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Producer Manufacturing

Swire Pacific Ltd.

Company Background

Swire Pacific is a Hong Kong conglomerate with a workforce of over 130,000 staff around the world. It operates business units in the areas of property development, aviation, marine services, beverages and trading. John Slosar became its chairman in 2014. U.K-based John Swire & Sons holds a 49% stake in Swire Pacific.

The conglomerate owns 82% of Hong Kong-listed Swire Properties, one of the region's leading property developers. Swire Properties operates offices properties, hotels, and major shopping malls in Hong Kong, mainland China, and the U.S.

The company has a 45% stake in Cathay Pacific Airways, the special administrative region's flag carrier, offering passenger and cargo services to about 200 cities worldwide. Its marine services unit, Swire Pacific Offshore, owns and operates around 90 offshore support vessels.

Swire's beverages unit has had a strategic partnership with Coca-Cola since the 1960s, and became one of the largest franchises in the world. It manufactures 57 brands and supplies a franchise population of more than 450 million people. Its sales territories include the U.S., Hong Kong, Taiwan and seven provinces in mainland China.

Its trading and industrial division includes automotive trading in Hong Kong, mainland China, Taiwan, Malaysia. It also operates wholesale and retail sales of casual shoes, apparel and accessories across China.

Business Summary

Swire Pacific Ltd. is a holding company with diversified interests. It operates through the following divisions: Property, Aviation, Beverages, Marine Services and Trading and Industrial. The Property division designs, develops and manages mixed-use developments that successfully transform urban areas. The Aviation division provides cargo airlines, aircraft engineering, catering and airport services. The Beverages division involves bottling, distribution, and delivery of beverage products. The Marine Services division includes international offshore energy support, and dockyard and towage services. The Trading and Industrial division engages in the retail and distribution of apparel and motor vehicles and is involved in the sugar and paint businesses. The company was founded in 1974 and is headquartered in Hong Kong.

Financial Highlights

Dec 2019 HKDUSD
Revenue85,652M10,931.69M
Gross Profit31,821M4,061.28M
Operating income10,693M1,364.73M
Income before tax11,750M1,499.64M
Net income9,007M1,149.55M
EBITDA15,516M1,980.29M
Diluted EPS5.990.76
Dividends Per Share30.38
Total Assets441,397M56,648.91M
Total liabilities111,903M14,361.63M
Total equity273,352M35,082.00M
Operating cash flow10,541M1,345.33M
Currency in HKDCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 60,885M 62,389M 80,289M 84,606M 85,652M
Gross Profit 22,747M 21,826M 28,298M 30,867M 31,821M
Operating income 9,913M 9,519M 10,624M 10,450M 10,693M
Income before tax 18,997M 15,748M 35,506M 32,346M 11,750M
Net income 13,429M 9,644M 26,070M 23,629M 9,007M
EBITDA 12,951M 12,694M 14,236M 14,248M 15,516M
Diluted EPS 8.93 6.41 17.34 15.73 5.99
Dividends Per Share 3.90 2.10 2.10 3 3
Total Assets 362,365M 373,498M 421,099M 436,405M 441,397M
Total liabilities 98,379M 101,330M 115,005M 111,290M 111,903M
Total equity 218,449M 224,879M 253,163M 270,424M 273,352M
Operating cash flow 11,963M 13,190M 15,600M 15,436M 10,541M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 7,853.52M 8,037.27M 10,302.94M 10,794.96M 10,931.69M
Gross Profit 2,934.12M 2,811.73M 3,631.29M 3,938.35M 4,061.28M
Operating income 1,278.67M 1,226.28M 1,363.30M 1,333.32M 1,364.73M
Income before tax 2,450.41M 2,028.73M 4,556.24M 4,127.05M 1,499.64M
Net income 1,732.19M 1,242.39M 3,345.38M 3,014.84M 1,149.55M
EBITDA 1,670.54M 1,635.30M 1,826.81M 1,817.91M 1,980.29M
Diluted EPS 1.15 0.82 2.22 2.00 0.76
Dividends Per Share 0.50 0.27 0.26 0.38 0.38
Total Assets 46,755.86M 48,173.70M 53,867.57M 55,739.62M 56,648.91M
Total liabilities 12,693.81M 13,069.52M 14,711.60M 14,214.46M 14,361.63M
Total equity 28,186.42M 29,004.85M 32,384.96M 34,539.77M 35,082.00M
Operating cash flow 1,543.10M 1,699.20M 2,001.84M 1,969.49M 1,345.33M

Valuation Measures

Dec 2019
PER12.06
ROA2.05%
ROE3.31%
Operating margin12.48%
Profit margin10.51%

Key executives

  • Finance Director & Executive Director: Mei Shuen Low
  • Secretary: St. John Andrew Flaherty

Shareholders

  • John Swire & Sons Ltd. (45.4%)
  • The Vanguard Group, Inc. (1.9%)
  • Schroder Investment Management Ltd. (1.4%)
  • JPMorgan Asset Management (Asia Pacific) Ltd. (1.2%)
  • First Pacific Advisors LP (1.1%)
  • Norges Bank Investment Management (1.0%)
  • BlackRock Fund Advisors (1.0%)
  • Templeton Global Advisors Ltd. (0.8%)
  • Lazard Asset Management LLC (0.8%)
  • Ninety One UK Ltd. (0.7%)

Contact Details

Related Companies

  • Swire Pacific MTN Financing (HK) Ltd.
  • Swire MP Foods Ltd.
  • Lei King Wan (Management) Ltd.
  • Taikoo Sugar Ltd.
  • Swire Properties Investments Ltd.
  • StarCrest (Management) Ltd.
  • International Automobiles Ltd. (Hong Kong)
  • Swire Foods Trading China Ltd.
  • Rise Merit Ltd.
  • 53 Stubbs Road (Management) Ltd.
  • Excel Marketing Ltd.
  • Swire Pacific Offshore Ltd.
  • Taikoo Motorcycle Ltd.
  • Swire Coca-Cola (S&D) Ltd.
  • Swire Coca-Cola Beverages Ltd.
  • Swire Pacific Offshore Services Pte Ltd.
  • Swire Pacific Ship Management (Australia) Pty Ltd.
  • Taikoo Motors Ltd.
  • Ying Feng (Shanghai) Real Estate Development Co. Ltd.
  • Taikoo Sugar (China) Ltd.
  • Swire Foods Holdings Ltd.
  • Swire Pacific Offshore Holding Pte Ltd.
  • Swire Pacific Offshore Pty Ltd.
  • Swire Pacific Holdings, Inc.
  • Swire Pacific Offshore Holding Ltd.
  • Swire Pacific Cold Storage Ltd.
  • Swire Industrial Ltd.
  • Banyan Ltd.
  • Swire Aviation Ltd.
  • Swire Coca Cola HK Ltd.

Competitors

  • PT Wintermar Offshore Marine Tbk
  • Tidewater Inc
  • Bourbon Corp.
  • SeaBird Exploration Plc
Last Updated on 22 May, 2020

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