Investor Presentaiton
FY 2022 - Financial Performance by Contract Types
Broad-based improvement in performance across the portfolio
Revenue (S$'mil)
Gross Profit (S$'mil)
RevPAU1 (S$)
FY 2022
FY 2021
% Change FY 2022
FY 2021
% Change
FY 2022
FY 2021
% Change
-2%
86.9
88.3
-2%
n.a.
n.a.
n.a.
Master Leases
96.4
98.4
Management Contracts with
Minimum Guaranteed
75.4
34.5
119%
31.8
14.5
119%
179
77
132%
Income²
Management Contracts
449.4
261.5
72%
164.1
70.5
133%
111
68
63%
Total
621.2
394.4
58%
282.8
173.3
63%
120
69
74%
•
•
Notes:
1.
Master Leases (31% of total GP): Revenue and gross profit decreased mainly due to the absence of contribution from Park Hotel Clarke Quay in Singapore ³ and
divestment of 2 properties in 2021, partially mitigated by the contribution from 3 new properties acquired in 2022. On a same-store basis4, master lease revenue was
5% higher y-o-y mainly due to stronger performance in Australia, France and South Korea.
Management Contracts with Minimum Guaranteed Income (11% 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 (58% of total GP): Revenue and gross profit were higher due to new acquisitions and stronger performance across almost all markets. Higher
revenue was partially offset by higher staff costs, operation & maintenance expenses, marketing expense and property tax expense.
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 FY 2021 were reclassified from Management
Contracts to MCMGI.
2.
3.
4.
Park Hotel Clarke Quay (now known as Riverside Hotel Robertson Quay) was reclassified from master lease to management contract in 2H 2021
Excluding the divestments in 2021, acquisitions in 2022 and Park Hotel Clarke Quay
CapitaLand Ascott Trust
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