Profil

Industry Sector Transportation
Industry Sub Sector Transport Services
Established 1989
Listed 2 November 2012
Listed company code TAXI
Listed Shares 1,051,280,000
Dividend Yes
Major Shareholders (>5%) Rajawali Corpora (51.00%)
Key Subsidiaries Satria Express Perdana
Express Sabana Utama

Stock Quote Express Transindo Utama - TAXI:

Business Summary

Express Transindo Utama is the biggest competitor of the Blue Bird Group with regard to taxi operations in Indonesia. Currently Blue Bird is still market leader but Express is showing signs of aggressive expansion. On 2 November 2012 Express debuted on the Indonesia Stock Exchange (making it Indonesia's first publicly traded cab service) by selling 49 percent of its equity, raising IDR 588.7 billion (about USD $60 million). Express used proceeds to increase and rejuvenate its fleet, and to acquire an entire stake in Jakarta-based taxi operator Ekspres Mulia Kencana.

Express provides the following services:

Regular Taxi Services
Premium Taxi Services
Value Added Transportation Business (VATB)

However, approximately 85 percent of the company's income comes from the regular taxi services. The company's regular taxis can be found in the Greater Jakarta area, Semarang, Surabaya, Padang, and Medan. At the end of 2014, Express had around 400 premium taxicabs that are all used in the Greater Jakarta area. Its VATB business segment consists of limousine services (Bandung, Bali and Lombok) and charter bus services.

The company is part of Rajawali Corpora. Rajawali Corpora, one of Indonesia's largest conglomerates, was founded in 1984 and is active in various sectors including mining, plantation, transportation and property.

Click here for an overview and analysis of Indonesia's taxi services industry

Express Transindo Utama's Operational Highlights:

     2009    2010    2011    2012    2013    2014    2015¹
Taxi Fleet Size
   3,198    4,922    6,002    8,035   10,000   11,050   15,000
Passengers    358,867  321,254  361,737    

¹ indicates target

Express Transindo Utama's Financial Highlights:

      2010     2011     2012     2013     2014
Revenue
   219.3    338.4    520.9    686.9    889.7
Gross Profit     55.8    137.7    242.7    309.5    397.6
Income before Tax     46.3     81.8    106.9    174.0    152.6
Net Income     35.0     59.6     79.2    132.4    118.1
EBITDA        219.0    323.0    
Earnings per Share¹    46.72    45.39    53.46    61.72    53.50
Total Assets    658.5    999.2  1,782.8  2,137.0  3,011.3
Total Liabilities    516.5    792.0  1,096.0  1,339.9  2,118.8
Dividend per Share¹          10      12

in billion IDR rupiah (except stated otherwise)
¹ in IDR rupiah
Sources: Express Transindo Utama, Annual Report 2014

Stock Performance Express Transindo Utama (TAXI) versus Jakarta Composite Index (JKSE):*

* normalized stocks, 1 January 2015 = 100

Lokasi

Detail Kontak

Jalan Sukarjo Wiryopranoto No. 11
Jakarta 11160
Phone: +62 21 2650 7000
Fax: +62 21 2650 7001
Email: investor.relation@expressgroup.co.id
www.expressgroup.co.id