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FY2015 Annual Results││││24Sep 2015

IMPORTANT NOTICE

The information contained in these materials is intended for reference and general information purposes only. Neither the information nor any opinion contained in these materialsconstitutes an offer or advice, or a solicitation, recommendation or suggestion by New World Development Company Limited (“NWD”) or its subsidiaries, associated or affiliatedcompanies, or any of their respective directors, employees, agents, representatives or associates to buy or sell or otherwise deal in any investment products, securities, futures, options orother financial products and instruments (whether as principal or agent) or the provision of any investment advice or securities related services. Readers of these materials must, and agreethat they will, make their own investment decisions based on their specific investment objectives and financial positions, and using such independent advisors as they believe necessary orappropriate.

NWD, its subsidiaries, associated or affiliated companies or any of their respective directors, employees, agents, representatives or associates cannot and does not represent, warrant orguarantee the accuracy, validity, timeliness, completeness, reliability or otherwise of any information contained in these materials. NWD, its subsidiaries, associated or affiliated companiesor any of their respective directors, employees, agents, representatives or associates expressly excludes and disclaims any conditions or representations or warranties of merchantability orfitness for a particular purpose or duties of care or otherwise regarding the information. All information is provided on an "as is" basis, and is subject to change without prior notice.

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By participating in this Presentation or by accepting any copy of the slides presented, you agree to be bound by the foregoing limitations.

DISCLAIMER

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KEY CATALYSTS

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FINANCIALS

- Financial position: 24.1% net gearing, HK$ 59.5 bn cash on hand & bank balances

- Ample war chest: HK$15 bn undrawn line + MTN program of NWD in place (un-utilisedUS$2.5 bn)

- Stable dividend: maintain full year DPS HK$0.42

PROPERTY DEVELOPMENT- Robust execution: 3 consecutive years proven track record in HK property sales

- Abundant saleable resources: around 3,100 units available

LANDBANK- Proactive management: attributable GFA of 6.9 mil sq ft has been acquired last 5 years

- Unlock farmland hidden value: explore the Pilot Scheme for Arbitration on Land Premium

PROPERTY INVESTMENT- Defensive portfolio: stable contribution from offices in Central and regional retail malls

- New World Centre redevelopment: a GFA of 3 mil sq ft complex, expected completion in 2017

OTHER STRATEGIES- Enhancement of the Group structure: hotel JV with ADIA

- Better use of resources: synergies of VIP members within the Group

Segment performance

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THE

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FINANCIAL REVIEW

FINANCIAL HIGHLIGHTS

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Results summary (HK$ million) FY2015 FY2014 Change

Profit attributable to shareholders 19,112.0 9,725.4 ↑ 97%

Underlying profits 6,770.0 6,506.7 ↑ 4%

Financial position (HK$ million)

Cash & bank balances 59,465.2 61,823.2 ↓ 4%

Net debt 53,539.1 54,738.8 ↓ 2%

Net gearing (%)* 24.1 27.3 ↓ 3.2% pts

Per share figures (HK$)

Full year divided per share 0.42 0.42 – –

Reported earnings per share 2.17 1.37 ↑ 58%

Book value per share 19.9 18.4 ↑ 8%

* If stripping out 3 listed subsidiaries, the net gearing of NWD corporate office in FY2015 is 16%, ↓6.8% pts year-on-year

SEGMENT PERFORMANCE

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Segment results (HK$ million) FY2015 FY2014

(1) Property development

�Hong Kong 3,295.1 2,079.5

�China 4,837.7 7,507.4

Sub-total 8,132.8 9,586.9

(2) Property investment

�Hong Kong (a) 1,185.1 1,233.3

�China 731.6 798.6

Sub-total 1,916.7 2,031.9

(3) Hotel operations

�Hong Kong & South East Asia 737.6 762.1

�China (b) (492.9) (400.7)

Sub-total 244.7 361.4

(4) Service 1,504.0 1,526.2

(5) Infrastructure 2,711.2 2,518.2

(6) Department stores 307.4 543.2

(7) Others (264.3) 228.8

Total 14,552.5 16,796.6

(a) The drop was mainly due to the resumption of 12 Salisbury Road TST (previously named as SOGO TST) on 14 Feb 2014 for alterations and the overhaul of Discovery Park Shopping Centre. If excluding the effects of abovementioned projects, up 2%(b) The drop was mainly due to the pre-opening expenses of hotels in Mainland China

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PROPERTY DEVELOPMENT

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HK PROPERTY DEVELOPMENT

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CONTRACTED SALES

KEY PROJECTS SOLDGRAND AUSTIN, THE PAVILIA HILL, PARK SIGNATURE, THE WOODSVILLE,

THE REACH, DOUBLE COVE STARVIEW PRIME, DOUBLE COVE, EIGHT SOUTH LANE

AVERAGE MARGIN Around 20% in Hong Kong property development was achieved

SALEABLE RESOURCESNew projects: over 2,500 units

Projects launched before FY2016: 515 units

PROJECT OP SCHEDULETHE PAVILIA HILL, MOUNT PAVILIA, DOUBLE COVE STARVIEW PRIME,

DOUBLE COVE GRANDVIEW, DOUBLE COVEPHASE V

HK READY LAND Attributable GFA 8.8 million sq ft

HK FARMLAND Attributable land area 18.2 million sq ft, majority in Yuen Long

0 2 4 6 8 10 12 14 16 18

Target

Achieved

bn

HK$12.0 billion

HK$17.2 billionFY2015

FY2016

around 3,100 units

HK ABUNDANT SALEABLE RESOURCES

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Categories No. of projects No. of residential units

New projects 8 2,588

Projects launched before FY2016 12 515

Total* 20 3,103

2,7

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No. New projects to be launchedAttributable

GFA/ sqft

1 SKYPARK, Mong Kok** 213,385

2 DOUBLE COVE GRANDVIEW, Ma On Shan*** 123,893

3 THE PARKHILL, Yuen Long 85,251

4 MOUNT PAVILIA, Sai Kung 679,489

5 BOHEMIAN HOUSE, Western District 84,334

6 FLEUR PAVILIA, North Point 229,320

7 DOUBLE COVE PHASE V, Ma On Shan 106,545

8 55 CONDUIT ROAD, Mid Levels 26,334

Total 1,548,551

**Launched in Jul 2015***Launched in Aug 2015

*as at 13 Sep 2015

PROACTIVE MANAGEMENT OF HK LANDBANK PORTFOLIO

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Categories Million/ sq ft

Hong Kong ready land (by GFA) 8.8

Farmland (by land area)* 18.2

Categories Major usage Channels NWDTotal GFA added

/ sq ft

Attri GFA added

/ sq ft

A. New acquisition

MOUNT PAVILIA, Sai Kung Residential Stake increase 63% (+7% pts) 75,498 75,498

KOHO, Kwun Tong Office Asset acquisition 100% 204,514 204,514

STTL No. 520, Tai Wai Station, Sha Tin Residential Public tender 100% 2,050,327 2,050,327

704-730 King’s Road, North PointNon-

domesticOld building 90% 487,500 438,750

Yau Tong Redevelopment, Yau Tong Residential Stake increase* 10.9% (+2.4% pts) 98,210 98,210

Total acquired 2,916,049 2,867,299

B. Ongoing acquisition

4A-4P Seymour Road, Mid Levels Residential Old building 35% 472,185 165,265

74-74C Waterloo Road &

15-25 Yau Moon Street, Ho Man TinResidential Old building 51% 80,082 40,842

*majority in Yuen Long

*Stake increase after 30 Jun 2015

NEW PROJECTS IN HK LANDBANK

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LOCATION - Sha Tin

TOTAL GFA - 2,050,327 sq ft

NWD

INTEREST- 100%

USAGE - Residential

DETAILS- Not less than 2,900 residential units

- Atop of Tai Wai MTR Station

Tai Wai Station project

704-730 King’s Road

LOCATION - Quarry Bay, Island East

TOTAL GFA - 487,500 sq ft

NWD

INTEREST- 90%

USAGE - Non-domestic

DETAILS- Next to Quarry Bay MTR Station

- Gateway of Island East commercial hub

King’s Road

The

Project

Quarry Bay MTR Station

HK LANDBANKING STRATEGIES

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Development projects Sources

THE AUSTIN & GRAND AUSTIN Public tender

Double Cove Phase 1-5 Farmland

FarmlandThe Reach

THE PARKHILL Farmland

THE WOODSIDE Farmland

MOUNT PAVILIA Farmland

FLEUR PAVILIA Old building

EIGHT SOUTH LANE Old building

SKYPARK Public tender

TCTL11 Tung Chung Project Public tender

Tsuen Wan West Station (TW6) Project Public tender

BOHEMIAN HOUSE Old building

Sai Yuen Lane Project Old building

STTL No. 520, Tai Wai Station Public tender

704-730 King’s Road Old building

THE PAVILIA HILL (stake increase) Old building

MOUNT PAVILIA (stake increase) Farmland

Yau Tong Redevelopment (stake increase) Old building

Grand total 17 projects/ 6.9 mil sq ft

Per annum 3.4 projects/ 1.4 mil sq ft

Our landbanking strategies Proven 5 years landbanking track record

FARMLAND CONVERSION

explore Pilot Scheme for Arbitration

on Land Premium

FARMLAND CONVERSION

explore Pilot Scheme for Arbitration

on Land Premium

Our focus: unlock hidden value

PUBLIC TENDER

actively review opportunities

PUBLIC TENDER

actively review opportunities

Our focus: sizeable development

OLD BUILDING REDEVELOPMENT

further extend our strengths

OLD BUILDING REDEVELOPMENT

further extend our strengths

Our focus: unique locations

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PROPERTY INVESTMENT & HOTEL

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DEFENSIVE HK PROPERTY INVESTMENT PORTFOLIO

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Office Occupancy

New World Tower, Central 96%

Manning House, Central 98%

Mall Occupancy

K11, TST 100%

Discovery Park Shopping Centre, Tsuen Wan* 73%

Telford Plaza, Kowloon Bay 100%

POPCORN II, Tseung Kwan O 100%

*Under major renovation

Rental performance FY2015

Hong Kong rental income (HK$ mil) 1,486.1

Contribution HK vs CN 62% vs 38%

Maintain satisfactory rental performance- Office:

- Positive rental reversion in our Central office towers

- Mall:

- Strong performance in TST K11

� Revenue up 7%

� 100% occupancy

� Average footfall 1.3 mil per month

- Resilient performance in regional malls

� Average unit rent up in Discovery Park

Shopping Centre, Telford Plaza & POPCORN II

Asset enhancement are ongoing- Office:

- New World Tower: lobby, public areas and facilities

- Mall:

- Discovery Park Shopping Centre: the final phase of

overhaul to be completed in 2015

NEW WORLD CENTRE REDEVELOPMENT

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TOTAL GFA - 3 million sq ft complex

DEVELOPMENT SCHEDULE - Expected completion in 2017

CURRENT STATUS

- Construction carried out as scheduled

- 12 Salisbury Road TST will be altered in parallel with the redevelopment

- Main-structure of high tower close to Salisbury Road already built up to 45th floor

- The hotel portion will be operated by Rosewood Group

OUTLOOK

- A new landmark in Hong Kong prime area

- Direct access to underground MTR subway network

- Abundant carparks for travellers

HOTEL OPERATIONS – CRYSTALISING VALUES

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Hotels/ FY2015 Location Total room Occupancy (%) ADR (HK$)

GRAND HYATT HONG KONG* Wanchai 539 62 3,268

RENAISSANCE HARBOURVIEW Wanchai 857 78 2,062

HYATT REGENCY TST TST 381 89 2,099

HYATT REGENCY SHA TIN Sha Tin 559 83 1,332

PENTAHOTEL KOWLOON Kowloon East 695 78 682

CRYSTALISING HOTEL ASSET VALUE- On 29 April 2015, formed a JV with HIP, a wholly owned subsidiary of ADIA to own major hotel assets in Hong Kong

- Grand Hyatt Hong Kong, Renaissance Harbourview and Hyatt Regency TST

- The attributable consideration to NWD around HK$10 billion and the transaction was completed in FY2015

- A long-term relationship and opportunities to explore together with the new partner

- The transaction is in-line with NWD’s strategy to effectively allocate resources throughout the Group

*Under major renovation

AT NEW WORLD, WE ARE ALL ARTISANS

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IMAGINATION

BESPOKE

CRAFTSMANSHIP

HERITAGE

CONTEMPORARY