FY2016 Annual Results

Strategic Focus

Balanced Growth

For the year ended 30 June 2016

(HK$’M)

2015

(HK$’M)

Change

(%)

Revenue 29,497.8 24,491.8 20

Attributable Operating Profit

(AOP) 4,739.6 4,456.6 6

Profit Attributable to

Shareholders (PAT) 4,912.8 4,477.6 10

Basic Earnings per share (HK$) 1.30 1.19 9

Dividend per share (HK$) 0.65 0.60 8

2

Financial Summary

3

Financial Position

As at

30 Jun 2016

(HK$’M)

As at

31 Dec 2015

(HK$’M)

Total cash and bank balances 8,924 11,369

Total debt 15,065 18,456

Net debt position 6,141 7,087

Net gearing ratio 13% 16%

Infrastructure

基建

Roads

道路

Environment

環境

Logistics

物流

Aviation

航空

Services 服務

Facilities Management

設施管理

Construction & Transport

建築及交通

Strategic Investments

策略性投資

4

NWS Investment Portfolio

1,901 2,124

2,556 2,616

0

1,000

2,000

3,000

4,000

5,000

FY2015 FY2016

Hong Kong

Mainland China & Others

HK$’M

(43%)

(55%) (57%)

(45%)

1,832 1,884

2,625 2,856

0

1,000

2,000

3,000

4,000

5,000

FY2015 FY2016

Infrastructure

Services

(59%)

HK$’M

(41%) (40%)

(60%)

By Segment

4,457

By Region

4,740 4,457

5

Attributable Operating Profit

4,740

6

Infrastructure

Roads Environment

Logistics Aviation

Roads

16 Roads and related projects in Guangdong,

Guangxi, Shanxi, Zhejiang and Tianjin

1 Tunnel project in Hong Kong

Environment

26 Water treatment projects in the PRC and

Macau

1 Incineration plant in Shanghai

3 Sludge treatment projects in the PRC

1 Landfill project in Hong Kong

6 Technical consultancy companies in the

PRC and Hong Kong

2 Strategic investments in Chongqing

3 Power Plants in the PRC

1 Coal distributor in Guangzhou

Logistics

1 Logistics centre in Hong Kong

1 Rail container terminals project in the PRC

3 Port projects in Xiamen and Tianjin

Aviation

1 Airport project in Beijing

2 Global aircraft leasing projects

Total

Projects 68

As at 20 September 2016 7

Infrastructure

For the year ended 30 June 2016

(HK$’M)

2015

(HK$’M)

Change

(%)

Roads 1,259.8 1,201.0 5

Environment 469.8 631.4 26

Logistics 702.6 548.9 28

Aviation 424.0 243.6 74

Total 2,856.2 2,624.9 9

8

AOP by Segment Infrastructure

9

Roads Infrastructure

26%

FY2016 AOP

1,201 1,260

0

200

400

600

800

1,000

1,200

1,400

FY2015 FY2016

(+5%)

27%

FY2015 AOP

AOP – Roads

HK$’M

Highlights – Roads

10

259

146

83

36

286

156

84

47

0

100

200

300

Guangzhou City Northern Ring Road 廣州市北環高速公路

Beijing-Zhuhai Expressway (Guangzhou-Zhuhai Section)

京珠高速公路 (廣珠段)

Hangzhou Ring Road 杭州繞城公路

Tangjin Expressway (Tianjin North Section)

唐津高速公路 (天津北段)

Overall traffic up 12%

Tangjin Expressway (Tianjin North Section) – full-year impact of operation after expansion

Average Daily Traffic Flow Vehicles ‘000

Roads Infrastructure

Highlights – Roads (Cont’d)

11

1,796

2,898

4,952

1,092

1,955

3,050

5,173

1,584

0

1,000

2,000

3,000

4,000

5,000

6,000

Guangzhou City Northern Ring Road 廣州市北環高速公路

Hangzhou Ring Road 杭州繞城公路

Tangjin Expressway (Tianjin North Section)

唐津高速公路 (天津北段)

Beijing-Zhuhai Expressway (Guangzhou-Zhuhai Section)

京珠高速公路 (廣珠段)

Steady revenue growth

AOP up 23% without the impact of RMB depreciation

Average Daily Toll Revenue RMB ‘000

Roads Infrastructure

10%

FY2016 AOP

14%

FY2015 AOP

631 470

0

100

200

300

400

500

600

700

FY2015 FY2016

(-26%)

AOP – Environment

HK$’M

12

Environment Infrastructure

Water and waste AOP up 6%

Sino French Water 中法水務 – water projects treatment volume up 4%

Chongqing Derun Environment 重慶德潤環境 – 6-month AOP contribution

Energy AOP fell by 72%

Electricity sales volume down 27%

Average coal-fired on-grid tariff cut by 7% since Jan 2016

Coal trading business impacted by falling coal prices and margins

AOP down 16% without the impact of RMB depreciation

Highlights – Environment

13

Environment Infrastructure

Sino French Water maintaining growth momentum

Business expansion

• Water / waste water – capacity reached 8 million m3 per day

• Qingdao Dongjiakou Waste Water Plant (operational Jan 2016)

• Yangzhou Sludge Treatment Plant (operational May 2016)

• Suzhou Xiangcheng Sludge Treatment Plant (operational end of 2017)

Tariff increase

• Macau Water Plant up 4.3% (effective Oct 2015)

• Sanya Water Plant up 27.6% (effective Feb 2016)

Highlights – Environment (Cont’d)

14

Environment Infrastructure

Chongqing Derun Environment

Chongqing Water Group (SH:601158)

• Water / waste water – capacity 4.2 million m3 per day

Chongqing Sanfeng Environmental Industrial Group

• Waste-to-Energy – capacity 9,600 tonnes per day

Soil remediation and industrial waste projects under development

Highlights – Environment (Cont’d)

15

Environment Infrastructure

15%

FY2016 AOP

12%

FY2015 AOP

549 703

0

200

400

600

800

FY2015 FY2016

(+28%)

AOP – Logistics

HK$’M

16

Logistics Infrastructure

ATL Logistics Centre

NWS Kwai Chung Logistics Centre

97.4% occupancy rate

Average rental up 15%

Disposal completed in Aug 2016

Fair value gain of HK$850 million recognized in relation to the disposal

Highlights – Logistics

17

Logistics Infrastructure

ATL Logistics Centre

Throughput up 11%

Steady growth momentum since merger in Dec 2013

Xiamen Container Terminal Group 廈門集裝箱碼頭集團

Tianjin port projects throughput down 4%

Highlights – Logistics (Cont’d)

18

Logistics Infrastructure

Xiamen Container Terminal Group

Throughput up 14% to 2.1 million TEUs

reflecting rising demand for break-bulk cargo

(批量快運) and international block train services

Tianjin and Urumqi terminals operational in FY2017

Guangzhou terminal under development

China United Int’l Rail Containers (CUIRC)

Terminals in operation

• Kunming • Chongqing • Chengdu • Zhengzhou

• Qingdao • Wuhan • Xian • Dalian

Terminals under construction

• Tianjin • Urumqi

Highlights – Logistics (Cont’d)

19

Logistics Infrastructure

9%

FY2016 AOP

6%

FY2015 AOP 244 424

0

100

200

300

400

500

FY2015 FY2016

(+74%)

AOP – Aviation

HK$’M

20

Aviation Infrastructure

Passenger throughput up 3% to 91 million

International passengers up 9%

Revenue up 7%

Beijing Capital International Airport (BCIA)

北京首都國際機場

BCIA

Highlights – Aviation

21

Aviation Infrastructure

Full-year AOP contribution

Fleet size reached 68 (AUM USD2.7 billion)

Committed to 80 aircraft (as at 31 Aug 2016)

Young fleet (average 4 years) with long leases attached (average 7 years)

Goshawk Aviation Limited (Goshawk)

Highlights – Aviation (Cont’d)

22

Aviation Infrastructure

Feb 2015 Jun 2015 Jun 2016

No. of aircraft 27 40 68

No. of lessees 15 18 30

No. of countries 13 16 22

Goshawk’s portfolio as at 30 Jun 2016

Asia 51%

Europe 21%

Australia 10%

America 18%

A320 54%

B737 40%

Others 6%

Aircraft type Geographical Spread

Highlights – Aviation (Cont’d)

23

Aviation Infrastructure

Second aircraft leasing platform established in Dec 2015

Effective interest 40% (CTFE 40%; Aviation Capital Group 20%)

Immediate cash flow and AOP contribution expected in FY2017

Bauhinia Aviation Capital Limited

24

Aviation Infrastructure

Highlights – Aviation (Cont’d)

HKCEC

25

Construction Transportation

Free Duty Shops

Services

For the year ended 30 June 2016

(HK$’M)

2015

(HK$’M)

Change

(%)

Facilities Management 645.0 861.5 25

Construction & Transport 911.6 691.1 32

Strategic Investments 326.8 279.1 17

Total 1,883.4 1,831.7 3

26

AOP by Segment Services

14%

FY2016 AOP

19%

FY2015 AOP

862 645

0

300

600

900

FY2015 FY2016

(-25%)

AOP – Facilities Management

HK$’M

27

Facilities Management Services

HKCEC

Steady revenue despite reduced

patronage

Events up 3%

Free Duty

Performance reflected rising rentals and slowing retail sales

Impact partly mitigated by growth momentum at Lok Ma Chau Station

HKCEC

Highlights – Facilities Management

28

Facilities Management Services

19%

FY2016 AOP

16%

FY2015 AOP

691 912

0

200

400

600

800

1,000

FY2015 FY2016

(+32%)

AOP – Construction & Transport

HK$’M

29

Construction & Transport Services

Construction

Revenue growth of 32% supported by rising job margins

Gross contract-on-hand: HK$69.7 billion

Remaining value: HK$38.6 billion

Transport

Overall performance enhanced by lower fuel costs and rising

patronage from airport bus services

Recovery from Occupy Central Movement and the subsequent

rollout of MTR West Island Line in FY2015

Highlights – Construction & Transport

30

Construction & Transport Services

7%

FY2016 AOP

6%

FY2015 AOP

279 327

0

50

100

150

200

250

300

350

FY2015 FY2016

(+17%)

AOP – Strategic Investments

HK$’M

31

Strategic Investments Services

AOP & PAT

0

1

2

3

4

5

6

AOP

PAT

CAGR: 8%

CAGR: 10% H

K$’ B

illi

on

32

Net Assets

$9.9B

0

5

10

15

20

25

30

35

40

45

50

HK

$’ B

illi

on

CAGR: 14%

$45.9B

33

Roadmap to sustainable value creation

Roads

Environment

Logistics

Aviation

Continuous growth in car ownership in Mainland China

Hangzhou Ring Road wholly-owned by the Group

Amendment of “Regulation on the Administration of Toll Roads”

收費公路管理條例 expected in 2H2016

13th Five-year Plan and Public-Private Partnership opportunities

“Belt and Road Initiative” and policy support

Global aircraft fleet size anticipated to double by 2035

34

Infrastructure Outlook & Conclusion

Enhancing resilience with healthcare services

Free Duty

Construction

Gleneagles Hong Kong Hospital

Challenging retail environment

Capitalize on the vibrant construction

market and strong order book

Target to open in early 2017

Gleneagles Hong Kong Hospital

35

Services Outlook & Conclusion

NWS Holdings Limited (“NWS”) makes no representation or warranty of any kind, express,

implied or statutory regarding the accuracy or completeness of the information contained. The

information in this presentation is prepared solely for information purposes only.

Users and readers are cautioned not to place reliance on forward-looking information

contained in this presentation. NWS is under no obligation whatsoever to update or revise any

forward-looking statements to reflect events or circumstances that arise subsequent to the

release of this presentation.

This presentation should not be treated or relied upon to form the basis of any investment

decision. Neither does it constitute or form part of any advice to sell or an invitation to

subscribe for, hold or purchase any securities or any other investments.

NWS and/or its affiliated companies and/or their respective employees or Agents will not

accept any responsibility nor liability for any damages or losses of any kind arising from the

reliance or use of the information contained herein.

Disclaimer

Q&A Session