Hongkong Land Holdings Limited · SGX:H78
Hongkong Land — BofA Securities Global Real Estate Conference 2025
31 slides from Hongkong Land's conference presentation, September 2025
Slide 1: Experience is central
Experience is central BofA Securities Global Real Estate Conference September 2025
Slide 2: Agenda
Agenda 01 About Us 02 Our Strategy 03 2025 Interim Results Highlights 04 Operational Update
Slide 3: About Us
Hongkong Land Hongkong Land Corporate Profile About Us 3 About Us
Slide 4: Our vision
Hongkong Land Hongkong Land Corporate Profile About Us 4 Our vision We believe city centres are the ultimate source of connection, inspiration and motivation
Slide 5: Our strategic mission
Hongkong Land Hongkong Land Corporate Profile About Us 5 Our strategic mission We create experience-led city centres that unlock value for generations
Slide 6: Owner-Operator with Extensive Resources & Expertise
Hongkong Land Hongkong Land Corporate Profile About Us 6 Owner-Operator with Extensive Resources & Expertise Member of 136 years No. 1 Jardine Matheson Group Track record in developing and managing Largest landlord in Hong Kong’s prime A diversified Asian-focused group with a portfolio of market- ex
Slide 7: History & Milestones
Hongkong Land Hongkong Land Corporate Profile About Us 7 History & Milestones Founded in 1889, Founding of Our The First Mandarin Completion of our iconic Kick-start of Announced new Hongkong Land Company Oriental hotel Jardine House Westbund Central strategy specialises in development in experience
Slide 8: Extensive Regional Presence
Hongkong Land Hongkong Land Corporate Profile About Us 8 Our Flagship Portfolio1 Extensive Regional Presence Central, Hong Kong Best-in-class developer with an extensive portfolio of Our heritage & showcase of a world- prime properties investment and build-to-sell covering class ecosystem 15 major c
Slide 9: Strong Financial Position and Prudent Capital Management
Hongkong Land Hongkong Land Corporate Profile About Us 9 Strong Financial Position and Prudent Capital Management Hongkong Land maintains a healthy balance sheet and debt levels Net Debt Available Liquidity Gearing US$4.9bn US$3.1bn 17% Weighted Average Average Tenor of Debt Credit Ratings Borrowing
Slide 10: Aspiring Towards Sustainable Leadership with 2030 Key Targets
Hongkong Land Hongkong Land Corporate Profile About Us 10 Aspiring Towards Sustainable Leadership and Creating Long-term Value for Our Stakeholders with 2030 Key Targets 46.2% 100% 100% 50:50 Absolute Scope 1 and of wholly-owned leasing of supply chain gender balance 2 greenhouse (GHG) portfolio Ope
Slide 11: Our Strategy
Hongkong Land Hongkong Land Corporate Profile Our Strategy 11 Our Strategy
Slide 12: Strategic Vision 2035
Hongkong Land Hongkong Land Corporate Profile Our Strategy 12 Strategic Vision 2035 “To become the leader in Asia’s gateway cities focused on ultra-premium integrated commercial properties” New Investments: Simplify Portfolio: Portfolio Anchors: Ultra-premium integrated No new investments in standal
Slide 13: Four Areas of Strategic Focus
Hongkong Land Hongkong Land Corporate Profile Our Strategy 13 Four Areas of Strategic Focus Capital management Focus on returns on capital; excess capital returned to shareholders Hongkong Land Ultra-premium gateway Portfolio recycling Portfolio assets Portfolio of ultra- Exit non-core businesses an
Slide 14: UPICPs Outperform Broader Market in APAC Gateway Cities
Hongkong Land Hongkong Land Corporate Profile Our Strategy 14 UPICPs Outperform Broader Market in APAC Gateway Cities UPICP Rent Performance Index2, 3, 4 UPICPs Non-UPICPs within 1km radius All non-UPICPs • Ultra-premium integrated commercial 130 properties (UPICP) outperformance1 through up and dow
Slide 15: Strategy in Action - Capital Recycling and Share Buyback
Hongkong Land Hongkong Land Corporate Profile Our Strategy 15 Strategy in Action - Capital Recycling and Share Buyback Capital recycled to date, US$bn 2027 target 33% US$0.4bn of US$4bn CHINESE 2027 target MAINLAND 2.7 achieved to build-to-sell Westbund Central, Shanghai date US$0.8bn HONG KONG One
Slide 16: Strategy in Action - Recent Transaction with the HKEX
Hongkong Land Hongkong Land Corporate Profile Our Strategy 16 Strategy in Action - Recent Transaction with the HKEX One of the largest commercial office deals in recent years, achieving HK$42,850 psf saleable area Purchase price HK$6.3bn (c.US$810m) Iconic home for HKEX Capex – A permanent headquart
Slide 17: Strategy in Action - Tomorrow's CENTRAL
Hongkong Land Hongkong Land Corporate Profile Our Strategy 17 Strategy in Action - Tomorrow’s CENTRAL US$1 billion Transformation of LANDMARK into a global ultra-luxury destination at the heart of Central, Hong Kong • Featuring 10 multi-storey Maison destinations, over 30 new F&B offerings, a jewell
Slide 18: Strategy in Action – Westbund Central, Shanghai
Hongkong Land Hongkong Land Corporate Profile Our Strategy 18 Strategy in Action – Westbund Central, Shanghai Westbund Central is Shanghai’s newest and most vibrant ultra-premium mixed-use neighbourhood on a prominent waterfront setting in the heart of the Xuhui district. Comprising a total gross fl
Slide 19: Strategy in Action – Aligning Incentives & Driving High Performance Culture
Hongkong Land Hongkong Land Corporate Profile Our Strategy 19 Strategy in Action – Aligning Incentives & Driving High Performance Culture LTIP Revitalised STIP • 100% share-based; five-year performance period (2025 – 2029) • Effective for financial year 2025 • Progressive vesting over three years (2
Slide 20: 2025 Interim Results Highlights
Hongkong Land Hongkong Land Corporate Profile 2025 Interim Results Highlights 20 2025 Interim Results Highlights
Slide 21: 2025 Interim Financial Highlights
Hongkong Land Hongkong Land Corporate Profile 2025 Interim Results Highlights 21 2025 Interim Financial Highlights Underlying Profit Underlying EPS NAV Per Share (ex. China non-cash provisions) (ex. China non-cash provisions) +0.4% vs 31 Dec 24 +11% YoY +12% YoY $13.62 $320m ¢14.56 $13.57 $288m ¢13.
Slide 22: Operational Update
Hongkong Land Hongkong Land Corporate Profile Operational Update 22 Operational Update
Slide 23: Hong Kong Office
Hongkong Land Hongkong Land Corporate Profile Operational Update 23 Hong Kong Office Healthy increase in enquiries in 1H 2025, with strong rental and occupancy relative to market 1H 2025 average net rent Period-end occupancy Signs of stabilisation on net positive absorption and narrowing (HK$ psf/mo
Slide 24: Hong Kong Retail - LANDMARK
Hongkong Land Hongkong Land Corporate Profile Operational Update 24 Hong Kong Retail - LANDMARK Positive rent reversions; continued growth in ultra-high net worth spend despite ongoing renovation Top-tier customers tenant sales performance, 1H 2025 vs.1H 2024 HK$220 8% 97.0% 7% Top 70 customers Aver
Slide 25: Singapore Office
Hongkong Land Hongkong Land Corporate Profile Operational Update 25 Singapore Office Strong performance driven by quality offering and limited supply S $11.4 98.0% 3.6 Average gross rent Period-end occupancy Weighted average lease expiry (years) (psf/month) 3% vs 2H 2024 (98.8% on a committed basis)
Slide 26: Appendices
Hongkong Land Hongkong Land Corporate Profile Appendices 26 Appendices
Slide 27: Central, Hong Kong
Hongkong Land Hongkong Land Corporate Profile Appendices 27 c. 4.0m sq. ft. of c. 457,000 sq. ft. of 111-key Landmark Portfolio valuation: Central, Hong Kong office luxury retail Mandarin Oriental Hotel ~US$22 billion The Central Portfolio consists of 12 interconnected prime commercial buildings for
Slide 28: Marina Bay, Singapore
Hongkong Land Hongkong Land Corporate Profile Appendices 28 c. 4.4 million sq. ft. of c. 260,000 sq. ft. of Portfolio valuation: Marina Bay, Singapore prime office retail ~US$11.3 billion (100% basis) (100% basis) (100% basis) In Singapore, Hongkong Land’s prime commercial property portfolio is stra
Slide 29: Westbund Central, Shanghai
Hongkong Land Hongkong Land Corporate Profile Appendices 29 c. 7.0 million sq. ft. of c. 2.6 million sq. ft. of 1 Mandarin Oriental Hotel Total investment and 1 branded Westbund Central, Shanghai prime office retail ~US$8 billion residence Westbund Central (WBC) is the Group’s largest-ever single in
Slide 30: Thank you
Li irl Hongkong Land Thank you hkland.com
Slide 31: Established 1889
Established 1889
Hongkong Land Holdings — BofA Securities Global Real Estate Conference 2025 on 6ix