FY14 Full year results Jim Sturgess Managing Director August 2014
Group highlights Growth Value Revenue increased to 97.4m, up 34% year on year NPAT of 12.2m, 34% improvement on FY13 9.1m Robust operating cashflow 17.0m, up 82% on FY13 Titans full year EBIT of 18.5m , 28% increase on Record…
Safety commitment Why it is important Zero harm to our people, customers, community and environment Work with the best in the industry, top tier contractors Long-term growth and sustainability Strategy Engaged respected advisors to…
Business highlights Oilfield services Atlas Segment Revenue (m) Record sales 42.0m 18% year on year growth (YoY) 120.0 Rig utilisation 78%, including recently acquired Rig 3 100.0 Rigs 1, 2 & 3 contracted for majority of the year…
Strategy update Goals Fastest growing and most respected listed energy services company in Australia Zero Harm - uncompromising safety with ongoing improvement How will we grow 1. World class safety Achieving zero harm to our…
Organic growth Oilfield services Atlas Record revenue in FY14 of 42.0m Seven consecutive years of revenue growth Grown to four rigs and working for Tier 1 clients Hofco 46% annualised sales growth since acquisition Investment in…
Oilfield services Atlas overview Strategy Maximise rig utilisation Maintain existing relationships with key clients Develop strong relationships with other key exploration and development customers Explore opportunities to expand…
Oilfield services Atlas results FY14 FY13 Change Rigs 1, 2 & 3 contracted for majority of FY14 Utilisation 78% 91% -13% Margin improvement driven by: reduced down time with shorter wet season and fewer Revenue (m) 42.0 35.5 18%…
Oilfield services Hofco overview Strategy Expand the range of products Capitalise on opportunities and client relationships within the other businesses Geographic expansion Focus on CSG sector but explore other opportunities…
Oilfield services Hofco results FY14 FY13 Change First full year of trading yielded revenue of 9.7m Revenue per day ('000) 26.6 20.5 30% and EBIT of 5.1m an increase of 76% on FY13 Utilisation % 26% 29% -3% Margin reduction relates…
Accommodation services RCH overview Strategy Capitalise on the CSG sector activity over the next 20+ years Invest in geographic and market expansion opportunities Maintain high levels of camp utilisation Phase-out / hand back…
Accommodation services RCH results FY14 FY13 Change Record sales 39.1m 15% year on year growth Utilisation 71% 84% -13% Tight control of Capex spend ensuring maximised asset Daily room rate 109 125 -13% returns Market conditions more…
Accommodation services Nektar overview Strategy Target growth in temporary and permanent catering and camp management Expand into new geographic and industry segments Offer high quality catering and camp management solutions to…
Accommodation services Nektar results FY14 FY13 Change Strong growth in sales, up 105% on FY13 Weighted average catered persons 363 172 111% Average daily rates reduced slightly with: Average daily rate 133 136 -3% Discounts for…
Accommodation services Base overview Strategy Execution Develop understanding of the market Secured 6 contracts in first half of operations Secure initial contracts Servicing 570 rooms for water and 370 for waste Maximise asset and…
Accommodation services Base results 3Q14 4Q14 FY14 Utilisation 36% 48% 43% Utilisation improved significantly from the first Tankers 4 6 6 quarter of operations 6 tankers 4 water, 2 waste Revenue (m) 1.3 1.1 2.4 Revenue strong and…
Group balance sheet m 30 June 14 30 June 13 Change Key movements Cash and cash equivalents 4.3 6.6 -36% Working capital improved slightly with the benefit of Receivables 16.1 14.9 8% improved debtor collections of Inventories 3.1 1.9…
Group cashflow m FY14 FY13 Change Cash flow from operations (pre-tax) 23.7 12.8 85% Income tax paid (6.7) (3.5) 92% CAPEX* (11.0) (9.7) 14% Proceeds from disposal of P,P&E 0.4 0.4 0% Acquisitions (5.8) (15.1) -62% Net proceeds /…
Qld CSG well profile May 2014 forecast update Updated forecast May 2014 ( of Wells) Queensland CSG LNG Drilling ( of Wells) Arrow T4 Arrow T3 2,500 3000 APLNG T4 APLNG T4 APLNG T3 APLNG T3 2500 2,000 GLNG T3 GLNG T3 QCLNG T3…
Titan growth opportunities Forecast QLD CSG drilling activity & Titan growth plans 2,000 1,800 NSW 1,600 1,400 WA 1,200 Number of wells 1,000 SA - Cooper Basin 800 600 Northern Territory 400 QLD - CSG 200…
Outlook Guidance FY15 EBIT expected to exceed 21.0m* EBIT (FY14 18.5m). We remain confident of a solid FY15 but have taken a measured approach to our guidance based on current contract position of the Atlas business. We will update…
Outlook continued RCH Utilisation will be the focus for FY15 Opening capacity of 1,138 rooms an increase of c.29% on FY14 (weighted average 880) Increase in bundled service contracts in conjunction with Nektar and BASE Nektar…
Appendices Corporate Snapshot Titan History Group Pillars
Questions FY14 Full year results 26
Corporate snapshot CAPITAL Board of Directors Share price (as at 6 August 2014) 2.03 Shaun Scott Chairman, Non-Executive Director Ordinary shares on issue 50.6 million Simon Keyser Non-Executive Director Market Capitalisation 102.7…
Titan history Acquired Water & Acquisition Atlas Drilling Waste Resources Nektar of Atlas Rig 3 founded Transport Camp Hire commence commenced 2007 2011 Mar 12 Jun 12 Sep 12 Dec 12 Mar 13 Jun 13 Sep 13 Dec 13 Mar 14 Jun 14…
Group pillars Oilfield services Accommodation services 2 rigs under Rental provider of Organic start-up 1,138 rooms Water and contract drilling business June 2014 waste cartage Rig 3 recently equipment to the Commenced in…
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