Langham Hospitality Investments Ltd. · HKEX:1270
Langham Hospitality Investments — H1 2025 Earnings Presentation
14 slides from Langham Hospitality Investments's earnings presentation, Aug 12, 2025
Slide 1: Interim Results 2025
2025 INTERIM RESULTS Dated: 12 August 2025 Stock code: 1270
Slide 2: Contents
CONTENTS Highlights Hotel Operating Performance Revenue Breakdown by Hotel 1H 2025 Financial Information Outlook 2
Slide 3: Highlights
HIGHLIGHTS Hotel Portfolio: ➢ Our hotel portfolio (the “Hotels”) successfully maintained the average room rates ("ADR") at HK$1,561 per night, consistent with the previous period, despite a marginal decline in occupancy to 88.4%, down 1.4 percentage points year-over-year. This slight contraction in
Slide 4: Highlights (Con't)
HIGHLIGHTS (CON’T) Trust Group (con't): ➢ After adjusting all non-cash items and cash contribution to furniture, fixtures and equipment reserve, total distribution income amounted to HK$28.0 million. Given the Hotels’ uncertain operating outlook and the volatile interest rate environment, the Boards
Slide 5: Hotels Operating Performance for Interim 2025
HOTELS OPERATING PERFORMANCE FOR Average INTERIM Room 2025 Average Daily RevPAR Occupancy Rate Rooms Available (in HK$) (in HK$) 1H 2025 1H 2024 1H 2025 1H 2024 1H 2025 1H 2024 1H 2025 1H 2024 The Langham, Hong Kong 498 498 85.6% 87.7% 1,950 1,947 1,669 1,707 Cordis, Hong Kong 669 667 89.2% 92.3% 1,
Slide 6: Revenue Breakdown by Hotel
REVENUE BREAKDOWN BY HOTEL The Langham, Cordis, HK$ million Hong Kong Hong Kong Eaton HK Total Rooms 150.4 172.4 84.5 407.3 Food & Beverages 94.8 125.4 90.7 310.9 Others 2.4 8.1 8.8 19.3 Total Revenue 247.6 305.9 184.0 737.5 The Langham, Cordis, Year-on-year change Hong Kong Hong Kong Eaton HK Total
Slide 7: 1H 2025 Financial Information
1H 2025 FINANCIAL INFORMATION 7
Slide 8: Net Property Income
NET PROPERTY INCOME HK$ million 1H 2025 1H 2024 Change Fixed rental income 111.6 111.9 -0.3% Variable rental income 108.5 116.2 -6.6% Rental income from retail shops 0.8 0.9 -11.1% Total rental income before service fees 220.9 229.0 -3.5% Service fees expenses (36.1) (37.9) -4.7% Total rental income
Slide 9: Profit Attributable to Holders of Share Stapled Units
PROFIT ATTRIBUTABLE TO HOLDERS OF SHARE STAPLE UNITS HK$ million 1H 2025 1H 2024 Change Net property income 173.9 180.9 -3.9% Interest and other income 4.2 2.0 110.0% (Decrease)/increase in fair value of investment properties (hotel portfolio) (143.3) 37.4 n.m. Change in fair value of derivative fin
Slide 10: Distributable Income
DISTRIBUTABLE INCOME HK$ million 1H 2025 1H 2024 Change (Loss)/profit attributable to Holders of Share (142.2) 43.0 n.m. Stapled Units Adjustments: Decrease/(increase) in fair value of investment properties 143.3 (37.4) n.m. Change in fair value of derivative financial instruments 27.3 (15.9) n.m. C
Slide 11: Finance Costs
FINANCE COSTS HK$ million 1H 2025 1H 2024 Change Breakdown of finance costs Interest expense on bank borrowings (122.2) (162.1) -24.6% Net interest on interest rate swaps (8.3) 4.2 n.m. Underwriting/loan extension fee amortisation (6.8) (4.7) 44.7% Others borrowing costs (0.4) (0.2) 100.0% Total fin
Slide 12: Financial Position
FINANCIAL POSITION HK$ million 30 Jun 2025 31 Dec 2024 30 Jun 2024 Gross value of hotel portfolio 15,764.0 15,895.0 15,725.0 Total gross assets 16,087.4 16,238.3 15,917.2 Total outstanding borrowings 6,201.6 6,204.6 6,059.1 Gearing ratio 38.5% 38.2% 38.1% Net asset value per Share Stapled Unit HK$2.
Slide 13: Outlook
OUTLOOK ➢ The broader macroeconomic environment remains clouded by escalating geopolitical tensions, uncertainties in global trade and tariff regimes, and shifting consumer behaviors. These factors continue to reshape the competitive landscape, requiring our Hotels to remain agile and responsive. ➢
Slide 14: Thank You
THANK YOU For enquires from investors or Holders of Share Stapled Units, please email to enquiry@langhamhospitality.com 14
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