Optimizing Terminal Assets Portfolio
4Q & FY2021 Financial Highlights with Satisfactory Margin Expansion
(US$ million, unless stated otherwise)
4Q2020
4Q2021
YoY (%)
FY2020
FY2021
YoY (%)
Consolidated throughput from Subsidiaries (in '000 TEU)
5,858
6,093
+4.0
22,329
23,375
+4.7
Revenue
277.9
347.6
+25.1
1,000.6
1,208.3
+20.7
Cost of sales
214.9
248.3
+15.5
768.0
883.1
+15.0
Gross profit
63.0
99.4
+57.7
232.6
325.2
+39.8
Gross profit margin
22.7%
28.6%
+5.9 pps
23.2%
26.9%
+3.7 pps
Share of profits from Joint Ventures & Associates
64.0
69.6
+8.8
272.7
329.4
+20.8
Profit before taxation
98.7
156.0
+58.0
408.6
500.5
+22.5
Net profit attributable to shareholders
98.2
92.9
-5.4
347.5
354.7
+2.1
EPS (US cents)
2.99
2.80
-6.4
10.81
10.70
-1.0
Dividend per share (US cents)
4.324
4.280
-1.0
N/A
payout ratio
40%
40%
N/A
Net profit attributable to shareholders (Excluding one-off items) (1)
EPS (US cents) (Excluding one-off items) (1)
88.3
70.8
-19.8
269.0
332.5
+23.6
2.70
2.13
-20.8
8.37
10.03
+19.8
Notes:
(1) For 2020, excluding 1Q2020 after-tax gain of USD$61.5M on disposal of interest in Yangzhou Terminal and Zhangjiagang Terminal; excluding 202020 after-tax gain of USD$7.1M on
disposal of interest in Jiangsu Yangtze Petrochemical Terminal; excluding 4Q2020 after-tax gain of USD$9.9M on disposal of interest in Qinzhou International Terminal. For 2021, excluding
4Q2021 after-tax gain of USD$11.5M on disposal of interest in Tianjin Euroasia Terminal and after-tax gain of USD$10.7M on re-measurement of the previously held 16.01% interest in
Tianjin Container Terminal at fair value upon acquisition of additional equity interest in Tianjin Container Terminal to make it a subsidiary.View entire presentation