YTL Corporation Berhad
Encyclopedia
YTL Corporation Berhad is Malaysia's leading integrated infrastructure conglomerates
founded by Tan Sri Dato' Seri Yeoh Tiong Lay
, after whom the group is named. Under stewardship of Tan Sri Dato' Seri (Dr) Francis Yeoh Sock Ping
since 1988, YTL has grown tremendously from a small construction firm into a global utilities player derived 70% of its revenue from outside its home country.
in 1955. His oldest son, Tan Sri Dato' Seri (Dr) Francis Yeoh Sock Ping
, became the Managing Director of YTL Corp in 1988. Under Tan Sri Dato' Seri (Dr) Francis Yeoh Sock Ping
's stewardship, the YTL Group grew from a single listed entity in 1985 to a force comprising five listed companies. Today, YTL Corp is one of the Bursa Malaysia
's largest companies and together with its listed subsidiaries has a combined Market Capitalisation of about RM37.2 billion (USD 12 billion). The company has also been listed on the Tokyo Stock Exchange
since 1996, being the first Asian non-Japanese company to be listed there.
YTL Group strategy of acquiring valuable assets at attractive or distressed price had generated excellent returns for shareholders, successfully contributing to an annual average compounded growth rate of 55% over the last 15 years. Over the last decade has seen the group's portfolio of business had grown tremendously from a small construction firm into a sprawling business empire involved in power, utilities, cement, construction, real estate, information technology and leisure spanning across Asia-Pacific and Europe. These various business units contributed at least RM1bil a year in dividends to YTL Corp and by 2015, the dividend contribution is expected to double.
Amongst the group's key businesses are utilities, operating and maintenance (O&M) activities, high speed rail, cement
manufacturing, construction
contracting, property development, hotels & resorts, technology incubation, real estate investment trust (REIT), and carbon consulting. YTL serves more than 12 million customers in over three continents.
In 2010 Malaysian Business Magazine Top 100 Companies survey of Malaysia’s largest listed companies, YTL Corp has emerged as the largest non-government linked company in Malaysia. YTL Corp has also been named as one of the Top 250 Global Energy Companies in Asia under the Platts Top 250 Global Energy Company rankings and also earned a ranking of 15 overall in the Fastest Growing Asian Companies.
YTLPI also owns a 60% stake in YTL Communications, which has approval from the Malaysian Communications and Multimedia Commission (MCMC) to operate a 2.3 GHz WiMAX wireless broadband network in Malaysia known as YES, rolled out its service on 19th November 2010.
YTLPI has 100% stake in Wessex Water Services Limited, a water and sewerage services company that serves an area of the south west of England, is rank one of the most efficient water and sewerage operators in the United Kingdom. YTLPI has a one-third stake in ElectraNet S.A. which owns and operates the electricity transmission network in South Australia.
for £544.5 million in cash and assumed £695 million of debts. Wessex Water is a regional water and sewerage operators in the United Kingdom serving parts of south west and southern England. The area cover by Wessex Water include Dorset, Somerset, Bristol, most of Wiltshire and parts of Gloucestershire and Hampshire.
Wessex Water is recognized by the water industry regulator, Ofwat, as one of the most efficient water and sewerage companies in England and Wales.
and Ngee Ann City
. In Tokyo, it has seven properties located in the prime areas of Roppongi, Shibuya-ku, Minato-ku and Meguro-ku and also one retail property known as Renhe Spring Zongbei Department Store in Chengdu, China.
The acquisition of David Jones Building in Perth, Australia in the early of 2010, was completed at a purchase price of A$114.5 million. On June 28 2010, the acquisition of Lot 10
and Starhill Gallery
in Kuala Lumpur,Malaysia expanded Starhill Global REIT’s portfolio to 13 assets located in Singapore, China, Japan, Australia and Malaysia.
Ltd. PowerSeraya is the second largest power generation company in Singapore by installed capacity, supply about a quarter of Singapore's total licensed generation capacity. It has a licensed generating capacity of 3,100MW and is situated on Jurong Island, Singapore. Seraya Energy
Pte Ltd, a 100% subsidiary of PowerSeraya, is the leading power supplier in Singapore electricity market with 18% total market share in 2007.
Conglomerate (company)
A conglomerate is a combination of two or more corporations engaged in entirely different businesses that fall under one corporate structure , usually involving a parent company and several subsidiaries. Often, a conglomerate is a multi-industry company...
founded by Tan Sri Dato' Seri Yeoh Tiong Lay
Yeoh Tiong Lay
Tan Sri Dato' Seri Dr. Yeoh Tiong Lay is a Malaysian business tycoon and a prominent philanthropist. He founded YTL Corporation, Malaysia's biggest and most successful conglomerate with interests in construction, utilities, hotels, property development and technology...
, after whom the group is named. Under stewardship of Tan Sri Dato' Seri (Dr) Francis Yeoh Sock Ping
Francis Yeoh
Tan Sri Dato' Francis Yeoh Sock PingCBE is a prominent business personality in Malaysia, and the eldest son of Malaysian billionaire Tan Sri Dato' Seri Yeoh Tiong Lay...
since 1988, YTL has grown tremendously from a small construction firm into a global utilities player derived 70% of its revenue from outside its home country.
Corporate Information
The YTL Corporation (YTL Corp) was founded by Tan Sri Dato' Seri (Dr.) Yeoh Tiong LayYeoh Tiong Lay
Tan Sri Dato' Seri Dr. Yeoh Tiong Lay is a Malaysian business tycoon and a prominent philanthropist. He founded YTL Corporation, Malaysia's biggest and most successful conglomerate with interests in construction, utilities, hotels, property development and technology...
in 1955. His oldest son, Tan Sri Dato' Seri (Dr) Francis Yeoh Sock Ping
Francis Yeoh
Tan Sri Dato' Francis Yeoh Sock PingCBE is a prominent business personality in Malaysia, and the eldest son of Malaysian billionaire Tan Sri Dato' Seri Yeoh Tiong Lay...
, became the Managing Director of YTL Corp in 1988. Under Tan Sri Dato' Seri (Dr) Francis Yeoh Sock Ping
Francis Yeoh
Tan Sri Dato' Francis Yeoh Sock PingCBE is a prominent business personality in Malaysia, and the eldest son of Malaysian billionaire Tan Sri Dato' Seri Yeoh Tiong Lay...
's stewardship, the YTL Group grew from a single listed entity in 1985 to a force comprising five listed companies. Today, YTL Corp is one of the Bursa Malaysia
Bursa Malaysia
Bursa Malaysia is an exchange holding company approved under Section 15 of the Capital Markets and Services Act 2007. It operates a fully integrated exchange, offering the complete range of exchange-related services including trading, clearing, settlement and depository services.- History :Bursa...
's largest companies and together with its listed subsidiaries has a combined Market Capitalisation of about RM37.2 billion (USD 12 billion). The company has also been listed on the Tokyo Stock Exchange
Tokyo Stock Exchange
The , called or TSE for short, is located in Tokyo, Japan and is the third largest stock exchange in the world by aggregate market capitalization of its listed companies...
since 1996, being the first Asian non-Japanese company to be listed there.
YTL Group strategy of acquiring valuable assets at attractive or distressed price had generated excellent returns for shareholders, successfully contributing to an annual average compounded growth rate of 55% over the last 15 years. Over the last decade has seen the group's portfolio of business had grown tremendously from a small construction firm into a sprawling business empire involved in power, utilities, cement, construction, real estate, information technology and leisure spanning across Asia-Pacific and Europe. These various business units contributed at least RM1bil a year in dividends to YTL Corp and by 2015, the dividend contribution is expected to double.
Amongst the group's key businesses are utilities, operating and maintenance (O&M) activities, high speed rail, cement
Cement
In the most general sense of the word, a cement is a binder, a substance that sets and hardens independently, and can bind other materials together. The word "cement" traces to the Romans, who used the term opus caementicium to describe masonry resembling modern concrete that was made from crushed...
manufacturing, construction
Construction
In the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of human multitasking...
contracting, property development, hotels & resorts, technology incubation, real estate investment trust (REIT), and carbon consulting. YTL serves more than 12 million customers in over three continents.
In 2010 Malaysian Business Magazine Top 100 Companies survey of Malaysia’s largest listed companies, YTL Corp has emerged as the largest non-government linked company in Malaysia. YTL Corp has also been named as one of the Top 250 Global Energy Companies in Asia under the Platts Top 250 Global Energy Company rankings and also earned a ranking of 15 overall in the Fastest Growing Asian Companies.
Core Business Activities
- Utilities
- High Speed Rail
- Operation and Maintenance (O&M)
- Cement Manufacturing
- Construction Manufacturing
- Property Development & Hotels
- Technology Incubation
- Carbon Consulting
YTL Power International
YTL Power International Berhad (YTLPI) is the utility subsidiary of YTL Corp. YTLPI owns and operates some 5,500MW of gas, oil and coal-fired power generation plants in Malaysia, Singapore and Indonesia. In Malaysia, YTLPI is the builder and owner of two gas fired combined cycle power plants with a combined capacity of 1,212 MW. YTLPI has a 35% stake in PT Jawa Power, the second largest IPP in Indonesia, which owns a 1,220MW coal-fired power plant located at the Paiton Power Generation Complex in East Java, Indonesia. YTLPI through its wholly owned subsidiary PowerSeraya Limited in Singapore, is the second largest power generation company in terms of installed capacity, with a total licensed capacity of 3,100 MW, and also is an active trader of oil products where it has approximately 1 million m3 of storage capacity.YTLPI also owns a 60% stake in YTL Communications, which has approval from the Malaysian Communications and Multimedia Commission (MCMC) to operate a 2.3 GHz WiMAX wireless broadband network in Malaysia known as YES, rolled out its service on 19th November 2010.
YTLPI has 100% stake in Wessex Water Services Limited, a water and sewerage services company that serves an area of the south west of England, is rank one of the most efficient water and sewerage operators in the United Kingdom. YTLPI has a one-third stake in ElectraNet S.A. which owns and operates the electricity transmission network in South Australia.
YTL Cement
YTL Cement Bhd is one of the largest, most efficient and profitable manufacturers of Cement and ready mixed concrete products in Malaysia with interest in Jurong Cement Limited in Singapore and a 100% interest in Zhejiang Lin'an Jin Yuan Cement Co Ltd in China.Syarikat Pembenaan Yeoh Tiong Lay
YTL Corp's flagship construction arm is 100%-owned Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd (SPYTL), a "Class A" Malaysian Turnkey contractor, which has successfully completed approximately RM7.25 billion (US$2.1bn) worth of contracts on schedule and on budget.YTL Land & Development
YTL Land & Development Bhd (YTL L&D) currently has a land bank of more than 2,000 acres in Malaysia. Its largest project at present is Sentul, a urban renewal project, is an innovative 294 acre residential and commercial development and Malaysia's first private gated park. YTL Land will be also developing Singapore’s Sandy Island and Kasara villas in Sentosa Cove and redeveloping Westwood Apartments on Orchard Boulevard.YTL Hotels
YTL Hotels (YTL Hotels & Properties Sdn Bhd) is the hospitality arm of YTL Corp, is involved in both the ownership and management of hotels and resorts and operations of luxury trains. Vistana Hotel is the business-class hotel operated by YTL Hotels in Kuala Lumpur, Kuantan and Penang.YTL e-Solutions
YTL Corp undertakes IT and e-commerce initiatives through 74%-owned YTL e-Solutions Bhd, which is a technology incubator listed on the Mesdaq Market of the Bursa Malaysia. Infoscreen Networks PLC, a digital narrowcasting business listed on the AIM Market of the London Stock Exchange, through YTL Info Screen Sdn Bhd owns and operates four digital narrow cast media networks in the Bukit Bintang area of Kuala Lumpur, and on the Express Rail Link Train to Kuala Lumpur International Airport in Malaysia.YTL-SV Carbon
In 2008, YTL Corp acquired a 75% stake in the Malaysian-based Clean Development Mechanism (CDM) developer, YTL-SV Carbon Sdn Bhd (then known as SV Carbon), is currently the largest CDM consultancy in Malaysia and the fifth largest in ASEAN with projects in Malaysia, Indonesia, Vietnam and China.ElectraNet Pty Ltd
In 2000, YTL Power had acquired 33.5 % of Australia's ElectraNet Pty Ltd for some RM1.9 billion. ElectraNet which owns and operates the power transmission network in South Australia, under a 200-year power transmission concession.Wessex Water
In May 2002, YTL Power International acquired 100% stake in Wessex WaterWessex Water
Wessex Water Services Limited, known as Wessex Water, is a water supply and sewerage utility company serving an area of the south west of England, covering 10,000 square kilometres including Dorset, Somerset, Bristol, most of Wiltshire and parts of Gloucestershire and Hampshire...
for £544.5 million in cash and assumed £695 million of debts. Wessex Water is a regional water and sewerage operators in the United Kingdom serving parts of south west and southern England. The area cover by Wessex Water include Dorset, Somerset, Bristol, most of Wiltshire and parts of Gloucestershire and Hampshire.
Wessex Water is recognized by the water industry regulator, Ofwat, as one of the most efficient water and sewerage companies in England and Wales.
PT Jawa Power
In 2004 YTL Power International bought a 35% stake in PT Jawa Power for US$139.4 million from PT Bumipertiwi Tatrapradipta. PT Jawa Power is the second largest independent power producer (IPP) in Indonesia. It has a 1,220MW coal-fired power plant located at the Paiton Power Generation Complex in East Java, Indonesia. PT Jawa Power has a 30-year PPA with PT PLN (Persero), the state-owned electric utility company.Starhill Global REIT
In October 2008, YTL Corporation announced that it will acquire 26% stake in Starhill Global REIT (then known as Macquarie Prime REIT) for S$202 million. Based on the acquisition price, it is a 49% discount to its net asset value and estimated dividend yield for 2009 is approximately 9.4%. Starhill Global has a property portfolio comprising two landmark shopping complex in Orchard Road, Singapore — Wisma AtriaWisma Atria
Wisma Atria is an established shopping mall on Orchard Road in Singapore with retail businesses on 5 levels. The centre which opened in 1986, is directly linked underground to Orchard MRT station and neighbouring centres...
and Ngee Ann City
Ngee Ann City
Ngee Ann City is a shopping and commercial centre located on Orchard Road, Singapore. The S$520 million building was officially opened on 21 September 1993 by then Prime Minister, Goh Chok Tong. Many Singaporeans refer to Ngee Ann City as "Taka", a slang-abbreviation of the anchor tenant's name,...
. In Tokyo, it has seven properties located in the prime areas of Roppongi, Shibuya-ku, Minato-ku and Meguro-ku and also one retail property known as Renhe Spring Zongbei Department Store in Chengdu, China.
The acquisition of David Jones Building in Perth, Australia in the early of 2010, was completed at a purchase price of A$114.5 million. On June 28 2010, the acquisition of Lot 10
Lot 10
Lot 10 is a shopping complex within central Kuala Lumpur's shopping and entertainment district, Bintang Walk. It serves the wealthy and it is the equivalent of other city's high-class shopping such as Fifth Avenue or Knightsbridge in the 1990s. It was officially opened on 1 August 1990. It is...
and Starhill Gallery
Starhill Gallery
Starhill Gallery is an upscale, luxury retail mall located on Kuala Lumpur's famed Bukit Bintang district. It features more than a hundred renowned luxury timepiece and jewellery brands and dozens of other contemporary luxury labels...
in Kuala Lumpur,Malaysia expanded Starhill Global REIT’s portfolio to 13 assets located in Singapore, China, Japan, Australia and Malaysia.
PowerSeraya
In December 2008, YTL Power International Bhd announced that it will pay S$3.6bil cash and take on a debt of $201 million for PowerSerayaPowerSeraya
PowerSeraya Limited is one of the key energy players in Singapore, generating about 30% of the country’s energy needs through its multi-utilities platform. With a primary focus on generation and retailing of electricity, the company also offers steam, water as well as physical oil trading and...
Ltd. PowerSeraya is the second largest power generation company in Singapore by installed capacity, supply about a quarter of Singapore's total licensed generation capacity. It has a licensed generating capacity of 3,100MW and is situated on Jurong Island, Singapore. Seraya Energy
Seraya Energy
Seraya Energy is an electricity retailer serving the Singapore electricity market. It is the retail arm of PowerSeraya Limited, one of the largest power generation companies in Singapore...
Pte Ltd, a 100% subsidiary of PowerSeraya, is the leading power supplier in Singapore electricity market with 18% total market share in 2007.
YTL Properties Portfolio
- Starhill GalleryStarhill GalleryStarhill Gallery is an upscale, luxury retail mall located on Kuala Lumpur's famed Bukit Bintang district. It features more than a hundred renowned luxury timepiece and jewellery brands and dozens of other contemporary luxury labels...
, Kuala Lumpur, Malaysia - Lot 10 Shopping CentreLot 10Lot 10 is a shopping complex within central Kuala Lumpur's shopping and entertainment district, Bintang Walk. It serves the wealthy and it is the equivalent of other city's high-class shopping such as Fifth Avenue or Knightsbridge in the 1990s. It was officially opened on 1 August 1990. It is...
, Kuala Lumpur, Malaysia - Wisma AtriaWisma AtriaWisma Atria is an established shopping mall on Orchard Road in Singapore with retail businesses on 5 levels. The centre which opened in 1986, is directly linked underground to Orchard MRT station and neighbouring centres...
, SingaporeSingaporeSingapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the... - Ngee Ann CityNgee Ann CityNgee Ann City is a shopping and commercial centre located on Orchard Road, Singapore. The S$520 million building was officially opened on 21 September 1993 by then Prime Minister, Goh Chok Tong. Many Singaporeans refer to Ngee Ann City as "Taka", a slang-abbreviation of the anchor tenant's name,...
, Singapore - Kasara - The Lake, Singapore
- Renhe Spring Zongbei Department Store, ChengduChengduChengdu , formerly transliterated Chengtu, is the capital of Sichuan province in Southwest China. It holds sub-provincial administrative status...
, China - David Jones Building, Perth, Australia
Hotels
- Ritz-Carlton Kuala LumpurRitz-Carlton Kuala LumpurRitz-Carlton Kuala Lumpur is a luxury hotel in Kuala Lumpur, Malaysia. It opened on December 1, 1997 and contains 248 guest rooms.-List of awards:* "Top 5 Butlers Hotel in the World" – The Independent, United Kingdom...
- The Residences at the Ritz Carlton Kuala Lumpur
- JW Marriott Kuala LumpurJW Marriott Kuala LumpurThe JW Marriott, Kuala Lumpur is a 5-star flagship boutique hotel of the Marriott Hotel Group in Kuala Lumpur's central business district. It is 23 stories tall with 491 rooms, 20 meeting rooms- of total meeting space.-History:...
- Swatch Art Peace Hotel, Shanghai, China
- Muse, Saint-Tropez, France
- The Majestic Malacca
- Vistana Hotel Kuala Lumpur
- Vistana Hotel Kuantan
- Vistana Hotel Penang
Resorts
- Pangkor Laut Resort, Perak, Malaysia
- Tanjong Jara Resort, Terengganu, Malaysia
- Cameron Highlands Resort, Pahang, Malaysia
- Niseko Village, Hokkaido, Japan
- Spa Village Resort Tembok Bali, Indonesia
- The Surin, Phuket, Thailand
- Pulau Gaya Resort, Sabah, Malaysia (Opening in April 2012)
- Pulau Tiga Resort, Sabah, Malaysia (Opening in 2012)