Fse Lifestyle Services Limited · HKEX:331

Fse Lifestyle Services — FY2025 Earnings Presentation

39 slides from Fse Lifestyle Services's earnings presentation, September 2025

  1. Slide 1: FY2025 Annual Results Analyst Presentation

    FY2025 ANNUAL RESULTS Year Ended 30 June 2025 ANALYST PRESENTATION Sep 2025 FSE Lifestyle Services Limited |1

  2. Slide 2: Disclaimer

    Disclaimer This presentation is prepared by FSE Lifestyle Services Limited (the “Company”) and is solely for the purpose of corporate communication and general reference only. The presentation is not intended as an offer to sell, or to solicit an offer to buy or form any basis of investment decision

  3. Slide 3: Business Segments

    Business Segments FSE Lifestyle Services Limited (Stock code: 331) 100% 100% 100% Property & Facility City Essential E&M Management Services Services Services (Cleaning (Technical Support (Property & Facility & Pest & Maintenance) (E&M Engineering Control) Services) Management Services, and Sales &

  4. Slide 4: 1. Financial Results

    1. Financial Results Turnover ↓3% ($288M) from p/y $8,448M to $8,160M ($’M) 10,000 ↑6% ↑10% ↓23% 9,000 429 (754) 8,448 37 8,160 8,000 Property Management: City Essential: E&M 7,000 - Contract extensions - All the five divisions - Fewer mega-size projects and renewals for recorded growth that reached

  5. Slide 5: All divisions under City Essential segment performed well

    All divisions under City Essential segment performed well FY2025 FY2024 % Turnover Turnover Changes ($’M) ($’M) City Essential (CITES) Cleaning & pest control 2,536 2,350 8% Insurance solutions 142 114 25% Technical support & maintenance 1,164 1,060 10% Environmental solutions 335 304 10% Systems se

  6. Slide 6: Reported earnings ↓10% from p/y $501M to $453M

    Reported earnings ↓10% ($48M) from p/y $501M to $453M ($’M) 550 ↓92% ↓5% 501 (24) 500 (24) 453 450 (24) 400 350 300 250 FY2024 Gov’t grants Segment results FY2025 Reported Reported earnings earnings FY2024: Core earnings $475M ; FY2025: Core earnings $451M FSE Lifestyle Services Limited | 6

  7. Slide 7: Core earnings ↓5% from p/y $475M to $451M

    Core earnings ↓5% ($24M) from p/y $475M to $451M ($’M) 550 ↑6% ↑5% ↓22% 500 12 (41) 475 5 451 450 Property Management: City Essential: E&M: 400 - Contract extensions - More new contracts - Fewer mega-size projects and renewals for with stable gross profit that reached substantial 350 government offi

  8. Slide 8: Segment AOP - Non-E&M recurring businesses remain solid

    Segment AOP* - Non-E&M recurring businesses remain solid, contribute 69% AOP and growing $236M $90M Property & Facility Management 19% City Essential 50% E&M 31% $148M * Based on Net Profit including government grants but excluding unallocated corporate expenses FSE Lifestyle Services Limited |8

  9. Slide 9: 2. Dividend History

    2. Dividend History Resilient Business Operations to Support Steady Returns to Shareholders Total dividend per share since IPO $3.194, representing 116% of IPO price 8.8 8.3 8.1 7.8 7.4 ($) 0.5 6.7 0.450 0.450 0.458 0.438 0.396 0.4 0.161 0.213 0.241 0.214 0.3 0.272 0.185 0.2 0.144 0.289 0.245 0.224

  10. Slide 10: 3. Key Segment Highlights

    3. Key Segment Highlights Property & Facility Management segment Turnover $701M ↑6% (p/y $664M) ($’M) 750 696 708 701 664 600 353 351 351 334 450 300 343 357 330 350 150 0 FY2022 FY2023 FY2024 FY2025 First half Second half FSE Lifestyle Services Limited | 10

  11. Slide 11: Property & Facility Management segment Reported earnings $90M

    Property & Facility Management segment Reported earnings $90M ↓17% (p/y $108M) ($’M) 150 139 136 125 108 55 55 100 23 90 75 41 42 45 39 50 25 42 43 43 45 0 FY2022 FY2023 FY2024 FY2025 First half Second half Gov't grant FSE Lifestyle Services Limited | 11

  12. Slide 12: Property & Facility Management segment Core earnings $90M

    Property & Facility Management segment Core earnings $90M ↑6% (p/y $85M) (excluding grants) ($’M) 100 90 84 85 81 80 45 60 39 41 42 40 20 42 43 43 45 0 FY2022 FY2023 FY2024 FY2025 First half Second half FSE Lifestyle Services Limited | 12

  13. Slide 13: Over 300 property and facility management contracts

    Property & Facility Management Segment Urban/IPM/Kiu Lok Over 300 property and facility management contracts Tenders Submitted: $4,030M New and Renewed contracts: $1,299M Over Remaining works: $1,784M 300 Seeking new income sources and property and facility K11 Masterpiece management Neich Tower div

  14. Slide 14: City Essential segment Turnover $4,888M

    City Essential segment Turnover $4,888M ↑10% (p/y $4,459M) ($’M) 5,000 4,888 4,459 4,000 3,767 3,253 2,489 2,316 3,000 1,918 1,662 2,000 2,143 2,399 1,000 1,849 1,591 0 FY2022 FY2023 FY2024 FY2025 First half Second half FSE Lifestyle Services Limited | 14

  15. Slide 15: City Essential segment Reported earnings $236M

    City Essential segment Reported earnings $236M ↑5% (p/y $224M) ($’M) 250 236 216 224 201 8 200 15 114 95 123 150 83 100 113 122 50 103 101 0 FY2022 FY2023 FY2024 FY2025 First half Second half Gov't grant FSE Lifestyle Services Limited | 15

  16. Slide 16: City Essential segment Core earnings $236M

    City Essential segment Core earnings $236M ↑5% (p/y $224M) (excluding grants) ($’M) 250 236 224 208 200 186 114 95 123 150 83 100 113 122 50 103 101 0 FY2022 FY2023 FY2024 FY2025 First half Second half FSE Lifestyle Services Limited | 16

  17. Slide 17: City Essential Segment

    City Essential Segment Jun 2025 Jun 2025 Tender Contracts Remaining submitted awarded Works ($M) ($’M) ($’M) City Essential (CITES) Cleaning & pest control 9,651 1,882 3,216 Insurance solutions 68 32 51 Technical support & maintenance 6,474 733 1,463 Environmental solutions 896 228 427 Systems secur

  18. Slide 18: Over 310 cleaning service contracts

    City Essential Segment (i) Cleaning & Pest Control - Waihong Over 310 cleaning service contracts Focus on margin improvement with stable growth in residential and commercial portfolios Kai Tak Sports Park Hong Kong International Airport The Twins Citygate FSE Lifestyle Services Limited | 18

  19. Slide 19: HK and Beijing Nova - Over 4,000 & 4,600 insurance solutions contracts

    City Essential Segment (ii) Insurance Solutions - Nova HK and Beijing Nova - Over 4,000 & 4,600 insurance solutions contracts With Beijing Nova, we are enhancing cross-border service capabilities especially in the GBA Citybus Limited Macau Grand Prix Investing in a 27% interest in Townlife Holding C

  20. Slide 20: Over 2,600 technical support and maintenance service contracts

    City Essential Segment (iii) Technical Support & Maintenance - Far East/Turning Over 2,600 technical support and maintenance service contracts Successfully winning 20 energy- efficiency contracts with a total contract sum of $513M, expecting more in the near future IFC One Nina Tower More tenders fo

  21. Slide 21: Over 1,500 environmental solutions contracts

    City Essential Segment (iv) Environmental Solutions – FSE Environmental Solutions Over 1,500 environmental solutions contracts Advancing facility and building management contracts through the AIoT platform (FioTech) Ample opportunities in the EV-charging projects, we have 22 completed and ongoing EV

  22. Slide 22: Over 650 security guarding, systems and event services contracts

    City Essential Segment (v) Systems Security, Guarding & Event Services – General Security/Perfect Event Over 650 security guarding, systems & technologies and event services contracts More ad hoc and property sales events business Provided services for 105 events out of 213 mega events under mega-ev

  23. Slide 23: City Essential Segment

    City Essential Segment (v) Systems Security, Guarding & Event Services – General Security/Perfect Event HKJC Racecourses HKCEC AGM Events Music Concerts Hang Lung Properties WinterFest 2024 Exhibition Events Property Sale Events FSE Lifestyle Services Limited | 23

  24. Slide 24: E&M segment Turnover $2,571M ↓23%

    E&M segment Turnover $2,571M ↓23% (p/y $3,325M) ($’M) 4,000 3,292 3,325 3,018 3,000 2,571 1,786 1,683 1,602 2,000 1,231 1,000 1,416 1,506 1,642 1,340 0 FY2022 FY2023 FY2024 FY2025 First half Second half FSE Lifestyle Services Limited | 24

  25. Slide 25: E&M segment Reported earnings $148M ↓22%

    E&M segment Reported earnings $148M ↓22% (p/y $190M) ($’M) 200 186 190 173 14 3 18 148 150 89 2 86 82 63 100 50 98 73 86 83 0 FY2022 FY2023 FY2024 FY2025 First half Second half Gov't grant FSE Lifestyle Services Limited | 25

  26. Slide 26: E&M segment Core earnings $146M ↓22%

    E&M segment Core earnings $146M ↓22% (p/y $187M) (excluding grants) ($’M) 200 187 172 155 146 150 89 86 82 63 100 50 98 73 86 83 0 FY2022 FY2023 FY2024 FY2025 First half Second half FSE Lifestyle Services Limited | 26

  27. Slide 27: Over 150 E&M services contracts

    E&M Segment FSE Engineering/Majestic/Young’s Over 150 E&M services contracts Tenders Submitted: $23,549M New and Renewed contracts: $2,622M Remaining works: $6,425M Continuing opportunities in Northern Kwu Tung North Area 24 上海市黃浦區尚賢坊 Metropolis Development Focusing particularly on stronger manageme

  28. Slide 28: 4. 9-Year Achievements: 12% CAGR EPS FY2017-25

    4. 9-Year Achievements 12% CAGR EPS FY2017-25 (Reported) ($) 1.29 1.20 1.14 1.10 1.09 0.17 0.06 0.99 0.20 0.01 0.80 0.76 0.46 0.45 0.68 0.43 0.52 0.11 0.53 0.55 0.13 0.16 0.40 0.39 0.17 0.30 0.18 0.21 0.21 0.18 0.51 0.51 0.53 0.47 0.25 0.23 0.18 0.19 0.18 0.00 FY2017 FY2018 FY2019 FY2020 FY2021 FY20

  29. Slide 29: 10% CAGR Turnover FY2017-25

    10% CAGR Turnover FY2017-25 (Reported) ($’M) 9,000 8,448 8,160 8,000 7,767 6,967 7,000 6,453 4,333 4,070 6,000 774 4,055 4,927 4,931 4,882 3,616 5,000 568 1,171 2,920 4,000 3,700 2,639 2,172 3,000 1,931 1,993 2,000 4,115 4,090 3,712 3,351 2,759 1,000 2,292 2,142 1,769 1,763 0 FY2017 FY2018 FY2019 FY

  30. Slide 30: 13% CAGR Profit FY2017-25

    13% CAGR Profit FY2017-25 (Reported) ($’M) 600 587 523 503 501 500 77 26 88 453 2 340 400 244 211 310 212 200 300 48 237 248 73 200 174 57 78 134 86 93 82 92 234 231 240 100 215 114 103 82 87 87 0 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 First half Second half Effect of acquisi

  31. Slide 31: 5. Remaining Works

    5. Remaining Works Continued efforts to foster sustainable growth ($’M) 15,000 14,532 13,522 885 1,784 ↑102% 12,000 6,323 9,000 6,851 ↓8% 6,000 3,000 6,425 ↑11% 5,786 0 Jun Jun 2024 2024 Jun Jun2025 2025 FSE Lifestyle Services Limited | 31

  32. Slide 32: 6. Capital Strength and Resilience

    6. Capital Strength and Resilience With financial flexibility and funding certainty As at 30 June 2025 Banking Facilities Cash and Banks Debt Maturity Profile $1,182M $626M, 84% (in HK$M) Oct 26 319 Total Total $3,120M $744M $104M, 14% $14M, 2% Zero net gearing ratio $1,938M Unutilised HKD Utilised

  33. Slide 33: 7. Why Invest In FSE Lifestyle?

    7. Why Invest In FSE Lifestyle? Continuous return to shareholders with quality development Defensive and Resilient Financial Results and Contract Portfolio - Sustained core earnings $451m - New contract award $7.9b - Strong order book $24.2b - Healthy remaining works $14.5b High Dividend Yield, Cons

  34. Slide 34: 7. Why Invest In FSE Lifestyle?

    7. Why Invest In FSE Lifestyle? Continuous return to shareholders with quality development Strong Governance & Capital Management - High caliber management team - Effective ESG stewardship - Zero net gearing - Ample facilities and liquidity, low funding costs Continuous M&A and Collaboration The sca

  35. Slide 35: 8. Outlook & Strategies: Market Position

    8. Outlook & Strategies Market Position – Frost & Sullivan Report (Sep 2025) Property & Facility E&M Management Engineering 1 2 City Essential 1 2 Note : Excluding developers’ management companies FSE Lifestyle Services Limited | 35

  36. Slide 36: FSE Ecosystem (Multi Service Lines)

    FSE Ecosystem (Multi Service Lines) – With strong cross-selling to drive growth FSE Lifestyle Services Limited | 36

  37. Slide 37: Outlook: continual segmental growth

    Continual segmental growth, Property & Facility Management and City Essential, resulting from stronger engagement/ marketing skills, and group referrals The E&M segment is facing persistent difficult market conditions including margin compression and delays of design and construction projects in Hon

  38. Slide 38: 9. Final Dividend FY2025 Schedule

    9. Final Dividend FY2025 Schedule Closure of Financial Dividend per Ex-dividend Register of Dividend Period Share Date Ordinary Payment Date Shareholders 1 Jul 2024 $0.211 (Interim) 28 Nov to 1 Dec on or about to 26 Nov 2025 $0.185 (Final) 2025 12 Dec 2025 30 Jun 2025 FSE Lifestyle Services Limited

  39. Slide 39: Q&A

    Q&A FSE Lifestyle Services Limited | 39

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