20 March 2012

Hutchison Telecommunications Hong Kong Holdings Limited (Stock Code: 215)

2011 Annual Results Presentation

Disclaimer

1

These materials have been prepared by Hutchison Telecommunications Hong Kong Holdings Limited (HTHKH) solely for use at thispresentation and have not been independently verified. No representations or warranties, express or implied, are made as to, and no relianceshould be placed on, the fairness, accuracy, completeness or correctness of the information or opinions presented or contained in thesematerials.

It is not the intention to provide, and you may not rely on these materials as providing, a complete or comprehensive analysis of the financial ortrading positions or prospects of HTHKH. None of HTHKH or any of their respective directors, officers, employees, agents, affiliates, advisersor representatives accepts any liability whatsoever in negligence or otherwise for any loss howsoever arising from any information or opinionspresented or contained in these materials or otherwise arising in connection with these materials. The information presented or contained inthese materials is subject to change without notice and its accuracy is not guaranteed.

These materials are for information purposes only and do not constitute or form part of any invitation or offer to acquire, purchase or subscribefor securities and none of them shall form the basis of or be relied upon in connection with any contract, commitment or investment decision inrelation thereto.

These materials contain forward-looking statements. Statements that are not historical facts, including statements about the beliefs andexpectations of HTHKH, are forward-looking statements. These statements are based on current plans, estimates and projections, and unduereliance should not be placed on them. Forward-looking statements speak only as of the date they are made, and HTHKH has no obligation toupdate any of them publicly in light of new information or future events. Forward-looking statements involve inherent risks, uncertainties andassumptions. HTHKH caution that if these risks or uncertainties ever materialize or the assumptions prove incorrect, or if a number ofimportant factors occur or do not occur, actual results of HTHKH may differ materially from those expressed or implied in any forward-lookingstatement.

While non-generally accepted accounting principles (GAAP) measures such as EBITDA (earnings before interest, taxation, depreciation andamortisation and share of results of jointly controlled entities) are often used by companies as an indicator of operating performance, they arenot expressly permitted measures under the GAAP or the International Financial Reporting Standards (IFRS) and may not be comparable tosimilarly titled measures for other companies. Accordingly, such non-GAAP measures should not be considered as an alternative to operatingincome as an indicator of the operating performance of HTHKH, and its subsidiaries or as an alternative to cash flows from operating activitiesas a measure of liquidity. The use of non-GAAP measures is provided solely to enhance the overall understanding of the current financialperformance of HTHKH, and its subsidiaries. Additionally, because HTHKH has historically reported certain non-GAAP results to investors,HTHKH considers the inclusion of non-GAAP measures provides consistency in its financial reporting.

Business Performance

HighlightsYoY Growth

� HK$ 13,407m

� HK$ 1,432m

Consolidated turnover

� HK$ 1,020m

� Final: 10.70 HK cents

� HK$ 2,611m Consolidated EBITDA

Consolidated EBIT

Net profit 1

Dividend per share

3

1 Net profit attributable to shareholders

� 2011 total: 15.86 HK cents

36%

19%

29%

35%

57%

56%

Strong stock performance

4

HK HSI Performance

215.HK Performance

HSI

253%

25%

0.40

1.20

2.00

2.80

3.60

Share Price

May 2009

(Since listing)

Dec 2009

Jun 2010

Dec 2010

Jun 2011

Dec 2011

Feb 2012

12,000

22,000

32,000

May 2009

Dec 2009

Jun 2010

Dec 2010

Jun 2011

Dec 2011

Feb 2012

Turnover

Hardware revenue

Service revenue

1,630 1,653

5,1585,467

1,792

4,939

0

2,000

4,000

6,000

FY 2010 FY 2011

HK$ m

5,158

Hardware: + 176%Service: + 6%

5,467

8,088 8,468

1,792

4,939

0

5,000

10,000

FY 2010 FY 2011HK$ m

0

2,000

4,000

FY 2010 FY 2011

HK$ m

3,286

+ 4%

3,403

Consolidated turnover

Mobile business turnover Fixed-line business turnover

Hardware: + 176%Service: + 5%

Hardware revenue

Service revenue

5

Mobile

Quality customer base

� >87% postpaid customers under 3G

7

3G

2G

Total: + 10%3G: + 27%

Total subscribers*

1,5191,761

2,014

Total: + 3%3G: + 13%

1,138 891

2,061 2,614

0

2,000

4,000

FY 2010 FY 2011

’000

3,1993,505

402 259

1,536 1,739

0

1,200

2,400

FY 2010 FY 2011

’000

1,9981,938

All percentages represent compound annual growth rate

Postpaid subscribers*

* Include HK and Macau

Smart device trendsetter

8

Smart device penetration*

1,5191,761

2,014

920822

616 917

0

1,200

2,400

FY 2010 FY 2011

Postpaid Sub ’000

1,9381,998

49%

40%

53%

0%

50%

100%

0

600

1,200

FY 2010 FY 2011

% to 3G postpaid sub

’000

917

616

Smart device ownership*

� Smart device penetration ↑

� Internal upward migration focus

402 259

3G smart device

3G non-smart device

2G

Note: Smart devices refer mainly to devices using iPhone OS,

Android and Blackberry based platforms as well as dongle.

* Include HK and Macau

ARPU

� Monthly spending ↑

� VAS Popularity ↑

9

3G

Blended

Postpaid ARPU

220229

244 248

150

200

250

FY 2010 FY 2011

HK$ / month

Blended: +11%3G: +8%

FY 2010

FY 2010

FY 2011

FY 2011

Churn

� Low and stable

10

HK Postpaid Churn

1.7% 1.7%

0.0%

1.0%

2.0%

FY 2010 FY 2011

Percentage (%)

11

Committed network excellence

March 2011 February 2012

Frequency Band 900MHz 2.3GHz

Bandwidth 10MHz 30MHz

Tailor for 3G network LTE network

Consideration HK$1,077m HK$150m

� Drive for network quality

FY 2010 FY 2011

Mobile CAPEX HK$507m HK$619m

Mobile CAPEX + Radio Spectrum HK$1,696m

12

Network excellence for now and future� Largest amount of available spectrum

2300

2100

1800

900

* Shared through a JV under Genius Brand Limited

30.0

34.6

23.2

26.6

Available

Bandwidth (MHz)

144.4

2600* 30.0FDD-LTE

TDD-LTE

3G

2G LTE

2G + 3G

13

New tariff plans and FUP

� A step forward from unlimited offer

� 97%* of mobile data users consume on average 5GB or less/ month

� Better network resources planning

� User-friendly monitoring applications

3%

* Out of the total Hong Kong 3G postpaid data users

Fixed-line

15

Robust growth in international market

� Further expansion of international footprint with new destinations covering EMEA, the Americas and Greater Mekong Subregion

� Network outsourcing services

16

Strong foothold in local carrier and business market

Mobile Backhaul

• Command substantial market share

Corporate and Business

• Accredited securities service vendor

• Network solutions for banking, retail and governmental sectors

Cloud computing & data centre

• Collaborate with Dimension Data, Microsoft and Oracle

School Market

• eduCloud and eLearning

17

Invest in consumer market

� Keen competition

� Cultivate growth in the long run

� FTTH

Profitability

Profitability

19

� Earnings upsurge

+35%

Net profit

300

750

1,200

FY 2010 FY 2011

HK$ m

755

1,020

3.32

5.16

6.83

10.70

0.00

6.00

12.00

FY 2010 FY 2011

HK cents

FY 2011FY 2010

Dividend

20

� Strong dividend growth

� 75% payout

Interim Dividend: +55%

Final Dividend: + 57%

Dividend per share

1 Total dividend per share being sum of interim and final dividend per shareFinal dividend

Interim dividend

Financial Overview

22

Financial Highlights

FY 2010 FY 2011 (HK$m) (HK$m)

Turnover 9,880 13,407 Cost of inventories sold (1,776) (4,663) Staff costs (646) (646) Depreciation and amortisation (1,087) (1,179) Other operating expenses (5,264) (5,487)

Operating profit 1,107 1,432 Interest income 5 6 Interest and other finance costs (128) (124) Share of results of jointly controlled entities (21) (4)

Profit before taxation 963 1,310 Taxation (63) (49)

Profit for the year 900 1,261

Attributable to:Shareholders of the Company 755 1,020 Non-controlling interests 145 241

900 1,261

Turnover – mobile business

23

� Service revenue sustainable growth

� Hardware revenue benefited from popularity of smart devices

Mobile service revenue Mobile hardware revenue

4,000

5,000

6,000

FY 2010 FY 2011

HK$ m

5,467

5,158

0

3,000

6,000

FY 2010 FY 2011

HK$ m

1,792

4,939+ 6%

1.8 times

Turnover – mobile service revenue

24

FY 2010

Carrier 48%

Corporate & Business 26%

Residential20%

FY 2011

Total service revenue: HK$5,158m

Total service revenue: HK$5,467m

� 53% data revenue

Carrier [48]%

Residential[20]%

Others1

[6]%

Corporate &

Business [26]%

Local voice 31%

Roaming – voice 16%

Local data 46%

Total Data: 53%

Local voice

38%

Local data

38%

Roaming - voice 18%

Total Data: 44%

Mobile data revenue

25

� Robust data growth

Local data

900

1,800

2,700

FY 2010 FY 2011

HK$ m 1,960

+ 27% 2,488

Roaming data

313

400

150

300

450

FY 2010 FY 2011

HK$ m

+ 28%

Turnover - Fixed-line business

261 Others include revenue from interconnection charges and data centers

FY 2010

Carrier 48%

Corporate & Business 26%

Residential20%

Others1

6%

FY 2011

Total revenue: HK$3,286m

Total revenue: HK$3,403m

� Steady growth and cushion against volatility

Carrier [48]%

Residential[20]%

Others1

[6]%

Corporate &

Business [26]%

Carrier 52%

Others1

6%

Residential 17%

Corporate & Business

25%

Carrier 48%

Others1

6%

Residential 20%

Corporate & Business 26%

27

Key cost items

1 Excluding revenue from sale of telecommunications hardware

Cost of inventories sold

Staff costs

0%

40%

80%

0

2,500

5,000

FY 2010 FY 2011

% to turnover

HK$ m

18.0%

34.8%

0%

6%

12%

0

400

800

FY 2010 FY 2011

% to turnover 1

HK$ m

1,776

8.0% 7.6%

646

4,663

Depreciation and amortisation

0%

8%

16%

24%

0

500

1,000

1,500

FY 2010 FY 2011

% to turnover 1

HK$ m

13.4% 13.9%

1,0871,179 646

28

Other operating expenses

� Cautious cost management

� Operating leverage ↑

1 Excluding revenue from sale of telecommunications hardware

65.0%

65.3% 64.9%

Other operating expenses

0%

50%

100%

0

3,000

6,000

FY 2010 FY 2011

% to turnover 1

HK$ m

5,264

65.1% 64.9% 64.8%

5,487

29

Capex investment

1 Excluding revenue from sale of telecommunications hardware

Capex and % of service revenue (Fixed-line)Capex and % of service revenue (Mobile)

0%

6%

12%

18%

0

400

800

FY 2010 FY 2011

% to se

rvice revenue

HK$ m

9.8%9.7%

11.3%

0%

15%

30%

0

400

800

FY 2010 FY 2011

% to se

rvice revenue

HK$ m

Capex and % of service revenue

0%

5%

10%

15%

20%

800

1,200

FY 2010 FY 2011

% to total se

rvice

revenueH

K$ m

13.8%

15.3%

1,119

507

18.7%

15.5%

613

� Cautious and selective

- 2G refarm

- LTE

- GAN 13.6%

1,148

619

529

Liquidity

30

� Strong FCF before spectrum acquisition

1 Free cashflow being cashflow from operating activities less cashflow

used in investing activities before payment of spectrum utilisation fee

Free cashflow (FCF) 1

500

1,000

1,500

FY 2009 FY 2010 FY 2011

HK$ m

951

1,168

+ 20%2

2 Percentage represents compound annual growth rate

1,375

Strong financial position

31

� Leverage ratio = 1.4

� Gearing ratio = 35%

� Undrawn credit facility of

HK$1.1b

Net debt

Net debt/ LTM EBITDA

0

2,000

4,000

6,000

FY 2009 FY 2010 FY 2011

HK$ m

4,090

3,386

0.0

1.0

2.0

3.0

4.0

FY 2009 FY2010 FY 2011

2.0x

1.5x

3,671

1.4x

Outlook

Outlook

Sustained Growth

Value Creation

34

Mobile

Demand for better quality

Leading mobile market

Enriching user experience

Network Excellence- LTE rollout

- Re-farm of 2G spectrum

Customer Oriented- Customer services focus

- Extensive distribution channel

- A variety of content and application offerings

Target Strategic measures

Smartphone subscription leader

- Enriched portfolio of devices and services

- Internal upward migration

35

Fixed-line

Customer segmentation

Demand for high performance

# 1 Backhaul market# 1 Banking & finance sector# 1 Public & school sector

Pursuing broadband performance

Extending global reach Residential Market - Go for extensive FTTH

Carrier and International Market

- Footprint expansion

- Leadership in local mobile

backhaul

Corporate and Business Market

- Go for leading position in

selective sectors

Segment Target Strategic measures

- Co-operate with leading local country-based operators

- GAN for mobile backhaul

- Increase high-speed coverage

- GAN for corporate customers

- Partnership with strategic vendors on cloud computing

Q & A

Thank You