Clp Holdings Limited · HKEX:2
Clp — Investor Presentation (August 2026)
36 slides from Clp's investor presentation, August 2026
Slide 1: CLP Holdings Investor Presentation Introductory Pack
CLP Holdings Investor Presentation Introductory Pack August 2026
Slide 2: Disclaimer
Disclaimer Potential investors, analysts and shareholders of CLP Holdings Limited (the Company) and other recipients of this document are reminded that this document and any oral discussion made together with this document (the presentation) are provided for your information purposes only and you ma
Slide 3: About the CLP Group
About the CLP Group Customer accounts Smart meters Hong Kong Over 5.1 million Over 3.8 million connected for Hong Kong 2.9 million 2.2 million and Australia customers in Hong Kong in Australia Chinese Mainland Transmission/ distribution lines2,3 9.7 million in execution in India, with Over 17,800 km
Slide 4: Business units – 2025 capabilities along the value chain
Business units –2025 capabilities along the value chain Operating earnings*: Total assets: Operating earnings* by business units HK$M HK$9,544M HK$166.3b 12,000 G T D R S Hong Kong 9,000 HK$1,598M HK$36.4b 6,000 Group operating G T D R S 3,000 earnings* Taiwan Region & Chinese Mainland Southeast Asi
Slide 5: A history of returning cash to shareholders
A history of returning cash to shareholders CLP Ordinary Dividend Per Share* (1987 – 1H2026) and Shareholding by Category (as at 31 December 2025) HK$ Interests 3.50 Retail associated with investors Kadoorie Family 3.20 35% 35% 3.10 3.10 3.10 3.10 3.15 As at 3.00 31 Dec 2025 2.50 30% 1.21 1.21 1.21
Slide 6: Financial summary
Financial summary Free cash flow Capital investments Dividends and payout % (after deducting maintenance capex) ( Based on dividends declared and operating earnings before FV) HK$bn HK$bn Maintenance Total excl. maintenance Dividends Dividend payout % HK$bn 30 30 Acquisitions 30 120% 7.7% Others 25
Slide 7: Appendix 1: Environmental, Social & Governance
Core Values and Commitments Our Core Values guide us in fulfilling our mission and turning CLP’s vision into reality. Our Commitments are what each of us does every day and the promises we make to our stakeholders in how we uphold our Core Values. Vision Our vision is to a leading responsible energy
Slide 8: 2025 Double materiality assessment
2025 Double materiality assessment CLP adopts the double materiality approach with a framework operating on a three-year cycle to assess its business sustainability from both financial and impact perspectives. In 2025, CLP undertook the Year 2 assessment approach, reviewing the findings from Year 1
Slide 9: Financial and generation metrics by asset type
Financial and generation metrics by asset type • CLP’s integrated business includes energy retailing, transmission and distribution (T&D) and generation • Around half of our earnings are contributed by our energy retailing and T&D businesses • Over 50% of our generation portfolio is zero emission or
Slide 10: Key sustainability ratings and awards
Key sustainability ratings and awards Ratings* Climate Change score: A- S&P Global ESG Score : 61/100 Water score: B FTSE4Good : 4.0/5 MSCI ESG Ratings : AA Hang Seng Corporate Sustainability Index 2025-2026: Rating: 26.3 (Medium Risk)# Score: NZ-2 (advanced) AAA (Scale of severity 0 - 40+) (Second-
Slide 11: CLP Holdings Board Level Governance
CLP Holdings Board Level Governance The Board Composition and Diversity as at 26 Feb 2026: CLP Holdings Non-executive Directors CEO & Executive Director Independent Non-executive Directors Key highlights: Female Representation of 38% / Independent Non-executive Directors Representation of 54% 5 Fema
Slide 12: Our people – Group Executive Committee
Our people – Group Executive Committee* From left to right: Paul David TOMLINSON CHEN Tao Roger Mark Richard COLLETTE Chief Transformation Officer - CLP Power Hong Kong # Managing Director – China Managing Director – EnergyAustralia Andre Urban BLUMBERG Carlo Franciscus Christina Mathias Maria WOLTE
Slide 13: Appendix 2: Business Units Background
Appendix 2: Business Units Background Clockwise from top Left – Hong Kong Offshore LNG Terminal, Black Point Power Station, Black Point Power Station D2 and Black Point Power Station D1, Hong Kong.
Slide 14: Hong Kong
Hong Kong Guangzhou Pumped Hong Kong Storage Power Station PetroChina gas Daya Bay Nuclear from Second Power Station Scheme of Control (SoC) Agreement West-East Gas Shenzhen - China - Signed between CLP and the Hong Kong SAR Pipeline Government. - First SoC Agreement was signed in 1964. - Current So
Slide 15: Generation and storage portfolio
Generation and storage portfolio # Castle Peak Power Station (3,058/3,058 MW) Hong Kong - Castle Peak A4: 350 MW* - Castle Peak B1 to B4: 2,708 MW - Coal is mainly imported from Indonesia Black Point Power Station (3,850/3,850 MW) Hong Kong Offshore LNG Terminal Hong Kong - Units C1 to C8: 2,700 MW
Slide 16: Tariff, reliability, fuel prices and environmental improvement
Tariff, reliability, fuel prices and environmental improvement Hong Kong Low tariff Residential tariff % increase from Jan 2021 to Jan 2026 High reliability (FY2025) Unplanned customer minutes lost per year HK$/kWh London +64% 4.0 30 3.0 Sydney +34% 20 18 18 2.0 11 Singpaore +31% 10 1.0 1.8* 0.2 1.1
Slide 17: Tariff, energy cost, fuel mix and gas volume
Tariff, energy cost, fuel mix and gas volume Hong Kong Tariffs Energy Costs HK¢/kWh 160 HK$M 140.6 Average Net Tariff -8% 140 30,000 25,513 120 23,559 100 101.2 Basic Tariff 245 166 80 20,000 8,316 Others 60 8,647 Non-carbon 40 39.4* Fuel Cost Adjustment 20 Gas 0 10,000 14,344 Coal 2001 2006 2011 20
Slide 18: 2024-2028 Development Plan
2024-2028 Development Plan Hong Kong Growing asset base in support for Hong Kong’s continued economic growth, and low carbon journey. Average Net Tariff decreased in 2026 and Basic Tariff is expected to remain moderate in the coming two years. World class reliable and resilient electricity supply fo
Slide 19: Ongoing support to Hong Kong
Ongoing support to Hong Kong Black Point Power Station 2016 - 2022 2016-2022 Hong Kong Units C1-C8 upgrade project (200 MW), added onto 2,500 MW base capacity. 2020 Unit D1 (550 MW) achieved commercial operation. 2023 Hong Kong Offshore LNG Terminal went into service. Hong Kong Offshore LNG Terminal
Slide 20: Chinese Mainland
Chinese Mainland Generation business, 16% of Group assets 7,910 MW generation and storage capacity # Chinese Mainland As at 30 Jun 2026 Shandong ⚫ CLP Laizhou I & II ⚫ Lijin I & II ⚫ Guanxian I ⚫ Laiwu I, II & III ⚫ Rongcheng I, II & III ⚫ Guanxian ⚫ Penglai I ⚫ Weihai I & II Battery ⚫ Dongying
Slide 21: Generation and storage portfolio
Generation and storage portfolio# Orderly transition away from coal to non-carbon portfolio Wind (2,332/1,890 MW) Chinese Mainland MW CLP generation and storage capacity# in Chinese Mainland • Qian’an I, II & III (199/199 MW) • Xundian I, II & III (150/150 MW) 10,000 • Penglai I (48/48 MW) • Sandu I
Slide 22: Tariffs and market sales
Tariffs and market sales On-grid tariffs in the electricity market in Chinese Mainland are in transition to market-driven pricing mechanism. Chinese Mainland In most provinces, a portion or even the entire on-grid generation is subject to market tariffs. Nuclear Hydro • Daya Bay: Output to Hong Kong
Slide 23: Climate policy and national carbon market
Climate policy and national carbon market China has set ambitious climate change targets and phased tasks Chinese Mainland 2025 2030 2035 2060 • Reduce CO2 emissions per • Peak CO2 emissions. • Reduce economy-wide net GHG • Achieve Carbon unit of GDP by 18% • Reduce CO2 emissions per unit of GDP by
Slide 24: EnergyAustralia
EnergyAustralia • Integrated energy business serving 2.2 million customer accounts across southeast Australia. Generation & retail business • Its portfolio spans coal, gas, wind and solar generation, with a broad range of long-term 13% of Group assets EnergyAustralia 5,941 MW generation and st
Slide 25: Wholesale market
Wholesale market National Electricity Market (NEM) Overview Market Mechanics EnergyAustralia • The NEM is entering a new phase of the energy transition, driven by • The NEM wholesale market operates as a spot market, where generators rapid growth in utility-scale renewables and battery storage. sell
Slide 26: Retail market
Retail market EnergyAustralia Retail Price Regulation Customer Churn and Accounts 30% 1.4 • On an annual basis, regulators set an electricity price safety 1.2 25% 1.2 Jun-26 Jun-25 net, known as the Victorian Default Offer (VDO)1 and Default Dec-24 Dec-25 Jun-26 Jun-25 Jun-26 1.0 Dec-25 Market Offer
Slide 27: Apraava Energy
Apraava Energy • • Apraava Energy has invested in renewables for over two decades. Portfolio diversified by asset types and locations. Generation & transmission business • Focus on pursuing clean energy opportunities in partnership with CDPQ. Apraava Energy 1% of Group Assets 1,314 MW generati
Slide 28: Taiwan Region and Southeast Asia
Taiwan Region and Southeast Asia Generation business, 1% of Group assets Taiwan Region & 285 MW generation capacity # Southeast Asia As at 30 Jun 2026 Ho-Ping Lopburi (63/21 MW) Taiwan • Solar, located in Thailand. Region • 33.3% equity interest. • Return based on utilization. Chiang Mai Ho-Ping
Slide 29: Appendix 3: Group Financials
Appendix 3: Group Financials CLP Headquarters in Kai Tak, Hong Kong.
Slide 30: Annual operating earnings by business unit
Annual operating earnings by business unit Strong Hong Kong performance drives stability; Group results reflect market pressures and one-offs HK$M 2025 2024 Change Solid operations and continued capital investments in Hong Kong energy and related activities 9,544 8,895 7% lower interest rate environ
Slide 31: Financial capital
Financial capital Loan Balance - Type Currency of Funding Export Credit Loans Medium Term Notes/ Bonds AUD JPY USD HKD Term Loans Money Market Loans HK$M HK$M 70,000 30,000 30,000 60,000 29% 25,000 25,000 37% 50,000 20,000 20,000 58% 57% 40,000 15,000 15,000 59% 30,000 50% 10,000 10,000 20,000 5,000
Slide 32: CLP Climate Action Finance Framework and debt
CLP Climate Action Finance Framework and debt CLP Climate Action Finance Framework (CAFF) Debt – Historic Data Leading the transition: CLP leverages sustainable finance to accelerate decarbonisation Debt Maturity Emission Reduction- Emission Reduction- Emission Reduction- linked Loans* linked Loans*
Slide 33: Relative performance
Relative performance Total Returns*: CLP vs Hang Seng Index (2021 to 1H2026) 80 % CLP Holdings 60 Hang Seng Index Base: 31 December 2020 40 20 0 -20 -40 Source: Bloomberg -60 2020 2021 2022 2023 2024 2025 2021 2022 2023 2024 2025 1H26 * Total Returns = capital gain plus dividends, and assuming divid
Slide 34: Key financials
Key financials HK$M 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 Revenue 88,018 90,964 87,196 100,662 83,959 79,590 85,689 91,425 92,073 79,434 Consolidated EBITDAF 25,264 25,830 18,066 16,586 22,880 25,254 18,656 28,571 27,662 12,301 Earnings attributable to shareholders 10,468 11,742 6,655 92
Slide 35: Additional Resources
Additional Resources Scan or click on the QR codes to go to appropriate pages Materiality Interim Report Annual Report Sustainability Report Assessment Report 2026 2025 2025 2025 Interim Results Annual Results Presentation Presentation Climate Vision 2050 August 2026 February 2026 2024 Edition Websi
Slide 36: Thank you!
Thank you！ You can access this presentation and other materials through our website or CLP IR App which can be downloaded onto your mobile device by clicking here or by If you have any questions, scanning this code below. please contact IR team or email [email protected] 36