YTL Corporation

YTL Corporation Berhad (myx: 4677, tyo: 1773) is a Malaysian infrastructure conglomerate, founded in 1955 by Tan Sri Dato' Seri Yeoh Tiong Lay, after whom the group is named. The company has grown from a small construction firm into an international utilities company which derives over 70 percent of its revenue from outside its home country.

History
The YTL Corporation (YTL Corp) was founded by Tan Sri Dato' Seri (Dr.) Yeoh Tiong Lay in 1955. His oldest son, Tan Sri Dato' Seri (Dr) Francis Yeoh Sock Ping, became the Managing Director of YTL Corp in 1988. Under Yeoh's stewardship, the YTL Group grew from a single listed entity in 1985 to a group of 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 RM30.8 billion (USD 10.15 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 had an annual average compounded growth rate of 55% over the 15 years to 2010. The group's portfolio of business includes power, utilities, cement, construction, real estate, information technology and leisure in Asia-Pacific and Europe. These various business units contributed at least RM1bil a year in dividends to YTL Corp.

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.

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 19 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. 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 a manufacturer of cement and ready-mix 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 Pembinaan YTL
YTL Corp's flagship construction arm is 100%-owned Syarikat Pembinaan YTL Sdn Bhd (SPYTL), a "Class A" Malaysian Turnkey contractor, which 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, an urban renewal project, is a 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 operation of luxury trains. Vistana Hotel is a business-class hotel group 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, a technology incubator listed on the MESDAQ market of the Bursa Malaysia. Infoscreen Networks PLC is a digital narrowcasting business listed on the Alternative Investment 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), which 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 agreement.

Wessex Water
In May 2002, YTL Power International acquired a 100% stake in Wessex Water 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.

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, holding 15%. Another shareholder is Siemens Project Ventures GmbH with 50% of the shares. 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 Atria 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 28 June 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.

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 PowerSeraya 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, had 18% total market share of the Singapore electricity market in 2007.

Properties portfolio

 * Starhill Gallery, Kuala Lumpur, Malaysia
 * Lot 10 Shopping Centre, Kuala Lumpur, Malaysia
 * Wisma Atria, Orchard Road, Singapore
 * Ngee Ann City, Orchard Road, Singapore
 * Kasara - The Lake, Singapore
 * Renhe Spring Zongbei Department Store, Chengdu, China
 * David Jones Building, Perth, Australia

Hotels

 * Sydney Harbour Marriott Hotel
 * Melbourne Marriott Hotel
 * Brisbane Marriott Hotel
 * Ritz-Carlton Kuala Lumpur
 * The Residences at the Ritz Carlton Kuala Lumpur
 * JW Marriott Kuala Lumpur
 * The Gainsborough Bath Spa Hotel
 * Swatch Art Peace Hotel, Shanghai, China
 * Muse, Saint-Tropez, France
 * The Majestic Hotel Kuala Lumpur
 * The Majestic Malacca
 * Hilton Niseko Village
 * The Green Leaf Niseko
 * 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
 * Pulau Gaya Resort, Sabah, Malaysia
 * Niseko Village, Hokkaido, Japan
 * Spa Village Resort Tembok Bali, Indonesia
 * The Surin, Phuket, Thailand