Hutchison Port Holdings Trust · SGX:NS8U

Hutchison Port Holdings Trust — FY2021 Earnings Presentation

16 slides from Hutchison Port Holdings Trust's earnings presentation, Apr 26, 2022

  1. Slide 1: Hutchison Port Holdings Trust 2021 Full-Year Financial Results Presentation

    Hutchison Port Holdings Trust 2021 Full-Year Financial Results Presentation AGM – 26 April 2022

  2. Slide 2: Key Highlights

    1 Key Highlights 2

  3. Slide 3: 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

  4. Slide 4: Outlook Overview

    2 Outlook Overview 4

  5. Slide 5: Outlook Overview

    Outlook Overview • Global port congestion continues in the first quarter of 2022, resulting in unstable vessel schedules and increase in number of skipped calls • The widespread of COVID-19 cases in Hong Kong since February 2022 and the resulting drop in manpower availability has led to a temporary

  6. Slide 6: Key Financial Performance

    3 Key Financial Performance 6

  7. Slide 7: 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

  8. Slide 8: 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 8

  9. Slide 9: 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 9

  10. Slide 10: 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 10

  11. Slide 11: 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

  12. Slide 12: 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

  13. Slide 13: 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

  14. Slide 14: 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

  15. Slide 15: 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) -

  16. Slide 16: The World's Leading Port Network

    THE WORLD’S LEADING PORT NETWORK

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