FY22 Financial Highlights slide image

FY22 Financial Highlights

Improved PBIT in Singapore, Australia and Hospitality Business Segment FY22 FY21 Change Singapore S$536.4 m S$270.7 m ▲ 98.2% Australia S$80.8 m S$60.8 m 32.9% S$460.4 m S$829.5 m ▼ 44.5% Industrial Industrial (excluding unrealised valuation gain S$460.4 m S$473.8 m ▼ 2.8% on change in use) Hospitality S$100.9 m S$4.4 m N/M Thailand & Vietnam S$100.2 m S$196.7 m ▼ 49.1% Others1 S$53.2 m S$117.0 m ▼ 54.5% Corporate and others (S$82.7 m) (S$54.4 m) ▲ 52.0% TOTAL S$1,249.2 m S$1,424.7 m 12.3% 1. Consists of China and the UK. We are Frasers Property Remarks Higher contribution from residential development and FCT plus share of fair value gain of Frasers Tower Higher contribution from development division due mainly to gain on disposals of development rights and land site Absence of unrealised valuation gain on change in use of a portfolio of industrial assets transferred from properties held for sale to investment properties Excluding unrealised valuation gain on change in use, contributions decreased following the divestment of Cross Street Exchange Higher occupancies and higher room rates, primarily driven by UK properties Excluding the share of FV change and El of JVs and associates, PBIT would have increased by 2% due to improved operating performance across all FPT segments, partially offset by lower level of settlements of residential units for Q2 Thao Dien Decline in contributions in China and the UK due to lower level of settlements and additional provision for cladding costs on a UK development project Absence of cost writeback in prior year, higher corporate overheads and higher share of losses of associates Excluding unrealised valuation gain on change in use, PBIT would have increased by 16.9% from S$1,069.0 million to S$1,249.2 million 24 21
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