Investment case
Driving our business forward in sustainable and growing markets
We are well placed to drive and to benefit from the modal shift from cars to mass transit
Modal shift to mass transit will be the single most important driver of reduced emissions and congestion and government policy around the world is increasingly committed to public transport – promoting modal shift away from cars onto buses, supporting passenger growth for years to come.
Our investment case
What we do
We are a leading international transport provider, diversified internationally and by business area.
What we doCreating long-term value
We have a strategy for creating long-term value for shareholders and society in a sustainable way.
Creating long-term valueKey differentiators
Our key differentiators enable us to design, mobilise and operate safe, reliable transport networks as a trusted partner.
Key differentiatorsDelivering superior financial outcomes
In the 10 years prior to the pandemic, National Express delivered a revenue and profit compound annual growth rate of 6% and 7% respectively.
Financial overview-
ALSA
ALSA is the leading company in the Spanish road passenger transport sector, and was acquired by the Group in 2005.
With over 100 years’ experience, it operates long-distance, regional and urban bus and coach services across Spain and in Morocco and Switzerland. In 2022, we will also start to operate urban bus services in Portugal. Apart from its bus and coach services, the business also operates service areas and other transport-related businesses.
![Alsa Doubledeck GV]()
-
North America
Our business in North America has three areas of activity: student transportation, transit and shuttle services.
We operate in 33 US states and three Canadian provinces.
The student transportation business operates through medium-term contracts awarded by local school boards to provide safe and reliable transport for students, and is the second largest private operator in North America.
Our transit business operates predominantly paratransit services across the USA.
Our shuttle business, operating predominantly through WeDriveU, offers corporate employee shuttle services and is also growing in the universities and hospital shuttle market.
![Durham(1)]()
-
UK
National Express operates both bus and coach services in the UK.
In UK bus, National Express is the market leader in the West Midlands – the largest urban bus market outside of London. We also operate in the accessible transport market.
In UK coach, we are the largest operator of scheduled coach services in the UK, operating high frequency services across the country. We operate non-scheduled coach operations under one brand – National Express Transport Solutions – serving the fragmented commuter, corporate shuttle, private hire and holiday markets.
In 2020, we have introduced the first of our electric vehicles into the fleet, and it is our ambition to be zero carbon emissions in our bus business by 2030 and in our coach business by 2035.
![Natexpwestmidlands At Stourbridge]()
-
German Rail
National Express has been operating rail services in Germany since Dec 2015.
We operate a number of lines in North-Rhine-Westphalia through our contracts for Rhine Munster Express and Rhine-Ruhr Express.
The German regional and urban rail market is worth around 9 billion Euros, with contracts awarded by regional passenger transport authorities.
![RRX4 1 (2019 Start Up Of Rhineruhr)]()
