SOHO China : 2023 Interim Results Presentation

CHINA'S LEADING

OFFICE LANDLORD

2023 INTERIM RESULTS PRESENTATION

SEPTEMBER 2023

China's Leading Office Landlord

• High Quality Assets - Holding 1.26 million sqm of prime location commercial properties in Beijing and Shanghai
• Solid Value Protection - Occupancy steadily increased. Asset scarcity, value protection in an increasingly complex and uncertain environment
• Robust Operating Cash Flow - All projects under mature operating with diverse tenant mix providing a stable rental income
• Stable Financial Position - No pressure on ongoing projects and large capital expenditures, low gearing ratio, healthy debt maturity profile and stable financing cost
• Reinforce green basement -Fulfilling green & environmental protection, advocating for green leasing, gaining accreditations by authoritative institutions

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Interim Results Summary of 2023

• The average occupancy of the Group's investment properties stabilized and recovered to approximately 79% as at 30 June 2023.
• Despite an increasingly challenging office and retail property leasing markets due to weak macro-economic environment, the Group achieved revenue of approximately RMB822 million for the Period.
• Gross profit margin remained stable and was approximately 83% for the Period.
• Profit attributable to owners of the Company from operating activities (excluding valuation changes on investment properties and one-off tax and administrative fees and charges) was approximately RMB207 million for the Period.
• As at 30 June 2023, net gearing ratio of the Group was approximately 42%, and average funding cost was approximately 4.7%.

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Holding prime location office buildings in Beijing and Shanghai

• Office buildings in prime location of Beijing & Shanghai with great scarcity

• Projects completed and stabilized ,offers greater value protection

Leasable Areas by Location

Value of Investment Properties

Unit: RMB bn

46%
	54%	63.37	63.66	63.79	63.65
Beijing	Shanghai	2020	2021	2022	2023H1

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Occupancy stabilized

• Occupancy stabilized and recovered to 79%	• Profit (excluding valuation changes on
investment properties and one-off tax) increased
	to RMB207 million

Average Occupancy[1]

80%	76%	79%

2022H1 2022 2023H1

Profit

(excluding valuation changes on

investment properties and one-off tax)

Unit: RMB mn

179207

2021H1

2022H1

2023H1

Note [1]: Occupancy rate for office and retail areas at the end of relevant year	-294

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