PT XL Axiata Tbk

In the news

Axiata shares climb as Malaysia telecom seeks pan-Asia merger May 7, 2019
Telekomunikasi Indonesia buys logistics IT provider Nov 17, 2017
Indonesian companies likely to drive boom in sukuk issuance Oct 24, 2017
Indonesia's Telkomsel wins spectrum for $74 million Oct 18, 2017
Salim Group buying Indonesia e-commerce platform as battle brews Aug 24, 2017

Company Background

XL Axiata is Indonesia's second-largest mobile phone operator by subscribers. XL was established in 1995 as a joint venture between several companies, including an affiliate of Rajawali Group, an Indonesian conglomerate. The shares were later consolidated under the Axiata Group, Malaysia's largest telecommunications company and a two-thirds shareholder. The remainder is publicly traded on the Indonesia Stock Exchange.

Hasnul Suhaimi, an Indonesian, became the company's president and chief executive only a few months after resigning as president of rival Indosat in 2006. The move came amid allegations that Singapore's sovereign wealth fund, Temasek Holdings -- an indirect shareholder in Indosat and its rival, Telekomunikasi Selular better known as Telkomsel -- violated Indonesia's antimonopoly laws. Indosat did not publicly provide a reason for Suhaimi's departure.

XL spent $865 million to buy smaller rival Axis Telekom Indonesia, putting it ahead of Indosat. But the acquisition left XL with a hefty debt, prompting the company to sell 3,500 telecommunication towers to a local tower operator.

Business Summary

PT XL Axiata Tbk engages in the provision of telephony services. It offers the following products and services: cellular mobile network, Internet Services Provider, Closed Fixed Network Services, Internet Telephony Service for Public Interest License, Internet Interconnection Services and Packet Switched Local Fixed Network License. The company was founded on October 6, 1989 and is headquartered in Jakarta Selatan, Indonesia.

Financial Highlights

Dec 2018	IDR	USD
Revenue	22,938.81B	1,611.23M
Gross Profit	-593,948M	-41.71M
Operating income	-3,109.01B	-218.37M
Income before tax	-4,396.28B	-308.79M
Net income	-3,296.89B	-231.57M
EBITDA	8,512.30B	597.90M
Diluted EPS	-308.46	-0.02
Dividends Per Share	--	--
Total Assets	57,613.95B	4,006.53M
Total liabilities	39,270.85B	2,730.93M
Total equity	18,343.09B	1,275.59M
Operating cash flow	8,521.39B	598.54M
	Currency in IDR	Currency in USD

Historical Data

IDR | USD

	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018
Revenue	23,460.01B	22,876.18B	21,341.42B	22,875.66B	22,938.81B
Gross Profit	12,102.46B	12,330.85B	10,212.53B	12,113.76B	-593,948M
Operating income	1,617.51B	1,082.08B	12,221M	1,370.20B	-3,109.01B
Income before tax	-1,003.42B	-630,526M	185,581M	221,238M	-4,396.28B
Net income	-803,714M	-25,338M	375,516M	375,244M	-3,296.89B
EBITDA	8,458.85B	8,217.38B	8,058.26B	8,321.24B	8,512.30B
Diluted EPS	-93.70	-2.95	38	35	-308.46
Dividends Per Share	0	0	0	0	--
Total Assets	63,630.88B	58,844.32B	54,896.28B	56,321.44B	57,613.95B
Total liabilities	49,582.91B	44,752.68B	33,687.14B	34,690.59B	39,270.85B
Total equity	14,047.97B	14,091.63B	21,209.14B	21,630.85B	18,343.09B
Operating cash flow	7,150.08B	6,246.22B	5,975.69B	8,763.18B	8,521.39B

	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018
Revenue	1,977.44M	1,707.52M	1,604.56M	1,709.46M	1,611.23M
Gross Profit	1,020.11M	920.40M	767.83M	905.24M	-41.71M
Operating income	136.34M	80.76M	0.91M	102.39M	-218.37M
Income before tax	-84.57M	-47.06M	13.95M	16.53M	-308.79M
Net income	-67.74M	-1.89M	28.23M	28.04M	-231.57M
EBITDA	712.99M	613.36M	605.86M	621.83M	597.90M
Diluted EPS	-0.00	-0.00	0.00	0.00	-0.02
Dividends Per Share	0	0	0	0	--
Total Assets	5,137.73M	4,268.72M	4,074.69M	4,151.20M	4,006.53M
Total liabilities	4,003.46M	3,246.47M	2,500.43M	2,556.88M	2,730.93M
Total equity	1,134.27M	1,022.24M	1,574.25M	1,594.31M	1,275.59M
Operating cash flow	602.68M	466.23M	449.28M	654.85M	598.54M

Valuation Measures

Dec 2018
PER	--
ROA	-5.78%
ROE	-16.49%
Operating margin	-13.55%
Profit margin	-14.37%

Key executives

President Director: Dian Siswarini
Independent Director: Yessie D. Yosetya
Director: Allan Bonke
Director: Mohamed Adlan bin Ahmad Tajudin
Director: Abhijit Navalekar

Shareholders

Axiata Group Bhd. (66.3%)
Brandes Investment Partners LP (2.0%)
Massachusetts Financial Services Co. (1.7%)
The Vanguard Group, Inc. (1.1%)
Value Partners Ltd. (1.0%)
Dimensional Fund Advisors LP (0.9%)
APG Asset Management NV (0.9%)
Norges Bank Investment Management (0.6%)
FIL Investment Management (Singapore) Ltd. (0.4%)
Templeton Investment Counsel LLC (0.2%)

Contact Details

Website:http://www.xl.co.id
Address: XL Axiata Tower, Jalan H.R. Rasuna Said X5 Kay, Jakarta Selatan, 12950, Indonesia
Phone: +62.21.576.1881

Related Companies

Excel Phoneloan 818 BV
Excelcomindo Finance Co. BV

Competitors

PT Telekomunikasi Indonesia (Persero) Tbk. Class B

Last Updated on 20 Sep, 2019