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CK Hutchison Holdings Ltd
F:2CKA

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CK Hutchison Holdings Ltd
F:2CKA
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Price: 7.55 EUR Market Closed
Market Cap: €28.9B

CK Hutchison Holdings Ltd
Investor Relations

CK Hutchison Holdings is a Hong Kong-based holding company that owns a mix of businesses in ports, retail, telecommunications, and infrastructure. It does not sell one single product; instead, it runs operating companies that handle cargo at ports, run health and beauty stores, provide mobile and fixed-line telecom services, and own utility and infrastructure assets. Its customers are mostly consumers, shipping lines, and business clients. The company makes money through fees for moving and storing goods, sales at its retail chains, monthly telecom subscriptions and usage charges, and long-term income from infrastructure and utility businesses. This gives it a spread of steady cash flows from everyday services rather than from one cyclical business. What makes CK Hutchison different is that it sits one level above a group of practical, asset-heavy businesses that are hard to build from scratch. It is not a pure retailer or a pure telecom operator; it is a controlling owner that manages several large businesses with different end markets, which can reduce dependence on any single industry.

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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
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