Profile

Industry Sector Infrastructure, Utilities & Transportation
Industry Sub Sector Transportation
Established 16 July 2009
Listed 5 December 2011
Listed Company Code CASS
Listed Shares 2,086,950,000
Dividend Yes
Major Shareholders (>5%) Cardig Asset Management (25.79%)
SATS Ltd S/A SATS Investment (II) Pte Ltd (21.65%)
SATS Ltd S/A Cemerlang Pte Ltd (20.00%)
Dinamika Raya Swarna (9.34%)
Rizki Bukit Abadi (8.22%)
Key Subsidiaries Jasa Angkasa Semesta
Jas Aero Engineering Services
Citra Anugra Saranaboga
Cipta Anugrah Sarana Catering

Stock Quote Cardig Aero Services - CASS:

Business Summary

Cardig Aero Services provides a wide range of services across the aviation services and food solutions lines of business. The aviation support services include ground and cargo handling, aircraft cleaning services, ground support equipment, aviation security, airport special assistance as well as aircraft release certification, ramp handling and other support services such as lavatory, drinking water, ground power unit, air conditioning unit, air starter and other tooling.

The food solutions line of business comprises inflight catering, raw food trading and industrial catering services specialized in serving mining and oil & gas operations in remote locations, which includes facility management services including housekeeping, laundry, gardening, camp hire & construction, transportation, accommodation & beverages, warehouse and purchasing of quality and safe raw materials to meet HACCP (Hazard Analysis Critical Control Points) and ISO Standards.

The company’s operations cover 17 airports in Indonesia and involve over 40 clients, national and international airliners. CASS also served nine remote catering clients and 15 in-flight catering clients in 2014.

Most of the company's revenue originates from the aviation support services. However, in recent years the company has diversified its business model and in 2014 nearly a quarter of total revenue was generated by non-aviation support services.

Cardig Aero Services's Financial Highlights:

     2010    2011    2012    2013    2014    2015
Revenue   692.1   803.6 1,006.3 1,319.3 1,520.4 1,631.8
Operating Profit
  188.2   190.6   254.2   325.9   347.7   413.6
Net Income    66.3    65.8    87.5   109.7   111.3   118.1
EBITDA   213.6   223.3   291.4   371.1
Income before Tax   189.3   197.9   252.6   343.0   375.0  
Total Assets   427.4   726.6   795.0   916.6 1,085.5 1,279.5
Current Liabilities       443.7   507.8   595.5   721.1
Earnings per Share¹     35     34     42     53     53     57
P/E Ratio (x)      -    11.9    17.4   15.5   23.6

in billion IDR rupiah unless otherwise stated
¹ in IDR rupiah
Source: Cardig Aero Services, Annual Report 2015 & Pefindo

Location

Contact Details

Menara Cardig, 3rd Floor
Jalan Protokol Halim Perdanakusuma
Jakarta 13650
Phone: +62 21 8087 7676
Fax: +62 21 8088 5001
Email: –
www.pt-cas.com