Hysan Development Co., Ltd. · HKEX:14
Hysan Development — H1 2025 Earnings Presentation
26 slides from Hysan Development's earnings presentation, Aug 14, 2025
Slide 1: 2025 Interim Results Press Briefing
2025 INTERIM RESULTS PRESS BRIEFING Hysan Development Company Limited 14 August 2025
Slide 2: Disclaimer
Disclaimer This document has been prepared for general information purposes only, and is not, and should not be construed as an offer to sell, or a solicitation of an offer to buy any securities. Information and estimates contained and opinions expressed herein have been complied in good faith by Hy
Slide 3: A Legacy of Excellence, A Vision for the Future
A Legacy of Excellence, A Vision for the Future 2
Slide 4: Delivers Solid Results that Outperform the Market
Delivers Solid Results that Outperform the Market Demonstrating Resilience in a Demanding Landscape Turnover Recurring Underlying Profit Underlying Profit 2.2% 1.2% 1.2% VS 1H 2024 VS 1H 2024 VS 1H 2024 Retail Office Residential +2.1% +0.8% +12.4% VS 1H 2024 VS 1H 2024 VS 1H 2024 HK Occupancy HK Occ
Slide 5: Unique Portfolio Drives Strong Performance
Unique Portfolio Drives Strong Performance Century-Long Curation + Community Business Model Authentic Culture & Luxury + Trendsetting Experiences Tenant Sales Traffic 4% 19% VS 1H 2024 VS 1H 2024 Connecting Inclusive Community Multi-Generations 4
Slide 6: Harvesting Transformation, Cultivating Growth
Harvesting Transformation, Cultivating Growth Long-term Growth Guided by Our “Core and Pillars” Strategy Core: Reinforcing and expanding the Lee Gardens precinct • Continuous dynamic curation – placemaking, unique experience offerings, asset enhancement • Committed to meeting the evolving needs of c
Slide 7: Lee Gardens Rejuvenation Delivers Promising Results
Lee Gardens Rejuvenation Delivers Promising Results Positive Momentum Continued into 1H 2025 10+ Newly Renovated and Expanded Flagship Maisons 6
Slide 8: Upgraded F&B at Lee Gardens
Upgraded F&B at Lee Gardens Curated Offerings of Premium Dining from 110+ F&B Outlets Roganic Unagi Yondaime Kikukawa Lee Garden One Lee Garden One Aire Lee Garden One An Nam and Gonpachi Caviar House & Prunier Leela Lee Garden Two Lee Garden One Lee Garden Three 7
Slide 9: One-of-Its-Kind Character: Contrast + Diversity + Inclusivity
One-of-Its-Kind Character: Contrast + Diversity + Inclusivity Curating Lee Gardens Area with Thriving Neighbourhoods Placemaking + Content Curation + Community Engagement Brand Debuts in HK Neighbourhood meets Commercial, Heritage meets Contemporary 8
Slide 10: Resilience in the Competitive Office Market
Resilience in the Competitive Office Market Stable Occupancy at Hong Kong’s Favoured Office Destination Traditional Office Space Flexible Co-working Solutions Full-range Office Offerings 9
Slide 11: Lee Garden Eight: Next-Generation Workplace and Retail Centrepiece
Lee Garden Eight: Next-Generation Workplace and Retail Centrepiece On Track for Completion in 2026 Largest Commercial Floor Plate on Hong Kong Island Core of Towers 1 & 2 up to Top Level • Expansion of Lee Gardens leasable portfolio by 30% • Superstructure works making • Expected 20% increase in dai
Slide 12: Integrated Pedestrian Walkway System
Integrated Pedestrian Walkway System Walkable Neighbourhood with Multi-Ground-Floor Retail Concept New Benchmarks for Sustainability and Connectivity 11
Slide 13: Strategic Pillars: Business and Geographic Diversification
Strategic Pillars: Business and Geographic Diversification Investment in Market Leaders to Complement Core Business Lee Gardens Shanghai The World’s Leading Healthcare Investment Flex Operator IWG New Frontier Group Quality asset with diversified Steady growth across the Maintained steady business o
Slide 14: Review of Business Performance and Operation
Review of Business Performance and Operation
Slide 15: 2025 Interim Results
2025 Interim Results Revenue (HK$M) Period-end Occupancy HK Retail HK Office Residential +0.8% 1,693 +1.4% 1,716 1,730 94 % 92 % 70% (2024 Dec : 92%) (2024 Dec : 90%) (2024 Dec : 73%) HK Retail Revenue : +0.8% Y.o.Y / +2.0% H.o.H 844 -1.2% 834 +2.0% 851 • Improved occupancy with new tenants • Positi
Slide 16: Positive Results from Lee Gardens Rejuvenation
HK Retail Portfolio Positive Results from Q2 2025 Tenant Sales Occupancy Lee Gardens Rejuvenation 8% 94% Addressing evolving demands of consumers by refreshing our brand VS Q2 2024 (2024 Dec: 92%) mix with a variety of exciting and innovative new offerings. Progress on Lee Gardens rejuvenation conti
Slide 17: Quality of Loyal Member Base
HK Retail Portfolio Quality of Loyal Member Base Member Spending No. of Transactions by Annual Spending per Head Club Avenue Members 20% 31% $1.6M+ VS 1H 2024 VS 1H 2024 Avg. per Top Tier Member Data-Driven Strategies AI analytics to identify target customers Contribution from • Old and New Hong Kon
Slide 18: Emerging Consumer Trends + Digital Engagement
HK Retail Portfolio Emerging Consumer Trends + Digital Engagement Robust Increase in Traffic and Sales Promotional Campaigns 110+ campaigns and events driving 4M+ footfall Strategic Partnerships 60+ partners engaged in 1H 2025 17
Slide 19: Unique Portfolio Shaping Retail Excellence
HK Retail Portfolio Unique Portfolio Shaping Retail Excellence Engaging Events Attracting Hong Kong’s Youth and Visitors High-profile Campaigns and Pop-up Stores Urban Culture Activities Collaboration with Global Pop Culture Event ComplexCon Chinese New Year 100-person Mahjong Tournament Iconic Harr
Slide 20: Stable Occupancy with High Tenant Retention
HK Office Portfolio Tenant Retention Occupancy Stable Occupancy with >70% 92% High Tenant Retention as at 30 Jun 2025 (2024 Dec: 90%) Office Tenant Profile by Area (as at 30 June 2025) Continued efforts to diversify tenant base leveraging Others full-range office offerings 18.1% Banking, Finance and
Slide 21: Capital Recycling from Non-core Assets
Capital Recycling from Non-core Assets Bamboo Grove (2 Blocks) Targeting HK$8 billion Over 5 years VILLA LUCCA (53% contracted) Unlock To Kwa Wan Development Values 20
Slide 22: Financial Management
Financial Management
Slide 23: Financial & Capital Management
Financial & Capital Management Shareholders’ Fund HK$ 65.2b (-1.2%) NAV per share HK$ 63.5 (-1.2%) HK$ 0.27 (flat) DPS 22
Slide 24: Financial & Capital Management
Financial & Capital Management Debt Maturity Profile as at 30 June 2025 Key Financial Metrics (HK$ m) Net Gearing Effective Interest Rate Secured bank loan (MI) 3,972 * Secured bank loan Medium term notes 32.9% 3.8% Unsecured bank loans Fixed Rate Debt Ratio Average Debt Maturity 56% 3.2 years 5,957
Slide 25: Outlook
Outlook
Slide 26: Confidence in the Future
Confidence in the Future 26
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