SHANGRI-LA ASIA-香格里拉(亚洲)(00069) - 2022 - 年度财报

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]