Lai Sun Garment (international) Ltd. · HKEX:191

Lai Sun Garment (international) — FY2026 Earnings Presentation

23 slides from Lai Sun Garment (international)'s earnings presentation, October 2026

  1. Slide 1: 2026 Annual Results Presentation

    2026 Annual Results Presentation Oct 2026

  2. Slide 2: Results summary – resilience and tenacity

    Results summary – resilience and tenacity 2026 Annual Results The Lam Family LSG LSD 47.23% HK and Int’l properties + hotels + F&B Holding LSD + small IP portfolio + eSun + LFH Lai Sun Garment (International) Revenue: HK$5,166m Limited (“LSG”) Revenue: HK$5,067m Stock Code: 191 Operating Loss: HK$1,

  3. Slide 3: FY26 highlights

    FY26 highlights A solid year in a difficult market. Recurrent income held, and the balance sheet improved. LSD net loss Recurrent income held Costs controls HK$2,397m Rental income was broadly stable. Hong Kong Administrative expenses and finance costs were from HK$2,874m occupancy stayed at 90% or

  4. Slide 4: Deleveraging

    Deleveraging Change since 31 July 2025: LSD reduced borrowings, dealt with the July 2026 USD notes, and moved back into net current assets. The audit no longer carries last year’s going-concern emphasis. LSD borrowings LSD gearing Net current assets Financial resources was HK$25.4bn was 91% was HK$4

  5. Slide 5: Three major business segments

    Three major business segments For the year ended 31 July 2026 HK Investment properties PRC Investment properties HK$425m HK$724m Down 4%. Office and retail occupancy at 90% or above. Flat in Hong Kong dollar term. Shanghai Skyline Tower and Guangzhou Lai Fung International Center carried the growth.

  6. Slide 6: Continuous cost control

    Continuous cost control Lower overhead, and a lower funding cost, at both LSD and LFH. Year ended 31 July 2026. Administrative expenses Administrative expenses HK$698m −9.4% HK$171m −15.9% Finance costs, before capitalisation Finance costs, before capitalisation HK$1,299m −10.4% HK$567m −8.5% Sellin

  7. Slide 7: How the results moved

    How the results moved LSD · loss narrowed LFH · turnover up, loss wider FY25 net loss1 FY26 net loss1 FY25 net loss1 FY26 net loss1 HK$2,874m HK$2,397m HK$419m HK$592m + Higher revenue mainly contributed by eSun Group’s operations. + Turnover HK$1,508m, up 17%, mainly contributed by the sale of Henq

  8. Slide 8: Hong Kong investment properties

    Hong Kong investment properties Property Total GFA (sq. ft.) Occupancy FY26 (HK$’m) FY25 (HK$’m) Change Cheung Sha Wan Plaza 643,703 91.3% 248.1 259.6 −4.4% Causeway Bay Plaza 2 206,038 91.5% 120.6 125.2 −3.7% Lai Sun Commercial Centre 169,244 96.0% 48.2 49.2 −2.0% Others 4,581 — 8.3 7.1 +16.9% LSD

  9. Slide 9: Chinese Mainland investment properties

    Chinese Mainland investment properties Property Total GFA (sq. ft.) Occupancy FY26 (HK$’m) FY25 (HK$’m) Change Shanghai Hong Kong Plaza 830,530 Retail: 96.2% / Office: 88.3% 233.2 251.3 −7.2% Shanghai May Flower Plaza 320,314 92.4% 35.3 38.2 −7.6% Shanghai Regents Park 82,062 100% 12.7 11.1 +14.4% S

  10. Slide 10: Property sales – LSD, HK

    Property sales – LSD, HK Concluding sale of existing projects as previously guided Bal Residence The Parkland Total Salable area: 62,148 sq.ft. (54,642 sq.ft. of residential) Total Salable area: 36,720 sq.ft. No. of units available for sale: 156 No. of units available for sale: 112 Progress to date:

  11. Slide 11: Property sales – LFH, China

    Property sales – LFH, China Concluding sale of existing projects Zhongshan Palm Spring (concluding) Novotown Phase I (residual stock) Progress to date: Progress to date: Novotown Phase II Recognised in FY26: HK$117.1m (inc. carparks) Recognised in FY26: HK$83.0m To be recognised in FY27: HK$32.4m (i

  12. Slide 12: Properties under development – LSD, HK

    Properties under development – LSD, HK Mount Broadcast, Kowloon Tong 1 Kotewall Road project, Mid-Levels Total GFA: approx. 71,600 sq. ft. Total GFA: approx. 55,200 sq. ft. Number of residential units: 46 (inc. 2 houses) Number of residential units: 27 Estimated total investment: ~HK$2.3bn Estimated

  13. Slide 13: Hotel revenue steady – LSD, HK

    Hotel revenue steady – LSD, HK Revenue* (HK$ m) Occupancy# (%) Ocean Park Marriott Hotel 551 516 79% 484 425 420 428 74% 74% 73% Caravelle Hotel (Vietnam) 69% 68% Ocean Park Marriott Caravelle (Vietnam) Ocean Park Marriott Caravelle (Vietnam) 2024 2025 2026 2024 2025 2026 * For the years ended 31 Ju

  14. Slide 14: Hotel revenue steady - LFH, China

    Hotel revenue steady - LFH, China Revenue* (HK$ m) Occupancy# (%) Ascott Huaihai Road Shanghai 148 149 147 87% 83% 81% 76% 74%72% Hyatt Regency Hengqin 70% 66% 68% 103 105 99 STARR Hotel Shanghai 29 26 25 Ascott Huaihai Rd Hyatt Regency STARR Hotel SH Ascott Huaihai Rd Hyatt Regency STARR Hotel SH S

  15. Slide 15: Financial position – LSD

    Financial position – LSD Successful refinancing of loans such as CSW Plaza, Causeway Bay Plaza and Lai Sun Commercial Centre Total borrowings fell from HK$25.4bn to HK$23.0bn Cash HK$4.0bn + Undrawn facilities HK$1.9bn Maturity profile as reported (in HK$ bn) Key components of obligations within 1 y

  16. Slide 16: Financial position – LFH

    Financial position – LFH Successful refinancing of Lai Fung Tower offshore loan and SHHK Plaza syndicated loan this year Cash HK$1.5bn + Undrawn facilities HK$1.4bn as the results date Maturity profile as reported (in HK$ bn) Key components of obligations within 1 year under LFH: As at 31 Jul 2026 H

  17. Slide 17: Disposals: HK$7.6 billion of the HK$8 billion plan

    Disposals Of the HK$8 billion plan HK$7.6 billion Gross proceeds achieved on completion. About HK$1.15 billion of this is from LFH. HK$7.6bn achieved HK$8bn target CCB Tower New Vision Fund Camper & Nicholsons 30 June 2026 6 March 2026 14 July 2026 Net HK$2.4bn Net HK$114m Net HK$277m Sale of the in

  18. Slide 18: Recent Developments in Hengqin

    Recent Developments in Hengqin LAI SUN GROUP 麗新集團 18 Lai Sun Group © All rights reserved

  19. Slide 19: Hengqin Novotown Phase I – functions

    Hengqin Novotown Phase I – functions Hengqin Novotown Phase I has developed various infrastructures for cross-border e-commerce industrial hub along with its related ecosystem. This encompasses a cross-border e-commerce headquarters base, cross-border e-commerce influencer studios, a multifunctional

  20. Slide 20: Hengqin Novotown Phase I (cont’d) – performance

    Hengqin Novotown Phase I (cont’d) – performance “Hengqin-Macao Cross-border E-Commerce Industrial Park” Occupancy* Revenue# (%) (HK$ m) Hyatt Regency Hotel 70 146.7 Office 99 17.4 - serves 2,800 people and rising Serviced apartments (4/F-8/F) 100 1.8 - leased to healthcare/beauty company Serviced ap

  21. Slide 21: Hengqin Novotown Phase I – current retail tenant mix

    Hengqin Novotown Phase I (cont’d) – current retail tenant mix LAI SUN GROUP 麗新集團 21 Lai Sun Group © All rights reserved

  22. Slide 22: Hengqin Novotown Phase II – capturing synergies from Phase I

    Hengqin Novotown Phase II – capturing synergies from Phase I Estimated 3,000+ accommodation need from office tenants in Novotown Phase I T2 Office use T3 Sold (will commence operation in T1 Sold Nov 2026) T4 (6/21) T7 (Basement roof/9) T9 (6/7) T5 (2/19) T8 (2/9) T6 (10/22) T10 (Basement roof/10) T1

  23. Slide 23: Disclaimer

    DISCLAIMER •This document has been prepared by Lai Sun for marketing and general information exclusively for potential investors. •Lai Sun makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of cont

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