1. AGTA Holding On In Today’s Economy David Bird

2. SuperShuttleToday
Part of VTOD-Subsidiary of Veolia, part of Veolia Transportation North America
Increased resources
Multiple businesses (taxi, bus, sedan, shared ride)
Ability to be a full transportation solution
19 markets serving 25 airports
Serve over 8 million passengers a year

3. 2008 Results Revenues were strong for most of the year
Most markets were seeing growth or static results
New markets were performing as advertised
Tuck in acquisition results were good

4. 2008(November) Saw dramatic decrease in SuperShuttle revenues
15% drop in passengers, 20% off plan
Mature markets saw largest drops
Reduction was equally distributed between hotel and residential
Reduction in sedan and bus business as well
Taxi held well

5. Identified A Need To Do Three Things Quickly
Reduce variable expenses
Reduce fixed expenses
Look for new revenue opportunities

6. Reduce Variable Expenses
Changed maintenance operations
Reviewed and renegotiated some commission programs
Tightened up insurance costs
Control airport fees

7. Reduce Fixed Costs Each operation reduced expenses by 10%
Eliminated over 75 positions
Consolidated operations
Reduced corporate overhead
Focused on reservation costs (reduce talk time)
Reviewed all marketing plans, cancelled and renegotiated

8. Revenue Generation Looking for new opportunities
Looking at acquisitions
Getting prepared for economic turnaround

9. What’s Next Further reduction in expenses
Further reduction in work force (non service related)
Full commission restructure
Airport fee restructure