Corporate Profile - Download as PDF

Document Sample
Corporate Profile - Download as PDF Powered By Docstoc
					Corporate Profile

    Updated in May 2008

• Listed on The Stock Exchange of Hong Kong
• Market capitalisation :
   ~ US$18,201 million / HK$141,866 million
• Profit attributable to shareholders in 2007 :
   US$3,366 million / HK$26,260 million
• Underlying profit attributable to shareholders in 2007 :
   US$1,318 million / HK$10,283 million
• Capital expenditure and investment commitments for key
  areas of the group as at end of 2007 :
   US$2,340 million / HK$18,254 million

• Our subsidiaries, jointly controlled companies and
  associated companies together employ over 43,000 staff
  in Hong Kong. Globally we employ over 70,000 staff

• Five operating divisions
   • Property
   • Aviation
   • Beverages
   • Marine Services
   • Trading & Industrial

• Investment Property         : 13.6 m sq. feet
   •   Office                 :   7.1 m sq. feet
   •   Techno Centre          :   1.8 m sq. feet
   •   Retail                 :   3.4 m sq. feet
   •   Residential & Hotels   :   1.3 m sq. feet
• Additional 2.4 m and 7.9 m sq. feet in Hong Kong and
  Mainland China respectively under or pending
  development, making a total of 23.9 m sq. feet of high
  grade investment portfolio on completion
• Swire Hotels has been formed to create and manage
  small luxury hotels in Hong Kong, Mainland China and
  the United Kingdom
• Swire Properties has set up its Mainland headquarters in
  Beijing in March 2008
        Hong Kong Property Portfolio
Prime Commercial & Retail Centres / Transport Nodes
In Hong Kong

• Commercial
  • Island East - Hong Kong’s largest interconnected
    commercial campus with 8 m sq. feet of leasing
    space after the completion of One Island East in 2008
  • One Island East - a 1.5 million sq. foot, 70-storey
    Grade A office building
  • Tai Sang Commercial Building in Wanchai - acquired
    for HK$1,360 million in November 2007
In Hong Kong

• Retail
   • Some of Hong Kong’s most successful retail malls,
     including Pacific Place, Cityplaza, Festival Walk and
In Hong Kong

• Hotels
  • 20% interest in each of the JW Marriott, Conrad
    Hong Kong and Island Shangri-la hotels at Pacific
    Place and Novotel Citygate in Tung Chung
  • EAST, a 350-room hotel in Cityplaza, is scheduled to
    be completed at the end of 2009
  • A luxury hotel, converted from the former serviced
    apartments at The Atrium, is expected to be
    completed in mid-2009 with approximately 120
In Hong Kong

• Residential – Trading
  • Some 30,000 residential apartments in key locations
    have been sold to date
  • Island Lodge in North Point – a development where
    Swire Properties has been appointed as developer by
    China Motor Bus, is expected to be completed in early
  • 2A - 2E Seymour Road in Mid-Levels – with
    redevelopment potential of approximately 174,000 sq.
    feet, the foundation work is expected to be completed
    in mid-2008
In Hong Kong

• Residential – Investment
  • Pacific Place Apartments - previously known as
    Parkside, is the major composition of the residential
  • 53 Stubbs Road – a redevelopment of two houses
    into a 12-storey residential building of approximately
    68,000 sq. feet, expected completion date 2010
Mainland China Property Portfolio
  Prime Commercial & Retail Centres
In Mainland China

• Commercial
  • Beijing
     • The Village at Sanlitun, consisting of two neighbouring sites,
       will open progressively during 2008; Swire Properties holds
       80% interest in the project’s two retail portions and a 100%
       stake in a small luxury hotel
     • A 50:50 joint venture with Sino-Ocean Land Holdings
       Limited to develop a retail-led mixed-use project near Jiang
       Tai in the Chaoyang district, expected completion date 2010
       with an approx. 1.9 million sq. feet of gross floor area
  • Shanghai
     • 50% interest in a mixed-use development in Dazhongli, with
       total commercial space of approximately 3.6 m sq. feet,
       expected completion date 2012
In Mainland China

• Commercial
  • Guangzhou
     • 97% stake in Taikoo Hui, a mixed-use complex under
       construction and scheduled for completion in early 2010.
       The development will comprise 1.2 million sq ft of prime
       shopping space, two office towers, two hotels and a cultural
• Hotels
  • Beijing
     • The Opposite House, which is the first Swire Properties
       wholly-owned and managed luxury hotel in Mainland China,
       will be opened in first half of 2008 as part of The Village at
       Sanlitun. The hotel will comprise 99 rooms and a number of
       restaurants and bars

• Hotel
  • The 329-room Mandarin Oriental Hotel in Miami is
    75% owned by Swire Properties

• Trading
  • Asia, a 123-unit condominium tower on Brickell Key
    in Miami, is fully sold-out and will commence closings
  • Joint-ventured with the Flagler Group in the proportion
    75:25 to develop sites for mixed-use development in
    Fort Launderdale, Florida

• Hotels
  • Acquired the Avon Gorge Hotel in Bristol in
    September 2007. Together with the three Alias hotels
    in Exeter, Cheltenham and Brighton which were
    acquired in 2006, the hotels will be refurbished and
    rebranded under the Swire Hotels name and be
    launched in the second quarter of 2009
Associate Companies

• The Group has significant interests in:
     •   Cathay Pacific Airways*
     •   Hong Kong Dragon Airlines (Dragonair)
     •   AHK Air Hong Kong (AHK)
     •   Air China
     •   Hong Kong Aircraft Engineering Company (HAECO)*
     •   Hong Kong Air Cargo Terminals (Hactl)

• Cathay Pacific has interests in a number of companies
  providing aviation-related services including flight
  catering, ramp and cargo handling
* Listed on The Stock Exchange of Hong Kong Limited
The Cathay Pacific Group Network
Cathay Pacific Group
• Dragonair became a wholly-owned subsidiary of Cathay
  Pacific in September 2006
• Cathay Pacific holds 18% equity interest in Air China
  and Air China holds 17.5% in Cathay Pacific
• Cathay Pacific is a major shareholder of AHK Air Hong
  Kong, an all cargo carrier offering scheduled express
  freight services within Asia
• Cathay Pacific Group and its subsidiaries employ more
  than 19,200 people in Hong Kong, and 25,900 people
• In 2008, the total fleet size for the Cathay Pacific Group
  is expected to grow to 169 aircraft, and will number
  200 by 2012
Work continues to realise the full potential from
 Cathay Pacific’s acquisition of Dragonair and
    its strategic partnership with Air China
Cathay Pacific Airways
• An operational fleet of 114 wide-bodied aircraft serving 113
  destinations in 37 countries and territories
• Biggest-ever direct purchase commitment for new aircraft at
  the end of 2007, with firm orders for ten Boeing 747-8F
  freighters, seven Boeing 777-300ER passenger aircraft, and
  eight Airbus A330-300 aircraft
• 34 freighters, including eight operated by Dragonair and eight
  by AHK Air Hong Kong
• Average age of fleet is 10.4 years
• Combined with Dragonair, a record of 23.3 million passengers
  carried in 2007, representing a year-on-year increase of 28.5%
• Combined with Dragonair, around 1,642,000 tonnes of cargo
  carried in 2007, representing a year-on-year increase of 25.5%
The Boeing 777-300ER, with total 30 on order and in service,
is a new addition to the fleet and will form the backbone of
     Cathay Pacific’s long-haul fleet in the coming years
Cathay Pacific Airways
• Named “Airline of the Year” by TTG Asia, and collected the “Best
  North Asia Airline” award
• Voted “Best Transpacific Airline” in the OAG 25th Annual Awards
• In Hong Kong, received several awards from leading publications
  including the “Best Airline” honour from Next and Capital
• Awards for engineering, advertising, inflight sales and cargo
• Founding member of the oneworld alliance
   • Covering a global network of over 134 countries with 10
      partner carriers to some 700 destinations worldwide
• Asia Miles Travel Award Programme
   • Over 3 million members
   • More than 300 airline and non-airline partners in nine
Cathay Pacific Airways

• Innovative three-class long-
  haul inflight product was
  rolled out in May 2007,
  featuring First Class suites,
  full-flat beds with enhanced
  privacy in Business Class and
  unique Economy Class seats
  that recline with their own
• All three cabins feature a brand new
  state-of-the-art inflight entertainment
  system with audio and video on
• By mid-2009, the entire long-haul fleet will
  feature the product

• Dragonair is Hong Kong’s regional airline, serving 35
  destinations in 10 countries and territories
• Fleet of 32 passenger aircraft and eight freighters
• Average age of passenger aircraft in service is 6.5 years
• Voted “Best Airline – China” for the sixth consecutive
  year in the international Skytrax passenger survey
• Named “Best Airline (China)” by TravelWeekly China
• Joined the oneworld alliance as an affiliate member in
  November 2007
• Marco Polo Club replaced Elite Club and has become
  the single loyalty programme for both Cathay Pacific
  and Dragonair in January 2007

• Provides a range of aircraft maintenance and repair
• The most substantial operations are:
   • aircraft maintenance and modification work in Hong Kong
     by HAECO
   • in Xiamen by its subsidiary company Taikoo (Xiamen)
     Aircraft Engineering Company Limited (“TAECO”)
   • Rolls Royce engine overhaul work performed by jointly
     controlled companies Hong Kong Aero Engine Services
     Limited (“HAESL”) and Singapore Aero Engine Services
     Limited (“SAESL”)
• Employs some 11,700 staff

• In Hong Kong
  • HAECO is the only service provider of both base and line
    maintenance at Hong Kong International Airport and is
    Asia’s largest aeronautical engineering company in terms of
  • Two hangars operate at near full capacity with a third
    hangar to be opened in mid-2009
  • Hong Kong Aero Engine Services Limited (“HAESL”), a joint
    venture between HAECO, Rolls-Royce and SIA Engineering
    Company (“SIAEC”), provides overhaul capacity of 220
    engines per year and is equipped with one of the largest test
    cells in Asia
      HAECO’s Hangar 1 & 2 at Hong Kong International Airport.
The third hangar, under construction, will be able to accommodate two
wide-bodied aircraft and one nose-in aircraft to provide a total of three
            Boeing 747 sized aircraft maintenance positions
• In Mainland China
   • Major shareholding in TAECO, one of Mainland China’s three
     biggest aircraft maintenance companies
   • TAECO operates five double-bay Boeing 747-size hangars at
     Xiamen’s Gaoqi International Airport. With the sixth double-bay
     hangar scheduled to be opened before end of 2009, it will become
     one of the largest facilities for heavy maintenance in the world
   • TAECO is one of only a handful facilities in the world with
     freighter conversion capability licensed by Boeing
   • Other subsidiaries and jointly controlled companies include:
       •   Goodrich TAECO Aeronautical Systems (Xiamen) Co. Ltd.
       •   Honeywell TAECO Aerospace (Xiamen) Co. Ltd.
       •   TAECO (Xiamen) Aerospace Co. Ltd.
       •   Taikoo (Shangdong) Aircraft Engineering Co. Ltd. (“STAECO”)
       •   Taikoo (Xiamen) Landing Gear Services Co. Ltd. (“TALSCO”)
       •   Taikoo Engine Services (Xiamen) Ltd. (“TEXL”)

• The world’s largest and most advanced air cargo
• Achieved a record throughput of 2.63 million tonnes of
  cargo in 2007
• SuperLink China Direct offers seamless integrated air
  cargo service to Mainland China
• Expanded capacity up to 3.5 million tonnes per annum
Coca-Cola Franchises

• Manufacture, market and distribute the products
  of The Coca-Cola Company in Hong Kong,
  Taiwan, 7 provinces in Mainland China and in an
  extensive area in the western USA
• Holds more than an 80% share of Hong Kong’s
  sparkling beverages market
• Total franchise population of 441 million
• A record of 685 million unit cases sold in 2007
• Swire Coca-Cola USA was selected as "Bottler of
  the Year" by Beverage Industry magazine
                                 Franchise Territories

Swire Beverages has
interests in 9 bottling plants
in Mainland China with
sales of 500 million units
cases in 2007
Swire Pacific Offshore (SPO)

• Provides marine support services to the offshore oil and
  construction industry in every major offshore production
  and exploration region outside North America, operating
  a fleet of over 60 vessels
• 8 new vessels will be delivered in 2008 and 16 vessels
  over the next three years
• Acquired the trade and assets of Salvin Far East (Pte)
  Limited, which provides seismic and exploration
  services that are complementary to SPO services
• A Marine Training Centre was opened in Singapore in
  June 2007 to meet the demand from the significant
  additional vessel supply and an industry shortage of
  skilled sea staff
        Swire Pacific Offshore Network
Supports Offshore Energy Exploration Worldwide
HUD Group

• HUD is jointly owned by Swire Pacific and Hutchison
  Whampoa, and provides harbour and sea-going towage,
  ship repair, and general engineering services
• Its ship repair dockyard, located on Tsing Yi Island, Hong
  Kong, is equipped with a floating dock, and is one of
  Asia's most modern facilities
• HUD’s marine division, operating as Hongkong Salvage &
  Towage (“HKST”), is the largest towage operator in Hong
  Kong deploying 13 tugs in the harbour, and is the only
  Hong Kong member of the International Salvage Union
• HKST operates two tugs in the Middle East and manages
  six container vessels on long-term contracts to transport
  refuse for the Hong Kong Government

• Swire Resources Group
   • Operates a chain of 118 and 90 retail outlets respectively in
     Hong Kong and Mainland China consisting of three multi-brand
     sports and casual retail concept stores - Gigasports, Marathon
     Sports and Catalog
   • Distributes 12 and three international footwear and apparel
     brands in Hong Kong and Mainland China respectively
• Taikoo Motors Group
   • Imports and distributes vehicles under exclusive franchise
     agreements in Taiwan
       • Audi luxury sedans and sports cars and coupes
       • Harley-Davidson motorcycles, genuine parts and accessories and
         branded merchandise
       • Kia cars
       • Volkswagen light commercial vehicles and passenger cars
       • Volvo trucks and buses

• Taikoo Sugar
   • Packaging and retailing of sugar products since 1881, is the
     market leader in Hong Kong's retail and catering sectors
• Swire SITA Group
   • A joint venture with SITA, a subsidiary of the Suez Environment
     group, has operations in Hong Kong, Macau, Taiwan and
     Mainland China covering waste collection, treatment, cleansing
     and recycling
• CROWN Beverage Cans Group
   • A joint venture with Crown Holdings Inc., manufactures
     aluminium beverage cans in Mainland China and Vietnam
• ICI Swire Paints
   • A joint venture with ICI, manufactures and distributes decorative
     paints primarily under the Dulux brand in Mainland China and
     Hong Kong
For more information, please visit

Shared By: