PT XL Axiata Tbk

In the news

Mixed signals: as Indonesia's 5G race heats up, government says 'no rush' Oct 2, 2019
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

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 2019	IDR	USD
Revenue	25,132.62B	1,777.21M
Gross Profit	5,121.13B	362.13M
Operating income	2,619.66B	185.24M
Income before tax	1,144.11B	80.90M
Net income	712,579M	50.38M
EBITDA	9,982.86B	705.92M
Diluted EPS	66.67	0.00
Dividends Per Share	--	--
Total Assets	62,725.24B	4,518.29M
Total liabilities	43,603.27B	3,140.88M
Total equity	19,121.96B	1,377.41M
Operating cash flow	11,442.04B	809.10M
	Currency in IDR	Currency in USD

Historical Data

IDR | USD

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019
Revenue	22,876.18B	21,341.42B	22,875.66B	22,938.81B	25,132.62B
Gross Profit	12,330.85B	10,212.53B	3,537.39B	-593,948M	5,121.13B
Operating income	1,082.08B	12,221M	1,370.20B	-3,109.01B	2,619.66B
Income before tax	-630,526M	185,581M	221,238M	-4,396.28B	1,144.11B
Net income	-25,338M	375,516M	375,244M	-3,296.89B	712,579M
EBITDA	8,217.38B	8,058.26B	8,321.24B	8,512.30B	9,982.86B
Diluted EPS	-2.95	38	35	-308.46	66.67
Dividends Per Share	0	0	0	--	--
Total Assets	58,844.32B	54,896.28B	56,321.44B	57,613.95B	62,725.24B
Total liabilities	44,752.68B	33,687.14B	34,690.59B	39,270.85B	43,603.27B
Total equity	14,091.63B	21,209.14B	21,630.85B	18,343.09B	19,121.96B
Operating cash flow	6,246.22B	5,975.69B	8,763.18B	8,521.39B	11,442.04B

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019
Revenue	1,707.52M	1,604.56M	1,709.46M	1,611.23M	1,777.21M
Gross Profit	920.40M	767.83M	264.34M	-41.71M	362.13M
Operating income	80.76M	0.91M	102.39M	-218.37M	185.24M
Income before tax	-47.06M	13.95M	16.53M	-308.79M	80.90M
Net income	-1.89M	28.23M	28.04M	-231.57M	50.38M
EBITDA	613.36M	605.86M	621.83M	597.90M	705.92M
Diluted EPS	-0.00	0.00	0.00	-0.02	0.00
Dividends Per Share	0	0	0	--	--
Total Assets	4,268.72M	4,074.69M	4,151.20M	4,006.53M	4,518.29M
Total liabilities	3,246.47M	2,500.43M	2,556.88M	2,730.93M	3,140.88M
Total equity	1,022.24M	1,574.25M	1,594.31M	1,275.59M	1,377.41M
Operating cash flow	466.23M	449.28M	654.85M	598.54M	809.10M

Valuation Measures

Dec 2019
PER	47.24
ROA	1.18%
ROE	3.80%
Operating margin	10.42%
Profit margin	2.83%

Key executives

President Director: Dian Siswarini
Director-Finance: Mohamed Adlan bin Ahmad Tajudin
Director: Yessie D. Yosetya
Commercial Director: Allan Bonke
Chief Strategy & Director-Business Development: Abhijit Navalekar

Shareholders

Axiata Group Bhd. (66.2%)
Norges Bank Investment Management (1.4%)
The Vanguard Group, Inc. (1.1%)
Brandes Investment Partners LP (1.0%)
Dimensional Fund Advisors LP (0.9%)
PT Schroder Investment Management Indonesia (0.6%)
FIL Investment Management (Singapore) Ltd. (0.4%)
BlackRock Fund Advisors (0.3%)
APG Asset Management NV (0.2%)
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

Axis Telekom
Excel Phoneloan 818 BV
Excelcomindo Finance Co. BV

Competitors

PT Telekomunikasi Indonesia (Persero) Tbk. Class B

Last Updated on 2 Jun, 2020