Financial Performance - The group's consolidated revenue for 2022 was $1,462.1 million, representing a 17.8% increase from $1,241.0 million in 2021[6] - The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) was $174.4 million, up 31.3% from $132.8 million in the previous year[6] - The actual profit attributable to the company from operations improved to $(161.6) million, a 16.4% reduction in losses compared to $(193.2) million in 2021[6] - The total net loss attributable to the company was $(158.5) million, a 45.5% improvement from $(290.6) million in the prior year[6] - The loss per share decreased to $(4.44), a 45.4% improvement from $(8.13) in 2021[6] - The net asset value attributable to the company was $5,254.0 million, down 10.4% from $5,864.3 million in 2021[6] - The net asset value per share was $1.47, reflecting a 10.4% decrease from $1.64 in the previous year[6] - The company reported a significant increase in revenue, achieving a total of $1.5 billion, representing a 20% year-over-year growth[29] - The company reported a net profit margin of 15%, up from 12% in the previous year, reflecting improved operational efficiency[31] - The company reported a comprehensive loss attributable to owners of $158.5 million for the year ended December 31, 2022, a decrease of $132.1 million from a loss of $290.6 million in 2021[83] Operational Highlights - The group operates in multiple regions including Asia, Europe, and North America, with ongoing projects in various countries[4] - The company reported significant improvements in operational cash flow, which includes cash generated from subsidiaries and interest income[10] - The company continues to develop hotel properties, investment properties for leasing, and properties for sale across its four main business segments: hotel properties, hotel management and related services, investment properties, and properties for sale[45] - The company operates a total of 105 hotels with 42,400 rooms as of December 31, 2022, including 83 owned/leased hotels and 22 managed hotels[46] - The company has a total of 3 hotels under development, with 1 hotel owned/leased and 2 hotels under management contracts[46] Market Expansion and Strategy - The company aims to strengthen its operational efficiency and sustainability practices as part of its long-term strategy[24] - The company is considering strategic acquisitions to bolster its product offerings, with a budget of $100 million allocated for potential deals[29] - Market expansion plans include entering three new countries by the end of the fiscal year, projected to increase market share by 5%[31] - The company is focusing on expanding its hotel portfolio in international markets, including Ghana, Italy, Myanmar, and Thailand[122] Sustainability Initiatives - Shangri-La aims to reduce single-use plastic in guest rooms by 50% by 2026, based on 2019 levels, and has started replacing plastic water bottles in meetings and events[16] - The board emphasized a commitment to sustainability, with plans to reduce carbon emissions by 30% over the next five years[29] - The company has achieved its targets for reducing carbon emissions, energy intensity, and single-use plastics[127] - 100% of hotels have stopped providing all-plastic takeaway containers, cutlery, and bags[127] Employee and Leadership Development - The company has appointed a new Chief Financial Officer and Chief Human Resources Officer to strengthen its leadership team[43] - In 2022, over 500 leaders participated in the group's leadership development programs, focusing on nurturing future hotel managers and middle management[107] - The company has granted a total of 12,500,000 shares under the share incentive plan to attract and retain key talent[109] - The average voluntary turnover rate in 2022 was 22%, reflecting challenges faced by the hotel industry[110] Corporate Governance - The company has established a management committee to oversee corporate governance compliance[126] - The independent non-executive directors confirmed that the related party transactions were conducted in the ordinary course of business and on normal commercial terms[177] - The board consists of 5 independent non-executive directors, accounting for 62.5% of the total board members, ensuring strong independent judgment[189] - The company emphasizes the importance of high transparency in corporate governance and is committed to continuous review of its governance structure[179] Related Party Transactions - The company is engaged in continuous related party transactions with its subsidiaries, reflecting its interconnected business structure[171] - The actual transaction amount with Pudong Kerry Company for the fiscal year is $1,246,000, compared to $373,000 in 2021[164] - The company announced a renewal of the hotel management agreement with Shangri-La International, extending the agreement until December 31, 2023, with an annual cap of $5,200,000 for 2023[171] Future Outlook - The company expressed cautious optimism regarding business recovery and financial turnaround, contingent on market conditions[25] - The company provided guidance for the next quarter, expecting revenue to be between $1.6 billion and $1.7 billion, indicating a growth of 7% to 13%[31] - The company plans to launch improved wellness services and family floors in collaboration with multiple partners by the end of 2023[112]

Financial Performance - Shangri-La Asia Limited reported a consolidated revenue of $1,462.1 million for the year ended December 31, 2022, representing a 17.8% increase from $1,241.0 million in 2021[3]. - The group's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) was $174.4 million, up 31.3% from $132.8 million in the previous year[3]. - The net loss attributable to shareholders improved to $(158.5) million in 2022 from $(290.6) million in 2021, marking a 45.5% reduction in losses[3]. - The company reported a loss per share of $(4.44), which is a 45.4% improvement compared to $(8.13) in 2021[3]. - The total comprehensive income for the year ended December 31, 2022, was $1,462.1 million, an increase of 17.8% compared to $1,241.0 million in 2021[15]. - The total profit before interest, tax, depreciation, amortization, and non-operating items amounted to $441.6 million, a 5.6% increase from $418.0 million in the previous year[48]. - The actual profit before interest, tax, depreciation, amortization, and non-operating items for hotel properties was $132.1 million, an increase of 20.6% from $109.5 million for the year ended December 31, 2021[49]. - The company reported a comprehensive loss of $609,354,000 for the year ended December 31, 2022, compared to a comprehensive loss of $201,815,000 for the year ended December 31, 2021[94]. Hotel Operations - The group continues to develop hotel properties and investment properties for leasing, maintaining its focus on the hospitality sector[5]. - New hotel openings include the Shangri-La in Jeddah, Saudi Arabia, and the Shangri-La in Nanning, China, which opened in February and March 2022, respectively[6][7]. - The hotel operations segment generated a total revenue of $1,340.6 million, reflecting a 19.6% increase from $1,120.8 million in the previous year[15]. - Hotel room revenue increased by 37.7% to $622.9 million in 2022 from $452.5 million in 2021[15]. - The weighted average occupancy rate for the group's hotels was 42% for the year ended December 31, 2022, up 3 percentage points from 39% for the year ended December 31, 2021[23]. - Revenue per available room (RevPAR) increased to $64 for the year ended December 31, 2022, a 25% increase from $51 for the year ended December 31, 2021[23]. - The group operates a total of 80 hotels with 34,243 available rooms[20]. - The group reported a total of 19,354 available rooms in mainland China[20]. Investment Properties - The group has a total of 950,576 square meters of investment properties in operation, with 663,263 square meters being commercial space[8]. - The total estimated fair value of the group's hotel properties was $11,950.6 million as of December 31, 2022, with $4,914.2 million from external valuations and $7,036.4 million from internal valuations[12]. - The adjusted net asset value of the company would increase from $5,254 million to $10,795.1 million if all hotel properties were presented at fair value[12]. - The profit from investment properties was $182.0 million, a slight increase of 0.8% from $180.6 million for the previous year[58]. - Revenue from investment properties in mainland China increased by 8.6% to $27.7 million, driven by improved occupancy rates at the Wuhan Shangri-La Center[41]. Employee and Management - The group employs 40,700 staff members across its operations, emphasizing the importance of employee engagement and development for achieving its vision by 2030[79]. - Over 500 leaders participated in the group's leadership development programs in 2022, focusing on nurturing future hotel managers and operational leaders[80]. - The average voluntary turnover rate in 2022 was 22%, reflecting challenges faced by the hotel industry[83]. - The company awarded a total of 12,500,000 shares under its share incentive plan to attract, retain, and motivate key talent for long-term growth[82]. Debt and Financing - As of December 31, 2022, the group's net borrowings amounted to $4,846,400,000, an increase of $43,400,000 from $4,803,000,000 on December 31, 2021[61]. - The group's debt-to-equity ratio rose from 79.4% on December 31, 2021, to 89.3% on December 31, 2022, primarily due to the depreciation of global currencies against the US dollar[61]. - The group signed a five-year bank loan agreement for $100,000,000 during the year for refinancing and operational funding[61]. - The group recorded a net fair value gain of $89,900,000 from its investment properties for the year ended December 31, 2022[68]. - The total interest expense increased to $144.293 million in 2022 from $123.504 million in 2021, an increase of about 16.8%[127]. Market Performance - Singapore's revenue increased by 89.4% to $197.4 million for the year ended December 31, 2022, compared to $104.2 million in 2021[22]. - Malaysia's revenue surged by 197.7% to $77.1 million for the year ended December 31, 2022, compared to $25.9 million in 2021[22]. - In Singapore, the hotel occupancy rate increased by 24 percentage points to 61%, with RevPAR rising by 178% to $150[28]. - Total revenue from hotel properties in mainland China decreased by 27.0% to $429,500,000 for the year ended December 31, 2022[27]. Future Outlook - The company plans to introduce improved wellness services and family floors by the end of 2023, setting a blueprint for other properties[86]. - The company maintains a cautious optimism regarding business recovery and profitability, particularly benefiting from China's accelerated reopening[86]. - The company has seen a significant increase in demand for its hotels in mainland China during the 2023 Spring Festival, with revenue per room exceeding 2019 levels[85].

SHANGRI~LA GROUP 香 格 里 拉 集 團 2019年年報 SHANGRI-LA ASIA LIMITED 香格里拉(亞洲)有限公司 於百慕達註冊成立之有限公司 股份代號:69 1 2 3 4 567 | --- | --- | |------------------------------------|-------| | | | | 封面照片： | | | 哥打基納巴盧香格里拉莎利雅度假酒店 | | | 香格里拉斐濟度假酒店 香港嘉里酒店 | | | 新加坡香格里拉大酒店 | | | 科倫坡香格里拉大酒店 | | | 科倫坡 One Galle Face | | | --- | --- | |----------|----------------| | | | | 目錄 | | | | | | 回顧 | | | | 本集團業務覆蓋 | | 財務摘要 | | | 企業資料 | | | 年度回顧 | | | 年度獎項 | | | 主席報告 | | 2 2 3 5 6 9 1 0 董事會、公司秘書及高層管理人員 1 3 企業責任 5 8 董事會報告 6 4 一般披露項目 6 6 董事 6 7 主要 ...