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8ADVANCING AHEADBALANCE SHEET OPTIMISATION AND GROWTH IN PERPETUAL ESRMANAGED VEHICLES%u2022%u0009 Completedassetsyndicationsofmore than US$1 billion in the past year, including the listing of ESR China REIT (%u201cESR C-REIT%u201d) on the Shanghai Stock Exchange on 24 January 2025%u2022%u0009 US$5.4billioncapitalraisedincluding recapitalisations amid a historically tough fund raising environmentSTREAMLINING BUSINESS TO ALIGN WITH STRUCTURAL TAILWINDS%u2022%u0009 Continuedfocusindrivinglongterm sustainable growth and shareholder value supported by favourable structural trends in digitalisation and decarbonisation%u2022%u0009 NewEconomyFee-relatedAUMincreased to approximately 60% post non-core divestmentsFY2024 Performance HighlightsNotes:1Fee-related AUM excludes AUM from Associates and levered uncalled capital.2Based on FX rates as at 31 December 2024.3Total AUM included the reported AUM of the Associates and assumed the value of the uncalled capital commitments in the private funds and investment vehicles on a levered basis.4Fund Management EBITDA excludes the share of fair value of financial derivative assets in relation to an associate. For FY2024, also excludes disposal loss on assets held for sale.5Calculated as (loss)/profit before tax, adding back depreciation and amortisation and finance costs (net). Excludes changes in fair value of financial derivative assets in relation to an associate, impairment losses on non-core divestments/business or near-term divestments, share of fair value losses relating to Cromwell Property Group (%u201cCromwell%u201d), share-based compensation expense; and transaction costs related to a possible privatisation of the Company, which, if proceeded with, could result in a delisting of the Company from the Stock Exchange (%u201cTransaction Costs related to Proposed Privatisation%u201d).6Refers to (loss)/profit after tax and minority interests. Excludes the amortisation of intangible assets attributable to the ARA acquisition (net of tax), changes in fair value of financial derivative assets in relation to an associate, impairment losses on non-core divestments/business or near-term divestments, share of fair value losses relating to Cromwell, share-based compensation expense related to ARA; and Transaction Costs related to Proposed Privatisation.SIGNIFICANT PROGRESS IN BUSINESS INTEGRATION TO FORM ONE ESR%u2022%u0009 Aunifiedgroupofhighperformingteams embedded in a culture of collaboration, continuous improvement and innovation to drive higher productivity and efficiency across the organisation%u2022%u0009 Committedtoupholdingitsleadership as a best In-class APAC Fund Manager and New Economy LeaderDELIVERING ON OPERATIONAL EXECUTION CAPABILITIES IN DATA CENTRES%u2022%u0009 CompletedcoreandshellofESR%u2019sflagship data centre project, ESR Cosmosquare OS1 Data Centre%u2022%u0009 Announcedjointventure(%u201cJV%u201d) with CloudHQ to co-develop and operate a US$2.0 billion, 130MW data centre campus in JapanSTRENGTHENED CAPITAL MANAGEMENT AT REDUCED COST%u2022%u0009 Achieved60basispointsreductioninweightedaverageinterestcostto4.7%for FY2024%u2022%u0009 SecuredUS$2.5billionsustainability-linkedfacilities,oneofthelargestloans raised in the Southeast Asia real estate sector in 2024US$71 billionUS$142 billionUS$498 millionUS$321 million-US$80 million-US$360 millionFee-related AUM1,2Total AUM2,3Fee IncomeFund Management EBITDA4EBITDA5PATMI6ESR Yokohama Sachiura Distribution Centre 1, Yokohama City, Japan