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FY2015 INTERIM RESULTS

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IMPORTANT NOTICE This presentation and the accompanying slides (the “Presentation”) which have been prepared by New World China Land Limited (the “Company”) have been prepared and furnished solely for information purposes and do not constitute an offer, recommendation or invitation to subscribe for or purchase any securities and nothing contained herein shall form the basis of any contract or commitment whatsoever. This Presentation may not be reproduced or redistributed to any other person. In particular, these materials are not for distribution, directly or indirectly, in or into the United States (including its territories and possessions, any State of the United States and the District of Columbia). These materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States or elsewhere. The information contained in this Presentation has been taken from sources deemed reliable by the Company. However, no representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained herein and none of the Company and/or its affiliated companies and/or their respective employees and/or agents accepts any responsibility or liability as to, or in relation to, the accuracy or completeness of the information and opinions contained in this Presentation or as to any information contained in this Presentation or any other such information or opinions remaining unchanged after the issue thereof. There is no obligation to update, modify or amend this Presentation or to otherwise notify the recipient if any information, opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate. You acknowledge and agree that the Company and/or its affiliated companies and/or their respective employees and/or agents has / have no responsibility or liability (express or implied) whatsoever and howsoever arising (including, without limitation for any claim, proceedings, action, suits, losses, expenses, damages or costs) which may be brought against or suffered by any person as a result of acting in reliance upon the whole or any part of the contents of this Presentation and neither the Company, its affiliated companies nor their respective employees or agents accepts any liability for any error, omission or misstatement, negligent or otherwise, in this Presentation and any liability in respect of the Presentation or any inaccuracy therein or omission therefrom which might otherwise arise is hereby expressly disclaimed. Certain statements contained in this Presentation may be statements of future expectations and other forward looking statements that are based on third party sources and involve known and unknown risks and uncertainties. Forward looking statements contained in this Presentation regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. There is no obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise. You should not place undue reliance on forward‐looking statements, which speak only as of the date of this Presentation. The information contained in this Presentation is not to be taken as any recommendation made by the Company or any other person to enter into any agreement with regard to any investment. By participating in this Presentation or by accepting any copy of the slides presented, you agree to be bound by the foregoing limitations.

Disclaimer

FY2015 interim results - highlights

FY2015 interim - AOP analysis by segment

FY2015 interim - property sales performance

Land Bank

FY2015 interim completion

FY2015 2H completion

Major investment properties

Hotel operations

Corporate structure

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FY2015 Interim results - highlights

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FY2015 interim HK$’m

FY2014 interim HK$’m

Changes %

Revenues 8,699 11,884 ⬇ 27%

Gross profit 3,122 5,583 ⬇ 44%

Core profit 1,119 2,915 ⬇ 62%

Profit attributable to shareholders 1,515 3,395 ⬇ 55%

As at 31.12.2014 As at 30.6.2014 Changes %

Net Gearing (%) 43% 36% ⬆ 7% pt

Total Equity (HK$’m) 63,414 61,319 ⬆ 3%

FY2015 interim results - Revenues

FY2015 interim HK$’m

FY2014 interim HK$’m

Changes %

Sale of properties 7,136 10,480 ⬇ 32%

Rental income 415 367 ⬆ 13%

Income from hotel operation 206 188 ⬆ 10%

Property management service fee income 262 214 ⬆ 22%

Hotel management services fee income 265 240 ⬆ 10%

Income from other operations 415 395 ⬆ 5%

Total 8,699 11,884 ⬇ 27%

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Contracted sales

Contracted sales FY2015 interim FY2014 interim

Gross Proceeds (Rmb’m) 7,231 9,320

Sales volume (sq m) 501,425 648,918

Unit selling price (Rmb/sq m) 13,962 13,909

Contracted sales secured to be recorded in the consolidated income statement of FY2015 2H

Gross Proceeds (Rmb’m) 2,391

Sales volume (sq m) 140,308

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AOP analysis

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FY2015 interim HK$’m

FY2014 interim HK$’m

Change % Analysis

Property sales 1,297 3,092 ⬇ 58% • Decrease in recorded sales by 30% and completion by 45%

• Increase in ASP by 14% and drop in GP margin by 10.5 pt

Rental operation 306 292 ⬆ 5% • Increased AOP from rental rates increase for office premises in Wuhan

and increased occupancy in Shanghai K11 Art Mall

Hotel operation (124) (85) ⬇ 46% • Premature results of NW Beijing Hotel and pre-operating expenses

incurred for NW Guiyang Hotel

Property management

(61) (53) ⬇ 16%

Hotel management services

6 2 ⬆ 161% • Increase in income from Rosewood Hotels and Resort Group and increase

in management contracts and technical services contracts entered

Others (5) 18 ⬇ 125%

AOP from operations

1,419 3,266 ⬇ 57%

Finance costs (209) (206) ⬇ 1%

Corporate items (91) (145) ⬆ 38%

Profit before exceptional items

1,119 2,915 ⬇ 62%

Fair value/exchange gains less amortisation

396 480 ⬇ 18% • Decrease in exchange gains by 213m, increase in fair value changes of

investment properties portfolio by 152m and recording of impairment loss of intangible assets amounted to 56m

Profit for the period 1,515 3,395 ⬇ 55%

Property sales – performance parameters

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FY2015 interim FY2014 interim Changes %

Completion (sq m) 522,702 955,166 ⬇ 45%

Recorded sales volume (sq m) 498,471 771,109 ⬇ 35%

Recorded gross sales proceeds (Rmb’m) 6,786 9,714 ⬇ 30%

Average gross profit margin (%) 40.4 50.9 ⬇ 10.5 pt

Average selling price (Rmb/sq m) 14,870 13,073 ⬆ 14%

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• Current portfolio: consists of 34 projects under development

• Total GFA of the Group’s existing landbank (by usage) is

Residential 60%

Commercial 9%

Office 6%

Hotel 3%

Others 22%

Land Bank by usage GFA (million sq m)

Residential 14.6

Commercial 2.3

Office 1.6

Hotel 0.6

Carpark & ancillary facilities 5.6

Total 24.7

Land Bank

24.7 million sq m

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Cities

FY2015 interim GFA (sq m)

FY2014 interim GFA (sq m)

1st–tier 307,417 144,283

2nd–tier 158,176 639,948

3rd–tier 57,109 170,935

Total 522,702 955,166

Completion by region

Guangzhou 26%

Tianjin 20%

Zhaoqing 7%

Foshan 30%

Langfang 4% Shenzhen 13%

Completed projects during FY2015 1H

Guangzhou 13%

Zhuhai 13%

Zhaoqing 5%

Guiyang 10%

Wuhan 3%

Shenyang 54%

Beijing 2%

Completed projects during FY2014 1H

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COMPLETED PROJECTS DETAILS FY2015 interim

Completed projects details – FY2015 interim

COMPLETED PROJECTS Saleable

GFA (sq m)

1. Guangzhou Park Paradise 81,122

2. Guangzhou Xintang New World Garden 52,500

3. Zhaoqing New World Garden 36,307

4. Foshan Canton First Estate 158,176

5. Tianjin Xin Hui Hua Ting 106,629

6. Shenzhen New World Signature Hill 67,166

7. Langfang New World Centre 20,802

Total 522,702

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5

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Projects to be completed in FY2015 2H

PROJECTS TO BE COMPLETED IN FY2015 2H

Saleable GFA (sq m)

1. Dalian New World Tower 76,230

2. Chengdu New World Riverside 84,870

3. Guangzhou Park Paradise 64,384

4. Haikou Meilisha 26,611

5. Guangzhou Covent Garden 87,255

6. Beijing Yuzhuang Project 60,061

7. Shenzhen New World Yi Shan Garden 95,686

8. Tangshan New World Garden 173,452

9. Canton First Estate 31,581

10. Guangzhou Xintang New World Garden 32,614

11. Laugfang New World Centre 101,593

Total 834,337

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Completion in FY 2015 2H – major projects

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Guangzhou Covent Garden 廣州逸彩庭園 Total GFA 87,255 sq m

Completion in FY 2015 2H – major projects

Shenzhen New World Yi Shan Garden

深圳新世界倚山花園 Total GFA 95,686 sq m

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Major investment properties

INVESTMENT PROPERTIES Group’s interest

GFA (sq m)

1. Shanghai Hong Kong New World Tower 50% 116,023

2. Beijing New World Centre 70% 120,610

3. Shanghai Belvedere Service Apartment & Ramada Plaza

100% 58,678

4. Wuhan New World Centre & K11 Gourmet Tower

100% 118,800

5. Wuhan New World International Trade Towers

100% 114,561

6. Guangzhou Central Park-view 90.5% 47,276

7. Beijing Baoding Building Shopping Arcade

100% 40,286

8. Shunde New World Centre 42% 33,577

9. Dalian New World Tower 100% 27,067

10. Nanjing New World Centre 100% 41,712

11. Guangzhou New World Oriental Garden 100% 21,787

Others 482,865

1,223,242

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6 4

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Hotel properties

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• The Group owns and operates 8 hotels with total room capacity of 2,855 rooms

HOTEL PORTFOLIO NWCL’s

interest % Total GFA

(sq m)

No. of rooms

1 上海巴黎春天新世界大酒店 (New World Shanghai Hotel)

100%

46,942

558

2 武漢新世界酒店 (New World Wuhan Hotel)

60%

29,411

327

3 大連新世界酒店 (New World Dalian Hotel)

100%

53,248

420

4 北京新世界酒店 (New World Beijing Hotel)

70%

53,998

309

5 順德新世界酒店 (New World Shunde Hotel)

33%

36,524

370

6 上海貝爾特酒店 (pentahotel Shanghai)

100%

13,353

258

7 北京貝爾特酒店 (pentahotel Beijing)

55%

23,988

307

8 貴陽新世界酒店 (New World Guiyang Hotel)

50%

39,521

306

296,985 2,855

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4 4

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• Founded in 1970, New World Development Company Limited (“NWD”, market cap of HKD82.4 bn as at 25 Feb 2015) is the flagship company of the New World Group and a leading property developer based in Hong Kong.

THE NEW WORLD GROUP (1)

HK Stock Code: 17 – Listed since 1972

Property development and investment in Hong Kong

Infrastructure and Service

HK Stock Code: 659 Listed since 2003

Property Investment

Property development and investment in China

HK Stock Code: 917 Listed since 1999

Department stores in China

HK Stock Code: 825 Listed since 2007

Property Development Hotel Operation Property and Hotel

Management

(1) As at 24 Sep 2013

We are an integral part of the New World Group and continue to receive strong support from our parent company

61% 70% 72%

Corporate structure