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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 2019 HKDUSD
Revenue85,689M10,936.41M
Gross Profit14,654M1,870.27M
Operating income14,654M1,870.27M
Income before tax5,828M743.82M
Net income4,657M594.36M
EBITDA22,772M2,906.37M
Diluted EPS1.840.23
Dividends Per Share3.080.39
Total Assets221,623M28,443.10M
Total liabilities106,181M13,627.27M
Total equity105,455M13,534.10M
Operating cash flow21,073M2,689.52M
Currency in HKDCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 80,700M 79,434M 92,073M 91,425M 85,689M
Gross Profit 15,209M 16,300M 18,786M 18,199M 14,654M
Operating income 15,209M 16,300M 18,786M 18,199M 14,654M
Income before tax 18,084M 15,022M 16,669M 16,305M 5,828M
Net income 15,656M 12,711M 14,249M 13,550M 4,657M
EBITDA 21,804M 23,035M 25,970M 26,024M 22,772M
Diluted EPS 6.20 5.03 5.64 5.36 1.84
Dividends Per Share 2.70 2.80 2.91 3.05 3.08
Total Assets 203,964M 206,233M 228,151M 230,514M 221,623M
Total liabilities 108,823M 106,251M 112,435M 111,373M 106,181M
Total equity 93,118M 98,010M 108,697M 109,053M 105,455M
Operating cash flow 18,035M 23,217M 24,019M 22,373M 21,073M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 10,409.44M 10,233.09M 11,815.11M 11,665.00M 10,936.41M
Gross Profit 1,961.80M 2,099.85M 2,410.68M 2,322.02M 1,870.27M
Operating income 1,961.80M 2,099.85M 2,410.68M 2,322.02M 1,870.27M
Income before tax 2,332.64M 1,935.21M 2,139.02M 2,080.37M 743.82M
Net income 2,019.45M 1,637.49M 1,828.47M 1,728.85M 594.36M
EBITDA 2,812.48M 2,967.48M 3,332.55M 3,320.42M 2,906.37M
Diluted EPS 0.79 0.64 0.72 0.68 0.23
Dividends Per Share 0.34 0.36 0.37 0.38 0.39
Total Assets 26,317.42M 26,599.89M 29,185.39M 29,442.29M 28,443.10M
Total liabilities 14,041.40M 13,704.23M 14,382.84M 14,225.06M 13,627.27M
Total equity 12,014.99M 12,641.31M 13,904.67M 13,928.74M 13,534.10M
Operating cash flow 2,326.32M 2,990.93M 3,082.19M 2,854.59M 2,689.52M

Valuation Measures

Dec 2019
PER44.43
ROA2.05%
ROE4.34%
Operating margin17.10%
Profit margin5.43%

Key executives

  • Chief Executive Officer & Executive Director: Richard Kendall Lancaster
  • Chief Operating Officer: Derek Parkin
  • Chief Financial Officer & Executive Director: Geert Herman August Peeters
  • Secretary & Chief Administrative Officer: David John Simmonds
  • Chief Corporate Development Officer: Wai Yan Chong

Shareholders

  • KADOORIE MICHAEL D FAMILY (27.6%)
  • The Vanguard Group, Inc. (2.0%)
  • BlackRock Fund Advisors (1.9%)
  • State Street Global Advisors Asia Ltd. (0.6%)
  • Massachusetts Financial Services Co. (0.5%)
  • Pictet Asset Management SA (0.5%)
  • First Sentier Investors (Australia) IM Ltd. (0.4%)
  • Walter Scott & Partners Ltd. (0.4%)
  • Geode Capital Management LLC (0.4%)
  • Hang Seng Investment Management Ltd. (0.4%)

Contact Details

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

Related Companies

  • Roms Nominees Ltd.
  • CLP Innovation Ventures Ltd.
  • CLP Investment Holdings Ltd.
  • CLP Nuclear Power (Yangjiang) Ltd.
  • Chin Leong Construction Systems Pte Ltd.
  • CLP Industries (Vietnam) Co. Ltd.
  • CLP Power (Thailand) Ltd.
  • 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.
  • Hong Kong Nuclear Investment Co. Ltd.
  • CLP Nuclear Investment Co. Ltd.
  • Malconna Co. Ltd.
  • CLP Wind Power China (South) Ltd.
  • CLP Wind Power China (North) Ltd.
  • CLP Renewables (Mauritius) Holdings Ltd.
  • CLP Renewables (Mauritius) Ltd.
  • CLP Renewables (India) Ltd.
  • CLP Power (Yallourn) Funding Ltd.
  • CLP Power Projects (Mauritius) Holdings Ltd.
  • CLP Power International Projects Ltd.
  • CLP Power China (Hainan) Ltd.
  • CLP India (BVI) Ltd.

Competitors

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