CK Hutchison Holdings Ltd
HKEX:1

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CK Hutchison Holdings Ltd
HKEX:1
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Price: 55.4 HKD 2.5% Market Closed
Market Cap: 212.2B HKD

CK Hutchison Holdings Ltd
Investor Relations

CK Hutchison Holdings Ltd., a sprawling conglomerate headquartered in Hong Kong, orchestrates a symphony of diverse business ventures that ripple across continents and sectors. Emerging from the long lineage of the influential Li family, with Li Ka-shing at its helm for much of its storied history, this corporate behemoth has its roots in the regions' transformative years of trade expansion and industrialization. CK Hutchison has constructed a vast investment portfolio that stretches into the core pillars of modern infrastructure – ports, telecommunications, retail, energy, and more. This diversification plays a critical role in mitigating risks while harnessing global opportunities, establishing the company as a formidable global operator.

At the heart of CK Hutchison's operations is its robust infrastructure segment, including its ports and related services, which form one of the world's largest container terminal networks. This segment not only provides steady cash flow but also propels the company into the critical logistics arteries of global trade. Meanwhile, the telecommunications arm capitalizes on the ever-growing demand for connectivity, boasting millions of subscribers across Europe, Asia, and Australia. Retail operations, prominently featuring the Watsons brand, exploit consumer markets with health and beauty products, proliferating through a vast network of stores. Its utilities and energy divisions, although more subdued, vitalize the revenue stream with investments in energy distribution and production. Collectively, these segments create a synergistic earning structure; CK Hutchison adeptly deploys its strategic presence to navigate complex markets, ensuring sustained profitability in an ever-evolving economic landscape.

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Last Earnings Call
Fiscal Period
Q4 2022
Call Date
Mar 16, 2023
AI Summary
Q4 2022

Revenue Growth: CK Hutchison reported a 3% increase in revenue in reported currency, and a 10% increase in local currencies for 2022.

Earnings & Dividends: Earnings rose 10% to $36.7 billion, with dividends also up 10%, maintaining a steady payout ratio.

Free Cash Flow Surge: Free cash flow jumped 44% year-on-year, reaching $47.7 billion, supported by strong working capital management and lower CapEx.

Debt Reduction: The group reduced gross debt by $41.7 billion and improved its net debt to capital ratio by 3.6 points.

Retail Hit in China, Offset Elsewhere: Health and Beauty China EBITDA dropped sharply due to lockdowns, but strong performances in Europe and other parts of Asia offset the decline.

Ports: Port EBITDA rose 8% in local currency despite a 4% drop in throughput, driven by increased storage income.

Telecom Challenges: Telecom division EBITDA fell 20%, mainly due to weak performance in Italy and higher costs, but the completion of tower asset sales provided a financial boost.

Strategic Focus: Management is prioritizing M&A, especially in telecom market consolidation, asset-light strategies, and digitalization to improve efficiency.

Key Financials
Earnings
$36.7 billion
Free Cash Flow
$47.7 billion
Gross Debt
$284.6 billion
Cost of Debt
2%
Retail EBITDA
$14.3 billion
CKI Contribution
$7.7 billion
Cenovus Contribution
$6.6 billion
Store Count (Retail)
16,142
Earnings Call Recording
Other Earnings Calls
2022
2021

Management

Mr. Tzar Kuoi Li B.Sc., LLD, LLD (Hon), M.Sc.
Executive Chairman
No Bio Available
Mr. Frank John Sixt M.A.
Group Finance Director, Co-MD & Executive Director
No Bio Available
Mr. Kai Ming Lai B.Sc., M.B.A.
Co-MD & Executive Director
No Bio Available
Mr. Kin Ning Fok BA, DFM, F.C.A., FCA (ANZ)
Executive Deputy Chairman
No Bio Available
Mr. Edmond Tak Chuen IP B.A., M.Sc.
Deputy MD & Executive Director
No Bio Available
Ms. Edith Shih BSE, C.S., CGP, EdM, FCIS, FCS, FCS(PE), M.A., P.E
Company Secretary & Executive Director
No Bio Available
Mr. Ka Keung Man
General Manager of Accounts Department
No Bio Available
Mr. Hans Leung
Investor Relations Contact
No Bio Available
Mr. Ka-shing Li DSSc (Hon), GBM, KBE, LLD (Hon)
Senior Advisor
No Bio Available

Contacts

Address
48th Floor, Cheung Kong Center, 2 Queen's Road Central, Central
Contacts
+85221281188.0
www.ckh.com.hk