Sunevision Holdings Ltd. · HKEX:1686
Sunevision — FY2025/26 Earnings Presentation
24 slides from Sunevision's earnings presentation, September 2026
Slide 1: FY25/26 Results Presentation
FY25/26 RESULTS PRESENTATION (HKSE: 1686) September 2026
Slide 2: Disclaimer
DISCLAIMER The information contained in these materials is intended for reference and general information purposes only. Neither the information nor any opinion contained in these materials constitutes an offer or advice, or a solicitation, recommendation or suggestion by SUNEVISION Holdings Limited
Slide 3: Agenda
AGENDA •Financial Review •Business Review •Outlook 3
Slide 4: Financial Overview
FINANCIAL OVERVIEW Noel Lok Chief Financial Officer
Slide 5: Delivering Robust Performance Across All Key Metrics
DELIVERING ROBUST PERFORMANCE ACROSS ALL KEY METRICS • Recurring revenue from data centre and IT facilities grew by 8% YoY, with total revenue increased 6% YoY to HK$3,117mn • EBITDA grew an 8% YoY to HK$2,300mn, with margins expanding from 72% to 74% • Net profit increased 17% YoY to HK$1,146mn, bo
Slide 6: Building Durable Revenue Growth
BUILDING DURABLE REVENUE GROWTH Recurring revenue from data centre and IT facilities rose 8% YoY from full-year contribution of previous move- ins and positive reversions which more than offset the normalisation of one-off project income Major Customer Win: MEGA IDC Phase 1 Full move-in will increas
Slide 7: Revenue Expansion Driven by New Site Ramp-up and Organic Portfolio Growth
REVENUE EXPANSION DRIVEN BY NEW SITE RAMP-UP AND ORGANIC PORTFOLIO GROWTH Robust top-line expansion led by rapid ramp-up in new sites1, complemented by footprint expansion and positive price reversions across established sites2 Revenue Mix3 (HK$mn) ▪ Recurring revenue increased 8% to Recurring reven
Slide 8: Driving Solid Gains in EBITDA and Net Earnings
DRIVING SOLID GAINS IN EBITDA AND NET EARNINGS EBITDA rose 8% to HK$2,300mn with margins expanded to 74% driven by operational efficiency. Net Profit increased 17% YoY to HK$1,146mn, supported by lower borrowing costs EBITDA1 and EBITDA Margin NPAT and NPAT Margin (HK$mn) (HK$mn) Lower borrowing cos
Slide 9: Driving Strong Cash Generation & Capital Precision
DRIVING STRONG CASH GENERATION & CAPITAL PRECISION Operating cash flow grew a solid 9% YOY, backed by a disciplined, demand-driven capital investment strategy designed to maximise returns Operating Cash Flows1 Net Cash used in Investing Activities 1H (HK$mn) IT Load Capacity in Place (MW) GFA (k.sq.
Slide 10: Strengthening Financial Position
STRENGTHENING FINANCIAL POSITION Aligning capital spending with market demand, combined with the tailwinds of declining interest rates, creates enhanced flexibility to fund future growth while optimising the balance sheet Total Debt Effective borrowing cost (HK$mn) (HK$mn) Favaourable HIBOR and 5.2%
Slide 11: Business Overview
BUSINESS OVERVIEW Helen Lo Executive Director & Director, Commercial
Slide 12: Business Update
BUSINESS UPDATE • Accelerated Demand & Market Tightening: Demand for premium Hong Kong data centre infrastructure accelerated meaningfully in 2H26, driving rapid absorption of available market capacity and creating scarcity for high-specification space • Secured Major Anchor Commitment: Secured a la
Slide 13: Two Demand Engines Powering a Structural Demand Inflection in HK
TWO DEMAND ENGINES POWERING A STRUCTURAL DEMAND INFLECTION IN HK CHINESE TECH GOING GLOBAL GLOBAL CLOUD & AI INFERENCE TAKING OFF Drivers Drivers • Chinese AI & Cloud leaders aggressively expanding • Top hyperscalers guide ~US$720 billion combined 2026 capex internationally • Proven AI monetisation
Slide 14: Premium, Diversified Customer Base to Capture Growth
PREMIUM, DIVERSIFIED CUSTOMER BASE TO CAPTURE GROWTH Customer Mix1 Top Customers’ Revenue Contribution for FY25/26 Largest Customer, 19% Enterprises International Cloud & Tech Network & ICT Second Largest Providers Customer, 14% Other, 67% Chinese Cloud & Tech • Proven Execution Track Record: Unriva
Slide 15: MEGA IDC Phase One Secures Major AI & Cloud Deployment
MEGA IDC PHASE ONE SECURES MAJOR AI & CLOUD DEPLOYMENT Significant Uplift in MEGA IDC Phase 1 Major Customer Win Drives Phase 1 Occupancy Following Major Win Toward Full Occupancy • Significant Occupancy Uplift: – Secured a major AI & cloud deployment Total GFA: 500,000 sq.ft. with a leading Chinese
Slide 16: Accelerating Development of MEGA IDC Phases Two & Three
ACCELERATING DEVELOPMENT OF MEGA IDC PHASES TWO & THREE SUNeVision’s TKO Campus with a total of 200MW IT capacity Accelerating to Phase 2 and 3 as one • Single Integrated Development: Accelerating single development (~700,000sf) Phases 2 & 3 as a unified project, targeting Ready- For-Service (RFS) b
Slide 17: FY25/26: Sustained Performance Across the AI & Cloud Ecosystem
FY25/26: SUSTAINED PERFORMANCE ACROSS THE AI & CLOUD ECOSYSTEM FY25/26 Business Mix YoY Growth Looking forward • Started MEGA-i revitalisation 3.0 - with managed relocation of low-yield customers, we have recouped space that can be upgraded as high-density inventory for future growth Connectivity •
Slide 18: Disciplined Strategy Delivering Superior Financial Returns
DISCIPLINED STRATEGY DELIVERING SUPERIOR FINANCIAL RETURNS Prioritising yield, premium pricing, and long-term customer partnerships to outperform across key financial metrics Yield Over Volume: Disciplined prioritisation of returns over capacity fill • Sustained Premium Pricing • Industry-leading re
Slide 19: Superior Unit Economics Underscore Premium Asset
SUPERIOR UNIT ECONOMICS UNDERSCORE PREMIUM ASSET Prime locations, connectivity density, and yield-focused strategy consistently generate industry-leading pricing power and profitability Revenue economics among global peers EBITDA economics among global peers (HK$/kW/month) (HK$/kW/month) ~2,500 Equi
Slide 20: Sustainability Updates & Highlights
SUSTAINABILITY UPDATES & HIGHLIGHTS Updates in FY25/26 Other ESG Highlights • Procured Over 1,058 MWh of RECs Entered into a 6-year agreement with CLP Power for site- specific RECs (1,058,692 kWh billed/procured in FY25/26), reducing emissions by ~360 tCO₂e • Expanded Green Finance to >65% Secured H
Slide 21: Outlook
OUTLOOK Allen Fung Vice Chairman & Executive Director
Slide 22: Outlook
OUTLOOK • Strong Demand Dynamics: Accelerating adoption of high-density AI and cloud infrastructure is driving robust, real demand across our premier data centre portfolio • Quality-First Client Selection: Applying commercial discipline to prioritise long-term, high-value tenant commitments that ref
Slide 23: Q&A
Q&A
Slide 24: Thank You
THANK YOU whe
SUNeVision Holdings — FY2025/26 Earnings Presentation on 6ix