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ESR(01821) - 2022 - 年度业绩
01821ESR(01821)2023-03-22 09:18

Financial Performance - Total revenue for the fiscal year 2022 reached 821.154million,a103.0821.154 million, a 103.0% increase from 404.426 million in 2021[2] - Annual profit increased by 64.9% to 631.109millioncomparedto631.109 million compared to 382.676 million in the previous year[2] - Revenue increased by 103.0% from 404.4millioninFY2021to404.4 million in FY2021 to 821.2 million in FY2022, while annual profit rose by 64.9% to 631.1million[20]−AdjustedEBITDAgrewby63.0631.1 million[20] - Adjusted EBITDA grew by 63.0% from 706.8 million in FY2021 to 1,151.9millioninFY2022,supportedbystrongfundamentalsintheAsia−Pacificneweconomybusiness[20]−PATMIroseby64.31,151.9 million in FY2022, supported by strong fundamentals in the Asia-Pacific new economy business[20] - PATMI rose by 64.3% from 349.4 million in FY2021 to 574.1millioninFY2022[22]−EBITDAincreasedby60.9574.1 million in FY2022[22] - EBITDA increased by 60.9% from 664.2 million in FY2021 to 1,068.5millioninFY2022[22]−Thecompanyreportedapre−taxprofitof1,068.5 million in FY2022[22] - The company reported a pre-tax profit of 815,125 thousand for 2022, up from 488,840thousandin2021[29]−Thecompanyreportedanetprofitattributabletoordinaryequityholdersof488,840 thousand in 2021[29] - The company reported a net profit attributable to ordinary equity holders of 574,145,000 for 2022, compared to 349,440,000in2021,resultinginabasicearningspershareof349,440,000 in 2021, resulting in a basic earnings per share of 0.13, up from 0.11[59]AssetManagementandGrowth−Totalassetsundermanagementgrewto0.11[59] Asset Management and Growth - Total assets under management grew to 156.4 billion, up from 140.2billionin2021,representingan11140.2 billion in 2021, representing an 11% year-on-year increase[8] - The new economy asset management scale reached 73 billion, an increase of 85% compared to the previous year[8] - The fund management division achieved a record asset management scale of 152billion,ayear−on−yearincreaseof12152 billion, a year-on-year increase of 12%, with new economy asset management growing by 23% to 73 billion[10] - The group raised 7.6billionincommittedcapitalacross28newlyestablishedorincreasedfundsandauthorizedcapital,includinga7.6 billion in committed capital across 28 newly established or increased funds and authorized capital, including a 1 billion initial Asia-Pacific data center fund[10] - The total construction area managed by the group reached 45 million square meters, up from 39.8 million square meters in 2021[6] - The total construction area of ESR's operational and development projects exceeded 38 million square meters, with 11.9billioninongoingdevelopmentprojects,thelargestintheAsia−Pacificregion[13]FinancialPositionandDebt−Thecompanyreportedanetdebttototalassetsratioof22.811.9 billion in ongoing development projects, the largest in the Asia-Pacific region[13] Financial Position and Debt - The company reported a net debt to total assets ratio of 22.8%, down from 27.9% in 2021, a decrease of 5.1 percentage points[2] - ESR's cash reached 1.8 billion, with a healthy debt ratio of 22.8% as of December 31, 2022[14] - The total amount of bank loans and other borrowings increased from 4.2billionasofDecember31,2021,to4.2 billion as of December 31, 2021, to 5.5 billion as of December 31, 2022[25] - The weighted average cost of debt was maintained at 4.2% as of December 31, 2022, compared to 4.1% in FY2021[22] - The net debt as of December 31, 2022, was 3,689,715thousand,upfrom3,689,715 thousand, up from 2,609,667 thousand as of December 31, 2021, primarily due to increased borrowings for investment fundraising and operations[33] Dividends and Shareholder Returns - The company declared a final dividend of HKD 0.125 per share, equivalent to approximately USD 0.016 per share, representing a yield of 1.9%[9] - The company declared an interim dividend of 70,777,000andafinaldividendofapproximately70,777,000 and a final dividend of approximately 70,200,000 for the fiscal year ending December 31, 2022, marking a return to dividend payments[58] - The company plans to declare a final dividend of HK0.125persharefortheyearendedDecember31,2022,totalingapproximatelyHK0.125 per share for the year ended December 31, 2022, totaling approximately HK550 million, compared to no dividends in 2021[66] - The company repurchased a total of 69,739,200 shares, representing about 1.58% of the issued shares as of December 31, 2022, at a cost of approximately 169.3million[69]StrategicAcquisitionsandPartnerships−ThecompanycompletedtheacquisitionofARAAssetManagement,whichcontributedtothesignificantgrowthinfinancialperformance[1]−ThecompanycompletedtheacquisitionofARAAssetManagementLimitedonJanuary20,2022,whichcontributedtotheincreaseinnetdebt[32]−ThecompanyhasestablishedaframeworkagreementtoprovidevariousservicestoBWanditssubsidiaries,indicatingastrategicpartnership[26]−ESR′sjointventureinIndiawithGICisvaluedat169.3 million[69] Strategic Acquisitions and Partnerships - The company completed the acquisition of ARA Asset Management, which contributed to the significant growth in financial performance[1] - The company completed the acquisition of ARA Asset Management Limited on January 20, 2022, which contributed to the increase in net debt[32] - The company has established a framework agreement to provide various services to BW and its subsidiaries, indicating a strategic partnership[26] - ESR's joint venture in India with GIC is valued at 600 million, focusing on core industrial and logistics assets[11] Operational Efficiency and Cost Management - The group achieved approximately 15millionincostsynergiesthroughtheintegrationofARA,exceedingitstargetplan,andsuccessfullyintegratedpartsoftheLOGOSbusiness[15]−Thegroupincurredtotaloperatingexpensesof15 million in cost synergies through the integration of ARA, exceeding its target plan, and successfully integrated parts of the LOGOS business[15] - The group incurred total operating expenses of 277,684,000 across all segments, with the fund management segment having the highest expenses at 190,830,000[48]−Thetotaloperatingexpensesfortheyearwere190,830,000[48] - The total operating expenses for the year were 162,605,000, compared to $89,561,000 in 2021, indicating increased operational costs associated with growth initiatives[50] Market Outlook and Trends - The group expects e-commerce in the Asia-Pacific region to grow by 10% by 2025, with ultra-large data centers projected to grow at a compound annual growth rate of over 30%[16] - The Asia-Pacific REIT market is anticipated to grow at a compound annual growth rate of 12%[16] ESG and Sustainability Initiatives - The group has installed nearly 100 MW of rooftop solar capacity across its global assets as part of its ESG 2025 development blueprint[18] - The group aims to enhance its ESG and sustainability initiatives, integrating these principles into all operational aspects[19] Compliance and Governance - The company adhered to the corporate governance code and maintained high standards of corporate governance throughout the fiscal year ending December 31, 2022[74] - The audit committee confirmed compliance with applicable accounting principles and discussed matters related to audit, internal controls, and financial reporting[76] - The company's financial statements for the fiscal year ending December 31, 2022, were prepared in accordance with International Financial Reporting Standards[76]