Hutchison Port Holdings Trust · SGX:NS8U
Hutchison Port Holdings Trust — FY2021 Earnings Presentation
21 slides from Hutchison Port Holdings Trust's earnings presentation, Feb 9, 2022
Slide 1: Hutchison Port Holdings Trust 2021 Financial Results Presentation
Hutchison Port Holdings Trust 2021 Financial Results Presentation for the Year Ended 31 December 2021
Slide 2: Disclaimer
Disclaimer This presentation should be read in conjunction with, and figures herein are based on, the results of Hutchison Port Holdings Trust (“HPH Trust”) for the year ended 31 December 2021 in the SGXNET announcement. This presentation may contain forward-looking statements that involve risks and
Slide 3: Table of Contents
Table of Contents 1 Key Highlights 2 Outlook and Prospects 3 Business Review for the Year Ended 31 December 2021 4 Key Financial Performance 2 HPH TRUST / RESULTS PRESENTATION 9 February, 2022
Slide 4: Key Highlights
1 Key Highlights 3 HPH TRUST / RESULTS PRESENTATION 9 February, 2022
Slide 5: Key Highlights
Key Highlights • 2021 full year throughput of HPH Trust’s ports was 4% above last year. YICT’s throughput was 6% above last year. Combined throughput(N1) of HIT, COSCO-HIT and ACT (collectively “HPHT Kwai Tsing”) was marginally lower than last year • Outbound cargoes to the US and EU for 2021 were a
Slide 6: Outlook and Prospects
2 Outlook and Prospects 5 HPH TRUST / RESULTS PRESENTATION 9 February, 2022
Slide 7: Outlook and Prospects Overview
Outlook and Prospects Overview • 2021 has been a challenging but rewarding year for HPH Trust, with significant improvement in financial results arising from increased volume and effective cost control • The Omicron variant of COVID-19 has been spreading quicker than previous variants leading to a s
Slide 8: Outlook and Prospects (cont'd) Overview (cont'd)
Outlook and Prospects (cont’d) Overview (cont’d) • Financial market in general expects Federal Fund Rate to increase in 2022, though the timing and size of the expected increase varies amongst market participants. Impact for Federal Fund Rate increase to HPH Trust is expected to be relatively small,
Slide 9: Business Review for the Year Ended 31 December 2021
3 Business Review for the Year Ended 31 December 2021 8 HPH TRUST / RESULTS PRESENTATION 9 February, 2022
Slide 10: Key Business Update: Throughput Volume
Key Business Update Throughput Volume (TEU in thousand) 30,000 YICT and HICT (N2) HIT, COSCO-HIT and ACT 25,000 +6% yoy -1% yoy +8% yoy -1% yoy +4% yoy -3% yoy +2% yoy -6% yoy 20,000 11,673 12,166 12,916 13,413 14,472 11,698 13,309 13,619 15,000 10,000 12,565 11,761 10,810 11,365 5,000 10,616 9,991
Slide 11: Key Financial Performance
4 Key Financial Performance 10 HPH TRUST / RESULTS PRESENTATION 9 February, 2022
Slide 12: Key Financial Performance: Revenue and other income
Key Financial Performance Revenue and other income For the year ended 31 December 2021 (HK$’Million) Segment Information +24% yoy 14000 13,244 2021 2020 12000 10,706 28% 31% 10000 8000 72% 69% 6000 4000 2000 0 Hong Kong Mainland China 2021 2020 11 HPH TRUST / RESULTS PRESENTATION 9 February, 2022
Slide 13: Key Financial Performance: Total Capex
Key Financial Performance Total Capex For the year ended 31 December 2021 (HK$’Million) 500 400 300 -50% yoy 464 200 232 100 0 2021 2020 12 HPH TRUST / RESULTS PRESENTATION 9 February, 2022
Slide 14: Key Financial Performance: Financial Position
Key Financial Performance Financial Position At 31 December 2021 At 31 December 2020 HK$'Million HK$'Million Short Term Debt $7,198.0 $3,992.0 Long Term Debt $21,840.0 $25,428.0 Total Consolidated Debt $29,038.0 $29,420.0 Total Consolidated Cash $11,048.0 $7,766.6 13 HPH TRUST / RESULTS PRESENTATION
Slide 15: Key Financial Performance: Distribution
Key Financial Performance Distribution For the period from For the period from 1 January 2021 to 1 July 2021 to 30 June 2021 31 December 2021 Distribution Amount HK$566.2 million HK$696.9 million Distribution Per Unit (“DPU”) 6.50 HK cents 8.00 HK cents DPU for the year ended 31 December 2021 14.50
Slide 16: HPH Trust's Results Full Year 2021 against Last Year
HPH Trust’s Results Full Year 2021 against Last Year 1 January to 31 December 2021 2020 % variance (HK$'Million) Actual Actual Fav/(Unfav) Revenue and other income 13,244.1 10,705.8 24% Cost of services rendered (4,474.7) (3,568.4) (25%) Staff costs (257.2) (256.4) - Depreciation and amortisation (3
Slide 17: Statement of Financial Position as at 31 December 2021 and 2020
Statement of Financial Position as at 31 December 2021 and 31 December 2020 (HK$'Million) 2021 2020 ASSETS Non-current assets Fixed assets 21,646.9 22,839.0 Projects under development 654.5 478.2 Leasehold land and land use rights 34,579.4 35,843.7 Railway usage rights 10.8 11.1 Customer relationshi
Slide 18: Statement of Financial Position (cont'd)
Statement of Financial Position as at 31 December 2021 and 31 December 2020 (cont’d) (HK$’Million) 2021 2020 Current liabilities Trade and other payables 6,713.1 5,517.5 Bank and other debts 7,190.3 3,990.6 Current tax liabilities 422.0 278.6 Total current liabilities 14,325.4 9,786.7 Net current as
Slide 19: Statement of Cash Flows Full Year 2021 and 2020
Statement of Cash Flows Full Year 2021 and 2020 1 January to 1 January to (HK$’Million) 31 December 2021 31 December 2020 Operating activities Cash generated from operations 8,624.0 6,608.8 Interest and other finance costs paid (500.5) (738.4) Tax paid (1,388.7) (1,285.7) Net cash from operating act
Slide 20: Statement of Cash Flows (cont'd)
Statement of Cash Flows Full Year 2021 and 2020 (cont’d) 1 January to 1 January to (HK$’Million) 31 December 2021 31 December 2020 Financing activities New borrowings 7,800.0 3,870.8 Repayment of borrowings (8,182.0) (5,159.3) Upfront debt transaction costs and facilities fees of borrowings (64.4) -
Slide 21: The World's Leading Port Network
THE WORLD’S LEADING PORT NETWORK
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