Monday 6 September 2021
SeaLink Travel Group Limited (SeaLink) has today secured a place in the S&P Dow Jones/ASX200 index (ASX200).
From humble beginnings, the South Australian company has grown from 1,655 employees in 2019 to approximately 9,000 today. With revenue approaching $1.2 billion per annum, a market capitalisation of approximately $2 billion, and operations in Australia, the UK and Singapore, SeaLink is uniquely positioned as Australia’s largest, multi modal international transport and travel company.
The catalyst for this significant growth has been principally derived from the $635 million acquisition of the Transit Systems Group of companies in January 2020, which was followed by a raft of additional contract awards and renewals, securing new future revenue in excess of $4 billion.
Group CEO, Clint Feuerherdt has a clear growth strategy to build upon the Transit Systems acquisition, delivering shareholder value through organic growth opportunities and contracted revenue certainty.
“The Transit Systems acquisition has enabled us to reposition the business to be underpinned by approximately 90% contracted and non-discretionary essential transport services.
Despite managing the effects of the pandemic, SeaLink has achieved some significant milestones.
“Our Singapore operations are doubling in size through securing the PT217 contracts, which will operate both the Bulim and Sembawang-Yishun bus packages – delivering contract revenue of approximately S$1 billion over five years.
“The acquisition of Go West Tours in July 2021 provides a new platform for growth in the mining and resources transport sector.
“We are Australia’s largest and most respected ferry operator, recently reinforced through the award of a 15 year contract to operate the iconic Brisbane River CityCat and Cross River Ferries, which now represents around 30% of our expansive 117 vessel maritime fleet.
“Our senior management team has also been enhanced in line with the Company’s significant growth, building additional capacity and to maintain our all-important focus on the safety of our employees and customers.
“From serving honeymooners in our resorts on Fraser Island to transporting essential workers to their workplace in the midst of lockdowns, our customer focus is unwavering.”
Mr Feuerherdt said they are thrilled to be recognised with a place in the ASX200.
“Being part of the ASX200 will provide greater investor exposure, expanded access to capital and a new peer group that will drive us to even higher levels of performance, governance and professionalism. Securing a place in the ASX200 is recognition of the dedicated commitment and collective effort from everyone at SeaLink.
“From a mining site, or metropolitan city, to a suburban school run or remote island ferry connection, we understand our customers’ needs and we work tirelessly to deliver efficient and intelligent services tailored to each community that we serve.”
An impressive line-up of opportunities is on the horizon - a sentiment investors agree with, given SeaLink’s share price has doubled over the last twelve months.
“As an ASX200 company, and with a foothold in every state in Australia and operations in some of the most respected cities of the world, SeaLink is set to showcase what Australian transport and tourism experts can bring to the world stage,” Mr Feuerherdt said.