BCBusiness

58 B C B U S I N E S S . C A J U LY/A U G U S T 2 0 24 DISCLAIMER BCBusiness prepares the Top 100 list using various sources, but it makes no representation regarding the completeness, accuracy or timeliness of any information presented. e=estimate, c=converted from US$ at 1.3497 (2023) and 1.3013 (2022); NA=not applicable; NP=not provided; NR=not ranked; revenue is by fiscal year CHARITIES RANK ORGANIZATION DONATIONS 2023 ($000) DONATIONS 2022 ($000) 1 VGH & UBC Hospital Foundation 42,474 35,906 2 BC Cancer Foundation 39,023 44,527 3 BC Children's Hospital Foundation 38,598 55,778 4 University of British Columbia 32,147 55,044 5 Union Gospel Mission 25,899 24,361 6 St. Paul's Foundation 20,069 25,390 7 Terry Fox Foundation 19,967 18,412 8 Power to Change Ministries 19,816 20,411 9 Covenant House Vancouver 17,304 17,464 10 Jewish Federation of Greater Vancouver 14,414 11,875 e=estimate, c=converted from US$ at 1.3497 (2023) and 1.3013 (2022); NA=not applicable; NP=not provided; NR=not ranked; revenue is by fiscal year MARKET CAP RANK COMPANY TICKER MARKET CAPITALIZATION (C$ MILLIONS) 1 Lululemon Athletica 5,208,692 63,189 c 2 Telus Corp. 2,548,000 31,985 3 Teck Resources 2,040,600 32,127 4 Wheaton Precious Metals 1,768,800 28,906 5 Ivanhoe Mines 1,571,000 20,512 6 Ritchie Bros. Auctioneers 937,399 18,909 7 First Quantum Minerals 705,305 c 12,136 8 Lundin Mining 561,000 10,733 9 West Fraser Timber Co. 526,588 9,546 10 Pan American Silver 318,462 7,446 WHERE THE NO-SHOWS WENT And, as always, some companies have sim- ply dropped off the list. Volatility in rev- enue is an occupational hazard in the life sciences industry, as licencing deals go into effect and expire. This afflicted AbCellera Biologics and Zymeworks, which saw their revenues plunge to $51.3 million and $102.6 million, respectively, from $631.7 million and $536.8 million a year earlier (converted from U.S. dollars). Though disappointing, it's reasonable to expect these companies, which are well capitalized and continue to expand operationally, to rejoin the Top 100 at a later date. Such is not the case with digital content firm BBTV Holdings, which was taken pri- vate by insiders in the second half of 2023 amid falling revenues and huge losses. Other past Top 100 inductees were acquired in the past year. Absolute Software became a wholly owned subsidiary of Menlo Park, California-based Crosspoint Capital Partners in July in exchange for US$870 mil- lion in cash to shareholders and assumed debt. Copper Mountain Mining became part of Toronto-based Hudbay Minerals. With this year's Top 100 we also bid a fond farewell to HSBC Bank Canada, which was finally absorbed by Royal Bank of Canada as of April. (RBC signage already adorns the bank's former headquarters on Georgia Street.) Created in 1966 by then- premier W.A.C. Bennett as the Bank of British Columbia, it was acquired by HSBC in 1986 and expanded as the multinational financial institution's Canadian toehold until the parent decided to exit the Great White North in 2022 and put it up for sale. It appears in the number 30 spot, but for the last time. disclosure of the North Vancouver-based outdoor apparel company's revenues in years—nearly $2 billion when converted into Canadian dollars, and growing at a rate of 57 percent year-over-year. But for every apparition, it seems, a veil of fog falls. The US$8.1-billion acquisition of multinational chemicals distributor Uni- var Solutions by private equity firm Apollo Funds last spring means we no longer enjoy public reporting of Richmond-based sub- sidiary Univar Canada's financial results. It is absent from the Top 100 as a result. NEW LOOK Some of our Top 100 companies got acquired in the past year, like HSBC Bank Canada (now RBC), Absolute Software (now Crosspoint) and Copper Mountain Mining (now Hudbay Minerals) i S t o c k / h a p a b a p a

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