长和2024年中期报告

2024 GBM, KBE, LLD (Hon), DSSc (Hon)Grande Ufficiale Ordine al Merito della Repubblica ItalianaCommandeur de la Légion d’HonneurCommandeur de l’Ordre de LéopoldGrand Officer of the Order Vasco Nunez de Balboa BSc, MSc, LLD (Hon)Grande Ufficiale dell’Ordine della Stella d’ItaliaBA, DFM, FCA (ANZ)MA, LLLBSc, MBABA, MScBSc, MBABSE, MA, MA, EdM, Solicitor,FCG(CS, CGP), HKFCG(CS, CGP)(PE)MA, MBA, CA, CPA (1)(2) LLMGBM, GBS, OBE, JPOBE, BBS, MABSc (1)(3)(2) (2)(1) BA, MBABScGBS, SBS, OBE, JPBScMBA, CPA, CGA, FCA, FCCA, FCPABA, PhD(1)PhD, DBE, JP (1)2024523(2)(3) • 1 2 28 36 37 38 39 • 2202411202363020246 30 EBITDAEBITEBITDA 116IFRS1617IAS 17IAS 17IFRS 16IFRS 16IFRS 16IAS 17IFRS 16EBITDAEBITIFRS 16 2202411202363020246 30 3EBITDAEBITEBITDAEBIT 2024630 116IFRS 1617IAS 17IAS 17IFRS 16IFRS 16IFRS 16IAS 17IFRS 16EBITDAEBITIFRS 16 2EBITDAEBIT 3202420236303,830,044,500 20242934,2307% 2159,40020239%4%EBITDA(1)793,800EBIT(1)578,50022%33% I F R S 16E B I T D AE B I T20235%5%Cenovus Energy20242023 2024 IFRS 161 0 19 , 2 0 02 0 2 37%6%I F R S 1620241025009% 2024120245125%6.5% 20246 302.6620236 302.93 202462816,5482%9146,9003%EBITDA(2)EBIT(2)708,900543,300EBITDAEBIT5%2%1%EBITDAEBIT 202316% 202492620249166882023630756 2024 202488%5%6%EBITDAEBIT6%EBITDAEBIT16%17%EBITDAEBIT11%19%2024EBITDA25,000EBIT 20244Phoenix Energy20248Phoenix Energy40%2024940% UK Power Networks2024UU SolarUU Solar696532175137 202416,400 CK Hutchison Group Telecom CK Hutchison Group TelecomCKHGT4293,400507,1003%EBITDA(3)EBIT(3)1173,200138,700182,20021,50017%444%39 1250.4%358%58180% 33 202463034,0501%Wind Tre 75.67% 3993,5003%2023202433% IFRS 16431,1002% EBITDA1513,40020236301335,700EBIT216,9002023630 2024 EBITDA(4)1104,3008%78,1002%21,300EBIT(4)169,30050%56,800EBITDA 2024E B I T D A(5)E B I T(5)20242023Cenovus EnergyIndosatOoredoo HutchisonIOH Cenovus Energy17.1%IFRS 16EBITDAEBIT55400311,300211,60033%56%46% 202438202412720247OpNetWind Tre IOHEBITDA18%43% 202417%1,4307,600(6)2,8083,500(6)1,3775,900202312 311,3181,000(6)17.0%2023123116.1% 202020301250%2030342%5G 20244202320351250%2050 2024 333Wind Tre3(Investors in Diversity)Wind Tre(UNI/PDR 125 202442010 20248 15 20247%4,23065%35%202365%35%14%5%4%2% 20249%EBITDA EBIT22%33%EBITDAEBIT22%34%EBITDAEBIT33%46%20238EBITDAEBIT16%24% 20246302932024295 16,40020246 30122816,5482% 20244.5%9.2%6.6%-18.6% 3%EBITDAEBITEBITDAEBIT5%2%1%EBITDAEBIT16% 2024EBITDA100%EBITDAEBIT6% 75.67%Northumbrian WaterPark’N Fly Australian Gas Networks Dutch Enviro EnergyWales & West UtilitiesUK Rails 2024IFRS 16431,1002% 202463036.01%2024(2)108,2002%2024(2)186,50017%(2)202314%2024(2)5%86,400(2)7%2024(2)41,9001%2024(2)310025%Canadian PowerPark’N FlyCanadian Midstream AssetsReliance Home Comfort2024(2)8,00011%13%Enviro NZ2024(2)9,6006% 202520247Northumbrian Water20252030Northumbrian Water45SA Power Networks20252030202412Wellington Electricity2024 52025411 20246 30929.8%20246 3047.8% A/ 2IFRS 16 CK Hutchison Group Telecom 33993,5002912,6003% 20246304,0501%20241.2%20231.2%3ARPU12.7620233AMPU1%11.65 320243% 3EBITDAEBIT8%50%2% CK Hutchison Group Telecom CK Hutchison Group Telecom 3EBITDAEBIT31%61%9% Wind TreEBITDAEBIT20238% 60%6%EBITDAEBIT7%18%5G(TDD)5G202425 60%6%4%EBITDAEBIT21%46%5G5G90%TDD60% 3E B I T D A6%5%E B I T6%EBITDA5G5G(FDD)TDD90%65% 4%A M P UEBITDAEBIT11%267%202435G90% 205,80012%EBITDA61,9001%EBIT6,000202322% 120241 120236 3020246 30 2IFRS 16EBITDA1236,20020236 301334,400EBIT653,70020236 30784,100 TOMMarionnaudIndosat Ooredoo HutchisonIOHCenovus EnergyTPG Telecom Limited 25.05%Hutchison Telecommunications (Australia) Limited EBITDAEBIT 20238%17%20242023EBITDAEBITIOH IFRS 16Cenovus EnergyEBITDA EBIT55400311,300211,60033%56%46% IOHIFRS 16EBITDA134,12027,35018%43%13%24 20246 301,4307,600 2024630982,8001%20246303.6%20236302.9% 2024630551,10055%2024 20246 3032%68%202312 3134%66%336,40020246 3031%69%202312 3132%68%20246303.6%20236 302.9% 50502024EBITDA(1)52210051%21%202463034%3%23%4%(2)1,3775,90045%3%(3)6,6973,10022%23% 20246 3032%49%6%5%8%495,50034%49%6%3%8% 202410%EBITDA11NPAT340.310%EBITDA11NPAT2620.3 A2AA-A2AA-CK Hutchison Group Telecom HoldingsCK Hutchison Group TelecomBaa1A-A-CK Hutchison Group Telecom 8%202312 3111% 1IFRS 162024EBITDA6342,20020236306115,1002IFRS 1620246301,3666,700202312311,3058,5003IFRS 1620246306,5696,000202312316,7054,900 20246301,4307,600202312311,43190016%47%3%23%4%7% 92%202312 3189%5%202312 315%3%202312 316%72%25%3%Aaa/AAAAa1/AA+1.4 2024EBITDA5221004993,3005%20244)2119,3002098,1001% 2024974,60020236301157,600111,00020236 30229001180020236 3086,30024,70020236 3016,200CK Hutchison Group Telecom716,00020236 308212,10020236 3014,200 20245770020236 30605,70058,80020236 30133,800104,90020236 30147,500274,50020236 30231,700132,500202363092,700 1640020236 309,50013,70020236 30141,80020236 305,600CK Hutchison Group Telecom4,50020236 303,4004002023630500 (5)892,600762,20017% (2)(v) 4IFRS 1620242819,4002023630281