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2016 KEY FINANCIALS – MAINLAND CHINA
Information within this document is prepared on a 100% basis for subsidiaries of the Swire group, direct joint ventures of the Swire group and associated companies (which have services agreements in place with the Swire group).
# Figures above do not include amounts related to the group’s Marine Services businesses as geographical segmentation is not always possible.
^ A division may have negative capital employed. These figures have been excluded from the divisional breakdown.
Aviation
Trading & Industrial
Head Of�ce
Beverages & Food Chain
Property
Turnover by Division | 2016
US$M
Property
Aviation
Beverages & Food Chain
Trading & Industrial
Head Office
Property
Aviation
Beverages & Food Chain
Trading & Industrial
Head Office
Aviation
Trading & Industrial
Beverages & Food Chain
Property
Capital Employed by Division^ | 2016
US$M
Property
Aviation
Beverages & Food Chain
Trading & Industrial
Head Of�ce
Aviation
Trading & Industrial
Beverages& Food Chain
Property
Employees by Division | 2016
Turnover | 2012 – 2016
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
12 13 14 15 16
US$M
Capital Employed | 2012 – 2016
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
12 13 14 15 16
US$M
Employees | 2012 – 2016
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
12 13 14 15 16
The Swire group is a multinational, multi-disciplined commercial group, with its principal areas of
operations in the Asia Pacific region and centred on the Greater China area, where the name 太古 or Taikoo,
meaning “Great and Ancient”, is a household name. The group’s business activities can be grouped into
five categories: Property, Aviation, Beverages & Food Chain, Marine Services and Trading & Industrial.
Within Asia, Swire’s activities principally come under the group’s publicly quoted arm, Swire Pacific Ltd.
Elsewhere in the world, businesses are held by parent company, John Swire & Sons Ltd.
Swire first opened an office in Shanghai in 1866 and began trading in tea and silk and British imports of
cotton and woollen ‘piece goods’. Today, Swire’s interests on the Mainland range from property investment
and aircraft engineering to cold storage and retailing. Swire subsidiaries are partners to some of the
Mainland’s largest and most successful companies, including Sino-Ocean Land Holdings, the CITIC Group,
Air China, COFCO and the Guangdong Foodstuffs Import and Export (Group) Corporation. Other
international partners in Mainland China include The Coca-Cola Company, The Boeing Company, Akzo
Nobel and The Campbell Soup Company.
Employees 33,080
Capital Employed US$11,591m
Turnover US$6,126m
Swire Properties• A leading developer in Hong Kong and Mainland
China, with a well-established record of creating long-term value by developing and managing large-scale, mixed-use projects that transform urban areas.
• Listed on The Stock Exchange of Hong Kong Limited.
• Mainland China portfolio comprises a variety of retail-led, mixed-use projects in Beijing, Guangzhou, Chengdu and Shanghai.
• Wholly owned subsidiary Swire Hotels creates and manages intriguing urban hotels in Hong Kong and Mainland China.
2016 Major Property Portfolio in Mainland China
Property
0
200
400
600
800
1,000
1,200
09 10 11 12 13 14 15 16 1817
Gross �oor area(’000 sqm)
Completed Property Investment Portfolio – Mainland China
Project TypeTotal Area (sqm) Shareholding Date of Opening
Taikoo Li Sanlitun, Beijing
Shopping mallHotel
136,000 Swire Properties 100% Opened in phases in 2008
TaiKoo Hui, Guangzhou
Shopping mallOffice towerHotel (with serviced apartments)
357,000 Swire Properties 97%Guangzhou Daily 3%
Opened in phases in 2011
INDIGO, Beijing Shopping mallOffice towerHotel
176,000 Swire Properties 50%Sino-Ocean Land 50%
Opened in phases in 2011
Sino-Ocean Taikoo Li Chengdu, Chengdu
Shopping mallOffice towerHotel (with serviced apartments)
270,000 Swire Properties 50%Sino-Ocean Land 50%
Opened in phases in 2014
HKRI Taikoo Hui, Shanghai
Shopping mallOffice towerHotels / serviced apartments
322,000 Swire Properties 50%HKR International 50%
Opened in phases from 2016 onwards
Total GFA in Mainland China 1,261,000
Sino-Ocean Taikoo Li Chengdu, Chengdu The Temple House, Chengdu HKRI Taikoo Hui, Shanghai
Cathay Pacific Group• Includes Cathay Pacific Airways, wholly owned
regional carrier Cathay Dragon, 60%-owned all-cargo carrier AHK Air Hong Kong and an 18% associate interest in Air China.
• Listed on The Stock Exchange of Hong Kong Limited, Cathay Pacific Airways is Hong Kong’s flag carrier and one of the world’s leading international airlines.
• Cathay Pacific and Cathay Dragon together operate around 400 passenger flights and 14 freighter flights to and from Mainland cities every week.
Aviation
No. of round-trip flights to Mainland China
1820202020
0
100
200
300
400
12 13 14 15 16
No. of round-trip �ights(Weekly)
012345678
12 13 14 15 16
No. of passengers(Million)
No. of passengers carried to and from Mainland China
0
5
10
15
20
25
12 13 14 15 16
No. of destinations
No. of destinations in Mainland China
Air China Cargo• Cargo joint venture between Air China and
Cathay Pacific Airways, based in Shanghai to capture business opportunities out of the Yangtze River Delta region.
• Cathay Pacific owns an equity interest (25%) and an economic interest (24%).
HAECO Group• One of the world’s leading aircraft engineering and
maintenance providers, offering a comprehensive range of airframe, cabin, component and engine services through its 17 subsidiary and affiliated companies (11 of which are in Mainland China).
• HAECO is listed on The Stock Exchange of Hong Kong Limited.
• HAECO Xiamen operates one of the largest maintenance facilities in Asia at Xiamen Gaoqi International Airport. It is home to the Group’s private jet Cabin Completion Centre – Asia’s first and only facility to be approved by Airbus and licensed by Boeing. It is also one of the world’s most experienced passenger-to-freighter conversion centres.
Shanghai International Airport Services• A joint venture between Air China, Hong Kong
Airport Services, Shanghai Airport Authority and Shanghai International Airport Co., Ltd.
• Provides airport ground handling services at Shanghai Pudong International Airport and Shanghai Hongqiao International Airport.
Beijing
Jinan
Chengdu
Xiamen
Chongqing
Zhengzhou
Jinjiang
NanjingShanghai
Tianjin
Airframe Services
Component Services
Engine Services
Cabin Solutions
HAECO Group Services
Yinchuan
2016 HAECO Group Service Locations in Mainland China
AIRCRAFT ENGINEERING AND MAINTENANCE
GROUND SERVICES
AIRLINES
Note: Figures shown in the above charts do not include joint-operating and codeshare services.
Cathay Pacific and Cathay Dragon Network – Mainland China (at 30th June 2017)
#
Beijing
Zhengzhou
Chengdu
Xiamen
Chongqing
Xi’an
Changsha
GuangzhouGuilinKunming Fuzhou
HaikouSanya
NingboWenzhou
WuhanHangzhou
NanjingShanghai
Hong Kong
Qingdao#
## #
#
Passenger destination
Freighter destination
Joint-operating and codeshare services are not shown.
Beverages & Food Chain
Expansion of Franchise Territories – Mainland China (at 1st July 2017)
Henan Jiangsu
Anhui
Zhejiang
Fujian
Guangdong
LegacyFranchise territories expanded in 2017
YunnanGuangxi
Hubei
Jiangxi
Hainan
Shanghai
Sales Volume & Franchise Population – Mainland China
0
200
400
600
800
1,000
0
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200
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400
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12 13 14 15 16
Unit cases(Million)
Population(Million)
Sales volume Franchise population
BEVERAGES
Swire Beverages• A strategic partner of The Coca-Cola Company
and one of the two Coca-Cola bottlers in Mainland China.
• 2016 sales volume in Mainland China was 820 million unit cases, covering a franchise population of around 420 million people.
• In 2017, Swire Beverages has significantly increased its Coca-Cola franchise territories and its subsidiaries now operate 18 plants across 11 provinces and Shanghai Municipality in Mainland China.
2016 Per Capita Consumption in Franchise Territories – Mainland China
Population(millions)
GDP percapita(US$)
Sales volume(million unit cases)
2016 2006
Guangdong 80.4 12,532 191 127
Zhejiang 50.9 11,895 144 107
Henan 94.8 5,836 135 34
Jiangsu 55.5 12,102 106 61
Fujian 38.7 10,806 96 42
Anhui 62.0 5,522 89 21
Shaanxi 38.1 7,459 59 23
57 5168 5534 846 2759 2734 837 15
0 10 20 30 40 50 60 8070
Per Capita Consumption of Coca-Cola Beverages (8oz servings)
2016
2006
Note: A unit case comprises 24 8oz servings.
Swire Foods GroupInvests in and manages the development of various food categories.
Swire Foods Trading
• Distributes food products under the “Taikoo” brand and other brands in Mainland China.
• An exclusive distributor of Mövenpick ice-cream products in Mainland China.
Swire MP Foods
• A 60:40 joint venture formed by Swire Foods Holdings and Mövenpick Foods Licensing Limited.
• Markets premium-quality coffee under the Mövenpick brand through retail and food service channels in Hong Kong and Mainland China.
Chongqing New Qinyuan Bakery
• A leading bakery chain in southwest China, with over 550 stores in Chongqing, Guiyang and Chengdu. Swire Foods wholly owns this company.
Taikoo Sugar
• Owns and operates three sugar packaging plants in Guangzhou, Shanghai and Chengdu and has a distribution network spanning 123 cities in Mainland China. Packages and sells sugar and tea in Hong Kong and Mainland China.
• In partnership with Sumitomo Corporation and TS Corporation is building a sugar refinery in Foshan, Guangdong. The refinery will start operating in the second quarter of 2017.
MANUFACTURING AND DISTRIBUTION
Instant tea and concentrates produced by Damin.
James Finlay• Founded in 1750, Finlays is a leading international
supplier of tea, coffee and natural ingredients for the global beverage industry.
• Operates tea sourcing and supply offices in Xiamen and Guizhou.
• Owns a 40% shareholding in Damin Foodstuff (Zhangzhou).
TEA
Damin Foodstuff (Zhangzhou)
• The world’s leading manufacturer and supplier of tea and other natural plant extracts. Produces instant tea powders, tea concentrates and a variety of natural extracts, supplying China’s leading domestic brands, as well as a large export portfolio of international customers.
• In 2016, Damin manufactured and supplied in excess of 28,000 tonnes of liquids and powders, as both ingredients and finished solutions, to its global customer base.
• In 2016, Finlays in Mainland China and Damin together sourced in excess of 25,000 tonnes of tea for both domestic and international markets.
Beverages & Food Chain (continued)
Marine Services
The China Navigation Company (CNCo)• Established in 1872 to operate paddle steamers
on the Yangtze River. Operates a fleet of 89 container, multipurpose and bulk carrier vessels to service its global trades.
• The company completed 37 newbuildings in Mainland China in 2016. Another three new vessels have been purchased and will be delivered in 2017.
28323851.353.8
0
50,000
100,000
150,000
200,000
250,000
350,000
300,000
12 13 14 15 16 17 18
Pallet positions
Capacity of Cold Storage Facilities
Swire Pacific Cold Storage• Provides cold storage, warehousing and logistics
services in Mainland China.
• Operates seven cold storage facilities in Guangzhou, Shanghai, Langfang, Ningbo, Nanjing, Xiamen and Chengdu.
Langfang
50,000 pallet positionsSince Sep 2014
Nanjing Phase 1
55,000 pallet positionsSince Jan 2016
Shanghai
50,000 pallet positionsSince Jun 2014
Guangzhou
37,000 pallet positionsSince Jun 2008
Ningbo Phase 1
35,000 pallet positionsSince Jul 2015
Chengdu Phase 1
50,000 pallet positions Since Jun 2017
Xiamen Phase 1
22,000 pallet positions Since Apr 2017
Cold Storage Facilities in Mainland China (at 30th June 2017)
SHIPPING LINES
• Swire Shipping, CNCo’s liner shipping division, provides comprehensive multipurpose liner services between Mainland China and the Pacific Region.
• Swire Bulk, CNCo’s dry bulk division, operates in the global bulk commodity trades and provides handysize dry bulk shipping solutions to importers and exporters in Mainland China.
Shanghai
Rizhao
Zhangjiagang
Tianjin
Qingdao
Dalian
Yantai
Lianyungang
Ningbo
ShekouChiwan
HuangpuXiamen
Operated by CNCoOperated by partners
Fuzhou
Nanjing
ShantouFoshan
JiangmenXiaolan
Zhongshan
Nansha
Swire Shipping Ports of Call in Mainland China (at 30th June 2017)
COLD STORAGE
Beverages & Food Chain (continued)
Swire Resources• Major distributor and retailer of sports and lifestyle
shoes, apparel and accessories. Operates the CATALOG multi-brand retail chain and is the exclusive distributor of Chevignon and Repetto brands in Mainland China.
Akzo Nobel Swire Paints• A joint venture with Akzo Nobel that
manufactures and distributes decorative paints, primarily under the Dulux brand.
• Has manufacturing plants in Guangzhou, Shanghai, Langfang and Chengdu.
Swire Brands• Has a 40% associate interest in Columbia
Sportswear Commercial, a joint venture with Columbia Sportswear that distributes and retails Columbia products in Mainland China.
Trading & Industrial
TRADING
WHOLESALE AND RETAIL
MANUFACTURING
INDUSTRIAL
C023053
0
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100
150
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12 13 14 15 16
Litres (Million)
Total Volume of Decorative Paints Sold in Mainland China
• Around 370 million litres of decorative paints were sold in 2016.
CF1
7060
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