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 a portfolio of diversified businesses. It operates through the following divisions: Property, Aviation, Beverages, Healthcare, and Trading and Industrial. The Property Division develops, owns and operates mixed-use, principally commercial, properties in the HKSAR and the Chinese Mainland. The Beverages Division comes under Swire Coca-Cola, which manufactures, markets and distributes products of The Coca-Cola Company in the Chinese Mainland and in the HKSAR, Taiwan region, Cambodia, Vietnam and an extensive area of the western USA. The Aviation Division provides flight catering and ramp and passenger handling services and owns and operates a cargo terminal at Hong Kong International Airport. The Trading & Industrial Division has interests in the following companies: Swire Resources, Taikoo Motors, Swire Foods and Swire Environmental Services. The company was founded in 1816 and is headquartered in Hong Kong.

Financial Highlights

Dec 2022	HKD	USD
Revenue	91,169M	11,642.82M
Gross Profit	34,188M	4,366.01M
Operating income	10,652M	1,360.32M
Income before tax	10,362M	1,323.28M
Net income	3,836M	489.88M
EBITDA	14,617M	1,866.67M
Diluted EPS	2.43	0.31
Dividends Per Share	3	0.38
Total Assets	434,766M	55,703.88M
Total liabilities	118,830M	15,224.95M
Total equity	258,456M	33,114.36M
Operating cash flow	8,156M	1,041.56M
	Currency in HKD	Currency in USD

Historical Data

HKD | USD

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	84,606M	85,652M	78,356M	91,229M	91,169M
Gross Profit	30,867M	31,821M	30,497M	35,273M	34,188M
Operating income	10,450M	10,693M	9,642M	11,769M	10,652M
Income before tax	32,346M	11,750M	5,891M	10,356M	10,362M
Net income	23,629M	9,007M	-5,993M	4,956M	3,836M
EBITDA	14,248M	15,516M	13,820M	15,840M	14,617M
Diluted EPS	15.73	5.99	-7.32	3.30	2.43
Dividends Per Share	3	3	1.70	2.60	3
Total Assets	436,405M	441,397M	433,110M	435,667M	434,766M
Total liabilities	111,290M	111,903M	113,964M	112,047M	118,830M
Total equity	270,424M	273,352M	262,692M	266,515M	258,456M
Operating cash flow	15,436M	10,541M	11,459M	11,665M	8,156M

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	10,794.96M	10,931.69M	10,102.63M	11,736.89M	11,642.82M
Gross Profit	3,938.35M	4,061.28M	3,932.05M	4,537.98M	4,366.01M
Operating income	1,333.32M	1,364.73M	1,243.16M	1,514.11M	1,360.32M
Income before tax	4,127.05M	1,499.64M	759.54M	1,332.33M	1,323.28M
Net income	3,014.84M	1,149.55M	-772.69M	637.60M	489.88M
EBITDA	1,817.91M	1,980.29M	1,781.84M	2,037.86M	1,866.67M
Diluted EPS	2.00	0.76	-0.94	0.42	0.31
Dividends Per Share	0.38	0.38	0.21	0.33	0.38
Total Assets	55,739.62M	56,648.91M	55,857.41M	55,881.25M	55,703.88M
Total liabilities	14,214.46M	14,361.63M	14,697.73M	14,371.81M	15,224.95M
Total equity	34,539.77M	35,082.00M	33,878.91M	34,184.80M	33,114.36M
Operating cash flow	1,969.49M	1,345.33M	1,477.43M	1,500.73M	1,041.56M

Valuation Measures

Dec 2022
PER	28.21
ROA	0.88%
ROE	1.46%
Operating margin	11.68%
Profit margin	4.20%

Key executives

Executive Director & Finance Director: Martin James Murray
Secretary & Group General Counsel: Bernadette Mak Lomas

Shareholders

John Swire & Sons Ltd. (51.1%)
BlackRock Fund Advisors (1.9%)
The Vanguard Group, Inc. (1.4%)
Norges Bank Investment Management (1.0%)
Jupiter Asset Management Ltd. (0.7%)
First Pacific Advisors LP (0.6%)
SEI Investments (Europe) Ltd. (0.4%)
BlackRock Advisors (UK) Ltd. (0.4%)
Dimensional Fund Advisors LP (0.3%)
Ninety One UK Ltd. (0.3%)

Contact Details

Website:http://www.swirepacific.com
Address: One Pacific Place, 88 Queensway, Hong Kong, Hong Kong
Phone: +852.2840.8888

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Competitors

Last Updated on 31 May, 2023