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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 2020 MYRUSD
Revenue19,178.44M4,558.16M
Gross Profit3,583.66M851.73M
Operating income1,612.01M383.13M
Income before tax162.09M38.52M
Net income-189.22M-44.97M
EBITDA3,425.50M814.14M
Diluted EPS-0.01-0.00
Dividends Per Share00
Total Assets69,908.43M16,314.68M
Total liabilities53,701.83M12,532.51M
Total equity12,460.33M2,907.89M
Operating cash flow3,042.70M723.16M
Currency in MYRCurrency in USD

Historical Data

 Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020
Revenue 15,377.50M 14,728.68M 15,890.14M 18,047.52M 19,178.44M
Gross Profit 4,451.69M 4,148.92M 4,486.88M 4,107.06M 3,583.66M
Operating income 2,713.10M 2,510.91M 2,764.12M 2,275.38M 1,612.01M
Income before tax 1,617.44M 1,255.40M 936.86M 625.41M 162.09M
Net income 916.43M 813.30M 340.99M 242.58M -189.22M
EBITDA 4,407.70M 4,076.76M 4,312.39M 3,783.77M 3,425.50M
Diluted EPS 0.08 0.07 0.03 0.02 -0.01
Dividends Per Share 0.09 0.04 0.03 0.03 0
Total Assets 67,511.69M 74,971.41M 71,344.38M 76,727.09M 69,908.43M
Total liabilities 45,145.62M 51,571.83M 49,235.45M 55,271.72M 53,701.83M
Total equity 14,529.63M 14,800.06M 14,041.93M 13,262.68M 12,460.33M
Operating cash flow 2,866.71M 2,244.38M 2,257.76M 2,770.26M 3,042.70M
 Jun 2016Jun 2017Jun 2018Jun 2019Jun 2020
Revenue 3,719.34M 3,437.07M 3,899.22M 4,373.53M 4,558.16M
Gross Profit 1,076.72M 968.19M 1,101.02M 995.28M 851.73M
Operating income 656.21M 585.94M 678.27M 551.40M 383.13M
Income before tax 391.21M 292.96M 229.89M 151.55M 38.52M
Net income 221.65M 189.79M 83.67M 58.78M -44.97M
EBITDA 1,066.08M 951.35M 1,058.20M 916.93M 814.14M
Diluted EPS 0.02 0.01 0.00 0.00 -0.00
Dividends Per Share 0.02 0.01 0.00 0.00 0
Total Assets 16,746.04M 17,465.06M 17,661.68M 18,566.74M 16,314.68M
Total liabilities 11,198.21M 12,013.98M 12,188.50M 13,374.88M 12,532.51M
Total equity 3,604.02M 3,447.76M 3,476.15M 3,209.36M 2,907.89M
Operating cash flow 693.37M 523.74M 554.02M 671.33M 723.16M

Valuation Measures

Jun 2020
PER--
ROA-0.25%
ROE-1.47%
Operating margin8.40%
Profit margin-0.98%

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 (6.2%)
  • 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. (1.1%)

Contact Details

  • Website:http://www.ytl.com
  • Address: 205 Jalan Bukit Bintang, 33rd Floor, 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.
  • YTL Power Resources Sdn. Bhd.
  • 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 Land & Development Management Pte Ltd.
  • Mayang Sari Sdn. Bhd.
  • Bayumaju Development Sdn. Bhd.
  • Amanresorts Sdn. Bhd.
  • YTL Corp. Finance (Cayman) Ltd.
  • Threadneedles Hotel Ltd.
  • Titiwangsa Development Sdn. Bhd.
  • Monkey Island Properties Ltd.
  • Katagreen Development Sdn. Bhd.
  • Business & Budget Hotels Sdn. Bhd.
  • Star Hill Hotel Sdn. Bhd.
  • YTL Energy Sdn. Bhd.
  • Island Air Sdn. Bhd.
  • Cornerstone Crest Sdn. Bhd.
  • YTL Cayman Ltd.
  • YTL Vacation Club Bhd.
  • Prisma Tulin Sdn. Bhd.
  • Star Hill Living.Com Sdn. Bhd.

Competitors

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