Financial Performance - The total EBITDA for 2022 was reported at HKD 119,010 million, with a basic benchmark of HKD 106,207 million[14]. - The total EBIT for 2022 was reported at HKD 72,864 million, with a basic benchmark of HKD 60,061 million[15]. - Total revenue for 2022 was HKD 457,229 million, representing a 3% increase from HKD 445,383 million in 2021[16]. - EBITDA for 2022 reached HKD 142,132 million, reflecting a 5% growth compared to HKD 135,653 million in 2021[39]. - EBIT totaled HKD 78,261 million in 2022, marking a 14% increase from HKD 68,818 million in the previous year[39]. - The group's net profit attributable to shareholders for 2022 was HKD 9.7 billion, including one-time gains from the sale of UK tower assets and Indonesian telecom business, offset by non-cash goodwill impairment of HKD 12 billion[23]. - The company's profit attributable to ordinary shareholders increased to HKD 36,680 million in 2022, up from HKD 33,484 million in 2021, representing an increase of 6.5%[18]. - Earnings per share (EPS) rose to HKD 9.57 in 2022, compared to HKD 8.70 in 2021, reflecting a growth of 10%[18]. - The group's EBITDA for the year was HKD 119.01 billion, compared to HKD 111.23 billion for the previous year, resulting in an interest coverage ratio of 64.5 times, up from 31.9 times[141]. Revenue Breakdown - Revenue from Europe amounted to HKD 214,888 million, while revenue from Asia, Australia, and others was HKD 74,434 million[13]. - Retail segment revenue decreased by 2% to HKD 169,645 million, down from HKD 173,601 million in the previous year[16]. - The financial and investment segment saw a revenue increase of 31% to HKD 94,085 million from HKD 72,036 million in the previous year[16]. - CK Hutchison Group Telecom revenue decreased by 10% to HKD 83,289 million, down from HKD 92,575 million in 2021[16]. - The infrastructure segment reported a revenue decline of 3% to HKD 54,441 million from HKD 56,100 million in the previous year[16]. - The retail segment generated revenue of HKD 169,645 million, down 2% from HKD 173,601 million in 2021[39]. - The port segment reported total revenue of HKD 44.14 billion, with EBITDA of HKD 15.8 billion and EBIT of HKD 11.43 billion, reflecting increases of 4%, 4%, and 6% respectively in reported currency[26]. Operational Highlights - The port division handled a total throughput of 84.8 million TEUs (twenty-foot equivalent units) in 2022, with interests in 293 operational berths across 51 ports in 25 countries[9]. - The retail division operates over 16,100 stores in 28 markets, making it the largest international health and beauty retailer globally[10]. - The telecommunications division is a pioneer in mobile data communication technology and a leading operator in integrated telecommunications and digital services[12]. - The company is involved in the manufacturing and distribution of bottled water and beverages in Hong Kong and mainland China[10]. - The company processed 84.8 million twenty-foot equivalent units (TEUs) in 2022, maintaining a strong position in six of the world's ten busiest container ports[43]. - The company plans to invest in new world-class container terminals in Egypt to enhance capacity and support future growth[26]. - The company plans to continue expanding its market presence and investing in new technologies to enhance its service offerings[12]. Strategic Initiatives - The company is actively pursuing strategic acquisitions to bolster its infrastructure and telecommunications capabilities[11]. - The company plans to expand its presence in the Middle East by opening 12 new stores in Saudi Arabia, Qatar, and the UAE[20]. - The company has received approval for the commercial listing of its products in Macau, enhancing its market reach[20]. - The company is collaborating with Cellnex to develop a new AI tumor vaccine research platform, aiming to enhance vaccine exploration and design capabilities[21]. - The company announced a collaboration with Terminal Investment Limited Sàrl to develop a new container terminal in Europahaven, Netherlands[41]. - The company is collaborating with HaloSep AB to assess the feasibility of hazardous gas purification in Rotterdam, Netherlands[75]. Market Challenges - The telecommunications business is expected to recover in 2023 as COVID-19 restrictions are lifted and borders reopen, increasing foot traffic[22]. - External factors such as inflation, energy prices, and geopolitical risks are expected to create uncertainty for the group's business in 2023[36]. - The ongoing COVID-19 pandemic remains a significant uncertainty, potentially affecting the group's operations, particularly in port and retail services[147]. - The group faces significant risks due to the ongoing COVID-19 pandemic, which may lead to reduced business operations and cash flow, impacting financial performance[148]. - The group cannot guarantee that new investments will further increase customer numbers and operational gross profit, which may adversely affect its financial condition and operational performance[156]. Governance and Management - The company has appointed several experienced directors, including Ye Dequan, who has been with the company since December 2014, and has extensive experience in various subsidiaries[174]. - The company reported a significant management team with over 35 years of experience in different industries, including finance and operations[176]. - The board includes independent directors with legal and corporate governance expertise, enhancing the company's compliance and regulatory framework[177]. - The company has a robust governance structure, with independent directors overseeing various subsidiaries and ensuring accountability[178]. - The company emphasizes the importance of legal and regulatory compliance, as evidenced by the qualifications of its directors in law and corporate governance[181]. Shareholding Structure - Li Ka-Shing holds a total of 1,161,272,710 shares, representing approximately 30.43% of the company's total issued shares as of December 31, 2022[193]. - The company has a total of 3,830,044,500 issued shares, which is the basis for calculating the percentage of shareholdings[194]. - The shareholding of Ho Kwan Ning is 6,011,438 shares, accounting for 0.16% of the total issued shares[192]. - The shareholding of Mak Lee Sze is 833,868 shares, which is approximately 0.02% of the total issued shares[192]. - The shareholding of Fok Yat Choi is 7,380,860 shares, representing about 0.19% of the total issued shares[192]. - The company has a diverse range of shareholders, including family and trust entities, indicating a complex ownership structure[193].

Financial Performance - Total revenue for the year ended December 31, 2022, was HKD 457,229 million, an increase from HKD 445,383 million in 2021, representing a growth of approximately 2%[2] - EBITDA for the same period was HKD 142,132 million, up from HKD 135,653 million in 2021, reflecting a growth of about 5%[2] - Reported profit attributable to shareholders was HKD 36,680 million, compared to HKD 33,484 million in 2021, marking a 10% increase[2] - Basic earnings per share for 2022 was HKD 9.57, an increase of 10% from HKD 8.70 in 2021[5] - The group reported a net profit of HKD 34,869 million for 2022, compared to HKD 33,500 million in 2021[60] - The company reported a significant increase in deferred tax expenses, which rose by 243% to HKD 6,670 million[19] - The total tax expense for 2022 was HKD 8,274 million, significantly higher than HKD 2,230 million in 2021[100] Dividends - The board proposed a final dividend of HKD 2.086 per share, up 12% from HKD 1.860 in the previous year, leading to a total annual dividend of HKD 2.926 per share, a 10% increase from HKD 2.660 in 2021[2][6] - The company made a cash payment of HKD 10,353 million in dividends to ordinary shareholders in 2022, compared to HKD 9,627 million in 2021, reflecting an increase of about 7.5%[87] Segment Performance - The retail department operated 16,142 stores across 28 markets at the end of 2022, a 2% decrease from the previous year, with total revenue of HKD 169.64 billion, EBITDA of HKD 14.39 billion, and EBIT of HKD 11.04 billion, reflecting decreases of 2%, 11%, and 11% respectively in reported currency[8] - CK Hutchison Group Telecom reported revenue of HKD 83.29 billion, a 10% decrease from 2021, with EBITDA of HKD 32.19 billion and EBIT of HKD 12.83 billion, reflecting decreases of 25% and 45% respectively in reported currency[11] - The infrastructure department's contribution showed a 3% increase in net profit attributable to shareholders, amounting to HKD 7.748 billion, despite rising financial costs due to interest rate increases[10] - The telecommunications segment in Europe generated HKD 23,864 million, down 20% from HKD 29,892 million in 2021[60] Asset and Liability Management - Total assets decreased from HKD 1,032,113 million in 2021 to HKD 971,922 million in 2022, representing a decline of approximately 5.9%[33] - The company's total liabilities decreased to HKD 272,302 million from HKD 320,903 million in 2021, reflecting a decline of approximately 15.1%[86] - The net debt to total capital ratio improved to 16.7% from 20.3% year-over-year, reflecting a stronger financial position[15] Impairments and Gains - The company recorded a net gain of HKD 9,700 million from one-off items, including HKD 15,800 million from the sale of UK tower assets and HKD 6,100 million from the merger with Indonesian telecommunications, offset by HKD 12,000 million in non-cash goodwill impairment[4] - The company recognized a loss of $2,061 million from the translation of foreign subsidiaries, compared to a loss of $10,567 million in 2021, reflecting an improvement[32] - The company reported a significant impairment of goodwill related to Wind Tre amounting to HKD 11,039 million[72] Future Outlook - The company anticipates recovery in its mainland retail operations in 2023 following the easing of COVID-19 restrictions and border reopening[3] - The group anticipates challenges in 2023 due to external factors such as potential inflation and geopolitical risks[17] - The company plans to focus on market expansion and new product development in the upcoming fiscal year[19] Operational Efficiency - The company aims to enhance operational efficiency and explore potential mergers and acquisitions to drive growth[60] - The company continues to focus on expanding its telecommunications operations in Asia, particularly through mergers and acquisitions[79] Director Remuneration - The total director remuneration for 2022 was HKD 537 million, an increase from HKD 500 million in 2021, representing a growth of 7.4%[89] - The total remuneration for the directors from the company and its subsidiaries was HKD 537.01 million for 2022, with a breakdown of HKD 5.35 million in basic salary, HKD 46.86 million in allowances, and HKD 482.13 million in benefits[90]

Revenue Performance - Total revenue for the six months ended June 30, 2022, was HKD 229,616 million, with Europe contributing HKD 107,397 million, representing a 6% increase [3]. - Revenue from Mainland China was HKD 17,760 million, showing a 20% increase [3]. - Revenue from Hong Kong reached HKD 18,973 million, accounting for 8% of total revenue [3]. - The Asia, Australia, and other regions generated HKD 36,925 million, contributing 16% to total revenue [3]. - Total revenue for the first half of 2022 reached HKD 229,616 million, an increase of 8% compared to HKD 212,386 million in the same period of 2021 [7]. - Total revenue for the six months ended June 30, 2022, was HKD 229,616 million, an increase of 8% from HKD 212,386 million in the same period of 2021 [11]. - Total revenue for the first half of 2022 was HKD 39,407 million, a decrease of 9% compared to HKD 43,160 million in the first half of 2021 [47]. - Total revenue for the six months ended June 30, 2022, was HKD 131,358 million, a decrease from HKD 135,496 million in the same period of 2021, representing a decline of approximately 2.1% [127]. EBITDA and EBIT - EBITDA for the same period was reported at HKD 58,244 million, with a basic benchmark of HKD 53,106 million [4]. - EBIT for the six months ended June 30, 2022, was HKD 34,515 million, with a basic benchmark of HKD 29,377 million [6]. - EBITDA for the first half of 2022 was HKD 70,525 million, reflecting a 3% growth from HKD 68,167 million in the previous year [7]. - The EBIT for the first half of 2022 amounted to HKD 37,648 million, an increase of 8% from HKD 34,809 million in the same period of 2021 [7]. - EBITDA for the same period was HKD 58,244 million, up 5% from HKD 55,590 million year-on-year [12]. - EBIT totaled HKD 34,515 million, reflecting a 5% increase compared to HKD 32,773 million in the previous year [12]. - EBITDA for the first half of 2022 was HKD 58.24 billion, up from HKD 55.59 billion in the same period of 2021 [90]. - The company’s EBITDA margin for the first half of 2022 was approximately 46% compared to 100% in the previous year, indicating a shift in profitability [160]. Profit and Net Income - The net profit attributable to ordinary shareholders was HKD 19,088 million, a 4% increase from HKD 18,300 million in the previous year [7]. - The reported profit attributable to shareholders was HKD 17,740 million, a decrease of 4% from HKD 18,443 million in 2021 [12]. - The company reported a profit of HKD 19,088 million for the six months ended June 30, 2022 [132]. - The profit attributable to ordinary shareholders was HKD 19,088 million, up from HKD 18,300 million in 2021, reflecting a growth of approximately 4.3% [127]. - The company reported a net profit of $2.898 billion for the six months ended June 30, 2022, compared to $2.641 billion in the same period of 2021, representing an increase of approximately 9.8% [130]. Segment Performance - The port and related services segment generated revenue of HKD 22,651 million, up 14% from HKD 19,933 million in the previous year [7]. - Retail infrastructure revenue increased by 3% to HKD 84,905 million, compared to HKD 82,621 million in the same period of 2021 [7]. - CK Hutchison Group Telecom reported a revenue decline of 9% to HKD 41,817 million, down from HKD 45,826 million in the previous year [7]. - The financial and investment segment revenue surged by 47% to HKD 46,804 million, compared to HKD 31,858 million in the same period of 2021 [7]. - The telecommunications segment, CK Hutchison Group Telecom, reported revenue of HKD 41,817 million, down 9% from HKD 45,826 million in 2021 [11]. - The port division is implementing a decarbonization plan to achieve net-zero emissions, including upgrading existing infrastructure [15]. - The retail segment operated 16,244 stores across 28 markets as of June 30, 2022, reflecting a 1% decrease from the end of 2021 [16]. Market Strategy and Outlook - The company is focusing on market expansion and new product development as part of its growth strategy [2]. - Future outlook includes continued investment in technology and potential acquisitions to enhance market presence [2]. - The company is expanding its logistics business and aims to diversify revenue sources through strategic partnerships [15]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth [170]. - The company continues to face challenges from currency fluctuations and inflationary pressures, particularly in Europe [14]. - The outlook for the global economy remains cautious due to inflation and growth slowdown, but the group expects to maintain stable growth in the second half of the year [29]. Financial Position and Capital Management - The group's total cash and liquid investments reached HKD 119.91 billion, while total bank and other debts amounted to HKD 288.38 billion, resulting in a net debt of HKD 168.39 billion, with a net debt to total equity ratio of 20.5% [27]. - The group aims to reduce its net debt to total equity ratio to 17.5% following the completion of the UK tower transaction in August 2022 [27]. - The group's interest expenses and financing costs for the first half of 2022 amounted to HKD 7.87 billion, a 9% increase year-on-year [69]. - The weighted average cost of debt for the group was 1.8% as of June 30, 2022, compared to 1.6% in the previous year [69]. - The company aims to enhance long-term returns for stakeholders through sustainable profit and cash flow growth, focusing on capital management and strategic alliances in technology sectors [99]. Shareholder Information - The company declared an interim dividend of HKD 0.84 per share, a 5% increase from HKD 0.80 per share in the previous year [11]. - As of June 30, 2022, the total number of shares held by Li Ka-Shing is 1,165,421,760, representing approximately 30.39% of the company's equity [101]. - The report indicates that the actual performance may differ significantly from the forward-looking statements due to risks and uncertainties [100]. - The company has a diverse range of equity interests among its directors, with various family and personal holdings detailed in the report [101]. Risks and Compliance - The report emphasizes the importance of understanding the risks associated with forward-looking statements and the potential for significant deviations from expected performance [100]. - The company maintained compliance with the corporate governance code as per the Hong Kong Stock Exchange regulations [121]. - The board of directors has adopted a standard code for securities transactions, ensuring compliance during the reporting period [122].

Financial Performance - The total revenue for 2021 reached HKD 445,383 million, with a 16% increase year-on-year[12]. - Total revenue reached HKD 445,383 million, a 10% increase from HKD 403,846 million in the previous year[16]. - The company reported a net profit of HKD 33,500 million, representing a 16% increase from HKD 29,000 million in the previous year[16]. - The group reported a profit attributable to ordinary shareholders of HKD 33.5 billion for 2021, representing a 16% increase compared to 2020[29]. - The reported profit for 2021 was HKD 33.48 billion, representing a 15% increase from HKD 29.14 billion in 2020[50]. - The group’s total EBITDA for the year was HKD 135.65 billion, an increase from HKD 122.35 billion in 2020[50]. - The company achieved a profit before tax of HKD 49,977 million, which is a 29% increase from HKD 38,713 million in 2020[53]. - The company reported a net profit attributable to shareholders of HKD 4 million, with EBITDA and EBIT decreasing by 18% and 71% year-over-year, respectively, mainly due to declining roaming revenues[139]. Revenue Breakdown - The retail segment revenue was HKD 173,601 million, accounting for 39% of total revenue, with a 9% year-over-year increase[16]. - Revenue from mainland China was HKD 38,111 million, accounting for 21% of the total revenue[12]. - Port and related services generated HKD 42,285 million in revenue, a 29% increase from HKD 32,865 million[16]. - Financial and investment segment revenue rose by 23% to HKD 72,036 million from HKD 58,760 million[16]. - The telecommunications segment reported revenue of HKD 92,575 million, a 2% increase from HKD 90,663 million[16]. - Total revenue for the retail segment reached HKD 173,601 million in 2021, a 9% increase from HKD 159,619 million in 2020[78]. - The total revenue for the European segment increased to HKD 13,332 million in 2021, up 24% from HKD 10,782 million in 2020[69]. - Total revenue for the Asian, Australian, and other segments increased by 10% to HKD 18,060 million in 2021, compared to HKD 16,441 million in 2020[70]. EBITDA and EBIT - The EBITDA for 2021 amounted to HKD 111,227 million, reflecting a 65% contribution from the UK market[13]. - EBITDA totaled HKD 111,227 million, reflecting a 15% growth compared to HKD 96,944 million last year[16]. - EBITDA for 2021 was HKD 135,653 million, up from HKD 122,348 million in 2020[17]. - EBITDA for the group was HKD 43.052 billion, down 11% from HKD 48.540 billion in 2020[119]. - The group’s EBITDA margin (excluding mobile revenue) was 40% for the year[126]. - The overall retail segment's EBIT increased by 14% in 2021 compared to 2020[87]. - EBIT increased by 20% to HKD 64,744 million from HKD 53,854 million in the prior year[16]. - EBIT for the year was HKD 64,744 million, reflecting a 20% increase from HKD 53,854 million in 2020[52]. Market Expansion and Investments - Future outlook includes continued expansion in retail and telecommunications sectors, leveraging technological advancements[11]. - The company plans to invest in and operate a port in Saudi Arabia, enhancing its market presence in the region[24]. - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[54]. - The company plans to continue expanding its retail presence and investing in new product development to drive future growth[106]. - The company expanded its retail network in Hong Kong to over 500 points of sale, including partnerships with major retailers[24]. - The company has entered a new regulatory period for several regulated businesses in the UK and Australia, resulting in reduced revenue and allowed returns[110]. Sustainability and Technology - The company emphasizes sustainability and the adoption of new technologies to address environmental and social responsibilities[7]. - The group’s core sustainable development goals will continue to be emphasized, with a focus on achieving net-zero emissions targets[48]. - The company continues to focus on reducing customer churn and enhancing service offerings to improve customer retention[121]. - The company continues to adapt to market changes and maintain a strong financial position despite global economic challenges[156]. Customer Metrics - The number of retail stores increased to 16,398 in 2021, up from 16,167 in 2020, representing a 1% growth[78]. - The loyalty membership in the health and beauty products segment grew to 141 million in 2021, up from 138 million in 2020, with a sales participation rate of 64%[80]. - Total active customers for Hutchison Asia Telecom reached approximately 56.2 million as of December 31, 2021, a decrease of 1% compared to 2020, primarily due to the operating environment in Indonesia[45]. - The total registered customer count in the UK as of December 31, 2021, was 13,147 thousand, with a growth of +5% from June 30, 2021[128]. Debt and Financial Management - The group maintained a strong financial position with cash holdings of HKD 8.1 billion and a net debt to total capital ratio of 14.7% as of December 31, 2021[111]. - The group’s cash and cash equivalents accounted for 95% of current assets, an increase from 94% in 2020[177]. - The group’s net debt as of December 31, 2021, was HKD 168.69 billion, a decrease from HKD 185.13 billion in 2020[174]. - The group recorded current and deferred tax expenses of HKD 9.58 billion in 2021, an increase from HKD 1.47 billion in 2020, mainly due to prior year adjustments and increased pre-tax profits[155]. - The group has a policy against early repayment of debt due to changes in credit ratings[166]. Operational Challenges - The pandemic continues to pose significant risks to the group's operations, including potential declines in throughput at ports and reduced foot traffic at retail stores due to factory closures and decreased demand in Europe and the US[198]. - Uncertainty remains regarding the long-term adverse effects of the pandemic on the global economy and financial markets, which may impact the group's operational performance, cash flow, and financial condition[199]. - The company's revenue from tower assets decreased by 2% year-over-year, totaling HKD 86.972 billion in 2021 compared to HKD 85.786 billion in 2020[125].

Financial Performance - Total revenue for the six months ended June 30, 2021, was HKD 212,386 million, representing a 15% increase[3] - EBITDA for the same period was HKD 38,974 million, with a significant contribution from Europe at HKD 29,187 million[3] - EBIT for the six months was reported at HKD 32,773 million, with European operations contributing HKD 15,701 million[4] - The company recorded a non-cash goodwill impairment of HKD 15,500 million related to its telecommunications business in Italy[4] - Total revenue for the six months ended June 30, 2021, was HKD 212,386 million, representing a 12% increase from HKD 189,942 million in the same period of 2020[6] - EBITDA for the same period increased by 15% to HKD 68,167 million, up from HKD 59,341 million[8] - Profit attributable to ordinary shareholders was HKD 18,300 million, a 41% increase from HKD 13,000 million in the same period last year[8] - The company reported a 33% increase in profit before tax, amounting to HKD 25,576 million, up from HKD 19,243 million in the previous year[6] - Reported profit for the six months ended June 30, 2021, was HKD 18,300 million, representing a 40.0% increase from HKD 13,000 million in 2020[11] - The group reported a total revenue of HKD 199.33 billion for the first half of 2021, representing increases of 24%, 26%, and 38% year-on-year[13] Revenue Breakdown - The revenue breakdown by region shows Europe at HKD 109,138 million, China at HKD 16,903 million, and Hong Kong at HKD 20,200 million[3] - The retail segment reported revenue of HKD 82,621 million, a 12% increase compared to HKD 73,627 million in the previous year[6] - The infrastructure segment's revenue grew by 10% to HKD 27,798 million, compared to HKD 25,181 million in the previous year[6] - The financial and investment segment reported a revenue increase of 14%, reaching HKD 31,858 million, up from HKD 27,880 million[6] - The telecommunications segment, specifically Hutchison Asia Telecom, experienced a revenue decline of 4%, with figures at HKD 4,350 million compared to HKD 4,521 million[6] Strategic Initiatives - The company plans to expand its market presence in Asia, Australia, and other regions, which generated HKD 32,761 million in revenue[3] - Future outlook includes potential mergers and acquisitions to enhance market share and operational efficiency[4] - The company is focusing on new product development and technological advancements to drive growth[4] - The group plans to continue share buyback programs and explore new investment opportunities to maximize long-term sustainable value for shareholders[24] - The company expects continued growth driven by strong consumer demand and market recovery across regions[33] Operational Efficiency - The financial performance indicates a strong recovery trajectory post-pandemic, with a 6% growth in EBITDA compared to the previous period[4] - The company aims to maintain a robust capital structure while exploring strategic investments in high-growth sectors[4] - The group’s total cash and liquid investments amounted to HKD 190.46 billion, with total bank and other debts at HKD 354.71 billion, resulting in a net debt of HKD 164.28 billion, down from HKD 205.87 billion as of June 30, 2020[24] - The group’s net debt to total net capital ratio improved to 19.9% from 25.1% as of June 30, 2020[24] - The group’s total revenue, EBITDA, and EBIT for the first half of 2021 were HKD 199.33 billion, HKD 69.83 billion, and HKD 47.69 billion respectively, representing increases of 24%, 26%, and 38% year-on-year[13] Market Expansion - The company plans to expand its market presence through strategic acquisitions and new technology developments in the upcoming quarters[1] - The group has identified four key sustainability goals for 2021-2022, including actions to address climate change and investment in sustainable business models[25] - The group established a 50/50 joint venture with Yantian Port Group to develop and manage a new container terminal in Shenzhen, enhancing its operational capacity[14] - The company continues to evaluate its financial performance based on both IFRS 16 and previous accounting standards to ensure comprehensive reporting[11] - The company is committed to long-term investment ratings and balanced debt repayment[102] Shareholder Returns - The interim dividend per share was increased to HKD 0.800, up 30% from HKD 0.614 in 2020[11] - The group’s total equity and perpetual capital securities increased to HKD 538.19 billion as of June 30, 2021, compared to HKD 518.97 billion on December 31, 2020, reflecting the group's profit for the first half of 2021[93] - The company paid dividends of HKD 6.555 billion for the year 2020, impacting the equity[134] - The company focuses on sustainable profit, cash flow, and dividend growth while maintaining financial strength and stability[102] - The company anticipates continued growth in revenue and EBITDA for the remainder of 2021, driven by market expansion and new product launches[49] Customer Base and Loyalty - The retail division operated 16,206 stores across 27 markets, a 2% increase year-on-year, with total revenue reaching HKD 82.62 billion, up 12% from the previous year[15] - The number of loyalty members in the retail sector rose to 140 million, accounting for 66% of total sales[15] - The total number of loyal members in the health and beauty products segment increased to 139 million, up from 136 million year-over-year[38] - The sales participation rate of loyal members in the health and beauty products segment rose to 64%, compared to 63% in the previous year[38] - The active customer base of CK Hutchison's telecommunications subsidiary in Hong Kong and Macau reached approximately 3.2 million as of June 30, 2021[22] Sustainability and Environmental Goals - Cheung Kong Infrastructure aims to achieve net-zero emissions and is leading hydrogen energy development in the UK and Australia[18] - The group has made significant progress in carbon reduction targets and investments, including acquiring Canadian wind power facilities and trialing hydrogen fuel cell technology[26] - The company has identified sustainability as a key focus area, with plans to address climate change and invest in sustainable business models[25] - The group has established foreign exchange swap arrangements amounting to HKD 29.64 billion to mitigate foreign exchange risk[78] - The company emphasizes technology transformation as a key initiative to capture new cost and revenue opportunities across all businesses[102]

Financial Performance - The total revenue for 2020 reached HKD 403,846 million, with a growth of 8% compared to the previous year[17]. - The total revenue for 2020 was HKD 403,846 million, representing an 8% decrease from HKD 439,856 million in 2019[21]. - Revenue from the Hong Kong market amounted to HKD 38,268 million, representing 52% of total revenue[17]. - The China market generated HKD 32,589 million in revenue, accounting for 8% of total revenue[17]. - Revenue from the retail segment was HKD 159,619 million, accounting for 40% of total revenue, down 6% from HKD 169,225 million in 2019[21]. - The telecommunications segment, CK Hutchison Group Telecom, generated revenue of HKD 31,179 million, which is 8% of total revenue, down 35% from HKD 47,618 million in 2019[21]. - The energy segment reported a significant drop of 35% in revenue to HKD 31,179 million compared to HKD 47,618 million in the previous year[22]. - The group reported a net profit attributable to ordinary shareholders of HKD 29 billion for 2020, a decrease of 27% compared to 2019[29]. - The basic earnings attributable to shareholders fell by 27% to HKD 29,143 million from HKD 39,830 million in 2019[23]. - The company reported a net profit of HKD 29,000 million, a decrease of 28% from HKD 39,888 million in the previous year[21]. EBITDA and EBIT - The total EBITDA for 2020 reported was HKD 96,944 million, a decrease of 13% compared to HKD 112,068 million in 2019[21]. - EBITDA decreased by 10% to HKD 122,348 million from HKD 136,049 million year-on-year[22]. - The energy segment reported an EBITDA of HKD (23,003) million, reflecting a significant decline of 835% compared to HKD 3,139 million in 2019[21]. - EBITDA from the port and related services was HKD 10,914 million, down 19% from HKD 13,405 million in 2019[21]. - The retail sector's EBITDA and EBIT for 2020 were HKD 14.39 billion and HKD 10.93 billion, representing decreases of 15% and 20% respectively[34]. - EBITDA for the infrastructure sector amounted to HKD 29.06 billion, a 2% increase from 2019, while EBIT decreased by 4% to HKD 18.48 billion[35]. - EBIT total decreased by 23% to HKD 58,304 million in 2020 from HKD 75,344 million in 2019[48]. Market and Operational Highlights - The port and related services segment handled a total throughput of 83.7 million TEUs in 2020[11]. - The retail division operates over 16,000 stores across 27 markets, making it the largest international health and beauty retailer[13]. - The company operates in approximately 50 countries with over 300,000 employees[10]. - The company launched 5G services in multiple regions including Hong Kong, Sweden, Denmark, and Italy[27]. - The group’s digital sales grew by 90% in 2020, driven by the integration of physical stores and online channels[34]. - The company established a new container terminal in Egypt with a total length of 1,200 meters and a 38-year concession agreement, expected to commence operations in 2022[76]. - The throughput in the second half of 2020 increased by 16% compared to the first half of 2020, indicating a recovery in trade volumes[56]. Debt and Financial Position - The company’s total assets increased to HKD 1,254,596 million, up from HKD 1,210,976 million in 2019[23]. - The net debt to total equity ratio improved to 22.2% from 24.8% in the previous year[23]. - The group maintained a strong financial position with cash holdings of HKD 13.5 billion as of December 31, 2020, and a net debt to total capital ratio of 13.1%[121]. - The group has a total net debt of HKD 185.298 billion, with 89% and 1% of this debt denominated in euros and British pounds, respectively[188]. - The weighted average cost of debt for 2020 was 1.7%, down from 2.1% in 2019[171]. - The group’s financing cash inflow net amount was HKD 48.73 billion, a significant increase of 208% from HKD 15.82 billion in the previous year[195]. Strategic Initiatives and Future Outlook - The group plans to continue strict cost control and focus on health and operational safety amid ongoing market uncertainties[33]. - The group expects to maintain a strong financial position in 2021, with a projected further decrease in the net debt to total equity ratio following the completion of various transactions[44]. - The group aims to optimize its retail "online and offline" platform strategy and maintain strict cost control to improve free cash flow significantly compared to 2019[44]. - The group plans to enhance digital and access solutions to adapt to changing customer demands in 2021[173]. COVID-19 Response - The group has implemented a series of safety measures for employees and customers in response to the COVID-19 pandemic, including financial assistance for customers[43]. - Watsons Group repurposed part of its facilities in Hong Kong to produce its own brand of masks in response to COVID-19[27].

Revenue Performance - Total revenue for the six months ended June 30, 2020, was HKD 189,942 million[6]. - Total revenue for the six months ended June 30, 2020, was HKD 189,942 million, a decrease of 12% compared to HKD 217,062 million for the same period in 2019[10]. - Total revenue for the first half of 2020 was HKD 124,651 million, a decrease of 15.4% compared to HKD 147,620 million in the same period of 2019[128]. - Total revenue decreased by 9% to HKD 16.03 billion, while EBITDA fell by 14% to HKD 5.54 billion compared to the same period in 2019[36]. - Total revenue for the first half of 2020 was 1,116 million GBP, a decrease of 4% compared to 1,167 million GBP in the first half of 2019[59]. Segment Performance - Revenue from Europe was HKD 97,294 million, accounting for 51% of total revenue[6]. - Revenue from Mainland China was HKD 14,932 million, representing a 7% increase[6]. - Revenue from Hong Kong was HKD 18,710 million, contributing 10% to total revenue[6]. - The retail segment revenue decreased by 11% to HKD 73,627 million from HKD 83,161 million year-on-year[10]. - The total revenue from the Ports and Related Services segment was HKD 16,031 million, a 9% decrease from HKD 17,550 million in 2019[13]. Profitability Metrics - EBITDA for the same period amounted to HKD 46,946 million[7]. - EBITDA for the six months ended June 30, 2020, was HKD 46,946 million, down 13% from HKD 53,988 million in the previous year[10]. - The basic earnings per share dropped by 93% to HKD 351 from HKD 4,713 in the same period last year[10]. - The company reported a net profit attributable to shareholders of HKD 13,168 million, down 28% from HKD 18,200 million in the same period last year[10]. - The company reported a net profit attributable to ordinary shareholders of HKD 13,000 million, a decrease of 29% from HKD 18,324 million in 2019[13]. Financial Health - The group's net debt to total capital ratio improved by 1.1% to 25.1% due to higher free cash flow and reduced financing costs[16]. - The group's total cash and liquid investments amounted to HKD 149.01 billion, while total bank and other debts reached HKD 354.89 billion, resulting in a net debt of HKD 205.87 billion, with a net debt to total equity ratio of 25.1%[32]. - The group recorded a net profit attributable to shareholders of HKD 9.2 billion for the first half of 2020, following the dilution of its stake in VHA to 22.01% after the merger with TPG[32]. - The group's current assets increased by 3% to HKD 149.015 billion from HKD 144.849 billion at the end of 2019, primarily due to positive cash generated from operations[88]. - The group’s total assets as of June 30, 2020, were valued at HKD 597.63 billion, slightly up from HKD 596.963 billion at the end of 2019[87]. Market Strategy and Outlook - The company plans to expand its market presence in Asia and Australia, which contributed 25% to total revenue[6]. - The company is focusing on new product development and technology innovation to drive future growth[6]. - The group plans to focus on restoring revenue growth while maintaining strict yet flexible cost and capital expenditure controls[34]. - The group anticipates potential improvements in the operating environment in the second half of 2020, contingent on the continuation of recent recovery trends[34]. - The company aims to enhance long-term shareholder returns through predictable earnings, cash flow, and dividend growth while maintaining financial strength and stability[101]. Challenges and Risks - The company experienced a significant decline in sales due to temporary store closures and reduced customer traffic starting in February 2020[43]. - The group's energy business is expected to face operational pressure due to low oil prices and an unpredictable oil market outlook[34]. - The company reported a significant loss in the Husky Energy segment, with an EBITDA of (HKD 2,751 million) compared to a profit of HKD 4,713 million in the previous year[159]. - The company expects continued challenges in the retail and energy sectors due to market conditions, impacting future revenue growth[158]. - The company emphasizes the importance of past performance as historical data and does not guarantee future results, highlighting the risks and uncertainties involved[102]. Corporate Governance - The company emphasizes the importance of effective corporate governance to enhance shareholder value and protect stakeholder interests[120]. - The company has adhered to all corporate governance codes as per the Hong Kong Stock Exchange regulations during the reporting period[121]. - The company's governance framework is designed to foster a culture of high integrity and accountability[120]. - The board of directors and senior management hold significant shares, with the largest shareholder holding approximately 30.22% of the total shares[104]. - The company has not disclosed any new product developments or market expansion strategies in the provided reports[116].

Financial Performance - The total revenue for 2019 was HKD 439,856 million, with Europe contributing HKD 212,348 million, representing 40% of total revenue[15]. - Total revenue for the company was HKD 439,856 million, a decrease of 3% compared to HKD 453,230 million in the previous year[19]. - The company reported a net profit of HKD 39,888 million, a 2% increase from HKD 39,000 million in the previous year[19]. - The basic earnings attributable to ordinary shareholders was HKD 39,830 million, up 2% from HKD 39,000 million in 2018[21]. - The total assets amounted to HKD 1,136,437 million, with net assets of HKD 1,210,976 million[21]. - The company incurred a one-time impairment charge of HKD (5,983) million related to Husky Energy[19]. - The company reported a basic profit attributable to ordinary shareholders of HKD 39,830 million, a 2% increase from the previous year[50]. - The group reported an EBITDA of HKD 112.068 billion for 2019, with 55% of this revenue coming from European operations, including 22% from the UK[171]. Revenue Segmentation - Retail segment revenue increased to HKD 169,225 million, accounting for 38% of total revenue, with a growth of 4% year-over-year[19]. - The telecommunications segment, CKH Group Telecom, contributed HKD 93,517 million, which is 21% of total revenue, reflecting an 8% increase year-over-year[19]. - The port and related services segment generated an EBITDA of HKD 13,405 million, representing 12% of total EBITDA, with a 3% increase year-over-year[19]. - The infrastructure segment saw a significant decline in revenue to HKD 51,191 million, down 21% from HKD 64,724 million[19]. - Total revenue for the retail division was HKD 169.25 billion, with EBITDA and EBIT at HKD 16.89 billion and HKD 13.71 billion, reflecting increases of 4% and 5% respectively[30]. - The health and beauty segment accounted for 84% of retail revenue, with local currency sales growth of 6% driven by a 5% increase in store count and a 2.4% increase in same-store sales[30]. Customer Metrics - The group has 10.3 million active customers in the UK and 2.4 million active customers in Ireland[13]. - The total number of active customers for the European 3 Group was 40.6 million, a decrease of 5% from 2018, primarily due to a decline in Wind Tre's customer base[35]. - The total number of active customers in Europe 3 Group decreased by 6% year-over-year, totaling 23,271[134]. - The active customer base as of December 31, 2019, was 40.6 million, a decrease of 5% from 2018 due to competitive pressures in Italy[126]. Operational Highlights - The total throughput handled by the group's ports reached 86 million twenty-foot equivalent units in 2019[13]. - The group has 290 operational berths across 52 ports in 27 countries, including six of the world's ten busiest ports[13]. - The number of operating berths increased to 290, up from 288, enhancing the capacity for handling containers[50]. - The company processed a total of 86 million TEUs in 2019, maintaining a strong position among the world's busiest container ports[49]. Dividends and Shareholder Returns - The board proposed a final dividend of HKD 2.23 per share, maintaining the same level as the previous year[28]. - The company declared a dividend of CAD 0.50 per common share for 2019, an 11% increase from CAD 0.45 in 2018[33]. - The company declared a final dividend of HKD 2.30 per share, maintaining the same level as the previous year[40]. Strategic Initiatives - The group plans to maintain resilience and competitiveness through technological measures and strategic partnerships amid ongoing trade tensions and supply chain disruptions[29]. - The group is actively involved in infrastructure investments across various sectors, including energy, transportation, and waste management[14]. - The group completed the installation of a new 440-kilometer Tanami gas pipeline, enhancing Australia's natural gas infrastructure[25]. - The group’s strategic partnership with Tencent and Yonghui Superstores led to the opening of the first "ParknShop Yonghui" supermarket in Guangzhou[25]. Challenges and Risks - The company faced challenges in the second half of 2019 due to a difficult trading environment in Hong Kong and adverse foreign exchange impacts[71]. - The group reported a significant exposure to global economic conditions, which could negatively impact its financial status and operational performance[189]. - The group faces intense competition across its various markets, including price competition from existing competitors and new entrants, which may adversely affect its financial condition and operational performance[194]. - The group is subject to strict licensing and regulatory requirements for infrastructure investments, and non-compliance may lead to fines or revocation of licenses[199]. Investments and Assets - The energy division has significant assets, with a focus on investments in Canada and the Asia-Pacific region[14]. - The group has a diversified portfolio in infrastructure projects, including a 50% stake in various power networks in Australia[165]. - The group holds a total of 10 MHz, 16.6 MHz, and 23.2 MHz of available spectrum in Hong Kong, Macau, and Indonesia, respectively[168]. - The group has a 50/50 joint venture with TPG in Australia, holding a significant amount of spectrum across various frequency bands[168].

Revenue Performance - Total revenue for the six months ended June 30, 2019, was HKD 217,062 million[5] - Revenue from Europe amounted to HKD 104,206 million, representing a 39% increase[5] - Revenue from Mainland China was HKD 19,488 million, showing an 8% growth[5] - Revenue from Hong Kong reached HKD 19,564 million, with a 6% increase[5] - Total revenue for the six months ended June 30, 2019, was HKD 217,062 million, a decrease of 3% from HKD 224,507 million in the same period of 2018[13] - Retail segment revenue was HKD 83,161 million, accounting for 38% of total revenue, down 1% from HKD 83,874 million[15] - The European 3 Group saw a revenue increase of 20%, reaching HKD 43,464 million, compared to HKD 36,124 million in 2018[13] - The telecommunications segment in Hong Kong reported a revenue decline of 37% to HKD 2,515 million[13] - Total revenue for the first half of 2019 was HKD 17.55 billion, remaining relatively unchanged compared to the same period last year[21] - Total revenue for the first half of 2019 was HKD 17,550 million, a decrease of 1% compared to HKD 17,591 million in the same period last year, but an increase of 5% when calculated in local currency[33] - Revenue from the European 3 Group amounted to HKD 43,459 million, and Hong Kong Telecommunications Holdings generated HKD 2,515 million[156] - Revenue from Mainland China was HKD 79,924 million, representing a significant portion of total revenue[159] Profitability Metrics - Total EBIT for the six months ended June 30, 2019, was HKD 34,238 million[10] - EBIT from Europe was HKD 19,581 million, accounting for 57% of total EBIT[10] - EBIT from Mainland China was HKD 4,405 million, contributing 13% to total EBIT[10] - EBITDA for the six months ended June 30, 2019, was HKD 65,689 million, an increase of 19% from HKD 55,350 million in the previous year[15] - EBITDA for the same period was HKD 65,689 million, reflecting an increase of 24% from HKD 55,350 million year-on-year[17] - EBIT totaled HKD 36,268 million, up 8% from HKD 35,388 million in the previous year[17] - Profit attributable to ordinary shareholders was HKD 18,324 million, representing a 7% increase from HKD 18,020 million in the prior year[17] - The company reported a net profit attributable to ordinary shareholders of HKD 18,200 million, a slight increase of 1% from HKD 18,020 million[13] - The company reported a profit attributable to ordinary shareholders of HKD 18,324 million, slightly up from HKD 18,020 million in the same period last year[186] Market Expansion and Strategic Initiatives - The company plans to expand its market presence in Asia and Australia, targeting a 15% revenue growth in these regions[5] - New product development initiatives are expected to enhance revenue streams in the upcoming quarters[5] - The company is exploring potential acquisitions to strengthen its market position and diversify its portfolio[5] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[16] - The company is focused on enhancing productivity and cost efficiency while seeking opportunities for global business expansion in the port and related services sector[21] - The company plans to continue its market expansion and product development strategies to enhance future growth prospects[145] - The group plans to continue expanding its market presence and exploring new investment opportunities in various sectors[165] Financial Position and Capital Structure - The group reported a consolidated cash and liquid investments totaling HKD 131.16 billion as of June 30, 2019, with total bank and other debts amounting to HKD 343.62 billion[29] - The net debt to total equity ratio was 26.2% as of June 30, 2019, slightly up from 26.0% at the end of 2018[29] - The group maintained long-term credit ratings of A2 (stable outlook) from Moody's, A (stable outlook) from S&P, and A– (stable outlook) from Fitch[80] - The group's total net debt was HKD 221.5 billion, with 84% and 2% of the debt denominated in Euro and GBP, respectively[78] - The group’s consolidated net debt as of June 30, 2019, was HKD 212.45 billion, a 2% increase from HKD 207.96 billion at the beginning of the year, primarily due to dividend payments and capital expenditures[89] - The total bank and other debts as of June 30, 2019, were HKD 343.62 billion, a decrease from HKD 352.68 billion as of December 31, 2018[85] - The group’s capital expenditure for the first half of 2019 was HKD 10.86 billion, down from HKD 13.11 billion in the same period of 2018[83] Shareholder Information - The company reported that Li Ka-Shing Unity Trustee Company Limited holds 1,003,380,744 shares, which allows it to exercise or control over one-third of the voting rights in related companies[101] - As of June 30, 2019, Li Ka-Shing holds a total of 1,163,393,260 shares, representing approximately 30.17% of the company's equity[99] - The total number of shares held by the directors and senior management includes 11,752,120 shares held by Michael Kadoorie, representing approximately 0.30% of the company's equity[100] - The company has a total of 5,611,438 shares held by Ho Kwan Ning, which accounts for approximately 0.15% of the total equity[99] - The report indicates that the past performance and forward-looking statements are based on current plans and estimates, which involve risks and uncertainties[98] Operational Efficiency and Cost Management - Interest expenses decreased by 13% to HKD (7,796) million from HKD (8,914) million[15] - The company is focused on enhancing productivity and cost efficiency while seeking opportunities for global business expansion in the port and related services sector[21] - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[170] Corporate Governance and Compliance - The company has adopted corporate governance principles to enhance shareholder value and ensure effective risk management and internal controls[126] - The company complied with all corporate governance code provisions except for the separation of roles between the chairman and the chief executive officer[127] - The company established a nomination committee on January 1, 2019, composed of all directors, which deviates from the code requiring a majority of independent non-executive directors[129] - The company’s interim financial statements were reviewed and found to comply with Hong Kong Accounting Standards[137] - The company reported no significant issues in its interim financial statements as of June 30, 2019, according to the review[137]

Financial Performance - The total revenue for 2018 was HKD 453,230 million, with a 5% increase from the previous year[12]. - Total revenue for the year 2018 reached HKD 453,230 million, representing a 9% increase from HKD 414,837 million in 2017[16]. - The company's net profit attributable to ordinary shareholders was HKD 39,000 million, up 11% from HKD 35,100 million in 2017[17]. - Earnings per share for 2018 was HKD 10.11, compared to HKD 9.10 in the previous year[17]. - The total assets increased to HKD 1,232,244 million from HKD 1,100,255 million in 2017[17]. - The company declared a total dividend of HKD 3.17 per share for the year, compared to HKD 2.85 in 2017[17]. - The total profit attributable to ordinary shareholders increased by 11% to HKD 39 billion for the year ended December 31, 2018, compared to HKD 35.1 billion in 2017[30]. - The EBITDA for the year was HKD 113,580 million, reflecting a 9% growth from HKD 104,354 million in 2017[16]. - The EBITDA and EBIT grew by 9% and 8% year-on-year, respectively, with all core sectors showing basic performance improvements[30]. Revenue Breakdown - The retail segment generated revenue of HKD 168,991 million, a 8% increase from HKD 156,163 million in 2017[16]. - The infrastructure segment's revenue rose to HKD 64,724 million, marking a 13% increase from HKD 57,369 million in 2017[16]. - The port and related services segment processed a total of 8.46 million TEUs in 2018, maintaining similar levels to 2017, with total revenue, EBITDA, and EBIT of HKD 35.175 billion, HKD 13.392 billion, and HKD 8.726 billion, representing increases of 3%, 7%, and 6% respectively[32]. - The retail segment operated 14,976 stores across 24 markets by the end of 2018, a 6% increase year-on-year, with total revenue, EBITDA, and EBIT of HKD 168.991 billion, HKD 16.164 billion, and HKD 13.078 billion, reflecting increases of 8%, 9%, and 8% respectively[33]. Operational Highlights - The group operates in 51 ports across 26 countries, handling a total throughput of 84.6 million TEUs in 2018[8]. - The active customer base reached approximately 42.9 million in 2018, with data usage around 3,013 petabytes[24]. - The group completed the acquisition of Wind Tre, enhancing profitability and cash flow[30]. - The group invested USD 600 million in advanced technology to make Thailand's D terminal the world's first fully remote-controlled container terminal[27]. - The group announced a partnership with WeLab to introduce consumer installment and loan services in Hong Kong[28]. Debt and Financial Management - The company reported a debt-to-equity ratio of 26.0%, up from 21.7% in the previous year[17]. - The company maintained a low refinancing requirement for 2019, with only 7% of total debt maturing within the year[41]. - The net debt to total equity ratio increased to 26.0% from 21.7% in 2017, primarily due to the redemption of certain perpetual securities[41]. - The group recorded a consolidated interest expense and other financing costs of HKD 18.025 billion, remaining stable compared to the previous year, with a weighted average cost of debt of 2.4%[184]. Market Expansion and Strategic Initiatives - Future growth is anticipated through market expansion and technological innovation across all core business sectors[7]. - The group plans to expand its collaboration with Alibaba in cloud computing and smart data[27]. - The company announced a joint venture with Yonghui Superstores and Tencent to establish a large-scale supermarket in Guangdong Province, expected to launch in the first half of 2019[106]. - The group aims to achieve stable profit growth through diversified core businesses and prudent financial strategies, with confidence in meeting these goals in 2019[185]. Telecommunications Sector - The telecommunications segment offers 4.5G, 4G, and 3G services, positioning the group as a leader in mobile data services[11]. - The active mobile customer base of HKT Holdings in Hong Kong and Macau was approximately 3.3 million as of December 31, 2018[38]. - The group plans to merge Vodafone Hutchison Australia with TPG Telecom to form a comprehensive telecommunications operator in Australia, pending regulatory approvals expected to be completed in 2019[40]. - VHA's EBITDA increased by 13.4% to AUD 1.1 billion, while the attributable loss to shareholders decreased from AUD 177.8 million in 2017 to AUD 124.4 million in 2018[183]. Retail and Consumer Insights - The loyalty program has 132 million members, contributing 62% of total revenue in 2018[82]. - The health and beauty products segment achieved a total sales growth of 10% due to a 6% increase in store count and a 2.1% increase in same-store sales, with EBITDA and EBIT growing by 9% and 7% respectively[34]. - Revenue from the China health and beauty products segment was HKD 23,855 million, a 10% increase year-on-year[85]. - The company operates various retail brands across multiple markets, including Watsons in Hong Kong and mainland China, and Rossmann in Germany and Poland[192]. Infrastructure Investments - The infrastructure business includes investments in energy, transportation, and waste management across multiple regions including Hong Kong and Canada[10]. - Husky Energy reported a net profit of CAD 1.457 billion for 2018, an 85% increase from CAD 786 million in 2017, despite a 7% decrease in average production to 299,200 barrels of oil equivalent per day[36]. - The group holds a 100% stake in several European ports, including the Amsterdam Container Terminal, with a throughput of 9.0 million TEUs[189]. - The company has a 35% stake in ista in Germany, which provides energy management services, showcasing its involvement in energy efficiency initiatives[193].