Slide 1: 1HFY2023 Interim Presentation – Media Session
1HFY2023 INTERIM PRESENTATION MEDIA SESSION 23 February 2023 0
Slide 2: 1HFY23 Financial Summary
SUMMARY FINANCIALS 1HFY23 FINANCIAL SUMMARY Continued Covid-19 disruptions hindered 1HFY23 financial performance Net profit attributable to Revenue Underlying profit shareholders HK$40,193M HK$1,209M HK$3,360M +13% YoY -15% YoY -14% YoY Capital resources Net gearing ratio Interim dividend HK$92 BN 4
Slide 3: Key Highlights in 1HFY23
KEY HIGHLIGHTS IN 1HFY23 SOLID DP AND K11 RESULTS AMIDST CHALLENGING ENVIRONMENT NON-CORE DISPOSALS ON TRACK OF FULL YEAR TARGET 1HFY23 financial highlights Strong HK DP performance driven by Pavilia Resilient Mainland China contracted Farm I booking sales with strong presence in 1st tier cities R
Slide 4: Positive Outlook in 2023: NWD a Key Beneficiary of Improving Environment
POSITIVE OUTLOOK IN 2023 NWD A KEY BENEFICIARY OF IMPROVING OPERATING ENVIRONMENT IN HK & MAINLAND CHINA Despite the headwinds in 1HFY23, we are seeing positive catalysts going forward 2019 2020-2022 2023 and beyond Social unrest Covid-19 Full relaxation of covid restrictions and full border reopeni
Slide 5: HK: Significant Increase in Mainland Chinese Visitors from Border Reopening
POSITIVE OUTLOOK IN 2023 HK: SIGNIFICANT INCREASE IN MAINLAND CHINESE VISITORS (MCV) FROM BORDER REOPENING BENEFITED OUR BUs Full border reopening Management alpha Since full border reopening (from 6 Feb 23), Differentiated Brand Good Strong no. of daily average MCV was 18X of Dec 22 daily average v
Slide 6: K11 MUSEA: Substantial Mall Sales Growth Since Border Reopening
POSITIVE OUTLOOK – K11 MUSEA K11 MUSEA: ACHIEVED SUBSTANTIAL MALL SALES GROWTH SINCE BORDER REOPENING 2019 2020-2022 2023 and beyond Social unrest Covid-19 Full relaxation of covid restrictions and full border reopening K11 MUSEA opened in Aug 19 The first cultural and art shopping landmark in Hong
Slide 7: 11 SKIES: New Tourism Destination at the Heart of GBA
POSITIVE OUTLOOK – 11 SKIES 11 SKIES: NEW TOURISM DESTINATION AT THE HEART OF GBA WILL LARGELY BENEFIT FROM BORDER REOPENING WITH MAINLAND CHINA 2019 2020-2022 2023 and beyond Social unrest Covid-19 Full relaxation of covid restrictions and full border reopening Acquired development 11 SKIES started
Slide 8: Financial & Capital Management
FINANCIAL & CAPITAL MANAGEMENT 7
Slide 9: Non-Core Disposals
FINANCIAL & CAPITAL MANAGEMENT NON-CORE DISPOSALS Non-core disposals to optimize portfolio mix and enhance return Non-core disposals Budget 18.0 Actual 13.9 ~15 ~10 14.0 1HFY23 9.0 actual: 5.6 FY21A FY22A FY23E FY24E Non-core disposals criteria Non-core assets disposed of Total consideration in 1HFY
Slide 10: Corporate Actions: Explore Strategic Options to Unlock Value
CORPORATE ACTIONS EXPLORE STRATEGIC OPTIONS FOR VARIOUS BUSINESSES TO UNLOCK VALUE AND MAXIMIZE SHAREHOLDER RETURN Healthcare Actively exploring strategic options for various businesses Property Management development services in order to: • Unlock value of individual business units NW Sharpen respe
Slide 11: Development Properties
DEVELOPMENT PROPERTIES 10
Slide 12: Balanced Portfolio in HK & Mainland China
DEVELOPMENT PROPERTIES BALANCED PORTFOLIO IN HK & MAINLAND CHINA PARTIALLY REMEDIED OVERALL DP PERFORMANCE Revenue by Region Revenue increase 11,278 +21% YoY 9,347 767 5,542 Major booking in 1HFY23 • HK: The Pavilia Farm I 8,580 5,736 (The Pavilia Farm II booking in 2HFY23) 1HFY22 1HFY23 • Mainland
Slide 13: Resilient Contracted Sales Benefiting from 1st Tier Cities Strategy
DEVELOPMENT PROPERTIES RESILIENT CONTRACTED SALES BENEFITING FROM 1ST TIER CITIES FOCUSED STRATEGY Total contracted sales in HK & Mainland China (HK$ BN) Focus mainly on 1st tier cities with strong ~35-40 fundamental demand ~30 Conservative outlook for HK notwithstanding potential turnaround from bo
Slide 14: Mainland China: Strong Contracted Sales Amidst Weak Market Sentiment
DEVELOPMENT PROPERTIES – MAINLAND CHINA MAINLAND CHINA: STRONG CONTRACTED SALES AMIDST WEAK PROPERTY MARKET SENTIMENT Robust performance driven by higher presence in 1st tier cities of GBA and YRD 1HFY23 contracted sales Case studies Hangzhou project >60% of FY23 full year RMB11 BN * RMB target 2HFY
Slide 15: Mainland China: Positive 2023 Outlook with Favorable Policies
DEVELOPMENT PROPERTIES – MAINLAND CHINA MAINLAND CHINA: POSITIVE 2023 OUTLOOK WITH FAVORABLE POLICIES TO BOOST ECONOMY AND IMPROVE MARKET SENTIMENT Effect Key favorable policies Positive impact Economic growth and consumer spending to accelerate Ended covid zero in Dec 22 (Forecasted China 2023 GDP
Slide 16: Mainland China: Saleable Resources of RMB55 BN+ from GBA & YRD
DEVELOPMENT PROPERTIES – MAINLAND CHINA MAINLAND CHINA: ABUNDANT SALEABLE RESOURCES OF RMB55 BN+ FROM GBA & YRD IN 2HFY23 & BEYOND Key GBA projects Key YRD projects Guangzhou Hanxi Hangzhou project RMB2.9bn RMB11bn 2HFY23 Remaining saleable resources Saleable resources Pre-sale (commercial portion)
Slide 17: Hong Kong: Pipeline of 1.4M+ sqft Attributable GFA
DEVELOPMENT PROPERTIES – HK HONG KONG: ABUNDANT PIPELINE OF 1.4M+ SQFT ATTRIBUTABLE GFA LAUNCHING IN 2HFY23 & FY24 Key project launches in 2HFY2023 Key new project launches in FY2024 Residential projects Residential projects Kai Tak 6574 Pre-selling State Theatre Project Exp. 23Q4 Pre-sale consent E
Slide 18: Thank You
Mae rea sa New World Development Company Limited Aft THANK YOU
Slide 19: Disclaimer
DISCLAIMER Important notice The information contained in these materials is intended for reference and general information purposes only. Neither the information nor any opinion contained in these materials constitutes an offer or advice, or a solicitation, inducement, invitation, recommendation or