Wilson HTM Investor Presentation 3 June 2014 Jim Sturgess
1. Titan Overview (ASX:TTN) Titan is an energy and infrastructure services group focused on the growing Qld CSG industry Since listing on ASX, Titan has: Acquired and integrated RCH in September 2011 Commenced Nektar Remote…
2. Titan History Acquired RCH Water Atlas Drilling & Waste Resources Nektar founded Transport Camp Hire commence commence 2007 2011 Mar 12 Jun 12 Sep 12 Dec 12 Mar 13 Jun 13 Sep 13 Dec 13 Mar 14 Jun 14 EBIT 2.9m EBIT 3.9m…
3. Titan Strategy LEVERAGE GROWTH Capitalise on significant expenditure in the CSG-LNG RCH Room growth as demand dictates industry over next 20+ years; and Nektar to also target permanent camps and Extensive CSG-LNG industry knowledge…
4. Qld CSG Well Profile QLD CSG - NO. OF WELLS April 2013 forecast Queensland CSG LNG Drilling ( of Wells) Arrow T4 Arrow T3 3000 APLNG T4 Updated research recently completed, APLNG T3 2500 confirms original expectations but GLNG…
5. 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…
6. Revenue & EBIT History EBIT GROWTH IN FY14 DUE TO: Titan Energy Services Revenue (m) 120.0 Further growth in RCH room numbers 97.1 100.0 Continued expansion of Nektar including 80.0 72.9 into permanent camps 60.0 Full year…
7. RCH Overview BUSINESS STRATEGY Capitalise on QLD CSG in the short term Obtain preferred supplier status with CSG majors Expand relationships with existing key clients Explore opportunities in other markets NT, SA, WA CURRENT…
8. Nektar Overview BUSINESS STRATEGY Low capital intensive business which targets remote catering opportunities throughout Australia Expand into different geographical and industry segments Target temporary and permanent catering…
9. Hofco Overview BUSINESS STRATEGY Continued expansion of down-hole tools available for rent Focus on CSG sector, potential to expand into alternative drilling markets Introduce new products Capitalise on existing Titan Group…
10. Atlas Drilling Overview BUSINESS STRATEGY Ensure rigs are continuously contracted Develop strong relationships with key clients Expand the business with top tier clients with long term work CURRENT BUSINESS Established in 2007…
11. Outlook FY14 Expecting a stronger second half of the year due to: Titan EBIT (m) 15 Further growth in RCH rooms Expanded Nektar business with new permanent camp 13.0 contracts 10 10.2 11.5 Full year of Hofco results 8.0…
Appendix 1
Corporate snapshot Share price (closing price 29 May 2014) 1.935 Ordinary shares on issue (as at 29 May 2014) 50.6m Market capitalisation (as at 29 May 2014) 97.8m Net Debt (as at 31 December 2013) 10.6m Enterprise value (Market Cap + Net…
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