2020-04-07 09:38Financial 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].