Swire Pacific Ltd.

In the news

WWII anniversary, SoftBank results, Jokowi's state of the union Aug 9, 2020
Cathay Pacific warns of $1.3bn net loss due to COVID Jul 17, 2020
Governance group questions role of Cathay bailout 'observers' Jun 26, 2020
Bailout of Hong Kong's Cathay Pacific gets investors' scrutiny Jun 10, 2020
Hong Kong government leads $5bn bailout of Cathay Pacific Jun 9, 2020

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 1816 and is headquartered in Hong Kong.

Financial Highlights

Dec 2021	HKD	USD
Revenue	90,802M	11,681.96M
Gross Profit	35,278M	4,538.62M
Operating income	11,774M	1,514.76M
Income before tax	10,361M	1,332.97M
Net income	4,963M	638.50M
EBITDA	15,845M	2,038.50M
Diluted EPS	3.31	0.42
Dividends Per Share	2.60	0.33
Total Assets	436,316M	55,964.49M
Total liabilities	112,148M	14,384.77M
Total equity	266,950M	34,240.60M
Operating cash flow	11,665M	1,500.73M
	Currency in HKD	Currency in USD

Historical Data

HKD | USD

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	80,289M	84,606M	85,652M	78,356M	90,802M
Gross Profit	28,298M	30,867M	31,821M	30,497M	35,278M
Operating income	10,624M	10,450M	10,693M	9,642M	11,774M
Income before tax	35,506M	32,346M	11,750M	5,891M	10,361M
Net income	26,070M	23,629M	9,007M	-5,993M	4,963M
EBITDA	14,236M	14,248M	15,516M	13,820M	15,845M
Diluted EPS	17.34	15.73	5.99	-7.32	3.31
Dividends Per Share	2.10	3	3	1.70	2.60
Total Assets	421,099M	436,405M	441,397M	433,110M	436,316M
Total liabilities	115,005M	111,290M	111,903M	113,964M	112,148M
Total equity	253,163M	270,424M	273,352M	262,692M	266,950M
Operating cash flow	15,600M	15,436M	10,541M	11,459M	11,665M

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021
Revenue	10,302.94M	10,794.96M	10,931.69M	10,102.63M	11,681.96M
Gross Profit	3,631.29M	3,938.35M	4,061.28M	3,932.05M	4,538.62M
Operating income	1,363.30M	1,333.32M	1,364.73M	1,243.16M	1,514.76M
Income before tax	4,556.24M	4,127.05M	1,499.64M	759.54M	1,332.97M
Net income	3,345.38M	3,014.84M	1,149.55M	-772.69M	638.50M
EBITDA	1,826.81M	1,817.91M	1,980.29M	1,781.84M	2,038.50M
Diluted EPS	2.22	2.00	0.76	-0.94	0.42
Dividends Per Share	0.26	0.38	0.38	0.21	0.33
Total Assets	53,867.57M	55,739.62M	56,648.91M	55,857.41M	55,964.49M
Total liabilities	14,711.60M	14,214.46M	14,361.63M	14,697.73M	14,384.77M
Total equity	32,384.96M	34,539.77M	35,082.00M	33,878.91M	34,240.60M
Operating cash flow	2,001.84M	1,969.49M	1,345.33M	1,477.43M	1,500.73M

Valuation Measures

Dec 2021
PER	13.38
ROA	1.14%
ROE	1.87%
Operating margin	12.96%
Profit margin	5.46%

Key executives

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

Shareholders

John Swire & Sons Ltd. (48.9%)
BlackRock Fund Advisors (1.7%)
The Vanguard Group, Inc. (1.5%)
First Pacific Advisors LP (1.1%)
Norges Bank Investment Management (1.0%)
Jupiter Asset Management Ltd. (0.5%)
BlackRock Advisors (UK) Ltd. (0.4%)
Dimensional Fund Advisors LP (0.4%)
BlackRock Investment Management (UK) Ltd. (0.3%)
Geode Capital Management LLC (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 3 Oct, 2022