Company Profile of XL Axiata: a Leading Cellular Operator in Indonesia

Profits of the third-largest cellular services provider in Indonesia plunged 54 percent (year-on-year) to IDR 670 billion (USD $58.3 million) in the first quarter of 2013. In order to boost and expand its business, XL Axiata decided to acquire Axis Telekom Indonesia, a national GSM mobile operator, for the price of USD $865 million in September 2013.

Click here to continue to XL Axiata's detailed company profile

XL Axiata's Operational Highlights:

	2008	2009	2010	2011	2012
Number of Cellular Subscribers	26.0	31.4	40.4	46.4	45.8
– prepaid	25.6	31.1	40.1	46.1	45.4
– postpaid	0.4	0.4	0.3	0.3	0.4

^{in millions
Source: XL Axiata, Annual Report 2012}

XL Axiata's Financial Highlights:

	2008	2009	2010	2011	2012
Gross Revenue	12,156	13,880	17,236	18,468	21,278
Operating Expenses	6,930	7,501	7,771	8,912	11,224
EBITDA	5,132	6,205	9,287	9,348	9,745
Income before Tax (loss)	(69)	2,363	3,868	3,865	3,751
Net Profit (loss)	(15)	1,709	2,891	2,830	2,744
Total Assets	28,393	27,380	27,251	31,171	35,456
Total Liabilities	24,085	18,577	15,536	17,478	20,086
Earnings per Share (loss)¹	(2)	237	340	332	324
Dividend per Share¹	-	-	107	129.88	135

^{in billion IDR rupiah, except stated otherwise
¹ in IDR rupiah
Source: XL Axiata, Annual Report 2012}

Future Projection XL Axiata's Financial Highlights:

	2012	2013F	2014F	2015F
Gross Revenue	21,278	22,077	23,877	25,526
EBIT	4,679	3,635	4,233	4,460
Net Profit	2,744	2,175	2,474	2,661
Earnings per Share¹	324	255	290	312
P/E Ratio (x)	13.5	17.2	15.1	14.0

^{in billion IDR rupiah, except stated otherwise
¹ in IDR rupiah
Source: Investor Daily}

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