Sands China Ltd.

Sands China Ltd.

Sands China Ltd.

Overview
Date Founded

2009

Headquarters

183 Queen's Road East,Hopewell Centre,Level 54,Hong Kong

Type of Company

Public

Employees (Worldwide)

28.3K

Industries

Casinos & Gaming
Hotels, Resorts, and Cruiselines

Company Description

Sands China Ltd We are the leading developer, owner and operator of multi-use integrated resorts and casinos in Macao. Macao is the largest gaming market in the world as measured by casino gaming revenue and is the only location in China offering legalized casino gaming. Venetian Macau Limited, our subsidiary, holds one of six concessions or subconcessions permitted by the Macao Government to operate casinos or gaming areas in Macao. We own The Venetian® Macao, Sands® Macao, The Plaza™ Macao and Sands® Cotai Central. We also own CotaiExpo™, one of the largest convention and exhibition halls in Asia; Macao’s largest entertainment venue, The CotaiArena™; the 1,800-seat luxury Venetian Theatre; and CotaiJet™, one of two major high-speed ferry companies operating between Hong Kong and Macao. Our luxury and mid-market retail malls feature over 500 shops with well-known retail brands. Once Sands Cotai Central is fully open (scheduled for early 2013), our properties will feature a combined 9,324 hotel rooms and over 100 different restaurants and food outlets. Our business strategy is to develop Cotai and to leverage our integrated resort business model to create Asia’s premier gaming, leisure and convention destination. Our ultimate plans for Cotai include four interconnected integrated resorts, which leverage a wide range of branded hotel and resort offerings to attract different segments of the market. We are a subsidiary of Las Vegas Sands Corp. (NYSE: LVS), the parent company of The Venetian® Resort-Hotel-Casino and The Palazzo® Resort-Hotel-Casino, Sands® Expo and Convention Center in Las Vegas and Sands® Casino Resort Bethlehem, Pennsylvania’s first gaming resort destination in the United States.

Executives & Employees

Chief Executive Officer

President, Chief Operating Officer & Executive Director

Chief Financial Officer

Chief of Staff

Secretary & Senior Vice President-Legal

Senior Vice President of Development & Shared Services & Director of Sands Cotai Central

Board of Directors

Founder at Las Vegas Sands Corp.

Former Chairman & Chief Executive Officer at Centric Events Group LLC

President, Chief Operating Officer & Executive Director at Sands China Ltd.

President & Chief Operating Officer at Las Vegas Sands Corp.

Managing Partner at Pacific Alliance Equity Partners Ltd.

Former Financial Service Specialist, Hong Kong & China at PricewaterhouseCoopers LLP

Former Vice Chairman, President & Chief Executive Officer at Power Efficiency Corp.

Former Executive Director at Dexus

Chief Executive Officer, Asia at Hard Rock International Ltd.

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Owners & Shareholders
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Schroder-HK is an active, long-term, research-oriented manager which seeks to exploit inefficiencies in equity and bond markets through diversification and active portfolio management. Their investment approach is based on in-house research and is backed by their Group's resources. To determine a business's potential for long-term value creation, the firm considers a company's valuation and earnings power, and their ability to service debt. Portfolio managers pursue the research ideas that carry their highest conviction. The employ proprietary tools to construct portfolios that aim to maximize returns with an appropriate level and distribution of risk. Schroder-HK selects bonds by taking small, frequent investment decisions across the widest possible range of uncorrelated opportunities. Their primary objective is to extract a proportion of outperformance from duration, yield curve, sector allocation and security selection. A team of senior investment professionals drawn from each asset class makes asset allocation recommendations. They consider the outlook for financial markets, subsequently setting load differences against a global balanced benchmark to establish the house view. Schroder-HK utilizes their proprietary Global Research Investment Database (GRID) to distribute in-house and external research to all of their investment professionals. Their proprietary interactive risk management software system (PRISM) enables fund managers to monitor portfolios in real-time and deconstruct portfolios, attributing risk to stocks, sectors, countries and investment styles.

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FIL-HK employs a bottom-up, fundamental research-based investment approach aiming to uncover mispricing to add value to investments. Their analysts undertake extensive first-hand company research. They give portfolio managers discretion in their choice of management style. The portfolio managers meet with peers and senior members of the investment team to review performance and chart strategies for stock selection. The firm shares a proprietary global communications network with Fidelity Management, enabling their portfolio managers, research analysts and traders around the world to instantly distribute the latest corporate developments and research findings to each other and to their Fidelity Management counterparts.

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SSgA-Asia uses various methods of analysis as necessary for the respective strategy including quantitative, fundamental, technical, cyclical, indexing and charting. The investment strategies deployed are active and indexed equity, private equity and multi-asset class solutions (asset allocation). The firm is a research-driven, index-oriented equity manager which specializes in developed and emerging Asian markets, and relies primarily on computerized analysis. They manage Asian equity funds tracking the Hang Seng, MSCI and Topix indexes, employing a computerized approach to portfolio management. SSgA-Asia also actively manages Asian equity funds covering China, Hong Kong, and the Asia Pacific region. Through their China and Hong Kong funds, they seek to exploit market inefficiencies following a quantitative value and growth investment style complemented by company visits. The funds are invested in all-cap core companies. Performances are measured respectively against the MSCI China and a customized version of the MSCI Hong Kong index. Their Asia Pacific fund invests in core all-cap companies and relies on quantitatively determined country allocation and stock selection to generate returns. They measure performance against the MSCI All Country Asia Pacific index.

Recent Transactions
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Sands China Ltd. issued HKD Ordinary Shares

Transaction Advisors
Underwriter

Advised onSands China Ltd. issued HKD Ordinary Shares

Underwriter

Advised onSands China Ltd. issued HKD Ordinary Shares

Global Coordinator

Advised onSands China Ltd. issued HKD Ordinary Shares

Advisors & Consultants
Consultant

Chief Executive Officer, Asia at Hard Rock International Ltd.

Legal Advisor

Partner at Davis Polk & Wardwell LLP

Legal Advisor

Partner at Davis Polk & Wardwell LLP

Clients

LVMH Moët Hennessy Louis Vuitton SE engages in the manufacture of luxury goods. It operates through the following business segments: Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry, Selective Retailing, and Other Activities & Eliminations. The Wines & Spirits segment produces and sells high quality champagne wines and sparkling wines. It also distributes vodka and white liquor. The Fashion & Leather Goods segment engages in the manufacture of luggage items, bags, accessories, shoes and clothes. The Perfumes & Cosmetics segment engages in the production and distribution of make-up, perfume and skin care products. The Watches & Jewelry segment manufactures luxury watches and accessories form men and women. It specializes in the field of chronographs and ultimate precision. The Selective Retailing segment is organized to promote an environment that is appropriate to the image and status of the luxury brands. It engages in the sale of luxury products to international travelers and on board cruise ships. This segment also manages beauty stores that combine direct access and customer assistance to customers. The Other Activities & Eliminations segment includes media division. It publishes newspapers and magazines, manages business and financial websites and holds radio stations. This segment also engages in the real estate industry and builds luxury yachts. The company was founded on January 1, 1987 and is headquartered in Paris, France.

L Brands, Inc. engages in the retail business. It is focused on women's intimate and other apparel, personal care and beauty categories. It operates its business through the following segments: Victorias Secret, Bath & Body Works, and Victoria's Secret and Bath & Body Works International. Its brands include Victorias Secret, Bath and Body Works, Pink, La Senza, and Henri Bendel. The company was founded by Leslie Herbert Wexner in 1963 and is headquartered in Columbus, OH.

NIKE, Inc. engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America; Europe, Middle East & Africa; Greater China; Asia Pacific & Latin America; Global Brand Divisions; Converse; and Corporate. The North America; Europe, Middle East & Africa; Greater China; and Asia Pacific & Latin America segments refers to the design, development, marketing, and selling of athletic footwear, apparel, and equipment. The Global Brand Divisions represents NIKE Brand licensing businesses. The Converse segment designs, markets, licenses, and sells casual sneakers, apparel, and accessories. The Corporate segment consists of unallocated general and administrative expenses. The company was founded by William Jay Bowerman and Philip H. Knight in 1964 and is headquartered in Beaverton, OR.

Key Stats and Financials As of 2018
Market Capitalization
$324B
Total Enterprise Value
$300B
Earnings Per Share
$1.82
Revenue
$41B
Net Profit
$14.7B
EBITDA
$23B
EBITDAMargin
56.08%
Total Debt
$43.5B
Total Equity
$34.5B
Enterprise Value Sales
7.31x
Enterprise Value EBITDAOperating
13.03x
TEVNet Income
20.4x
Debt TEV
0.15x
Three Year Compounded Annual Growth Rate Of Revenue
8.2%
Five Year Compounded Annual Growth Rate Of Revenue
0.89%
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Hilton Worldwide Holdings, Inc. Hotels, Resorts, and Cruiselines | MCLEAN, VA

Hilton Worldwide Holdings, Inc. engages in the provision of hospitality businesses. It operates through the following segments: Ownership and Management & Franchise. The Ownership segment includes owned, leased, and joint venture hotels. The Management & Franchise segment manages hotels and timeshare properties, and license its brands to franchisees. The company was founded by Conrad Hilton on March 18, 2010 and is headquartered in McLean, VA.

InterContinental Hotels Group Plc Recreation & Leisure | Denham, BU

InterContinental Hotels Group Plc owns and operates hotels. Its hotel brands include: InterContinental, Crowne Plaza, Hotel Indigo, Holiday Inn, Holiday Inn Express, Staybridge Suites, Candlewood Suites, EVEN Hotels, IHG Rewards Club, Kimpton and HUALUXE Hotels and Resorts. The company operates through the following segments: Europe, Middle East, Asia and Africa (EMEAA), Americas, and Greater China. InterContinental Hotels Group was founded in 1777 and is headquartered in Denham, the United Kingdom.

Competitors
Galaxy Entertainment Group Ltd. Casinos & Gaming - Macao, Anhui

Galaxy Entertainment Group Ltd. is an investment holding company, which engages in the management of casino games and provision of hospitality and related services. It operates through the following segments: Gaming and Entertainment, Construction Materials, and Corporate and Treasury Management. The Gaming and Entertainment segment manages gaming facilities and offers hospitality services. The Construction Materials segment includes manufacture and sale of construction materials. The Corporate and Treasury management segment represents corporate level activities including central treasury management and administrative function. The company was founded by Che Woo Lui in 1955 and is headquartered in Hong Kong.

Marriott International, Inc. Hotels, Resorts, and Cruiselines - Bethesda, Maryland

Marriott International, Inc. engages in the operation and franchise of hotel, residential, and timeshare properties. It operates through the following business segments: North American Full-Service; North American Limited-Service; Asia Pacific; and Other International. The North American Full-Service segment includes luxury and premium brands located in the U.S. and Canada. The North American Limited-Service segment comprises select brands located in the U.S. and Canada. The Asia Pacific segment focuses in all brand tiers in Asia Pacific region. The company was founded by J. Wiliard Marriot and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, MD.

Hyatt Hotels Corporation Hotels, Resorts, and Cruiselines - CHICAGO, IL

We are a global hospitality company with widely recognized, industry leading brands and a tradition of innovation developed over our more than fifty-year history. Our mission is to provide authentic hospitality by making a difference in the lives of the people we touch every day. We focus on this mission in pursuit of our goal of becoming the most preferred brand in each segment that we serve for our associates, guests, and owners. We support our mission and goal by adhering to a set of core values that characterizes our culture. We manage, franchise, own and develop Hyatt branded hotels, resorts and residential and vacation ownership properties around the world. As of June 30, 2012, the company's worldwide portfolio consisted of 492 properties

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