Ann: Market Update, page-4

Outlook
While global factors including oil, coal and commodity price falls combined with the transition in the
CSG-LNG projects from development to production have created difficult market conditions not just for Titan but for many of our customers and suppliers, it will also create numerous opportunities.
Titan Chairman Shaun Scott said “The significant business restructuring we have worked hard to
deliver over the last few months coupled with a successful equity raising and the restructure of
Titan’s accommodation camp lease arrangements, will position Titan to capture these opportunities
when market conditions improve during 2015 as first gas is shipped from the QLD CSG-LNG projects”.
Despite the recent challenges Titan’s long-term strategy to provide a suite of diversified services to
the energy and infrastructure markets remains sound, underpinned by 20 year+ QLD CSG-LNG
project commitments as well as pipeline, infrastructure, rail, road and mining opportunities in
Queensland and Australia.
Although we are not in a position to provide definitive guidance on second half earnings, it will be
positively influenced by the restructuring of camp lease arrangements and the reduction of
organisational costs. In the coming months we expect to receive commencement dates for delayed
contracts pushed back from HY15 and anticipate that market activities will improve once LNG
production commences and first gas is shipped.
Titan’s recent changes to organisational and business unit structures, cost savings initiatives and
implementation of a consolidated sales team, ensures the Company has appropriate capacity to
provide efficient and effective services to current and future clients.
The Company will continue to develop and improve its safety culture for the benefit of our staff,
customers, suppliers and the community