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Utilities

CLP Holdings Ltd.

Company Background

CLP Holdings is one of Asia's largest electric power companies. It is based in Hong Kong and has total assets of more than $27 billion. The company supplies electricity to 80% of Hong Kong's population. Since 1979, it has been investing in mainland China. CLP generates electricity from coal and nuclear plants and has become one of the largest independent power producers on the mainland. Today, it is focused on renewable energy and high-efficiency coal generation.

The company is also investing in other overseas markets. It regards India as a primary growth market and has gas and coal plants there. CLP also operates Hong Kong's biggest wind power plant project. In southeast Australia, CLP operates integrated energy businesses, supplying electricity to more than 2.6 million customers. It is also working on smart-grid technology in Australia.

Chairman Michael Kadoorie and his family holds around 28% stake in its holdings company. Kadoorie also leads Hong Kong-listed The Hongkong and Shanghai Hotels, which focuses on the development and management of luxury hotels, including the Peninsula brand. The company also has commercial and residential properties in Asia, the U.S. and Europe.

Business Summary

CLP Holdings Ltd. is an investment holding company, which engages in the generation and supply of electricity. It operates through the following geographical segments: Hong Kong, Mainland China, India, Southeast Asia and Taiwan, and Australia. It offers retail services in Hong Kong and Australia. The company was founded on October 24, 1997 and is headquartered in Hong Kong.

Financial Highlights

Dec 2020 HKDUSD
Revenue79,590M10,261.73M
Gross Profit14,844M1,913.87M
Operating income14,844M1,913.87M
Income before tax12,979M1,673.41M
Net income11,456M1,477.05M
EBITDA23,320M3,006.70M
Diluted EPS4.530.58
Dividends Per Share3.100.39
Total Assets234,233M30,208.60M
Total liabilities112,148M14,463.52M
Total equity112,200M14,470.23M
Operating cash flow22,057M2,843.86M
Currency in HKDCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 79,434M 92,073M 91,425M 85,689M 79,590M
Gross Profit 16,300M 18,786M 18,199M 14,654M 14,844M
Operating income 16,300M 18,786M 18,199M 14,654M 14,844M
Income before tax 15,022M 16,669M 16,305M 5,828M 12,979M
Net income 12,711M 14,249M 13,550M 4,657M 11,456M
EBITDA 23,035M 25,970M 26,024M 22,772M 23,320M
Diluted EPS 5.03 5.64 5.36 1.84 4.53
Dividends Per Share 2.80 2.91 3.02 3.08 3.10
Total Assets 206,233M 228,151M 230,514M 221,623M 234,233M
Total liabilities 106,251M 112,435M 111,373M 106,181M 112,148M
Total equity 98,010M 108,697M 109,053M 105,455M 112,200M
Operating cash flow 23,217M 24,019M 22,373M 21,073M 22,057M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 10,233.09M 11,815.11M 11,665.00M 10,936.41M 10,261.73M
Gross Profit 2,099.85M 2,410.68M 2,322.02M 1,870.27M 1,913.87M
Operating income 2,099.85M 2,410.68M 2,322.02M 1,870.27M 1,913.87M
Income before tax 1,935.21M 2,139.02M 2,080.37M 743.82M 1,673.41M
Net income 1,637.49M 1,828.47M 1,728.85M 594.36M 1,477.05M
EBITDA 2,967.48M 3,332.55M 3,320.42M 2,906.37M 3,006.70M
Diluted EPS 0.64 0.72 0.68 0.23 0.58
Dividends Per Share 0.36 0.37 0.38 0.39 0.39
Total Assets 26,599.89M 29,185.39M 29,442.29M 28,443.10M 30,208.60M
Total liabilities 13,704.23M 14,382.84M 14,225.06M 13,627.27M 14,463.52M
Total equity 12,641.31M 13,904.67M 13,928.74M 13,534.10M 14,470.23M
Operating cash flow 2,990.93M 3,082.19M 2,854.59M 2,689.52M 2,843.86M

Valuation Measures

Dec 2020
PER15.81
ROA5.02%
ROE10.52%
Operating margin18.65%
Profit margin14.39%

Key executives

  • Chief Executive Officer & Executive Director: Richard Kendall Lancaster
  • Chief Operating Officer: David Christopher Smales
  • Chief Financial Officer: Nicolas Alain Marie Tissot
  • Secretary & Chief Administrative Officer: David John Simmonds
  • Chief Corporate Development Officer: Wai Yan Chong

Shareholders

  • KADOORIE MICHAEL D FAMILY (24.9%)
  • BlackRock Fund Advisors (1.6%)
  • The Vanguard Group, Inc. (1.6%)
  • Walter Scott & Partners Ltd. (0.7%)
  • Massachusetts Financial Services Co. (0.6%)
  • State Street Global Advisors Asia Ltd. (0.6%)
  • Geode Capital Management LLC (0.5%)
  • First Sentier Investors (Australia) IM Ltd. (0.4%)
  • JPMorgan Asset Management (Asia Pacific) Ltd. (0.3%)
  • BlackRock Advisors (UK) Ltd. (0.3%)

Contact Details

  • Website:http://www.clpgroup.com
  • Address: 8 Laguna Verde Avenue, Hung Hom, Hong Kong, Hong Kong
  • Phone: +852.2678.8111

Related Companies

  • CLP Hydro Power Ltd.
  • CLP (Laiwu) Renewable Energy Ltd.
  • CLP Smart Energy (China) Ltd.
  • CLP Nuclear Power Investment (Yangjiang) Ltd.
  • CLP Nuclear Power Co., Ltd.
  • CLP Power Projects (China) Ltd.
  • CLP Nuclear Power Operations & Management Ltd.
  • CLP Innovation Ventures (Israel) Ltd.
  • Castle Peak Power Co
  • EnergyAustralia NSW Pty Ltd.
  • Roms Nominees Ltd.
  • CLP Innovation Ventures Ltd.
  • CLP Investment Holdings Ltd.
  • CLP Nuclear Power (Yangjiang) Ltd.
  • CLP Innovation Enterprises Ltd.
  • Chin Leong Construction Systems Pte Ltd.
  • CLP Industries (Vietnam) Co. Ltd.
  • CLP Power (Thailand) Ltd.
  • CLP Thailand Renewables Ltd.
  • Energy Australia
  • CLP Group Provident Fund Scheme
  • CLP Investment Funds
  • CLP International Pte Ltd.
  • CLP India Pvt Ltd.
  • China Light & Power (Australia) Ltd.
  • CLP (Penglai) Wind Power Ltd.
  • Qian'an IW Power Co. Ltd.
  • CLP Guangxi Fangchenggang Power Co. Ltd.
  • CLP Power China Ltd.
  • Hong Kong Heritage Project Ltd.

Competitors

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