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Hutchison Telecom Hong Kong Holdings 和 記 電訊 香港 控股 2026 Interim Results Presentation CH A member of CK Hutchison Holdings
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Disclaimer The information, statements and opinions contained in this Presentation and subsequent discussion do not constitute an offer to sell or solicitation of any offer to subscribe for or purchase any securities or other financial instruments or any advice or recommendation in respect of such securities or other financial instruments. Potential investors and shareholders of the Hutchison Telecommunications Hong Kong Holdings Limited (“the Company”) (the “Potential Investors and Shareholders”) are reminded that information contained in this Presentation and any subsequent discussion comprises extracts of operational data and financial information of the Company and its subsidiaries (“the Group”) for the six months period ended 30 June 2026. The information included in this Presentation and subsequent discussion, which does not purport to be comprehensive nor render any form of financial or other advice, has been provided by the Group for general information purposes only and certain information has not been independently verified. No representations or warranties, expressed or implied, are made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information, statements or opinions presented or contained in this Presentation and any subsequent discussions or any data which such information generates. Potential Investors and Shareholders should refer to the 2026 Interim Report for the unaudited results of the Group which are published in accordance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. The performance data and the results of operations of the Group contained in this Presentation and any subsequent discussion are historical in nature, and past performance is no guarantee of the future results of the Group. Any forward-looking statements and opinions contained in this Presentation and subsequent discussion are based on current plans, beliefs, expectations, estimates and projections at the date the statements and opinions are made, and therefore involve risks and uncertainties. There can be no assurance that any of the matters set out in such forward-looking statements are attainable, will actually occur or will be realised or are complete or accurate. Actual results may differ materially from those stated, implied and/or reflected in such forward-looking statements and opinions. The Group, the Directors, officers, employees and agents of the Group assume (a) no obligation to correct, update or supplement the forward-looking statements or opinions contained in this Presentation and any subsequent discussion; and (b) no liability in the event that any of the forward-looking statements or opinions do not materialise or turn out to be incorrect. Potential Investors and Shareholders should exercise caution when investing in or dealing in the securities of the Company. 22
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Agenda 3 Results Highlights for Hong Kong Operations Financial Review Business Review & Development Sustainability Outlook Network & AI Development
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Results Highlights for Hong Kong Operations
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Results Highlights for Hong Kong Operations (1) 55 Notes: (1) Results for the period ended 30 June 2025 have been restated to conform with current year presentation to reflect the sale of the entire interests of the Group in a subsidiary which engaged in the mobile telecommunications business in Macau on 12 January 2026. Together with the profit from Macau operations of $2m, the Group’s profit attributable to shareholders for the period ended 30 June 2026 was $11m. (2) EBITDA represents the EBITDA of the Company and subsidiary companies as well as the Group’s share of the EBITDA of a joint venture. (3) EBIT represents the EBIT of the Company and subsidiary companies as well as the Group’s share of the EBIT of a joint venture. (4) Excluding telecommunications licences. Revenue $ 2,846 million Net customer service revenue $1,866 million Operating expenses $ 594 million EBITDA (2) $ 763 million EBIT (3) $ 18 million Capex (4) $169 million Interim dividend 2.28 HK cents +32% YoY +6% YoY 8% YoY less Stable +6% YoY 2% YoY less Stable
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Business Review & Development
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Multi-brand Strategy Maximising Market Coverage through Differentiated Brands and Offers • Deliver premium connectivity, exclusive privileges and curated lifestyle experiences • Drive growth through integrated connectivity, digital lifestyle, roaming and value-added services • Engage young customers through affordable digital experiences, entertainment and lifestyle offerings • Capture flexible and price-conscious users with contract-free, high-value connectivity solutions 7
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3SUPREME • Capture premium and high-value customers, providing seamless cross-regional mobile services worldwide • Opportunities to attend exclusive workshops and premium events • Thoughtful complimentary services delivered by award-winning retail team Deliver premium connectivity, exclusive privileges and curated lifestyle experiences Winning 2026 Outstanding QTS Merchant Service Staff Awards from Hong Kong Tourism Board Exclusive workshops and events for 3SUPREME customers Target : Premium and high-spending customers 8
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5G Broadband PRO Plan : • Hong Kong's first all-in-one solution combining 5G connectivity, cybersecurity and complimentary home insurance (1) 3 Hong Kong Health Fit 5G Plan : • Combines 5G connectivity with cross- border travel and health management services VIPet 5G Plan : • Integrates 5G services with pet healthcare, grooming and 24x7 veterinary support Note: (1) The above information constitutes a statement made by our company after, in the exercise of all reasonable endeavours, reviewing and analysing information published on the official websites of the five network operators in Hong Kong as of 00:00 on 7 May 2026. Drive growth through integrated connectivity, digital lifestyle, roaming and value-added services 10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 20% 0 100 200 300 400 500 600 700 800 900 1,000 1H 2025 1H 2026 5G Base 57% 64% 10% 20% 30% 40% 50% 60% 70% 80% 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1H 2025 1H 2026 5G Penetration +12% YoY +7%-pt YoY AI Token Free gadgets with 5G Broadband Plan Target : Mainstream and family customers 9
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MO+ • Launched new 5G plans with affordable pricing tailored for young customers • Bundled hottest games like gacha vouchers • Sponsored youth-focused events such as Hong Kong Comic Con 2026 and a school music tour to enhance brand awareness and engagement Engage young customers through affordable digital experiences, entertainment and lifestyle offerings Target : Gen Z and young customers 10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 20% 0 500 1,000 1,500 2,000 2,500 3,000 Before revamp After revamp Subscriptions +190% Hong Kong Comic Con 2026「人人和音 School Tour」2026 10
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10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 20% $0 $10 $20 $30 $40 $50 $60 $70 1H 2025 1H 2026 ARPU (1) Note: (1) Revenue generating base +8% YoY 10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 20% $0 $20 $40 $60 $80 $100 $120 $140 1H 2025 1H 2026 Revenue +11% YoY SoSIM • Local : Launched new plans with high data entitlement, 5G booster service and annual plans of supplementary SIM to cater to diverse customer needs • Roaming : Enhanced roaming proposition through inflight and cruise passes, overseas eShop expansion, and Ai Travel SIM cross-selling initiatives • Customer Experience : Deployed AI Sales Assistant to enhance customer engagement and sales conversion efficiency Capture flexible and price-conscious users with contract-free, high-value mobile service plans Target : Value seekers, flexible users and secondary SIM users 11
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Multi-segment Multi-service Strategy Complimentary Insurance Travel Insurance Home Insurance Protection Cyber Security “AI Net Protect” Content Management / Parental Control e-Locator ZoneAlarm Anti-scam Surveillance Cam Handset Protection Health Medical Packages Pet Health Lifestyle Cross-border Bus Passes Travel Vouchers Introduced new core lifestyle services, creating additional cross-sell and upsell opportunities to improve ARPU and stickiness 12
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Customer AI Adoption AI Glasses AI Tokens & Platforms SME AI Suite Bringing AI to consumers and enterprises through devices, platforms and business solutions • First in Hong Kong to collaborate with leading AI and AR eyewear brand INMO to launch the INMO GO3 AI Glasses • The first operator to collaborate with Basicware AI, offering 80 billion AI tokens to customers for free trials • One-stop AI solution for SMEs covering AI transformation consulting, AI-ready hardware, AI tools and 24/7 technical support AI Handsets • Providing cutting-edge AI smartphones backed by superior 5G performance and comprehensive plan choices AI Education AIoT in Property Management • Unified IoT devices on a single digital platform to enable real-time monitoring and predictive maintenance • All-round school-based AI education solutions • Gemini Enterprise • AI Aerospace Technology Course 13
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0 100,000 200,000 300,000 400,000 500,000 600,000 0 50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 500,000 1H 2019 1H 2025 1H 2026 Roaming Revenue Inbound Stable Outbound +29% YoY Overall +25% YoY 143% of Pre-Pandemic levels Roaming • Expanded World Plan benefits • Differentiated our roaming with embedded travel insurance • Enabled MoneyBack redemption to drive roaming adoption Leveraged 3 Group’s extensive international footprints and supported by our “Cross-network Roaming” service Local MarketGlobal Market • Extended eSIM footprints across both B2C and B2B business • Captured travel demand from global events to differentiate and strengthen our proposition 14
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10% 11% 12% 13% 14% 15% 16% 17% 18% 19% 20% $0M $20M $40M $60M $80M $100M $120M 1H 2025 1H 2026 Revenue (1) +43% YoY Note: (1) Exclude Application-to-Person SMS. 3Business Corporate Solutions Pioneering Autonomous Technology through 5G Innovation A significant milestone in our 5G journey, showcasing the transformative power of 5G in industrial automation Empowering SMEs with CMO & CTO Services Precise Digital Marketing Solutions Provided flexible, cost effective and one-stop solutions to SMEs Enhanced mobile advertising capabilities by introducing real time event-triggered use cases Wins "Best SME's Partner Award" for 2nd Year Organised by the Hong Kong General Chamber of Small and Medium Business Enterprise-grade Managed Security Operations Centre and Cyber Defence Solution Enabled enterprises to strengthen resilience, maintain compliance and support business continuity without adding operational burden 15
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Network & AI Development
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Strengthening Hong Kong and Cross-border Connectivity 17 From border coverage to integration capacity Growing mobility Supporting travellers, commuters and businesses relying on dependable cross-border connectivity. Expanded capacity Deployed additional radio resources and advanced technologies in high-traffic border areas. Customer experience Improved network resilience, bandwidth resources and service reliability for cross-border journeys. Lo Wu Cross-border capacity enhancement Enhanced n78 capacity to support peak passenger traffic and cross-border service demand. Shenzhen Bay Cross-border capacity enhancement Network upgrade supporting higher data usage and more resilient border connectivity. Healthcare Infrastructure The Chinese Medicine Hospital Reliable indoor and campus-capable connectivity supporting modern public service infrastructure. Public Service Enablement Transport Gateway Hong Kong International Airport Passenger Terminal 2 High-capacity coverage foundation for aviation gateway, passenger flows and connected travel experience. Mobility and Tourism Growth Innovation Corridor Hong Kong-Shenzhen I&T Park HSITP Connectivity readiness for cross-boundary innovation, innovation and technology collaboration and enterprise digital use cases. Innovation-led Growth
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Driving Enterprise Collaboration through Scalable 5.5G Connectivity Business-to-enterprise Collaboration Convert 5.5G capabilities into enterprise value Monetise premium connectivity in high-density venues Scale smart-industry use cases across operations Create repeatable B2B collaboration models Commercialisation Logic High-density Venues HKCEC / Events Smart Industry Ports / IoT Enterprise Collaboration Platform A simplified B2B model that packages connectivity, services and industrial use cases into scalable enterprise solutions Monetisation Collaboration Scalability 5.5G 18
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Scaling AI across Network and IT Operations AI as the Operating Layer Embedding intelligence across daily network and IT structures to enhance service assurance, operational efficiency, and overall customer consistency. SENSE Detect service signals earlier Continuous system data monitoring across multi-layer infrastructure enables immediate network anomaly detection. DECIDE Support faster diagnostics and insights Predictive intelligence translates diagnostic system data into operational priorities and actionable workflows. 1 2 3 ACT Automate workflows seamlessly An automated system resolves standard system anomalies and stabilises critical network delivery. Portfolio scale 100+ AI use cases 19
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Financial Review
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66% 34% 2,151 2,846 1H 2025 1H 2026 Revenue $2,846 m +32% YoY Multiple Growth Drivers Fuel Revenue Expansion (1) 1,759 1,866 1H 2025 1H 2026 Total Service Revenue ($m) • Stable growth in local service revenue • Continued growth in roaming service revenue (+25% YoY), benefiting from tourism growth and strong adoption of the Group's enhanced roaming solutions +6% YoY (1) 392 980 1H 2025 1H 2026 Hardware and Other Product Revenue ($m) • Continued demand for flagship mobile devices +150% YoY (1) Note: (1) Results for the period ended 30 June 2025 have been restated to conform with current year presentation to reflect the sale ofthe entire interests of the Group in a subsidiary which engaged in the mobile telecommunications business in Macau on 12 January 2026. 21 Total Service Revenue Hardware and Other Product Revenue Roaming Service Revenue Local Service Revenue
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40% of total customer base (1H 2025 : 41%) 60% of total customer base (1H 2025 : 59%) 3,226k +1% YoY Prepaid (1) 1,304k 1,297k Jun-26 Jun-25 Postpaid + 1% YoY+1% YoY Balanced Subscriber Growth across Prepaid and Postpaid Segments Broader market penetration in local markets Supported by a broader range of postpaid plan offerings 1,922k 1,899k Jun-26 Jun-25 3,226k 3,196k Jun-26 Jun-25 22 Notes: (1) Number of prepaid customers has been adjusted to align with the presentation basis of CK Hutchison Holdings Limited. (2) Results for the period ended 30 June 2025 have been restated to conform with current year presentation to reflect the sale ofthe entire interests of the Group in a subsidiary which engaged in the mobile telecommunications business in Macau on 12 January 2026. (2) (2) (2)
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Increased 5G Adoption and Customer Growth 0.9% 0.9% 1H 2025 1H 2026 Postpaid Churn 1H 2025 1H 2026 • Maintained momentum 5G Home Broadband Base • Effective customer engagement and retention 1H 2025 1H 2026 (1H 2025 : 57%) 64% • Encouraging 5G customer uptake 5G penetration rate (1) 5G customer base 5G penetration +7%-pt YoY +3% YoY Stable (2) (2) Notes: (1) 5G penetration = number of 5G customers to postpaid customer base in Hong Kong. (2) Results for the period ended 30 June 2025 have been restated to conform with current year presentation to reflect the sale ofthe entire interests of the Group in a subsidiary which engaged in the mobile telecommunications business in Macau on 12 January 2026. 23
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EBITDA less Capex $644m $594m 20% 25% 30% 35% 40% 45% 50% 0 100 200 300 400 500 600 700 800 1H 2025 1H 2026 Network operating costs Operating costs to service revenue $749m $745m 1H 2025 1H 2026 31 Dec 2025 30 Jun 2026 Notes: (1) Results for the period ended 30 June 2025 have been restated to conform with current year presentation to reflect the sale ofthe entire interests of the Group in a subsidiary which engaged in the mobile telecommunications business in Macau on 12 January 2026. (2) Cash and bank balances of the Group as at 30 Jun 2026 included short-term bank deposits with original maturity beyond three months of $3,393m (31 Dec 2025: $3,153m). • Lower renewal cost of the 900 MHz spectrum during the period • Drive higher cost efficiency and financial discipline $172m $169m 1H 2025 1H 2026 24 $3,758m $3,748m Effective Cost-saving Efforts and Financial Discipline • Strategic investments for network optimisation • Healthy cash position • Debt-free balance sheet and prudent financial management Operating Expenses Depreciation and Amortisation Capital Expenditure (exclude telecommunications licences) Net Cash (2) $594m $594m 10% 9% 0% 5% 10% 15% 0 100 200 300 400 500 600 700 1H 2025 1H 2026 EBITDA less Capex Capex over service revenue % Stable +1%-pt YoYCapex over Service Revenue 8% YoY less 1% YoY less 2% YoY less (1) (1) (1) (1)
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Sustainability
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Sustainability 26 Sustainable Business Model & Innovation Environment Social Provided 5G support for Hongkong International Terminals to launch the first fleet of autonomous trucks in Hong Kong Launched AI Net Protect, a security service that blocks malicious websites and harmful content in real time without app installation HTHKH Employee Wellness Day Ongoing employee AI and automation training Served as official partner of Art Basel Hong Kong for 5 th consecutive year Governance Received the Carbon Award 2026 from Greater Bay Area Carbon Neutrality Association Strengthened AI Governance through establishment of AI Committee Continued to deploy cyber security trainings and company-wide phishing exercises for employees Collaborated with Ocean Park to launch the "Green Tech Journey: AI Conservation and Renewable Energy Programme" Circular Economy Practices • Handsets and accessories recycling programme • Handsets trade-in programme
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Outlook
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Strengthening 5G Leadership through Ecosystem Expansion • Drive sustainable 5G growth through differentiated lifestyle-centric service offerings Winning the Next Generation of Customers • Strengthen youth market penetration through targeted propositions and digital engagement Unlocking Growth from Global Connectivity Demand • Capitalise on growing travel demand through innovative roaming and international connectivity offerings Accelerating Enterprise Digital Transformation and AI Adoption • Drive enterprise growth through AI and digital transformation while unlock new business opportunities through technology solutions Building Future Growth Engines • Scale AI, IoT , cybersecurity and digital services to diversify revenue streams and drive long-term growth Outlook 28
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Thank You
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Financial Information Appendix HK$ million 1H 2026 1H 2025 Revenue 2,846 2,151 Net customer service revenue 1,866 1,759 Hardware and other product revenue 980 392 Net customer service margin 1,390 1,462 Net customer service margin % 74% 83% Standalone hardware and other product sales margin 32 3 Total margin 1,422 1,465 CACs (190) (175) Less: Bundled sales revenue 99 95 CACs (net of hardware and other product revenue) (91) (80) Operating expenses (594) (644) Opex as a % of net customer service margin 43% 44% Share of EBITDA of a joint venture 26 25 HK$ million 1H 2026 1H 2025 EBITDA 763 766 Service EBITDA 731 763 Service EBITDA margin % 39% 43% CAPEX (exclude telecommunications licences) (169) (172) EBITDA less CAPEX 594 594 Depreciation and amortisation (2) (745) (749) EBIT 18 17 Net interest and other finance income (2) 34 42 Profit before taxation 52 59 Taxation (2) (43) (42) Profit from Hong Kong operations 9 17 Profit/(loss) from Macau operations 2 (11) Profit attributable to shareholders 11 6 Notes: (1) Results for the period ended 30 June 2025 have been restated to conform with current year presentation to reflect the sale of the entire interests of the Group in a subsidiary which engaged in the mobile telecommunications business in Macau on 12 January 2026. (2) Depreciation and amortisation, net interest and other finance income and taxation include the Group’s share of joint venture’s respective items. (1) (1)