中期報告 2024 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 MIX 型 | 三沙 日直任创 林 F80" C132597 SHANGRI~LA GROUP 香 格 里 拉 集 團 對國國片 - 1、 日簽電信用記區(福州) 3、百將電視周辺區(福州) 6、港島香格里拉 2 1 4 3 5 6 企業資料 2025年3月 於2024年8月23日 | --- | --- | |----------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------| | | | | 董事會 | 核數師 | | 執行董事 | 羅兵咸永道會計師事務所 | | 郭惠光女士 （主席） 蔡志偉先生 （集團首席財務官兼集團首席投資官） | 執業會計師 註冊公眾利益實體核數師 香港特別行政 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不會就本公佈全部或任 何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 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） 網址：www.ir.shangri-la.com （股份代號：00069） 2024年中期業績公佈 香格里拉（亞洲）有限公司（「本公司」）董事會（「董事會」）謹此公佈本公司及其附 屬公司（「本集團」）與其聯營公司截至2024年6月30日止六個月的未經審核中期業績。 此業績已由本公司的核數師羅兵咸永道會計師事務所按照香港審閱準則第2410號「由 實體的獨立核數師執行中期財務資料審閱」作出審閱，並經由董事會的審核及風 險委員會審閱。此核數師審閱報告將收錄於寄發予本公司股東的中期報告內。 截至2024年6月30日止六個月，未計非營運項目前本公司擁有人應佔綜合溢利為 59,100,000美元，較去年同期之64,600,000美元減少8.5%或5,500,000美元。經計入 非營運項目後本公司擁有人應佔綜合溢利 ...

2 1 4 3 封面照片： 1. 倫敦香格里拉 2. 福州香格里拉中心 3. 5 6 北京首鋼園香格里拉 4. 新加坡香格里拉 5. 長灘島香格里拉 6. 上海前灘香格里拉 目錄 2 77 回顧 企業管治報告 2 78 本集團業務覆蓋 董事手冊及企業管治功能 3 79 財務摘要 董事會 5 81 企業資料 執行委員會 6 82 年度回顧 提名委員會 11 85 年度獎項 薪酬及人力資源委員會 12 88 主席報告 審核及風險委員會 14 90 董事會、公司秘書及高層管理人員 管理委員會 90 風險管理及內部監控系統 96 22 外聘核數師 ...

Financial Performance - Consolidated revenue for 2023 reached $2,141.8 million, a 46.5% increase compared to $1,462.1 million in 2022[3][5] - Actual attributable EBITDA (earnings before interest, taxes, depreciation, amortization, and non-operating items) for 2023 was $873.6 million, a 97.8% increase from $441.6 million in 2022[3][5] - The company's attributable profit before non-operating items for 2023 was $129.0 million, a significant improvement from a loss of $161.6 million in 2022[3][5] - Total attributable profit including non-operating items for 2023 was $184.1 million, compared to a loss of $158.5 million in 2022[3][5] - Revenue increased by 46.5% to $2,141.8 million in 2023 compared to $1,462.1 million in 2022[11] - Gross profit rose by 69.9% to $1,166.7 million in 2023 from $686.5 million in 2022[11] - Operating profit surged to $214.7 million in 2023 from a loss of $4.3 million in 2022[11] - Net profit attributable to the company's owners was $184.1 million in 2023, compared to a loss of $158.5 million in 2022[11] - Consolidated revenue for the year ended December 31, 2023, increased by 46.5% to $2,141.8 million compared to $1,462.1 million in 2022, driven by the recovery of Mainland China and Hong Kong businesses following the lifting of travel restrictions[15] - Revenue for 2023 increased to $2,141.79 million, up from $1,462.15 million in 2022, reflecting a significant recovery in business operations[85] - Gross profit for 2023 stood at $1,166.74 million, compared to $686.52 million in 2022, indicating improved profitability[85] - Net profit attributable to the company's owners in 2023 was $184.14 million, a turnaround from a loss of $158.52 million in 2022[85] - Net profit for the year 2023 was $201.68 million, a significant improvement from a net loss of $187.45 million in 2022[86] - Total comprehensive income for 2023 was $47.77 million, compared to a comprehensive loss of $668.98 million in 2022[86] - The company's equity as of December 31, 2023, was $5.47 billion, up from $5.42 billion at the end of 2022[87] - Retained earnings increased to $1.63 billion in 2023 from $1.49 billion in 2022[87] - Total comprehensive income for 2023 was $2,141,790,000, a significant increase from $1,462,145,000 in 2022[96] - The company's total external revenue for 2023 was $2,141.8 million, a significant increase from $1,462.1 million in 2022[100] - The company's profit before non-operating items was $129.0 million in 2023, a substantial improvement from a loss of $161.6 million in 2022[101] - The company's attributable profit to equity holders was $184.1 million in 2023, compared to a loss of $158.5 million in 2022[101] - Basic earnings per share improved to 5.17 cents in 2023 from a loss of 4.44 cents per share in 2022[123] Hotel Operations - The company's hotel business recovery was driven by the reopening of mainland China and Hong Kong in early 2023, along with strong travel demand in other regions[5] - Hotel operations revenue grew by $680.5 million to $2,021.1 million in 2023, with room revenue increasing by 67.1% to $1,041.0 million and food and beverage sales rising by 40.9% to $788.7 million[15][16] - The recovery of Mainland China and Hong Kong businesses, along with the return of Chinese tourists, significantly boosted the company's hotel property revenue in 2023[22] - Hotel property business total revenue increased by 52.7% to $1,926.3 million in 2023 compared to $1,261.9 million in 2022[23] - Hong Kong hotel revenue surged by 94.2% to $304.3 million in 2023, with occupancy rate rising to 70% and RevPAR increasing by 165% to $199[23][24][25] - Mainland China hotel revenue grew by 63.6% to $702.6 million in 2023, with occupancy rate up 25 percentage points to 63% and RevPAR increasing by 105% to $76[23][24][26][27] - Singapore hotel revenue increased by 33.7% to $264.0 million in 2023, with occupancy rate rising to 78% and RevPAR up 39% to $208[23][24][28] - Malaysia hotel revenue grew by 35.9% to $104.8 million in 2023, with occupancy rate increasing to 64% and RevPAR up 54% to $80[23][24][29] - Philippines hotel revenue surged by 69.5% to $134.9 million in 2023, with occupancy rate rising to 58% and RevPAR increasing by 46% to $130[23][24][30] - Japan hotel revenue increased by 54.1% to $50.4 million in 2023, with occupancy rate up 7 percentage points to 61% and RevPAR growing by 81% to $419[23][24][31] - France hotel revenue grew by 7.3% to $54.5 million in 2023, with RevPAR increasing by 4% to $970 despite a 7 percentage point decline in occupancy rate to 43%[23][24][32] - Weighted average occupancy rate across all hotels increased by 20 percentage points to 62% in 2023, with RevPAR growing by 69% to $108[24] - Non-Mainland China weighted average occupancy rate rose by 16 percentage points to 62% in 2023, with RevPAR increasing by 49% to $149[24] - Australia's occupancy rate increased by 12 percentage points to 81% in 2023, with revenue per room rising 16% to $205, and total revenue for Australian hotel properties grew 11.4% to $85.7 million[33] - UK's occupancy rate rose by 4 percentage points to 66% in 2023, with revenue per room increasing 9% to $526, and total revenue for UK hotel properties grew 8.9% to $60.9 million[34] - The overall weighted average occupancy rate for third-party managed hotels increased by 18 percentage points to 63% in 2023, with revenue per room rising 51% to $112[37] - Hotel management and related services revenue increased by 35.4% to $224.3 million in 2023, with net revenue after inter-segment elimination rising 20.5% to $94.8 million[38] - Hotel operations in Hong Kong generated revenue of $304.3 million in 2023, a significant increase from $156.7 million in 2022, with a profit of $17.7 million compared to a loss of $35.5 million in 2022[100] - Mainland China hotel operations saw revenue rise to $702.6 million in 2023 from $429.5 million in 2022, with a profit of $25.0 million compared to a loss of $145.0 million in 2022[100] - Singapore hotel operations reported revenue of $264.0 million in 2023, up from $197.4 million in 2022, with a profit increase to $38.7 million from $18.6 million in 2022[100] - Revenue from hotel properties in 2023 was $1,041,003,000 for room revenue and $788,677,000 for food and beverage sales, compared to $622,975,000 and $559,903,000 respectively in 2022[96] - Revenue from hotel management and related services increased to $94,736,000 in 2023 from $78,680,000 in 2022[96] Investment Properties - The company's investment properties portfolio as of December 31, 2023, included 1,189.4 thousand square meters of office space, 837.0 thousand square meters of commercial space, and 399.1 thousand square meters of serviced apartments/residential space[9] - Investment property revenue increased by 8.6% to $108.3 million in 2023, contributing to the overall growth[16] - Investment property revenue increased by 8.6% to $108.3 million in 2023, with significant improvements in Mongolia, Sri Lanka, and Singapore, partially offset by a decline in China[39][40] - Investment properties segment's actual attributable EBITDA for 2023 was $281.3 million, a 2.4% increase from $274.7 million in 2022, with significant improvements in Sri Lanka, Mongolia, and Singapore subsidiaries[46] - Investment properties generated a profit of $185.3 million in 2023, a slight increase from $182.0 million in 2022, reflecting steady growth[52] - Investment property revenue rose to $108,309,000 in 2023 from $99,701,000 in 2022[96] - Investment properties in Mainland China generated a profit of $164.0 million in 2023, slightly down from $167.8 million in 2022[100] - The company's total profit from investment properties and properties for sale was $244.0 million in 2023, up from $164.4 million in 2022[104] - Investment properties in Mainland China increased to $645.1 million in 2023 from $608.2 million in 2022, while total investment properties rose to $1,982.4 million from $1,901.9 million[106] Debt and Financing - The company's net debt decreased by $128.8 million to $4,717.6 million as of December 31, 2023, due to increased operating cash flow from hotel operations[55] - The debt-to-equity ratio improved to 86.3% in 2023 from 89.3% in 2022, driven by increased equity and positive free cash flow[55] - The company secured multiple bank loan agreements totaling approximately $1.95 billion for refinancing and project financing, including sustainable development-linked loans[55][56] - The adjusted equity of the company stood at $9.2 billion as of December 31, 2023, with a debt ratio of 62.9%[56] - Total outstanding borrowings as of December 31, 2023, amounted to $5,685.2 million, with 62.7% due in 3-5 years, 18.5% due in the second year, 10.7% due within one year, and 8.1% due after five years[57] - The company's cash and bank balances totaled $967.6 million as of December 31, 2023, with significant holdings in USD ($202.5 million), RMB ($330.1 million), and SGD ($110.3 million)[58] - The company issued SGD 160 million (approximately $120.2 million) in 5-year fixed-rate bonds at 4.40% annual coupon in August 2023 and secured RMB 9.7 billion (approximately $1.37 billion) in fixed-rate bank loans at 4.00%-4.50% annual interest rates[60] - As of December 31, 2023, 65.8% of the company's outstanding borrowings had fixed interest liabilities, up from 60.6% in 2022, through fixed-rate bonds, loans, and interest rate swaps[60] - The company has committed and available undrawn bank loan facilities of $1,574,252,000, which will expire after December 31, 2024, ensuring sufficient resources for continued operations[91] Employee and Corporate Culture - The company employs over 43,000 talented and dedicated employees, focusing on leadership development, employee capability enhancement, recognition and rewards, and fostering the Shangri-La culture[74] - In 2023, the company launched leadership development programs benefiting over 500 leaders and future leaders, including the Business Leaders Program, Operations Leaders Program, and Emerging Leaders Program[75] - The company conducted assessments of over 2,750 current leaders, focusing on organizational structure, leadership qualities, and functional expertise, to further guide their teams towards achieving the company's goals and vision[76] - The company launched 47 internally developed courses in 2023, with 20 focusing on information and technology, and employees spent an average of 58 hours on learning annually[77] - The Shangri-La+ Management Trainee Program achieved a 100% retention rate in 2023[77] - The company's employee benefits expenditure (excluding director remuneration) was $762.1 million in 2023, up from $630.6 million in 2022[79] - The company conducted a cultural survey in 2023 with a 99% response rate, achieving an overall score of 3.8 out of 4, indicating improved employee satisfaction[80] - The company achieved a key leader retention rate of over 90% in 2023[80] - The company expanded its free room and employee discount rate program to all hotels and levels of colleagues in 2023[78] - The company's global employee count was 43,600, including all operational hotels, as of December 31, 2023[79] - The company's performance management approach was enhanced in 2023, incorporating performance development dialogues into goal-setting and year-end review processes[77] - The company's Joyful Moments program recognized employees who exemplified its culture and values in 2023[78] Dividends and Shareholder Returns - The company resumed dividend payments, declaring a final dividend of 15 HK cents per share, totaling approximately $70 million[4][5] - The company proposed a final dividend of 15 HK cents per share for 2023, amounting to $68.7 million[127] - The proposed final dividend of 15 HK cents per share for 2023 will be distributed on June 14, 2024, to shareholders registered on June 4, 2024[135] - Share transfer documents and related share certificates must be submitted to the company's share registrar in Hong Kong by 4:30 PM on June 4, 2024, to be eligible for the proposed final dividend[135] Asset and Property Management - As of December 31, 2023, the company operated 103 hotels with a total of 41,800 rooms, including 83 owned/leased hotels and 20 managed hotels[7] - The company operates 80 hotels with equity interests and 3 hotels under operating leases, totaling 35,135 available rooms as of December 31, 2023[18] - Mainland China and Hong Kong accounted for 19,354 available rooms, with significant properties including the Kowloon Shangri-La (679 rooms) and the Island Shangri-La (545 rooms)[17][19] - Southeast Asia operations, including Singapore, Malaysia, and the Philippines, contributed 7,251 available rooms, with notable properties such as the Singapore Shangri-La (792 rooms) and the Manila Makati Shangri-La (696 rooms)[20] - Other regions, including Europe, Africa, and Australia, contributed 3,678 available rooms, with properties like the Paris Shangri-La (101 rooms) and the Sydney Shangri-La (564 rooms)[21] - The company managed a total of 103 hotels and resorts as of December 31, 2023, including 80 owned hotels, 3 leased hotels, and 20 third-party-owned hotels[35] - The company manages 21 hotels owned by third parties, with three new hotels under development in Hangzhou (China), Phnom Penh (Cambodia), and Melbourne (Australia)[73] - The company is developing several hotel projects, including the 274-room Kunming JEN Hotel and the 75-room Kunming Shangri-La, both expected to open in 2024 and 2025 respectively, with a total of 611 rooms at the Hongqiao Airport Shangri-La and Traders Hotel set to open in 2024[68] - The company's mixed-use development projects include the Shenyang Kerry Center (Phase 3) with a total gross floor area of 413,028 square meters, expected to be completed in phases starting from 2024[69] - The company acquired the remaining 30% equity of a subsidiary owning the Shangri-La Maldives Resort & Spa for zero consideration, resulting in the derecognition of a non-controlling interest deficit of $59.8 million and a transfer of $57.1 million to retained earnings[72] Corporate Governance and Compliance - The company has adopted a comprehensive manual ("Directors' Handbook") that includes corporate governance guidelines consistent with or more stringent than the Corporate Governance Code of the Hong Kong Stock Exchange[134] - The company has complied with the Corporate Governance Code during the year ended December 31, 2023[134] - The company's board of directors includes executive directors, non-executive directors, and independent non-executive directors, with Ms. Kuok Hui Kwong as the Chairman[136] Other Financial Metrics - The actual share of the company's hotel property valuation was $12,000.4 million as of December 31, 2023, with $4,938.7 million from external valuation and $7,061.7 million from internal valuation[12] - The actual share of valuation surplus after deferred tax was $5,753.3 million, with $3,569.8 million from external valuation and $2,183.5 million from internal valuation[12] - Adjusted net asset value increased to $10,975.7 million from the reported $5,222.4 million if all hotel properties were presented at fair value[12] - The total equity increased to $11,686.2 million from the reported $5,468.0 million after adjusting for hotel property valuation surplus[12] - Adjusted net asset value per share was $3.09 (equivalent to HK$23.95) compared to the reported $1.47 (equivalent to HK$11.39)[13] - The company's hotel properties in China had a valuation

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示，概不會就本公佈全部或任何部份內容而 產生或因倚賴該等內容而引致之任何損失承擔任何責任。 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） 網址: www.ir.shangri-la.com （股份代號：00069） 有關2022年年報之補充公佈 茲提述香格里拉（亞洲）有限公司（「本公司」）截至2022年12月31日止財政年度之年 報（「2022年年報」）。除另有說明外，本公佈所用之詞彙與2022年年報所用之詞彙具 有相同涵義。 本公司之獎勵計劃於2012年5月28日採納，並於2012年8月10日、2018年5月31日及2022 年12月29日進一步修訂，以施加進一步限制／上限／變化。於2022年12月31日止年度 內，合共12,458,000股股份及2,274,000股股份已分別授出及歸屬予合資格承授人。 有關已授出及歸屬獎勵股份變動之詳情，請參閱2022年年報「董事會報告」一節「股份 獎勵計劃」一段。於該財政年度根據獎勵計劃授出獎勵股 ...

2 1 4 封面照片： 3 1. 巴黎香格里拉 2. 香港嘉里酒店 3. 5 6 福州香格里拉中心 4. 港島香格里拉 5. JEN 深圳前海 酒店 6. 北京首鋼園香格里拉 企業資料 於2023年8月30日 董事會 核數師 執行董事 羅兵咸永道會計師事務所 執業會計師 郭惠光女士（主席） 註冊公眾利益實體核數師 蔡志偉先生（集團首席財務官兼集團首席投資官） 香港特別行政區 中環 非執行董事 太子大廈22樓 林明志先生 總辦事處及主要營業地點 獨立非執行董事 香港特別行政區 李國章教授 鰂魚涌 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不會就本公佈全部或任 何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 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） 網址：www.ir.shangri-la.com （股份代號：00069） 2023年中期業績公佈 香格里拉（亞洲）有限公司（「本公司」）董事會（「董事會」）謹此公佈本公司及其附 屬公司（「本集團」）與其聯營公司截至2023年6月30日止六個月的未經審核中期業績。 此業績已由本公司的核數師羅兵咸永道會計師事務所按照香港審閱準則第2410號「由 實體的獨立核數師執行中期財務資料審閱」作出審閱，並經由董事會的審核及風 險委員會審閱。此核數師審閱報告將收錄於寄發予本公司股東的中期報告內。 截至2023年6月30日止六個月，未計非營運項目前本公司擁有人應佔綜合財務業績 錄得溢利64,600,000美元，較去年同期之虧損105,000,000美元改善169,600,000美 元。計入非營運項目後的本公司擁有人應 ...

2 1 4 3 封面照片： 1. JEN 深圳前海 酒店 2. 香港嘉里酒店 3. 5 6 港島香格里拉 4. 倫敦香格里拉 5. 毛里求斯香格里拉 6. 北京首鋼園香格里拉 目錄 2 76 回顧 企業管治報告 2 77 本集團業務覆蓋 董事手冊及企業管治功能 3 79 財務摘要 董事會 5 81 企業資料 執行委員會 6 82 年度回顧 提名委員會 9 85 年度獎項 薪酬及人力資源委員會 10 88 主席報告 審核及風險委員會 12 90 董事會、公司秘書及高層管理人員 管理委員會 90 風險管理及內部監控系統 95 20 ...

SHANGRI~LA GROUP 香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不會就本公佈全部或任 何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 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） 網址：www.ir.shangri-la.com （股份代號：00069） 2022年末期業績公佈 香格里拉（亞洲）有限公司（「本公司」）董事會（「董事會」）謹此公佈本公司及其附 屬公司（「本集團」）與其聯營公司截至2022年12月31日止年度的業績。截至2022年 12月31日止年度的綜合財務報表已由本公司的核數師羅兵咸永道會計師事務所按 照香港會計師公會頒佈之香港核數準則作出審核，並經由董事會之審核及風險委 員會審閱。核數師報告並無保留意見。 下表概述本集團的財務業績摘要： | --- | --- | --- | --- | |--------------------------------------------------------------------- ...