China Merchants Port : 2020 Interim Results Presentation for Media Press Conference

2020 Interim Results Press Conference

28thAugust,2020

Performance Highlights

Business Analysis

Operation Overview

Outlook

Q&A

Performance Highlights - P&L and Dividend Payout

Items	1H 2020	1H 2019	Y-o-Y Change
Container throughput (million TEUs)	54.87	54.56	0.6%
Bulk cargo throughput (million Tonnes)	199	223	-10.9%
	HK$'million	HK$'million
Revenue	4,077	4,464	-8.7%
Revenue derived from ports operation	3,786	4,145	-8.7%
Profit attributable to equity holders of the Company	1,546	6,529	-76.3%
Derived from ports operation	2,265	7,067	-67.9%
Recurrent profit	1,409	2,045	-31.1%
Derived from ports operation	2,214	2,651	-16.5%
Basic EPS (HK cents)	44.83	196.07	-77.1%
Interim dividend per ordinary share (HK cents)	18.00	22.00	-18.2%

Performance Highlights - Financial Position

• Total assets of the Group increased by HK$2,723 million, mainly attributed to the subscription of mandatory convertible bonds issued by, and provision of loan to, an associate.
• Net gearing ratio was 41.5%, within healthy acceptable range.

Items	30 June 2020	31 Dec 2019	Change
	HK$'million	HK$'million
Total assets	151,805	149,082	1.8%
Net assets attributable to equity holders of the	76,473	79,783	-4.1%
company
NAV per share (HK$)	22.17	23.13	-4.2%
Interest-bearing debts1	44,527	39,416	13.0%
Cash and bank balances	6,626	7,800	-15.1%
Net interest-bearing debts	37,901	31,616	19.9%
Net gearing ratio2	41.5%	33.6%	Up 7.9 ppts

Notes: 1. Interest-bearing debts include bank loans, listed notes and loans from China Merchants Group，and loan from a non-controlling equity holder of a subsidiary 2. Net gearing ratio is calculated as period-end net debt divided by period-end net assets