AGTA Holding On In Today’s Economy David Bird

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

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

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

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

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

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

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

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