HONG LEONG ASIA LTD. MATTERS
ANNUAL REPORT 2021
GROUP PROFILE Hong Leong Asia Ltd (HLA) has been listed on the Singapore Exchange since 1998. It is part of the Singapore-based conglomerate, Hong Leong Group, one of the largest and most successful globalised corporations in Asia. Over the years, we have grown from a building materials supplier to a diversified Asian multinational known for our market leadership and financial strength. We work closely with our customers across the rapidly urbanising Asia to develop and deliver innovative solutions that will improve quality of life and drive sustainability for the cities of the future. DIESEL ENGINE UNIT China Yuchai International Limited's principal operating subsidiary is one of China's largest engine manufacturers. It manufactures, assembles and sells a variety of light-, medium-and heavy-duty engines for trucks, buses, passenger vehicles, industrial equipment and marine and agricultural applications, as well as high-value core spare parts for each application. BUILDING MATERIALS UNIT The Building Materials Unit manufactures and supplies essential building materials to the construction industries in Singapore and Malaysia. Building Materials Group ("BMG"), headquartered in Singapore is one of the largest integrated players selling all grades of ready-mix concrete as well as precast concrete elements for public housing construction. Tasek Corporation ("Tasek") headquartered in Malaysia is the fourth largest cement producer as well as one of the major ready-mix concrete players. RIGID PACKAGING UNIT Rex manufactures and distributes a wide range of rigid plastic packaging products for the industrial and consumer packaging markets. Its operational facilities based in China produce bottles, closures, jerry cans, pails and drums which are supplied to segments such as personal care, food & beverage, household, lubricants and chemicals. |
CONTENTS |
01 18 64 Group Profile CEO's Review Financial Report 02 22 209 Vision and Values Board of Directors Analysis of Shareholdings 04 26 211 Revenue Distribution Corporate Structure Notice of Annual General Meeting 05 27 Financial Highlights Corporate Directory 218 08 28 Additional Information on Directors Seeking Re-election Sales Highlights Sustainability Board Statement Proxy Form 12 Chairman's Message 32 Operating Network Corporate Governance Report |
VISION AND VALUES
The HLA Story
2 0 2 5
Just over a year ago, the senior management of Hong Leong Asia (HLA) unveiled their 2025 VISION AND CORE VALUES to its employees and key business leaders and exchanged stories on how the group has and would continue to make a difference.
We looked at the past to get clear on the values, behaviours, attitudes and core competencies that have served us well till today. We questioned ourselves on the gaps we needed to fill to seize new opportunities and move ahead in an increasingly disruptive world.
Who Are We, What Do We Offer and How Will We Grow?
How Do We Stay Grounded and Strive To Do Better?
" We are encouraging our employees to live and breathe the five corporate values - in keeping the customer first, doing the right things, thinking fast and working faster, minding the details that matter and creating an impact beyond our business."
Stephen Ho, Chief Executive Officer
WE REMAIN A DIVERSIFIED ASIAN MULTINATIONAL WITH CORE EXPERTISE IN BUILDING MATERIALS AND DIESEL ENGINES | WE LOOK TOWARDS CREATING INNOVATIVE AND SUSTAINABLE PRODUCTS, BY WORKING CLOSELY WITH OUR CUSTOMERS | IN ORDER TO CREATE GREATER VALUE FOR OUR CUSTOMERS TO DELIVER URBAN SOLUTIONS FOR CITIES OF THE FUTURE, PARTICULARLY IN THE AREAS OF CONSTRUCTION AND TRANSPORT |
Follow us as we navigate this journey to realise our fullest potential.
REVENUE DISTRIBUTIONFINANCIAL HIGHLIGHTS
REVENUE
(S$ million)
3,745*
3,786*
4,094*
4,496*
4,933*
2017
2018
2019
2020
2021
ATTRIBUTABLE PROFIT/(LOSS)
(S$ million)
PROFIT BEFORE TAX
(S$ million)
270*
199*
200*
195*
132*
2021
2017
2018
2019
2020
EARNINGS/(LOSS) PER SHARE
(cents)
60
8.0
2017
2018
2019
2020
2021
DIVIDEND PER SHARE
(cents)
0
2
0
2017
2018
2019
2020
2021
*Encompasses continuing operations only.
2017
2018
2019
2020
2021
PE0PLE
MATTER
WHICH IS WHY WE PLACE OUR CUSTOMERS FIRST AND STRIVE TO SUPPORT OUR COMMUNITIES IN NEW AND MEANINGFUL WAYS.
Our business directly touches, and relies on, thousands of people, and indirectly many more. We are creating meaningful jobs, looking after the safety and wellbeing of our people, investing in their career development, and supporting our communities.
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Hong Leong Asia Ltd. published this content on 29 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 March 2022 01:03:03 UTC.
