Slide 1: 2022 Annual Results Presentation
Heartland 66, Wuhan 2022 Annual Results Presentation Jan 2023
Slide 2: Contents
Contents FY2022 Annual Results Highlights P.3 ESG Highlights P.13 Mainland China Portfolio P.42 • Mall P.43 • Office P.50 • Residences P.52 • Hotel P.53 Mainland China Projects Under Development P.54 Hong Kong Portfolio P.55 • Residential Properties P.61 Appendix P.65 • HLP – Financial Highlights an
Slide 3: FY2022 Annual Results Highlights
FY2022 Annual Results Highlights Hang Lung Properties (101.HK) Hang Lung Group (10.HK) Total Revenue Underlying Profit Total Revenue Underlying Profit HK$10,347M HK$4,199M HK$10,941M HK$3,002M Flat YoY -4% YoY Flat YoY Flat YoY Rental HK$10,031M -3% YoY Rental HK$4,135M -7% YoY Rental HK$10,625M -3%
Slide 4: Revenue Contribution by Segments
Revenue Contribution by Segments HLP semiannual revenue contribution by segments (HK$mn) (FY22 RMB/HKD: -3% YoY, of which 1H22 was +1% YoY, whereas 2H22 was -7% YoY) Revenue (HK$mn) 2H22 total rental 6,000 revenue: +1% HoH 5,000 Mainland Rental: FY22 +1% YoY to RMB5,790mn 4,000 (-3% YoY to HK$6,752m
Slide 5: Mainland China Rental Revenue
Mainland China Rental Revenue HLP Mainland China overall rental revenue (RMB mn) and YoY change (%) Rental revenue (RMB mn) YoY change (%) 2H22: 3,500 35% +8% HoH 3,000 1% 30% 1% of total 2% 1% 2% 18% 20% 19% of total 25% 2,500 17% 17% 2% 2% 20% 2,000 20% 20% 22% 15% 1,500 10% 1,000 78% 78% 78% 81%
Slide 6: Mainland China Retail Rental Revenue
Mainland China Retail Rental Revenue HLP Mainland China retail rental revenue (RMB mn) and YoY change (%) YoY change Rental revenue (%) (RMB mn) 40% 2,800 2H22: +8% HoH 30% 2,300 20% 1,800 10% 1,300 800 FY22: 0% -1% YoY 2H22: -1% YoY 300 -10% 1H19 2H19 1H20 2H20 1H21 2H21 1H22 2H22 Mainland Retail r
Slide 7: Mainland China Office Rental Revenue
Mainland China Office Rental Revenue HLP Mainland China office rental revenue (RMB mn) and YoY change (%) Rental revenue YoY change (RMB mn) (%) 2H22: 600 25% +3% HoH 550 20% 500 15% 450 10% 400 FY22: +11% YoY 5% 2H22: +7% YoY 350 300 0% 1H19 2H19 1H20 2H20 1H21 2H21 1H22 2H22 Mainland Office rental
Slide 8: Hong Kong Rental Revenue
Hong Kong Rental Revenue HLP HK rental revenue (HK$mn) and YoY change (%) Rental revenue YoY change (HK$mn) (%) 2,400 10% 2H22: 5% 2,000 8% 8% 8% +3% HoH 7% FY22: 0% -3% YoY 7% 1,600 7% 7% 2H22: -2% YoY 33% 33% 33% 8% of total -5% 35% 35% 34% 34% 1,200 33% of total -10% 800 59% 59% 58% 59% 59% -15%
Slide 9: Financial Management
Financial Management Key Financial Metrics Debt Portfolio as of Dec 31, 2022 28% in RMB 3.5% Average borrowing cost (FY21: 3.7%) Sustainable Finance HK$45.5bn 46% Total borrowings of total debts and available facilities 28.1% 3.2 years (end-FY21: 30%) Net gearing ratio Average debt maturity (end-FY2
Slide 10: First-of-its-kind Sustainability Partnership with LVMH
First-of-its-kind Sustainability Partnership with LVMH ❑ Signed a three-year partnership in October 2022 to collaborate with LVMH on sustainability initiatives across our mainland China properties ❑ The partnership is a first of its kind globally ❑ 1st milestone of the collaboration: Two-day hybrid
Slide 11: Key Milestones on Sustainability in 2022
Key Milestones on Sustainability in 2022 Parc 66 @ Jinan • Became the second Hang Lung property to procure • We launched the inaugural edition of Hang Lung 100% renewable energy, after Spring City 66 since 2021 Future Women Leaders Program in Hong Kong and Shanghai to engage elite women from diverse
Slide 12: Launching Pipeline in FY2023
Launching Pipeline in FY2023 Scheduled Period Project Location Unsold no. of units / GFA for Booking 23-39 Blue Pool Road Hong Kong 10 unsold Upon completion of sale The Aperture Hong Kong 168 units FY2023+ Heartland Residences Wuhan GFA: 130,500 sqm FY2023+ Center Residences Wuxi GFA: 98,700 sqm FY
Slide 13: ESG Highlights
ESG Highlights Sustainability Report 2021 • December Parc 66 in Jinan became the second Hang Lung property to procure 100% renewable energy. It is now (from • September We launched the inaugural edition of January 2023) the first commercial development in Jinan and Hang Lung Future Women Leaders Pro
Slide 14: Achievements on Sustainability in 2022
Achievements on Sustainability in 2022 ESG risk rating: 4-star performance rating Low risk since 2021 A grade disclosure rating since 2018 “A” rating in 2022 ESG Rating: 3.4 S&P Global ESG score 60 >> 66 “AA” rating in 2021-2022 Became a participant of the Percentile ranking: 72 Dow Jones Sustainabi
Slide 15: 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 16: Partnerships with Tenants
Partnerships with Tenants Tenant Partnership Key Achievements in 2022 • Updated Tenant Handbook and Fit-out Guides to incorporate more sustainability provisions and roll out to office and retail tenants in mainland China and Hong Kong • Hang Lung & LVMH launched a new model of partnership • October
Slide 17: 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 18: Commitment to SBTi Net-Zero Standard
Commitment to SBTi Net-Zero Standard • First real estate company in Hong Kong and mainland China to receive approval from the Science Based Target initiative (SBTi) for its near- and long-term company-wide emissions reduction targets in line with the SBTi Net-Zero Standard Scope 1 & 2 GHG Emissions
Slide 19: 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 20: 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 TRAN
Slide 21: 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 four years • Targets are tied to compensation through departmental and indi
Slide 22: Strategic ESG KPIs for 2023
28 Strategic ESG KPIs for 2023 Climate Resilience (7) Resource Management (6) Wellbeing (9) Sustainable Transactions (5) • Scopes 1, 2 and 3 • Reduce construction • Employee • Digital platform for GHG emissions waste engagement assessing suppliers on reductions • Increase recycled, reused • Diversit
Slide 23: Climate Resilience: Scope 1 & 2 GHG Emissions
Climate Resilience: Scope 1 & 2 GHG Emissions Scope 1 & 2 emissions progress (tCO2e/m2): 2018-2030 Progress • All properties contribute to an annual Greenhouse Gas (GHG) Mitigation Plan • Achieved scope 1 & 2 GHG emissions intensity reduction of 28.9% in 2021 compared with 2018 baseline • Key factor
Slide 24: Climate Resilience: Scope 3 GHG Emissions
Climate Resilience: Scope 3 GHG Emissions Progress Scope 3 emissions breakdown in 2020 • Completed our first comprehensive inventory of Scope 3 emissions (for 2020) in 2021 • Developing 2023-2025 scope 3 reduction plan Our 2025 Scope 3 targets Source of 2025 2025 target Target How we plan to achieve
Slide 25: Climate Resilience: Renewable Energy
Climate Resilience: Renewable Energy Spring City 66 & Parc 66 are 100% Powered by Renewable Energy Spring City 66 • In Dec 2021, Spring City • Following Spring City 66, Parc 66 66 in Kunming is Hang Parc 66 in Jinan is Hang Lung’s first property to be Lung’s second property in 100% powered by mainla
Slide 26: Climate Resilience: Climate Adaptation
Climate Resilience: Climate Adaptation Progress • Physical climate risk assessments across our portfolio • Modelled the impact of potential changes to key climate hazards under various climate scenarios for the periods 2030-2050 and 2050- 2070 Key Findings Significant rainfall Extreme heat Flooding
Slide 27: Resource Management
Resource Management Category Key Achievements in 2021 Key Initiatives for 2022 Reduction Targets for 2025 • Our electricity intensity in • Retro-commissioning at multiple • 18% cumulative reduction Energy 2021 was 10.7% below our properties in electricity intensity (kWh/ 2018 baseline • Installed wa
Slide 28: Resource Management: Electricity Intensity Reduction
Resource Management: Electricity Intensity Reduction Electricity intensity reduction from 2018-2021 Case study: Olympia 66’s reduction in electricity intensity Key internal measures In 2021, Olympia 66 achieved a 24% electricity intensity reduction by adjusting equipment setting, shutting down unnec
Slide 29: Resource Management: Green Building Certifications
Resource Management: Green Building Certifications Projects under development ~80% construction floor Hangzhou area with green building certifications • LEED Platinum: Westlake 66 Office Tower 1 & 2 • LEED Gold: Westlake 66 Received 40 green building certifications Shopping Mall, Tower 3, 4 & 5, or
Slide 30: Resource Management: Waste and Circularity
Resource Management: Waste and Circularity • Started a project in Heartland 66, Wuhan in partnership with an environmental protection partner, Feimayi, to collect and donate old clothes from customers to those in need. Replicated the project at nine other mainland China properties and collected 5,00
Slide 31: Wellbeing: Employee Wellbeing
Wellbeing: Employee Wellbeing Engagement Diversity & Inclusion • Over 90% of employees pledged to Hang Lung Sustainability Charter • "Hang Lung Future Women Leaders • Conducted 2nd Employee Program“ in Hong Kong and Shanghai to Engagement Survey in 2022 with Empower Young Female Talent in 98.6% over
Slide 32: Wellbeing: Wellness Certifications
Wellbeing: Wellness Certifications Nearly 64% of the total construction floor area (37 million sq ft) certified or applied for WELL and WELL Health and Safety Rating Certified Pre-certified • WELL Platinum rating: Plaza 66 in Shanghai • WELL Gold rating: 228 Electric Road • WELL HSR: all Mainland ma
Slide 33: Wellbeing: Wellness Certifications
Wellbeing: Wellness Certifications Case Study: Plaza 66, Shanghai has achieved two Platinum ratings for LEED and WELL First large-scale commercial office complex in Mainland China to receive both Platinum ratings for LEED (LEED V4 O+M: EB) and WELL (WELL V2 Core) certifications during its operation
Slide 34: Wellbeing: Response to COVID-19
Wellbeing: Response to COVID-19 Employees Customers • Adopted flexible work arrangements as well as • Offered support, both financially and non-financially, during the reporting and self-quarantine protocol from early business restrictions caused by COVID-19 2020 • Sanitized and disinfected our prop
Slide 35: Wellbeing: Response to COVID-19 (Cont'd)
Wellbeing: Response to COVID-19 (Cont’d) Hang Lung COVID-19 Relief Fund 2.0 Hong Kong Mainland • In Feb 2022, we made our second donation valued HK$10 million under the “Hang • Announced a further injection of Lung COVID-19 Relief Fund 2.0” to provide targeted support for urgent public RMB3 million
Slide 36: Wellbeing: Community Investment
Wellbeing: Community Investment Hang Lung x HKYWCA Hang Lung Mathematics Awards “Love·No·Limit” Hang Lung (HLMA) Dementia Friendly Program As One volunteer teams • Founded in 2004, the biennial HLMA • A three-year program starting from 2021 • Over 1,500 active volunteers aims to empower secondary sc
Slide 37: Community Investment
Community 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 Understanding Special Admini
Slide 38: Community Investment
Community 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 organization created by Cha
Slide 39: 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 40: Sustainable Transactions: Sustainable Finance
Sustainable Transactions: Sustainable Finance ➢ Arranged Sustainable finance amounting to Update of Green Finance Framework HK$31.1billion as at December 31, 2022 • Developed the Hang Lung Group Sustainable Finance Framework (the “SFF”) in December ➢ Accounted for 46% of total debts & available 2022
Slide 41: Sustainable Transactions: Collaboration with Suppliers
Sustainable Transactions: Collaboration with Suppliers Supplier Collaboration Key Achievements in 2021 and 2022 • For operations, developed a sustainable procurement strategy and strengthened the ESG features of our Operating Manual and Procedures • For projects under development, we defined 16 idea
Slide 42: Mainland China Portfolio
Mainland China Portfolio Hang Lung Properties Limited 42
Slide 43: Luxury Malls on the Mainland
100% Luxury Malls on the Mainland Powered by Renewable Energy Luxury malls Grand Gateway 66 Plaza 66 Forum 66 Center 66 Olympia 66 Spring City 66 Heartland 66 Puxi, Puxi, Shenhe District, Liangxi District, Xigang District, Panlong District, Qiaokou District, Shanghai Shanghai Shenyang Wuxi Dalian Ku
Slide 44: Sub-luxury Malls on the Mainland
Sub-luxury Malls on the Mainland 100% Powered by Renewable Energy Sub-luxury malls Palace 66 Parc 66 Riverside 66 Shenhe District, Shenyang Lixia District, Jinan Heping District, Tianjin Completion Year 2010 2011 2014 Total rental revenue for the year ended Dec 31, 2022 By usage Mall RMB161M RMB304M
Slide 45: Luxury Malls in Shanghai
Luxury Malls in Shanghai • 1H2022: Shanghai’s lockdown and resulting business suspension in April and May • 2H2022: Marketing initiatives to boost consumption sentiment, including “Home to Luxury” party in November Plaza 66 ➢ “Home to Luxury” brands including : @ Shanghai 24% YoY Tenant Sales 1-12/
Slide 46: New Luxury Malls outside Shanghai
New Luxury Malls outside Shanghai Heartland 66 @ Wuhan • 2H22: Partial closure of the mall in October and November due to tightened countermeasures Tenant Sales 1-12/2022 Selected key brands opened in 2022 158% YoY Mall opened ➢ Selected luxury brands including : in Mar 2021 Hang Lung Properties Li
Slide 47: Luxury Malls outside Shanghai
Luxury Malls outside Shanghai Olympia 66 @ Dalian • Successful transformation into luxury-led mall during the year Tenant Sales 1-12/2022 Upcoming key brands 67% YoY ➢ Selected key brands opened in 2022: ➢ Selected luxury brands including: Hang Lung Properties Limited 47
Slide 48: Luxury Malls Outside Shanghai
Luxury Malls Outside Shanghai Center 66 ➢ Leader in luxury retail in Wuxi @ Wuxi ➢ Key brands opened in 2022: 1% YoY Tenant Sales 1-12/2022 Spring City 66 ➢ Key brands opened in 2022: @ Kunming 4% YoY Tenant Sales 1-12/2022 Forum 66 ➢ Key brands opened in 2022: @ Shenyang 18% YoY Hang Lung Proper
Slide 49: Sub-luxury Malls Outside Shanghai
Sub-luxury Malls Outside Shanghai Parc 66 ➢ Enhance the positioning of the mall with the opening @ Jinan of luxury tenants after AEI ➢ Key brands opened in 2022: 20% YoY Tenant Sales 1-12/2022 Palace 66 ➢ Key brands opened in 2022: @ Shenyang 24% YoY Tenant Sales 1-12/2022 Riverside 66 ➢ Key brand
Slide 50: Mainland China Office Portfolio
Mainland China Office Portfolio Plaza 66 @ Shanghai Forum 66 @ Shenyang Office Occupancy (at December 31, 2022) 96% (1% vs end-21) 91% (1% vs end-21) ➢ LVMH ➢ Bank of China Multinational Corporations ➢ Everbright Securities ➢ HSBC and Leading Domestic Companies ➢ Cushman & Wakefield ➢ Ford ➢ KPMG
Slide 51: Mainland China Office Portfolio
Mainland China Office Portfolio Center 66 @ Wuxi Spring City 66 @ Kunming Heartland 66 @ Wuhan 100% Powered by Renewable Energy Office Occupancy (at December 31, 2022) 85% (3% vs end-21) 88% (17% vs end-21) 73% (16% vs end-21) ➢ AIA ➢ Alibaba Group • CITIC-Prudential Insurance Multinational Corpo
Slide 52: Mainland China Residences Portfolio
Mainland China Residences Portfolio Heartland Residences Center Residences Grand Hyatt Residences Forum Residences @ Wuhan @ Wuxi Kunming @ Shenyang End 2023 onwards 2024 onwards 2024 onwards 2027 onwards targeted completion targeted completion targeted completion targeted completion ❑ 3 towers offe
Slide 53: Mainland China Hotel Portfolio
Mainland China Hotel Portfolio Conrad Shenyang Grand Hyatt Curio Collection by Mandarin Oriental (at Forum 66) Kunming Hilton Hangzhou (at Spring City 66) (at Center 66) (at Westlake 66) ❑ Opened in 2019 ❑ 2023 ❑ 2024 ❑ 2025 (targeted opening) (targeted opening) (targeted opening) *TheProperties Han
Slide 54: 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, Liangxi District
Slide 55: Hong Kong Portfolio
Hong Kong Portfolio Hang Lung Properties Limited 55
Slide 56: Hong Kong Rental Performance
Hong Kong Rental Performance Hong Kong Rental Revenue (HK$mn) Hong Kong Occupancy (%) Maintained at satisfactory level Rental rev FY2022: (HK$mn) HK$3,279mn 98% 100% 4,000 90% Resi.&S.A.: 80% Resi.&S.A.: 73% 3,000 7% of total 8% of total 60% Office: Office: 34% of total 33% of total 40% 2,000 20% 1,
Slide 57: Hong Kong Investment Properties
Hong Kong Investment Properties Central Portfolio Peak Galleria ▪ A tourist landmark, with pet-friendly features ▪ Comprising 4 office buildings with ▪ A fine-dining hub in Central is in to attract local pet lovers diversified tenant profile the making Standard Chartered Bank Building 1 Duddell Stre
Slide 58: Hong Kong Investment Properties
Hong Kong Investment Properties Kornhill Plaza / Causeway Bay Portfolio Kornhill Apartments ▪ An elite shopping destination featuring numerous internationally ▪ A community mall in Quarry Bay offering the renowned fashion, beauty, and lifestyle brands largest Japanese department store in HK Fashion
Slide 59: 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 59 Properties Limited Office
Slide 60: Hong Kong Investment Properties (Under Development)
Hong Kong Investment Properties (Under Development) 228 Electric Road* Redevelopment @ North Point ❑ Jointly developed with Hang Lung Group Limited ❑ Usage: Grade A office tower / Retail area on podium floors ❑ Total Gross Floor Area: 105,000 sq ft ❑ Expected Completion: 2023 ❑ Green Building Certif
Slide 61: Hong Kong Residential Properties at Prime Locations
Hong Kong Residential Properties at Prime Locations For Sale No. of As of December 31, 2022 unsold units Remarks Total 126 units were pre-sold, The Aperture Revenue is expected to be (under development) 168 recognized in 2023 upon completion 23-39 Blue Pool Profit for the sale of one house 10 was re
Slide 62: Hong Kong Residential Properties
Hong Kong Residential Properties Scan to view The Aperture the website @ Kowloon Bay ❑ Total no. of units: 294 residential units ❑ No. of pre-sold units: 126 units at Dec 31, 2022 ❑ Targeted Completion: 2023 ❑ Green Building Certification: BEAM Plus (New Building) Provisional Gold certification Take
Slide 63: Hong Kong Residential Properties
Hong Kong Residential Properties Scan to view 23-39 Blue Pool Road the website @ Happy Valley ❑ No. of completed units available for sale: 10 semi-detached houses at Dec 31, 2022 ❑ Green Building Certification: LEED for Homes – Gold Level ❑ Saleable Area per Unit: 4,571 – 4,599 sq ft ❑ Project Detai
Slide 64: Hong Kong Residential Properties (Investment Properties)
Hong Kong Residential Properties (Investment Properties) The Summit ❑ Location: Mid-Levels ❑ Total no. of units: 54 duplex suites Burnside Villa ❑ Location: Southern District ❑ Total no. of units: 56 units Hang Lung Properties Limited 64
Slide 65: Appendix
Appendix Hang Lung Properties Limited 65
Slide 66: Hang Lung Properties – Financial Highlights
Hang Lung Properties – Financial Highlights 1-12/2022 1-12/2021 Property Property Property Property Total Leasing Sales Total (HK$M) Leasing Sales Revenue 10,031 316 10,347 10,321 - 10,321 - Mainland China 6,752 - 6,752 6,939 - 6,939 - Hong Kong 3,279 316 3,595 3,382 - 3,382 Operating Profit / (Loss
Slide 67: Hang Lung Properties – Financial Position
Hang Lung Properties – Financial Position 31/12/2022 31/12/2021 HK$M HK$M Investment Properties 167,861 177,456 - Mainland China 107,934 117,649 - Hong Kong 59,927 59,807 Investment Properties under development 22,703 22,399 Properties for sale 11,668 10,790 • As of Dec 31, 2022, total cash and Cash
Slide 68: Investment Property Portfolio: HLP
Investment Property Portfolio: HLP Completed (M sq ft) GFA Hong Kong Portfolio 7M sq ft GFA by usage Geographical Split of Total GFA: 58M sq ft Mainland China Portfolio Shanghai Grand Gateway 66 37.3M sq ft 1.8 Retail (Exclude car parks) Office Plaza 66 2.9 51% Hong Kong 33% Shenyang Palace 66 2.0 F
Slide 69: Hang Lung Group – Financial Highlights
Hang Lung Group – Financial Highlights 1-12/2022 1-12/2021 Property Property Property Property Total Leasing Sales Total (HK$M) Leasing Sales Revenue 10,625 316 10,941 10,919 - 10,919 - Mainland China 7,218 - 7,218 7,402 - 7,402 - Hong Kong 3,407 316 3,723 3,517 - 3,517 Operating Profit / (Loss) 7,5
Slide 70: Hang Lung Group – Financial Position
Hang Lung Group – Financial Position 31/12/2022 31/12/2021 HK$M HK$M Investment Properties 176,381 186,582 - Mainland China 114,648 124,962 - Hong Kong 61,733 61,620 Investment Properties under development 22,703 22,399 Properties for sale 11,689 10,811 • As of Dec 31, 2022, total cash and Cash and
Slide 71: 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 Tai Hing Gardens Grand Gateway 66 Cheung Sha Wan, HK Tuen Mun, HK Tuen Mun, HK Puxi, Shanghai • Office Tower I & • Office • Office • Retail portion Serviced Apart
Slide 72: Grand Gateway 66, Above Xujiahui Subway Station, Puxi, Shanghai
Grand Gateway 66, Above Xujiahui Subway Station, Puxi, Shanghai Rental Revenue Occupancy Key tenants (Year ended Dec 31, 2022) (at Dec 31, 2022) Office Tower I RMB251M 97% 2% YoY Residential & RMB149M 90% Serviced Apartments 9% YoY Mall (held via HLP) RMB1,146M 99% 1% YoY Hang Lung Properties Lim
Slide 73: 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