Hysan Development Co., Ltd. · HKEX:14
Hysan Development — H1 2026 Earnings Presentation
28 slides from Hysan Development's earnings presentation, Aug 13, 2026
Slide 1: 2026 Interim Results Analyst Briefing
2026 INTERIM RESULTS ANALYST BRIEFING Hysan Development Company Limited 13 August 2026
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 compiled in good faith by Hy
Slide 3: Achieved Solid Results with Resilience in a Demanding Landscape
Achieved Solid Results with Resilience in a Demanding Landscape Turnover Recurring Underlying (to view) Profit Underlying Profit STABLE* 1.7% 7.4% VS 1H 2025 VS 1H 2025 VS 1H 2025 Retail Office Residential 1.4 % VS2025 2024 0.5 % 15.3 %* VS 1H VS 1H 2025 VS 1H 2025 * Normalising for Bamboo Grove uni
Slide 4: Vision Realised: The Lee Gardens Rejuvenation
Vision Realised: The Lee Gardens Rejuvenation Delivering Market-leading Growth Since 2023 15% Retail Revenue (1H 2026 VS 1H 2023) 22% Prime Rent per sq ft (1H 2026 VS 1H 2023) FULL To Pre-COVID RECOVERY Sales & Prime Rent (Jun 2026) Vision Inception Transformation …Connection 2022 2023 2024 2025 202
Slide 5: Unique Strengths Drive Strong Performance
Unique Strengths Drive Strong Performance Authentic Culture & Luxury + Trendsetting Experiences Tenant Sales Traffic 17% 8% VS 1H 2025 VS 1H 2025 High-Teens YoY Growth Sustained Growth Trend in 1H 2026 4
Slide 6: Positioning as "Home of Luxury" Continues to Gain Depth
Positioning as “Home of Luxury” Continues to Gain Depth ROLEX VAN CLEEF & ARPELS BVLGARI Lee Garden DIOR Two MIKIMOTO CHAUMET RIMOWA FRED CARTIER Lee Garden CHANEL LV One HERMES Lee Garden Five One Hysan Avenue Lee Garden Three TIFFANY & CO. 5
Slide 7: Experience-led Retail: Asset Enhancement + Content Curation
Experience-led Retail: Asset Enhancement + Content Curation Lee Gardens Rejuvenation: Large-scale Harvest Phase Experiential Offerings with Unique Appeal “Home of Luxury”: Luxury Flagship Maisons along Hysan Avenue and Yun Ping Road Louis Vuitton x Bar Leone: Tiffany & Co. Iconic Blue Box Café “Tren
Slide 8: Community Engagement: Storytelling + Relevant and Authentic Experiences
Community Engagement: Storytelling + Relevant and Authentic Experiences Hong Kong’s Authentic Culture and Creative Arts Street Concerts Canto movie soundtracks performed by Chinese Orchestra Night Parade Illuminated giant puppets created by local artists Canto Culture Themed Festival Public Art Inst
Slide 9: Lee Gardens: Appealing Office Destination for New Economy
Lee Gardens: Appealing Office Destination for New Economy Traditional Office Space Flexible Co-working Solutions Full-range Office Offerings 8
Slide 10: Lee Garden Eight: A Human-Centric Hub for Work, Play, Life
Lee Garden Eight: A Human-Centric Hub for Work, Play, Life Slated On forfor Target Completion in in Completion Q4Q4 2026; Expanding 2026; Lee Expanding Gardens Lee GardensLeasable LeasablePortfolio Portfolioby by30% 30% Quality Tenants Secured for both Retail and Office Segments 9
Slide 11: Lee Garden Eight: A Leader in Sustainable Development
Lee Garden Eight: A Leader in Sustainable Development Prestigious Industry Awards Grand Award 5-Star Award Silver Award Projects Under Construction Best Commercial Best New Development and/or Design – Commercial Renovation/Redevelopment Hong Kong – Development Achieved Highest Sustainable Building A
Slide 12: Integrated Pedestrian Walkway System: All-Weather Walkable Neighbourhood
Integrated Pedestrian Walkway System: All-Weather Walkable Neighbourhood 5 Footbridges + 1 Covered Walkway to be Fully Operational by Q4 2026 Victoria Park Hysan Place Lee Garden Covered Walkway: Operational by Q4 2026 Two LG2-LG5: Operational by Q3 2026 Lee Garden Times One Lee Lee Square Theatre G
Slide 13: Strategic Pillars: Contribute to Business and Geographic Diversification
Strategic Pillars: Contribute to Business and Geographic Diversification Lee Gardens Shanghai The World’s Leading Healthcare Investment Flex Operator IWG New Frontier Group High-quality tenant mix creates Steady growth with 54 centres Sustained business growth a rich business and social scene across
Slide 14: Creating Sustainable Shareholder Value
Creating Sustainable Shareholder Value Total Shareholder Return1 Bamboo Grove NAV Uplift Capital Recycled (Past 3 Years) (Since 2025) (Since 2025) 28.7% HK$3.7B HK$4.5B Sector 1 & 2: 13.4% +44% vs. pre-launch book value 56% of 2030 target • A testament to Hysan’s • Capitalising on an uptick in the •
Slide 15: Review of Business Performance and Operation
Review of Business Performance and Operation
Slide 16: 2026 Interim Results
2026 Interim Results Revenue (HK$M) Period-end Occupancy HK Retail HK Office Residential 1,730 1,734 1,728 96 % 93 % 90% (2025 Dec : 95%) (2025 Dec : 94%) (2025 Dec : 87%) HK Retail Revenue : +1.2% YoY / +1% HoH 851 +0.2% 853 +1.0% 861 • Positive rental reversion HK Office Revenue : -1.3% YoY / -1.4
Slide 17: Lee Gardens: A Living Stage for Brand Storytelling and Lifestyle Discovery
HK Retail Portfolio Tenant Sales Occupancy Lee Gardens: A Living Stage for Brand Storytelling and 17% 96% VS 1H 2025 (2025 Dec: 95%) Lifestyle Discovery Alongside base rent improvements, turnover rent Placemaking and diversified retail & dining offerings to ensure increased by 8% YoY, reflecting str
Slide 18: Quality of Loyal Member Base
HK Retail Portfolio Quality of Loyal Member Base Member Spending Number of Club Avenue Member Sales of Single Transactions Over HK$100,000 25% 23% 33% VS 1H 2025 VS Jun 2025 VS 1H 2025 Club Avenue Membership hy! Membership Dual-engine CRM Strategy • • Deepen strategic partnerships Attract high-net-w
Slide 19: Immersive Marketing Campaigns to Engage and Build Emotional Ties
HK Retail Portfolio Immersive Marketing Campaigns to Engage and Build Emotional Ties 120+ Promotional Campaigns and Events in 1H 2026 50+ Strategic Partners Engaged in 1H 2026 18
Slide 20: Hysan Place as a Trendsetter: Gateway for Brand Debuts
HK Retail Portfolio Hysan Place as a Trendsetter: Gateway for Brand Debuts 19
Slide 21: Premium Office Space with Defended Occupancy c.70%
HK Office Portfolio Tenant Retention Occupancy Premium Office Space c.70% 93% with Defended Occupancy as at 30 Jun 2026 (2025 Dec: 94%) Office Tenant Profile by Area (as at 30 Jun 2026) Lee Gardens offers quality office environment, a well-established community ecosystem and convenient transport con
Slide 22: Capital Recycling: Good Progress to HK$8B Target
Capital Recycling: Good Progress to HK$8B Target Bamboo Grove VILLA LUCCA • $8B target over 5-year; $4.5B collected within one year since the launch in Aug 2025 Cumulative proceeds ($’bn) 56% • Ahead of schedule with strong execution and visible pipeline 0.5 8.0 • Contributed to deleveraging and imp
Slide 23: Financial Management
Financial Management
Slide 24: Financial & Capital Management
Financial & Capital Management Shareholders’ Fund HK$ 65.3B (-0.3%) NAV per share HK$ 63.6 (-0.2%) (flat) DPS HK$ 0.27 23
Slide 25: Financial & Capital Management
Financial & Capital Management Debt Maturity Profile as at 30 Jun 2026 (HK$ m) Key Financial Metrics Secured bank loan (MI) Net Gearing Effective Interest Rate Secured bank loans 3,898* Medium term notes Unsecured bank loans 30.9% 3.5% Fixed Rate Debt Ratio Average Debt Maturity 5,846 53% 2.4 years
Slide 26: Indicative Cap Rates (Unchanged)
Indicative Cap Rates (Unchanged) 30 Jun 2026 31 Dec 2025 Retail 5.25% - 5.50% 5.25% - 5.50% Office 4.25% - 5.00% 4.25% - 5.00% Residential 3.00% 3.00% 25
Slide 27: Outlook
Outlook
Slide 28: Embracing Tomorrow Charting New Horizons
Embracing Tomorrow Charting New Horizons
Hysan Development Company — H1 2026 Earnings Presentation on 6ix