United States 2017 - Swire extracts to the food and beverage industry in the USA. Wholly owned Swire...

Fast FactsUnited States 2017

2016 KEY FINANCIALS – UNITED STATES

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.

Employees 11,159

Capital Employed US$2,739m

Turnover US$3,922m

Aviation

Trading & Industrial

Beverages & Food Chain

Property

Turnover by Division | 2016

US$M

Property

Aviation



Aviation



Property

Capital Employed by Division | 2016

US$M

Property

Aviation



Aviation


Beverages& Food Chain

Property

Employees by Division | 2016

Property

Aviation



Turnover | 2012 – 2016

0

4,000

3,500

3,000

2,500

2,000

1,500

1,000

500

12 13 14 15 16

US$M

Capital Employed | 2012 – 2016

0

3,000

2,500

2,000

1,500

1,000

500

12 13 14 15 16

US$M

Employees | 2012 – 2016

0

12,000

10,000

8,000

6,000

4,000

2,000

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. The group’s business activities span six continents and five industrial sectors, including Property, Aviation, Beverages & Food Chain, Marine Services and Trading & Industrial. These interests come under its Hong Kong-based, publicly quoted arm, Swire Pacific Ltd. or are held directly by the group’s UK-headquartered parent company, John Swire & Sons Ltd.

Founded in Liverpool, UK, in 1816, John Swire & Sons initially built its business on imports from North America and the West Indies; in 1873, a branch office was opened in New York to develop a US market for its growing trade with China and Japan. Today, the group’s interests in the USA range from property investment and aircraft engineering to beverages and cold storage. Swire Properties is a key developer in Miami, with a major mixed-use portfolio in the Brickell financial district. HAECO Americas – a part of leading global aircraft engineering group, HAECO (in which Swire Pacific holds 75%) – is one of the largest independent Maintenance, Repair and Overhaul providers in the country. The Swire group has been a strategic partner to The Coca-Cola Company since 1965 and Swire Coca-Cola, USA is now the third largest independent Coca-Cola bottler in the USA. Finlay Extracts and Ingredients USA is a leading supplier of tea, coffee and natural extracts to the food and beverage industry in the USA. Wholly owned Swire subsidiary, United States Cold Storage, is North America’s third largest Public Refrigerated Warehouse logistics provider.

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.

• Its US arm, Swire Properties Inc, has had a significant presence in Miami since the 1980s and successfully transformed Brickell Key, a reclaimed sand bar, into a thriving residential and commercial community.

• Brickell City Centre, Miami’s landmark retail-led mixed-use complex, opened in 2016. Phase I of the development includes two mid-rise office buildings, two residential towers, a hotel, EAST, Miami, and a premium shopping mall.

2016 Major Property Portfolio in the United States

Property

0

500

1,000

1,500

2,000

2,500

3,000

11 12 13 14 15 16 17 18 19+

Gross �oor area(’000 sq.ft.)

Completed Property Investment Portfolio – United States

Shopping mall, Brickell City Centre EAST, MiamiOverview of Brickell City Centre, Miami

IN OPERATION

Brickell City Centre Shopping mall 496,508 Swire Properties 60.9%Simon Property Group 25%Bal Harbour Shops 14.1%

November 2016

Two Brickell City Centre Office building 128,000 Swire Properties 100% February 2017

Three Brickell City Centre Office building 132,000 Swire Properties 100% March 2016

Reach Residential tower 567,000 Swire Properties 100% April 2016

Rise Residential tower 567,000 Swire Properties 100% September 2016

EAST, Miami Hotel (with serviced apartments) 327,000 Swire Properties 100% June 2016

Mandarin Oriental, Miami Hotel 345,000 Swire Properties 75% November 2000

Completed GFA in the United States 2,562,508

FUTURE DEVELOPMENT

Residential Residential tower Under planning 523,000

Swire Properties 100% To be determined

One Brickell City Centre Mixed-use tower Under planning 1,444,000

Swire Properties 100% To be determined

Total GFA in the United States 4,529,508

• EAST, Miami is Swire Hotels’ first venture in the USA, offering 352 rooms including 89 serviced apartments.

Project TypeTotal Area(sq.ft.) Shareholding Date of Opening

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.

• Operates over 90 passenger flights and around 40 freighter flights per week between the USA and Hong Kong which further connects to 65 destinations in Asia.

Aviation

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.

• HAECO is listed on The Stock Exchange of Hong Kong Limited.

• Headquartered in Greensboro, North Carolina, wholly owned subsidiary HAECO Americas delivers comprehensive aircraft care services from three multi-hangar locations in Greensboro, NC, Lake City, FL and Macon, GA. Services including

AIRCRAFT ENGINEERING AND MAINTENANCE

AIRLINES

No. of round-trip flights to the United States

0

5,000

4,000

3,000

2,000

1,000

12 13 14 15 16

No. of round-trip �ights (Yearly)

0

2.5

2.0

1.5

1.0

0.5

12 13 14 15 16

No. of passengers(Million)

No. of passengers carried to and from the United States

Note: Figures shown in the above charts do not include joint-operating and codeshare services.

commercial airframe maintenance and modifications, military airframe maintenance, and engine maintenance, repair and overhaul services. A fifth hangar is under construction at the Piedmont Triad International Airport in North Carolina.

• HAECO Cabin Solutions offers comprehensive cabin interior products and engineering services, including the manufacture of aircraft stowage, lavatory and galley products, as well as the VectorTM platform of aircraft seating.

• HAECO Americas – 2016 Top 10 customers: (in alphabetical order)

Gulf of MexicoFreighter destination

Passenger and Freighter destination

Passenger destination

Joint-operating and codeshare services are not shown.

Boston

Los Angeles

San Francisco

Chicago

Portland

Dallas

Houston

Miami

Atlanta

Columbus

New York

Anchorage

Cathay Pacific Network – United States (at 30th June 2017)

Franchise Territories / Locations (at 30th June 2017)

Swire Beverages• A strategic partner of The Coca-Cola Company

since the 1960s.

• Holds the franchise to manufacture, market and distribute products of The Coca-Cola Company in an extensive area of the mid-western USA, Hong Kong, Taiwan and Mainland China.

• In 1978, Swire acquired the franchise rights for the Coca-Cola bottler in Salt Lake City, Utah. Over the ensuing years, Swire purchased other franchise bottling operations, forming the bottling, distribution and sales company Swire Coca-Cola, USA, which is now the third largest independent Coca-Cola bottler in the USA.

• Recent expansion by Swire Coca-Cola, USA has seen the acquisition of the Mile High territory (including Eastern Colorado and Denver) in 2014, the Arizona and New Mexico territory (including Phoenix) in 2016, and territories in the Pacific Northwest (Washington, Oregon and Idaho) in 2017.


Sales Volume & Franchise Population – United States

12 13 14 15 16

200

150

100

50

0

20

15

10

5

0

Unit cases(Million)

Population(Million)

Sales volume Franchise population

Kansas

Atlanta

Idaho

ArizonaNew Mexico

Oregon

California

NevadaUtah

Wyoming

SouthDakota

Colorado

Nebraska

Washington

Franchise Territories Expansion in:

James Finlay United States Cold StorageSwire Coca-Cola, USA

Warehouse

Warehouse + Distribution Centre

Head Of�ce

Distribution Centre

Packing Facility

Research & Development

Trading / Sales Of�ceManufacturing Site

BlendingLegacy

Q2 2014 Q3 2016 Q1/Q2 2017

Sacramento(McClellan Park) Syracuse

SacramentoTracy Turlock

FresnoFresno

(Woodward)Tulare North

Bakers�eld

Omaha(Oakdale)

Omaha(30th St.)

ArlingtonDallas (Halifax)

Dallas(Cockrell)

Fort Worth

Laredo IILaredo III

MinookaWilmington

Lebanon

Covington

Lavergne Smyrna

McDonough

Lake City

Marshville

LumbertonWarsaw

Milford

Lincoln

Cranston

Florham Park

Harrisonburg (1)Harrisonburg (2)

Medley

Voorhees

Bethlehem (Miller Circle)Hazleton

BethlehemQuakertown West Quakertown East

Tulare South

• Swire Coca-Cola, USA currently operates six production facilities and distributes across 13 states in the mid-western USA, serving a population of 28 million.

BEVERAGES

United States Cold Storage (USCS)• Headquartered in Voorhees, New Jersey,

USCS is the third largest Public Refrigerated Warehouse logistics provider in North America.

• Operates 38 facilities located in 13 states, offering 270 million cubic feet of temperature controlled warehouse space.

• Principal customers are leading American and international food companies, including Kellogg’s, Unilever and Kraft Heinz.

12 13 14 15 16

300

250

200

150

100

50

0

Cubic feet (Million)

Capacity of Cold Storage Facilities – United States

James Finlay• Founded in 1750, Finlays is a leading international

supplier of tea, coffee and natural ingredients for the global beverage industry. Has extensive interests across plantations, extraction, trading, R&D, packing and customer support.

• In the USA, Finlays operates as Finlay Extracts and Ingredients USA, a leading supplier of tea and coffee solutions to major beverage and food brand-owners and food service companies.

TEA

COLD STORAGE

• Invests in developing its capacities, with the provision of over 400,000 new pallet positions in the coming three to five years, to meet growing demand in the US market.

USCS’s Covington facility, Tennessee

• Supplies 7.8 million kg of coffee extracts and 9.6 million kg of tea extracts per annum to US customers, including leading food service outlets, major beverage manufacturers and most major dairies.

• US headquarters is located in Lincoln, Rhode Island, together with its coffee extract manufacturing facility and R&D laboratory, and is currently building a new R&D facility in Rhode Island.

Beverages & Food Chain (continued)

Finlay Extracts and Ingredients USA — Five-year Sales Growth

13 14 15 16

150

120

90

60

30

0

US$M

17 Forecast

Tea Extract Coffee Leaf

Marine Services

Swire Oilfield Services (SOS)• The world’s largest supplier of specialist offshore

containers to the global energy industry, providing a diverse range of oilfield services.

• Operating from 58 bases across 28 countries, SOS has a presence in all major oil and gas regions in Europe, Africa, Middle East & Caspian, North & South America and Asia Pacific.

• US headquarters in Spring, Texas, with five operational bases in the USA providing a full spectrum of products and services.

Purestream Services• A Utah-based company which primarily treats

produced water for re-use in the oil and gas, power generation, pulp and paper, as well as food and beverage industries.

• Offers innovative, economic and robust integrated water treatment solutions, including the patented AVARA advanced vapor recompression technology, which provides distilled quality water, as well as clean brine for re-use.

• Provides specialized induced-gas flotation technology combined with filtration to remove oil and grease and suspended solids from wastewater.


OFFSHORE SUPPORT SERVICES

GREEN INVESTMENTS

SOS Locations – United States (at 30th June 2017)

Houston

Spring

PortFourchon

HoumaMorganCity

Lafayette

Gulf of Mexico

C023053

UF1

7060

1

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