KT&G Announces Corporate Value-up Plan, Including KRW 3.7 trillion Shareholder Return Plan and 15% ROE Target
KT&G announced its 'Corporate Value-up Plan', targeting a 15% ROE by 2027, up from the current 10%. The company plans to return KRW 3.7 trillion to shareholders through 2027, including KRW 2.4 trillion in cash dividends and KRW 1.3 trillion in share buybacks. The plan includes streamlining Capex investment from KRW 3.5 trillion to KRW 2.4 trillion, while maintaining expected returns. KT&G will secure KRW 1 trillion through restructuring low-yield assets and plans to cancel 20% of outstanding shares by 2027. For 2023, the company approved an additional KRW 150 billion share buyback and cancellation, bringing total shareholder returns above 100%.
KT&G ha annunciato il suo 'Piano di Valorizzazione Aziendale', puntando a un ROE del 15% entro il 2027, rispetto al 10% attuale. L'azienda prevede di restituire 3,7 trilioni di KRW agli azionisti entro il 2027, di cui 2,4 trilioni in dividendi in contante e 1,3 trilioni in riacquisti di azioni. Il piano prevede di ridurre gli investimenti in Capex da 3,5 trilioni a 2,4 trilioni di KRW, mantenendo i rendimenti attesi. KT&G garantirà 1 trilione di KRW tramite la ristrutturazione di beni a basso rendimento e prevede di cancellare il 20% delle azioni in circolazione entro il 2027. Per il 2023, l'azienda ha approvato un ulteriore riacquisto e cancellazione di azioni per 150 miliardi di KRW, portando il totale dei rendimenti per gli azionisti oltre il 100%.
KT&G anunció su 'Plan de Aumento del Valor Corporativo', con el objetivo de alcanzar un ROE del 15% para 2027, aumentando desde el 10% actual. La empresa planea devolver 3.7 billones de KRW a los accionistas hasta 2027, incluyendo 2.4 billones en dividendos en efectivo y 1.3 billones en recompra de acciones. El plan incluye la optimización de la inversión en Capex de 3.5 billones a 2.4 billones de KRW, manteniendo los rendimientos esperados. KT&G asegurará 1 billón de KRW a través de la reestructuración de activos de bajo rendimiento y planea cancelar el 20% de las acciones en circulación para 2027. Para 2023, la empresa aprobó una compra y cancelación adicional de acciones por 150 mil millones de KRW, llevando el total de retornos a accionistas por encima del 100%.
KT&G는 2027년까지 15% ROE를 목표로 하는 '기업 가치 증대 계획'을 발표했습니다. 현재 10%에서 증가합니다. 회사는 2027년까지 주주에게 3.7조 원을 환원할 계획이며, 여기에는 2.4조 원의 현금 배당금과 1.3조 원의 자사주 매입이 포함됩니다. 이 계획은 예상 수익을 유지하면서 Capex 투자를 3.5조 원에서 2.4조 원으로 줄이는 것을 포함합니다. KT&G는 저수익 자산 재구성을 통해 1조 원을 확보하고 2027년까지 유통 주식의 20%를 매입 취소할 계획입니다. 2023년에는 1500억 원의 자사주 매입 및 취소를 추가로 승인하여 주주 수익 총액을 100% 이상으로 끌어올릴 예정입니다.
KT&G a annoncé son 'Plan de Valorisation de l'Entreprise', visant un ROE de 15% d'ici 2027, en hausse par rapport aux 10% actuels. L'entreprise prévoit de restituer 3,7 billions de KRW aux actionnaires d'ici 2027, dont 2,4 billions en dividendes en espèces et 1,3 billion en rachats d'actions. Le plan inclut une rationalisation des investissements en Capex, passant de 3,5 billions à 2,4 billions de KRW, tout en maintenant les rendements attendus. KT&G sécurisera 1 billion de KRW par la restructuration d'actifs à faible rendement et prévoit d'annuler 20% des actions en circulation d'ici 2027. Pour 2023, l'entreprise a approuvé un rachat et une annulation de 150 milliards de KRW supplémentaires, portant le total des rendements pour les actionnaires au-dessus de 100%.
KT&G hat seinen 'Unternehmenswertsteigerungsplan' bekannt gegeben, mit dem Ziel, bis 2027 eine Eigenkapitalrendite von 15% zu erreichen, ein Anstieg von derzeit 10%. Das Unternehmen plant, bis 2027 3,7 Billionen KRW an die Aktionäre zurückzugeben, darunter 2,4 Billionen in Bar-Dividenden und 1,3 Billionen in Aktienrückkäufen. Der Plan sieht vor, die Investitionen in Capex von 3,5 Billionen auf 2,4 Billionen KRW zu optimieren, während die erwarteten Renditen erhalten bleiben. KT&G wird durch die Umstrukturierung von niedrig rentierlichen Vermögenswerten 1 Billion KRW sichern und plant, bis 2027 20% der ausgegebenen Aktien zu stornieren. Für 2023 genehmigte das Unternehmen einen zusätzlichen Aktienrückkauf und -stornierung von 150 Milliarden KRW, wodurch die Gesamtrückflüsse an die Aktionäre über 100% steigen.
- ROE target increase from 10% to 15% by 2027
- KRW 3.7 trillion shareholder return plan through 2027
- KRW 1.1 trillion cost reduction in Capex investment while maintaining expected returns
- Plan to cancel 20% of outstanding shares by 2027
- Additional KRW 150 billion share buyback and cancellation in 2023
- Significant reduction in Capex investment from KRW 3.5T to 2.4T
- Need to divest non-core and low-yielding assets
- Additional returns to be executed in share buyback and cancellation worth
Under the plan, KT&G aims to significantly increase its ROE (return on equity) from the current
To improve profitability in its main business, KT&G plans to refine its focus areas within each of its three core businesses (Overseas Cigarettes, NGP, and Health-functional Food) and upgrade its business operations through continuous expansion. In addition, the company plans to secure approximately
In particular, the company plans to increase investment efficiency by innovating its Capex investment strategy, including by strengthening global production partnerships. KT&G has streamlined its Capex investment plan (2023-2027) of
Meanwhile, the company's shareholder return policy will be strengthened to reach top level domestically and internationally. Over the four-year period from 2024 to 2027, a total of
Under the new corporate value-up plan, the scale of share buyback and cancellation will also be expanded for this year. On the 7th, KT&G's Board of Directors resolved to repurchase and cancel 1.35 million shares within the year, using
"We have been promoting corporate value growth and maximizing shareholder value by strengthening our core competitiveness with ROE as a key indicator," said Lee Sang-Hak, Senior Executive Vice President of KT&G. "We will continue to do our best to satisfy all stakeholders, including our shareholders, by raising corporate value to the highest level globally."
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SOURCE KT&G Corporation
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