AUSSIE PUBLIC TRANSPORT ENTITY JOINS ASX 200

By: Fabian Cotter, Photography by: courtesy Sealink Travel Group


BUS OPERATOR and public transport entity Sealink Travel Group – owner of Transit Systems and Torrens Transit et al – has now arrived at the coveted ASX 200 (Australian Securities Exchange), it confirms.

 AUSSIE PUBLIC TRANSPORT ENTITY JOINS ASX 200
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 company states.

In securing a place in the S&P Dow Jones/ASX 200 index, the achievement hallmarks the organisation’s growth from humble beginnings in South Australian, growing from 1,655 employees in 2019 to approximately 9,000 today.

With revenue approaching AUD$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, it states.

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, Sealink explains.

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 company states.

"The Transit Systems acquisition has enabled us to re-position the business to be underpinned by approximately 90 per cent contracted and non-discretionary essential transport services," Feuerherdt said.

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MINING GROWTH

Additionally, despite managing the effects of the pandemic, Sealink has achieved some significant milestones, it explains.

"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," Feuerherdt stated.

"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 per cent 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 customer.

"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."

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NATIONAL FOOTHOLD

Feuerherdt says the company is thrilled to be recognised with a place in the ASX 200.

"Being part of the ASX 200 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," Feuerherdt explained.

"Securing a place in the ASX 200 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."

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MORE TO COME

An impressive line-up of opportunities is on the horizon - a sentiment investors agree with, given Sealink’s share price has doubled over the past twelve months, it states.

"As an ASX 200 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," Feuerherdt added.

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ABOUT SEALINK

Sealink Travel Group is Australia’s largest integrated land and marine, tourism and public transport service provider with established international operations in London and Singapore, it states.

It is one of Australia’s most experienced and diverse multi-modal transport businesses, boasting performance-driven capabilities across ferry, bus and light rail, it explains.

Sealink is made up of Australian marine and tourism operations and Transit Systems’ domestic and international public bus and light-rail transport operations. The company moves more than 207 million customers per year, has approximately 9,000 employees and operates approximately 3,900 buses, 113 vessels and 24 light rail vehicles, it confirms.

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