ESR(01821) - 2022 - 年度业绩

Financial Performance - Total revenue for the fiscal year 2022 reached $821.154 million, a 103.0% increase from $404.426 million in 2021[2] - Annual profit increased by 64.9% to $631.109 million compared to $382.676 million in the previous year[2] - Revenue increased by 103.0% from $404.4 million in FY2021 to $821.2 million in FY2022, while annual profit rose by 64.9% to $631.1 million[20] - Adjusted EBITDA grew by 63.0% from $706.8 million in FY2021 to $1,151.9 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 $574.1 million in FY2022[22] - EBITDA increased by 60.9% from $664.2 million in FY2021 to $1,068.5 million in FY2022[22] - The company reported a pre-tax profit of $815,125 thousand for 2022, up from $488,840 thousand in 2021[29] - The company reported a net profit attributable to ordinary equity holders of $574,145,000 for 2022, compared to $349,440,000 in 2021, resulting in a basic earnings per share of $0.13, up from $0.11[59] Asset Management and Growth - Total assets under management grew to $156.4 billion, up from $140.2 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 $152 billion, a year-on-year increase of 12%, with new economy asset management growing by 23% to $73 billion[10] - The group raised $7.6 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 $11.9 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 $4.2 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 $3,689,715 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 $70,777,000 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 HK$0.125 per share for the year ended December 31, 2022, totaling approximately HK$550 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 $169.3 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 $15 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] - 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]