Comfortdelgro Corporation Limited · SGX:C52
Comfortdelgro — H1 2024 Earnings Presentation
68 slides from Comfortdelgro's earnings presentation, Aug 14, 2024
Slide 1: Financial Statements and Related Announcement: Half Yearly Results
FINANCIAL STATEMENTS AND RELATED ANNOUNCEMENT::HALF YEARLY RESULTS Issuer & Securities Issuer/ Manager COMFORTDELGRO CORPORATION LIMITED Securities COMFORTDELGRO CORPORATION LTD - SG1N31909426 - C52 Stapled Security No Announcement Details Announcement Title Financial Statements and Related Announce
Slide 2: Total size =2119K MB
Total size =2119K MB
Slide 3: Unaudited Condensed Interim Consolidated Financial Statements Contents
COMFORTDELGRO CORPORATION LIMITED Company Registration Number: 200300002K Unaudited Condensed Interim Consolidated Financial Statements for the half year ended 30 June 2024 and Dividend Announcement CONTENTS Page A. CONDENSED INTERIM GROUP INCOME STATEMENT 1 B. CONDENSED INTERIM GROUP COMPREHENSIVE
Slide 4: Condensed Interim Group Income Statement
Page 1 of 29 A. CONDENSED INTERIM GROUP INCOME STATEMENT Group 1st Half 1st Half Fav/ 2024 2023 (Adv) Note $'m $'m % Revenue 4 2,117.5 1,862.3 13.7 Staff costs (973.1) (901.2) (8.0) Fuel and electricity costs (210.6) (201.6) (4.5) Contract services (188.2) (96.7) (94.6) Depreciation and amortisation
Slide 5: Condensed Interim Group Comprehensive Income Statement
Page 2 of 29 B. CONDENSED INTERIM GROUP COMPREHENSIVE INCOME STATEMENT Group 1st Half 1st Half Fav/ 2024 2023 (Adv) $'m $'m % Profit after Taxation 116.1 100.0 16.1 Items that may be reclassified subsequently to profit and loss Fair value adjustment on cash flow hedges 1.3 (0.6) n.m. Exchange differ
Slide 6: Condensed Interim Statements of Financial Position
Page 3 of 29 C. CONDENSED INTERIM STATEMENTS OF FINANCIAL POSITION Group Company 30 Jun 31 Dec 30 Jun 31 Dec 2024 2023 2024 2023 Note $'m $'m $'m $'m ASSETS Current assets Short-term deposits and bank balances 883.7 856.9 103.7 145.1 Trade and other receivables 625.8 532.7 6.4 7.0 Prepayments 91.3 8
Slide 7: Condensed Interim Group Cash Flow Statement
Page 4 of 29 D. CONDENSED INTERIM GROUP CASH FLOW STATEMENT Group 1st Half 1st Half 2024 2023 $'m $'m Note Operating activities Profit before Taxation 143.8 123.7 Adjustments for: Depreciation and amortisation 176.7 180.6 Finance costs 16.1 9.3 Interest income (13.1) (14.9) Dividend income (6.1) - N
Slide 8: Condensed Interim Group Cash Flow Statement (cont'd)
Page 5 of 29 D. CONDENSED INTERIM GROUP CASH FLOW STATEMENT (cont’d) Group 1st Half 1st Half 2024 2023 $'m $'m Note Financing activities: New loans raised 1,319.1 552.9 Repayment of borrowings and lease liabilities from financial institutions (1,024.7) (538.1) Payments under lease liabilities (28.5)
Slide 9: Condensed Interim Statements of Changes in Equity
Page 6 of 29 E. CONDENSED INTERIM STATEMENTS OF CHANGES IN EQUITY Group Attributable to shareholders of the Company Foreign currency Non- Share Treasury Other translation Retained controlling Total Note capital shares reserves reserve earnings Total interests equity $’m $’m $’m $’m $’m $’m $’m $’m B
Slide 10: Condensed Interim Statements of Changes in Equity (cont'd)
Page 7 of 29 E. CONDENSED INTERIM STATEMENTS OF CHANGES IN EQUITY (cont’d) Company Share Treasury Other Retained Total Note capital shares reserves earnings equity $’m $’m $’m $’m $’m Balance at 1 January 2024 694.4 (2.0) (32.5) 583.5 1,243.4 Total comprehensive income for the period Profit for the
Slide 11: Notes to the Condensed Interim Consolidated Financial Statements
Page 8 of 29 F. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS 1. CORPORATE INFORMATION ComfortDelGro Corporation Limited (the Company) is incorporated in the Republic of Singapore with its registered office and principal place of business at 205 Braddell Road, Singapore 579701. Th
Slide 12: Use of judgements and estimates (cont'd)
Page 9 of 29 2.2. Use of judgements and estimates (cont’d) The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revi
Slide 13: Use of judgements and estimates (cont'd)
Page 10 of 29 2.2. Use of judgements and estimates (cont’d) Impairment review of taxi vehicles, taxi licences, goodwill and investment in subsidiaries The Group tests goodwill and taxi licences with indefinite useful lives for impairment annually, or more frequently if there are indications that the
Slide 14: Seasonal operations and segment information
Page 11 of 29 3. SEASONAL OPERATIONS The Group’s businesses are not affected significantly by seasonal or cyclical factors during the financial period. 4. SEGMENT AND REVENUE INFORMATION Information reported to the Group’s chief operating decision maker for the purposes of resource allocation and as
Slide 15: Segment information: business segments
Page 12 of 29 4.1 Segment information (i) Business Segments Other Inspection Public Taxi / Private & Testing Other Transport PHV Transport Services Segments Total $’m $’m $’m $’m $’m $’m 1st Half 2024 Revenue 1,515.7 327.5 173.5 55.1 45.7 2,117.5 Operating Profit 55.0 63.2 2.5 16.8 3.0 140.5 Net inc
Slide 16: Segment information (cont'd): business segments 1H2023
Page 13 of 29 4.1 Segment information (cont’d) (i) Business Segments (cont’d) Other Inspection Public Taxi / Private & Testing Other Transport PHV Transport Services Segments Total $’m $’m $’m $’m $’m $’m 1st Half 2023 Revenue 1,416.1 277.9 69.5 54.7 44.1 1,862.3 Operating Profit 52.4 42.7 (0.4) 16.
Slide 17: Geographical segmental information and revenue
Page 14 of 29 4.1 Segment information (cont’d) (ii) Geographical Segmental Information Additions to Revenue Non-current assets* Non-current assets* 1st Half 1st Half 30 Jun 31 Dec 30 Jun 31 Dec 2024 2023 2024 2023 2024 2023 $’m $’m $’m $’m $’m $’m Singapore 1,137.1 1,084.4 1,059.3 1,060.5 116.7 167.
Slide 18: Profit after taxation and dividends
Page 15 of 29 7. PROFIT AFTER TAXATION 7.1 Significant items Group 1st Half 1st Half 2024 2023 $’m $’m Amortisation of intangible assets 2.9 2.6 Depreciation expense from vehicles, premises and equipment and right-of-use assets 173.8 178.0 Net gain on disposal of vehicles, premises and equipment (2.
Slide 19: Investments
Page 16 of 29 10. INVESTMENTS Group Company 30 Jun 31 Dec 30 Jun 31 Dec 2024 2023 2024 2023 $’m $’m $’m $’m Financial assets at fair value through Other Comprehensive Income: Equity shares in corporations At beginning of period 49.5 25.2 17.2 8.7 Additions 0.4 13.4 - - Fair value adjustment (6.9) 10
Slide 20: Intangible assets
Page 17 of 29 12. INTANGIBLE ASSETS Rights Software Taxi under Customer Development Group Licences contract Brands Relationship costs Total $’m $’m $’m $’m $’m $’m Cost: At 1 January 2023 254.8 12.1 8.3 4.9 6.1 286.2 Arising from acquisition of business assets - - 5.3 1.5 - 6.8 Additions - - - - 11.
Slide 21: Goodwill
Page 18 of 29 13. GOODWILL Group 30 Jun 31 Dec 2024 2023 $’m $’m Cost: At beginning of period 641.7 639.3 Arising from acquisition of subsidiaries 248.1 * 6.2 Exchange differences 12.7 (3.8) At end of period 902.5 641.7 Accumulated impairment: At beginning of period (24.8) (24.8) Exchange difference
Slide 22: Aggregate amount of Group's borrowings and lease liabilities
Page 19 of 29 14. AGGREGATE AMOUNT OF GROUP’S BORROWINGS AND LEASE LIABILITIES Secured / Unsecured Group Borrowings and Lease Liabilities Group 30 Jun 31 Dec 2024 2023 $’m $’m Borrowings Secured Amount repayable in one year or less, or on demand 18.0 17.9 Amount repayable after one year 117.2 125.3
Slide 23: Share capital and treasury shares
Page 20 of 29 15. SHARE CAPITAL Group and Company 30 Jun 31 Dec 30 Jun 31 Dec 2024 2023 2024 2023 Number of ordinary shares $’m $’m (million) Issued and paid-up: At beginning and end of period 2,167.5 2,167.5 694.4 694.4 As at 30 June 2024, the total number of issued shares was 2,167,447,913 (31 Dec
Slide 24: Financial assets and liabilities; acquisitions
Page 21 of 29 17. FINANCIAL ASSETS AND FINANCIAL LIABILITIES Set out below is an overview of the financial assets and financial liabilities of the Group as at 30 June 2024 and 31 December 2023: Group Company 30 Jun 31 Dec 30 Jun 31 Dec 2024 2023 2024 2023 $’m $’m $’m $’m Financial Assets Amortised c
Slide 25: Acquisitions of business assets / new subsidiaries (cont'd)
Page 22 of 29 18. ACQUISITIONS OF BUSINESS ASSETS/ NEW SUBSIDIARIES (cont’d) $’m Analysis of cash flows on acquisition: Purchase consideration (135.4) Cash and cash equivalent balances acquired 7.2 Bank overdraft acquired (11.4) Contingent consideration liability 36.0 Net cash flow on acquisition (1
Slide 26: Acquisitions of business assets / new subsidiaries (cont'd)
Page 23 of 29 18. ACQUISITIONS OF BUSINESS ASSETS/ NEW SUBSIDIARIES (cont’d) $’m Analysis of cash flows on acquisition: Purchase consideration (160.0) Cash and cash equivalent balances acquired 15.0 Prior investments in A2B shares 14.8 Net cash flow on acquisition (130.2) Acquisition-related costs h
Slide 27: Other information required by Listing Rule Appendix 7.2: review
Page 24 of 29 G. OTHER INFORMATION REQUIRED BY LISTING RULE APPENDIX 7.2 1. REVIEW The condensed interim financial statements have not been audited or reviewed. 2. REVIEW OF GROUP PERFORMANCE Performance Review Group Revenue of $2,117.5m for 1H2024 was $255.2m or 13.7% higher compared to $1,862.3m f
Slide 28: Review of group performance (cont'd)
Page 25 of 29 2. REVIEW OF GROUP PERFORMANCE (cont’d) Performance Review (cont’d) Revenue from the Group’s Public Transport Business of $1,515.7m for 1H2024 was $99.6m or 7.0% higher than the $1,416.1m for 1H2023 due mainly to increased revenues for UK public bus contracts, improved rail ridership a
Slide 29: Review of group performance: statements of financial position
Page 26 of 29 2. REVIEW OF GROUP PERFORMANCE (cont’d) Statements of Financial Position The financial position of the Group as at 30 June 2024 remained strong. Total Equity increased by $34.3m from $3,013.9m as at 31 December 2023 to $3,048.2m as at 30 June 2024 due mainly to profit generated for the
Slide 30: Group outlook
Page 27 of 29 4. GROUP OUTLOOK Public Transport • Singapore Public Transport • Rail revenues are expected to remain stable. • As only one out of two bus packages re-tendered in 2023 was successfully renewed, bus revenues are expected to reduce from September 2024. • The Seletar bus package was succe
Slide 31: Dividend
Page 28 of 29 5. DIVIDEND (a) Current Financial Period Reported On The Directors are pleased to declare a tax-exempt one-tier interim dividend of 3.52 cents (2023: 2.90 cents) per ordinary share. Name of Dividend Interim Dividend Type Cash; Tax-exempt one-tier Dividend Amount per 3.52 cents ordinary
Slide 32: Confirmations pursuant to Listing Manual rules
Page 29 of 29 7. CONFIRMATION PURSUANT TO RULE 720(1) OF THE LISTING MANUAL The Company confirms that it has procured the Undertakings from all its Directors and Executive Officers in the format set out in Appendix 7.7 pursuant to Rule 720(1) of the Listing Manual. 8. NEGATIVE ASSURANCE CONFIRMATION
Slide 33: 1H2024 Financial Results Presentation
1H2024 FINANCIAL RESULTS PRESENTATION 14 August 2024
Slide 34: Disclaimer
Disclaimer This presentation is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for shares (“Shares”) in ComfortDelGro Corporation Limited (the "Company"). The value of shares and the income derived from them may fall as well as rise. Shares are
Slide 35: Contents
Contents • Executive Summary • Review of Financial Results • Performance by Business Segment • Business Outlook • Dividend Payout Page 3
Slide 36: Executive Summary
EXECUTIVE SUMMARY mages COMFORIDELGRO.
Slide 37: Executive Summary
Executive Summary Stronger 1H2024 earnings year-on-year, 21.4% increase in PATMI vs 1H2023 and 5 consecutive quarters of improvements vs PCP 1H2024 Financial Highlights 2Q2024 Financial Highlights • Revenue of $2.12b, ↑13.7% from 1H2023 • Revenue of $1.11b, ↑16.4% from 2Q2023 • PATMI $95.3m, ↑21.4%
Slide 38: 1H2024 Key Developments
1H2024 Key Developments Acquisitions Contract Wins Strategic Partnership CMAC Group A2B Australia Rail Tenders Public Bus Franchises Pony.ai • Highly experienced • Scale point-to-point • To operate the South sector • Added four public bus • Strategic partnership for management team brings mobility b
Slide 39: Key Business Updates
Key Business Updates Public Transport • UK public bus contract renewals at improved margins continuing strongly • Retained SG rail advertising under new concession agreement from 1 January 2024 • Industrywide driver shortages remains a challenge Taxi & Private Hire • Taxi fare and Zig commission inc
Slide 40: Review of Financial Results
REVIEW OF FINANCIAL RESULTS Page 8
Slide 41: Income Statement
Income Statement $’m 1H2024 1H2023 Revenue 2,117.5 1,862.3 • 1H2024 PATMI ↑$16.8m or 21.4% vs 1H2023 Operating Costs (1,803.1) (1,566.3) • 1H2024 Revenue ↑$255.2m or 13.7%; Operating Costs ↑($236.8m) or (15.1%) Depreciation and Amortisation (176.7) (180.6) • Platform fees introduced for Singapore Ta
Slide 42: Income Statement (quarterly)
Income Statement $’m 2Q2024 1Q2024 4Q2023 3Q2023 2Q2023 1Q2023 Revenue 1,112.9 1,004.6 1,021.4 996.6 955.9 906.4 Operating Costs (941.6) (861.5) (850.7) (833.4) (798.8) (767.5) Depreciation and Amortisation (88.8) (87.9) (94.0) (89.6) (91.8) (88.8) Operating Profit excl. non-recurring items 82.5 55.
Slide 43: Balance Sheet
Balance Sheet $’m Jun 24 Dec 23 Fav/(Adv) Cash and short-term deposit 883.7 856.9 26.8 / 3.1% Other current assets 871.0 757.2 113.8 / 15.0% Total current assets 1,754.7 1,614.1 140.6 / 8.7% Total non-current assets 3,376.1 3,075.6 300.5 / 9.8% Total Assets 5,130.8 4,689.7 441.1 / 9.4% Total current
Slide 44: Cashflow
Cashflow $’m 1H2024 1H2023 Cash from Operating Activities 321.2 259.8 Total Utilisation of Cash Net CAPEX (196.8) (152.1) Dividends (Ordinary) (96.3) (64.6) Dividends (Special) - (53.3) Tax (31.6) (47.4) Others (6.3) (4.3) (331.0) (321.7) Acquisitions (234.3) (13.0) Net Increase/(Decrease) in Borrow
Slide 45: Group Treasury Status
Group Treasury Status $’m Jun 24 Dec 23 Fav/(Adv) Cash and short-term deposits 883.7 856.9 26.8 / 3.1% Borrowings + finance leases (682.2) (359.4) (322.8) / (89.8%) Net Cash 201.5 497.5 (296.0) / (59.5%) Gross Gearing (gross debt / equity) 22.4% 11.9% (10.5%) points Total Available facilities 745.7
Slide 46: CAPEX Summary
CAPEX Summary 1H2024 1H2023 $213.0m $164.7m Proceeds from $ 16.2 m disposals Proceeds from $ 57.3 m $ 12.6 m disposals $ 46.4 m $ 109.2 m $ 196.8 m Net CAPEX $ 65.1 m $ 152.1 m Net CAPEX $ 23.5 m $ 10.9 m $ 21.5 m $ 4.9 m $ 14.1 m $ 24.8 m Buses Taxis Other vehicles Land and buildings Others • Buses
Slide 47: Revenue by Geographical Region
Revenue by Geographical Region Revenue by Geographical Region ($’m) 2,117.5 1,862.3 1,137.1 1H2024 1,084.4 1H2023 548.7 396.4 380.8 334.8 49.9 45.7 1.0 1.0 Total Singapore UK / EU Australia China Malaysia • 1H2024 overseas revenue contribution has increased to 46.3% (1H2023: 41.8%) mainly due to CMA
Slide 48: Operating Profit by Geographical Region
Operating Profit by Geographical Region Operating Profit by Geographical Region ($’m) 140.5 117.2 99.2 92.3 1H2024 1H2023 23.9 24.2 9.5 7.7 6.4 0.2 0.1 (5.8) Total Singapore Australia UK / EU China Malaysia • A2B acquired in Australia in 1H2024; public bus contracts renewed in 1H2023 at lower margin
Slide 49: Performance by Business Segment
PERFORMANCE BY BUSINESS SEGMENT Page 17
Slide 50: Public Transport
Public Transport • Main components: Public Bus, Public Rail, Scheduled Bus $’m 1H2024 1H2023 • 1H2024 OPE ↑$2.9m or 5.6% vs 1H2023 • 1H2024 Revenue ↑$99.6m or 7.0%; Operating Costs Revenue 1,515.7 1,416.1 ↑($96.7m) or (7.1%) Operating Costs • UK public bus contract renewals at improved margins (1,46
Slide 51: Public Transport (quarterly)
Public Transport • Main components: Public Bus, Public Rail, Scheduled Bus $’m 2Q2024 1Q2024 4Q2023 3Q2023 2Q2023 1Q2023 Revenue 774.6 741.1 784.7 758.5 730.0 686.1 Operating Costs (743.6) (717.3) (751.7) (725.6) (701.1) (663.1) Operating Profit excl. non- 31.0 23.8 33.0 32.9 28.9 23.0 recurring ite
Slide 52: Taxi & Private Hire
Taxi & Private Hire • Main components: Taxi Rental, PHV Rental, Platform Services, Engineering Services, Fuel Sales, newly acquired A2B $’m 1H2024 1H2023 • 1H2024 OPE ↑$19.0m or 44.6% vs 1H2023 • Includes A2B acquired Apr’24 Revenue 327.5 277.9 • 1H2024 Revenue ↑$49.6m or 17.8% mainly due to: Operat
Slide 53: Taxi & Private Hire (quarterly)
Taxi & Private Hire • Main components: Taxi Rental, PHV Rental, Platform Services, Engineering Services, Fuel Sales, newly acquired A2B $’m 2Q2024 1Q2024 4Q2023 3Q2023 2Q2023 1Q2023 Revenue 179.2 148.3 149.2 147.6 140.8 137.1 Operating Costs (140.9) (125.0) (114.3) (119.1) (115.0) (120.3) Operating
Slide 54: Other Private Transport
Other Private Transport • Main components: Private Bus, Non-Emergency Patient Transport, Corporate Vehicle Leasing, newly acquired CMAC $’m 1H2024 1H2023 • 1H2024 OPE ↑3.1m vs 1H2023 • 1Q2024 Revenue ↑$104.0m or 149.6%; Operating Costs Revenue 173.5 69.5 ↑($100.9m) or (141.9%) Operating Costs (172.0
Slide 55: Other Private Transport (quarterly)
Other Private Transport • Main components: Private Bus, Non-Emergency Patient Transport, Corporate Vehicle Leasing, newly acquired CMAC $’m 2Q2024 1Q2024 4Q2023 3Q2023 2Q2023 1Q2023 Revenue 108.2 65.3 36.4 37.9 35.4 34.1 Operating Costs (105.3) (66.7) (38.4) (39.1) (36.2) (34.9) Operating Profit exc
Slide 56: Inspection & Testing Services
Inspection & Testing Services • Main components: Vehicle and Non-vehicle Inspection $’m 1H2024 1H2023 • 1H2024 OPE ↑$0.2m or 1.2% vs 1H2023 • 1H2024 Revenue ↑$0.4m or 0.7%; Operating Costs Revenue 55.1 54.7 ↑($0.2m) or (0.5%) Operating Costs (38.3) (38.1) • Mostly in line with 1H2023 Operating Profi
Slide 57: Inspection & Testing Services (quarterly)
Inspection & Testing Services • Main components: Vehicle and Non-vehicle Inspection $’m 2Q2024 1Q2024 4Q2023 3Q2023 2Q2023 1Q2023 Revenue 27.7 27.4 28.2 26.6 27.6 27.1 Operating Costs (19.2) (19.1) (19.7) (18.7) (19.1) (19.0) Operating Profit excl. non- 8.5 8.3 8.5 7.9 8.5 8.1 recurring items (“OPE”
Slide 58: Other Segments
Other Segments • Main components: Driving Centre, Bus Station, Insurance, Media, Logistics, EV Charging $’m 1H2024 1H2023 • 1H2024 OPE ↓($2.9m) or (49.2%) vs 1H2023 • 1H2024 Revenue ↑$1.6m or 3.6%; Operating Costs Revenue 45.7 44.1 ↑($4.5m) or (11.8%) including business development costs for oversea
Slide 59: Other Segments (quarterly)
Other Segments • Main components: Driving Centre, Bus Station, Insurance, Media, Logistics, EV Charging $’m 2Q2024 1Q2024 4Q2023 3Q2023 2Q2023 1Q2023 Revenue 23.2 22.5 22.9 26.0 22.1 22.0 Operating Costs (21.4) (21.3) (20.6) (20.5) (19.2) (19.0) Operating Profit excl. non- 1.8 1.2 2.3 5.5 2.9 3.0 re
Slide 60: Business Outlook
BUSINESS OUTLOOK mage COMFORIDELGRO
Slide 61: Business Outlook
Business Outlook • Public Transport • Singapore Public Transport • Rail revenues are expected to remain stable. • As only one out of two bus packages re-tendered in 2023 was successfully renewed, bus revenues are expected to reduce from September 2024. • The Seletar bus package was successfully re-t
Slide 62: Dividend Payout
DIVIDEND PAYOUT age COMFORIDELGRO
Slide 63: Financial Year 2024 Dividend Payout
Financial Year 2024 Dividend Payout FY2024 FY2023 Increase / (cents) (cents) (decrease) Interim Dividend 3.52 2.90 0.62 / 21.4% Dividend yield 5.3%(a) 5.0%(b) • Interim dividend declared at 80% payout ratio on PATMI a) ComfortDelGro share price of $1.34 as at 30 Jun 2024 b) ComfortDelGro share price
Slide 64: Thank You
THANK YOU page COMFORIDELGRO
Slide 65: ComfortDelGro Delivers Robust Performance with 21.4% Net Profit Growth in First Half 2024
COMFORTDELGRO DELIVERS ROBUST PERFORMANCE WITH 21.4% NET PROFIT GROWTH IN FIRST HALF 2024 • The Group has posted a fifth quarter of continuous year-on-year earnings improvement • Revenue reported at S$2.12 billion, marking a 13.7% year-on-year increase; PATMI is reported at S$95.3 million, a 21.4% y
Slide 66: Recent Business Highlights and Dividend
Recent Business Highlights • Metroline added four public bus franchises in Greater Manchester commencing 5 January 2025, further expanding the Group’s presence across the UK • SBS Transit retained the Seletar bus package for the next five years at S$526 million ensuring continued stability of the Gr
Slide 67: Outlook
Outlook Public Transport • Singapore Public Transport o Rail revenues are expected to remain stable o As only one out of two bus packages re-tendered in 2023 was successfully renewed, bus revenues are expected to reduce from September 2024 o The Seletar bus package was successfully re-tendered at cu
Slide 68: Media and Investor Relations Contact Information
Media Contact Information: Group Corporate Communications ComfortDelGro Corporation Limited groupcorpcomms@comfortdelgro.com Investor Relations Contact: Christopher David White ComfortDelGro Corporation Limited IR@comfortdelgro.com About ComfortDelGro Corporation ComfortDelGro is a leading multi-mod