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FY2026 Annual Results Cover 2 24 February 2022 FY2026 Annual Results 10 September 2026
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FY2026 Annual Results Contents 2 Page Financial Review – FY2026 4 Property Business – Hong Kong Land Bank 10 Property Development 14 Property Investment 18 Property Business – Chinese Mainland Land Bank 27 Property Development 29 Property Investment 31 Hotel Business 36 Sustainability 38 Market and Business Prospects 40 Appendix 45
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FY2026 Annual Results Disclaimer The information contained in these materials is intended for reference and general information purposes only. Neither the information nor any opinion contained in these materials constitutes an offer or advice, or a solicitation, recommendation or suggestion by Sun Hung Kai Properties Limited (“SHKP”) or its subsidiaries, associated or affiliated companies, or any of their respective directors, employees, agents, representatives or associates to buy or sell or otherwise deal in any investment products, securities, futures, options or other financial products and instruments (whether as principal or agent) or the provision of any investment advice or securities related services. Readers of these materials must, and agree that they will, make their own investment decisions based on their specific investment objectives and financial positions, and using such independent advisors as they believe necessary or appropriate. SHKP, its subsidiaries, associated or affiliated companies or any of their respective directors, employees, agents, representatives or associates cannot and does not represent, warrant or guarantee the accuracy, validity, timeliness, completeness, reliability or otherwise of any information contained in these materials. SHKP, its subsidiaries, associated or affiliated companies or any of their respective directors, employees, agents, representatives or associates expressly excludes and disclaims any conditions or representations or warranties of merchantability or fitness for a particular purpose or duties of care or otherwise regarding the information. All information is provided on an "as is" basis, and is subject to change without prior notice. In no event will SHKP, its subsidiaries, associated or affiliated companies or any of their respective directors, employees, agents, representatives or associates be responsible or liable for damages of whatever kind or nature (whether based on contract, tort or otherwise, and whether direct, indirect, special, consequential, incidental or otherwise) resulting from access to or use of any information contained in these materials including (without limitation) damages resulting from the act or omission of any third party, even if SHKP, its subsidiaries, associated or affiliated companies or any of their respective directors, employees, agents, representatives or associates has been advised of the possibility thereof. SHKP, its subsidiaries, associated or affiliated companies or any of their respective directors, employees, agents, representatives or associates is not responsible for the information contained in these materials which are provided by other third party. Access to and use of such information is at the user's own risk and subject to any terms and conditions applicable to such access/use. SHKP, its subsidiaries, associated or affiliated companies or any of their respective directors, employees, agents, representatives or associates is not responsible for any losses or damage caused by any defects or omissions that may exist in the services, information or other content provided by such other third party, whether actual, alleged, consequential, punitive, or otherwise. SHKP, its subsidiaries, associated or affiliated companies or any of their respective directors, employees, agents, representatives or associates makes no guarantees or representations or warranties as to, and shall have no responsibility or liability for, any content provided by any third party or have any responsibility or liability for, including without limitation, the accuracy, subject matter, quality or timeliness of any such content. If there is any inconsistency between the English and Chinese version of this disclaimer, the English version shall prevail. 3
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FY2026 Annual Results FINANCIAL REVIEW – FY2026 ICC and IGC, West Kowloon Cluster
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FY2026 Annual Results Financial Highlights 5 (1) Excluding the effect of fair value changes on investment properties net of deferred taxation and non -controlling interests and including the fair value gains realized on sale of investment properties FY2026 FY2025 Change Profit attributable to the Company’s shareholders - Underlying(1) (HK$ mn) 22,850 21,855 +4.6% - Reported (HK$ mn) 21,426 19,277 +11.1% Basic earnings per share - Underlying(1) (HK$) 7.89 7.54 +4.6% - Reported (HK$) 7.39 6.65 +11.1% Final dividend per share (HK$) 2.93 2.80 +4.6% Total dividend per share (HK$) 3.91 3.75 +4.3%
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FY2026 Annual Results Profit Breakdown by Segment 6 (1) Including share of associates and joint ventures Profit Breakdown by Segment(1) (in HK$ mn) FY2026 FY2025 Change (I) Property development - Hong Kong 4,622 3,200 - Mainland 3,670 5,090 Sub-total 8,292 8,290 Flat (II) Property rental - Hong Kong 12,820 12,956 - Mainland 5,167 4,864 - Singapore 584 572 Sub-total 18,571 18,392 +1.0% (III) Hotel operations 728 615 +18.4% (IV) Other businesses 4,572 4,891 -6.5% Total (I)+(II)+(III)+(IV) 32,163 32,188 -0.1%
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FY2026 Annual Results 7 Financial Position As at 30 Jun 2026 31 Dec 2025 30 Jun 2025 Shareholders’ equity (HK$ mn) 633,936 621,700 617,851 - Shareholders’ equity per share (HK$) 218.8 214.5 213.2 Net debt (HK$ mn) 67,615 83,646 93,298 Gearing ratio(1) 10.7% 13.5% 15.1% FY2026 FY2025 Interest cover(2) 8.5x 6.0x (1) Calculated on the basis of net debt to Company’s shareholders’ equity (2) Measured by the ratio of operating profit to total net interest expenses including those capitalized
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FY2026 Annual Results 109,773 127,786 110,866 107,828 93,298 83,646 67,615 18.2% 21.2% 18.3% 17.8% 15.1% 13.5% 10.7% 50,000 80,000 110,000 140,000 Jun-23 Dec-23 Jun-24 Dec-24 Jun-25 Dec-25 Jun-26 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 22% Net debt (LHS) Gearing Ratio (RHS) (HK$ mn) Prudent Financial Management 8 Effective deleveraging since the peak in Dec-23: net debt reduced by ~47% and net gearing ratio cut by half Strong financial position: well-positioned to seize land-acquisition opportunities in Hong Kong to meet its future development needs Top-rated real estate company in HK Net Debt and Gearing Ratio A+/Stable A1/Stable
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FY2026 Annual Results <1 year, 15% Between 1 and 2 years, 12% Between 2 and 5 years, 52% >5 years, 21% Prudent Financial Management (Cont’d) 9 Average Cost of Borrowings Debt Maturity Profile Net finance costs (including capitalized interest) reduced by 33% yoy to HK$2,949 million, driven by lower debt and average cost of borrowing Financial strength over the long-term is driven by: Sizeable and Stable Recurring Income: From property investment portfolio & non-property businesses Growth from New Completions: Delivering incremental rental contributions Premium Sales Strategy: Leveraging reputable brand, premium quality and diverse offerings to capture market trends Portfolio Optimization: Regular reviews to enhance returns and asset turnover As at 30 Jun 2026 30 Jun 2025 Fixed rate 2.8% 2.8% Floating rate 3.1% 4.2% Weighted average interest rate 3.0% 3.7%
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FY2026 Annual Results PROPERTY BUSINESS – HONG KONG LAND BANK SIERRA SEA, Sai Sha
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FY2026 Annual Results Retail 10% Office 13% Industrial 1% Data Centre 3% Residential 73% (3) Land Bank in Hong Kong (1) In attributable terms (2) An overwhelming majority are for rent/investment (3) Including industrial/office premises 11 Total: 39.2 mn sq.ft.(2) Total: 17.2 mn sq.ft. Total land bank as at 30 June 2026: 56.4 mn sq.ft.(1) Completed Properties Properties under Development Residential 11% Retail 34% Office 31% Hotel 12% Industrial 8% Data Centre 4%(3)
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FY2026 Annual Results Land Bank in Hong Kong (Cont’d) 12 Location Usage Stake (%) Attributable GFA (sq. ft.) (1) Lot No. 2579 in DD 92, Kwu Tung Residential/ Shops 100 1,224,000 (2) Tuen Mun A16 Station Package One Property Development Residential JV 601,000 (3) 3 Fat Tseung Street, Cheung Sha Wan Residential/Shops 50 230,000 Total 2,055,000 In September 2026, the Group was awarded the tender for the Tuen Mun A16 Station Package Two Property Development (total GFA: about 3.0 million sq ft) Land Resumption: ~1.1 mn sq.ft land, primarily from San Tin and along the Northern Link Main Line • Compensation of about HK$1.1 bn and the corresponding gains have been recognized in FY2026 ~2.1 mn sq.ft land, primarily in San Tin Technopole and Hung Shui Kiu/Ha Tsuen New Development Area • Compensation of about HK$2.2 bn will be recognized in FY2027 Added three sites through public tender, land exchange and lease modifications
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FY2026 Annual Results 13 Tuen Mun A16 Station Package Two Property Development Adjacent to the future MTR Tuen Mun A16 Station, this multi-phased development comprises over 5,500 units and will be launched in phases Located on the Tuen Mun riverside, offering units with extensive sea and river views One of the few new topside properties at MTR stations in a mature and well-established community Feature a public transport interchange and pedestrian walkways connecting the mall with the residential towers of Package One awarded in Nov 2025 Set to become another landmark residential cluster with comprehensive amenities Tuen Mun A16 Station Package Two Development (JV) Residential GFA (sq ft) 2,691,000 (est. ~5,500 units) Commercial GFA (sq ft) 335,000 Total GFA (sq ft) 3,026,000
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FY2026 Annual Results Cullinan Harbour, Kai Tak PROPERTY BUSINESS – HONG KONG PROPERTY DEVELOPMENT
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FY2026 Annual Results Property Development(1) FY2026 FY2025 Change Revenue (HK$ mn) 44,137 26,139 +69% Operating profit (HK$ mn) 4,622 3,200 +44% Recognized Property Development in Hong Kong 15 Margin improvement has kicked in since 2H FY2026, driving the full-year level to 11% Expect booked sales margin to recover gradually Overall profit margin was 16% if underlying profit(2) of HK$3.16 bn from disposal of Dynasty Court and Shouson Peak was included About HK$22.8 bn(3) contracted sales yet to be recognized Of which about HK$21.0 bn is expected to be recognized in FY2027 (1) Including shares of associates and joint ventures (2) Underlying profit including fair value gains realized from disposal of Dynasty Court and Shouson Peak (3) As at 30 June 2026 Cullinan Harbour, Kai Tak
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FY2026 Annual Results For the year under review, Hong Kong’s residential market continued its recovery with active primary transactions Achieved contracted sales of about HK$38.1 bn, exceeding target of HK$30.0 bn Major contributors include: Contracted Sales in Hong Kong for FY2026 16 Project Stake Attri. Sales Proceeds (%) (HK$ bn) SIERRA SEA Phases 2A & 2B, Sai Sha 100 9.2 Cullinan Sky Phase 2, Kai Tak 100 4.8 NOVO LAND Phases 2A, 3A & 3B, Tuen Mun 100 4.1 Lime Spark, Tsuen Wan 100 3.0 Dynasty Court Tower 2 & 3, Mid-levels Central 100 2.8 Cullinan Harbour Phases 1, 2A & 2B, Kai Tak 100 2.4 Other stocks & car parking spaces 11.8 Total 38.1 Sales of completed projects reached HK$17.6 bn, accounted for 46% of total contracted sales
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FY2026 Annual Results Major New Projects to be launched in the Next 10 Months 17 Project Location Stake (%) Attri. Res. GFA (sq.ft.) (1) Lot No. 1696 in DD 115, Tung Shing Lei Ph.1A & 1B Yuen Long 100 466,000 (2) Fanling Sheung Shui Town Lot No. 279 Ph.1 Kwu Tung 100 299,000 (3) Sai Sha Residences Ph. 2C Sai Sha 100 299,000 (4) Sha Tin Town Lot No. 651, Mei Tin Road Tai Wai 100 194,000 (5) Sha Tin Town Lot No. 623, Siu Lek Yuen Sha Tin 100 157,000 Total 1,415,000 Sufficient saleable resources with diversified product mix appealing to potential buyers 3 1 4 2 MTR/ High speed railway 5
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FY2026 Annual Results PROPERTY BUSINESS – HONG KONG PROPERTY INVESTMENT New Town Plaza, Sha Tin
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FY2026 Annual Results 1,492 1,563 1,596 1,580 1,590 886 907 1,062 1,186 1,332 8,858 9,055 9,283 9,085 9,078 6,315 6,213 6,000 5,679 5,703 0 4,000 8,000 12,000 16,000 20,000 FY2022 FY2023 FY2024 FY2025 FY2026 Office Retail Residential Others (2) 17,703 Rental Income – Hong Kong 19 Gross rental income registered a modest increase in FY2026 Retail 51% Office 32% Residential 8% Others 9% (2) (1) Including shares of associates and joint ventures; (2) Industrial properties and car parks Overall Occupancy: ~92% Office rental income was supported by high occupancy rate and new contributions, while the retail portfolio held firm (+1.0% yoy) (+0.4% yoy) (flat yoy) (+12.3% yoy) Gross Rental Income by Sector in Hong Kong(1) HK$ mn 17,551 17,738 17,942 17,531 Residential and serviced apartment portfolio saw increase in rental rates and occupancy (+0.6% yoy)
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FY2026 Annual Results Hong Kong Retail Portfolio Achieved an increase in tenant sales with latest occupancy of 95% Adopted multi-pronged approach to strengthen competitive edge 20 Enjoy synergy from being a part of an integrated development Leverage omnichannel marketing (e.g. KOLs, Xiaohongshu) Refine tenant-and- trade mix for bringing novelty to customers Collaborate with tenants, business units and market players from different sectors to initiate promotional offers and activities Ongoing asset and service enhancement (e.g. more pet- and family-friendly facilities) Develop close and long- term relationships with tenants and shoppers
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FY2026 Annual Results 21 Hong Kong Retail Portfolio (Cont’d) Rapid adaptation to market trends and ongoing refinement of tenant mix across portfolio Achieved an increase in tenant sales, partially driven by the strong demand for jewellery and watches Malls in tourist districts outperformed others in the portfolio, driven by sustained growth in inbound tourism East Point City V CityIFC Mall MOKO
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FY2026 Annual Results Initiatives to Enhance Shoppers’ Experience 22 Integrated loyalty programme - The Point Over 3.4mn membership VIP programme - The Point GOLD 40% in membership stronger growth in VIP member spending Overall member spending 27% yoy First VIP lounge at New Town Plaza received an enthusiastic reception Introduce more VIP lounges in new and existing malls, including YOHO Mall and Stage IGC Shoppers enjoy EV fast charging services at reasonable rates Expanding EV chargers from currently 120 to over 140 by the end of 2026, including installations at the new shopping mall Stage IGC EV Fast Charging Services The Point GOLD’s exclusive privileges
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FY2026 Annual Results Hong Kong Office Portfolio 23 Occupancy remained stable at about 90% Both IFC and ICC recorded high occupancy, supported by new leases from multinational and Mainland corporates, as well as in-house expansion from wealth management firms Hong Kong’s office leasing market recovery remains uneven, with certain sub-districts outperforming the overall market Continuously upgrading assets and surrounding environments to enhance overall appeal * Source of Grade A office occupancy: JLL Occupancy (as at Jun 2026) IFC : close to 100% (Central: 91%*) ICC: 92% (Tsimshatsui: 93%*) SHKC: 93% (Wan Chai/CWB: 90%*) Millennium City Cluster: 82% (Kowloon East: 80%*)
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FY2026 Annual Results Stage IGC Retail GFA: 624,000 sq.ft. (100% stake) Interior fitting-out works is underway and scheduled to open by phases from late 2026 Initial stage: to provide variety of catering options and shops mainly for office tenants, high-speed rail passengers, arts and culture enthusiasts, and visitors IGC office towers Office Attri. GFA: ~1.1mn sq.ft. (44.6% stake) Two pairs of interconnected towers offering ~2.5 mn sq.ft. of super Grade-A office space Unparalleled air-plus-rail connectivity Next-generation workspace integrating smart technology, sustainability and lifestyle Handed over to UBS in early 2026 and leased to renowned insurance companies such as AXA International Gateway Centre (IGC) in West Kowloon 24
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FY2026 Annual Results West Kowloon Commercial Hub: The New Centre of Gravity 25 Artist Square Towers (AST, under development) International Gateway Centre (IGC) IGC office towers Stage IGC (podium mall, under development) ICC, The Ritz-Carlton, Hong Kong & W Hong Kong ~8 mn sq.ft. premium commercial cluster | Unparalleled air-plus-rail connectivity | Anchored by global financial institutions | Adjacent to international arts and cultural hub Deeply rooted in West Kowloon Over two decades of operations across Grade-A office, retail and luxury hotels ICC has anchored West Kowloon as a premier financial destination — strong pool of premium tenants, including financial institutions and global investment banks Two luxury hotels offer premium hospitality amenities for travelers and office tenants New completions: IGC office towers, Stage IGC and Artist Square Towers (AST) will synergize with existing properties in the vicinity Podium mall Stage IGC to broaden the retail offerings in West Kowloon
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FY2026 Annual Results 26 Expanding Portfolio to Strengthen Recurring Income Base International Gateway Centre (IGC) West Kowloon Attri. Office GFA : 1.1 mn sq.ft (~44.6%) Gradual handovers to UBS and other tenants starting Jan 2026 Renowned insurance companies and multinational corporations have committed to leasing to office space The ANGLE, Kwun Tong (72.6%) Attri. Retail GFA: 363,000 sq.ft. Phased opening in progress Mix of dining, anime, and pet-centric offerings Cullinan Sky Mall, Kai Tak (100%) Retail GFA: 220,000 sq.ft Phased opening from late 2025 Curated selection of F&B options, including alfresco dining and grab-and-go choices Stage IGC, West Kowloon Retail GFA: 624,000 sq.ft. (100%) Interior fitting-out works is underway Scheduled to open by phases from late 2026 Initial stage: to provide variety of catering options and shops mainly for office tenants and high-speed rail passengers Upcoming projects in the near to medium term Ramping up occupancy for new completions Artist Square Towers Project (BOT project) Office GFA: 672,000 sq.ft. Retail GFA: 27,000 sq.ft. To complete in 2027 J.P. Morgan committed to leasing about 250,000 sq.ft office space
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FY2026 Annual Results PROPERTY BUSINESS – CHINESE MAINLAND LAND BANK One IFC River West, Hangzhou IFC
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FY2026 Annual Results Residential 43% Retail 22% Office 32% Hotel, 3% Land Bank on the Chinese Mainland 28 Total: 26.5 mn sq.ft.(2) Total: 38.2 mn sq.ft. Total land bank as at 30 June 2026: 64.7 mn sq.ft.(1) Completed Properties Properties under Development Retail 38% Office 44% Hotel 10% Residential 8% (1) In attributable terms (2) An overwhelming majority are for rent/investment
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FY2026 Annual Results PROPERTY BUSINESS – CHINESE MAINLAND PROPERTY DEVELOPMENT Cullinan West at Hangzhou IFC, Hangzhou
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FY2026 Annual Results Property Development (1) FY2026 FY2025 Change Revenue (HK$ mn) 10,054 8,417 +19% Operating profit (HK$ mn) 3,670 5,090 -28% Recognized Property Development and Contracted Sales on the Chinese Mainland (1) Including shares of associates and joint ventures (2) As at 30 June 2026 30 Revenue growth was driven by higher sales volume of residential units Achieved attributable contracted sales of about RMB2.2 bn(1) (~HK$ 2.5 bn) Lake Geneve, Suzhou About HK$0.8 bn(2) contracted sales yet to be recognized, all of which are expected to be recognized in FY2027 Over the next 10 months, the Group plans to launch: Cullinan East, Hangzhou IFC Lake Genève (Houses), Suzhou JOVOTOWN Phase 3B, Chengdu Shanghai Arch (Houses)
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FY2026 Annual Results Shanghai IFC Mall, Shanghai PROPERTY BUSINESS – CHINESE MAINLAND PROPERTY INVESTMENT
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FY2026 Annual Results 326 343 344 351 370 4,296 3,733 4,199 4,079 4,464 1,953 1,767 1,762 1,743 1,661 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 FY2022 FY2023 FY2024 FY2025 FY2026 Office Retail Others 6,305 6,173 HK$ mn (+5.4% yoy) (+5.2% yoy) (-4.7% yoy) (+9.4% yoy) 6,575 5,843 (2) Rental Income - Chinese Mainland 32 Office 26% Retail 69% Others 5% (1) Including shares of associates and joint ventures; (2) Residential properties, car parks and others; (3) Representing 26% of the Group’s total gross rental income Gross Rental Income FY2026 Change in HK$ mn 6,495(3) +5.2% in RMB mn 5,796 +1.5% (2) Gross Rental Income by Sector on the Mainland(1) 6,495 Overall rental income rose 5.2%(in HK dollars), with increased contributions from the retail portfolio offsetting the decline in office rental
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FY2026 Annual Results IGC mall Guangzhou & Conrad Guangzhou Existing Mainland Property Investment – Integrated Projects Shanghai IFC Mall & Shanghai IFC Office Provide modern and dynamic commercial space in integrated developments with strong connectivity, generating synergy and complementary benefits Retail portfolio: Proactive strategies such as tenant-mix refinements and layout reconfigurations to increase attractiveness Retail and accommodation amenities form a comprehensive ecosystem Office portfolio: Premium building quality and high green building standards Prioritize tenant retention and capitalize on flight-to-quality trend 33
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FY2026 Annual Results Expanding Mainland Property Investment Portfolio 34 ITC ITC Tower B – Super Grade-A Standard Premium building specifications catering to discerning tenants and stringent demands Keen interest from prominent multinational and domestic corporations Retail – ITC Mall Initial phase opening in 2H 2026: Metro- connected floor offers a diverse mix of F&B offerings, including cafes and grab- and-go outlets Andaz Shanghai ITC hotel Opened in March 2026 and ramping up occupancy New standard for cosmopolitan-style living in Shanghai Andaz Shanghai ITC ITC Mall & office towers ITC office tower ITC, Shanghai (100% owned) Tower A office (220-metre-tall, 1.1 mn sq.ft.) Completed, >80% occupancy Tower B office (370-metre-tall, 2.4 mn sq.ft) Completed in 1H 2026 Andaz Shanghai ITC (Hotel, 0.4 mn sq.ft.) Grand opening in March 2026 ITC Mall (Flagship mall, over 2.6 mn sq.ft.) Phased opening from 2H 2026
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FY2026 Annual Results Growing Rental Contribution on the Chinese Mainland Rendering IGC mall & Conrad Guangzhou hotel at Tianhui Plaza, Zhujiang New Town CBD, Guangzhou Parc Central (Guangzhou South) & One ICC at Guangzhou South Station ICC Initial retail component of Hangzhou IFC (River East) FY2025/26 FY2027/28FY2026/27 Increased the stake from 33.3% to 100%, generating additional income contribution Mature properties in prime location Continue to invest in asset enhancement to drive performance IGC mall: ~1 mn sq.ft. Conrad Guangzhou: over 300 rooms Parc Central (Guangzhou South) (215,000 sq.ft.): podium mall to deliver a vibrant lifestyle offering upon opening by end of 2026 One ICC (291,000 sq.ft.): office tower with handover in 3Q 2026 700,000 sq.ft. of retail space underneath Hangzhou IFC Mansion Phased opening from 2Q 2027 To serve residents and office tenants and the surrounding community 35
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FY2026 Annual Results Four Seasons Hotel Hong Kong HOTEL BUSINESS
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FY2026 Annual Results Hotel Operations(1) FY2026 FY2025 Change Revenue (HK$ mn) 5,460 5,250 +4% Operating profit (HK$ mn) 728 615 +18% (1) Including shares of associates and joint ventures 37 Hotel Business Hong Kong Luxury hotels outperformed with increases in both occupancy and room rates. Other hotels also performed well Renovation of The Royal Garden Kowloon East atop MTR Tseung Kwan O Station is scheduled for completion in 4Q 2026 Plan to upgrade and renovate two luxury hotels atop MTR Kowloon Station Chinese Mainland The Ritz-Carlton Shanghai, Pudong registered record-high room rates Conrad Guangzhou, comprising over 300 rooms and now fully owned by the Group, achieved solid growth Andaz Shanghai ITC has been steadily ramping up occupancy since its opening in March 2026 Andaz Shanghai ITC hotel
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FY2026 Annual Results GO PARK Sai Sha, Hong Kong SUSTAINABILITY
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FY2026 Annual Results Sustainability Initiatives Inaugural inclusion in the Dow Jones Best-in-Class World Index, placing SHKP among the top 10% of the largest 2,500 companies in the S&P Global Broad Market Index 39 Hong Kong’s largest and first privately funded solar farm on landfill The JV solar farm located at South East New Territories Landfill in Tseung Kwan O ~140,000 square feet and featuring ~1,850 solar panels Estimated annual output of ~1.2 million kWh green electricity Expanding renewable energy adoption Nearly 27,000 solar panels across buildings and construction sites Expanding EV fast chargers network across all 18 districts in Hong Kong, targeting over 140 chargers by the end of 2026 Sports for Charity and Sports for All Title sponsor of The Community Chest Sun Hung Kai Properties Corporate Challenge, raising a record HK$6.9 mn Venue sponsor of a series of international padel tournaments that attracted elite global players Broadened offerings at GO PARK Aqua covering dinghy sailing, catamaran courses and eco-discovery experiences
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FY2026 Annual Results MARKET AND BUSINESS PROSPECTS IGC, ICC and IFC, Hong Kong
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FY2026 Annual Results Chinese Mainland Global Economy Global economic outlook remains uncertain due to persistent regional conflicts and high energy prices Robust trade performance and resilient domestic demand will continue to drive steady economic growth Continued inflow of high-calibre talent and executives will support demand for quality housing The city’s reinforced role as a “super-connector” and “super value-adder” will help attract both Mainland enterprises seeking to go global and multinational corporations tapping into the Mainland market, supporting office demand Economy is expected to stay resilient, supported by strong exports and elevated counter-cyclical policy measures Policies for improving the quality of homes and stabilizing the real estate market are expected to foster healthy development of the overall residential market Market Prospects 41 Hong Kong
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FY2026 Annual Results Business Prospects 42 1. Strong Financial Position – Capturing Opportunities with Discipline Leverage strong financial position to pursue selective land acquisitions in Hong Kong at reasonable costs when opportunities arise Replenish land bank through diversified channels in a measured manner Remain fully committed to prudent financial discipline across all activities 2. Property Development – Driving Sales Through Quality & Innovation Brand Advantage: Capitalize on trusted brand and reputation to command premium pricing and accelerate turnover Customer-Centric Approach: Uphold "Building Homes with Heart" through quality product, excellence in design, and services Product Innovation: Integrate smart technology and comprehensive amenities into new projects Sales Execution: Robust launch pipeline catering to diverse buyer segments Timely release of new projects, completed inventory, and selected non-core properties
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FY2026 Annual Results Business Prospects (Cont’d) 43 3. Property Investment – Strengthening Recurring Income Streams Portfolio Enhancement: Boost competitiveness through proactive leasing, tenant engagement, and strategic asset upgrades Place-Making Initiatives: Enhance surrounding areas with improved landscaping, public spaces, connectivity, and community programming to elevate overall destination appeal Aim for High Occupancy: Drive and sustain high occupancies across all existing projects and segments Pipeline of New Developments: Generate progressive rental income from new projects: Hong Kong: International Gateway Centre (IGC office towers and Stage IGC), The ANGLE, Cullinan Sky Mall, Artist Square Towers Chinese Mainland: ITC in Shanghai, Hangzhou IFC
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FY2026 Annual Results Strategic Growth Through Quality Landmarks & Innovation The Group will continue to invest in the city’s future through building landmark projects that foster both economic advancement and social progress. By harnessing technologies to enhance productivity and competitiveness, the Group will deliver quality properties that are modern and customer-centric, meeting the evolving needs of residents and tenants. Guided by its time-tested strategies and long-term vision, the Group will continue to strive for sustainable long-term growth while contributing to the further development of the city it proudly calls home. 44 (Extracted from Chairman’s Statement, FY2026 Annual Results) Kwok Ping-luen, Raymond Chairman & Managing Director 10 September 2026
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FY2026 Annual Results Appendix: Sustainability Performance (1) EOC-monitored buildings are mainly SHKP’s major investment properties in Hong Kong and monitored by the Energy Optimization Committee (EOC) (2) Although reduction targets have been met this year, the Group will closely monitor the progress in the coming years and consider if any adjustment is appropriate to the current targets; Progress in FY2026 will be published in Oct 2026 45 Electricity Consumption Greenhouse Gas Emissions Water Consumption Waste Diversion To reduce the electricity consumption intensity of its EOC-monitored buildings(1) by 13% To reduce scope 1 and 2 GHG emissions intensity of its EOC-monitored buildings (1) by 35% To reduce the water use intensity of its EOC-monitored buildings(1) by 5% To avoid sending construction waste directly to landfills To achieve an annual diversion rate of at least 70% of construction waste in Hong Kong construction projects within the reporting scope 10-year Targets for FY2030 (baseline year: FY2020) ~14.3% ~7.6% Progress in FY2025(2) ~35.6% ~96.1% diversion rate To achieve LEED certification across all new investment properties To attain LEED Gold or Platinum ratings for core commercial projects under development Green Buildings
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FY2026 Annual Results Appendix: Sustainability Performance (Cont’d) 46 (1) Scope 3 includes specific indirect emissions that occur in the upstream (e.g. supply chain) and downstream (e.g. customers) activities of an organization (2) For the disclaimer, please refer to: https://www.shkp.com/en-US/sustainable-development/sustainability-reports (3) Inclusion in the Dow Jones Best-in-Class World Index and the Dow Jones Best-in-Class Asia Pacific Index (4) Please refer to MSCI disclaimer: https://www.shkp.com/html/sustainable-development/mscidisclaimer2.html Local Ratings and Recognitions(2) ‘AAA’ rating constituent of Hang Seng Corporate Sustainability Index and Hang Seng (Mainland and Hong Kong) Corporate Sustainability Index International Ratings and Recognitions(2) A constituent since 2018 MSCI ESG Rating(4) maintained at AA as of Jun 2026 Climate-related Disclosures Enhanced disclosures by referencing the ISSB IFRS S2 Climate-related Disclosures and the latest HKEx’s ESG Code Part D under the four pillars – Governance, Strategy, Risk Management and Metrics and Targets Strengthened disclosure of Scope 3 emissions(1) with expanded reporting scope Included in the S&P Global Sustainability Yearbook and S&P Sustainability Yearbook (China) ‘Low Risk’ by Morningstar Sustainalytics (3) Sustainability Report 2025/26 Available in early Oct 2026
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FY2026 Annual Results