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50.1%∆
JC&C share42.6%Ω
JM share via JC&C
Contribution to underlying net profit
US$808m
46%§
2024 Review
Indonesia-listed diversified conglomerate with seven business lines
- Astra Triple-P Roadmap focuses on portfolio, people and public contribution to meet its vision of becoming the Pride of the Nation
Indonesia’s:
- #1 automotive group
- #1 heavy equipment distributor and mining contractor and operator
- Top financial services provider for automotive and domestic insurance, expanding into digital banking
- Top private investor in infrastructure
- Strategic investment in healthcare
Jardines representatives on Astra’s Board of Commissioners
Ben Keswick
John Witt
Stephen Gore
John Witt
Stephen Gore
JC&C representatives
Ben Birks
Amy Hsu
Amy Hsu
INEDs representation
36%
53.3%Ω
JM share
Contribution to underlying net profit
US$218m
22%§
Major listed property, investment, management and development group in Asia
- Strategic focus to be a leader in management of ultra-premium integrated commercial properties in Asia’s gateway cities
- 830,000 sq. m. flagship properties in Hong Kong, Singapore and Shanghai
- Anchored by three integrated commercial portfolios in Central, Hong Kong; Marina Bay, Singapore; and West Bund, Shanghai
Jardines representatives
John Witt^
Adam Keswick
Adam Keswick
INEDs representation
25%
85.0%Ω
JM share
Contribution to underlying net profit*
US$99m
5%§
Jardine Matheson’s listed investment holding company with a focus on dynamic economies of Indonesia and Vietnam
- JC&C’s strategic objective is to grow faster than Southeast Asia and elevate the communities within which they operate
- Invested in Southeast Asia with portfolio of industry-leading businesses: Astra and Tunas Ridean in Indonesia; Truong Hai Group Corporation (THACO), Refrigeration Electrical Engineering Corporation (REE) and Vinamilk in Vietnam; Regional interests in Cycle & Carriage
Jardines representatives
John Witt^
INEDs representation
57%
77.5%Ω
JM share
Contribution to underlying net profit
US$155m
9%§
Leading listed Asian retailer operating well-known brands across health and beauty, convenience, food, home furnishing, restaurants and other retailing
- Strategic focus on sustainably serving Asian consumers with best-in-class customer proposition while driving shareholder value
- Employs over 200,000 people and operates some 11,000 outlets across 13 markets
- Operates the largest coalition loyalty programme, yuu in Hong Kong, with over five million members
Jardines representatives
John Witt^
Graham Baker
Graham Baker
INEDs representation
50%
88.0%Ω
JM share
Contribution to underlying net profit
US$63m
4%§
Listed investment and management group of luxury hotels, resorts and residences in global destinations
- Strategic focus on accelerated portfolio growth, brand elevation and innovation as an ultra-luxury hospitality brand
- Operates 41 hotels,12 residences and 26 exceptional homes in 26 countries and territories
Jardines representatives
Ben Keswick^
Adam Keswick
Adam Keswick
INEDs representation
50%
21.4%#
JM share
Contribution to underlying net profit
US$83m
5%§
Leading multi-brand automotive distribution and service group operating in the Chinese mainland, listed in Hong Kong
- Strategic focus on building Zhongsheng as a premium auto services brand in China
- Over 410 dealerships across 110 cities
- Major operator in new car distribution, after-sales and used cars
Jardines representatives
Elton Chan
Steve Sun
Steve Sun
100%Ω
JM share
Contribution to underlying net profit
US$149m
9%§
Diversified portfolio of industry leaders in engineering, construction, air cargo handling, automotive and restaurants, primarily focused in Hong Kong with a presence in Southeast Asia
- Long-term partnerships with large brand owners like Balfour Beatty, Schindler, YUM Group and more
Jardine Matheson’s non-listed businesses
∆Effective shareholding held by JC&C as at 10 March 2025
ΩEffective shareholding held by Jardine Matheson as at 10 March 2025
§% excludes Corporate and other interests and Hongkong Land impairments
^Chairman
*JC&C’s contribution to underlying net profit excludes contribution from Astra
#Effective shareholding held by Jardine Matheson as at 10 March 2025. Percentage calculated excludes the treasury shares held by Zhongsheng Group.
Underlying net profit for the year ended 31 December 2024
Jardines representatives refer to individuals serving on each of the respective listed companies’ boards. Jardines provides input to the listed companies through these representatives.
