Slides
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FY 2025/26 ANNUAL RESULTS Analysts’ Briefing 1 September 2026
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Disclaimer This document and the information contained therein are intended to be distributed only to named or designated recipients, and it is not or should not be regarded as any advertisement or propaganda materials aimed to the non-specific public. It should not be reproduced quoted or transmitted in any form or manner or by any means, electronic or otherwise, in whole or in part, by the recipient or any other person, nor should it be redistributed, in whole or in part, to any other person by the person to whom it was initially delivered by any member of Sino Land Company Limited, its subsidiaries and its associated companies (collectively “Sino Land Group”). The information contained in this document, in so far as it relates to the business and operation of the Sino Land Group, is prepared based on the financial information released by the Sino Land Group on 1 September 2026 in respect of its financial affairs for the year ended 30 June 2026 and other public documents. The information contained in this document, in so far it relates to other information, has been obtained from sources believed to be reliable without independent verification but is not necessarily complete nor accurate. This document may contain forward-looking statements which may be identified by forward-looking words or expressions such as “may”, “will”, “expect”, “anticipate”, “believe”, “estimate”, “plan”, “continue” or other similar words or expressions and which are based on the Sino Land Group’s current expectations about future events. Although the Sino Land Group believe that their expectations reflected in, or suggested by, the forward- looking statements are reasonable, there can be no assurance that these expectations will be achieved. These forward-looking statements may not be updated, even though the Sino Land Group’s situation will change in the future. All forward-looking statements are expressly qualified by these cautionary statements. All information, data, photographs, pictures, drawings, projections, opinions, views and/or forward-looking statements contained in this document are dated or updated as of the date referred to in this document are for reference only and may be subject to change without notice and has not been updated to reflect the subsequent development, operations and financial position of the Sino Land Group. No representation or warranty, express or implied, is made that such information, data, projections, opinions, views and/or forward-looking statements are accurate, complete, correct or verified and they should not be relied on as such. No member of the Sino Land Group accepts any liability whatsoever (whether in tort or contract or otherwise) for any direct or consequential loss or damage howsoever arising from or in reliance upon the use of any information or material contained in this document. The information contained in this document is prepared based on, and may be a summary of or drawing inferences from, the financial information and other public documents issued by the Sino Land Group and is qualified in its entirety by the more detailed information as contained in such documents in case of any conflict or inconsistency. Should there be any conflict or inconsistency among this presentation and detailed information/financial statements/annual reports, the detailed information/financial statements/annual reports shall prevail. This document is only a general introduction of Sino Land Group and its business, and is not, or not intended to be an invitation or offer to buy, sell, deal in, or subscribe for, any securities issued or to be issued or any project carried out or to be carried out by the Sino Land Group, and is not or should not be regarded as a document to suggest, promote or lobby the recipients to invest.
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Page Result Snapshots Financial Results Highlights Business Review Land Bank Property Sales Property Rental Hotels Prospects Q&As Appendix (Sustainability and Asset Enhancement Works) Annual Results for the year ended 30 June 2026 1 2-4 5-9 10-13 14-18 19 20
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1 Profit Dividend Balance Sheet Underlying Profit HK$4,789 m ↓ 6.4% yoy Net Cash HK$55,130 m ↑ HK$5,669 m yoy NBV per share HK$18.14 ↓ 2.0% yoy Shareholders’ funds HK$173,875 m ↑ 2.6% yoy Underlying EPS HK$0.51 ↓ 12.1% yoy Net Profit HK$4,589 m ↑ 14.2% yoy FY 2025/2026 Result Snapshots Strong balance sheet with net cash position Payout ratio (full year) 113.7%^ 5.6% yield* p.a. Final HK$0.43 Interim HK$0.15 Total HK$0.58 HK$0.58 last year * Based on closing price of HK$10.28 per share on 30 June 2026 ^ Based on underlying EPS of HK$0.51 as stated in financial statements
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Revenue increased mainly due to a HK$1,120m increase in property sales at the subsidiary level. Underlying profit from operations decreased, primarily due to lower interest income amid a softer interest rate environment, higher taxable income, as well as reduced net rental income. After revaluation loss (net of deferred taxation) on investment properties of HK$192m, Net profit attributable to shareholders was HK$4,589m. Financial Results Highlights For the financial year ended 30 June 2026 2 EPS HK$0.49 HK$0.45 + 8.9% FY 2025/26 FY 2024/25 % Change Revenue HK$9,273m HK$8,183m + 13.3% Underlying profit HK$4,789m HK$5,118m - 6.4% from operations Net profit attributable HK$4,589m HK$4,019m + 14.2% to shareholders Underlying EPS HK$0.51 HK$0.58 - 12.1%
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Profit contribution from Property Sales improved, mainly driven by an enhancement in segment gross profit margin. Changes in Property Rental were driven by the evolving retail tenancy mix, partly offset by the residential segment, while the office and industrial portfolios continued to stabilise. Hotel Operations improved, supported by the continued recovery in Hong Kong’s tourism industry. Earnings drivers – contribution from Segment results For the year ended 30 June 2026 * Including attributable share of associates and joint ventures and excluding non-controlling interest 3 FY 2025/26* FY 2024/25* % Change Property Sales HK$1,103m HK$1,021m + 8.0% Property Rental HK$2,715m HK$2,782m - 2.4% Hotel Operations HK$519m HK$475m + 9.3%
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Net Cash of HK$55.1b Strong financial position Solid balance sheet strength Net cash increased by HK$5.7b yoy Net cash increased despite the full settlement of land costs for the Tuen Mun Town and Jordan Valley sites, and partial payment for the Kam Sheung Road Phase Two Development, primarily due to: 1) Surplus cash distribution from SGM and other JV projects 2) Interest income generated on cash deposits Strong financial position and sustainable growth strategy enable the Group to meet challenges and capture opportunities that may arise 4 30 June 2026 30 June 2025 Change Cash and bank deposits HK$58,022m HK$51,260m + HK$6,762m Debts (HK$2,892m) (HK$1,799m) - HK$1,093m Net Cash HK$55,130m HK$49,461m + HK$5,669m
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Land bank
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19.4 million sq. ft. attributable land bank as of 30 June 2026 Balanced and diversified portfolio sufficient to support the Group’s requirement over the next few years 5 (in million square feet) Hong Kong Chinese Mainland Overseas Total Singapore Sydney Properties under development 2.8 0.7 0.4 - 3.9 Investment properties & hotels 11.2 1.5 0.7 0.2 13.6 Completed properties for sale 0.8 1.1 - - 1.9 14.8 3.3 1.1 0.2 19.4 No. of projects under development 10 1 2 - 13
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6 Land acquisitions in FY 2025/2026 Three new acquisitions reflect our long-term confidence in Hong Kong Project Date Usage Stake Attributable gross floor area (sq. ft.) Tuen Mun Town Lot No. 569, Hoi Chu Road, Tuen Mun 13/08/2025 Residential 100% 282,102 New Kowloon Inland Lot No. 6674, Choi Hing Road, Jordan Valley, Kowloon 07/01/2026 Residential/ Commercial 85% 315,379 Lot No. 2329 in Demarcation District No. 106 Kam Sheung Road Station Phase Two Property Development, Yuen Long 21/04/2026 Residential/ Commercial 36% # 434,345 1,031,826 TMTL 569, Hoi Chu Road, Tuen Mun NKIL 6674, Choi Hing Road, Jordan Valley, Kowloon Kam Sheung Road Station Phase Two Property Development # MTRC Projects
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7 Land acquisition subsequent to FY 2025/2026 First Northern Metropolis Pilot Project secured through cross-sector collaboration Project Date Usage Stake Attributable gross floor area (sq. ft.) HSK Town Lot Nos. 18 to 21 Hung Shui Kiu / Ha Tsuen New Development Area, Yuen Long, New Territories 24/08/2026 Residential/ Commercial/ Enterprise and Technology Park 17% 365,332 • Awarded the first pilot-area development project in the Northern Metropolis, in partnership with cross-sector JV partners and aligned with the National 15th Five-Year Plan • Driving innovation and cross-industry collaboration through a smart logistics and industrial hub integrated with residential and community commercial facilities • Supporting industrial upgrading and advancing the development of Northern Metropolis
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Properties under development – Hong Kong 11 projects scheduled for completion in the coming years 8 * URA projects # MTRC Projects Expected completion date Project Name / Site Location Stake Attributable gross floor area (sq. ft.) FY 2026 / 2027 Grand Mayfair III Yuen Long 33.33%# 120,537 One Park Place Yau Tong 80%# 260,274 La Mirabelle Tseung Kwan O 25%# 386,681 767,492 FY 2028 / 2029 KIL 11285, Wing Kwong Street / Sung On Street Project To Kwa Wan Joint Venture* 185,278 185,278 FY 2029 / 2030 Lot 722 in D.D. No. 332 Lantau 100% 81,806 Shing Tak Street / Ma Tau Chung Road Development Project Kowloon City Joint Venture* 228,205 NKIL 6590, Kai Tak Kai Tak 50% 496,139 806,150 FY 2030 / 2031 TMTL 569, Hoi Chu Road Tuen Mun 100% 282,102 NKIL 6674, Choi Hing Road Jordan Valley 85% 315,379 597,481 FY 2031 / 2032 Kam Sheung Road Station Phase Two Property Development Yuen Long 36%# 434,345 434,345 Others 8,353 Total : 10 projects 2,799,099 FY 2033 / 2034 Hung Shui Kiu / Ha Tsuen New Development Area Yuen Long 17% 365,332 Total : 11 projects 3,164,431
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Properties under development – Chinese Mainland and Singapore Diversifying the development portfolio Expected completion date Project Name / Site Location Stake Attributable gross floor area (sq. ft.) FY 2026 / 2027 The Palazzo Phase IV Chengdu 20% 713,993 Total : 1 project in Chinese Mainland 713,993 FY 2027 / 2028 The Reserve Residences Singapore 20% 200,884 FY 2028 / 2029 The Golden Mile and Aurea Singapore 25% 209,121 Total : 2 projects in Singapore 410,005 9 The Golden Mile and Aurea involves the redevelopment of the property into a new mixed-use development which comprises residential, office, retail and medical units by constructing new building as well as conserving and revitalising the existing building. The Reserve Residences offers vibrant living in touch with nature within an inclusive urban centre in the rejuvenated Beauty World neighbourhood. We launched The Reserve Residences for sale in May 2023 and is now fully sold.
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Property sales
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10 Property sales recognised in the financial year Improving segment profitability and margins * Including attributable share of associates and joint ventures and excluding non-controlling interest FY 2025/26 FY 2024/25 % Change Property sales* HK$10,410m HK$10,813m - 3.7% Segment results* HK$1,103m HK$1,021m + 8.0% ^ Tender from CLP Holdings Limited # MTRC Projects Grand Mayfair # Yuen Long, New Territories Villa Garda # Tseung Kwan O, New Territories St. George’s Mansions ^ Ho Man Tin, Kowloon La Montagne # Wong Chuk Hang, Hong Kong
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Total attributable contracted sales of over ~HK$6.6 billion not yet recognised Three major residential projects launched with positive market reception 11 # MTRC Projects Projects launched in the Financial Year Total number of units: 748 Stake: 80% # First launch for sale: Nov 2025 Units sold: 62.6% One Park Place Yau Tong Total number of units: 1,266 Stake: 25% # First launch for sale: Mar 2026 Units sold: 68.0% La Mirabelle I Tsueng Kwan O Grand Mayfair III Yuen Long Total number of units: 680 Stake: 33.33% # First launch for sale: Oct 2025 Units sold: 69.7%
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La Mirabelle I & II well received by the market Subsequent to the Financial Year, certain units of La Mirabelle II were launched for sale 12 # MTRC Project Project launched subsequent to the Financial Year Total number of units: 1,284 Stake: 25% # First launch for sale: Jul 2026 Units sold: 200 La Mirabelle II Tsueng Kwan O
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13 New project launches for FY 2026/2027 One project in the pipeline for the calendar year 2026 * URA Project Location Stake Attributable residential gross floor area (sq. ft.) Attributable number of residential units Wing Kwong Street / Sung On Street Development Project Joint venture* 162,525 316 • Prime waterfront location adjacent to To Kwa Wan Station. • Sustainability-led development with strong placemaking features. • Enhanced pedestrian connectivity to create a vibrant precinct. • Attributable GFA: 162,525 sq. ft. for residential and 22,753 sq. ft. for retail. • Superstructure works in progress. • Launch timetable subject to pre-sale consent and market conditions.
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Property rental
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Rental activities Steady improvement in occupancy levels 14 FY 2025/26 FY 2024/25 % Change Gross Rental Revenue * HK$3,432m HK$3,486m - 1.5% Net Rental Revenue * HK$2,715m HK$2,782m - 2.4% * Including attributable share of associates and joint ventures and excluding non-controlling interest Overall occupancy rate increased to 90.0% (FY24/25: 89.6%)• Overall occupancy of the Group’s investment property portfolio improved to 90.0% during the Financial Year • The retail operating environment remained dynamic throughout the year. In response, the Group continued to proactively drive footfall and tenant sales through targeted marketing campaigns, promotional initiatives and asset enhancement programmes. • ONE CENTRAL PLACE: achieved 94.6% occupancy as at 30th June, 2026
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Diversified and balanced investment properties portfolio Providing steady recurring rental income Gross rental revenue* for the past five financial years HK$ million Financial year * Including attributable share of associates and joint ventures and excluding non-controlling interest 15 Retail 48% Office 25% Industrial 10% Carpark 10% Residential 7% Gross rental revenue breakdown by sectors
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Development pipeline projects Adding ~4% more commercial space to investment properties portfolio* 16 * In terms of attributable plot ratio area Project Stake Attributable plot ratio area (sq. ft.) Hong Kong KIL 11285, Wing Kwong Street / Sung On Street Project Joint Venture 22,753 Shing Tak Street / Ma Tau Chung Road Development Project Joint Venture 38,031 NKIL 6674, Choi Hing Road 85% 52,563 NKIL 6590, Kai Tak 50% 68,017 Kam Sheung Road Station Phase Two Property Development 36% 157,908 339,272 Chinese Mainland The Palazzo Phase IV, Chengdu 20% 10,765 Singapore The Reserve Residences 20% 45,979 The Golden Mile and Aurea 25% 146,351 192,330 Total 542,367
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Leveraging the Sports Economy to boost retail performance Curating a compelling retail offering for local shoppers and visitors 17 Drive footfall and spending Enhance customer traffic through targeted marketing campaigns and promotional initiatives Offer attractive incentives and rewards to stimulate spending and repeat visits Curate signature events and experiences across flagship malls Continued to optimise tenant mix Strengthen the dining offerings with sought-after F&B concepts Broaden the retail proposition with emerging lifestyle and experiential brands
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Strengthening customer connections through targeted engagement Boosting traffic and spending through immersive retail experiences 18 “Goal Together” Sino Group’s “Goal Together” campaign brought football fever to the city, with live broadcasts of all 104 matches and over 7,300 fans attending the Finals across our three flagship malls. “Shining Journey – Tracing MOLLY’s Starlight Footprint” Sino Group partnered with POP MART to celebrate MOLLY’s 20 th anniversary with an eight-mall art campaign featuring 55 iconic designs and MOLLY’s tallest-ever seven-metre sculpture at China Hong Kong City
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Hotels
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Hotel operations Improved profitability supported by rising visitor arrivals and effective cost control FY 2025/26 FY 2024/25 % Change Hotel Revenue* HK$1,565m HK$1,506m + 3.9% Segment operating profit* HK$519m HK$475m + 9.3% 19 Strong growth in Hong Kong visitor arrivals, supported by a robust calendar of events RevPAR growth across the Hong Kong hotel portfolio Disciplined cost management amid ongoing inflationary pressure Singapore market remains challenging, with softer visitor arrivals and increasing hotel room supply The Fullerton Hotel Singapore Conrad Hong Kong * Including attributable share of associates and joint ventures and excluding non-controlling interest
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Prospects
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Prospects - With our solid financial position and forward-looking strategies, we are well placed to capture opportunities and create long-term value 20 Supported by vibrant financial market activity, successful talent attraction policies, growing international student enrolment at local universities, rising visitor arrivals, and ongoing enhancements to cross- boundary transport infrastructure, Hong Kong is well positioned for sustained economic growth. Overall Over HK$6.6 billion of attributable contracted sales not yet recognised La Mirabelle I & II have achieved strong sales momentum, with over 1,060 units sold since their launches in March and July 2026, respectively. Property Sales Retail occupancy continues to improve, reflecting stronger tenant confidence and business sentiment, while aligning with Government initiatives to promote the Sports Economy. The office sector is showing encouraging signs of stabilisation supported by robust financial market activity and supportive government measures. Property Rental A new airport terminal, targeted tourism initiatives and a vibrant events calendar are expected to support continued growth in visitor arrivals and strengthen Hong Kong’s position as a leading global tourism and event destination. Hotel
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Thank you
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Q&As
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Our Performance in ESG Ratings and Recognitions Appendix S&P Global Sustainability Yearbook 2026 (Updated as at 18 February 2026) Top 5% S&P Global CSA Score (Updated as at 13 April 2026) S&P Global Sustainability Yearbook 2026 (China Edition) Top 1% S&P Global CSA Score (China) World’s Most Sustainable Companies 2026 (Updated as at 23 June 2026) Dow Jones Best-in-Class World Index (Updated as at 1 May 2026) Dow Jones Best-in- Class World Index Constituent (Updated as at 22 December 2025) FTSE4Good Index Series Constituent
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Our Performance in ESG Ratings and Recognitions Appendix (Updated as at 17 October 2025) * Please refer to the MSCI disclaimer: https://www.sino.com/en/media-centre/press-release/2026/sino-land-achieves-'aaa'-msci-esg-rating/ (Updated as at 23 October 2025) MSCI ESG Ratings AAA Rated* Greater China Real Estate Business Sustainability Index Ranked 1st GRESB Global Sector Leader Development Benchmark – Residential category (Updated as at 8 September 2025) Hang Seng Corporate Sustainability Index Series AAA Rated Hang Seng ESG 50 Index Constituent Hang Seng Corporate Sustainability Index Constituent (Updated as at 10 December 2025) CDP 2025 Climate Change A List (Updated as at 13 October 2025)
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Key ESG Accolades Appendix ESG Achievement Awards 2024/2025 • Outstanding Sustainable Dividend Awards — Honorary Award • ESG Benchmark Awards — Diamond Award • ESG Benchmark Awards — Outstanding Performance in Social Responsibility • Outstanding Sustainability Vision Awards — Distinction • Outstanding ESG Innovative Project Awards — Distinction Hong Kong Corporate Governance and ESG Excellence Awards 2025 • Award of Excellence in Corporate Governance • Award of Excellence in ESG • Excellence in Environmental Positive Impact — Grand Award • Best ESG Report (Large-cap) — Commendation • GRESB x HERA Development Benchmark Award — Commendation Hong Kong ESG Reporting Awards 2025
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Key ESG Accolades Appendix TVB ESG Awards 2025 • Best in ESG Practices • Best in ESG Report • ESG Environmental Innovative Technology Award 16th Asian Excellence Award • Asia’s Best CEO • Asia’s Best CFO • Asia’s Best CSR • Best Investor Relations Team • Best Investor Relations Professional • Best Sustainable Asia • Best Environmental Responsibility UNSDG Achievement Awards Hong Kong 2025 • Project Award – Individual SDG Award (Discover Shui Hau) Tech Fest Hong Kong Awards • Tech Impact Company of the Year (Large Enterprise)
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2025/2026 Completed Asset Enhancement Works Appendix Olympian City 2 | OC Commons Tuen Mun Town Plaza 1 | tmtp commons Tsim Sha Tsui Centre | Atrium Enhancement
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2025/2026 Completed Asset Enhancement Works Appendix China Hong Kong City | Regus Co-Work Centre The Centrium | Show Flat Exchange Tower | Retail Podium Enhancement
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Appendix Exchange Tower | Office Subdivision Tuen Mun Town Plaza 1 | Retail Shop One North | Pickleball Landmark South | Lift Lobby and Pickleball 2025/2026 Completed Asset Enhancement Works
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Asset Enhancement Works in Progress Appendix Olympian City | LED & Signage Tsim Sha Tsui Centre | New Bridge Connection