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Communications

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

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 2020 IDRUSD
Revenue26,009.09B1,788.58M
Gross Profit2,762.04B189.93M
Operating income621,620M42.74M
Income before tax146,211M10.05M
Net income371,598M25.55M
EBITDA13,076.30B899.22M
Diluted EPS34.840.00
Dividends Per Share31.700.00
Total Assets67,744.79B4,821.69M
Total liabilities48,607.43B3,459.60M
Total equity19,137.36B1,362.09M
Operating cash flow13,304.69B914.93M
Currency in IDRCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 21,341.42B 22,875.66B 22,938.81B 25,132.62B 26,009.09B
Gross Profit 10,212.53B 3,537.39B -593,948M 5,121.13B 2,762.04B
Operating income 12,221M 1,370.20B -3,109.01B 2,619.66B 621,620M
Income before tax 185,581M 221,238M -4,396.28B 1,144.11B 146,211M
Net income 375,516M 375,244M -3,296.89B 712,579M 371,598M
EBITDA 8,058.26B 8,321.24B 8,512.30B 9,982.86B 13,076.30B
Diluted EPS 38 35 -308.46 66.67 34.84
Dividends Per Share 0 0 0 20 31.70
Total Assets 54,896.28B 56,321.44B 57,613.95B 62,725.24B 67,744.79B
Total liabilities 33,687.14B 34,690.59B 39,270.85B 43,603.27B 48,607.43B
Total equity 21,209.14B 21,630.85B 18,343.09B 19,121.96B 19,137.36B
Operating cash flow 5,975.69B 8,763.18B 8,521.39B 11,442.04B 13,304.69B
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 1,604.56M 1,709.46M 1,611.23M 1,777.21M 1,788.58M
Gross Profit 767.83M 264.34M -41.71M 362.13M 189.93M
Operating income 0.91M 102.39M -218.37M 185.24M 42.74M
Income before tax 13.95M 16.53M -308.79M 80.90M 10.05M
Net income 28.23M 28.04M -231.57M 50.38M 25.55M
EBITDA 605.86M 621.83M 597.90M 705.92M 899.22M
Diluted EPS 0.00 0.00 -0.02 0.00 0.00
Dividends Per Share 0 0 0 0.00 0.00
Total Assets 4,074.69M 4,151.20M 4,006.53M 4,518.29M 4,821.69M
Total liabilities 2,500.43M 2,556.88M 2,730.93M 3,140.88M 3,459.60M
Total equity 1,574.25M 1,594.31M 1,275.59M 1,377.41M 1,362.09M
Operating cash flow 449.28M 654.85M 598.54M 809.10M 914.93M

Valuation Measures

Dec 2020
PER78.35
ROA0.56%
ROE1.94%
Operating margin2.39%
Profit margin1.42%

Key executives

  • President Director: Dian Siswarini
  • Finance Director: Budi Pramantika
  • Technology Director: I Gede Darmayusa
  • Director: Yessie D. Yosetya
  • Director: David Arcelus Oses

Shareholders

  • Axiata Group Bhd. (66.1%)
  • Emirates Telecommunications Group Co. PJSC (3.6%)
  • Eastspring Investments (Singapore) Ltd. (2.0%)
  • Norges Bank Investment Management (1.3%)
  • Massachusetts Financial Services Co. (1.2%)
  • Brandes Investment Partners LP (1.0%)
  • The Vanguard Group, Inc. (0.9%)
  • BNP Paribas Asset Management Asia Ltd. (0.7%)
  • PT Mandiri Manajemen Investasi (0.7%)
  • Dimensional Fund Advisors LP (0.6%)

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 Telkom Indonesia (Persero) Tbk Class B
Last Updated on 7 May, 2021

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