ComfortDelGro Corporation Limited · SGX:C52
ComfortDelGro — Shareholder Meeting (April 2023)
13 slides from ComfortDelGro's shareholder meeting presentation, Apr 28, 2023
Slide 1: Summary of 2022 Financial Results Presentation
Summary of 2022 Financial Results Presentation 20th Annual General Meeting 28 April 2023
Slide 2: Disclaimer
Disclaimer This presentation is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for shares (“Shares”) in ComfortDelGro Corporation Limited (the "Company"). The value of shares and the income derived from them may fall as well as rise. Shares are
Slide 3: Contents
Contents • Review of Financial Results • Dividend Payout and Shareholder Return Page 3
Slide 4: Review of Financial Results
REVIEW OF FINANCIAL RESULTS Page 4
Slide 5: Income Statement
Income Statement $’m 2022 20211 Fav/(Adv) Revenue 3,780.8 3,502.8 278.0 / 7.9% Operating Costs (3,189.9) (2,903.0) (286.9) / (9.9%) Depreciation and Amortisation (357.2) (376.3) 19.1 / 5.1% Operating Profit excl. non‐recurring items (“OPE”) 233.7 223.5 10.2 / 4.6% Net Gain/(Loss) on Disposal 36.3 (1
Slide 6: Income Statement 2022 vs 2021
Income Statement 2022 vs 2021 • Revenue ↑$278.0m or 7.9% • Public Transport Services ↑$228.4m; Taxi ↑$12.1m; Automotive Engineering Services ↑$28.0m; Inspection & Testing ↑$7.4m; Car Rental & Leasing ↑$8.9m • Mainly due to post‐COVID reopening and higher fuel prices • Government relief of $19.6m vs
Slide 7: Balance Sheet
Balance Sheet $’m Dec 22 Dec 211 Fav/(Adv) Cash and short‐term deposit 967.0 919.1 47.9 / 5.2% Other current assets 677.7 701.5 (23.8) / (3.4%) Non‐current assets 3,056.1 3,293.8 (237.7) / (7.2%) Total Assets 4,700.8 4,914.4 (213.6) / (4.3%) Current liabilities 1,040.8 990.1 (50.7) / (5.1%) Non‐curr
Slide 8: Cashflow
Cashflow $’m 2022 20211 Cash from Operating Activities 682.2 727.8 Utilisation of Cash: Net CAPEX (222.3) (189.9) Dividends (171.3) (107.4) Tax (75.9) (67.0) Acquisitions – subsidiaries / JVs (37.9) (19.7) Others (5.9) 0.6 Total Utilisation of Cash (513.3) (383.4) Net Decrease in Borrowings (92.3) (
Slide 9: CAPEX Summary
CAPEX Summary 2022 20211 $302.4m $223.8m $ 62.6 m Proceeds from $ 80.1 m disposals $ 27.9 m $ 33.9 m Proceeds from $ 63.8 m disposals $ 67.6 m $ 98.8 m $ 222.3 m $ 34.4 m $ 189.9 m Net CAPEX Net CAPEX $ 30.7 m $ 49.4 m $ 46.5 m $ 44.5 m Buses Taxis Other vehicles Land and buildings Others • Buses –
Slide 10: Financial Summary
Financial Summary • P&L – 2022 Group PATMI $173.1m • Operating Profit excl. non‐recurring items and Government relief of $214.1m in 2022 vs $138.9m in 2021 • Activity levels improved in most geographies (except for China) as COVID‐19 restrictions were relaxed • Offset by increasing manpower shortage
Slide 11: Dividend Payout and Shareholder Return
DIVIDEND PAYOUT AND SHAREHOLDER RETURN Page 11
Slide 12: Financial Year 2022 Dividend Payout
Financial Year 2022 Dividend Payout FY2022 FY20211 Increase / (cents) (cents) (decrease) EPS (Cents) 7.99 5.68 2.31 / 40.7% Interim Dividend 2.85 2.10 0.75 / 35.7% • The Company maintains its dividend policy to pay Final Dividend 1.76 2.10 (0.34) / (16.2%) out at least 50% of PATMI Total 4.61 4.20 0
Slide 13: Thank You
THANK YOU COMFORIDELGRO