Wilson HTM Investor Presentation 11 June 2013 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 Signed solid contracts for its…
2. Titan History Atlas acquires 4th Rig, Refinance Exceeds HY debt guidance Acquired facilities and Atlas Drilling Resources Nektar doubling upgrades FY founded Camp Hire commenced funding target 2007 2008 2009 2010 2011 Mar…
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 Previous forecast April updated forecast Arrow T4 Arrow T4 Queensland CSG LNG Drilling ( of Wells) Queensland CSG LNG Drilling ( of Wells) Arrow T3 Arrow T3 2500 3000 APLNG T4 APLNG…
5. Titan Growth Opportunities Forecast QLD CSG drilling activity & Titan National Development plans 2,000 1,800 NSW 1,600 WA 1,400 1,200 Number of Wells SA - Cooper Basin 1,000 800 QLD - Infrastructure & Mining…
6. Revenue & EBIT History EBIT GROWTH IN FY13 DUE TO: Strong growth in RCH Titan Revenue & EBIT room numbers 80 71.2 70 60 Rapid growth in Nektar 50 Million 40 33.5 Half year contribution 30 23.1 20.0 from Hofco 20 11.5…
7. Atlas Drilling Overview BUSINESS STRATEGY Rig Client Term Start End Comments Ensure rigs are continuously contracted 24 Well (to Sept 12 Sept Rig 1 QGC Sept 2012 2013) + 6 month months 2013+ Develop strong relationships with key…
8. RCH Overview BUSINESS STRATEGY MAJOR CUSTOMERS Capitalise on Qld CSG in the short term Explore preferred supplier status with CSG majors Expand relationships with existing key clients Explore opportunities in other markets NT,…
9. 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…
10. Hofco Overview BUSINESS STRATEGY MAJOR CUSTOMERS Continued expansion of down-hole tools available for rent Focus on CSG sector, potential to expand into alternative drilling markets Expand the business geographically…
11. Outlook FY13 Expecting a stronger second half of the year due to: RCH starting the half year with 496 rooms, 110% capacity increase since June 2012 Continued growth within the Nektar business Titan Energy Services Proforma EBIT…
Appendix 1
Corporate snapshot Share price (closing price 6 June 2013) 1.45 cps Ordinary shares on issue (as at 6 June 2013) 47.5m Market capitalisation (as at 6 June 2013) 68.9m Net Debt (as at 31 December 2012) 10.3m Enterprise value (Market Cap +…
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