Interim Report 2023

3 INTERIM REPORT 2023 For the six months ended 30 June Year-on-year 2023 2022 changes HK$‘million HK$‘million Revenue Ports operation 5,406 6,172 (12.4%) Bonded logistics operation 301 254 18.5% Other operations 98 82 19.5% Total 5,805 6,508 (10.8%) EBITDA 3 Ports operation 3,184 3,753 (15.2%) Bonded logistics operation 164 114 43.9% Other operations 54 37 45.9% Total 3,402 3,904 (12.9%) Share of profits less losses of associates and joint ventures 3,057 5,036 (39.3%) Non-recurrent gains/(losses) 57 (169) (133.7%) Corporate function (175) (567) (69.1%) Finance costs, net (666) (808) (17.6%) Taxation (516) (626) (17.6%) Depreciation and amortisation (1,175) (1,209) (2.8%) Non-controlling interests and holders of perpetual capital securities (633) (736) (14.0%) Profit attributable to equity holders of the Company 3,351 4,825 (30.5%) 1 For 2023, include net change in fair value of investment properties, net of tax of HK$3 million, and net change in fair value of financial assets at fair value through profit or loss, net of tax of HK$29 million. For 2022, include loss on deemed disposal of partial interest in an associate, net of tax of HK$3 million, net change in fair value of investment properties, net of tax of HK$4 million, and net change in fair value of financial assets at fair value through profit or loss, net of tax of HK$150 million. 2 Total interest-bearing debts and lease liabilities less cash and bank balances. 3 Earnings of the Company and its subsidiaries before finance costs, net, taxation, depreciation and amortisation, but excluding share of profits less losses of associates and joint ventures, non-recurrent gains/(losses), corporate function, profit attributable to non-controlling interests and holders of perpetual capital securities.