New World Development : Group Announced FY2019 Interim Results

FY2019 interim results - 27 Feb 2019

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Corporate structure

HK stock code 17/ US ADR NDVLY

HK Hang Seng Constituent Stock/ Shanghai Shenzhen connect stockProperty development and investment in Hong Kong

New World China Land

Wholly owned subsidiary

Property development and investment in China

NWS Holdings

HK stock code 659/ Interest: 61%

Infrastructure and Service

New World Department Store China

HK stock code 825/ Interest: 75%

Department stores in China

(As at 31 Dec 2018)

Prospects

FY2019 interim results catalysts

Strategically positioned in the Greater Bay Area; capture growth with a series of unique catalysts

Hong Kong property development.Ample saleable resources with approximately 4,700 residential units + commercial projects. Contracted sales for FY2019 booking have been majorly secured

Hong Kong investment property. Rental income with decent growth and portfolio will further enhance with good projects in pipeline .3 mn sq ft Victoria Dockside progress as scheduled

China property development.Maintain a stable overall gross profit margin around 35-40% in property sales, with abundant saleable resources . Over 49% of core landbank are located in the Greater Bay Area

Financials.Financial position: 35.6% net gearing; HK$52bn consolidated cash on hand & bank balances . Handsome DPS with good dividend yield and actively consider share buyback to enhance shareholders value

Insight in business development

• . On going streamline and efficiency enhancement with non-core asset disposal potentials

• . Enhance the contribution from recurrent income from investment property operations

• . New businesses to enhance the experiences offered by NWD ecosystem

• . Leverage on innovation and technology to deliver best customer experiences

Financials