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Utilities

YTL Corp Bhd.

Company Background

YTL is an ethnic Chinese-owned conglomerate that is involved in utilities, property development, telecommunications and transport.

Established in 1955 as a construction company, YTL -- through its subsidiary YTL Power International -- has evolved into a leading utilities provider in Australia, Indonesia, Malaysia, Singapore and the U.K. In Malaysia, it owns two gas-fired power plants with a capacity of 1,212 megawatts.

YTL wholly owns Wessex Water, a water and sewerage operator in the U.K., which the company acquired from defunct U.S. electricity trader Enron. These utilities contributed about 80% of the group's revenue.

The company owns luxury hotels in Europe, Japan, Malaysia and Thailand.

YTL is headed by Managing Director Francis Yeoh Sock Ping, a civil engineer by training, together with his siblings. He is the eldest son of the founder, Yeoh Tiong Lay, after whom the company is named. The Yeoh family owns a majority of YTL's shareholdings. YTL has three listed subsidiaries in Malaysia and another in Singapore. It is also dual-listed on the Tokyo Stock Exchange.

Business Summary

YTL Corp. Bhd. operates as an investment holding company. The firm engages in the ownership and management of regulated utilities and infrastructural assets. It operates through the following segments: Construction, Information Technology and e-Commerce Related Business, Hotel Operations, Cement Manufacturing and Trading, Management Services and Others, Property Investment and Development and Utilities. The Construction segment engages in the construction of buildings, schools, army barracks, hospitals, hotels and office blocks and infrastructure projects. The Information Technology and e-Commerce Related Business segment engages in developing, owning and operating digital media networks and wireless fixed broadband services. The Hotel Operations segment manages hotels and resorts. The Cement Manufacturing and Trading segment manufactures and trades ready-mixed concrete, aggregates and cement. The Management Services and Others segment provides maintenance and monitoring services for power stations and cement plants. The Property Investment and Development segment develops residential houses, apartments and condominiums. The Utilities segment comprises water and sewerage operations, power generation and merchant multi-utilities and power transmission, generation and communications business. The company was founded by Yeoh Tiong Lay in 1955 and is headquartered in Kuala Lumpur, Malaysia.

Financial Highlights

Jun 2022 MYRUSD
Revenue24,161.10M5,710.07M
Gross Profit3,570.94M843.93M
Operating income2,739.48M647.43M
Income before tax1,152.78M272.44M
Net income530.54M125.38M
EBITDA4,602.50M1,087.72M
Diluted EPS0.040.01
Dividends Per Share----
Total Assets72,341.65M16,413.30M
Total liabilities54,317.57M12,323.89M
Total equity12,827.28M2,910.33M
Operating cash flow1,141.72M269.82M
Currency in MYRCurrency in USD

Historical Data

 Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022
Revenue 15,890.14M 18,047.52M 19,178.44M 17,270.41M 24,161.10M
Gross Profit 4,486.88M 4,107.06M 3,583.66M 3,159.22M 3,570.94M
Operating income 2,764.12M 2,275.38M 1,612.01M 1,433.40M 2,739.48M
Income before tax 936.86M 625.41M 162.09M 236.27M 1,152.78M
Net income 340.99M 242.58M -189.22M -367.66M 530.54M
EBITDA 4,312.39M 3,783.77M 3,425.50M 3,330.17M 4,602.50M
Diluted EPS 0.03 0.02 -0.01 -0.03 0.04
Dividends Per Share 0.03 0.03 0 0.02 --
Total Assets 71,344.38M 76,727.09M 69,908.43M 73,863.56M 72,341.65M
Total liabilities 49,235.45M 55,271.72M 53,701.83M 56,863.99M 54,317.57M
Total equity 14,041.93M 13,262.68M 12,460.33M 12,788.48M 12,827.28M
Operating cash flow 2,257.76M 2,770.26M 3,042.70M 3,010.30M 1,141.72M
 Jun 2018Jun 2019Jun 2020Jun 2021Jun 2022
Revenue 3,899.22M 4,373.53M 4,558.16M 4,185.23M 5,710.07M
Gross Profit 1,101.02M 995.28M 851.73M 765.59M 843.93M
Operating income 678.27M 551.40M 383.13M 347.36M 647.43M
Income before tax 229.89M 151.55M 38.52M 57.25M 272.44M
Net income 83.67M 58.78M -44.97M -89.09M 125.38M
EBITDA 1,058.20M 916.93M 814.14M 807.01M 1,087.72M
Diluted EPS 0.00 0.00 -0.00 -0.00 0.01
Dividends Per Share 0.00 0.00 0 0.00 --
Total Assets 17,661.68M 18,566.74M 16,314.68M 17,792.01M 16,413.30M
Total liabilities 12,188.50M 13,374.88M 12,532.51M 13,697.21M 12,323.89M
Total equity 3,476.15M 3,209.36M 2,907.89M 3,080.44M 2,910.33M
Operating cash flow 554.02M 671.33M 723.16M 729.50M 269.82M

Valuation Measures

Jun 2022
PER12.08
ROA0.72%
ROE4.14%
Operating margin11.33%
Profit margin2.19%

Key executives

  • Managing Director & Executive Director: Seok Kian Yeoh
  • Secretary: Say Keng Ho

Shareholders

  • Yeoh Tiong Lay & Sons Holdings Sdn. Bhd. (49.9%)
  • Employees Provident Fund (5.6%)
  • Permodalan Nasional Bhd. (3.1%)
  • Jamaican Gold Ltd. (2.4%)
  • Tien Shia International Ltd. (2.0%)
  • Orchestral Harmony Ltd. (1.8%)
  • Steeloak International Ltd. (1.7%)
  • YEOH SOCK PING (1.3%)
  • TAN KAI YONG (1.2%)
  • The Vanguard Group, Inc. (1.2%)

Contact Details

  • Website:http://www.ytl.com
  • Address: 205 Jalan Bukit Bintang, Menara YTL, Kuala Lumpur, 55100, Malaysia
  • Phone: +60.3.2038.0888

Related Companies

  • Ytl Corp. Bhd. /10 Subsidiaries/
  • YTL Hotels & Property Sdn. Bhd.
  • Ideal Worlds Pte Ltd.
  • Cane Creations (Marketing) Sdn. Bhd.
  • YTL Hotel Management Saint Tropez SARL
  • YTL (Guernsey) Ltd.
  • YTL Corporation (UK) Plc
  • YTL Charters Sdn. Bhd.
  • Spectacular Corner Sdn. Bhd.
  • Intellectual Mission Sdn. Bhd.
  • Cane Creations Sdn. Bhd.
  • YTL Corp Finance (Cayman) Ltd.
  • Titiwangsa Development Sdn. Bhd.
  • Business & Budget Hotels Sdn. Bhd.
  • YTL Energy Sdn. Bhd.
  • Arah Asas Sdn. Bhd.
  • Cornerstone Crest Sdn. Bhd.
  • YTL Cayman Ltd.
  • YTL Vacation Club Bhd.
  • Prisma Tulin Sdn. Bhd.
  • YTL-SV Carbon Sdn. Bhd.
  • Divine View Sdn. Bhd.
  • YTL Corp Finance (Labuan) Ltd.
  • Dynamic Project Development Sdn. Bhd.
  • Syarikat Pembenaan Yeoh Tiong Lay Sdn. Bhd.
  • YTL Hotels & Properties Sdn. Bhd.
  • YTL Hospitality REIT
  • YTL Land Sdn. Bhd.
  • YTL e-Solutions Bhd.
  • YTL Industries Bhd.

Competitors

    Last Updated on 4 Oct, 2022

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