Investor Presentaiton
2H 2022 - Financial Performance by Contract Types
Stronger performance across all contract types
Revenue (S$'mil)
Gross Profit (S$'mil)
RevPAU¹ (S$)
2H 2022
2H 2021
% Change
2H 2022
2H 2021
% Change
2H 2022
2H 2021
% Change
5%
42.6
40.1
6%
n.a.
n.a.
n.a.
Master Leases
47.2
44.8
Management Contracts with
Minimum Guaranteed
45.8
23.6
94%
19.7
9.9
99%
214
116
84%
Income²
Management Contracts
260.8
141.0
85%
102.3
41.2
148%
133
73
82%
Total
353.8
209.4
69%
164.6
91.2
80%
143
79
81%
•
•
Master Leases (26% of total GP): Revenue and gross profit increased mainly due to stronger performance from existing properties and new acquisitions.
Management Contracts with Minimum Guaranteed Income (12% of total GP): Revenue and gross profit increased mainly due to the recovery from Covid-19. Higher
revenue was partially offset by higher staff costs (due to absence of government grant and wage subsidies), property tax expense (due to lower property tax waiver) and
operation and maintenance expenses.
Management Contracts (62% of total GP): Revenue and gross profit were higher due to new acquisitions and stronger performance across most markets. Higher revenue
was partially offset by higher staff costs, operation & maintenance expenses, marketing expense and property tax expense.
Notes:
1.
2.
Revenue per available unit of properties under management contracts and MCMGI, excludes master leases, rental housing and student accommodation.
The management contracts for three of the properties in United Kingdom were converted to MCMGI from May 2022. For comparison purposes, the revenue, gross profit and RevPAU amounts for 2H 2021 were reclassified from Management
Contracts to MCMGI.
CapitaLand Ascott Trust
Investor Presentation
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