Optimizing Terminal Assets Portfolio
Solid Financial Position to Support Further M&A Projects
As of 31 December 2021, our cash position maintained strong with cash and cash equivalents of USD 1.23 billion
➤ Net gearing ratio remained at a healthy level of 28.2% with average bank borrowing cost 2.92%
Expected Capex in 2022 will be USD 1.23 billion, of which approximately 30% is investment and the remaining 70% is PP&E
Capex (US$ million)
Investment
(US$ million, unless stated otherwise)
As at 31 Dec 2020
As at 31 Dec 2021
763
Total assets
11,224
12,033
PP&E
Total liabilities
Total equity
4,847
5,093
624
494
6,377
6,941
417
224
345
Total debt
3,048
3,220
128
Cash and cash equivalents
1,310
1,227
131
Net debt to equity
26.8%
28.2%
366
400
346
Average bank borrowing cost
3.24%
2.92%
214
2018
2019
2020
2021
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