Slide 1: 2023 Interim Results Presentation
Hang Lung Future Women Leaders Program in Jun 2023 Hang Lung and LVMH - Real Estate & Climate Forum in Nov 2022 Hang Lung ESG Investor Roadshow in Jun 2023 HKEX ESG Academy webinar in Jul 2023 2023 Interim Results Presentation July 2023
Slide 2: Scan QR codes to view 2023 Interim Results Presentation
Please scan or click on the QR codes to view 2023 Interim Results Presentation 2023 Interim Results Announcement ESG Presentation Hang Lung Properties Limited 2
Slide 3: Contents
Contents FY2023 Interim Results Highlights P.4 ESG Highlights P.15 CRM Highlights P.49 Mainland China Portfolio P.53 • Mall P.54 • Office P.59 • Hotel P.61 • Residences P.62 Mainland China Projects Under Development P.63 Hong Kong Portfolio P.64 • Residential Properties P.70 Appendix P.74 • HLP – Ma
Slide 4: FY2023 Interim Results Highlights
FY2023 Interim Results Highlights Hang Lung Properties (101.HK) Hang Lung Group (10.HK) Revenue Underlying Profit /(Loss) Revenue Underlying Profit /(Loss) 1H23 YoY 1H23 YoY change 1H23 YoY 1H23 YoY change (HK$mn) change (%) (HK$mn) (%) (HK$mn) change (%) (HK$mn) (%) Rental 5,237 +5% 2,246 +6% Renta
Slide 5: Financial Management
Financial Management HLP Average Borrowing Cost (%) Debt Portfolio as of June 30, 2023 6% 28% in Sustainable Finance RMB 5% 3.9% HK$47.2bn 49% RMB 28% 4% Total borrowings of total debts and available facilities (end-FY22: 46%) 3% 72% in 2% HKD 1% Floating / HKD floating RMB floating Fixed 0% Fixed R
Slide 6: Revenue Contribution by Segments
Revenue Contribution by Segments HLP revenue contribution by segments (HK$mn) (1H23 RMB/HKD was -6.3% YoY) Revenue (HK$mn) 1H23: HK$5,237mn vs 1H22: -1% / +5% (excl. property sales) 6,000 vs 1H21 : +5% 5,000 1H23 Mainland Rental: RMB3,138mn / HK$3,554mn 4,000 Accounts for 68% of total rental in RMB:
Slide 7: Mainland China Rental Revenue
Mainland China Rental Revenue HLP Mainland China overall rental revenue (RMB mn) and YoY change (%) YoY change Rental revenue (%) (RMB mn) 1H23: RMB3,138mn +13% vs 1H22 3,500 35% +14% vs 1H21 2% 30% 3,000 1% 1% 2% 1% 18% 2% 18% 19% 25% 2,500 17% 20% 17% 20% 2% 2% 2,000 20% 20% 22% 15% 1,500 80% 10%
Slide 8: Mainland China Retail Rental Revenue
Mainland China Retail Rental Revenue HLP Mainland China retail rental revenue (RMB mn) and YoY change (%) YoY change Rental revenue (RMB mn) (%) 1H23: RMB2,496mn 40% 2,800 +13% vs 1H22 +12% vs 1H21 30% 2,300 20% 1,800 10% 1,300 800 0% 300 -10% 1H19 2H19 1H20 2H20 1H21 2H21 1H22 2H22 1H23 Mainland Re
Slide 9: Tenant Sales YoY Change in Mainland China Retail Portfolio (By category)
Tenant Sales YoY Change (%) in Mainland China Retail Portfolio (By category) YoY change Overall tenant sales Luxury malls Sub-luxury malls (in RMB terms) 1H23: 1H23: 1H23: 150% +42% vs 1H22 +42% vs 1H22 +36% vs 1H22 +20% vs 1H21 +22% vs 1H21 flat vs 1H21 120% 90% 60% 30% 0% -30% -60% 1H19 2H19 1H20
Slide 10: Tenant Sales YoY Change in Mainland China Retail Portfolio (By geography)
Tenant Sales YoY Change (%) in Mainland China Retail Portfolio (By geography) YoY change (in RMB terms) Overall tenant sales Shanghai ex-Shanghai Outside Shanghai 1H23: 1H23: 1H23: 150% +42% vs 1H22 +64% vs 1H22 +23% vs 1H22 +20% vs 1H21 +4% vs 1H21 +47% vs 1H21 120% 90% 60% 30% 0% -30% -60% 1H19 2H
Slide 11: Mainland China Office Rental Revenue
Mainland China Office Rental Revenue HLP Mainland China office rental revenue (RMB mn) and YoY change (%) Rental revenue YoY change (RMB mn) (%) 650 1H23: RMB580mn 25% +6% vs 1H22 600 +23% vs 1H21 20% 550 15% 500 450 10% 400 5% 350 300 0% 1H19 2H19 1H20 2H20 1H21 2H21 1H22 2H22 1H23 Mainland Office
Slide 12: CRM: 1H2023 Highlights
CRM: 1H2023 Highlights House 66: hello: • Launched in 2019, spanning 10 Hang Lung projects in eight cities • Launched in 2021, the program offers bespoke shopping across Mainland China experiences to customers in Hong Kong Total members Member sales Total members Member sales (Launch to date) (Jan –
Slide 13: Hong Kong Rental Revenue
Hong Kong Rental Revenue HLP HK rental revenue (HK$mn) and YoY change (%) Rental revenue YoY change (HK$mn) (%) 2,400 15% 1H23: HK$1,683mn 2,000 +4% vs 1H22 10% 8% 8% 8% flat vs 1H21 5% 7% 7% 7% 1,600 7% 8% 7% 33% 0% 33% 33% 35% 35% 34% 33% 1,200 34% 33% -5% -10% 800 59% 59% 59% 60% -15% 58% 58% 59%
Slide 14: Key milestones on Sustainability in 1H2023
Key milestones on Sustainability in 1H2023 Mar 2023: Common Charter with LVMH Group May 2023: Partnership with CLEANCO2 ► LVMH Group and Hang Lung formulated a ► Launched a two-year strategic Common Charter, with 20 innovative actions to collaboration to apply innovations to pursue in 2023 to accele
Slide 15: ESG Highlights
ESG Highlights Sustainability Report 2022 Hang Lung Properties Limited 15
Slide 16: Key Milestones in 1H2023
Key Milestones in 1H2023 Published Sustainability Net-Zero Targets Report 2022 approved by Science Based Launched the Targets initiative Achieved the Common Charter (SBTi) WELL Health- with LVMH Group, Safety Rating for which outlines a set 19 properties of 20 innovative Announced a two- located in
Slide 17: Sustainability Achievements in 1H2023
Sustainability Achievements in 1H2023 ESG risk rating: 4-star performance rating since 2021 “Low” risk rating since 2020 A grade disclosure rating since 2018 “A” rating since 2021 ESG score: 60 >> 67 in 2022 ESG Rating: 3.4 “AA” rating since 2020 Became a participant of the Percentile ranking: 77 Co
Slide 18: Sustainability & ESG Awards
Sustainability & ESG Awards Excellence Award in ESG Reporting “Employer of the Year” and “Employee Health and Safety Distinction Award (Large-sized Organization Category) at the 2022 Best Annual Reports Awards by the (well-being) Award” at the Hong Kong HR Awards Special Award – Excellence in Pandem
Slide 19: ESG Thought Leadership
ESG Thought Leadership HKEX ESG Academy HKICPA Navigating Climate-related Disclosures CPA Congress “Getting Ready for Climate-related Disclosures” “Transitioning Hong Kong into an ESG and Green Finance Hub” July 13, 2023 July 15, 2023 From left to right: From left to right: Ms. Kelly Lee, Senior Vic
Slide 20: Board Engagement and Diversity
Board Engagement and Diversity Highly engaged (as of December 31, 2022) ▪ 6 regular Board meetings/year (97% attendance) ▪ 4 Audit Committee meetings/year (88% attendance) ▪ 4 meetings of Audit Committee members with external auditor without the presence of management Board diversity of Hang Lung Pr
Slide 21: A Clear Agenda for the Short, Medium and Long Term
A Clear Agenda for the Short, Medium and Long Term ▪ Set Strategic ESG ▪ Define concrete and ▪ Goals: Provide broad ▪ Reach net-zero value KPIs across the quantifiable measures principles governing our chain greenhouse gas Group tied to for all employees for the efforts emissions by no later departm
Slide 22: Commitment to SBTi Net-Zero Standard: Net Zero Emissions by 2050
Commitment to SBTi Net-Zero Standard: Net Zero Emissions by 2050 • First real estate company in Hong Kong and mainland China to receive approval from the Science Based Targets initiative (SBTi) for its near- and long-term company-wide emissions reduction targets in line with the SBTi Net-Zero Standa
Slide 23: 2030 Sustainability Goals and Targets
2030 Sustainability Goals and Targets • In December 2020, we announced our overarching ambition to become one of the most sustainable real estate companies in the world by 2030, supported by four goals and ten targets to achieve by 2030 CLIMATE RESOURCE SUSTAINABLE WELLBEING RESILIENCE MANAGEMENT TR
Slide 24: 25 x 25 Sustainability Targets
25 x 25 Sustainability Targets ▪ In December 2021, we announced our 25 x 25 Sustainability Targets. These elaborate on the 2030 goals and targets and provide quantifiable measures to achieve across the business over the next 2.5 years ▪ Targets are tied to compensation through departmental and indiv
Slide 25: 28 Strategic ESG KPIs for 2023
28 Strategic ESG KPIs for 2023 ▪ The strategic ESG KPIs cascade down to expectations for individual employees and are tied to the semiannual performance appraisal process Climate Resilience (7) Resource Management (6) Wellbeing (9) Sustainable Transactions (5) ▪ Scopes 1, 2 and 3 ▪ Reduce constructi
Slide 26: 2022 Performance Highlights
2022 Performance Highlights Environmental Social 38% 15% 39.5% reduction in GHG emissions reduction in water intensity vs 2018 baseline executive staff were women intensity (Scope 1 & 2) vs 2018 2025 Target: 10% 2023 KPI: 30% 2025 Target: 40% 2030 Target: 70% 56% Overall Female-to-male operational w
Slide 27: Scope 1 & 2 GHG Emissions
Scope 1 & 2 GHG Emissions 2022 Progress Achieved a 38.28% GHG emissions intensity reduction compared to our 2018 baseline. Further details on the factors contributing to the 38.28% reduction are as follows: ▪ 16.35% from energy efficiency and onsite renewable energy, ▪ 11.22% (5.81%) from grid decar
Slide 28: Scope 3 GHG Emissions
Scope 3 GHG Emissions 2022 Progress Breakdown of Carbon Emissions by Scope in 2022 ▪ Refined and enhanced our inventory calculation to develop a more comprehensive Scope 3 emissions disclosure ▪ Included finance- and investment-related emissions and employee commuting emissions in the accounting bou
Slide 29: Collaboration with CLEANCO2
Collaboration with CLEANCO2 ▪ In May 2023, we announced a two-year collaboration with CLEANCO2, an innovative start-up company that has cooperated with the State Key Laboratory of Clean Energy Utilization (CEU) of Zhejiang University on CO2 mineralization ▪ To reduce embodied carbon at Westlake 66,
Slide 30: Partnerships with Universities on Sustainability
Partnerships with Universities on Sustainability Tsinghua University Zhejiang University (direct collaboration) (indirect collaboration) ▪ Collaboration with Hang Lung Center for Real Estate at Tsinghua University ▪ Collaboration with CLEANCO2, an innovative start-up company with ▪ Deepening of coop
Slide 31: Sustainability Partnership with LVMH
Sustainability Partnership with LVMH “This partnership will be a model around the world” - Hélène Valade, LVMH Group Environment Development Director Oct 25, 2022 Nov 24-25, 2022 Mar 30, 2023 Partnership Real Estate & Climate Common Charter announcement in Paris Forum announcement ▪ October 2022: La
Slide 32: Common Charter with LVMH (launched in March 2023)
Common Charter with LVMH (launched in March 2023) Summary of 20 actions Climate Resilience Resource Management People and Wellbeing Sustainability Governance Hang Lung Properties Limited 32
Slide 33: Climate Adaptation Roadmap to 2050
Climate Adaptation Roadmap to 2050 2023: Grand Gateway 66, Forum 66 (include SY3), Heartland 66, Spring City 66 2024: Palace 66, Parc 66, Olympia 66 2022 Progress Plans ▪ Conducted climate hazard and vulnerability ▪ Conduct the assessment for other mainland China and assessment and adaptation strate
Slide 34: Renewable Energy Generation and Procurement
Renewable Energy Generation and Procurement On-site renewable energy Solar panels Hong Kong ▪ Installed solar panels at Amoy Plaza which generates 18,000 kWh of renewable energy in 2022 (joined the Feed-in Tariff scheme) Mainland China ▪ Solar panels Installed at eight properties which generate over
Slide 35: EV Charging Progress
EV Charging Progress Hong Kong ▪ Expand the coverage of electric vehicle (EV) charging stations in prime locations in Hong Kong Island and Kowloon Mainland China ▪ Grand Gateway 66, Shanghai and Spring City 66, Kunming: over 5% of parking spaces include EV charging facilities ▪ For new buildings, 10
Slide 36: Case Study: Westlake 66, Hangzhou
Case Study: Westlake 66, Hangzhou Notable sustainability features ➢ Closed-loop ground source heat pump system. Installed for the hotel building ➢ Net-zero energy pilot project. Explored feasibility and completed a net-zero energy demonstration project application with the municipality in Hangzhou f
Slide 37: Electricity Intensity Reduction
Electricity Intensity Reduction Electricity intensity reduction from 2018-2022 Case study: High Efficiency Heat Pump Installation at Conrad Shenyang at Forum 66 Key internal measures Retro- Use of passive AI Pilot Commissioning radiative cooling paint Use of AI diagnosis Since the system’s deploymen
Slide 38: Green Building Certifications
Green Building Certifications Pre-certifications ~80% construction floor Hangzhou – Westlake 66 area certified to LEED / BEAM Plus Gold or above ▪ LEED Platinum: Office Tower 1 & 2 ▪ LEED Gold: Shopping Mall, Tower 3, 4 & 5, Hotel Received 40 green building certifications or pre-certifications ▪ CGB
Slide 39: Plaza 66 Achieved Top Ratings in Global Sustainable Building Certifications
Case study: Plaza 66 Achieved Top Ratings in Global Sustainable Building Certifications Plaza 66 in Shanghai achieved Platinum ratings for LEED (LEED V4 O+M: EB) and WELL (WELL V2 Core) certifications in 2022. The recognition marks the first time a large-scale commercial office complex in mainland C
Slide 40: Wellness Certifications
Wellness Certifications ▪ Nearly 64% of the total construction floor area (for both existing properties and projects under development) is certified with or has applied for WELL and WELL Health and Safety Rating ▪ Planning to expand WELL HSR coverage Certified Pre-certified ▪ WELL Platinum rating: P
Slide 41: Employee Wellbeing
Employee Wellbeing Employee Talent Attraction Learning & Development Engagement Average Survey Participation Rate training hours 24 hours per employee (vs 2021: 22 hours) ▪ Delivered 672 hours of ESG-specific training covering embodied carbon, nature-based solutions, water 98.6% “Employer of the Yea
Slide 42: Employee Wellbeing
Employee Wellbeing Diversity & Inclusion Employee Wellbeing Health & Safety ▪ Established a Wellness@HL ▪ Established a Health and Safety Overall ratio of basic 1:0.978 Program and Wellness Fund in Subcommittee to share best salary of women to men (2025 Target: 1:1) 2022 to support staff wellbeing,
Slide 43: Community Investment
Community Investment Hang Lung Hang Lung Mathematics Awards (HLMA) Future Women Leaders Program ▪ Founded in 2004, the biennial ▪ A nationwide community investment project to unleash the potential of the next HLMA aims to empower secondary generation of women school students in Hong Kong to ▪ 75% of
Slide 44: Community Investment
Community Investment The Hang Lung Scholarship and Hang Lung x HKYWCA Development Donation for the “Love·No·Limit” Hang Lung Visually Impaired Dementia Friendly Program As One volunteer teams ▪ Partnered with the Ebenezer School & ▪ A three-year scheme to offer support ▪ Over 1,500 active volunteers
Slide 45: Community Investment
Community Community Investment Investment Chair Mr. Ronnie Chan awarded the Grand Chair Mr. Ronnie Chan awarded the 2018 Dwight Bauhinia Medal (GBM), the highest honor D. Eisenhower Global Leadership Award bestowed, by the Government of the Hong Kong by the Business Council for International Underst
Slide 46: Community Investment
Community Community Investment Investment Rebuilding of Jianfu Palace Garden & Hang Lung Center for Real Estate, The Hall of Rectitude Complex in Beijing Tsinghua University, Beijing • Projects funded by the China Heritage Fund, a non-profit • The Hang Lung Center for Real Estate serves as an organi
Slide 47: Chan Family's Philanthropy
Chan Family’s Philanthropy Harvard T.H. Chan School of Public Health University of Southern California • The Morningside Foundation, founded by Chair Mr. Ronnie • Chair Mr. Ronnie Chan and his wife Chan and Non-Executive Director of Hang Lung Group Mrs. Barbara Chan made a USD20 Dr. Gerald Chan, mad
Slide 48: Sustainable Finance
Sustainable Finance Sustainable finance reached 49% of Sustainable Finance HLP’s total debts and available facilities in 1H2023 ▪ Arranged Sustainable finance amounting to 50% 49% HK$31.7 billion as at June 30, 2023 45% 46% 40% ▪ Accounted for 49% of total debts & available 35% 33% 30% facilities (a
Slide 49: CRM Highlights
CRM Highlights Hang Lung Properties Limited 49
Slide 50: Experience Exclusiveness Engagement
EXPERIENCE EXCLUSIVENESS ENGAGEMENT Hang Lung Properties Limited 50
Slide 51: HOUSE – Build Hang Lung Branded Experience
HOUSE 66 – Build Hang Lung Branded Experience Spanning 10 Hang Lung projects in eight cities across Mainland China EXPERIENCE EXCLUSIVENESS Exclusive Privilege Highlights • VIP lounge • Valet parking • Hands-free service • Personalized birthday parties • 3rd party partnership privileges with wine &
Slide 52: hello – Build Hang Lung Branded Experience
hello – Build Hang Lung Branded Experience Offering bespoke shopping experiences to customers in Hong Kong MEMBER ENGAGEMENT PROGRAM OFFERING • Launch of hello dollar in May • Weekly hello Thursday limited offers • Special sales promotions with key tenants • Exclusive tenant privileges • Tourist-foc
Slide 53: Mainland China Portfolio
Mainland China Portfolio Completed Investment Properties Projects Under Development Hang Lung Properties Limited 53
Slide 54: Luxury Malls in Shanghai
Luxury Malls in Shanghai Plaza 66 @ Shanghai Grand Gateway 66 @ Shanghai Tenant Sales (6 months ended June 30, 2023) 62% YoY 68% YoY Mall Occupancy (at June 30, 2023) 100% (same vs end-22) 98% (1% vs end-22) Note: end-22 refers to Dec 31, 2022 Hang Lung Properties Limited 54
Slide 55: Luxury Malls outside Shanghai
Luxury Malls outside Shanghai Center 66 @ Wuxi Olympia 66 @ Dalian Tenant Sales (6 months ended June 30, 2023) 24% YoY 26% YoY Mall Occupancy (at June 30, 2023) 99% (same vs end-22) 89% (same vs end-22) Note: end-22 refers to Dec 31, 2022 Hang Lung Properties Limited 55
Slide 56: Luxury Malls outside Shanghai
Luxury Malls outside Shanghai 100% Powered by Renewable Energy Spring City 66 @ Kunming Heartland 66 @ Wuhan Tenant Sales (6 months ended June 30, 2023) 8% YoY 25% YoY Mall Occupancy (at June 30, 2023) 97% (2% vs end-22) 81% (5% vs end-22) Note: end-22 refers to Dec 31, 2022 Hang Lung Properties
Slide 57: Luxury / Sub-luxury Malls outside Shanghai
Luxury / Sub-luxury Malls outside Shanghai Forum 66 @ Shenyang Palace 66 @ Shenyang Tenant Sales (6 months ended June 30, 2023) 16% YoY 40% YoY Mall Occupancy (at June 30, 2023) 84% (3% vs end-22) 86% (5% vs end-22) Note: end-22 refers to Dec 31, 2022 Hang Lung Properties Limited 57
Slide 58: Sub-luxury Malls Outside Shanghai
Sub-luxury Malls Outside Shanghai 100% Powered by Renewable Energy Parc 66 @ Jinan Riverside 66 @ Tianjin Tenant Sales (6 months ended June 30, 2023) 31% YoY 40% YoY Mall Occupancy (at June 30, 2023) 89% (1% vs end-22) 80% (same vs end-22) Note: end-22 refers to Dec 31, 2022 Hang Lung Properties
Slide 59: Mainland China Office Portfolio
Mainland China Office Portfolio Plaza 66 @ Shanghai Forum 66 @ Shenyang Office Occupancy (at June 30, 2023) 98% (2% vs end-22) 86% (5% vs end-22) Other Features - Conrad Shenyang Note: end-22 refers to Dec 31, 2022 Hang Lung Properties Limited 59
Slide 60: Mainland China Office Portfolio
Mainland China Office Portfolio 100% Powered by Renewable Energy Center 66 @ Wuxi Spring City 66 @ Kunming Heartland 66 @ Wuhan Office Occupancy (at June 30, 2023) 83% (2% vs end-22) 87% (1% vs end-22) 72% (1% vs end-22) Other Features: 1. HANGOUT (self-operated multifunctional ✓ ✓ workspace) (la
Slide 61: Mainland China Hotel Portfolio
Mainland China Hotel Portfolio Conrad Shenyang Grand Hyatt Kunming Curio Collection by Mandarin Oriental (at Forum 66) (at Spring City 66) Hilton Hangzhou (at Center 66) (at Westlake 66) 2019 2024 2024 2025 Opened targeted opening targeted opening targeted opening Note: The photographs, images, draw
Slide 62: Mainland China Residences Portfolio
Mainland China Residences Portfolio Heartland Residences Center Residences Grand Hyatt Residences Forum Residences @ Wuhan @ Wuxi Kunming @ Shenyang 3 towers offering more than 2 towers with ~600 units Sits above the Grand Hyatt Comprises part of the Forum 490 units Kunming hotel, featuring 254 66 d
Slide 63: Mainland China Projects Under Development
Mainland China Projects Under Development Heartland 66 Spring City 66 Center 66 Westlake 66 Forum 66 @ Wuhan @ Kunming @ Wuxi @ Hangzhou @ Shenyang Location Jinghan Avenue, Dongfeng Dong Road, Renmin Zhong Road & Bai Jing Fang, Qingnian Street, Qiaokou District Panlong District Jiankang Road, Liangx
Slide 64: Hong Kong Portfolio
Hong Kong Portfolio Hang Lung Properties Limited 64
Slide 65: Hong Kong Rental Performance
Hong Kong Rental Performance Hong Kong Rental Revenue (HK$mn) Hong Kong Occupancy Rate (%) Maintained at satisfactory level Rental rev 1H2023: (HK$mn) Occupancy HK$1,683mn Rate (%) 2,000 120% Resi.&S.A.: Resi.&S.A.: 100% 97% 1,600 7% of total 7% of total 88% 80% 1,200 Office: Office: 66% 34% of tota
Slide 66: Hong Kong Investment Properties
Hong Kong Investment Properties Central Portfolio Peak Galleria • Comprising 4 office buildings with a diversified tenant profile • A tourist landmark, with pet-friendly • Form a thriving fine-dining hub in Central features to attract local pet lovers Standard Chartered Bank Building 1 Duddell Stree
Slide 67: Hong Kong Investment Properties
Hong Kong Investment Properties Causeway Bay Portfolio Kornhill Plaza / Kornhill Apartments • An elite shopping destination featuring numerous internationally renowned fashion, beauty, and lifestyle brands • A community mall in Quarry Bay offering the largest Japanese department store in HK Fashion
Slide 68: Hong Kong Investment Properties
Hong Kong Investment Properties Mongkok Portfolio Amoy Plaza • Continued to solidify the area’s position as the place “Where Trends Meet” • A one-stop community hub in Kowloon East Gala Place Grand Plaza Hang LungRetail 68 Properties Limited Office
Slide 69: Hong Kong Investment Properties: Electric Road @ North Point
Hong Kong Investment Properties 228 Electric Road @ North Point ► Completed in 1H 2023 ► Jointly developed with Hang Lung Group Limited ► Grade A office tower / Retail area on podium floors ► 20 office floors + 3 retail floors ► 105,000 sq ft Gross Floor Area ► Green Building Certifications: Scan to
Slide 70: Hong Kong Residential Properties at Prime Locations
Hong Kong Residential Properties at Prime Locations For Sale No. of As of June 30, 2023 unsold units Remarks Total 126 units were pre-sold, The Aperture Revenue is expected to be (under development) 168 recognized in 2024 upon sale completion 23-39 Blue Pool 10 Road Shouson Hill Road Redevelopment (
Slide 71: Hong Kong Residential Properties: The Aperture
Hong Kong Residential Properties The Aperture @ Kowloon Bay ► 294 residential units ► 126 pre-sold units at June 30, 2023 ► 2024 targeted completion ► Green Building Certification: Taken in June 2023 Scan to view the website Note: The photographs, images, drawings or sketches shown in this section r
Slide 72: Hong Kong Residential Properties: 23-39 Blue Pool Road
Hong Kong Residential Properties 23-39 Blue Pool Road @ Happy Valley ► 10 completed semi-detached houses available for sale as at June 30, 2023 ► 4,571 – 4,599 sq ft saleable area per unit ► Project Details: Private 3 floors plus 5 luxury elevator and roof floor en-suites Scan to view garage the web
Slide 73: Hong Kong Residential Properties (Investment Properties)
Hong Kong Residential Properties (Investment Properties) Burnside Villa The Summit ► Location: Southern District ► Location: Mid-Levels ► Total no. of units: 56 units ► Total no. of units: 54 duplex suites ► Scheduled for renovation Hang Lung Properties Limited 73
Slide 74: Appendix
Appendix Hang Lung Properties Limited 74
Slide 75: HLP - Mainland China Rental Revenue Breakdown
HLP - Mainland China Rental Revenue Breakdown 6 months ended June 30, 2023 Rental Revenue (YoY change) Rental Revenue (RMB Million) Name of project City Mall Office Hotel Total Grand Gateway Plaza 66 mall 66 mall Luxury malls +23% YoY +11% YoY Plaza 66 Shanghai 891 335 - 1,226 Grand Gateway 66 Shang
Slide 76: Hang Lung Properties – Financial Highlights
Hang Lung Properties – Financial Highlights 1-6/2023 1-6/2022 Property Property Property Property Total Leasing Sales Total (HK$M) Leasing Sales Revenue 5,237 - 5,237 4,986 316 5,302 - Mainland China 3,554 - 3,554 3,367 - 3,367 - Hong Kong 1,683 - 1,683 1,619 316 1,935 Operating Profit / (Loss) 3,85
Slide 77: Hang Lung Properties – Financial Position
Hang Lung Properties – Financial Position 30/6/2023 31/12/2022 HK$M HK$M Investment Properties 166,826 167,861 - Mainland China 104,858 107,934 - Hong Kong 61,968 59,927 Investment Properties under development 21,494 22,703 Properties for sale 12,189 11,668 • As of June 30, 2023, total cash Cash and
Slide 78: Hang Lung Group – Financial Highlights
Hang Lung Group – Financial Highlights 1-6/2023 1-6/2022 Property Property Property Property Total Leasing Sales Total (HK$M) Leasing Sales Revenue 5,523 2 5,525 5,289 316 5,605 - Mainland China 3,775 - 3,775 3,607 - 3,607 - Hong Kong 1,748 2 1,750 1,682 316 1,998 3,92 Operating Profit / (Loss) 4,06
Slide 79: Hang Lung Group – Financial Position
Hang Lung Group – Financial Position 30/6/2023 31/12/2022 HK$M HK$M Investment Properties 175,149 176,381 - Mainland China 111,373 114,648 - Hong Kong 63,776 61,733 Investment Properties under development 21,494 22,703 Properties for sale 12,210 11,689 • As of June 30, 2023, total cash Cash and bank
Slide 80: Investment Property Portfolio: HLG
Investment Property Portfolio: HLG Note: Properties held via HLP are excluded from this session 9 Wing Hong Street Luen Cheong Can Centre Cheung Sha Wan, HK Tuen Mun, HK ► Office ► Office 228 Electric Road Citygate North Point, HK Tung Chung, HK (Jointly developed with HLP) (HLG’s shareholding: 26.6
Slide 81: Grand Gateway 66, Above Xujiahui Subway Station, Puxi, Shanghai
Grand Gateway 66, Above Xujiahui Subway Station, Puxi, Shanghai Rental Revenue Occupancy (6 months ended June 30, 2023) (at June 30, 2023) Office Tower I RMB121M 85% -3% YoY Residential & RMB74M 89% Serviced Apartments Flat YoY Mall (held via HLP) RMB613M 98% +11% YoY Hang Lung Properties Limited 81
Slide 82: Thank You
Thank You Disclaimer 1. All information and data are provided for information purposes only. All opinions included herein are based on information available as of the date hereof and are subject to change without notice. There is no guarantee, representation or warranty provided for accuracy, timeli