Collection of key figures

Pursuant to Section 315e (1) HGB, the consolidated financial statements of HHLA are prepared in accordance with IFRS as at the closing date. The amounts used to calculate the relevant key performance indicators (KPIs) for revenue (revenue KPI), capital expenditure (CapEx KPI) and operating expenses (OpEx KPI) are based on the figures reported in the consolidated financial statements so that duplicate counting across economic activities can be avoided. In terms of collecting and calculating the KPIs using data located in other HHLA IT systems, the quality of the data was ensured by means of control mechanisms (double-checking principle) and plausibility checks.

Based on the complete analysis of economic activities to determine taxonomy eligibility and alignment, the proportion of taxonomy-eligible and taxonomy-aligned revenue, capital expenditure (CapEx) and operating expenses (OpEx) of HHLA in the respective totals for the 2023 financial year is stated.

Revenue KPI

Definition

Revenue includes the income disclosed in accordance with IAS 1.82a.

The revenue KPI is determined as a ratio of the numerator and denominator as defined below:

• The numerator of the revenue KPI is defined as Group revenue generated by products and services in connection with taxonomy-eligible and taxonomy-aligned commercial activities.
• The denominator of the revenue KPI is based on the HHLA Group’s reported revenue in the income statement.

Revenue KPI

Revenue KPI

The revenue reported in HHLA's consolidated income statement was analysed across all Group companies to determine whether it was generated from taxonomy-eligible or taxonomy-aligned economic activities for one of the six environmental objectives of the Climate Delegated Act. Analysis of economic activities

Following a detailed analysis of the items included in revenue, the respective revenue amounts are allocated to the taxonomy-eligible or taxonomy-aligned economic activities.

Revenue KPIs

The revenue KPIs calculated for the 2023 financial year are as follows:

HHLA generates most of its revenue from its seaport terminals and intermodal container transport in Central and Eastern Europe. Overall, 95.8 % of revenue was generated from taxonomy-eligible economic activities. This percentage was approximately the same as in the previous year.

The main components of taxonomy-eligible revenue were economic activities “6.16 Infrastructure enabling low carbon water transport” at 50.3 % and “6.2 Freight rail transport” at 24.6 %. Other components are detailed in the reporting forms for the EU taxonomy. Reporting forms for the EU taxonomy

The percentage of taxonomy-aligned activities of HHLA was 79.3 % in the reporting year. The main contributing activities were "6.16 Infrastructure enabling low carbon water transport" with 50.3 %, "6.2 Freight rail transport" with 23.8 % and "6.14 Infrastructure for rail transport" with 5.2 %. The majority of revenue resulted from customer contracts in the area of container handling and transport.

Only 16.5 % of HHLA’s revenue in the 2023 financial year was taxonomy-eligible but not taxonomy-aligned.

Capital expenditure (CapEx)

Definition

The basis for measuring capital expenditure (CapEx) is additions to property, plant and equipment and intangible assets during the financial year in question before depreciation and amortisation, and any remeasurements for the financial year in question and fair value changes. This also includes additions to property, plant and equipment and intangible assets resulting from business combinations (application of IFRS [IAS 16, 38, 40, 41, IFRS 16]). Acquired goodwill is not taken into account. Investments in non-current assets that are classified as held for sale or for distribution are only accounted for until the first time the relevant classification is made.

The CapEx KPI is determined as a ratio of the numerator and denominator as defined below:

• The numerator of the CapEx KPI is the total capital expenditure that is taxonomy-eligible or taxonomy-aligned.
• The denominator of the CapEx KPI comprises all capital expenditure. It results from total capital expenditure disclosed in the investment analysis of the financial and asset position section, and the intangible assets (no. 22) and additions to property, plant and equipment which result from business combinations (no. 23) disclosed in the notes to the consolidated financial statements.

CapEx KPI

CapEx KPI

The CapEx KPI provides the share of capital expenditure associated with a taxonomy-eligible or taxonomy-aligned economic activity. Additions are made either in fully taxonomy-eligible or taxonomy-aligned individual companies or are directly attributable to taxonomy-eligible or taxonomy-aligned economic activities following an analysis of taxonomy eligibility or alignment and a comparison with the technical screening criteria. Analysis of economic activities

CapEx KPIs

The KPIs calculated for the proportion of taxonomy-eligible or taxonomy-aligned capital expenditure are as follows:

In the 2023 financial year, 93.6 % of capital expenditure corresponded to the application area of the EU taxonomy and could thus be assigned as taxonomy-eligible. Most of the taxonomy-eligible investments were also taxonomy-aligned investments (86.8 %). This represents an increase in taxonomy-aligned investments of 5.2 percentage points compared to the previous year. In the breakdown of acquisition types, 77.6 % was accounted for by capital expenditure and 9.2 % by additions to property, plant and equipment through business combinations. The taxonomy-aligned investments were attributable to the economic activities "6.16 Infrastructure enabling low carbon water transport" with 58.1 %, "6.2 Freight rail transport" with 20.1 %, "6.14 Infrastructure for rail transport" with 8.6 % and "4.1 Electricity generation using solar photovoltaic technology" with 0.04 %. The absolute change compared to the previous year is partly due to the preparations for the introduction of battery-powered Automated Guided Vehicles (AGVs) at CTB. Reporting forms for EU the taxonomy

Furthermore, the Delegated Regulation on reporting requirements stipulates that capital expenditure can also be classified as taxonomy-aligned if

• it is part of a plan to expand taxonomy-aligned economic activities or convert taxonomy-eligible into taxonomy-aligned economic activities (CapEx plan) or
• it relates to the acquisition of production from taxonomy-aligned economic activities and to individual measures aimed at conducting the target activities on a low-carbon basis or reducing greenhouse gas emissions.

Capital expenditure in both of the aforementioned categories is of minor importance (<2 % of total capital expenditure) and is therefore not material.

Operating expenses (OpEx)

Definition

The basis for measuring operating expenses are direct, non-capitalised costs for research and development, building renovation measures, short-term leases, maintenance and repairs, and any other direct expenditure for the day-to-day servicing of property, plant and equipment by the company or by third parties that are necessary to guarantee the continued and effective operation of these facilities.

The OpEx KPI is determined as a ratio of the numerator and denominator as defined below:

• The numerator of the OpEx KPI comprises the operating expenses that are taxonomy-eligible or taxonomy-aligned.
• The denominator comprises the total direct, non-capitalised costs for research and development, building renovations, short-term leases, maintenance and repairs, and all other direct expenditure for the ongoing maintenance of property, plant and equipment.

OpEx KPI

OpEx KPI

The OpEx KPI reveals the proportion of operating expenses as defined by the EU taxonomy that are associated with taxonomy-eligible or taxonomy-aligned economic activities. The numerator is the result of an analysis of the assets associated with the expenditure recorded in the above accounts with regard to their taxonomy eligibility or taxo­nomy alignment on the basis of a comparison with the technical screening criteria. Analysis of economic activities

In order to determine the denominator, the accounts reflecting direct, non-capitalised costs for research and development, building renovations, short-term leases and maintenance and repair costs were considered and reviewed.

OpEx KPIs

The KPIs calculated for operating expenditure are as follows:

In the 2023 financial year, operating expenses according to the definition of the EU taxo­nomy amounted to € 183.8 million. This mainly comprises workshop services for the container terminals and includes short-term leasing expenses, non-capitalised research and development expenses as well as personnel expenses incurred in the context of maintenance services. In total, 92.2 % of OpEx expenses were classified as taxonomy-eligible. This almost corresponds to the prior-year level and is at a similarly high level as the CapEx KPI. Most taxonomy-eligible operating expenses were also taxonomy-aligned. The biggest taxonomy-aligned operating expenditure related to economic activity “6.16 Infrastructure enabling low carbon water transport” at 69.6 %. Reporting forms for the EU taxonomy

Furthermore, the Delegated Regulation on reporting requirements provides for the classification of operating expenditure as taxonomy-aligned if

• it is part of the CapEx plan to expand taxonomy-aligned economic activities or it enables the conversion of taxonomy-eligible into taxonomy-aligned economic activities within a predefined period, or
• it relates to the acquisition of production from taxonomy-aligned economic activities, to individual measures aimed at conducting the target activities on a low-carbon basis or reducing greenhouse gas emissions or to individual building renovations.

The operating expenses in the two aforementioned categories are of minor significance.