Slide 1: Hysan Development 2015 Annual Results Press Conference
Hysan Development 2015 Annual Results Press Conference 希慎興業 2015年全年業績 新聞發佈會 8. 3. 2016
Slide 2: Remarks by Ms. Irene Yun Lien Lee, Chairman
Remarks by Ms. Irene Yun Lien LEE Chairman 主席利蘊蓮女士 簡介 2015 年全年業績摘要 2
Slide 3: 2015 Annual Results Highlights
2015 Annual Results Highlights 2015年全年業績摘要 ● Turnover up 6.4% year-on-year; Recurring Underlying Profit up 5.5% ● Strong office and solid retail performances ● 2015 total distribution of dividends is HK132 cents per share, up 7.3% ● 營業額按年上升6.4%；經常性基本溢利上升5.5% ● 寫字樓業務表現強健；商舖業務表現穩固 ● 2015全年股息總額為每股132港仙
Slide 4: 2015 Annual Results Highlights (con't)
2015 Annual Results Highlights (con’t) 2015年全年業績摘要（續） ● In a worldwide context, 2015 was more volatile and difficult than expected due to economic and political factors ● Locally, decline in retail sales, especially in the luxury sector, gathered pace ● A stronger commercial office market was aided
Slide 5: 2015 Annual Results Highlights (con't)
2015 Annual Results Highlights (con’t) 2015年全年業績摘要（續） ● Hysan anticipated retail market would normalise after past decade’s strong growth ● Pursued strategy of diversification by pivoting portfolio towards mid to affordable market ● Leveraged on children’s offerings and in sport and lifestyle produc
Slide 6: 2015 Annual Results Highlights (con't)
2015 Annual Results Highlights (con’t) 2015年全年業績摘要（續） ● Continued to fine-tune positioning of three hubs: each represents approximately one-third of our retail portfolio in size ● Provided unique and satisfying experience (U.S.E.) to delight and surprise tenants, shoppers and other visitors ● 繼續調整三個
Slide 7: 2016 Outlook
2016 Outlook 2016 展望 ● 2016 will see continued adjustments, particularly in high-end retailing ● Volatility in currency and equity markets, and a slower China growth will contribute to a challenging year ● 2016年，本港市場，尤其是高級零售業將持續處於調整階段 ● 貨幣及股票市場波動以及中國增長放緩，均會帶來挑戰 7
Slide 8: 2016 Outlook (con't)
2016 Outlook (con’t) 2016 展望（續） ● Hysan’s resilience comes from its diversified and balanced portfolio, as well as balance sheet strength ● The Group is uniquely placed to capture opportunities as Hong Kong benefits from the continuing development of China ● Hysan will deliver another year of steady
Slide 9: Presentation by Mr. Siu Chuen Lau, Deputy Chairman and CEO
Presentation by Mr. Siu Chuen LAU Deputy Chairman and Chief Executive Officer 副主席及行政總裁劉少全先生 簡介 2015 年全年業績 9
Slide 10: 2015 Annual Results Highlights
2015 Annual Results Highlights 2015年全年業績摘要 2015 2014 HK#039;M HK#039;M % 百萬港元 百萬港元 百分比 Turnover 營 業 額 3,430 3,224 6.4% Recurring Underlying Profit 經 常 性 基 本 溢 利 2,283 2,163 5.5% Underlying Profit 基 本 溢 利 2,283 2,163 5.5% - Fair value change on investment properties located in 投資物業之公平值變動 ‧ Hong Kong 616 2,
Slide 11: 2015 Performance: By Portfolio
2015 Performance: By Portfolio 2015年表現：按業務劃分 Turnover (HK$’M) 營業額（百萬港元） 3,430 3,224 285 (8%) 287 (9%) -0.7% 1,136 (35%) 1,243 (36%) +9.4% 1,801 (56%) 1,902 (56%) +5.6% 2014 2015 Retail 商舖 Office 寫字樓 Residential 住宅 11
Slide 12: 2015 Performance: Retail Portfolio
2015 Performance: Retail Portfolio 2015年表現：商舖業務 Market overview: Hong Kong Retail Sales ● 2015: overall decline of 3.7% when compared to 2014 ● Reflected fall in luxury items (e.g. the sales of jewellery and watches) ● Mid-priced and basic products still recorded growth 市場概覽：本港零售市況 ● 2015 年：較去年整體下跌3
Slide 13: Retail Portfolio: three hubs
2015 Performance: Retail Portfolio (con’t) 2015年表現：商舖業務（續） Hysan Place: trendy gathering place for younger crowds 希慎廣場：時尚潮流的年輕人聚腳點 Hysan Place 希慎廣場 Lee Gardens hub 利園商舖組群 Lee Theatre hub 利舞臺商舖組群 Lee Gardens hub: elegant and luxury Lee Theatre hub: urban fashion and sporty premium spaces life
Slide 14: Retail Portfolio turnover
2015 Performance: Retail Portfolio (con’t) 2015年表現：商舖業務（續） ● Retail portfolio turnover increased by 5.6% to Retail Portfolio Turnover HK$1,902 million (2014 : HK$1,801 million) 商舖業務收入 Turnover rent of HK$71 million HK$’M 百萬港元 (2014: HK$93 million) 2,400 2,200 ● Occupancy: Fully-let as at 31 Dec 20
Slide 15: Retail Portfolio: rental reversions
2015 Performance: Retail Portfolio (con’t) 2015年表現：商舖業務（續） ● Positive rental reversions in renewals, reviews and new lettings across the portfolio, with an average increase of around 25% in rental levels ● Also reflected our continued strategy to increase base rent ● 商舖組合中因續約、租金檢討與新出租物業而訂立的租金水平平均上升約
Slide 16: Retail Portfolio: foot traffic and tenant sales
2015 Performance: Retail Portfolio (con’t) 2015年表現：商舖業務（續） ● Total foot traffic in Hysan’s portfolio rose around 5%; achieved against a fall in overseas visitors coming to Hong Kong in 2015 ● Estimated overall tenant sales increase in retail portfolio was around 10% in 2015, when compared to 2014; a
Slide 17: Retail Portfolio: Hysan Place
2015 Performance: Retail Portfolio (con’t) 2015年表現：商舖業務（續） ● Hysan Place Around 20% growth in estimated tenant sales Refining tenant mix with the addition of themed unisex sports and leisure offerings o lululemon athletica, The North Face, adidas and others o DFS T Galleria’s beauty concept floo
Slide 18: Retail Portfolio: Lee Theatre hub
2015 Performance: Retail Portfolio (con’t) 2015年表現：商舖業務（續） ● Lee Theatre hub Around 5% increase in estimated tenant sales Lee Theatre Plaza lower floor anchor stores and upper floor food and beverage outlets performed well Sports and lifestyle stores in Leighton Centre also saw good tenant sal
Slide 19: Retail Portfolio: Lee Gardens hub
2015 Performance: Retail Portfolio (con’t) 2015年表現：商舖業務（續） ● Lee Gardens hub Around 10% decline in tenant sales attributable to the slowing down of tourist spending, depressed consumer sentiment due to local stock market volatility and life cycles / distribution strategies of a few brands Hub’s
Slide 20: Estimated Retail Revenue Contribution by Price Point
2015 Performance: Retail Portfolio (con’t) 2015年表現：商舖業務（續） Estimated Retail Revenue Contribution Percentage by Price Point 按價格檔次劃分的估計商舖租金收入百分比 Luxury 高檔 24% 33% Mid-Price 中價 43% Affordable 大眾化 20
Slide 21: Retail Lease Expiry Profile
2015 Performance: Retail Portfolio (con’t) 2015年表現：商舖業務（續） Retail Lease Expiry Profile (As at 31 December 2015) 商舖租約到期概況 （於2015年12月31日） 35% 30% 25% 20% 15% 31% 23% 24% 22% 10% 5% 0% 2016 2017 2018 2019 and beyond 2019年或期後 21
Slide 22: 2015 Performance: Office Portfolio
2015 Performance: Office Portfolio 2015年表現：寫字樓業務 ● Office portfolio turnover increased by 9.4% Office Portfolio Turnover to HK$1,243 million (2014: HK$1,136 million) 寫字樓業務收入 HK$’M 百萬港元 ● Occupancy: 99% as at 31 Dec 2015 1,600 (31 Dec 2014: 98%) 1,400 +9.4% ● 寫字樓業務的營業額增加9.4%至 12億4千 1,200 3百萬港元 1,000
Slide 23: Office Portfolio (con't)
2015 Performance: Office Portfolio (con’t) 2015年表現：寫字樓業務（續） ● Positive rental reversion in renewals, reviews and new lettings with an average rental income increase of around 30% ● Office space vacancies tightened in Central due to strong Mainland China financial firms’ demand ● Being a genuine alte
Slide 24: Office Lease Expiry Profile
2015 Performance: Office Portfolio (con’t) 2015年表現：寫字樓業務（續） Office Lease Expiry Profile (As at 31 December 2015) 寫字樓租約到期概況 （於2015年12月31日） 40% 35% 30% 25% 20% 36% 15% 25% 10% 21% 17% 5% 0% 2016 2017 2018 2019 and beyond 2019年或期後 24
Slide 25: 2015 Performance: Residential Portfolio
2015 Performance: Residential Portfolio 2015年表現：住宅業務 ● Residential portfolio turnover saw a small drop Residential Portfolio Turnover of 0.7% to HK$285 million 住宅業務收入 (2014: HK$287 million) HK$’M 百萬港元 ● Positive rental reversion in renewals, reviews 400 and new lettings with an average rental income
Slide 26: Residential Portfolio (con't)
2015 Performance: Residential Portfolio (con’t) 2015年表現：住宅業務（續） ● Renovation project ongoing ● Continued to improve services and facilities for a superior international living experience ● Occupancy at 89% as at 31 Dec 2015 as units were vacated for renovations (31 Dec 2014: 97%) ● 翻新工程繼續進行 ● 繼續提升服務
Slide 27: Hysan Business Update: Lee Garden Three
Hysan Business Update: Lee Garden Three 集團業務最新進展：利園三期 ● Piling, excavation and other foundation works completed in Q1 2016 ● Project expected to be completed in late 2017, slightly earlier than the previous estimation of early 2018 ● Around 200 parking spaces will be added, which will help attract s
Slide 28: Hysan Business Update: Lee Garden One Asset Enhancement Project
Hysan Business Update: Lee Garden One Asset Enhancement Project 集團業務最新進展：利園一期資產增值項目 ● First phase revamping ground floor lobby and adding three elevators completed in July 2015 ● Second phase constructing new shop space already commenced; project anticipated to be completed in the middle of 2016 ● W
Slide 29: Strong Financial Position
Strong Financial Position 穩健財政狀況 Low Gearing 低負債率 ● Total Gross Debt: HK$4,875 million ● 債務總額： 48億7千5百萬港元 (31 Dec 2014: HK$6,457 million) （2014 年 12 月 31 日： 64億5千7百萬港元） ● Net Debt to Equity: 3.0% (31 Dec 2014: 4.2%) ● 淨債務與股東權益比率：3.0% Stable Debt Profile （2014 年 12 月 31 日：4.2%） ● Fixed Rate Debt: 94.
Slide 30: Thank you
{ iat + 2 Pad - ) Hysani#i