INTERIM RESULTS
2021
CK Infrastructure
Holdings Limited | AUGUST 2021 |
Disclaimer
Potential investors and shareholders of the Companies (the "Potential Investors and Shareholders") are reminded that the Presentation comprises extracts of recent operational data and financial information of the Group which have not been reviewed or audited by the Companies' auditors.
Potential Investors and Shareholders should exercise caution when investing in or dealing in the securities of the Companies.
CK Infrastructure Holdings Limited | 1 |
2021 Interim Results Overview
Profit contribution from: (HK$ million) | 1H2021 | 1H2020 | 1H21 vs 1H20 |
Investment in Power Assets | 902 | 813 | +11% |
United Kingdom portfolio | 526 | 943 | -44% |
Australia portfolio | 919 | 918 | -% |
Continental Europe portfolio | 443 | 493 | -10% |
Canada portfolio | 248 | 146 | +70% |
New Zealand portfolio | 91 | 53 | +72% |
Hong Kong and Mainland China portfolio | 221 | 111 | +99% |
Total Profit Contribution | 3,350 | 3,477 | -4% |
Profit Attributable to Shareholders | 3,011 | 2,860 | +5% |
EPS (HK$/share) | 1.20 | 1.14 | +5% |
Interim DPS (HK$/share) | 0.69 | 0.68 | +1.5% |
CK Infrastructure Holdings Limited | 2 |
Breakdown of Profit Contribution
(in HK$ million) | 1H21 | 1H20 | 1H21 vs |
1H20 | |||
Investment in Power Assets | 902 | 813 | +11% |
- Non-cashdeferred tax charges & tax credit in respect of deferred tax liabilities on intangible assets
United Kingdom portfolio
Australia portfolio
Continental Europe portfolio
Canada portfolio
New Zealand portfolio
HK & Mainland China portfolio
- 943
- 918
- 493
- 146
- 53
221 111
-44%
-%
-10%
+70%
+72%
+99%
- Solid performance from AGIG
- Offset by lower profit contribution from VPN/UE (due to impact from regulatory resets) and EDL (lower power generation and termination of green scheme for WCMG)
- Divestment of Portugal Renewable Energy in Oct 2020
- Higher contribution from Dutch Enviro Energy
- Strong profit contribution from Reliance Home Comfort and Canadian Power
Total Contribution from Businesses | 3,350 | 3,477 | -4% |
Treasury Related Activities & Others | (116) | (219) | +47% |
Distribution to Perpetual Securities | (223) | (398) | +44% |
Profit Attributable to Shareholders | 3,011 | 2,860 | +5% |
- Strong recovery for EnviroNZ
- Strong recovery for China toll roads and materials businesses
- Redeemed US$1.2bn 5.875% perpetual securities in Mar 2021 / new US$300mn 4.2% perpetual securities issued in Jun 2021
Funds from Operations (FFO) | 4,360 | 3,388 | +29% |
CK Infrastructure Holdings Limited | 3 |
Profit Contribution by Region
Continental | ||
New Zealand | Europe | Canada |
9% | 5% | |
2% | ||
HK & China | ||
4% |
Australia 18%
UK
41%
PAH 21%
1H2021*
Continental | ||
New Zealand | Europe | Canada |
10% | 3% | |
1% | ||
HK & China |
2%
Australia
19%
UK | |
PAH | 42% |
23% |
1H2020*
* 2020 and 2021 figures exclude non-cash deferred tax charges and tax credit in respect of deferred tax liabilities on intangible assets in the UK
CK Infrastructure Holdings Limited | 4 |
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