Soundwill Holdings Limited · HKEX:878
Soundwill — 1H 2025 Earnings Presentation
26 slides from Soundwill's earnings presentation, August 2025
Slide 1: Interim Results
*For identification purpose only ���� Interim Results
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Soundwill Holdings Limited (the“Company”) solely for information purposes and does not constitute an offer, recommendation or invitation to subscribe for or purchase any securities and nothing contained herein shall form the basis of any contract or c
Slide 3: Company Overview
Company Overview About Soundwill (as at 21 Aug 2025) Stock code : 878.HK Listing date : March 1997 No. of issued shares : 283,308,635 shares Share price : HK$6.02 Market cap : HK$1.70 billion Stock Price Performance Stock Price Million shares P.3
Slide 4: Company Overview
Company Overview A niche property play in Hong Kong with proven track record in property redevelopment - Completed more than 100 redevelopment projects since its inception 30 years ago - Mainly focused on buildings with high potential redevelopment value in Hong Kong - Actively participated in urban
Slide 5: Milestone
Milestone Causeway Bay Wan Chai 1954 Soundwill Plaza 2004 Soundwill Plaza II Kai Kwong Midtown Commercial Building 2010 Park Haven 2010 THE SHARP Tai Hang Kwai Chung Jones Hive WarrenWoods 2014 iPLACE iCITY P.5
Slide 6: Soundwill's Footprint
Soundwill’s Footprint Industrial Residential Commercial Property Investment P.6
Slide 7: Property Redevelopment Strategies
Property Redevelopment 5 years or above Strategies 3-5 years 1-3 years - Property investment & leasing - self-development of commercial properties in prime areas - Property Development - self-development of residential / commercial / industrial properties - Sale of un-developed land for resale sites
Slide 8: Interim Results
���� Interim Results *For identification purpose only
Slide 9: Earnings
Earnings FY 2024 1H 2025 1H 2024 Change 849 Revenue (HK$ mil) 1,230 181 1,030 82% 839 -Property Development 875 7 846 99% 2 -Building Management & Other Services 23 12 10 20% 12 -Property Leasing 332 162 174 7% 261 Adjusted Profit* (HK$ mil) 407 86 347 75% 1.28 Basic Loss Per Share (HK$) (8.80) (4.7
Slide 10: Revenue by business segments
Revenue by business segments Property Leasing 90% (27%) Building Management Property & Other Services Development 6% (2%) 4% (71%) (Comparative figures of FY2024 in parentheses) Revenue composition - Property development: Sales of properties under development - Property leasing: Rental, signage rent
Slide 11: Net Asset Overview
Net Asset Overview NAV/share (HK$) 72.7 72.0 (-1.0%) 69.0 (-4.2%) 70.0 67.7 (-1.9%) 65.2 (-3.7%) 60.0 55.3 (-15.2%) 50.6 (-8.5%) 50.0 0.0 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 1H2025 P.11
Slide 12: Balance Sheet Highlights
Balance Sheet Highlights 30 Jun 2025 31 Dec 2024 As at Change (HK$ mil) (HK$ mil) Total assets 16,617 17,975 -7.6% Net assets 14,345 15,677 -8.5% Cash and bank deposit 1,140 1,151 -1.0% Total borrowings 1,350 1,360 -0.7% Gearing ratio* 9% 9% No change Net of cash gearing ratio # 1.5% 1.3% +0.2 p.p *
Slide 13: Business Overview
Business Overview *For identification purpose only
Slide 14: Grade-A Investment Portfolio - Commercial
Grade-A Investment Portfolio - Commercial Top class rental property in the prime location of Causeway Bay 銅鑼灣港鐵站B出口 Causeway Bay MTR Exit B Hennessy Rd. 軒尼詩道 Soundwill Plaza, Causeway Bay 道 尼詩 d. 軒 sy R nes 希慎廣場 Hen - Total leasing GFA : 245,105 sq. ft. Hysan Place - Prime location in one of the wor
Slide 15: SWP Current Tenants (as at 30 Jun 2025)
SWP Current Tenants (as at 30 Jun 2025) 3 - 39/F Street level P.15
Slide 16: Grade-A Investment Portfolio - Commercial
Grade-A Investment Portfolio - Commercial Top class rental property in the prime location of Causeway Bay New Rental Income Growth Driver 銅鑼灣港鐵站B出口 Causeway Bay MTR Exit B Hennessy Rd. 軒尼詩道 尼 詩道 d. 軒 sy R nes 希慎廣場 Hen Hysan Place Soundwill Plaza II - Midtown, Causeway Bay 道 尼詩 Per d. 軒 g St. yR Lun
Slide 17: MT Current Tenants (as at 30 Jun 2025)
MT Current Tenants (as at 30 Jun 2025) 1 - 30/F Street level P.17
Slide 18: Membership Rewards Program
Membership Rewards Program Soundwill Club - Established a multi-platform for publicity activities that products and services offered by tenants would be launched with their peculiar characteristics. - Optimized to enhance the customer experience of online sales with a simpler, more convenient and fa
Slide 19: Grade-A Investment Portfolio - Commercial
Grade-A Investment Portfolio - Commercial Investment property 10 Knutsford Terrace, Tsim Sha Tsui - Total leasing GFA : approx.114,000 sq. ft. - New leasing specifications GFA Occupancy Floor (sq. ft.) rate* G/F - 3/F 20,000 75.38% 4/F - 23/F 94,000 68% Total 114,000 69.33% *As at 30 Jun 2025 Kai Kw
Slide 20: Grade-A Investment Portfolio - Commercial
Grade-A Investment Portfolio - Commercial Investment property THE SHARP, Causeway Bay (G/F retail space retained for investment purpose) - Total leasing GFA : approx.5,968 sq. ft. - New leasing specifications GFA Occupancy Floor (sq. ft.) rate* G/F - 2/F 4,570 100% Shops 1-3 G/F Shop A 1,398 100% To
Slide 21: Land Bank & Development Timeline
Land Bank & Development Timeline Project location Development plan Causeway Bay - Commercial development 42, 44 Yiu Wa St. and 28-29 Canal Road East - Site area: 2,952 sq. ft. 耀華街��, ��號及堅拿道東��-��號 - GFA: 44,000 sq. ft. Project location Development plan Kwai Chung - Industrial development 13-17 Wah
Slide 22: Sustainability
Sustainability *For identification purpose only
Slide 23: Green Involvement
Green Involvement Green Investment P.23
Slide 24: Green Investment
| SHRBREERAA P24 SOUNDWILL H (OLDINGS LIMITED
Slide 25: Appendix
Appendix *For identification purpose only
Slide 26: Shareholding / Corporate Structure
Shareholding / Corporate Structure Chairman Other Public CHAN Hing Tat Shareholders *74.94% 25.06% ** Property and Property Property Building Management Leasing Development No. of issued shares : 283,308,635 shares (as at 21 Aug 2025) *approximately 74.94% held by a trust, in which the Chairman is a