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 2020 | IDR | USD |
| Revenue | 26,009.09B | 1,788.58M |
| Gross Profit | 2,762.04B | 189.93M |
| Operating income | 621,620M | 42.74M |
| Income before tax | 146,211M | 10.05M |
| Net income | 371,598M | 25.55M |
| EBITDA | 13,076.30B | 899.22M |
| Diluted EPS | 34.84 | 0.00 |
| Dividends Per Share | 31.70 | 0.00 |
| Total Assets | 67,744.79B | 4,821.69M |
| Total liabilities | 48,607.43B | 3,459.60M |
| Total equity | 19,137.36B | 1,362.09M |
| Operating cash flow | 13,304.69B | 914.93M |
| Currency in IDR | Currency in USD |
Historical Data
| Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 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 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 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 | |
| PER | 78.35 |
| ROA | 0.56% |
| ROE | 1.94% |
| Operating margin | 2.39% |
| Profit margin | 1.42% |
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%)
- PT Manulife Aset Manajemen Indonesia (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
- PT Sarana Menara Nusantara Tbk
Copyright © 2021 FactSet Research Systems Inc. All rights reserved.
Last Updated on 16 Sep, 2021
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