Slide 1: FY 2025 Annual Results Investor Presentation
Stock Code: 683 FY 2025 A N N U A L R E S U LT S Investor Presentation
Slide 2: Results Highlights & Outlook
Results Highlights & Outlook Mr. Kuok Khoon Hua Chairman & Chief Executive Officer
Slide 3: Results Highlights
Results Highlights Hong Kong Chinese Mainland • Residential market showed gradual improvement, with • Residential market remained weak. buyers remaining highly selective. • Overall economic sentiment remained sluggish as evidenced • Developers became more active in land tenders. by the continued acc
Slide 4: Outlook
Outlook Continue to adopt a prudent approach Long term Near term We remain confident and optimistic on the Timing of market stabilisation and prospects of the Chinese Mainland and domestic demand recovery in the We will continue to prioritise Hong Kong. Chinese Mainland is still uncertain. the Group
Slide 5: Development Properties: Contracted Sales
Development Properties: Contracted Sales Main contribution from the Chinese Mainland YoY Change Contracted sales N1 (HK$ billion) 34.7 +175% Hong Kong – Major projects Chinese Mainland – Shanghai Jinling Residences Hong Kong FY 2025 FY 2024 Chinese Mainland – ex Shanghai Jinling Residences • Mont Ve
Slide 6: Development Properties: Completion Timeline
Development Properties: Completion Timeline Saleable resources over the next six years 2027 2028 2029 2031 Attributable GFA 0.4m sf 0.4m sf 0.3m sf 0.2m sf Hong Kong Chinese Mainland LA MIRABELLE To Kwa Wan Project Tsuen Wan Project Cheung Sha Wan Project 18% 18% Shenyang The Arcadia* Shanghai Jinli
Slide 7: Operational Updates
OPERATIONAL UPDATES Ms. Suzanne Cheng Chief Financial Officer
Slide 8: Development Properties: Revenue Recognition
Net order book N1 Development Properties: Revenue Recognition Sales booking increased upon project completion and handover of units Combined revenue N1 Contracted sales yet to be recognised N1 (HK$ billion) YoY Change 17.7 +28% Hong Kong – Major projects Major projects recognised recognised in 1H 20
Slide 9: Investment Properties: Chinese Mainland Overview
Investment Properties: Chinese Mainland Overview Office segment remained under pressure while retail segment was largely stable Chinese Mainland Combined Rental Revenue N1 Chinese Mainland Occupancy Rates N3 (HK$ million) YoY change By Asset Type Office Retail 4,069 4,043 -1% 94% Apartment Carpark &
Slide 10: Investment Properties: Hong Kong Overview
Investment Properties: Hong Kong Overview Lower revenue reflected weak market for office and retail properties Hong Kong Combined Rental Revenue N1 Hong Kong Occupancy Rates N3 (HK$ million) 1,286 YoY change Office Retail By Asset Type Carpark, warehouse 161 1,150 -11% 100% Apartment Excluding the i
Slide 11: Financial Updates
FINANCIAL UPDATES Ms. Suzanne Cheng Chief Financial Officer
Slide 12: Financial Highlights
Financial Highlights Total dividends maintained FY 2025 FY 2024 Change Combined revenue breakdown (HK$ mn) Combined revenue (HK$ mn) N1 25,015 21,361 +17% By region YoY Change By segment YoY Change 25,015 +17% 25,015 +17% Profit attributable to shareholders (HK$ mil) 2,148 -1% - Reported 938 808 +16
Slide 13: Capital & Treasury Management
Capital & Treasury Management Deleveraging progress remains on track Cash & Bank Deposits Undrawn Bank Loan Facilities Gearing Ratio 41.5% HK$16.1 bn HK$31.1 bn (Net debt divided by total equity) 33.6% 34.1% 33.3% (31 Dec 2024: HK$11.2 bn) (31 Dec 2024: HK$26.9 bn) Targeting below-30% Total Borrowin
Slide 14: Capital & Treasury Management
Capital & Treasury Management RMB debt mix increased further to 50% HK$ Interest Rate Swaps Fixed Rate Debt RMB Debt to 13.2 in Effect 53% to Gross Debt N1 50% Gross Debt N1 bn (31 Dec 2024: HK$18.4 bn) (31 Dec 2024: 46%) (31 Dec 2024: 33%) Gross debt mix RMB RMB Floating HKD Floating 22% Fixed 19%
Slide 15: Q&A Session
Q&A Session 15 Kerry Properties Limited FY 2025 Annual Results
Slide 16: Appendix
Appendix 16 Kerry Properties Limited FY 2025 Annual Results
Slide 17: Financial Summary
Financial Summary Change, Major movements (HK$ million) FY 2025 FY 2024 favourable / (unfavourable) Gross margin Declined primarily due to reduced Combined revenue N1 25,015 21,361 +17% rental revenue from investment properties while fixed costs were Combined results N1 6,779 6,850 -1% maintained to
Slide 18: Business at a Glance
Business at a Glance Property Sales Property Rental Hotel Operation Major projects with recent sales Major projects in operation Major projects in operation 1. Shanghai Jinling Residences 1. Shanghai Jing An Kerry Centre 1. Shanghai Jing An Shangri-La 2. Shenyang The Arcadia 2. Shanghai Pudong Kerry
Slide 19: Property Portfolio Composition
Property Portfolio Composition Attributable GFA as at 31 Dec 2025 Chinese Mainland Hong Kong Overseas Total (million sf) Properties under development 13.4 1.4 3.9 18.7 Total Investment properties 13.3 2.8 2.0 18.1 47.2 Hotel properties Properties held for sale 4.9 4.5 0.04 0.4 0.5 0.06 5.4 5.0 milli
Slide 20: Development Properties: Chinese Mainland Pipeline
Development Properties: Chinese Mainland Pipeline Villas expected to be Shenyang The Arcadia launched in late 2026 – 2027 Shanghai Jinling Residences Shenyang Qinhuangdao The Habitat Qinhuangdao Fuzhou Rivercity Shanghai Wuhan River Mansion Wuhan Fuzhou Kunming Peakview Kunming Shenzhen Bayside Shen
Slide 21: Development Properties: Hong Kong Pipeline
Development Properties: Hong Kong Pipeline Beacon Hill KOWLOON Tsuen Wan Mont Verra Tsuen Wan project Cheung Sha Wan To Kwa Wan Tseung Kwan O To Kwa Wan project Cheung Sha Wan project HONG KONG ISLAND Wong Chuk Hang La Montagne LA MIRABELLE Upcoming projects to be launched 21 Kerry Properties Limite
Slide 22: Chinese Mainland Investment Properties & Hotels: Completion Timeline
Chinese Mainland Investment Properties & Hotels: Completion Timeline Portfolio will grow by over 40% over the next six years and beyond Current Under development 2031 onwards Attributable GFA Attributable GFA (million sf) Attributable GFA 39% 44% Office 5% 7% 3% Retail 59% ~18 Hotel ~7 ~25 million s
Slide 23: Sustainability Updates
SUSTAINABILITY UPDATES Renewable Energy Carbon Emissions Green Financing Operational > 20 % Secured renewable Further secured green loans carbon energy for Chinese emissions YoY Group Project level level Mainland projects HK$18.0 bn HK$1.1 bn • Shanghai Jing An Kerry Scope 3 Expanded Supplier Centre
Slide 24: Thank you / Disclaimer
DISCLAIMER The information in this presentation is for personal, non-commercial reference and general information purposes only and should not be relied upon for investment decision purposes. The information in this presentation, including without limitation any stock price, market data information,