Slide 1: Great Eagle Holdings Investor Presentation
此文件只提供英文版本 Great Eagle Holdings Investor Presentation Q1 2026 1
Slide 2: Key Financial Figures
Great Eagle Holdings Limited Financials Key Financial Figures 2
Slide 3: 2025 Annual Results – Core Earnings
Great Eagle Holdings Limited Financials 2025 Annual Results – Core Earnings 2025 2024 Change HK#039;000 HK#039;000 HK#039;000 % Revenue 350,325 350,325 Revenue from property sales 10,059,003 1,340,497 8,718,506 650.4% Rental Income 174,573 172,865 1,708 1.0% Hotel Income - Overseas and Mainland China 4,979,2
Slide 4: 2025 Annual Results – Core Earnings (Continued)
Great Eagle Holdings Limited Financials 2025 Annual Results – Core Earnings (Continued) * Based on attributable distribution income from Champion REIT and LHI in respect of the same financial period. 4 ^ Including hotel management fee income, master lessee surplus or shortfall and income from Ying’n
Slide 5: 2025 Annual Results – Core Earnings (Continued)
Great Eagle Holdings Limited Financials 2025 Annual Results – Core Earnings (Continued) 5
Slide 6: 2025 Annual Results – Breakdown of Income from Champion REIT
Great Eagle Holdings Limited Financials 2025 Annual Results – Breakdown of Income from Champion REIT 6
Slide 7: 2025 Annual Results – Breakdown of Income from LHI
Great Eagle Holdings Limited Financials 2025 Annual Results – Breakdown of Income from LHI 7
Slide 8: Analysis on change on core earnings
Great Eagle Holdings Limited Financials Analysis on change on core earnings 8
Slide 9: Discount to NAV
Great Eagle Holdings Limited Discount to NAV Financials 9
Slide 10: Financial position
Great Eagle Holdings Limited Financial position Financials (c) (A) Base on statutory financial positions (1) (2) ( 3 = 1 - 2) ( 4 = 2 / 1) ( 5 = 2 / 3) (6) (7) (8=6/7) Attributable Attributable Loan to Net Interest Interest (HK$ Million) Book Value Net Debt Net Equity Value Net Gearing EBITDA Expens
Slide 11: Valuation - Investment Properties
Great Eagle Holdings Limited Valuation - Investment Properties Financials Hong Kong investment properties Valuation Change from GFA (Sqft) HK$/psf Cap rate end of Dec 2024 Great Eagle Centre Office 193,271 17,463 3.0% -8.8% Retail 55,944 7,794 4.5% -4.4% Retail 3rd floor 20,959 8,636 -8.6% Carparks
Slide 12: Reconciliation to core earnings from reported earnings
Great Eagle Holdings Limited Core earnings reconciliation Reconciliation to core earnings from reported earnings Reported earnings Core earnings Core earnings 2025 2025 2024 HK#039;000 HK#039;000 HK#039;000 Revenue 350,325 350,325 Revenue from property sales 10,059,003 10,059,003 1,340,497 Rental Income 174,
Slide 13: Reconciliation to core earnings from reported earnings (Continued)
Great Eagle Holdings Limited Core earnings reconciliation Reconciliation to core earnings from reported earnings (Continued) Reported earnings Core earnings Core earnings 2025 2025 2024 HK#039;000 HK#039;000 HK#039;000 Net Operating Income Income from property sales 513,611 513,611 599,031 Net Rental Income
Slide 14: Reconciliation to core earnings from reported earnings (Continued)
Great Eagle Holdings Limited Core earnings reconciliation Reconciliation to core earnings from reported earnings (Continued) 14
Slide 15: Reconciliation to core earnings from reported earnings (Continued)
Great Eagle Holdings Limited Core earnings reconciliation Reconciliation to core earnings from reported earnings (Continued) 15