CCHL 2022 Annual Report

CCHL 2022 ANNUAL REPORT Christchurch City Holdings Ltd (CCHL) (NZX:CCH) is pleased to present its 2022 Annual Report in accordance with NZX Listing Rule 3.6.1. This announcement follows CCHL's full year results announcement on 31 August 2022. o Group revenue $1.056 billion o NPAT $121 million o $16 million dividend returned to the city o $383 million increase in net assets of the Group Despite significant disruptions caused by the ongoing impacts of COVID, the Christchurch City Holdings Limited (CCHL) Group lifted its annual earnings the organisation announced today, returning a $16 million dividend to the Christchurch City Council and growing the balance sheet of the Group by $383 million. CCHL Group revenue for the 2022 Financial Year was $1.056 billion, with net profit after tax of $121 million, including unrealised gains (including revaluations of investment property) of $59 million. CCHL's Group revenue was $1.024 billion in 2021 with a net profit of $92 million. The CCHL Group includes the city's major infrastructure companies, Christchurch Airport, Lyttelton Port Company, Orion Group, Enable, EcoCentral and Citycare Group. The Group's total assets increased to $5.3 billion in 2022 from $4.8 billion in 2021. Despite the ongoing effects of the pandemic, the Group demonstrated its ability to balance any challenges across its diverse portfolio of assets. Several subsidiaries exceeded their targeted revenue performance, including: o LPC saw revenue increase $20 million due to increased container volumes and charges, o Rising connection numbers allowed Enable to deliver a $12m increase in revenue, o Above-budget electricity distribution revenue led to an $11m revenue increase for Orion. As a result of the extended lockdown in the Auckland region, Citycare's operating revenue fell by $11 million, while CIAL's revenue remained consistent with FY21, despite the impacts of closed borders and travel restrictions. Please refer to the attached CCHL 2022 Annual Report for further information on the full year Group and Parent results. ENDS For further information please contact: Toni Rowell Chief Financial Officer Christchurch City Holdings Ltd Phone +64 3 941 8374 Mobile +64 21 896 486 Email: toni.rowell@cchl.co.nz End CA:00399790 For:CCH Type:ANNREP Time:2022-09-30 16:09:44