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Swire Pacific Ltd
XMUN:SWI

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Swire Pacific Ltd Logo
Swire Pacific Ltd
XMUN:SWI
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Price: 9.02 EUR -0.55% Market Closed
Market Cap: €7.5B

Swire Pacific Ltd
Investor Relations

Swire Pacific is a Hong Kong-based holding company that owns businesses in property, beverages, and a few related industrial and service interests. Its best-known asset is a property arm with offices, retail space, hotels, and homes in major Asian cities. It also owns a soft-drink bottling business that makes, packages, and distributes Coca-Cola products under licence. Its customers are tenants, homebuyers, hotel guests, and consumers who buy bottled drinks through shops, restaurants, and distributors. Swire makes money mainly from rent, property sales, hotel and related income, and from selling beverages through its bottling and distribution network. Some of its other investments, such as aviation-related interests, also add earnings and long-term value. What makes Swire different is that it is not a pure property company or a pure consumer brand owner. It combines steady, asset-backed property income with a branded drinks business that works as part of Coca-Cola’s supply chain in Asia. That mix gives it exposure to both long-term real estate and everyday consumer demand.

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Last Earnings Call
Fiscal Period
Q2 2023
Call Date
Aug 10, 2023
AI Summary
Q2 2023

Profit Surge: Recurring underlying profit jumped 284% to HKD 4.9 billion, driven by strong recovery across core divisions, especially aviation.

Coca-Cola USA Sale: Announced the proposed sale of Swire Coca-Cola USA for HKD 30.4 billion, booking a gain of over HKD 22 billion if approved.

Special Dividend: Plan to distribute a special dividend of HKD 11.7 billion, with per share details provided, following the Coca-Cola USA sale.

Dividend Growth: Interim dividend increased by 4%, and management reiterated commitment to progressive dividend growth.

Balance Sheet Strength: Gearing currently at 21%, expected to drop below 15% after the disposal; net debt and equity set to improve significantly.

Business Performance: Strong rebound in property, beverage, and aviation; beverage revenue up 14%, recurring profit up 41%.

Strategic Focus: Company remains committed to core markets in Hong Kong, Chinese Mainland, and Southeast Asia, with ongoing investment.

Key Financials
Recurring Underlying Profit
HKD 4.9 billion
Statutory Profit
HKD 4.2 billion
Underlying Profit
HKD 5.6 billion
EBITDA Margin (Beverages)
12.3%
Attributable Profit (Beverages)
HKD 1.4 billion
Net Debt
HKD 67 billion
Gearing
21%
Weighted Average Cost of Debt
3.8%
Special Dividend
HKD 11.7 billion
Interim Dividend Increase
4%
Earnings Call Recording
Other Earnings Calls
2023
2022

Management

Mr. Guy Martin Coutts Bradley J.P.
Executive Chairman of the Board
No Bio Available
Mr. Martin James Murray
Finance Director & Executive Director
No Bio Available
Mr. David Peter Cogman
Executive Director
No Bio Available
Mr. Cindy Cheung
Manager Group Public Affairs
No Bio Available
Ms. Bernadette Mak Lomas
Group General Counsel & Company Secretary
No Bio Available
Ms. Karen So
Managing Director of Swire Coca-Cola
No Bio Available

Contacts

Address
33/F, One Pacific Place, 88 Queensway
Contacts
+85228408888.0
www.swirepacific.com
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