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TITAN ENERGY SERVICES LIMITED (TTN)


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General Information
Company Name: Titan Energy Services Limited
Stock Code: TTN
Website: www.titanenergyservices.com.au
GICS Sub-Industry: Oil & Gas Equipment & Services
Market Cap ($M): 77
Equiv. Shares (M): 48

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 1.625 $ 1.620 $ 1.625 $ 1.600 $ 1.625 66,145 0%

Company Overview

Business Description:
Titan Energy Services Limited (TTN) provides a range of energy services to the Coal Seam Gas industry in Australia. TTN focuses on oil and gas field services including operation of portable camps and drilling rigs and related supporting services including equipment hire and transport and logistics. TTN has three main services solutions namely: drilling, camp hire and catering.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A 2.3 10.0 -- 7.1 1.9 2.6 100.0
2011  A 0.0 0.0 -- -- 0.0 -- --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap A 2011 F 2012 F A 2011 F 2012 F A 2011 F 2012 F
Titan Energy Services (TTN) $77 M -- -- -- 16.2338 -- -- 0.0114 -- --
WorleyParsons (WOR) $5,013 M 0.1556 -0.0145 0.1546 14.7888 15.0062 12.9972 0.0441 0.0450 0.0476

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth P/S Ratio
TTN -- 16.2 1.99 -- 1.10
Market 1.08 12.7 0.89 1.87 2.60
Sector 1.36 15.1 0.77 2.18 5.20

Directors
Name Position Start Date
Mr Jim Diakos Executive Director 27 October 2011
Mr James (Jim) Richard Sturgess Managing Director 28 June 2011
Mr Shaun Edward Scott Non-Executive Chairman 27 October 2011
Mr Stephen Grant Bizzell Non-Executive Director 28 March 2011
Mr Mark A Snape Non-Executive Director 18 October 2012
Mr Simon John Keyser Non-Executive Director 28 March 2011

Management
Name Position
David Thornton Chief Financial Officer,Company Secretary
Gus Van Der Heide Chief Operating Officer

Substantial Shareholders
Holding Name
-- (--%) Not Disclosed in Annual Report

Calendar of Events
Date Event
30 January 2014 Report (Interim)
24 October 2013 Report (Annual)
20 August 2013 Report (Prelim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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