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    C52   SG1N31909426

COMFORTDELGRO CORPORATION LIMITED

(C52)
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General Announcement::COMFORTDLEGRO FORMS NEW PRIVATE MOBILITY GROUP AS PART OF ONGOING STRATEGIC REVIEW

06/06/2021 | 08:33pm EDT

COMFORTDLEGRO FORMS NEW PRIVATE MOBILITY GROUP

AS PART OF ONGOING STRATEGIC REVIEW

7 June 2021 - The ComfortDelGro Group will bring its taxi, private bus, car rental and leasing and lifestyle businesses under a new umbrella division called the Private Mobility Group (PMG).

The move aims to synergise and leverage on ComfortDelGro's core strengths in land transport solutions, whilst making it easier for customers to gain access to the various services in the Group. The re-organisation will allow for a more focussed approach in the development of novel and sustainable mobility solutions using digital technology and clean energy.

As part of this plan, a mega app will be introduced by early next year, enabling customers to select from a variety of service offerings from a single platform. Taxi users can therefore opt to rent a car for the weekend just by clicking on the "One CDG" option on the app. The new app will also bring together the lifestyle options like restaurant bookings that are currently available on the newly-launched Zig app.

Heading the new PMG is Mr Jackson Chia, who joined the Group in 2017 and is currently the Group Chief Risk & Sustainability Officer. He will hold both posts concurrently until a suitable replacement is found for his current position.

As Chief Executive of the Private Mobility Group, he will report directly to the Managing Director/Group CEO and oversee the various Business Units comprising ComfortDelGro Taxi, ComfortDelGro Bus, ComfortDelGro Rent-a-Carand Zig. The new PMG will have a combined fleet size of over 12,000.

ComfortDelGro Corporation Limited

205 Braddell Road Singapore 579701

www.comfortdelgro.com

Co. Registration No.: 200300002K

"The ComfortDelGro Group has a broad range of mobility solutions in Singapore. Pooling the resources in the Private Mobility Group will enable us to develop smart and green intermodal mobility solutions for our clients. With scale and our diverse range of assets, we will be better positioned to forge partnerships to experiment and offer innovative products and services. Corporate and individual commuters will be able to access our range of mobility and lifestyle offerings via a unified digital platform. In future, we will even add other services in the Group like learner driving services and medical transport. The intent is to

cross-market CDG's extensive range of transport solutions to enable convenience to the different communities that we serve." said Mr Chia.

----------------------------------------

Background

ComfortDelGro is one of the world's largest land transport companies with a total fleet size of over 40,000 buses, taxis and rental vehicles. We also run 83km of light and heavy rail networks in Singapore. Our global operations span seven countries - Singapore, Australia, China, the United Kingdom, Ireland, Vietnam and Malaysia.

For further clarification, please call:

Tammy Tan

Group Chief Branding and Communications Officer

ComfortDelGro Corporation Limited

O: 6383-8021 | M: 9683-0732

E: tammytan@comfortdelgro.com

2

Disclaimer

ComfortDelGro Corporation Ltd. published this content on 07 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 June 2021 00:32:05 UTC.


© Publicnow 2021
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Financials
Sales 2021 3 613 M 2 725 M 2 725 M
Net income 2021 209 M 158 M 158 M
Net cash 2021 525 M 396 M 396 M
P/E ratio 2021 17,1x
Yield 2021 3,52%
Capitalization 3 576 M 2 696 M 2 696 M
EV / Sales 2021 0,84x
EV / Sales 2022 0,76x
Nbr of Employees 24 025
Free-Float 92,5%
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Mean consensus BUY
Number of Analysts 12
Average target price 1,95 SGD
Last Close Price 1,65 SGD
Spread / Highest target 36,4%
Spread / Average Target 18,3%
Spread / Lowest Target 9,09%
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Managers and Directors
NameTitle
Ban Seng Yang Group CEO, MD & Non-Independent Director
Thong Hean Koh Group Chief Financial Officer
Jit Poh Lim Non-Executive Chairman
Eng Hoe Neo Group Chief Technology Officer
Wai Fun Sum Independent Non-Executive Director
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