2021-08-19 08:42Financial 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]