September 20, 2014 9:21 AM ET

Road and Rail

Company Overview of MTR Corporation Limited

Company Overview

MTR Corporation Limited designs, constructs, operates, maintains, and invests railways in Hong Kong, the Mainland China, and internationally. The company operates a rail-based transportation system in Hong Kong, comprising domestic and crossboundary services, a high-speed Airport Express, and a light rail system in Hong Kong. Its network consists of 218.2 kilometers of rail, as well as has 84 stations and 68 light rail stops. The company also provides intercity services to and from Mainland of China, as well as small bus services in Hong Kong. In addition, it rents station retail space in stations, as well as advertising space in trains and stations; and enables telecommunication services on...

MTR Headquarters Building

Telford Plaza

33 Wai Yip Street

Kowloon Bay,  

Hong Kong

Founded in 1975

23,573 Employees

Phone:

852 2993 2111

Fax:

852 2798 8822

Key Executives for MTR Corporation Limited

Acting Chief Executive Officer
Age: 53
Total Annual Compensation: $8.7M
Finance Director
Age: 51
Total Annual Compensation: $2.9M
Operations Director
Age: 52
Total Annual Compensation: $6.4M
Legal Director
Age: 41
Total Annual Compensation: $4.8M
Human Resources Director and Member of Corporate Responsibility Committee
Age: 53
Total Annual Compensation: $5.5M
Compensation as of Fiscal Year 2013.

MTR Corporation Limited Key Developments

Northwest Rapid Transit Consortium Wins New South Wales Government's $3.7 billion Contract

UGL Limited announced the New South Wales Government has awarded Northwest Rapid Transit Consortium the $3.7 billion operations contract to deliver the North West Rail. The NRT Consortium comprises UGL, MTR Corporation, John Holland Group, Leighton Contractors and Plenary Group. As part of a public private partnership with the New South Wales Government, NRT will design, build, finance and operate the new rapid transit service. It will service a 36 kilometre route between Rouse Hill and Chatswood, delivering Australia's first fully automated rapid transit system. When operations commence in the first half of 2019, NRT will operate 15 trains per hour during peak periods; a train every 4 minutes. UGL maintains a 40% share in a joint venture with MTR Corporation to design and deliver the tunnel systems, rolling stock, rail signaling and overall control systems. A new generation of fully automated rapid transit trains and automated train control systems will be delivered by international train manufacturer Alstom. The fleet will be based on the Metropolis train in service globally across locations including Paris, Singapore, Dubai and Hong Kong. Operations and maintenance of the service will be undertaken by UGL, MTR Corporation and John Holland over 15 years. UGL will maintain a 20% share of this joint venture.

MTR Corporation Limited, H1 2014 Earnings Call, Aug 25, 2014

MTR Corporation Limited, H1 2014 Earnings Call, Aug 25, 2014

MTR Announces Financial Results for the Six Months of 2014

MTR announced financial results for the six months of 2014. For the period, the company reported total revenue increased by around 1.3% to $19.5 billion; EBITDA of $7.8 billion was up at 6.8%; EBITDA margin rising to 40.2%, helped by Mainland of China and international subsidiaries. Property development profits came in at $245 million, mainly coming from agency fees for the West Rail property developments and the sale of some of own inventory units. Profits from underlying businesses were therefore about $4.4 billion, with underlying earnings per share of $0.76. Recurrent profits, excluding property developments, were up 10% to around -- to $4.2 billion. Despite the lower property development profit, Total operating profit was $8.1 billion, 2.7% higher than the same period last year. The variable annual payment to KCRC was $0.7 billion. And then after, an income tax charge of $1.1 billion and noncontrolling interest, the reported net profit to shareholders was $7.9 billion, which is 28.5% higher than the same period last year. On the cash inflow side, cash flow operating activities remained strong and up 6.4% to $7.8 billion. The company also paid $6.2 billion for CapEx for existing and new rail lines in Hong Kong and also for Shenzhen Metro rail and property development project.

Recent Private Companies Transactions

Type
Date
Target
Buyback
May 8, 2014
--
Merger/Acquisition
December 13, 2013
Properties Located at Choi Hung
 

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