Investor Presentation | October 2012

FORWARD LOOKING INFORMATION

This presentation contains certain forward-looking statements and forward-looking information (collectively referred to herein as "forward-looking statements")within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements.Forward-looking statements are often, but not always, identified by the use of words such as "anticipate", "achieve", "could", "believe", "plan", "intend", "objective","continuous", "ongoing", "estimate", "outlook", "expect", "may", "will", "project", "should" or similar words, including negatives thereof, suggesting futureoutcomes. In particular, this presentation contains forward-looking statements relating to: future growth; results of operations; operational and financialperformance; projected capital expenditures and commitments and the financing thereof; expansion; increases in revenue; equipment delivery and deploymentdates; effect of rebranding; geographic allocation of equipment; customer commitments; ability to establish a working relationship with third party suppliers;expectations regarding the Corporation's ability to raise capital and to increase its equipment fleet; benefits associated with financial results; activity levels; businessstrategy; successful integration of structural changes; restructuring plans; organic growth potential; acquisitions and availability of insurance coverage. Avedabelieves the expectations reflected in such forward-looking statements are reasonable as of the date hereof but no assurance can be given that these expectationswill prove to be correct and such forward-looking statements should not be unduly relied upon.Various material factors and assumptions are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements.Those material factors and assumptions are based on information currently available to Aveda, including information obtained from third party industry analysts andother third party sources. In some instances, material assumptions and material factors are presented elsewhere in this presentation in connection with theforward-looking statements. Readers are cautioned that the following list of material factors and assumptions is not exhaustive. Specific material factors andassumptions include, but are not limited to:• the performance of Aveda’s businesses, including current business and economic trends;• oil and natural gas commodity prices and production levels;• capital expenditure programs and other expenditures by Aveda and its customers:• the ability of Aveda to retain and hire qualified personnel;• the ability of Aveda to obtain parts, consumables, equipment, technology, and supplies in a timely manner to carry out its activities;• the ability of Aveda to maintain good working relationships with key suppliers;• the ability of Aveda to market its services successfully to existing and new customers;• the ability of Aveda to obtain timely financing on acceptable terms;• currency exchange and interest rates;• risks associated with foreign operations;• changes under governmental regulatory regimes and tax, environmental and other laws in Canada and the United States; and• a stable competitive environment.Forward-looking statements are not a guarantee of future performance and involve a number of risks and uncertainties, some of which are described herein. Suchforward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Aveda’s actual performance and financial results infuture periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks anduncertainties include, but are not limited to, the risks identified by Aveda’s annual information form and management discussion and analysis for the year endedDecember 31, 2011 (the "MD&A") and contained herein under the heading "Risk Factors". Any forward-looking statements are made as of the date hereof and,except as required by law, Aveda assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise. 2

Oilfield Hauling Oilfield Rentals Matting Tanks Light towers

Rig moving Heavy hauling Hot shot services

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Aveda Transportation and Energy Services (“Aveda” or the “Company”) is a growing provider of specialized oilfieldhauling and rentals to the US and Western Canadian oil and gas industry

Aveda was founded in 1994, went public in 2006 and was recapitalized in 2011

The Company is well positioned to take advantage of attractive organic and acquisition growth opportunitiesthroughout North America

Multiple cross-over business opportunities achieved through oilfield hauling and rental business units

COMPANY OVERVIEW

ManagementDavid Werklund – Chairman, Interim President and CEO Has been the Chairman of Aveda since 2006 and was appointed

Interim President and CEO of Aveda in September 2011 Began career in 1965 at Shell Canada as a Production Operator Founder and Chairman of the Board of Directors of CCS

Corporation (now Tervita Corporation) Co-Founder of Concord Well Servicing Founder & Executive Chairman of Werklund Capital The 2005 Ernst & Young's Canadian Entrepreneur of the Year

Bharat Mahajan – CFO Joined Aveda in October 2011 Held several positions with Magna International overseeing

various international growth initiatives Former CFO of several oilfield service companies, including

Wellpoint Systems Inc. and Norex Exploration Services Inc.

Wayne Thompson – Vice President, Operations More than 40 years of oilfield experience Previously President DC Energy Oilfield Rentals Former owner and CEO Radar Well Servicing

Independent Board MembersMartin Cheyne Has more than 25 years of diversified oil and gas experience Founder of DeeThree Exploration Ltd. Former President and Director of Dual Exploration Inc. and Devlan

Exploration Inc.; both purchased by Cyries Exploration Inc.

Doug McCartney Managing Partner of Burstall Winger LLP Practices in the areas of securities and corporate finance and

corporate and commercial law Director or officer of several public and private companies

Paul Shelley President of Convinco Financial Ltd. Former Senior Vice President, Corporate Development at Kos Corp.

Investments Ltd.

MANAGEMENT AND BOARD OF DIRECTORS

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Historical Shareholder Returns CCS Selected Historical Acquisitions

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David Werklund founded CCS Corporation (now Tervita Corporation) in 1984 and built it largely through theconsolidation of several oilfield services companies and organic growth

CCS privatized in 2007 for approximately C$3.5 billion (the largest Trust privatization in Canadian history)

MANAGEMENT TRACK RECORD

Source: FactSet

CAGR Total Return

CCS 24% 2490%

Capitalization Balance Sheet Summary (1)

Share price (October 9, 2012) $2.70

Shares Outstanding Basic (mm)(4) 10.0

Shares Outstanding Fully Diluted (mm)(4) 12.6

FD Market Capitalization ($mm) $34.0

Net Debt ($mm)(1)

Loans and Borrowings $17.5

Convertible Debenture (face)(2) $4.7

Cash(1)(3) ($4.1)

Total Net Debt ($mm) $18.1

Enterprise Value ($mm) $52.1

Operating Line Available ($mm) $17.0

Property and Equipment ($mm) $40.2

Working Capital ($mm) $9.0

Total Assets/Tangible Assets ($mm) $58.3/$57.5

CAPITALIZATION SNAPSHOT

(1) At June 30, 2012(2) Convertible into 1,850,980 common shares at $2.55(3) Includes potential cash from exercise of all options and warrants of $2.2 million(4) At September 30, 2012

Shareholder Summary (4)

Werklund Capital Corp 47.4%

Other Insiders 2.6%

Total Insiders 50.0%

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360

181

Permian

506

238

40Barnett

86

Bakken

WCSB

(1) Active rigs on or about Sept 15 in relevant year; as per Baker Hughes & CAODC

Marcellus

Active in Play / RegionRecently Opened OfficeExpansion Opportunity

Oil Focused

NGL Focused

Aveda has a targeted growthplan that is focused on targetingoil/liquid rich weighted basinsacross North America

Based on a recent marketanalysis, Aveda estimates eachrig moves approximately 1.4times per month or 17 times peryear (42,500 moves per year)

Aveda’s reputation, customerrelationships and quality serviceresults in high utilization of itstransportation equipment

Currently More Than 2,150 Active Rigs in North America(1)

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OILFIELD HAULING MARKET

Eagle Ford

North American ActiveLand Rig Count(1)

2012 2,154

2011 2,454

2010 1,922

2009 1,177

NORTH AMERICAN OPERATIONS

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Ten offices located in the heartof the key North Americanresource plays

Significant expansion opportunitiesespecially in U.S. markets

Flexible workforce can betransferred cross border to highactivity areas

Experienced team of more than230 employees LEDUC

CALGARY

ODESSA

PLEASANTON

SLAVE LAKE

MINERAL WELLS

WILLIAMSPORT

Geographic Locations

Fixed Asset Allocation(1)

41%

59%

U.S. Canada

(1) Based on total equipment Net Book Value at June 30, 2012

SYLVAN LAKE

OILFIELD HAULING OVERVIEW

Modern, well maintained fleet 469 pieces of equipment (142 power units)

238 employees (143 operators) Fragmented industry makes for attractive

consolidation opportunities Primary competitors include TransForce, Mullen, Flint

and regional specialty haulers

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469 Pieces of Equipment in Hauling Fleet Blue Chip Customer Base

0 100 200 300 400

All-Terrain

Picker

Bed Truck

Winch Tractor

Trailer

2011

2012 addition

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Competitor Aveda

40 mile rig move – Marcellus Shale (1)

The Result: 11% price premium for Aveda 64% reduction in rig downtime for customer

(1) 1,250 hp, jackknife triple rig, ~ 70 loads

4 days

Aveda has outperformed its competitors as a result of: Newer, more specialized equipment Experienced personnel Planning and communications Ability to meet industry demands for heavier equipment and larger loads

11 days

OILFIELD HAULING CASE STUDY

OILFIELD RENTALS OVERVIEW

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Modern, well maintained equipment with 750 piecesin the rental fleet

Contributed approximately 5% of revenue in 2011;pro- forma, including new acquisition, contributionestimated at 10%

Plan to build critical mass through the acquisition ofcompetitors with similar or complementaryequipment

Typical acquisition multiples identified at 1.5x to 3.2xTTM EBITDA

750 Pieces of Equipment in Rental Fleet Blue Chip Customer Base

0 50 100 150 200 250 300

Generators

Light Towers

Miscellaneous

400 bbl Tanks

Rig Mats

Before Acquisition

After Acquisition

GROWTH STRATEGY

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Capital Expenditure Program $23 million capital budget for 2012

$21 million for organic oilfield hauling fleet expansion Investing $1 million in transportation management systems Allocating $1 million for facility and leasehold improvements

Organic Growth Initiatives Existing Customers

Rig moving and ancillary equipment (e.g. tanks, trailers, etc.) Implement transportation management systems (e.g. GPS, satellite communications)

Expansion into New Areas Target high activity resource plays focused on oil and NGL exploration

Growth Through Acquisitions Spent $7.5 million on Oilfield Rentals acquisition in 2012 Acquire complementary fleets in both new and existing geographies Typical acquisition multiples of 1.5x to 3.5x TTM EBITDA Evaluating potential acquisitions ranging in value from $10 to $35 million

FINANCIAL PERFORMANCE: REVENUE

Revenue ($mm) 2012 First 6 Months Revenue by Geography

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81% growth in 2011 revenue vs. 2010; 17% growth in first 6 months of 2012 revenue vs. first 6months of 2011

Expansion into U.S. resource plays and increasing utilization

50%

50%

U.S. Canada

(1) Includes pro-forma revenue for 2012 Oilfield Rentals acquisition

(1)

0.0

10.0

20.0

30.0

40.0

50.0

60.0

70.0

80.0

2007 2008 2009 2010 2011 First 6Months

2011

First 6Months

2012

H1 2012Proforma

FINANCIAL PERFORMANCE: EBITDA

EBITDA ($mm)

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Higher utilization across North America

Premium pricing in key resource plays

Operational efficiencies resulting inincreased margins

(1) Removes one-time items associated with winter retention bonus, and SG&A from opened/restructured branches(2) Includes pro-forma EBITDA for 2012 Oilfield Rentals acquisition

0

2

4

6

8

10

12

2009 2010 2011 First 6Months

2011

First 6Months

2012

First 6Months

2012 less1-time

First 6Months

2012Proforma (2)(1)

RECENT ACHIEVEMENTS

Secured $66 million in financing and credit facilities

Line of Credit - $50.0 million

December 2011 Werklund Capital - debt and equity - $7.7 million

June 2012 Bought Deal Prospectus Financing - $8.0 million

Added Rig Moving to the Leduc (Nisku) branch along with service work

Opened new Rig Moving branches in the Eagle Ford Shale and Permian Basin

Acquired additional assets, significantly increasing the size of Oilfield Rentals fleet

Closed underperforming offices in Grand Prairie and Melita

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KEY OILFIELD RENTALS ACQUISITION

$7.5 million purchase price

2.4 times price/EBITDA

Expected annual EBITDA of $3.1 million

Complementary equipment more than doubled size of fleet

400 bbl tanks, matting, light towers, frac manifolds

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INVESTMENT HIGHLIGHTS

Proven management team with a history of value creation

Solid industry fundamentals supported by continued strong oil prices

Significant growth opportunities across emerging oil-weighted resource plays

Organic growth

Acquisitions

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CONTACT

Bharat MahajanChief Financial Officer

Aveda Transportation and Energy ServicesSuite 725, 435 – 4th Avenue SW

Calgary, ABT2P 3A8

(403) 264-5769bharat.mahajan@avedaenergy.com

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