PT XL Axiata Tbk
In the news
- Telkom Indonesia sets out on steep road as 'telco-tech hybrid' Jul 22, 2020
- Google expands in Indonesia's cloud services battleground Jul 8, 2020
- 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 See more articles on PT XL Axiata Tbk
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
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 | 20 | 0.00 |
| 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
| 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 | 0 | 20 |
| 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 | 0 | 0.00 |
| 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%)
- Emirates Telecommunications Group Co. PJSC (3.6%)
- Eastspring Investments (Singapore) Ltd. (2.0%)
- Norges Bank Investment Management (1.4%)
- Massachusetts Financial Services Co. (1.2%)
- The Vanguard Group, Inc. (1.1%)
- Brandes Investment Partners LP (1.0%)
- Dimensional Fund Advisors LP (0.9%)
- BNP Paribas Asset Management Asia Ltd. (0.7%)
- PT Mandiri Manajemen Investasi (0.7%)
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
Copyright © 2020 FactSet Research Systems Inc. All rights reserved.
Last Updated on 27 Nov, 2020
Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.