香格里拉(亚洲)(00069) - 2021 - 年度财报

Financial Performance - The group's consolidated revenue for 2021 was $1,241.0 million, representing a 20.1% increase from $1,033.4 million in 2020[8]. - The adjusted EBITDA for the group was $132.8 million, a significant recovery from a loss of $84.9 million in 2020[8]. - The actual profit attributable to the company from operations improved to a loss of $193.2 million, a 55.3% reduction from a loss of $432.1 million in the previous year[8]. - The total loss attributable to the company was $290.6 million, down 36.9% from $460.2 million in 2020[8]. - The net asset value attributable to the company was $5,864.3 million, a decrease of 3.3% from $6,061.6 million in 2020[8]. - The cash flow from operating activities for the year was $990.9 million, indicating strong operational cash generation[13]. - The operating cash burn was significantly reduced from -$301.7 million in 2020 to -$51.2 million in 2021, indicating improved operational resilience[27]. - The company reported a comprehensive loss attributable to owners of $290.6 million for the year ended December 31, 2021, a decrease of $169.6 million from a loss of $460.2 million in 2020[92]. - The net loss for the year was $344.4 million, a 32.5% improvement from a loss of $510.6 million in 2020[60]. - The total profit before interest, tax, depreciation, amortization, and non-operating items attributable to the company for the year ended December 31, 2021, was $418 million, an increase of 130.2% compared to $181.6 million for the year ended December 31, 2020[86]. Business Operations and Expansion - The company is actively expanding its business operations across various regions, including the Middle East, Asia, and Europe[6]. - Future outlook includes continued focus on operational recovery and potential new projects in key markets[6]. - The company opened two new hotels in China in 2021, including the Shanghai Qiantan Shangri-La and the Beijing Shougang Shangri-La, with plans for more openings in 2022[27]. - The company is focusing on market expansion, particularly in Southeast Asia, with plans to open 10 new locations by the end of 2022[52]. - The company is developing several hotel projects in China, including the JEN Hotel in Kunming (45% equity, 274 rooms, opening in 2023) and Zhengzhou Shangri-La (45% equity, 314 rooms, opening in 2024)[105]. - The company has a total of 22 management agreements for hotels owned by third parties, with new openings in Shanghai, Beijing, and Jeddah in 2021[110]. Community Engagement and Social Responsibility - Shangri-La Group distributed care packages to over 11,400 households during 2021 as part of its community care program[17]. - The company provided over 64,000 meals to vulnerable communities during the fifth wave of COVID-19 in Hong Kong, with plans to continue donating over 6,000 meals daily until April 2022[29]. - The company has initiated community vaccination campaigns in collaboration with local health authorities[149]. - The company organized 474 activities to support elderly community members, with 205 elderly individuals receiving assistance and 10,624 volunteer hours logged[159]. - The company has established long-term partnerships with local communities to enhance education and health services for children and youth[156]. - The company has allocated $542,700 for 75 humanitarian projects, benefiting over 7,000 individuals[155]. Sustainability and Environmental Initiatives - The company aims to reduce single-use plastic usage by 50% from 2019 levels by 2026, with 16 hotels already installing drinking water filtration systems[28]. - Shangri-La has been included in the Hang Seng Sustainable Development Corporate Index Series since 2011, highlighting its commitment to sustainability[132]. - The company aims to reduce the purchase of single-use plastics by 50% over five years starting from 2022, based on 2019 levels[138]. - The environmental management system is integrated into daily operations across all properties, with regular audits to assess energy and water efficiency[135]. - The hotel modernization project aims to save up to 49% energy in newly renovated rooms[142]. - The company has committed to installing in-room water filtration systems or bottled water facilities in new and renovated hotels to replace single-use plastic bottles[138]. Governance and Management - The board includes independent non-executive directors with extensive experience in various sectors, enhancing governance and strategic oversight[39]. - The company has appointed new members to key committees, including the Remuneration and Human Resources Committee, to strengthen its operational framework[40]. - The company is committed to sustainability and corporate governance, aligning with global best practices to attract investors[40]. - The board's diverse expertise includes backgrounds in finance, technology, and management, contributing to well-rounded decision-making[39]. - The company has established a strong brand and high-quality service as competitive advantages in the hotel industry[178]. Financial Position and Debt Management - The net debt of the group as of December 31, 2021, was $4.803 billion, an increase of $74.9 million from $4.7281 billion in 2020[94]. - The debt-to-equity ratio rose from 74.9% on December 31, 2020, to 79.4% on December 31, 2021, due to increased net debt and losses recorded during the year[94]. - The company holds cash and bank balances totaling $784.9 million as of December 31, 2021, against total borrowings of $5,587.9 million[96]. - The company has $1,916.3 million in undrawn committed credit facilities, of which $930.0 million is reserved to replace existing loans from the same bank[95]. - The company recorded a net fair value gain of $60.0 million from investment properties for the year ended December 31, 2021[100]. Employee Engagement and Development - The average voluntary turnover rate for the company was 22%, reflecting challenges in the hotel industry[111]. - In 2021, over 400 leaders participated in customized leadership development programs lasting 6 to 18 months, utilizing immersive learning methods[112]. - The company has engaged 12,000 employees in training related to sustainable ingredient sourcing since 2020[162]. - Over 1,073,800 total training hours completed for staff development[150]. - The average training cost per full-time employee is $28,168[150]. Awards and Recognition - Shangri-La Group received multiple awards in 2021, including recognition as the Best Business Hotel Brand in the Asia-Pacific region[25].