Hysan Development Co., Ltd. · HKEX:14
Hysan Development — H1 2024 Earnings Presentation
21 slides from Hysan Development's earnings presentation, Aug 23, 2024
Slide 1: 2024 Interim Results Analyst Briefing
2024 INTERIM RESULTS ANALYST BRIEFING Hysan Development Company Limited 23 August 2024
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: Our Visionary Rejuvenation
Our Visionary Rejuvenation 3
Slide 4: The Rejuvenated Lee Gardens
The Rejuvenated Lee Gardens Destination for now & generations to come Sustainable & Resilient Commitment from Hysan Avenue Spending Power Luxury Flagships Boulevard of Elegance Club Avenue 10+ Expanded & New Maisons Full-range luxury experience of 40% spending growth since 2018 Major investments fro
Slide 5: Unique Community #URBANHOOD
Unique Community #URBANHOOD Authentic HK Experience: Vibrant Heart of HK: Ever-evolving Trendsetter: 100 Years of Heritage Curated Contrast & Diversity, 200+ Brands & 100+ Events Appealing to Locals and Tourists Offering Choices for Every Year, Igniting Culture in Style, 100K+ People Each Day Livin
Slide 6: A Fully Connected Lee Gardens by 2026
A Fully Connected Lee Gardens by 2026 Pleasant Journey An All-Weather Walkway Neighbourhood, Integrating Hysan the Lee Gardens Community within an 8-minute Walk Place Covered Walkway Lee Garden Two 8-min Pedestrian Lee Garden Link System One Lee Garden Lee Five Theatre Footbridges One Hysan Lee Gard
Slide 7: Lee Garden Eight
Caroline Hill Road Project Lee Garden Eight Premium addition to Lee Gardens 30% Area Expansion Pioneering Green Cutting-Edge Sustainability Green-Centric Retail and Office 7
Slide 8: Lee Gardens Shanghai
Lee Gardens Shanghai Strong Start Prime Corporate Hub for Quality Tenants 70% Office area committed for lease A prestigious mix of international tenants: financial institutions, luxury brands, and elite professional firms 8
Slide 9: IWG GBA Flex
IWG GBA Flex One of the largest co-working networks in GBA 4 Brands | 36 Centres and Growing Strong occupancy Flexible space has become an integral part of the modern office ecosystem 9
Slide 10: Key Milestones
Key Milestones 2020 2021-23 2024 2025/26 Define and formulate Swift execution to Unleashing new revenue Fully connected our strategy for the secure opportunities engines: Rejuvenated Lee Gardens with addition new normal and long-term Lee Gardens and Pillar of Lee Garden Eight and partnerships Invest
Slide 11: Review of Business Performance and Operation
Review of Business Performance and Operation 11
Slide 12: 2024 Interim Results
2024 Interim Results Revenue (HK$M) Period-end Occupancy +5.9% HK Retail HK Office Residential 1,693 1,611 -0.7% 1,599 95 % (2023 Dec : 97%) 89 % 68% (2023 Dec : 89%) (2023 Dec : 60%) 762 844 HK Retail Revenue : +10.8% Y.o.Y / +9.5% H.o.H 771 +1% +9.5% • Reopening of rejuvenated area 104 105 • Posit
Slide 13: Lee Gardens Rejuvenation Starting to Bring Results
HK Retail Lee Gardens Rejuvenation HK Retail Revenue Occupancy Starting to Bring Results 10.8% 95% Transformed and expanded luxury flagships along VS 1H 2023 Hysan Avenue together with exciting concepts throughout Hysan Place were launched in 1H 2024 Hysan Tenant Sales Trend (2021 - 2024) Expanding
Slide 14: Expanded Loyalty Programme
HK Retail Expanded Loyalty Programme Member Spending Contribution to Sales Member Spending 38% 13% $1.6M VS 2018 VS 2018 Avg. per Top Tier Member Balanced Contribution Re-activate and recruit with our new App Across Member Tiers launch New Hy! Membership • 60K+ members recruited in 6 weeks Diversifi
Slide 15: Unique Position Supports Resilient Occupancy
HK Office Unique Position Supports HK Office Revenue Occupancy Resilient Occupancy 2.8% VS 1H 2023 89% Continued efforts to diversify our tenant mix and Office Tenant Profile by Area (as at 30 June 2024) retain key tenants Others Banking, 15.8% Wealth Management & Stable occupancy. Leveraging premiu
Slide 16: Urban Jam Festival Drove 600k+ Organic Traffic
The five-day Urban Jam Festival has driven 600k+ organic traffic to the Lee Gardens Area 16
Slide 17: Financial Management
Financial Management
Slide 18: Financial & Capital Management
Financial & Capital Management Shareholders’ Fund HK$ 66.8b (-0.6%) NAV per share HK$ 65.0 (-0.6%) HK$ 0.27 (flat) DPS 18
Slide 19: Financial & Capital Management
Financial & Capital Management Debt Maturity Profile as at 30 Jun 2024 Key Financial Metrics (HK$ m) Net Gearing Effective Interest Rate Secured bank loan (MI) 3,165* Secured bank loan Unsecured bank loans 29.9% 4.4% Medium term notes Fixed Rate Debt Ratio Average Debt Maturity 4,747 600 58:42 3.9 y
Slide 20: Indicative Cap Rates
Indicative Cap Rates 30 Jun 2024 31 Dec 2023 Retail 5.25% - 5.50% 5.25% - 5.50% Office 4.25% - 5.00% 4.25% - 5.00% Residential 3.75% 3.75% 20
Slide 21: 孜孜不倦 愚公不愚
孜孜不倦 愚公不愚
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