Fast Facts
Transcription
Fast Facts
Fast Facts 2016 Swire is a highly diversified global business group, which has been in operation for 200 years. 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. US$27,577m Turnover Turnover | 2011 – 2015 Turnover by Region | 2015 Turnover by Division | 2015 US$M US$M 30,000 US$M Hong Kong 20,000 15,000 10,000 5,000 0 11 12 13 14 15 Net Assets Employed 24490 25933 26424 28970 27577 US$58,110m Net Assets Employed | 2011 – 2015 US$M 60,000 Property Hong Kong Mainland China China Other Asia Other Asia SW Pacific SW Pacific Americas Americas Europe Europe Africa Middle East Africa &&ME # Marine Global 2788 Marine Global 2788 15955 15955 4748 4748 1764 1764 2249 2249 73(200) 73(200) 25,000 Property Aviation Aviation Beverages Beverages & Food Chain & Food Chain Marine Services Marine Services Trading & Trading & Industrial Industrial Head Office Head Office Net Assets Employed by Region | 2015 Net Assets Employed by Division^ | 2015 US$M US$M Hong Kong Property Hong Kong Mainland China China Other Asia Other Asia SW Pacific SW Pacific Americas Americas Europe Europe Africa Middle East Africa &&ME Marine Global # Marine Global 50,000 40,000 30,000 20,000 Property Aviation Aviation Beverages Beverages & Food Chain & Food Chain Marine Services Marine Services Trading & Trading & Industrial Industrial Head Office 37890 11340 516 0 840 11 12 13 14 15 2359 590 ^A division may have negative net assets employed. These figures have been excluded from the divisional breakdown. 46076 110(400) 50559 (50921) 4465 56159 57807 58110 10,000 Employees 130,783 Employees | 2011 – 2015 Employees by Region | 2015 Employees by Division | 2015 140,000 Hong Kong Property Hong Kong Mainland China China Other Asia Other Asia SW Pacific SW Pacific Americas Americas Europe Europe Africa Middle East Africa &&ME Marine Global # Marine Global 120,000 100,000 80,000 60,000 40,000 20,000 0 11 12 13 14 Property Aviation Aviation Beverages Beverages & Food Chain & Food Chain Marine Services Marine Services Trading & Trading & Industrial Industrial Head Office Head Office 15 #Due to the global nature of our Marine Services businesses, geographical segmentation is not always possible. Accordingly, we have allocated these businesses to a 125761 Marine Global region. 126724 130443 136773 130783 Market Capitalisation and Profit | 2011 – 2015 682.6 110.8 336.8 406.5 774.2 (average market capitalisation for the 31 days of December) Swire Pacific Swire Properties* Profit US$M Market capitalisation US$Bn 2,000 1,500 1,000 HAECO Profit US$M Profit US$M Market capitalisation US$Bn 20 2,000 20 2,000 20 15 1,500 15 1,500 15 10 1,000 10 1,000 10 25 2,500 Cathay Pacific Airways Market capitalisation US$Bn 25 2,500 25 2,500 6.7 7 8.2 8.7 6.7 Market capitalisation US$Bn Profit US$M 4 150 3 100 2 500 0 11 12 13 14 15 5 500 0 0 11 12 13 14 15 5 500 0 0 50 1 5 11 12 13 14 15 0 0 11 12 13 14 15 0 682.6 6.7 1664.2 0 99.5 2.1 110.8 7 891.4 19.3 2.3 105.7 1063 18 336.8 8.2 815.9 15 2.2 80.3 1088.8 17.5 Note:The profit figures for Swire Pacific and Swire Properties above are presented on an underlying basis, 406.5 which principally adjusts for changes in the valuation of 8.7 922.8 17.6 73.9 1.9 1256.6 19.1 investment properties. The profit figures for Cathay Pacific Airways and HAECO are presented on a statutory accounting basis. 774.2 6.7 913.3 17.1 59.9 1.2 1276.4 16.1 Profit 17.8 Market2208.1 capitalisation *Swire Properties listed its shares in February 2012. 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). ABOUT JOHN SWIRE & SONS LTD ABOUT SWIRE PACIFIC LTD • Established in 1816, Swire’s parent company is headquartered in London. • Listed on The Stock Exchange of Hong Kong Ltd. • Responsible for formulating and directing overall group strategy. Provides a range of services within the group, including recruitment, employment and training of staff. • Holds a 55% shareholding in Swire Pacific in Hong Kong. • Holds controlling stakes in a range of businesses trading in the UK, North America, Australia, Papua New Guinea, East and West Africa, and across Southeast Asia. • Holding company for the Swire group’s principal businesses in Hong Kong, Mainland China, Taiwan, Singapore and elsewhere. • Major shareholder in three Hong Kong listed companies: Swire Properties (82%), Cathay Pacific Airways (45%) and HAECO (75%). • Has wholly owned divisions in the areas of Beverages, Marine Services and Trading & Industrial. Property Swire has substantial property interests in Hong Kong, Mainland China, the USA and Papua New Guinea. These include property development, investment, management and trading interests as well as hotels. The principal businesses are grouped under Swire Properties Ltd and Steamships Trading Company Ltd. Turnover | 2011 – 2015 Net Assets Employed | 2011 – 2015 Employees | 2011 – 2015 Others US$M US$M 3,000 35,000 2,500 25,000 1,500 6,000 20,000 1,000 500 0 Swire Properties 8,000 30,000 2,000 Steamships Trading 10,000 40,000 11 12 13 14 15 15,000 Others Steamships10,000 Trading 5,000 Swire Properties0 11 12 13 Turnover by Region | 2015 Net Assets Employed by US$M US$M 14 Others 4,000 Steamships 2,000 Trading Swire Properties 0 15 28776 31497 34075 35830 Region 37365 11 | 252(352) 374(474) 341(441) 277(377) 2015 241(341) Steamships Trading Swire Properties 12 130(330) 132(332) 44(200) 33(200) Employees 26(200) by 13 14 15 4836 5635 5908 6269 | 2015 Region 6964 1021 1061 1101 1212 1293 Hong Kong Mainland China Other Asia Hong Kong China SW Pacific Americas Europe 1994 595 110 67 22 Hong Kong China Other Asia SW Pacific Americas 29070 7083 124(224) 266(366) 1088 SW Pacific Hong Kong Americas China Other AsiaEurope SW Pacific Americas Europe 3265 2784 8(50) 1293 619 288 KEY BUSINESSES 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. • Portfolio comprises retail and office developments at key transport hubs in Hong Kong, and a variety of retail-led, mixed-use projects in Beijing, Guangzhou, Chengdu and Shanghai in Mainland China. • Currently developing Brickell City Centre, a large-scale, mixed-use project in the Brickell financial district of Miami, USA. • Wholly owned subsidiary Swire Hotels creates and manages intriguing urban hotels in Hong Kong, Mainland China and USA. Brickell City Centre in Miami is nearing completion and will open in phases in 2016. Sino-Ocean Taikoo Li Chengdu blends the old and new by combining modern building techniques and materials with traditional Sichuan architecture. Pacific Place is one of Hong Kong’s premier shopping, dining and entertainment destinations. Steamships Trading Company Harbourside, Pacific Palms’ newly completed development in Port Moresby’s CBD, accommodates office space, as well as a range of food and beverage outlets. • Pacific Palms Property is one of the leading landlords in Papua New Guinea and owns prime commercial, industrial and residential properties, together with a sizeable land bank. • Coral Sea Hotels is the largest hotel group in Papua New Guinea. Completed Property Investment Portfolio by Type Completed Property Investment Portfolio by Region Gross floor area (000’ sq. ft.) Others Residential Gross floor area (000’ sq. ft.) Americas 40,000 40,000 SW Pacific 35,000 Hotel 35,000 Other Asia 30,000 Industrial 30,000 Mainland China 25,000 Other Retail 25,000 Hong Kong 20,000 Residential Office 20,000 15,000 Hotel Industrial Retail Office 15,000 10,000 5,000 0 15 16 17 18 19 20 21 Americas SW Pacific Other Asia More On China Property Hong Kong 10,000 5,000 0 15 16 17 18 19 20 21 Division Aviation Swire is a major player in the global aviation industry with interests including airlines and aircraft engineering. The division comprises significant investments in the Cathay Pacific Group and Hong Kong Aircraft Engineering Company (“HAECO”) Group. Turnover | 2011 – 2015 Net Assets Employed | 2011 – 2015 Employees | 2011 – 2015 Others US$M 15,000 60,000 HAECO Group 12,000 50,000 CX Group US$M 20,000 15,000 40,000 9,000 10,000 30,000 6,000 5,000 0 11 12 13 14 15 Others 3,000 HAECO Group CX Group 0 20,000 11 12 13 14 15 Others 10,000 HAECO Group CX Group 0 Turnover by Region | 2015 Net Assets Employed by Region | 2015 US$M US$M Others HAECO Group CX Group 11 12 13 14 15 Employees by Region | 2015 Hong Kong Hong Kong China Other Asia SW Pacific Americas Europe Africa & ME Mainland China Hong Kong China Other Asia SW Pacific Americas Europe Africa & ME Other Asia Hong Kong SW Pacific China Americas Other Asia Europe SW Pacific Africa & AmericasMiddle East Europe Africa & ME KEY BUSINESSES AIRLINES Cathay Pacific Group • Includes Cathay Pacific Airways, wholly owned regional carrier Dragonair, 60%-owned all-cargo carrier AHK Air Hong Kong and a 20% associate interest in Air China. • Business interests also include flight catering, ramp and cargo handling services, and cargo terminal operations. • Cathay Pacific Airways is Hong Kong’s flag carrier and one of the world’s leading international airlines. • Cathay Pacific and Dragonair combined fleet: 188 aircraft (165 wide-body and 23 narrow-body) with 70 new aircraft due for delivery up to 2024. Cathay Pacific’s Network* Düsseldorf Boston Madrid Dragonair’s Network* Tokyo Hiroshima Hong Kong Cathay Pacific : 53 destinations * No. of destinations as at 30th June 2016. Joint-operating and codeshare services are not shown. Dragonair : 45 destinations AIRCRAFT ENGINEERING AND MAINTENANCE HAECO Group • One of the world’s leading aircraft engineering and maintenance providers, offering a comprehensive range of airframe, cabin, component and engine services. Airframe Services: offers airframe maintenance, cabin reconfiguration, structural modification and freighter conversion, as well as line services covering transit checks and certification, ramp services, cabin management and 24/7 aircraft-on-ground support across Asia and the USA. Cabin Solutions: provides cabin integration solutions for commercial aircraft and private jets, including design engineering, vendor management and certification; also manufactures aircraft seats and interior products. Component Services: provides inventory technical management, component repair and overhaul services for hydraulic, mechanical, avionics and pneumatic systems across the Airbus and Boeing commercial aircraft fleets. Engine Services: operates world-class repair, overhaul and testing facilities for Rolls-Royce, GE Aviation and Pratt & Whitney aircraft engines in Hong Kong, Mainland China and the USA. • 2015 Top 10 customers: (in alphabetical order) More On Aviation Division Beverages & Food Chain Swire plays an important role in numerous links in the food chain. The group is one of the largest Coca-Cola bottlers in the world, a leading supplier of tea, coffee and natural ingredients for the global beverage industry, and one of the largest operators of cold storage facilities in the USA and Australia. Swire is also involved in the manufacturing and distribution of a variety of food and beverage products. Turnover | 2011 – 2015 Net Assets Employed | 2011 – 2015 Employees | 2011 – 2015 Swire Foods US$M US$M 2,500 5,000 4,000 3,000 2,000 1,000 0 11 12 13 14 15 Swire Pacific Cold Storage 70,000 Swire Foods 2,000 Swire Pacific Cold Storage 1,500 Swire Cold Storage 1,000 United States Cold Storage 500 James Finlay Swire Beverages 0 11 12 13 14 15 Swire Foods 60,000 Swire Pacific 50,000 Cold Storage Swire Cold40,000 Storage 30,000 United States 20,000 Cold Storage James Finlay 10,000 Swire Beverages 0 Turnover by Region | 2015 Net Assets Employed by Region | 2015 US$M US$M Swire Foods Swire Cold Storage Swire Pacific Cold Storage United States Swire ColdCold Storage Storage James Finlay United States Swire Cold Storage Beverages James Finlay Swire Beverages 11 12 13 14 15 Employees by Region | 2015 Hong Kong Mainland China Hong Kong China Other Asia SW Pacific Americas Europe Africa & ME Other Asia Hong Kong China Other Asia SW Pacific Americas Europe Africa & ME Hong Kong SW Pacific China Americas Other Asia Europe SW Pacific Africa & Americas Middle East Europe Africa & ME KEY BUSINESSES BEVERAGES Swire Beverages • A strategic partner of The Coca-Cola Company since the 1960s and is one of the leading bottlers in Mainland China. • Holds the franchise to manufacture, market and distribute products of The Coca-Cola Company in Hong Kong, Taiwan, seven provinces in Mainland China and an extensive area of the mid-western USA. Franchise Territories Washington Shaanxi Henan Jiangsu Sales Volume & Franchise Population Oregon Idaho Anhui Zhejiang Nevada Colorado Taiwan USA 51 to 100 25 to 50 Population (Million) 500 1,000 400 300 600 200 400 2015 per capita consumption of Coca-Cola beverages (8oz servings) >100 Unit cases (Million) 1,200 800 Arizona Guangdong Hong Kong Nebraska Utah California Fujian Greater China Wyoming South Dakota Bottling plant 100 200 0 11 12 13 14 15 0 Sales volume Franchise population TEA MANUFACTURING AND DISTRIBUTION James Finlay Swire Foods • Founded in 1750, Finlays established some of the world’s first large-scale tea plantations during the 19th century. • Packages and sells premium sugar products in Hong Kong and Mainland China under the iconic Taikoo Sugar brand, established in the 1880s. • A leading international supplier of tea, coffee and natural ingredients for the global beverage industry, with extensive interests across plantations, extraction, trading and sourcing, R&D, packing and customer support. • Distributes soup and broth products in Mainland China under the Campbell’s and Swanson brands. • Markets premium coffee in Hong Kong and Mainland China under the Mövenpick brand. • Wholly owns Chongqing New Qinyuan Bakery, a leading bakery in southwest China with over 500 stores in Chongqing, Guiyang and Chengdu. COLD STORAGE United States Cold Storage (USCS) Swire Cold Storage • USCS is the third largest Public Refrigerated Warehouse logistics provider in North America, operating 38 facilities located in 13 states. • Australia’s leading national provider of cold chain logistics services and supply chain solutions. • Principal customers are leading American and international food companies, including Kellogg’s, Unilever and Kraft. • Provides temperature-controlled warehousing, refrigerated transport and distribution services to a broad range of businesses. Swire Pacific Cold Storage Capacity of Cold Storage Facilities Cubic feet (Million) Mainland China 400 Sri Lanka Vietnam 300 USA Australia Mainland China Sri Lanka Vietnam USA 200 100 0 • Provides cold storage, warehousing and logistics services in Mainland China. • Operates cold storage facilities in Guangzhou, Shanghai, Langfang, Ningbo and Nanjing and is developing new facilities in Chengdu, Xiamen and Wuhan. Australia 11 12 13 14 15 More On Beverages & Food Chain Division Marine Services Swire’s marine interests cover a wide range of activities, from liner shipping to the provision of offshore support services to the international oil and gas industry, and from harbour and ocean towage and salvage to ship repair and shipping agency services. The group’s involvement in this industry dates back over 140 years. Turnover | 2011 – 2015 Net Assets Employed | 2011 – 2015 Employees | 2011 – 2015 Others US$M US$M 2,500 5,000 2,000 1,500 1,000 500 0 11 12 13 14 450 627 811 945 773 15 533 573 555 649 652 216 247 289 257 194 KEY BUSINESSES Steamships Trading 8,000 Others Steamships4,000 Shipping Swire Oilfield 3,000 Services The China 2,000 Navigation Company 1,000 Swire Pacific Offshore 0 11 163 195 148 115 83 12 13 90 75 68 59 62 14 Others 7,000 Steamships Shipping 6,000 5,000 Swire Oilfield Services 4,000 The China3,000 Navigation Company 2,000 1,000 Swire Pacific Offshore 0 15 1533 2323 2888 3175 2949 218 217 595 682 921 281 361 450 435 314 Others Swire Oilfield Steamships Services Shipping Swire OilfieldThe China Navigation Services Company The China Navigation Swire Pacific Offshore Company Swire Pacific Offshore 11 169 138 122 113 106 12 13 14 180 189 186 178 176 15 2351 2585 3196 3326 3522 903 807 1116 1641 1673 596 715 920 805 683 1906 2229 2041 1030 1095 722 688 484 430 471 OFFSHORE SUPPORT SERVICES Swire Pacific Offshore (SPO) • Leading service provider to the offshore oil and gas industry in every major production and exploration region outside the USA. • Owns 92 specialist offshore support vessels. SPO Fleet Size & Average Age of Vessels Number of vessels 80 • Subsidiary companies provide seismic survey, emergency response to oil spills, salvage, subsea and wind farm installation services. SPO Global Footprint Europe & Africa 1 Middle East Asia 21 7 11 30 8 3 2 5 2 2 Anchor Handling Tug Supply Vessels Accommodation Barges Platform Supply Vessels Wind Farm Installation Vessels Inspection, Maintenance and Repair Vessels Seismic Survey Vessels Note: Vessel locations at 31st December 2015 No. ofOwned vesselsVessels 10 No.age of Vessels Owned Average 6 40 4 20 2 11 12 13 14 15 Average Age of 12 8 60 0 Americas Average age (Years) 100 0 SHIPPING LINES The China Navigation Company (CNCo) • Formed in 1872, CNCo is Swire’s oldest operational business. • Operates a global network of multipurpose liner, dry bulk and bulk logistics services through its three business divisions, Swire Shipping, Swire Bulk and Swire Bulk Logistics. • Owns a diverse fleet of container, multipurpose, general cargo and bulk carrier vessels to service its global trades. Swire Shipping’s Ports of Call (at 30th June 2016) Vancouver, CA Chemainus Crofton Everett Vancouver, US Qingdao Ningbo Busan Osaka Shanghai North Pacific Ocean Yokohama Shimizu Atlantic Ocean Los Angeles Taichung Shekou Kaohsiung Hong Kong Subic Bay Guam Ho Chi Minh City Sri Racha Majuro Davao Port Klang Singapore Jakarta Indian Ocean Tarawa Kavieng Lihir Wewak Rabaul Madang Kimbe Dili Lae Oro Bay Noro Benete Bay Port Moresby Alotau Honiara Darwin Santo Port Vila Townsville Gladstone Brisbane Lautoka Apia Suva Noumea Pago Pago Papeete Nuku’alofa Sydney Newcastle Marsden Point Port Kembla Melbourne Auckland Tauranga Geelong New Plymouth Napier Bell Bay Nelson Wellington Christchurch Timaru Lyttelton South Pacific Ocean Shipping Ports Shipping Ports in Capital City CNCo Fleet Size & Average Age of Owned Vessels Number of vessels 25 40 20 30 15 20 10 10 5 0 OFFSHORE SUPPORT SERVICES Average age (Years) 50 11 12 13 14 15 Average Age of No. of vessels Owned Vessels No. of Vessels Average age Owned 0 SHIPPING LINES Swire Oilfield Services (SOS) Steamships Trading Company • The world’s largest supplier of specialist offshore cargo carrying units to the global energy industry. Leading supplier of cargo carrying solutions, modular systems, offshore aviation services, fluid management and track and trace solutions. • Consort Express Lines is a leading provider of coastal and river shipping services in Papua New Guinea, offering liner services as well as project charters. • Operating from more than 64 bases in over 28 countries, SOS has a presence in all major oil and gas regions in the Americas, Europe, Africa and Asia Pacific. More On Marine Services Division Trading & Industrial Swire’s Trading & Industrial activities encompass a wide spectrum of business interests, ranging from apparel and automotive trading to manufacturing and materials handling. The group has major bulk transport operations in Australia and has strategic investments in various sustainable businesses. Turnover | 2011 – 2015 Net Assets Employed | 2011 – 2015 Employees | 2011 – 2015 Others US$M 3,000 2,500 2,000 1,500 1,000 500 0 11 12 13 14 15 US$M Others 800 Alex Fraser 700 Argent Energy 600 Kalari 500 HSE 400 Akzo Nobel Swire Paints300 200 Taikoo Motors group 100 Swire Resources 0 group 11 12 13 14 15 Others 10,000 Alex Fraser 8,000 Argent Energy Kalari 6,000 HSE Akzo Nobel 4,000 Swire Paints Taikoo Motors 2,000 group Swire Resources 0 group 11 Turnover by Region | 2015 Net Assets Employed by Region | 2015 US$M US$M Alex Fraser 12 13 14 15 Others Argent Energy Alex Fraser Kalari Argent Energy HSE Mining Kalari Akzo Nobel HSE Swire Paints* Akzo Nobel Swire Paints Taikoo Motors group Taikoo Motors group Swire Resources group Swire Resources group Employees by Region | 2015 Hong Kong Mainland China Other Asia Hong Kong China Other Asia SW Pacific Americas Europe Hong Kong China Other Asia SW Pacific Americas Europe SW Pacific Hong Kong Americas China Europe Other Asia SW Pacific Americas Europe * Akzo Nobel Swire Paints has negative net assets employed. These figures have been excluded from the time series and regional breakdown. KEY BUSINESSES TRADING WHOLESALE AND RETAIL Swire Resources Group Swire Brands Group • Major distributor and retailer of sports and lifestyle shoes, apparel and accessories in Hong Kong, Mainland China and Macau. • Has a 40% associate interest in Columbia Sportswear Commercial, a joint venture formed with Columbia Sportswear to distribute and retail Columbia products in Mainland China. • Operates over 200 retail outlets consisting of single brand concept stores and shop-in-shops, as well as multi-brand sports and casual retail chains: Marathon Sports, GigaSports, Catalog, and d2r. • Holds exclusive distribution rights and licensing rights for lifestyle shoe and leisure brands. • Has a minority interest in Rebecca Minkoff, which sells apparel, handbags and accessories. TRADING (continued) AUTOMOTIVE TRADING Taikoo Motors Group • Distributes and retails international brands of passenger cars, commercial vehicles, motorcycles and scooters in Mainland China, Hong Kong, Taiwan and Malaysia. INDUSTRIAL MINING SERVICES HSE Mining MANUFACTURING Akzo Nobel Swire Paints • Provides specialist services to Australia’s open cut mining sector, including coal, iron ore, copper and zinc, nickel and gold mining projects. • Offers a range of large earthmoving rental equipment and full maintenance services. ROAD HAULAGE Kalari • A joint venture with Akzo Nobel which manufactures and distributes decorative paints, primarily under the Dulux brand, in Mainland China and Hong Kong. • Has manufacturing plants in Guangzhou, Shanghai, Hebei and Chengdu in Mainland China. GREEN INVESTMENTS Argent Energy • Provides specialist bulk haulage logistics to Australia’s leading mining businesses. • A fleet of 185 vehicles operating throughout Australia. MATERIALS HANDLING Alex Fraser • Based in Scotland, Argent Energy pioneered large-scale commercial biodiesel production in the UK in 2005. • Australia’s largest recycler of construction and demolition (C&D) materials with eight plants across Melbourne, Brisbane and Port Kembla. • Has recycled and sold more than 40 million tonnes of C&D materials. • Produces biodiesel and biofuel from wastes such as used cooking oil, animal fats and sewer grease. More On Trading & Industrial Division JOHN SWIRE & SONS LIMITED Swire House 59 Buckingham Gate London SW1E 6AJ United Kingdom Telephone: (44) 20 7834 7717 Facsimile: (44) 20 7630 0380 JOHN SWIRE & SONS PTY LIMITED Level 11 Swire House 10 Spring Street Sydney NSW 2000 Australia Telephone: (61) 2 9272 9272 Facsimile: (61) 2 9231 4927 Group Structure Chart JOHN SWIRE & SONS (PNG) LIMITED c/o Steamships Trading Company Ltd. PO Box 1 Port Moresby National Capital District 121 Papua New Guinea Telephone: (675) 313 7400 2016 JOHN SWIRE & SONS (H.K.) LIMITED 33/F, One Pacific Place 88 Queensway Hong Kong (GPO Box 1, Hong Kong) Telephone: (852) 2840 8888 Facsimile: (852) 2526 9365 SWIRE GROUP TAIWAN 39/F, Taipei 101 Tower No. 7, Sec 5, Xinyi Road Taipei 11049 Taiwan Telephone: (886) 2 8101 5188 Facsimile: (886) 2 8101 5101 JOHN SWIRE & SONS INC PO Box 140 Milford, DE 19963-0140 USA Telephone: (1) 302 422 7536 Facsimile: (1) 302 422 8420 JOHN SWIRE & SONS (CHINA) LIMITED Unit 1405, 14/F, ONE INDIGO 20 Jiuxianqiao Road Chaoyang District Beijing 100016 China Telephone: (86) 10 8486 3321 Facsimile: (86) 10 8486 3221 JOHN SWIRE & SONS (S.E. ASIA) PTE LIMITED 300 Beach Road #12-06 The Concourse Singapore 199555 Telephone: (65) 6571 0351 Facsimile: (65) 6571 0359 C023053 100 100 Finlays Swire Oilfield Services 40 Damin Foodstuff (Zhangzhou) 100 100 100 100 Swire Shipping 100 John Swire & Sons Pty Limited Beverages Swire Bulk 100 100 Swire Cold Storage 67 100 Swire Bulk Logistics 100 Swire Cold Storage Vietnam Alex Fraser 25.68 Quadrant Pacific 100 Kalari 82 Swire Properties 45 100 Swire Properties US 74.99 100 Swire Properties China Holdings 100 100 Swire Properties Hotel Holdings Mitrabahtera Segara Sejati 100 Cathay Pacific Airways 100 Swire Industrial Services Swire Mining Services 50 100 Polar Fresh HSE Mining 100 100 Cathay Pacific Services 100 Singapore HAECO 100 Hong Kong Airport Services 100 HAECO USA Holdings 100 100 Coral Sea Hotels 100 Laga Industries 100 Pacific Palms Property Pacific Towing 100 Transport and Port Services 70 Consort Express Lines 60 51 Colgate Palmolive (PNG) 58.55 JOHN SWIRE & SONS LIMITED 100 John Swire & Sons (H.K.) Limited 100 Ethos International 55 50 Swire Pacific Limited Swire Travel 49 100 100 Swire (Beijing) Air Service Airport Limousine Services 100 Swire International (Shanghai) Air Services 30 HAECO ITM Shanghai Taikoo Aircraft Engineering Services Taikoo (Xiamen) Aircraft Engineering 100 28 100 100 60 20.13 Swire Water Solutions John Swire & Sons Inc 25* Dunlop 9 Taikoo (Jinjiang) Aircraft Tyres 5.83 10 Sichuan Aircraft 2.08 Maintenance Engineering 5.45 3.04 John Swire & Sons (S.E. Asia) Pte Limited Australia Denmark Indonesia Mainland China New Zealand Papua New Guinea Singapore The Netherlands USA Canada Hong Kong Israel Malaysia Norway Philippines Taiwan UK Vietnam This organisation chart is for illustrative purpose only and does not represent the legal structure of the group. * Shareholding held through subsidiary at 25%, another 24% held through an economic interest with total holding at 49%. 85 Swire BCD Xiamen Luquan Industries Vogue Laundry Service AHK Air Hong Kong 51 41 Air China Taikoo (Xiamen) Landing Gear Services Taikoo Spirit AeroSystems (Jinjiang) Composite 100 International Automobiles Swire Foods Group 100 Swire Blue Ocean A/S 100 100 Chongqing New Qinyuan Bakery 100 Swire Motorcycle 100 Sales and Services (Fujian) Swire Foods Trading (China) 100 Shenzhen Honour Automobiles Swire Motors Sales and Services Swire MP Foods 60 Swire Pacific Ship Management 100 100 Taikoo Motors Campbell Swire (HK) 40 100 100 15 Swire Salvage Swire Brands 100 100 Swire Seabed AS Offshore Solutions 51 SCF Swire Offshore 50 20.4 100 9.38 Coca-Cola Bottlers Manufacturing Holdings Swire Coca-Cola Beverages Zhengzhou 67.58 Altus Oil and Gas Services 100 Swire Coca-Cola Beverages Xiamen Swire Coca-Cola Beverages Shaanxi Air China Cargo 50 100 12.86 81.58 Hongkong United Dockyards 100 STS Sugar Swire Resources 100 100 Swire Resources (Shanghai) Trading 40 Swire Coca-Cola Beverages Luohe 41.8 Swire Coca-Cola Beverages Hefei Swire Coca-Cola Beverages Zhejiang 20 80 60 Taikoo Sugar Taikoo Sugar (China) Rebecca Minkoff Holding Swire Coca-Cola Beverages Wenzhou Fulcrum BioEnergy Swire Coca-Cola Beverages Jiangsu 34 Swire Pacific Cold Storage Guangdong 60 Swire Cold Chain Logistics Hongkong Salvage & Towage 50 Swire Waste Management 40 Akzo Nobel Swire Paints 36 Akzo Nobel Swire Paints (Guangzhou) 30 Akzo Nobel Swire Paints (Chengdu) 64.24 CLS Catering Services 100 100 Swire Cold Chain Logistics Columbia Sportswear Commercial (Shanghai) 100 63.8 Goodrich TAECO Aeronautical Systems (Xiamen) 35 30 John Swire & Sons (China) Limited 24 Hong Kong Dragon Airlines Taikoo Engine Services (Xiamen) 100 Industrial 100 50 9 Swire Pacific Offshore Swire Emergency Response Services 51 60 Swire Guangdong Coca-Cola (Huizhou) 10 10.76 United States Cold Storage Swire Guangdong Coca-Cola 51 100 9.23 Swire Coca-Cola HK 49 Goodrich Asia-Pacific Honeywell TAECO Aerospace (Xiamen) 100 9.09 10 25 Swire Beverages 15 9.01 Swire International Travel Services 100 30 100 Swire Group Taiwan Trading & Industrial 87.5 25 Shanghai International Airport Services Hong Kong Aero Engine Services Taikoo (Shandong) Aircraft Engineering Swire Beverages Holdings 100 Cebu Pacific Catering Services HAECO Component Overhaul (Xiamen) 70 Steamships Trading Cathay Pacific Catering Services (H.K.) 40 Hong Kong Aircraft Engineering Company 72 John Swire & Sons (PNG) Limited Marine Services Trading 100 Swire Building Aviation Argent Energy Swire Shipping Agencies Pacifica Shipping Property 75 The China Navigation Company 21.46 30 60 30 Akzo Nobel Decorative Coatings (Langfang) Akzo Nobel Swire Paints (Shanghai) 45 China Pacific Laundry Services 100 Swire Coca-Cola Taiwan 32.85 Green Biologics 22.05 China Pacific Catering Services 100 Swire Coca-Cola USA 13.49 NanoSpun Technologies 7.74 Avantium Holding Publicly Quoted