FY22 Financial Highlights
Signs of recovery across all asset classes in Thailand
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FPT corporate developments and financial performance
Signs of recovery across all segments with improving residential sale margins, healthy occupancy of ~84% for the industrial property
portfolio, as well as the rebound in the hospitality business following the return of international visitors
Expansion of business presence in Indonesia via the acquisition of additional shares in PT SLP Surya Ticon Internusa ("SLP") and PT
Surya Internusa Timur ("SIT”) to achieve 75% and 100% ownership, respectively. Higher stake in the 149,000 sqm portfolio with occupancy of
70% as at September 2022 will provide a springboard for future market growth
Completed acquisition of Marriott Mayfair Executive Apartments
Successfully recycled quality industrial assets worth -S$68.43 million to FTREIT
Maintained financial resilience; successfully issued two debentures worth S$265.3 million
FPT is rated "A" with a "stable" outlook² by TRIS
Net interest cover
1. Based on SFRS(I). 2. trisrating.com/files/8716/3420/5684/FPT170-e.pdf.
We are Frasers Property
Financial Highlights¹
FY22
FY21
Change
Gross Revenue
S$589.7
S$617.9 m
4.6%
PBIT
S$156.4 m
S$143.8 m
▲ 8.8%
Cash and bank deposits
S$41.0 m
S$39.4 m
▲ 4.1%
Net debt/total equity
90.7%
90.1%
▲ 0.6 pp
5x
4x
▲ 1x
SLP, Karawang, Indonesia
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