2019 KEY FINANCIALS – CHINESE MAINLAND …...2019 KEY FINANCIALS – CHINESE MAINLAND AIR CHINA...
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PROPERTY The Swire group’s principal areas of operation are in the Asia Pacific region, centred on Greater China, where the name 太古 or Taikoo, meaning “Great and Ancient”, is a household name. Swire’s businesses are grouped into five categories: Property, Aviation, Beverages & Food Chain, Marine Services and Trading & Industrial. These activities come under Hong Kong-based, publicly quoted Swire Pacific Limited, or are held by parent company, John Swire & Sons Limited. Swire first opened an office in Shanghai in 1866 to trade in tea and textiles. Today, the group’s interests in the Chinese mainland range from properties and aircraft engineering to retailing. Swire subsidiaries are partners to some of the Chinese mainland’s most successful companies, including Sino-Ocean Group Holding, Air China and COFCO. International partners on the Chinese mainland include The Coca-Cola Company and The Boeing Company. A leading developer in the Hong Kong Special Administrative Region (“Hong Kong SAR”) and the Chinese mainland, with a well-established record of creating long-term value by developing and managing large-scale, mixed-use projects that transform urban areas. Its wholly owned subsidiary Swire Hotels comprises The House Collective, a collection of small luxury hotels, and EAST, a group of lifestyle business hotels. Listed on The Stock Exchange of Hong Kong Limited. 2019 KEY FINANCIALS – CHINESE MAINLAND SINO-OCEAN TAIKOO LI CHENGDU THE MIDDLE HOUSE 2019 Principal Property Portfolio in the Chinese mainland COMPLETED Project Type Total Area (sqm) Shareholding Date of Opening Taikoo Li Sanlitun, Beijing Shopping mall Hotel 136,000 Swire Properties 100% Opened in phases in 2008 Taikoo Hui, Guangzhou Shopping mall Office towers Hotel (with serviced apartments) 357,000 Swire Properties 97% Guangzhou Daily Group 3% Opened in phases in 2011 INDIGO, Beijing Shopping mall Office tower Hotel 175,000 Swire Properties 50% Sino-Ocean Group 50% Opened in phases in 2011 Sino-Ocean Taikoo Li Chengdu Shopping mall Hotel (with serviced apartments) 151,000 Swire Properties 50% Sino-Ocean Group 50% Opened in phases in 2014 HKRI Taikoo Hui, Shanghai Shopping mall Office towers Hotels Serviced apartment building 322,000 Swire Properties 50% HKR International 50% Opened in phases in 2016 Completed GFA in the Chinese mainland 1,141,000 UNDER DEVELOPMENT / REFURBISHMENT Taikoo Li Qiantan, Shanghai Shopping mall 116,000 Swire Properties 50% Shanghai Lujiazui Finance & Trade Zone Development 50% To be completed in 2020 Taikoo Li Sanlitun West, Beijing Shopping mall 24,000 Swire Properties 100% To be completed in 2020 Total GFA in the Chinese mainland 1,281,000 Information within this document is prepared on a 100% basis for subsidiaries of the Swire group, direct joint ventures of the Swire group and associated companies (which have services agreements in place with the Swire group). All data shown is valid for the year ended 31st December 2019, unless otherwise specified. Figures above do not include amounts related to the group’s Marine Services businesses as geographical segmentation is not always possible. Comprises an open plan, lane-driven mall and a luxury hotel with serviced apartments. Located in the heart of Shanghai, The Middle House is the latest addition to Swire Hotels’ The House Collective. HKRI TAIKOO HUI Latest mixed-use project in the vibrant Jing’an District of Shanghai. Comprises a shopping mall, two Grade-A office towers, two luxury hotels, and one serviced apartment building. 5 mixed-use projects Beijing INDIGO Taikoo Li Sanlitun Shanghai HKRI Taikoo Hui Chengdu Sino-Ocean Taikoo Li Chengdu Guangzhou Taikoo Hui 15 16 17 18 19 US$M By Division 15 16 17 18 19 US$M US$M US$M By Division^ 15 16 17 18 19 Property Aviation Beverages & Food Chain Trading & Industrial Head Office 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 0 5,000 15,000 10,000 25,000 20,000 35,000 30,000 40,000 By Division Employees 38,173 Capital Employed US$14,322M Turnover US$7,451M ^ A division may have negative capital employed. These figures have been excluded from the divisional breakdown.
Transcript of 2019 KEY FINANCIALS – CHINESE MAINLAND …...2019 KEY FINANCIALS – CHINESE MAINLAND AIR CHINA...
PROPERTYThe Swire group’s principal areas of operation are in the Asia Pacific region, centred on Greater China, where the name 太古 or Taikoo, meaning “Great and Ancient”, is a household name. Swire’s businesses are grouped into five categories: Property, Aviation, Beverages & Food Chain, Marine Services and Trading & Industrial. These activities come under Hong Kong-based, publicly quoted Swire Pacific Limited, or are held by parent company, John Swire & Sons Limited.
Swire first opened an office in Shanghai in 1866 to trade in tea and textiles. Today, the group’s interests in the Chinese mainland range from properties and aircraft engineering to retailing. Swire subsidiaries are partners to some of the Chinese mainland’s most successful companies, including Sino-Ocean Group Holding, Air China and COFCO. International partners on the Chinese mainland include The Coca-Cola Company and The Boeing Company.
AVIATIONA leading developer in the Hong Kong Special Administrative Region (“Hong Kong SAR”) and the Chinese mainland, with a well-established record of creating long-term value by developing and managing large-scale, mixed-use projects that transform urban areas. Its wholly owned subsidiary Swire Hotels comprises The House Collective, a collection of small luxury hotels, and EAST, a group of lifestyle business hotels.
Listed on The Stock Exchange of Hong Kong Limited.
2019 KEY FINANCIALS – CHINESE MAINLAND
AIR CHINA CARGO Cargo joint venture of Cathay Pacific Airways, headquartered in Beijing with Shanghai as its main air freighter operation base, is China’s only cargo airline operating with the national flag.
SINO-OCEAN TAIKOO LI CHENGDU
THE MIDDLE HOUSE2019 Principal Property Portfolio in the Chinese mainland
COMPLETED
Project Type Total Area (sqm)
Shareholding Date of Opening
Taikoo Li Sanlitun, Beijing
Shopping mallHotel
136,000 Swire Properties 100%
Opened in phases in 2008
Taikoo Hui, Guangzhou
Shopping mall Office towers Hotel (with serviced apartments)
357,000 Swire Properties 97%
Guangzhou Daily Group 3%
Opened in phases in 2011
INDIGO, Beijing
Shopping mall Office tower Hotel
175,000 Swire Properties 50%
Sino-Ocean Group 50%
Opened in phases in 2011
Sino-Ocean Taikoo Li Chengdu
Shopping mall Hotel (with serviced apartments)
151,000 Swire Properties 50%
Sino-Ocean Group 50%
Opened in phases in 2014
HKRI Taikoo Hui, Shanghai
Shopping mall Office towers Hotels Serviced apartment building
322,000 Swire Properties 50%
HKR International 50%
Opened in phases in 2016
Completed GFA in the Chinese mainland 1,141,000
UNDER DEVELOPMENT / REFURBISHMENT
Taikoo Li Qiantan, Shanghai
Shopping mall 116,000 Swire Properties 50%
Shanghai Lujiazui Finance & Trade Zone Development 50%
To be completed in 2020
Taikoo Li Sanlitun West, Beijing
Shopping mall 24,000 Swire Properties 100%
To be completed in 2020
Total GFA in the Chinese mainland 1,281,000
CATHAY PACIFIC GROUPIncludes Cathay Pacific Airways, its wholly owned airlines Cathay Dragon and HK Express, all-cargo carrier Air Hong Kong, and an 18% associate interest in Air China.
Business interests also include flight catering, ramp and cargo handling services, and cargo terminal operations.
CATHAY DRAGONWholly owned subsidiary of Cathay Pacific and a regional full-service airline based in the Hong Kong SAR.
Information within this document is prepared on a 100% basis for subsidiaries of the Swire group, direct joint ventures of the Swire group and associated companies (which have services agreements in place with the Swire group). All data shown is valid for the year ended 31st December 2019, unless otherwise specified.
Figures above do not include amounts related to the group’s Marine Services businesses as geographical segmentation is not always possible.
GROUND SERVICES
SHANGHAI INTERNATIONAL AIRPORT SERVICESA joint venture between Air China, Hong Kong Airport Services, Shanghai Airport Authority and Shanghai International Airport Co., Limited.
Provides airport ground handling services at Shanghai Pudong International Airport and Shanghai Hongqiao International Airport.
AIRCRAFT ENGINEERING AND MAINTENANCE
HAECO Xiamen offers a range of aircraft engineering and maintenance services, including
includes airframe maintenance, modification,
cabin reconfiguration, passenger-to-freighter conversion for all major
commercial aircraft types
Airframe Services Line Servicescovers 13
international airports across the Chinese mainland
and serves over 70 airlines
Private Jet Solutions
is the first and only Airbus approved &
Boeing licensed cabin completion centre in
Asia Pacific
Parts Manufacturingis a built-to-print
manufacturer of airframe parts and spares for original equipment manufacturers and aircraft manufacturers
Technical Training
offers a comprehensive
range of aviation maintenance
courses and training services
HAECO GROUPOne of the world’s leading aircraft engineering and maintenance providers, offering a comprehensive range of airframe, cabin, component and engine services through its 16 operating companies (11 of which are in the Chinese mainland).
HAECO XIAMENOperates one of the largest maintenance facilities in Asia at Xiamen Gaoqi International Airport.
12 wide-body and
Able to accommodate
aircraft simultaneously with 6 hangars
5 narrow-body
AIRLINES
Airframe Services
Cabin Solutions
Component Services
Engine Services
Beijing
Chengdu
Chongqing
Hangzhou
Harbin
Jinan
Jinjiang
Nanjing
Ningbo
Shanghai
Shenzhen
Tianjin
Wuhan
Xiamen
Xi’an
Zhengzhou
HAECO Group Service Locations in the Chinese mainland (at 30th June 2020)
Comprises an open plan, lane-driven mall and a luxury hotel with serviced apartments.
Located in the heart of Shanghai, The Middle House is the latest addition to Swire Hotels’ The House Collective.
HKRI TAIKOO HUILatest mixed-use project in the vibrant Jing’an District of Shanghai.
Comprises a shopping mall, two Grade-A office towers, two luxury hotels, and one serviced apartment building.5mixed-use projects
BeijingINDIGOTaikoo Li Sanlitun
ShanghaiHKRI Taikoo HuiChengdu
Sino-OceanTaikoo Li Chengdu
GuangzhouTaikoo Hui
15 16 17 18 19
US$M
By Division
15 16 17 18 19
US$M
US$M
US$M
By Division^
15 16 17 18 19
PropertyAviationBeverages & Food Chain
Trading & IndustrialHead Office
01,0002,0003,0004,0005,0006,0007,0008,0009,000
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
0
5,000
15,000
10,000
25,000
20,000
35,000
30,000
40,000
By Division
Employees 38,173
Capital Employed US$14,322M
Turnover US$7,451M
^ A division may have negative capital employed. These figures have been excluded from the divisional breakdown.
PROPERTYThe Swire group’s principal areas of operation are in the Asia Pacific region, centred on Greater China, where the name 太古 or Taikoo, meaning “Great and Ancient”, is a household name. Swire’s businesses are grouped into five categories: Property, Aviation, Beverages & Food Chain, Marine Services and Trading & Industrial. These activities come under Hong Kong-based, publicly quoted Swire Pacific Limited, or are held by parent company, John Swire & Sons Limited.
Swire first opened an office in Shanghai in 1866 to trade in tea and textiles. Today, the group’s interests in the Chinese mainland range from properties and aircraft engineering to retailing. Swire subsidiaries are partners to some of the Chinese mainland’s most successful companies, including Sino-Ocean Group Holding, Air China and COFCO. International partners on the Chinese mainland include The Coca-Cola Company and The Boeing Company.
AVIATIONA leading developer in the Hong Kong Special Administrative Region (“Hong Kong SAR”) and the Chinese mainland, with a well-established record of creating long-term value by developing and managing large-scale, mixed-use projects that transform urban areas. Its wholly owned subsidiary Swire Hotels comprises The House Collective, a collection of small luxury hotels, and EAST, a group of lifestyle business hotels.
Listed on The Stock Exchange of Hong Kong Limited.
2019 KEY FINANCIALS – CHINESE MAINLAND
AIR CHINA CARGO Cargo joint venture of Cathay Pacific Airways, headquartered in Beijing with Shanghai as its main air freighter operation base, is China’s only cargo airline operating with the national flag.
SINO-OCEAN TAIKOO LI CHENGDU
THE MIDDLE HOUSE2019 Principal Property Portfolio in the Chinese mainland
COMPLETED
Project Type Total Area (sqm)
Shareholding Date of Opening
Taikoo Li Sanlitun, Beijing
Shopping mallHotel
136,000 Swire Properties 100%
Opened in phases in 2008
Taikoo Hui, Guangzhou
Shopping mall Office towers Hotel (with serviced apartments)
357,000 Swire Properties 97%
Guangzhou Daily Group 3%
Opened in phases in 2011
INDIGO, Beijing
Shopping mall Office tower Hotel
175,000 Swire Properties 50%
Sino-Ocean Group 50%
Opened in phases in 2011
Sino-Ocean Taikoo Li Chengdu
Shopping mall Hotel (with serviced apartments)
151,000 Swire Properties 50%
Sino-Ocean Group 50%
Opened in phases in 2014
HKRI Taikoo Hui, Shanghai
Shopping mall Office towers Hotels Serviced apartment building
322,000 Swire Properties 50%
HKR International 50%
Opened in phases in 2016
Completed GFA in the Chinese mainland 1,141,000
UNDER DEVELOPMENT / REFURBISHMENT
Taikoo Li Qiantan, Shanghai
Shopping mall 116,000 Swire Properties 50%
Shanghai Lujiazui Finance & Trade Zone Development 50%
To be completed in 2020
Taikoo Li Sanlitun West, Beijing
Shopping mall 24,000 Swire Properties 100%
To be completed in 2020
Total GFA in the Chinese mainland 1,281,000
CATHAY PACIFIC GROUPIncludes Cathay Pacific Airways, its wholly owned airlines Cathay Dragon and HK Express, all-cargo carrier Air Hong Kong, and an 18% associate interest in Air China.
Business interests also include flight catering, ramp and cargo handling services, and cargo terminal operations.
CATHAY DRAGONWholly owned subsidiary of Cathay Pacific and a regional full-service airline based in the Hong Kong SAR.
Information within this document is prepared on a 100% basis for subsidiaries of the Swire group, direct joint ventures of the Swire group and associated companies (which have services agreements in place with the Swire group). All data shown is valid for the year ended 31st December 2019, unless otherwise specified.
Figures above do not include amounts related to the group’s Marine Services businesses as geographical segmentation is not always possible.
GROUND SERVICES
SHANGHAI INTERNATIONAL AIRPORT SERVICESA joint venture between Air China, Hong Kong Airport Services, Shanghai Airport Authority and Shanghai International Airport Co., Limited.
Provides airport ground handling services at Shanghai Pudong International Airport and Shanghai Hongqiao International Airport.
AIRCRAFT ENGINEERING AND MAINTENANCE
HAECO Xiamen offers a range of aircraft engineering and maintenance services, including
includes airframe maintenance, modification,
cabin reconfiguration, passenger-to-freighter conversion for all major
commercial aircraft types
Airframe Services Line Servicescovers 13
international airports across the Chinese mainland
and serves over 70 airlines
Private Jet Solutions
is the first and only Airbus approved &
Boeing licensed cabin completion centre in
Asia Pacific
Parts Manufacturingis a built-to-print
manufacturer of airframe parts and spares for original equipment manufacturers and aircraft manufacturers
Technical Training
offers a comprehensive
range of aviation maintenance
courses and training services
HAECO GROUPOne of the world’s leading aircraft engineering and maintenance providers, offering a comprehensive range of airframe, cabin, component and engine services through its 16 operating companies (11 of which are in the Chinese mainland).
HAECO XIAMENOperates one of the largest maintenance facilities in Asia at Xiamen Gaoqi International Airport.
12 wide-body and
Able to accommodate
aircraft simultaneously with 6 hangars
5 narrow-body
AIRLINES
Airframe Services
Cabin Solutions
Component Services
Engine Services
Beijing
Chengdu
Chongqing
Hangzhou
Harbin
Jinan
Jinjiang
Nanjing
Ningbo
Shanghai
Shenzhen
Tianjin
Wuhan
Xiamen
Xi’an
Zhengzhou
HAECO Group Service Locations in the Chinese mainland (at 30th June 2020)
Comprises an open plan, lane-driven mall and a luxury hotel with serviced apartments.
Located in the heart of Shanghai, The Middle House is the latest addition to Swire Hotels’ The House Collective.
HKRI TAIKOO HUILatest mixed-use project in the vibrant Jing’an District of Shanghai.
Comprises a shopping mall, two Grade-A office towers, two luxury hotels, and one serviced apartment building.5mixed-use projects
BeijingINDIGOTaikoo Li Sanlitun
ShanghaiHKRI Taikoo HuiChengdu
Sino-OceanTaikoo Li Chengdu
GuangzhouTaikoo Hui
15 16 17 18 19
US$M
By Division
15 16 17 18 19
US$M
US$M
US$M
By Division^
15 16 17 18 19
PropertyAviationBeverages & Food Chain
Trading & IndustrialHead Office
01,0002,0003,0004,0005,0006,0007,0008,0009,000
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
0
5,000
15,000
10,000
25,000
20,000
35,000
30,000
40,000
By Division
Employees 38,173
Capital Employed US$14,322M
Turnover US$7,451M
^ A division may have negative capital employed. These figures have been excluded from the divisional breakdown.
Phot
o co
urte
sy: T
he C
oca-
Cola
Com
pany
FAST FACTS 2020CHINESE MAINLAND
MARINE SERVICES
Swire Shipping, CNCo’s liner shipping division, operates an extensive network of services connecting the Chinese mainland with the rest of Asia and the Pacific Islands, providing specialist customer solutions for containerised, project, heavy lift, breakbulk and mini-bulk cargoes.
Swire Bulk, CNCo’s dry bulk trading division, operates a large modern, eco-friendly fleet ranging from handysize to panamax vessels in the global bulk commodity trades.
THE CHINA NAVIGATION COMPANY (CNCo)
Direct/ Regular
PortsFeeder Ports
Bayuquan
Changshu
Chongqing
Dalian
Fuzhou
Jingtang
Lianyungang
Nanjing
Nansha
Direct/ Regular
PortsFeeder Ports
Ningbo
Qingdao
Shanghai
Shekou
Tianjin
Wuhan
Xiamen
Yantai
Yantian
Swire Shipping & Swire Bulk Ports of Call – the Chinese mainland (at 30th June 2020)
Established inand operated paddle steamers on the Chinese mainland’s Yangtze River1872
TRADING & INDUSTRIAL
SWIRE RESOURCES GROUP Major distributor and retailer of sports and lifestyle shoes, apparel and accessories.
Exclusive distributor of Chevignon, Repetto and The Kooples in the Chinese mainland.
FINLAYS
in Damin Foodstuff (Zhangzhou)49%
shareholding
MANUFACTURING AND DISTRIBUTION
QINYUAN BAKERY
container, multipurpose, bulk and cement carrier vessels 45
Owns
CF20
0630
e
in Chongqing, Guiyang and Chengdu
560 stores
over
SHIPPING LINESBEVERAGES & FOOD CHAIN
WHOLESALE AND RETAIL
INGREDIENTSBEVERAGES
Opened its Greater China headquarters in Shanghai in November 2018
DAMIN FOODSTUFF (ZHANGZHOU)The world’s leading manufacturer and supplier of tea and other natural plant extracts. Produces instant tea powders, tea concentrates and a variety of natural extracts, supplying the Chinese mainland’s leading domestic brands, as well as a large export portfolio of international customers.
A leading independent B2B supplier of tea, coffee and botanical solutions to beverage brand owners worldwide
Has extensive interests across tea farms, extraction, trading, R&D, packing and customer support
SWIRE COCA-COLAA strategic partner of The Coca-Cola Company and one of the two Coca-Cola bottlers in Greater China.
of ready-to-drink / iced tea consumed in the Chinese mainland was extracted by Finlays / Damin
3 billion litres
Over
Finlays’ operation of tea sourcing, manufacturing and supply offices in the Chinese mainland
GuizhouNanjingXiamenZhangzhou
Taiwan
Henan Jiangsu
Anhui
Zhejiang
Fujian
Guangdong
Hong Kong
Hubei
YunnanGuangxi
Jiangxi
Shanghai
Hainan
plants 20
GREATER CHINAFranchise population
706million
Founded in
1750
1,480Sales volume
* A unit case comprises 24 8-ounce servingsmillion unit cases*
TAIKOO SUGAROwns and operates three sugar packaging plants in Guangzhou, Shanghai and Chengdu and has a distribution network spanning 123 cities in the Chinese mainland. Packages and sells sugar and tea in the Hong Kong SAR and the Chinese mainland.
Phot
o co
urte
sy: T
he C
oca-
Cola
Com
pany
FAST FACTS 2020CHINESE MAINLAND
MARINE SERVICES
Swire Shipping, CNCo’s liner shipping division, operates an extensive network of services connecting the Chinese mainland with the rest of Asia and the Pacific Islands, providing specialist customer solutions for containerised, project, heavy lift, breakbulk and mini-bulk cargoes.
Swire Bulk, CNCo’s dry bulk trading division, operates a large modern, eco-friendly fleet ranging from handysize to panamax vessels in the global bulk commodity trades.
THE CHINA NAVIGATION COMPANY (CNCo)
Direct/ Regular
PortsFeeder Ports
Bayuquan
Changshu
Chongqing
Dalian
Fuzhou
Jingtang
Lianyungang
Nanjing
Nansha
Direct/ Regular
PortsFeeder Ports
Ningbo
Qingdao
Shanghai
Shekou
Tianjin
Wuhan
Xiamen
Yantai
Yantian
Swire Shipping & Swire Bulk Ports of Call – the Chinese mainland (at 30th June 2020)
Established inand operated paddle steamers on the Chinese mainland’s Yangtze River1872
TRADING & INDUSTRIAL
SWIRE RESOURCES GROUP Major distributor and retailer of sports and lifestyle shoes, apparel and accessories.
Exclusive distributor of Chevignon, Repetto and The Kooples in the Chinese mainland.
FINLAYS
in Damin Foodstuff (Zhangzhou)49%
shareholding
MANUFACTURING AND DISTRIBUTION
QINYUAN BAKERY
container, multipurpose, bulk and cement carrier vessels 45
Owns
CF20
0630
e
in Chongqing, Guiyang and Chengdu
560 stores
over
SHIPPING LINESBEVERAGES & FOOD CHAIN
WHOLESALE AND RETAIL
INGREDIENTSBEVERAGES
Opened its Greater China headquarters in Shanghai in November 2018
DAMIN FOODSTUFF (ZHANGZHOU)The world’s leading manufacturer and supplier of tea and other natural plant extracts. Produces instant tea powders, tea concentrates and a variety of natural extracts, supplying the Chinese mainland’s leading domestic brands, as well as a large export portfolio of international customers.
A leading independent B2B supplier of tea, coffee and botanical solutions to beverage brand owners worldwide
Has extensive interests across tea farms, extraction, trading, R&D, packing and customer support
SWIRE COCA-COLAA strategic partner of The Coca-Cola Company and one of the two Coca-Cola bottlers in Greater China.
of ready-to-drink / iced tea consumed in the Chinese mainland was extracted by Finlays / Damin
3 billion litres
Over
Finlays’ operation of tea sourcing, manufacturing and supply offices in the Chinese mainland
GuizhouNanjingXiamenZhangzhou
Taiwan
Henan Jiangsu
Anhui
Zhejiang
Fujian
Guangdong
Hong Kong
Hubei
YunnanGuangxi
Jiangxi
Shanghai
Hainan
plants 20
GREATER CHINAFranchise population
706million
Founded in
1750
1,480Sales volume
* A unit case comprises 24 8-ounce servingsmillion unit cases*
TAIKOO SUGAROwns and operates three sugar packaging plants in Guangzhou, Shanghai and Chengdu and has a distribution network spanning 123 cities in the Chinese mainland. Packages and sells sugar and tea in the Hong Kong SAR and the Chinese mainland.
