-year growth in 2014

2015 demand will be impacted by low oil prices but have market share opportunities

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 recoverability

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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 treatment

• Developed Bakken market using recycled water solutions

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FINANCIAL OVERVIEW

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DEBT STRUCTURE

Industry leading debt structure • Mix of variable and fixed rate • Low cost – average rate of 5.2% on notes • Balanced maturity dates ranging from 2016

to 2021

Current outstanding and available debt at December 31, 2014

• USD $300 million and CAD $80 million in fixed rate notes payable

- A portion of the USD notes are hedged

• CAD $575 million revolving credit facility • $300 million of cash and available debt

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Managing cash flow and balance sheet a key focus in 2015

Dividend of $0.30/year

Total capital spend for 2015 expected to be $50 to $60 million

Working capital release in 2015 expected to provide significant cash inflows

Will pay down debt in first half of 2015

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CASH FLOW

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 cycles

Geographical diversification

Focus on cost control

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SUMMARY

Number of Outstanding Shares (as of Feb. 27, 2015): • 148.9 million

Average Daily Volume (one month period): • 1,153,825 (as of February 27, 2015)

Directors/Officers Ownership: • 2.0% (approx. - diluted basis)

Market Cap: • $650 Million as of February 27, 2015

Pay a semi-annual dividend of $0.15 per share

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Investor Presentation March 2015