Sino Land Co. Ltd. · HKEX:83

Sino Land — H1 FY2023/24 Earnings Presentation

43 slides from Sino Land's earnings presentation, Feb 22, 2024

  1. Slide 1: Interim Results FY 2023/24 Analysts' Briefing

    INTERIM RESULTS FY 2023/24 Analysts’ Briefing 22 February 2024

  2. Slide 2: Disclaimer

    Disclaimer This document and the information contained therein are intended to be distributed only to named or designated recipients, and it is not or should not be regarded as any advertisement or propaganda materials aimed to the non-specific public. It should not be reproduced quoted or transmitt

  3. Slide 3: Interim Results for the six months ended 31 December 2023

    Interim Results for the six months ended 31 December 2023 Page Result Snapshots 1 Financial Results Highlights 2-4 Business Review Land Bank 5-9 Property Sales 10-12 Property Rental 13-20 Hotels 21 Prospects 22 Q&As Appendix (Sustainability and Asset enhancement works)

  4. Slide 4: Result Snapshots

    Result Snapshots Strong balance sheet with net cash position Profit Dividend Balance Sheet Underlying Profit Net Cash HK$2,944.6 m HK$43,298.4 m ↑ 5.0% yoy (30 Jun 2023: HK$41,967.7 m) Net Profit Interim DPS Shareholders’ funds HK$2,615.9 m HK$0.15 HK$164,516.9 m ↑ 6.3% yoy (2022/23: HK$0.15) ↑ 1.3%

  5. Slide 5: Financial Results Highlights

    Financial Results Highlights For the six months ended 31 December 2023 Interim 2023/24 Interim 2022/23 % Change Revenue declined mainly due to the reduction in property sales of HK$1.5b at Revenue HK$4,922.8m HK$6,382.5m -22.8% subsidiary level, partially offset by improvement in other business segm

  6. Slide 6: Earnings drivers – contribution from Segment results

    Earnings drivers – contribution from Segment results For the six months ended 31 December 2023 Profit contribution from Property Interim 2023/24* Interim 2022/23* % Change Sales declined, mainly due to the reduction in property sales at Property Sales HK$856.6m HK$1,132.6m -24.3% subsidiary level Th

  7. Slide 7: Strong financial position

    Strong financial position Solid balance sheet strength 31 December 2023 30 June 2023 Change Net Cash of HK$43.2b Cash and bank deposits HK$44,130.4m HK$43,932.2m + HK$198.2m Net cash has slightly increased compared to 30 June 2023 Despite the payments made for Debts (HK$832.0m) (HK$1,964.5m) - HK$1,

  8. Slide 8: Land bank

    x Cc © ae) xe) Cc © —! Qsino LAND COMPANY LIMITED

  9. Slide 9: 19.5 million sq. ft. attributable land bank as of December 2023

    19.5 million sq. ft. attributable land bank as of 31 December 2023 Balanced and diversified portfolio sufficient to support the Group’s requirement over the next few years Mainland Overseas (in million square feet) Hong Kong Singapore Sydney Total China Properties under development 2.7 2.0 0.4 - 5.1

  10. Slide 10: Land acquisitions during the interim period

    Land acquisitions during the interim period Replenishment of land bank to optimise earnings potential Total gross floor Attributable gross Project Date Usage Interest area (sq. ft.) floor area (sq. ft.) Residential/ NKIL 6590, Kai Tak 13/09/2023 50% 992,269 496,134 Commercial Shing Tak Street / Ma T

  11. Slide 11: Properties under development – Hong Kong

    Properties under development – Hong Kong Good project pipeline (12 projects expected to be completed over next few years) Expected Attributable Project Name / Site Location Stake (%) completion date gross floor area (sq. ft.) FY 2024 / 2025 ONE CENTRAL PLACE Central 100%* 84,261 Lot 765 in D.D. No.

  12. Slide 12: Properties under development – Mainland China

    Properties under development – Mainland China Attractive projects in Mainland China Expected Attributable Project Name / Site Location Stake (%) completion date gross floor area (sq. ft.) Chengdu International Community Chengdu 20% 39,317 FY2023 / 2024 T102 – 0261, Qianhai Shenzhen 30% 258,336 FY202

  13. Slide 13: Properties under development – Singapore

    Properties under development – Singapore Diversification of development portfolio Expected Attributable Project Name/Site Location Stake (%) completion date gross floor area (sq. ft.) FY 2026 / 2027 The Reserve Residences Singapore 20% 200,884 FY 2028 / 2029 Golden Mile Complex Singapore 25% 202,872

  14. Slide 14: Property sales

    Property sales QsiNno LAND COMPANY LIMITED

  15. Slide 15: Property sales recognised in the interim period

    Property sales recognised in the interim period Attractive pipeline of new project launches for 2024 Interim 2023/24 Interim 2022/23 % Change Gross profit margin Property sales* HK$6,634.9m HK$3,899.4m +70.1% 12.7% (Interim 2022/23: 28.4%) Segment results* HK$844.6m HK$1,110.2m -23.9% * Including at

  16. Slide 16: Total attributable contracted sales of ~HK$9.4 billion not yet recognised

    Total attributable contracted sales of ~HK$9.4 billion not yet recognised Including ~HK$2.2 billion attributable contracted sales expected to be recognised in 2H 2023/24 Projects launched in previous financial years Grand Mayfair * St. George’s Mansions ^ Grand Victoria South West Kowloon, Kowloon Y

  17. Slide 17: Attractive pipeline of new project launches for 2024

    Attractive pipeline of new project launches for 2024 Four projects in the pipeline Stake Attributable Attributable number of Location (%) plot ratio area (sq. ft.) residential units Grand Mayfair III 33.33%* 121,041 227 Yau Tong Ventilation Building Property Development 80%* 260,274 598 ONE CENTRAL

  18. Slide 18: Property rental

    Property rental QsiNno LAND COMPANY LIMITED

  19. Slide 19: Rental activities

    Rental activities Higher turnover rent and higher contribution from new projects Interim 2023/24 Interim 2022/23 % Change Gross Rental Revenue * HK$1,776.7m HK$1,728.3m +2.8% Net Rental Revenue * HK$1,469.9m HK$1,480.6m -0.7% * Including attributable share of associates and joint ventures and exclud

  20. Slide 20: Diversified and balanced investment properties portfolio

    Diversified and balanced investment properties portfolio Providing steady recurring rental income Gross rental revenue* for the first-half of the past five financial years Breakdown by Carpark Residential sectors 9% 4% HK$ million Industrial 9% 2,500 2,107 Retail 51% 2,000 1,842 1,797 1,776 1,728 Of

  21. Slide 21: Hong Kong portfolio – retail trade mix

    Hong Kong portfolio – retail trade mix Remained largely stable yoy Breakdown by marketable floor area Food & Beverages 30.5% 30.5% Fashion & Accessories 41.1% 40.7% As of As of Department Stores 31 Dec 2023 31 Dec 2022 Entertainment Beauty, Personal Care 8.6% 8.9% Others 8.5% 8.8% 5.2% 6.1% 4.9% 6.2

  22. Slide 22: Properties under development mainly comprise of the following properties

    Properties under development mainly comprise of the following properties providing an increase of ~5% in commercial spaces under investment properties* Attributable Project Stake (%) plot ratio area (sq. ft.) Hong Kong KIL 11285, Wing Kwong Street / Sung On Street Project Joint Venture 22,753 NKIL 6

  23. Slide 23: Revaluation of Investment properties

    Revaluation of Investment properties A decline of 0.1% in IP fair value (exclude new projects, disposals and exchange difference) Revaluation gain / (loss) on investment properties  Total attributable value of investment properties (including (net of deferred taxation) associates and joint ventures

  24. Slide 24: Proactive approach in supporting retail tenants

    Proactive approach in supporting retail tenants Continuously optimising tenant mix to cater to the ever-changing consumer taste & preferences Drive footfall and consumption  Engaged in promotion activities to help tenants' sales  A diverse and engaging trade offerings to captivate and attract shop

  25. Slide 25: Initiatives to enhance customer engagement

    Initiatives to enhance customer engagement Actions to drive footfall and boost tenant sales “NBA Summer Base”  In collaboration with NBA Hong Kong, an NBA-themed pop-up event was launched, inviting fans to enjoy the authentic NBA experience from creating a personalised digital jersey, taking selfie

  26. Slide 26: Initiatives to enhance customer engagement

    Initiatives to enhance customer engagement Actions to drive footfall and boost tenant sales  Special set-ups and decorations for festive seasons and events to draw traffic to our retail properties  Promote and leverage on our “S+ REWARDS” digital programme to boost customers’ loyalty  A combinati

  27. Slide 27: Hotels

    Hotels

  28. Slide 28: Hotel operations

    Hotel operations Positive trajectory on both Revenue and Profitability Interim 2023/24 Interim 2022/23 % Change Hotel Revenue* HK$810.9m HK$692.8m + 17.0% Segment operating profit* HK$253.5m HK$229.2m + 10.6% * Including attributable share of associates and joint ventures  A meaningful and consiste

  29. Slide 29: Prospects

    Prospects Qsino LAND COMPANY LIMITED

  30. Slide 30: Prospects – well positioned to capture opportunities

    Prospects - Combined with our strong financial position, sustainable business growth strategy, and solid foundation, the Group is well positioned to capture opportunities that may arise Positive developments in Hong Kong to facilitate a gradual normalisation in business performance: Overall - Popula

  31. Slide 31: Thank you

    5 SINO LAND COMPANY LIMITED Thank you

  32. Slide 32: Q&As

    Q&As QsiIno LAND COMPANY LIMITED WSSSS SSCS SN Ep AD ALERTED, aan © (TION AVANAASANY

  33. Slide 33: Our Performance in ESG Indices

    Appendix Our Performance in ESG Indices Dow Jones Sustainability Greater Bay Area Business Hang Seng Corporate GRESB Asia/Pacific Index Sustainability Index Sustainability Index Series 5-Star Rating AA+ Rated Constituent Top 10 (Pace-setter) (Updated as at 8 December 2023) (Updated as at 3 November

  34. Slide 34: Our Performance in ESG Indices

    Appendix Our Performance in ESG Indices Included in The MSCI ESG Ratings Sustainalytics Included in The Global 100 Sustainability Regional Top-rated Sustainability Most Sustainable Yearbook (China) AA Rated Yearbook 2023 Corporations ESG Performer 2023 (Updated as at 28 June 2023) (Updated as at 8 M

  35. Slide 35: Key ESG Achievements

    Appendix Key ESG Achievements Science-based emission reduction targets approved Sustainability Report 2023 – with reference to ISSB and TNFD  One of the first Hong Kong developers to have near-  One of the first Hong Kong developers to publish the Report term science-based emission reduction targe

  36. Slide 36: Key ESG Accolades

    Appendix Key ESG Accolades UNSDG Achievement Awards Hong Kong 2023 BDO ESG Awards 2023 Hong Kong ESG Reporting Awards 2023 • Grand Award (Sino Group) • ESG Report of the Year - Large Market • Best ESG Report (Large-cap)–Grand Award Capitalisation (Sino Land) (Sino Land) • Organisation Award (Sustain

  37. Slide 37: Key ESG Accolades

    Appendix Key ESG Accolades Green Building Award 2023 ESG Leading Enterprise Awards 2023 Hong Kong Corporate Governance and ESG Excellence Awards 2023 • Pioneer Award - Green Building Leadership • ESG Leading Enterprise Award Category: Developer (Sino Group) (Category I: Market Capitalisation over •

  38. Slide 38: 2023/2024 Completed Asset Enhancement Works

    Appendix 2023/2024 Completed Asset Enhancement Works Tuen Mun Town Plaza 1 | 3/F New Concierge Tuen Mun Town Plaza 1 | 3/F Toilet Renovation

  39. Slide 39: 2023/2024 Completed Asset Enhancement Works

    Appendix 2023/2024 Completed Asset Enhancement Works Westin Centre | Entrance Foyer Renovation Tuen Mun Town Plaza 1 | 3/F Ceiling Renovation

  40. Slide 40: 2023/2024 Completed Asset Enhancement Works

    Appendix 2023/2024 Completed Asset Enhancement Works Island Resort Mall | 1/F Ceiling Renovation China Hong Kong City | UG/F Ceiling Renovation

  41. Slide 41: Asset Enhancement Works in Progress

    Appendix Asset Enhancement Works in Progress Westin Centre | Wholesale Conversion Citywalk + Citywalk2 | Toilet Renovation Olympian City 3 | G/F Aircon Enhancement Tuen Mun Town Plaza 1 | Toilet Renovation

  42. Slide 42: Asset Enhancement Works in Progress

    Appendix Asset Enhancement Works in Progress Sunshine Plaza | Community Living Room Skyline Tower | Roof Signs Phase 2 Olympian City 2 | Yellow Area Renovation Pacific Palisade | Clubhouse Café Renovation

  43. Slide 43: Asset Enhancement Works in Planning

    Appendix Asset Enhancement Works in Planning China Hong Kong City | Mall Renovation Citywalk | Mall Re-layout Tuen Mun Town Plaza 1 | 1/F Renovation

Sino Land Company — H1 FY2023/24 Earnings Presentation on 6ix