1. Titan overview (ASX:TTN) Titan is an energy and infrastructure services group focused on the growing Queensland CSG industry Titan will continue to examine opportunities to grow/diversify organically and through acquisition The…
2. Corporate snapshot Financial summary Our Board Listing Price (7 December 2011) 1.00 Shaun Scott (Chairman) Share price (closing price 5 Sept 2013) 3.00 Jim Sturgess (MD) Dividends announced during FY13 5.5 cps Jim Diakos (ED)…
3. Titan history Exceeds HY Exceeds guidance FY13 Acquired and guidance, Atlas Drilling Resources Nektar upgrades FY 3.5c founded Camp Hire commenced target dividend 2007 2011 Mar 12 Jun 12 Sep 12 Dec 12 Mar 13 Jun 13 Sep…
4. Titan strategy Leverage Growth Capitalise on significant expenditure in the RCH room growth as demand dictates CSG-LNG industry over next 20+ years; and Nektar to target permanent camps and Extensive CSG-LNG industry knowledge and…
5. Delivering on strategy Strategic objective FY13 Result Improve safety performance TRIFR reduction to 16.9 from 17.9 (management focused on further improvement) Shareholder returns Dividends of 5.5c per share declared FY13 Total…
6. Queensland CSG well profile Current wells 1,000 per annum Wells forecast to peak in 2016 at 1,900 (1) Ongoing number of wells expected to be 1,300 per annum (1) Note: (1) Well numbers based on 8 LNG trains Titan Open Day, 6…
7. Growth opportunities not just Qld or CSG Multi-layered opportunities 2,000 1,800 NSW 1,600 WA 1,400 Number of Wells 1,200 SA - Cooper Basin 1,000 800 QLD - Infrastructure & Mining 600 Norther n Territory 400…
8. FY13 highlights Titan Energy Services EBIT (Am) 14.5 a) EBIT of 14.5m A 272% increase on pcp and above market guidance b) NPAT of 9.3m 3.9 A 296% increase on previous corresponding 2.6 2.6 1.8 period (pcp) c) Earnings per share…
9. FY13 business highlights Atlas Record EBIT of 4.2m up 50% on pcp RCH Number of Rooms Available 186% increase Deployment of fourth Rig (1+1) 800 Rig utilisation 91% 700 674 572 600 RCH 500 496 Record EBIT of 9.0m, up 221% on…
10. Safety a) Group Total Recordable Injury Frequency Rate (TRIFR) includes lost time, medical treatment and alternative duty injuries. There were two lost time injuries in FY13 b) TRIFR for FY13 was 16.9 (FY12 17.9) with management…
11. FY14 Operating update Atlas Rig 1 off contract. Letter of Intent signed with major CSG developer Rig 4 commenced new 1+1 year contract late June RCH Room numbers currently 714 up 40 rooms since FY13 Ensuite rooms in high demand.…
12. Outlook Guidance FY14 earnings guidance of between 21 - 23m EBIT (FY13 - 14.5m) Titan Energy Services EBIT (Am) FY14 driven by: 25 Guidance 23.0 New Rig 4 operating under 1 +1 contract 20 21.0 Hofco contribution for the full…
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