INVESTOR PRESENTATIONMarch 2018

FORWARD LOOKING STATEMENTS

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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.

TRICAN OVERVIEW

OVERVIEW OF TRICAN

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Strong Financial Position Market capitalization ~1.1 billion (February 23, 2018) $94.1 million net debt (December 31, 2017) Financial investment in US listed company Keane Group

($177 million, December 31, 2017) Strong cash flow with minimal capital expenditures,

opportunities for deployment:• NCIB• M&A (longer-term)• Process optimization

Market Leading Positions Canadian market leader in fracturing services Canadian market leader in cementing services Supporting service lines: coil tubing, nitrogen, acid,

water management services and industrial services

Fracturing, 72%

Cementing, 15%

Acid, Coil, Nitrogen, 7%

Fraction Energy, 4% Industrial, 2%

EQUIPMENT – AS OF FEBRUARY 23, 2018

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Service Line Total Equipment

Active,Manned

Active, Maintenance, Unmanned

Idled ~ Market Share

Fracturing (HHP) 680,000 455,000 114,000 111,000 30%

Cementing (trucks) 67 30 10 27 40%

Coil Tubing (units) 28 6 9 13 n/a

Nitrogen (units) 80 26 12 42 n/a

Ability to reactivate idle equipment would increment both free cash flow and ROIC: Our $33 million H1 2018 capital budget includes our estimated reactivation costs

TRICAN – 2017 SNAPSHOT

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Increased frac intensity and job size improve profitability

Higher pumping time translates to increased operating margins

2017 total sand volumes increased 112% year-over-year

Average stages per well increasing• Increasing ~10% per year

($ millions) 2017 2016

Revenue $929.9 $325.2

Adjusted Operating Income $183.3 ($37.4)

Profit from Continuing Operations $20.1 ($40.7)

Earnings Per Share (from continuing operations) $0.07 ($0.24)

MARKET DYNAMICS – INCREASING WELL INTENSITY

Leading sand per well: 6,000 – 7,000 tonnes• Still below US average sand / well

Operating efficiency is a competitive advantage • Estimate ~ 80% of the WCSB market is weighted to higher intensity formations:

- Montney, Duvernay, Deep Basin

• > 50% of the fleet are continuous duty pumps, ideally suited to increasing well intensity environment

• We continue to work with customers to optimize pumping time: - leading edge > 80% daily pumping time- Utilizing maintenance crews to minimize downtime

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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 and improves returns

• Lowers product cost

High-quality, efficient operations

Significantly lowered cost structure from the downturn

Large scale going forward

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GEOGRAPHIC COVERAGE

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Horn River Shale

Montney Shale

Bakken Shale

Cardium Tight Oil

Viking Tight Oil

Lower Shaunavon Tight Oil

GRANDE PRAIRIE

WHITECOURTHINTON

FORT ST. JOHN

NISKU LLOYDMINSTER

RED DEER

BROOKS ESTEVAN

British Columbia Alberta Saskatchewan

Deep Basin

Duvernay Shale

DRAYTON VALLEY

CALGARY

Manitoba

Spearfish

MEDICINE HAT

OUTLOOK - 2018

83% of revenue from liquids rich and oil plays (Q4 2017)

Only 17% of revenue from dry gas customers (Q4 2017)

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

Approximately half of our manned fracturing equipment is committed throughout 2018

Soft commitments on the remaining manned fracturing equipment throughout 2018

Pricing stable with ability to recover cost increases

Focus on driving better crew efficiency and increased sand per well to drive better profitability

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OUTLOOK - 2018

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Anticipate customer spend for fracturing to be flat year-over-year• Gas spending down• Liquids spending up

Continued growth in service intensity• Proppant per well estimated to increase 15% in 2018

The net result is more spend on fracturing and the market will remain undersupplied throughout the year

OUTLOOK - 2018

Plan to add one additional fracturing crew in first half of 2018

Will evaluate adding additional crews if current pricing and ROCE can be maintained

Activated 3 additional cement crews for Q1

Looking at activating additional coil crews in 2018

Hiring qualified staff limiting speed of equipment activations

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TRICAN – COST SAVINGS

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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 cost savings• Annual synergies between $20 and $40 million

- $31 million realized as of December 31, 2017

• Large scale will reduce costs

GROWTH

GROWTH

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Strong earnings potential from existing assets with minimal additional capital investment required

Existing asset base generated $347 million EBITDA in 2014 and $586 million peak EBITDA

Substantial leverage on fixed cost structure as equipment utilization increases

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

Will explore adding or growing additional service lines in Canada after Canyon is fully integrated

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ADDITIONAL GROWTH

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Retained ownership in Keane allows us to participate in U.S. recovery

Approximately 5% ownership in Keane Group (post January 2018 secondary) with potential increased payout from certain economic conditions upon liquidity event

• As part of a secondary offering in January 2018, Trican received approximately USD $27 million

• As part of a secondary offering in January 2017, Trican received approximately USD $28.4 million

• Trican maintains significant residual value in remaining common stock of Keane and measurable value is dependent on timing and share price of any further liquidating events

ADDITIONAL GROWTH

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Year Ending March 2017

Keane Holding Company Proceeds

Trican Pro Rata Proceeds

Trican Pro Rata Proceeds (1.25 CAD/USD

Exchange Rate)FRAC USD $14.00 share price:

2018 (March 16, 2018 – March 15, 2019) USD$797 million USD$123 million CAD$153 million 2019 (March 16, 2019 – March 15, 2020) USD$797 million USD$76 million CAD$95 million 2020 (March 16, 2020 – March 15, 2021) USD$797 million USD$74 million CAD$92 million 2021 (March 16, 2021 – March 15, 2022) USD$797 million USD$74 million CAD$92 million

FRAC USD $18.00 share price:

2018 (March 16, 2018 – March 15, 2019) USD$1.02 billion USD$185 million CAD$241 million 2019 (March 16, 2019 – March 15, 2020) USD$1.02 billion USD$121 million CAD$175 million 2020 (March 16, 2020 – March 15, 2021) USD$1.02 billion USD$95 million CAD$126 million 2021 (March 16, 2021 – March 15, 2022) USD$1.02 billion USD$95 million CAD$126 million

FRAC USD $20.00 share price:2018 (March 16, 2018 – March 15, 2019) USD$1.14 billion USD$216 million CAD$270 million 2019 (March 16, 2019 – March 15, 2020) USD$1.14 billion USD$152 million CAD$190 million 2020 (March 16, 2020 – March 15, 2021) USD$1.14 billion USD$105 million CAD$131 million 2021 (March 16, 2021 – March 15, 2022) USD$1.14 billion USD$105 million CAD$131 million

The above table valuations includes the two secondary offerings:• Liquidation event #1: Jan 20, 2017 Secondary offering w/ IPO = USD$28 million payable to Trican out of USD$284 million in proceeds to InvestorCo

• Liquidation event #2: Jan 17, 2018 Secondary offering = USD$27 million payable to Trican out of USD$280 million in proceeds to InvestorCo

Notes:1. Assumption for table = 100% of remaining FRAC shares liquidated in year shown and at price shown (could be single or multiple events).2. Remaining FRAC shares held by Keane Investor Holdings LLC ("InvestorCo”) = 56,919,000 FRAC shares.

ADDITIONAL GROWTH

Non-compete in U.S. until April 2018

Trican will license our technology in U.S. and International markets• Licensed sand supplier and chemical suppliers in

North America

• Selling selective chemistry in US and Canada

• Selling silica dust control product in other industries

• Exploring technology and product sales internationally

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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 market acceptance in Canada

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

• Signed one license in U.S. with sand supplier and pursuing additional licenses

Introduced friction reducers that will lower product cost

CleanTRACK™ - patented dust control product that is being used to control dust on lease roads, lease sites and all dirt roads

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

Net debt of approximately $94.1 million (net of cash and currency swaps)

Company is in full compliance with covenants, and continues to forecast compliance in the future

Capital expenditures approximately $33 million in 1H 2018

• Maintenance: $15 million• Growth: $15 million• Reactivations: $3 million

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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

Will continue to pay down debt and purchase shares going forward

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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 reactivations

Leverage on low cost structure coming out of downturn

Upside to U.S. market recovery through Keane ownership

Strong management team that has managed through numerous cycles

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SUMMARY

Number of Outstanding Shares (as of Februrary 23, 2018): • 335 million

Average Daily Volume (one month period):• ~ 7.1 million (as of February 23, 2018)

Directors/Officers Ownership:• 1.1% (approx. - diluted basis)

Market Cap (as of February 23, 2018)• $1.1 billion

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INVESTOR PRESENTATIONMarch 2018