HUTCHISON UPDATES News CORPORATE HWL Annual Results Turnover 2001 PORTS Turnover 2000 EBIT 2001 2001 2000 % EBIT 2000 TELECOMS Turnover 89,038m 84,825m +5 HK$ PROPERTY q & HOTELS Profit attributable to 12,088m 34,118m -65 shareholders RETAIL & MANUFACTURING Earnings 2.84 8.00 -65 $ per share ENERGY & INFRASTRUCTURE $ - - - - - - - - - - - - - - - - - - - - 0 5 10 15 20 25 30 $ Dividends 1.73 1.73 – $ HK$ BILLIONS Hutchison Whampoa Limited’s consolidated net profit for the year Cheung Kong Infrastructure HWL stake – 84.6% Turnover Profit attributable Earnings Dividend ended December 31, 2001 was HK$12,088 million (approximately (HK$) to shareholders per share per share US$1,549 million). Earnings per share were HK$2.84 (2000 – HK$8.00) with a total 2001 3,838m 3,323m 1.47 0.63 2000 3,345m 3,228m 1.43 0.60 dividend per share of HK$1.73, unchanged from the previous year. Excluding profits on disposal of investments less provisions of Hongkong Electric Holdings HWL stake – 38.87% HK$3,124 million (2000 – HK$25,742 million), the Group’s profit Turnover Profit attributable Earnings Dividend increased 7% over the previous year. (HK$) to shareholders per share per share The results include profit of HK$30,000 million on disposal of the 2001 10,867m 6,507m 3.05 1.63 Group’s investment in VoiceStream, and profit of HK$4,393 million 2000 10,634m 5,535m 2.62 1.515 from the sale of approximately 695 million shares of Vodafone Hutchison Harbour Ring HWL stake – 50.5% Group and approximately 89 million shares of Deutsche Telekom Turnover Profit attributable Earnings Dividend pursuant to forward sales contracts for delivery in 2002. (HK$) to shareholders per share per share Provisions for the year totalled HK$31,269 million, comprising 2001 70.4m 680.6m 12.16 cents 1.5 cents HK$1,500 million for certain property developments and HK$29,769 2000* 330.6m (1,037.2m) (24.42 cents) – million for diminution in value of its equity investments. Turnover for * Figures are for ICG Asia, which changed name to Hutchison Harbour Ring on Sept. 25, 2001. the Group’s core businesses totalled HK$89,038 million, a TOM.COM HWL stake – 29% 5% increase over 2000. EBIT for the Group totalled HK$21,846 Turnover EBITDA Earnings Dividend million, a 12% increase over 2000. The Group’s consolidated cash and (HK$) per share per share marketable securities amounted to HK$145,336 million, 2001 626.6m (192.1m) (19.78 cents) – approximately equal to the consolidated borrowings of HK$146,992 2000 89.2m (462.4m) (43.82 cents) – million. For full results, see www.hutchison-whampoa.com/eng/investor2.htm Hutchison Telecommunications (Australia) HWL stake – 58% Turnover EBITDA Net profit Dividend HUTCHISON WHAMPOA LIMITED (A$) after tax per share Hutchison Whampoa Limited (HWL) is the holding company 2001 418.6m (112.9m) (137m) – of the Hutchison Whampoa Group of companies. With origins 2000 404.7m (85.2m) (92.5m) – dating back to the 1800s, it is a Hong Kong-based multinational Partner Communications HWL stake – 35% (Now 42.7% – see story p.5) corporation with a diversified portfolio. It is also part of the Li Turnover EBITDA Operating Dividend Ka-shing group of companies, which together represent about 15% of (US$*) profit per share the total market capitalisation of the Hong Kong stock market. In 2001 736m 148.6m 23.3m – 2001, HWL’s consolidated turnover (including associates) was 2000 476.4m (13.3m) (122.3m) – HK$89,038 million (approximately US$11,415 million) and net profit *US$ figures converted from New Israeli Shekels at Dec. 31, 2001 exchange rate: US$1.00 equals NIS4.416 was HK$12,088 million. Husky Energy HWL stake – 35.1% With over 120,000 employees worldwide, the Group operates and Turnover EBITDA Basic earnings Dividend per invests in five core businesses in 36 countries: Ports & Related Services; (C$) per share common share Telecommunications; Property & Hotels; Retail & Manufacturing; and 2001* 6,627m 2,042m 1.63 (diluted) 0.36 Energy & Infrastructure. 2000 5,090m 1,499m 1.39 – * 2001 Figures reflect first full year of combined operations following Husky’s merger with Renaissance Energy SPHERE 2 bites CORPORATE ENERGY & INFRASTRUCTURE Research Centre Opens CKI to Tunnel ‘Down Under’ A state-of-the-art cancer research centre at A consortium led by Cheung Kong city’s west is expected to carry up to 95,000 Cambridge University, UK was officially Infrastructure Holdings (CKI) has been vehicles a day by 2006. opened on May 18 by Hutchison Chairman chosen as the preferred tenderer for a new Work is expected to commence before the Mr Li Ka-shing and Lord Sainsbury, Britain’s A$800 million (about US$4.5 million) road end of 2002. Minister for Science and Innovation. tunnel project to carry through-traffic Named the Hutchison/MRC Research beneath the central business district of Centre, the project is a collaboration Sydney, Australia. between the Medical Research Council CKI has a 50% interest in the consortium, (MRC), the University of Cambridge and Cross City Motorway (CCM) – which Cancer Research UK. Construction of the also includes DB Capital Partners (30%) new building was made possible by a £5.3 and construction contractor Baulderstone million donation from HWL, to match Hornibrook (20%). funding from the MRC. The project, a 2km cross-city tollway tunnel linking Sydney’s eastern suburbs with the Scholarship Scheme Expanded Thanks to a HK$23 million White Rose Given Green Light donation from Mr Li Ka- shing and the Hutchison Husky Oil Operations (72.5%) and co- approximately 100,000 barrels of oil per day. Group, the Chevening venturer Petro-Canada (27.5%) in March South Korea’s Samsung Heavy Industries Scholarship Scheme in April announced their decision to proceed with has been awarded the contract to build the was expanded to include an the development of the White Rose oil FPSO hull, Aker Maritime Kiewit extra 63 scholarships for Hong field, located off the east coast of Contractors will build topsides designed to Kong and Mainland Chinese postgraduate Newfoundland and Labrador, Canada. produce oil at a quality suitable for shipment students each year for the next four years, The White Rose development plan is by shuttle tankers to market, and US increasing the existing number of scholarships focused on a purpose-built Floating company SBM IMODCO will design and by one third. Chevening Scholarships are Production Storage and Offloading (FPSO) fabricate the turret and mooring system for offered annually by the British Government to vessel with a peak production rate of the FPSO. enable high achievers from around the world to undertake postgraduate study in the UK. PROPERTY & HOTELS applause Five-star Status The Harbour Plaza Chongqing has been awarded “five-star hotel HWL and its subsidiaries have continued to certification” in recognition of its high-quality facilities and services. attract attention with several media rankings This 390-room luxury hotel boasts a high-tech business centre and and titles. Hutchison featured in the top ten top-flight leisure facilities, including an indoor swimming pool, of CFO Asia’s “Best Annual Report in Asia tennis court, cinema complex, bowling alley, shopping mall and ice- (2000-2001)” [10], while Euromoney ranked skating rink. HWL top in the “Best Asian Companies – Conglomerate” category and placed it in the top five “Best Companies in HK” category Le Parc Phase II in Demand [5]. In April, Finance Asia named HWL “Best After greater-than-expected demand for Managed Company in HK” and “Best Phase I units of Le Parc in the southern Financial Management in HK”. HWL was Chinese city of Shenzhen, the development also in the top three for “Best Investor continued its success when Phase II apartments Relations in HK” [2], “Strongest came to market in February. Commitment to Enhancing Shareholder Demand was so high that prospective buyers Value in HK” [2] and “Companies Most lined up the day before the opening, and 280 Committed to Corporate Governance in units were snapped up in just three days. The HK” [3].The Asset Benchmark Survey, development boasts European-themed gardens meanwhile, judged Hutchison “Best in and consists of approximately 3,200 units as well Corporate Governance, Hong Kong.” as shopping facilities, schools and a clubhouse. SPHERE 3 HUTCHISON UPDATES Newsbites TELECOMS Better Connections TOM Extends Outdoor Network Corporate customers The TOM Group leading HONG KONG GREATER CHINA of Hutchison acquired controlling manufacturer Telecommunications (Hong Kong) can stakes in five outdoor media companies in and distributor enjoy a comprehensive end-to-end China in the first quarter of 2002. The of music, film wireless enterprise solution companies are Liaoning New Star and TV that includes integrated Prosperity Advertising (agreement programmes. email, phone, SMS, WAP announced in February), Shenyang Sano In January, TOM and organiser features Jinxiang Advertising, Sichuan partnered with following the commercial Southwest International Advertising, CERNET Corp to launch in May of the Xiamen Bomei Advertising and Fujian establish two JV companies – CERNET BlackBerry wireless e-mail Seeout Outdoor Advertising (MOUs Information Technology Co and solution, developed by announced in March). Including the new CERNET Online. CERNET Corp is the Research In Motion acquisitions, the Group’s outdoor media commercial arm of China Education & (RIM) of Canada. network consists of 12 outdoor media Research Network (CERNET), China’s BlackBerry operates companies with over 170,000 sq. m. of largest educational Internet provider. The co- exclusively on advertising space in 22 cities. operation includes production, distribution Hutchison Telecom’s TOM has also entered China’s audio-visual and sales of CERNET dial-up ISP access GSM Dualband and and entertainment industry following an cards, branding and creating CERNET ISP GPRS network in Hong Kong and agreement in March to acquire 50% of services, and exploring telecom value-added Macau.