Veolia Transport on Demand Brad Whittle Veolia Transportation - Worldwide • The Leading Private Operator of Public Transportation in Europe and United States - Revenues of €4.35 Billion - 73,000 employees worldwide - 2.5 Billion passengers carried annually - 31,000 vehicles (buses, coaches, light rail, metros, trains, taxis and boats) - 5,000 Locations in 25 Countries Veolia Transportation – North America Businesses that have long-term staying power • • $1 Billion Revenues • • Transit & Commuter High-growth businesses Services • • Rail Attractive margins (20%) • • Paratransit We control the product & service -- keeping the • upside Circulators (ShuttlePort) & the benefit from our investment. • • Veolia Transportation On Demand Synergies with transit business, without needing to take precious resources from VTNA Veolia Transportation On Demand (VTOD) – An Introduction • Division Created for On Demand Services (Airport Shuttle, Taxi) • Acquired SuperShuttle 2006 - Platform for Growth, Leveraging Resources and Technology • Growth Projected in Major Airports in US • One Brand Connecting All Major Ground Transportation Hubs What is VTOD’s Strategy? • Continue SuperShuttle’s impressive growth • Build a top-quality national taxi brand • Add value through operational and technological innovation SuperShuttle Changed How People Travel To and From the Airport SuperShuttle: Key Facts • Largest operator of shared-ride van services in the US • 8 million annual passengers • 23 years of operating experience • Reservation, dispatch, cashiering systems that are: - Fully integrated - State-of-the art - Proprietary 24 Airports Now Served by SuperShuttle Integrated Technology & Operations Platform Online Bookings Drive Internal Growth • Online travel sites allow passengers to reserve SuperShuttle when booking air travel • 30% of all 8 million orders now placed online Sales & Marketing – Internal Growth Customized Online Engines: Hotel Concierge: hotel staff books guests via customized online system (& get financial incentives) Convention Business: attendees book SuperShuttle as they make convention travel plans Tour Wholesalers’: travelers book Supershuttle as they make vacation plans (e.g. Wal-Mart Vacations, Sam’s Club) SuperShuttle Growth Strategy Goals: • Grow share in existing markets • Target 71% of people who ride to airports in cars • Expand to many top 60 airports, 80% of US volume Supported by External Factors: • Continued growth in air travel and traffic congestion • Increases in gas prices & airport parking costs • Airport managers’ belief in branded services Veolia Taxi U.S. Taxi Industry • $7 billion business, 70% in 20 large cities • Transports 1.4 billion people annually • Fragmented • Typically a few large operators in each market, due to barriers to entry • Inconsistent service, no industry standards Platform for Growth Build on the best multi-city systems: Taxi Growth Strategy Build a national branded taxi network (e.g. SuperTaxi): • Acquire attractive targets in key markets • Partner with Key Airports through contracts • Build on best systems & technology from SuperShuttle,Yellow & Veolia • Embed service standards Enhance Veolia’s presence, depth & tenure in key markets Taxi – A Look Into the Future Airport Partnerships Regulation Drivers Vehicles Technology Improvements Taxi – A Look Into the Future Taxi – A Look Into the Past Fragmented Industry Inconsistent Product Inconsistent Customer Service Future - Airport Partnerships SuperShuttle Model Partner with Airports Airports Gain Recognized Brand Consistent Customer Experience Future - Drivers Safety Customer Service Standards Driver Screening Driver Training Uniforms & Customer Service Driver Income & Welfare Future - Taxi Regulation Proper Regulation Promotes Quality Taxi Service Supply Regulated / Number of Taxis Better for Airports Better for Taxi Drivers & Driver Income Better for Customers - Consistent Customer Experience Future - Vehicles Fuel Efficient, Environmentally Friendly - (hybrid, propane, CNG) Future - Vehicles Type of Vehicle Age Limitation Safety Handicap Accessibility Future - Technology GPS Technology (Mapping, Vehicle Tracking) Safety (Drivecam type devices) Tourism Technology Centralized Dispatching Centralized Call Centers (consistent customer experience) Online Booking and Tracking Payment Methods (Credit, Debit, Backseat Card Readers, Kiosks, National Accounts, Quick Convenient Transactions) Future – What the Customer Wants Safe, Clean, Courteous Transportation Point A to Point B - Direct Reliability 24/7 Service Consistent Product & Service Veolia Transport on Demand