Csi Properties Limited · HKEX:497
Csi Properties — FY2026 Earnings Presentation
32 slides from Csi Properties's earnings presentation, Jun 29, 2026
Slide 1: FY 2026 Results Presentation
FY 2026 Results Presentation 29 JUNE 2026 STRICTLY PRIVATE AND CONFIDENTIAL
Slide 2: Disclaimer
Disclaimer The information contained in this presentation is provided by CSI Properties Limited (the " Company " ) based on information available to it and does not constitute a recommendation regarding the securities of the Company and or its subsidiaries The information contained in this presentat
Slide 3: Agenda
Agenda FY 2026 Financial Section 1 Highlights Section 2 Business Update & Highlights Section 3 Future Strategies Appendix Overview of CSI
Slide 4: FY 2026 Sales Highlights
FY 2026 SALES HIGHLIGHTS For the fiscal year Unrecognised ended Contracted Sales committed 31 Mar 2026 15 Jun 2026 % HK$'000 HK$'000 Ownership Group level Hong Kong residential properties 92-100% 850,680 282,887 Hong Kong commercial properties 100% 334,100 0 Macau commercial properties 60% 6,280 0 S
Slide 5: FY 2026 Key Disposals and Presales To-Date
FY 2026 KEY DISPOSALS AND PRESALES TO-DATE Robust HKD 7b+ sales and presales accomplished for the Apr 2025 announced HKD 9b Sales Commitment Plan Projects sold and booked for FY 2026 Location 4 units at Broadway Center (CSI-60%) Macau 2 floors at 92-96 Wellington Street (CSI – 51%) Central 2 F&B flo
Slide 6: FY 2026 Results Highlights
FY 2026 RESULTS HIGHTLIGHTS • Loss mainly attributable to write-downs and impairment loss from properties revaluation which are non-cash in nature and will not impact the Group’s operating cash flow • Group’s overall financial position with business operations and trading performance remain sound FY
Slide 7: Stronger Balance Sheet and Continuing to Deleverage
STRONGER BALANCE SHEET AND CONTINUING TO DELEVERAGE FY 2025 FY 2026 Changes HK$mm FY2025 FY2026 (HK$ (HK$ (HK$ Properties & related assets1 20,484 19,288 Billion) Billion) Billion) Bank Loans at Cash & bank balances (including Group Level + Notes 1,414 2,045 cash held by securities brokers) Payable2
Slide 8: Section 2 Business Update & Highlights
Agenda Section 1 FY 2026 Financial Highlights Business Update & Section 2 Highlights Section 3 Future Strategies Appendix Overview of CSI
Slide 9: Recent Significant Events
RECENT SIGNIFICANT EVENTS Oct May Sep Jun 2024 2025 2025 2026 Jun/ Feb May Jul 2025 2026 2025 9
Slide 10: Repeated Successful Access to USD Bond Market Demonstrates Strong Investor Confidence
REPEATED SUCCESSFUL ACCESS TO USD BOND MARKET DEMONSTRATES STRONG INVESTOR CONFIDENCE Issue Highlights Transaction marks CSI’s first return to the dollar bond market since 2021 and is the first unrated Hong Kong USD bond offering since August 2024 Issuance represents our 5th bond issuance since
Slide 11: Section 3 Future Strategies
Agenda Section 1 FY 2026 Financial Highlights Section 2 Business Update & Highlights Section 3 Future Strategies Appendix Overview of CSI
Slide 12: Future Strategies
FUTURE STRATEGIES CONTINUING HKD 9b ASSET SALES PROGRAM TO RAISE LIQUDITY AND DELEVERAGE PRUDENT FINANCIAL MANAGEMENT TO STREGHTEN BALANCE SHEET AND MANAGE MATURITY PROFILE ACTIVE ASSET PORTFOLIO MANAGEMENT TO STRENGTHEN RESIDENTIAL LANDBANK AND OPTIMISE COMMERCIAL ASSETS CONTINUAL ASSET RECYCLING A
Slide 13: Solid Progress in HKD 9b Sales Program
SOLID PROGRESS IN HKD 9b SALES PROGRAM Sales and contracted sales of Group’s residential and commercial assets already over HKD 7 billion achieved (as at Jun 15, 2026) Current Project Status Residential Sales of the Topside Residences, residential units at Nos. 350-352 Nathan Road (51% stake) 258 un
Slide 14: Manage and Extend Debt Maturity Profile
MANAGE AND EXTEND DEBT MATURITY PROFILE • Continual successful rollovers of existing commercial bank loans backed by residential and commercial property assets • Secured bank loans backed by top quality property assets and well supported by commercial bank lenders • The Jan 2027 and Mar 2028 due syn
Slide 15: Solid Future Residential Pipeline Post HKD 9bn Sales Program
SOLID FUTURE RESIDENTIAL PIPELINE POST HKD 9bn SALES PROGRAM Residential 92 Repulse Bay Road Luxury detached house with GFA c. 9k+ sq.ft. completed June 2026 Redevelopment (CSI – 50%) 24 Middle Gap Road Luxury detached house with GFA c. 8k+ sq.ft. target completion 2H 2027 Redevelopment (CSI – 40%)
Slide 16: 92 Repulse Bay Road – Luxury House Redevelopment
92 REPULSE BAY ROAD – LUXURY HOUSE REDEVELOPMENT Project Highlights Current Status (Jun 2026) Unique deluxe residential detached house project at the heart of Repulse Bay overlooking the beach with permanent unblocked views CSI owns 50% of the project Site area of c. 10,000 sq ft redeveloped i
Slide 17: 24 Middle Gap Road – Luxury House Redevelopment
24 MIDDLE GAP ROAD – LUXURY HOUSE REDEVELOPMENT Project Highlights Proposed Development Unique deluxe residential detached house project at Middle Gap Road overlooking the Aberdeen Reservoir and whole South Side with permanent elevated unblocked views CSI owns 40% of the project Old luxury hou
Slide 18: 44 Stanley Village Road – Luxury Residential Redevelopment
44 STANLEY VILLAGE ROAD – LUXURY RESIDENTIAL REDEVELOPMENT Project Highlights (A) Current Status (Jun 2026) Luxury residential redevelopment project at the heart of Stanley Hilltop overlooking the beaches with permanent unblocked views CSI owns 50% of the project Magnificent site with a soon-t
Slide 19: Lai Sun Yuen Long Centre – Commercial to Residential Redevelopment
LAI SUN YUEN LONG CENTRE – COMMERCIAL TO RESIDENTIAL REDEVELOPMENT Project Highlights (A) Current Status (Jun 2026) Mass residential redevelopment project at the heart of Yuen Long/ Long Ping district close to the Northern Metropolis area CSI owns 50% of the project Site area of c. 78,000 sq f
Slide 20: 152-154 Wellington Street – Commercial to Residential Redevelopment
152-154 WELLINGTON STREET – COMMERCIAL TO RESIDENTIAL REDEVELOPMENT Project Highlights (A) Current Status (Jun 2026) Prime residential redevelopment project at the heart of Central / SOHO district CSI owns 100% of the project Site area of c. 7,000 sq ft with an approved plan to redevelop into
Slide 21: Central Crossing – Grade-A Office/ Five-Star Hotel Development
CENTRAL CROSSING – GRADE-A OFFICE/ FIVE-STAR HOTEL DEVELOPMENT Project Highlights Unique commercial development project in prime Central with c. 300k sq.ft. of Grade A (also ESG platinum-grade) office building and c. 100k sq.ft. of five-star hotel under the Hyatt Hotels brand “Andaz”, a first in H
Slide 22: Key Messages
KEY MESSAGES • Robust sales commitment of over HKD7 billion achieved • Continuous deleveraging with net debt decreased by HKD2.7 billion from FY2025 to FY2026 • Continuous successful bank loan refinancing and manage and extend maturity profile • Continue to deliver on new residential sales pipeline
Slide 23: Appendix Overview of CSI
Agenda Section 1 FY 2026 Financial Highlights Section 2 Business Update & Highlights Section 3 Future Strategy Appendix Ov erv iew of CSI
Slide 24: CSI Properties at a Glance
CSI PROPERTIES AT A GLANCE Over 20 Years history. Same management team since 2004 ~HK$14bn NAV c. 80 IRR focus in all our projects. We buy Real estate professionals. We to sell execute our own projects Our strategy is value-add and asset enhancement. Track record of 3mm+ sq.ft.1 Prime residential an
Slide 25: We Run Both Residential and Commercial Projects
WE RUN BOTH RESIDENTIAL AND COMMERCIAL PROJECTS RESIDENTIAL COMMERCIAL Build and market lifestyle residential developments Reposition, lease and monetize assets in prime areas Trendsetting, design- Strategic repositioning for yield enhancement Super luxury residential focused mass residential offeri
Slide 26: Proven Management – 20 Years Track Record
PROVEN MANAGEMENT – 20 YEARS TRACK RECORD Mr. Mico Chung Chairman, Founder and Executive Director Chairman Chung was nominated as one of the “Asia’s Business Leaders” by CNBC Asia in 2014 He has over 30 years of corporate finance and real estate experience and known for many landmark transaction
Slide 27: Portfolio of Key Properties (as at 31 Mar 2026)
PORTFOLIO OF KEY PROPERTIES (AS AT 31 MAR 2026) Commercial properties Book 1 value (HK$m) “Central Crossing” Gage Street / Graham Street commercial development (CSI – 50%) Central 13,152 “Harbourside HQ”, No.8 Lam Chak Street (CSI – 25%) Kowloon Bay 6,532 Nos. 350-352 Nathan Road (Redeveloped commer
Slide 28: Notable Residential Assets – Mass Portfolio
NOTABLE RESIDENTIAL ASSETS – MASS PORTFOLIO 1. Topside at 2. Deep Water Pavilla at 3. One Park Place at 4. 152-154 Wellington St. 5. Lai Sun Yuen Long Center No. 350 & 352 Nathan MTR Wong Chuk Hang MTR Yau Tong project Redevelopment Redevelopment to Road project Presales ongoing commenced in Jun 202
Slide 29: Notable Residential Assets – Luxury Portfolio
NOTABLE RESIDENTIAL ASSETS – LUXURY PORTFOLIO Single Luxury House Single Luxury House at No.24 Middle Gap Road (CSI – 40%) at No.92 Repulse Bay Road (CSI – 50%) GFA c. 8k sq.ft. GFA c.9k sq.ft. (In Market Soon) Luxury Houses/ Units Redevelopment “Cadenza” Villa collections on No.333 Fan Kam Road at
Slide 30: Prime Commercial Assets in Central
PRIME COMMERCIAL ASSETS IN CENTRAL 2. DL Tower 92-96 Wellington Street c.43k sqft GFA Comm’l Redevelopment (CSI: 50%) (10 floors sold 3. FOCO strata already) 46/48 Cochrane Street. c.32k sqft GFA Completed Comm’l Building PMQ Core Central 1 2 MTR SoHo Station 3 4 Tai Kwun Heritage 1. Central Crossin
Slide 31: Commercial Assets in Kowloon
COMMERCIAL ASSETS IN KOWLOON Harbourside HQ Capital Tower Novotel Redevelopment Kowloon East 38 Wai Yip Street 350/352 Nathan Rd, Jordan Hong Kong Health Check c.680K sqft Office Kowloon East c. 254K sqft Commercial/ Residential Tower (previously (CSI: 25%) c.607K sqft Office Mixed Redevelopment (CS
Slide 32: Retail Portfolio in Shanghai
RETAIL PORTFOLIO IN SHANGHAI China —— c. 244K sq.ft. fully-renovated, re-tenanted high-street retail podiums in prime locations in Shanghai Puxi In Point 四季汇 No. 169 Wujiang Rd. Pedestrian Walk c.122k sq.ft. Street-front Primely located retail mall opposite to Taikoo Hui c. 90% occupancy Richgate Pl