S
PHERE
2
H U T C H I S O N U P D A T E S
HWL Annual Results
C O R P O R A T E
News
2001
89,038m
12,088m
2.84
1.73
2000
84,825m
34,118m
8.00
1.73
%
+5
-65
-65
–
Profit
attributable to
shareholders
q
$
Earnings
per share
$
$
$
Dividends
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
0
5
10
15
20
25
30
PORTS
ENERGY &
INFRASTRUCTURE
HK$ BILLIONS
TELECOMS
PROPERTY
& HOTELS
Turnover 2001
Turnover 2000
EBIT 2001
EBIT 2000
RETAIL &
MANUFACTURING
Turnover
(
HK$)
Profit attributable
to shareholders
Earnings
per share
Dividend
per share
3,838m
3,345m
2001
2000
0.63
0.60
3,323m
3,228m
1.47
1.43
Turnover
(
HK$)
Turnover
(
HK$)
Turnover
(
HK$)
EBITDA
Earnings
per share
Dividend
per share
626.6m
89.2m
2001
2000
–
–
(192.1m)
(462.4m)
(19.78
cents
)
(43.82
cents
)
Turnover
(A$)
418.6m
404.7m
2001
2000
–
–
(137m)
(92.5m)
Turnover
(US$*)
EBITDA
Operating
profit
Dividend
per share
736m
476.4m
2001
2000
–
–
148.6m
(13.3m)
23.3m
(122.3m)
Turnover
(
C$)
EBITDA
Basic earnings
per share
Dividend per
common share
6,627m
5,090m
2001*
2000
0.36
–
2,042m
1,499m
1.63
(diluted)
1.39
Husky Energy
HWL stake – 35.1%
Hutchison Telecommunications (Australia)
HWL stake – 58%
TOM.COM
HWL stake – 29%
Cheung Kong Infrastructure
HWL stake – 84.6%
* 2001 Figures reflect first full year of combined operations following Husky’s merger with Renaissance Energy
Partner Communications
HWL stake – 35% (Now 42.7% – see story p.5)
Net profit
after tax
Dividend
per share
Hutchison Whampoa Limited’s
consolidated net profit for the year
ended December 31, 2001 was HK$12,088 million (approximately
US$1,549 million).
Earnings per share were HK$2.84 (2000 – HK$8.00) with a total
dividend per share of HK$1.73, unchanged from the previous year.
Excluding profits on disposal of investments less provisions of
HK$3,124 million (2000 – HK$25,742 million), the Group’s profit
increased 7% over the previous year.
The results include profit of HK$30,000 million on disposal of the
Group’s investment in
VoiceStream
, and profit of HK$4,393 million
from the sale of approximately 695 million shares of
Vodafone
Group
and approximately 89 million shares of
Deutsche Telekom
pursuant to forward sales contracts for delivery in 2002.
Provisions for the year totalled HK$31,269 million, comprising
HK$1,500 million for certain property developments and HK$29,769
million for diminution in value of its equity investments. Turnover for
the Group’s core businesses totalled HK$89,038 million, a
5% increase over 2000. EBIT for the Group totalled HK$21,846
million, a 12% increase over 2000. The Group’s consolidated cash and
marketable securities amounted to HK$145,336 million,
approximately equal to the consolidated borrowings of HK$146,992
million. For full results, see
www.hutchison-whampoa.com/eng/investor2.htm
HUTCHISONWHAMPOA LIMITED
Hutchison Whampoa Limited (HWL) is the holding company
of the Hutchison Whampoa Group of companies. With origins
dating back to the 1800s, it is a Hong Kong-based multinational
corporation with a diversified portfolio. It is also part of the Li
Ka-shing group of companies, which together represent about 15% of
the total market capitalisation of the Hong Kong stock market. In
2001, HWL’s consolidated turnover (including associates) was
HK$89,038 million (approximately US$11,415 million) and net profit
was HK$12,088 million.
With over 120,000 employees worldwide, the Group operates and
invests in five core businesses in 36 countries: Ports & Related Services;
Telecommunications; Property & Hotels; Retail & Manufacturing; and
Energy & Infrastructure.
Turnover
HK$
*US$ figures converted from New Israeli Shekels at Dec. 31, 2001 exchange rate: US$1.00 equals NIS4.416
EBITDA
(112.9m)
(85.2m)
* Figures are for ICG Asia, which changed name to Hutchison Harbour Ring on Sept. 25, 2001.
Profit attributable
to shareholders
Earnings
per share
Dividend
per share
1.63
1.515
6,507m
5,535m
Profit attributable
to shareholders
Earnings
per share
Dividend
per share
1.5
cents
–
680.6m
(1,037.2m)
12.16
cents
(24.42
cents
)
Hongkong Electric Holdings
HWL stake – 38.87%
3.05
2.62
10,867m
10,634m
2001
2000
Hutchison Harbour Ring
HWL stake – 50.5%
70.4m
330.6m
2001
2000*
1,2,3 5,6,7,8,9,10,11,12,13,14,...30