READY' SET' GROW'

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Oil Sands Forum 2007
READY. SET. GROW.
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Forward Looking Statement

• Certain statements contained in this presentation
  may constitute forward-looking statements. All
  statements, other than statements of historical
  fact, in this presentation that address
  activities, events or developments that Eveready
  Income Fund (Eveready or the Fund) or a third
  party expects or anticipates will or may occur in
  the future, including Evereadys future growth,
  results of operations, performance and business
  prospects and opportunities, and the assumptions
  underlying any of the foregoing, are
  forward-looking statements. These forward-looking
  statements reflect Evereadys current beliefs and
  are based on information currently available to
  Eveready and on assumptions Eveready believes are
  reasonable. Actual results and developments may
  differ materially from results and developments
  discussed in the forward-looking statements as
  they are subject to a number of significant risks
  and uncertainties. Certain of these risks and
  uncertainties are beyond Evereadys control.
  Consequently, all of the forward-looking
  statements are qualified by these cautionary
  statements, and there can be no assurances that
  the actual results or developments will be
  realized or, even if substantially realized, that
  they will have the expected consequences to, or
  effect on, Eveready. These forward-looking
  statements are made as of the current date and
  Eveready assumes no obligation to update or
  revise them to reflect subsequent information,
  events or circumstances unless otherwise required
  by applicable securities legislation. This
  presentation may also contain financial measures
  that are used by Eveready from time to time but
  that do not have any standardized meaning
  prescribed by Canadian generally accepted
  accounting principles (GAAP). Therefore, these
  financial measures may not be comparable to
  similar measures presented by other issuers.
  Investors are cautioned that these measures
  should not be construed as an alternative to net
  earnings or to cash flow from operating,
  investing, and financing activities determined in
  accordance with Canadian GAAP as indicators of
  Evereadys performance. These measures are
  provided to assist investors in determining
  Evereadys ability to generate earnings and cash
  flow from operations and to provide additional
  information on how these cash resources are used.
  These financial measures are identified and
  defined as follows EBITDA is defined as
  earnings before interest, taxes, depreciation and
  amortization. Eveready believes that, in addition
  to net earnings, EBITDA is a useful
  supplemental earnings measure as it provides an
  indication of the earnings generated by
  Evereadys principal business activities prior to
  consideration of how these activities are
  financed or how the results are taxed in various
  jurisdictions and before non-cash amortization
  expense. Funds from Operations is derived from
  the consolidated statements of cash flows and is
  calculated as cash flow from operations before
  changes in non-cash operating working capital and
  asset retirement costs.  Eveready believes that
  funds from operations is a useful supplemental
  measure as it provides an indication of
  Evereadys ability to generate cash flow and is a
  useful measure in analyzing Evereadys operating
  performance.  Cash Available for Distribution
  and Growth is calculated as cash flow from
  operations before changes in non-cash operating
  working capital, less maintenance capital
  expenditures. This is a useful supplemental
  measure as it provides an indication of cash
  available for distribution to the Funds
  unitholders.  Maintenance capital expenditures
  are capital expenditures incurred during the
  period to maintain existing levels of service.
  This includes capital expenditures to replace
  property, plant and equipment disposed of and any
  costs incurred to enhance the operational life of
  existing property, plant and equipment. Growth
  capital expenditures are excluded from this
  calculation. These expenditures include additions
  of new equipment to grow Evereadys capital asset
  base. Payout ratio is calculated as cash
  distributions declared for the period divided by
  cash available for distribution and growth. 
  Working Capital is calculated as current assets
  less current liabilities.  Working Capital
  ratio is calculated as current assets divided by
  current liabilities.  Eveready believes working
  capital is a useful supplemental measure as it
  provides an indication of Evereadys ability to
  settle its obligations as they come due.  Funded
  Debt to Total Capital is calculated as funded
  debt (bank indebtedness, long-term debt, and
  convertible debentures) divided by total capital
  (funded debt plus unitholders equity).  Eveready
  believes funded debt to total capital is a useful
  supplemental measure as it provides an indication
  of the proportion of its capital that is funded
  from debt versus equity sources.  
• Units refer to units of the Fund. Per Unit
  amounts refer to specific financial metric
  divided by the relevant weighted average number
  of Units outstanding during the period. The Units
  are not a fixed income security, and as such
  distributions may be reduced or suspended at any
  time.

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Presentation Agenda

• Background
• Business
• Performance
• Future

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Current Overview
Background Business
Performance Future
Eveready provides industrial and oilfield
maintenance and production services and is listed
on the TSX.
Notes 1) As of February 12, 2008 2) As of
September 30, 2007
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Our Business
Background Business
Performance Future

• Eveready is a growth oriented income fund that
  provides industrial, oilfield maintenance and
  production services to the energy, resource and
  industrial sectors.
• We operate our business from over 75 locations
  across Canada, the United States and
  internationally
• Our aggregate fleet consists of over 1,000 truck
  and trailer mounted units plus several hundred
  specialized pieces of equipment
• We have over 2500 employees, and about 30 of
  employees are Eveready owners

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Locations
Background Business
Performance Future

• Canada
• 66 offices
• USA
• 10 offices
• Outside North America
• 3 offices

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Revenue by Service (2008 estimated)
Background Business
Performance Future
8
Background Business
Performance Future
9
Revenue by Business Segment (2008 estimated)
Background Business
Performance Future
10
Breakdown of Revenue within Oil Sands, Industrial
and Production Business Segment (2008 estimated)
Background Business
Performance Future
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Background Business
Performance Future
Oil Sands, Industrial Production

• Heavily involved in oil sands maintenance and
  production services
• Vacuum trucks
• Fluid hauling
• Chemical cleaning
• High-pressure water cleaning
• Decoking
• Steamers
• Hydro-vacs
• Tank cleaning
• Recently awarded 400 million in long-term
  service contracts with clients such as Suncor,
  Nexen, CNRL, Petro Canada and Syncrude over the
  next 3 years.
• Provides same core services outside oil sands to
  central Alberta, Northwestern Alberta and North
  Eastern British Columbia

2008 Forecasted Revenue
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Background Business
Performance Future
Oil Sands, Industrial Production

• Provides catalyst handling to oil sands
  infrastructure
• Catalyst loading and unloading
• Have oil sands contracts for ongoing catalyst
  maintenance with Syncrude and initial catalyst
  load for Nexen (load scheduled for June 2008)
• Core business includes catalyst handling in
  United States, Canada and internationally

2008 Forecasted Revenue by Country
2008 Forecasted Revenue
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Background Business
Performance Future
Oil Sands, Industrial Production

• Starting to expand directional boring services
  into oil sands
• Directional drilling
• Directional punching
• Pipe ramming
• Customers in the oil sands include both Suncor
  and Syncrude
• Core business is in Central Alberta for
  installation of fibre optic, gas, cable, water
  and sewer lines for oilfield and municipalities

2008 Forecasted Revenue
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Background Business
Performance Future
Oil Sands, Industrial Production

• Supports oil sands operations during peak seasons
• Water trucks
• Vacuum trucks
• Hydrovacs
• Recently awarded province wide contract (first
  call agreement) with Penn West
• Core business is in Eastern Alberta and Western
  Saskatchewan providing oilfield production
  services
• Flush-bys
• Hot oilers
• Pressure trucks
• X-Celerator continuous rod units
• Steamers
• Services provided in oil sands are also provided
  in core market

2008 Forecasted Revenue
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Background Business
Performance Future
Lodging and Rental Services

• Lodging services operate almost exclusively in
  the oil sands
• 6 Industrial Lodges (1588 rms)
• 3 Construction Camps (182 rms)
• 15 Drill Camps (210 rms)
• Eveready employee camps (500 rms)
• Well site units (75)
• Rental services operate throughout Alberta
• Production equipment
• Access and rig matting
• Portable bridges

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Environmental Services
Background Business
Performance Future

• Provides support services to oil sands operations
• Bulk solid hauling
• Mechanical dewatering and dredging
• Filters and filtration services
• Emulsion treatment
• Disposal well services
• Hazardous and non-hazardous waste land filling
• Industrial health services

2008 Forecasted Revenue
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Exploration Services
Background Business
Performance Future

• Primarily operates outside the oil sands in
  Alberta and north eastern B.C.
• Core business includes
• Heli track drilling
• Seismic line clearing
• Seismic surveying
• Geospatial data mapping
• Historically has operated in the oil sands and
  continues to look for opportunities in this
  market

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Our Services
Background Business
Performance Future
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Resources in the Oil Sands
Background Business
Performance Future

• 50 of revenue comes from oil sands operations

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Our Top 10 Oil Sands Customers in 2007
Background Business
Performance Future
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A Solid History of Growth
Background Business
Performance Future
Revenue Profile (1996 2008E)
EBITDA Profile (1996 2008E)
113.4
617.8
514.2
84.9
EBITDA (CMM)
Revenue (CMM)
CAGR 10 Years 63
CAGR 10 Years 71
2007 and 2008 Forecasts per Bloomberg I / B / E /
S
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Financial PerformanceThree Months Ended
September 30, 2007 (Unaudited)
Background Business
Performance Future
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Financial PerformanceNine Months Ended September
30, 2007 (Unaudited)
Background Business
Performance Future
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New Distribution Policy
Background Business
Performance Future

• Monthly cash distribution of 0.06/unit replaced
  with quarterly in-kind distribution of 0.18/unit
• The first quarterly distribution will be paid on
  April 15, 2008 to unitholders of record as of
  close on March 31, 2008.
• DRIP eliminated
• Advantages of the new policy include
• Retention of annual operating cash flow in excess
  of 60 million
• Supports organic growth in 2008 and 2009
• Reduces reliance on debt and equity markets to
  fund growth initiatives
• Payment of in-kind distributions allows
  Eveready to continue to take advantage of the tax
  deferral on income trusts until 2011. (In-kind
  distributions are deductible for tax purposes)
• Maximization of tax pools to shelter a
  significant amount of taxable income beginning in
  2011.

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Growth Strategy
Background Business
Performance Future

• We will continue to be a leading provider of oil
  sands infrastructure services by
• Growing our existing services
• Adding new services to our existing customer base
• Consolidating industry peers and competitors

Breakdown of 2008 Capital Expansion (78 million)
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Competitive Advantage
Background Business
Performance Future

• Size of fleet and geographic spread
• Broad range of services
• Standardized safety and operating policies
• Reputation and track record

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Barriers to Entry
Background Business
Performance Future

• High capital cost
• High regulatory standards and stringent
  accreditation requirements
• High knowledge base and experience requirements

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Investment Highlights
Background Business
Performance Future

• Experienced and Proven Management Team
• Substantial Management Ownership
• Multiple Significant Expansion Opportunities
• High Leverage to Oil Sands Development
• High Barriers to Entry
• Customers are a Whos Who in the Resource
  Sector
• Broad Range of Services
• Compelling Valuation

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Right Company. Right Place. Right Time.
Darren StevensonCFO780-451-6075dstevenson_at_evere
adyincomefund.com
Rod MarlinPresident and CEO780-451-6075rmarlin_at_
evereadyincomefund.com
TSX EIS.UN evereadyincomefund.com