#1Hutchison Telecom Hong Kong Holdings 2021 Annual Results Presentation PH A member of CK Hutchison Holdings 3#2Disclaimer The information, statements and opinions contained in this Presentation and subsequent discussion do not constitute an offer to sell or solicitation of any offer to subscribe for or purchase any securities or other financial instruments or any advice or recommendation in respect of such securities or other financial instruments. Potential investors and shareholders of the Hutchison Telecommunications Hong Kong Holdings Limited ("the Company") (the "Potential Investors and Shareholders") are reminded that information contained in this Presentation and any subsequent discussion comprises extracts of operational data and financial information of the Company and its subsidiaries ("the Group") for the year ended 31 December 2021. The information included in this Presentation and subsequent discussion, which does not purport to be comprehensive nor render any form of financial or other advice, has been provided by the Group for general information purposes only and certain information has not been independently verified. No representations or warranties, expressed or implied, are made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information, statements or opinions presented or contained in this Presentation and any subsequent discussions or any data which such information generates. Potential Investors and Shareholders should refer to the 2021 Annual Report for the audited results of the Group which are published in accordance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. The performance data and the results of operations of the Group contained in this Presentation and any subsequent discussion are historical in nature, and past performance is no guarantee of the future results of the Group. Any forward-looking statements and opinions contained in this Presentation and subsequent discussion are based on current plans, beliefs, expectations, estimates and projections at the date the statements and opinions are made, and therefore involve risks and uncertainties. There can be no assurance that any of the matters set out in such forward-looking statements are attainable, will actually occur or will be realised or are complete or accurate. Actual results may differ materially from those stated, implied and/or reflected in such forward-looking statements and opinions. The Group, the Directors, officers, employees and agents of the Group assume (a) no obligation to correct, update or supplement the forward-looking statements or opinions contained in this Presentation and any subsequent discussion; and (b) no liability in the event that any of the forward-looking statements or opinions do not materialise or turn out to be incorrect. Potential Investors and Shareholders should exercise caution when investing in or dealing in the securities of the Company. Hutchison Telecom Hong Kong Holdings#3Agenda Result Highlights Business Review & Development Financial Review Sustainability Outlook Hutchison Telecom Hong Kong Holdings QR Code for the Group's Financial Results#4Result Highlights Hutchison Telecom Hong Kong Holdings#5Highlights: Financial Results Revenue $5,385m +18% YOY Hutchison Telecom Hong Kong Holdings EBITDA $1,477m EBIT $132m -12% YOY -67% YOY Final Dividend 5.21 cents flat vs LY Profit $4m -99% YOY EPS 0.08 cents -99% YOY Full Year Dividend 27.29 cents +264% YOY 5#6Service Performance: Steady Growth in Local Services Service Service Revenue EBITDA $1,415m $3,241m -1% YOY -14% YOY Local Service Service Service EBITDA EBIT Revenue Margin $2,980m 44% +2% YoY $70m -82% YOY . Local service revenue grew 2%, of which corporate solutions revenue grew by 35% Roaming revenue slashed by 29%, reflecting the full year impact of travel restrictions Healthy Service EBITDA margin of 44% supported by ongoing collaboration with A. S. Watson Group Service EBIT dropped by 82% due to higher network costs from the 5G investment & network coverage expansion, partly offset by the efficient cost structure Hutchison Telecom Hong Kong Holdings 6#7Hutchison Telecom Hong Kong Holdings Business Review & Development#8Diversify Development to keep resilient under the COVID-19 Crisis Best Network Best Distribution Digitised Prepaid 3.OneWorld 3Business Passion Beyond Perfection 賞你提我 成就最可靠網絡 33 Supr 3 Supreme 3 Mall. watsons 豐澤置 FORTRESS PARKNSHOP SOSIM $Care 3 Business Optimise network coverage and connectivity with the deployment of over 1,300 3.5GHZ 5G sites, and the completion of 2.1 GHz 5G refarm Increase both online and offline customer touchpoints to over 500 outlets to bring the customer experience to life Digitised prepaid platform with online app to connect customers and communities with a hassle-free experience Provision of non-telecom services through co- operations with different service providers to address customers' needs. Deepening customer engagement Build up portfolio of 5G enterprise solution to enable corporation's digital transformation Hutchison Telecom Hong Kong Holdings 8#9Best Network: Passion in Network Excellence Passion Beyond Speed 超越所想 Passion Beyond Imagination 超越所想 5G世界級·最可靠 Passion Beyond Limit 超越所想 ③ 5G 世界級,最可靠 CH 5G ③ 5G 世界級,最可靠 Passion Beyond Perfection 賞你提我 成就最可靠網絡 Completed 2.1 GHZ 5G refarm across all networks Operates a significant amount of 1,300 3.5GHZ 5G "golden spectrum" band base stations Efficient spectrum utilisation to optimise customer experience and reliability 2100 MHz 2300 1800 MHz MHz 315G Global Operator Local Preferred 2600 MHz 5G coverage reached 99%* 5G site locations expanded by over 43% Data usage in HK grew 74% since 2019 and 32% YOY * Based on the test results in relation to 3HK's 5G network & population distribution of Hong Kong conducted in Jan-2021 Hutchison Telecom Hong Kong Holdings 3300 Mhz 3500 MHz 900M Hz 700M Hz 0#10Hotspot: Building on Customer Demand and Relevance to 5G Applications • Hotspot district across 18 districts To educate customer to adopt 5G services Optimise location to customer relevance 5G地運測一測 A台 B台 C3HK Hutchison Telecom Hong Kong Holdings 「油尖區,而忠文化區 ·西九文化區 SA 辟圭村 FINANCE 观度板東大街 「先類罩 YOHO MALL ◎3師傅測邊度 35G 3師傅測邊度 35G 世界為一 世界為一 落區打靚卡贏獎品 COUPON 落區打卡贏獎品 COUPON 第5站:中西及灣仔區 第6站:西貢區 68521 ARME ARMEN 5G網路 ◎3師傅測邊度 5G 世界為一 落區打靚卡贏獎品 (COUPON 93師傅測邊度 落區打靚卡贏獎品 每當福香港都可以打卡题 「呢度嘅人秒秒超百萬上演 第2站:荃灣及葵青區 第3站:黃大仙、觀塘及九龍城區 SCITO ARIS SGWA 5G地運路一路 5G地運路一路 35G 世界為一 COUPON 10#11Best Distribution: Best Customer Convenience Strategic partnership to expanding distribution network Total Pos : 500+ 3 Shop Supreme 豐澤置 FORTRESS PPARKNSHOP watsons Hutchison Telecom Hong Kong Holdings > 50RED 3 Supreme 2 Shop Joy hore. 全城至抵 SoSIM儲值卡 EMA 33 11 watsons !Deal! SoSIM watsons $33 SOSIM AR 40 75908 Money Kick So 503 MApp 網上嵗程 11#12Digitised Prepaid SOSIM Mobile App (Launched in Apr 2021) SoSIM Usage Enquiry SoSIM Purchase Service Package + 10.00 SoSIM 9000 0000 Instant Recharge Mobile Number Portability Real-name Registration 3 SOSIM Real-name registration < Previous step ID Type Hong Kong Identity Card Data $ SoSIM 全城至抵 *33 任用數量 5000通話分鐘 SOSIM SoSIM 終於有 攜號轉台! SP PARKnSHOP 立即到百佳或屈臣氏搶購! watsons Lifestyle Campaign Customers +275% YOY 2020 SoSIM App 限定 Exclusive SOSIM SoSIM 限時實 (#58303 為香港運動員打氣! 週年慶 3GB 150GB R 33 數據FUP升級至” 193 GB SoSIM App Exclusive 【登登登記 SoSIM真名大GB賞 享高雄 Real Name Registration Rewards 150GB GB 50GB 33 33 立即搶購! Loo 推薦有Sono SoSIM 立即購 Revenue +1,187% YOY 2020 Online + Offline subscribe ANYTIME ANYWHERE 3 佳 PARK SHOP W 百佳網店eShop 屈臣氏網店 W eShop -17 K 每位可獲 推薦人 受薦人 $5 + SoSIM現金券 社交數據+歡樂通究 社交數據+歡樂通育 “轉台了”即轉 SoSIM 有著數! PURKISHOP SoSIM watsons SOSIM 限時 送 Hutchison Telecom Hong Kong Holdings 90日間你用 Renewal Ratio 2021 2021 +47%-pts YOY 72% 25% 50GB 11PM-7AM 10,000 社交數據 本分 歡迎月費或儲值卡攜號轉台 即嚟全 WEB 搶購啦! 2020 2021 12#135G Broadband • • • . Own Dedicated 5G Broadband Line Unlimited Speed No landlines Activate in minutes · On-Site Testing 嚟5GBB車即場體驗5G寬頻 兼可預約上門測試 5G寬頻 。 Hutchison Telecom Hong Kong Holdings 5G BroadBand • Dual Locations (Home/Office) • Change Locations Available ③ 5G寬頻 ③ 5G 世界級,最可靠 全家爭網速! 真係人都癲! 5G寬頻 \唔使煩!! 唔使拉線 唔使安裝 一個屋企 光纖頭 世界為一 拉幾多至夠? 優惠受條款及相 ③ 5G寬頻 加私家5G寬頻 唔使爭! Full Range of 5G Router UNISYS ST 13#143.One World: 5G Connected Together 5G LIVE 網上直播 BEATS HOME FITNESS 3Я24A 8:00pm 專案健身教練 鄭家路 人氣KOL Fanny Ng 睇live玩遊戲 贏取豐富獎品! Beats Flex 世界為一 X 心靈養生坊 世界一 5G LIVE E upNTea Pass”之養生分享會 |日期:3月10日 9:00pm ARKOL 心靈養生坊創辦人 Catherine Frond Hutchison Telecom Hong Kong Holdings Michelle Wong 問答環節 派禮物 香港中兜國 世界為一 [5G LIVE 網上直播:「霓城」音樂會創作分享 相約「霓城」不見不散 6A7B 8:30pm NBEGRZANEK » 睇live玩遊戲 『贏取「霓城」音樂會門票!』 5G LIVE 5G LIVE Universe in a Flower @Tsz Shan Monastery 5G LIVE XDMind athe Prince 5G LIVE : Playgroup! 6A9B 9:00pm Teacher Lily ISKA 2. Gary Mind & the Prince ENGEAN M 5G ORBSTELLAR by XCEPT @1881 Heritage ORBSTELLAR by XCEPT 5G LIVE DIGITAL ART FAIR 2021.9.30 - 10.22 曾宮山首相室 Reserved Pottery & Bu 炮台全人 5G LecalPrefened EXCLUSIVE 5G 5G XCERT ORBSTELLAR 3.ART SPACE NFT Art Show 14 DEC 2021-9 JAN 2122 NFT Art Show NFT / ArtTech Digital Art Fair design kaleidoscope DIGITAL 2021.9.30 - 10.22 ART FAIR 萬花筒打卡裝置 本地原創 Board game 5Gobal Operator 481 EXCLUSIVE 5G TECHNOLOGY PROVIDER TAG TEAT SEASON 9 FINAL LIVE Hanna Blafio JK ART SPACE 17 DEC 2021 | 6:00pm 3Supreme Shop Causeway Bay NFT Art Show ART SPACE 18 AUC 10 SEP 2001 銅線南3Supreme店 Art Space @3Supreme ART SPACE 10 AUG 10 SEP 2021 銅鹽 Supreme店 14#153.One World: Customer Engagement 易賞錢 MoneyBack Rewards MoneyBack X 新登場 積分喫3當錢使 兼享上台優惠 Elderly Care Workshops 唔識裝?我幫你! Hean 11月12日(星期五)中午12點|銅鑼灣店 安心手機應用教室 一次過裝齊常用App+即場限定手機優惠 立即報名 [SGV網上直播: 「老友記」智選助聽器小貼士 6月23日 | 8:30pm Hutchison Telecom Hong Kong Holdings M 萬寶 Heari 弹力中心負責人 Angus 世界為一 KK 玩遊戲送: Heari 聽力測試(價值:$400) DO 目 Encourage Vaccination 5G "LeaveHomeSafe" with HKJC 全城有Jabso 接種有大禮 支持賽馬會「智融易」 長者數碼支援計劃 3 幫爸媽添安心 世界第一 提供智能手機連12個月流動通訊基本服務 只係$15/月 S 33GB) 1,000萬 有獎遊戲贏取 iPhone $800 12 Pro 手機折扣優凍 5G數據 名額1萬個 33部 名額1萬個 a Alcatel 1S 「安心 限量優惠,即去指定3Shop! 出機 Free Data Entitlement FREE 300GB data for 3HK customers under mandatory quarantine One World 世界為一 隔離及在家工作期間 送2個月影音娛樂服務 K hmvoD "Terms and conditione apply 15#163Business Art 5G 4K Broadcasting Education Smart Classroom Paul Y Construction 5G BIM Solution Property 5G Smart Robot + Al Cloud Subsidy Scheme for Encouraging Early Deployment of 5G 3Business one-stop support 35G One World 5G智慧校園 專責教育支援團隊 000 Education 3Education 7x24 服務團隊 技術支籤 Hutchison Telecom Hong Kong Holdings Leads industry in developing 5G enterprise solutions with leaders in key industries Consultation Service Application Assistance Project Management Textile & Clothing 5G 4K Video Conferencing Solution Revenue +35% YOY 2018 2019 2020 2021 16#173Education: Interactive Teaching and Learning Solutions Hutchison Telecom Hong Kong Holdings Education 虛擬實境(VR)學習 Education AI智慧校園 Education 5G校園電視台 讓學生輕鬆掌握 有效改善校園保安及設施管理 抽象知識概念 直播學校活動及比賽 符合申請政府資助 了解更多 AR DIY for Education • DIY and view AR · multimedia content by scanning the teaching materials Simple and easy-to-use interface AI 了解更多 . Machine learning • Big Data Deep learning Campus TV Station 45G 愉 Education STEM教育課程 多元化課程內容 實驗式學習體驗 了解更多 了解更多 High speed and reliable 5G mobile network equipped with professional set up Easy-to-use • STEM Virtual Reality + Augmented Reality Remote students' learning ability and creativity 17#18Products & Services Be Your Own Boss 5G LIVE Outpace the Rest New "5G LIVE Up" Broadcast Solution D High Speed, Seamless High Definition Live Broadcast Online Ticketing 5G LIVE UP New "Flexi Entertainment Pack" Service hmvOD Google App Play Store Switch monthly flexibly Infinity data for entertainment Entertainment Hutchison Telecom Hong Kong Holdings bowtiego New "VDoctor+" Service Unlimited Video Consultations Anywhe With free medication and deliver to door Consult 6 doctors Skip queues, save time Professi medical <->>> 心靈養生坊 HEALTH & STIRIT HEALTHWART New "SoupNTea Pass" Monthly Delivery of Ready-to-Serve Soup + Tea-Bags 3HK Direct Carrier Billing Service Simplify online purchase process with a single 3HK bill 3Care Prepare your kids for STEM As low as $39/month STEM Coding Kit No more than Introducing coding logic $2/day and Al concepts Lifestyle C Motivating your kids to learn at home with self-study videos Safe Purchases Bill-to-3 = Easy Setup: Clear Transaction Private Internet ACCESS PIA VPN Pass 隱藏網絡行蹤 防止私隱外洩 過70個國家IP任署 可同時支援10個裝置 -click Mobile Security 18#19Financial Review Hutchison Telecom Hong Kong Holdings#20Revenue: Building Growth Momentum Service Revenue ($m) -1% YOY 3,285 2H2021 Revenue $5,385m +18% YOY 3,241 $1,611m 60% -1% VS 1H 2H 2H 2H 2H 55% 1H 1H 2020 2021 1H 1H 2020 2021 Hutchison Telecom Hong Kong Holdings 5% 2H2021 $2,820m +10% VS 1H 40% Hardware & Other Products Local Service Revenue ($m) Represents 92% of service revenue +2% YoY driven by 35% growth in revenue from Corporate Solutions 2,917 2,980 2H 2H 2H2021 $1,477m -2% VS 1H 1H 1H 2020 2021 Roaming Service Revenue ($m) Represents 8% of service revenue -29% YoY due to full year impact of travel restrictions 2H2021 368 261 $134m 2H +6% VS 1H 2H 1H 1H 2020 2021 20 20#21Customers: Solid Customer Base Prepaid 55% of total customer base (2020: 56%) Decreased by 1%-pt YOY Jun-21 Dec-21 3,202K Postpaid 45% of total customer base (2020: 44%) Increased by 1%-pt YOY ÅÅÅÅ -2% YOY Jun-21 1,423k 1,810k Dec-20 1,760k Jun-21 Decreased by 5% YOY and 3% vs 1H 2021 Hutchison Telecom Hong Kong Holdings 3,279k Dec-21 3,233k Dec-21 3,202k 1,442k Increased by 1% YOY and vs 1H 2021 21 21#22Postpaid ARPU & Churn: ARPU Growth along with Stable Churn Local Gross ARPU $178 $180 +1% YOY Local Net ARPU $153 $159 -0 +4% YOY 2020 2021 Gross ARPU = monthly average spending per postpaid user including handset contribution for bundled plan. 2020 2021 Net ARPU = monthly average spending per postpaid user excluding handset contribution for bundled plan. 5G Subscriptions Steady uptake 10% 21% 5G Broadband Optimistic outlook Postpaid Churn Rate -0.1%-pt YOY 1.3% 1.1% 1.2% 1.1% (FY2020 1.1%) 1.3% 31 Dec 20 31 Dec 21 31 Dec 20 30 Jun 21 31 Dec 21 2H 2019 1H 2020 2H 2020 1H 2021 2H2021 Hutchison Telecom Hong Kong Holdings 222#23Key Cost and Capex: Optimised & Advanced Network Cash and bank balances ($m): Healthy Cash Position Operating Costs (inc. CACS, staff costs & other opex) $1,883m -11% YOY (2020: $1,697m) Capex (excl. telecommunications licences) $874m -47% YOY (2020: $593m) EBITDA less Capex (excl. telecommunications licences) $603m -44% YOY (2020: $1,079m) Hutchison Telecom Hong Kong Holdings Special interim dividend of HK$954 million in Sep 2021 Settlement of 5G investment and spectrum spending 5,536 5,416 5,251 5,106 3,975 Capex over Service Revenue 27% (2020: 18%) 1 Jan 20 30 Jun 20 31 Dec 20 30 Jun 21 31 Dec 21 Note: Cash and bank balances as at 31 Dec 2021 include short-term bank deposits with original maturity beyond 3 months of $2,561 million. 23#24Sustainability Hutchison Telecom Hong Kong Holdings#25Sustainability: Focusing on what Matters to Stakeholders Action on Climate Change 10% YoY Carbon Emission Intensity (1) ✓ 2021 Progress: -13% 2% YoY Paper Consumption 2021 Progress: -4% Creating Great Places to Work Average Training (2) >25 hours Mandatory Annual Training on Anti-Fraud Anti-Corruption Promoting Sustainable Ecosystem Sustainability Assessment in Tender Review Encourage Customers to Adopt Sustainable Lifestyle 回收市场及配件 S Supporting Local Communities Continue to support the communities we serve Area of Focus: Education, Environmental concerns, Culture, and more www.www.ARETAGE 智融易 RAGAN HARRIA Note: (1) Carbon intensity represents greenhouse gas emissions generated divided by data traffic during the year. (2) Average training hours represent average hours of training completed by full-time employees. Hutchison Telecom Hong Kong Holdings இட்டு 20:20-2021 TSPLE BOLD InnoESG Prize 無障礙心 網頁 00 web-accessibility.nk ESG Care ESG ACHIEVEMENT AWARDS Prize 2021 2020 CAHK T CAHK STAR Award 通訊業聯會非凡年獎 ITAL ORT FAIR 25#26Hutchison Telecom Hong Kong Holdings Outlook#27Outlook ● • Continue to optimise our best network as one of leading global network brands Monetise 5G technology innovation to accelerate enterprise and consumer 5G adoptions Grow from exciting new opportunities emphasising on 5G Mobile Broadband Leverage the advantage of the distribution network of the CKHH Group to extend to more customer segments Improving customer engagement and loyalty by riding on "MoneyBack@3" Target to deliver dividend similar to that of 2020 and 100% payout going forward EMPLOYER BRANDING AWARDS BEST EMPLOYER 302-21 hkira IR Awards 2021 Hutchison Telecom Hong Kong Holdings GOLD 2021 STEVIE WINNER INTERNATIONAL BUSINESS AWARDS GOLD 2021 STEVIE WINNER ASIA-PACIFIC STEVIE AWARDS HONG KONG Corporate Governance & ESG EXCELLENCE AWARDS 7環境、社會及管治 $2021 配送哄 ASIA'S BEST EMPLOYER BRAND AWARDS 2021 IDX Digital Ex 數碼體驗營銷大獎2021 OHONG KONG gital Brand Awards 2021 香港傑出數碼品牌大獎 27#28Hutchison Telecom Hong Kong Holdings Thank You 3 PH A member of CK Hutchison Holdings#29Appendix Hutchison Telecom Hong Kong Holdings#30Financial Information Appendix HK$ million Revenue Net customer service revenue • Local service revenue 2021 2020 Change 5,385 4,545 +18% 3,241 3,285 -1% 2,980 2,917 +2% • Roaming service revenue 261 368 -29% Hardware and other product revenue 2,144 1,260 +70% . Bundled sales revenue • Standalone sales revenue 395 345 +14% 1,749 915 +91% Net customer service margin 2,817 2,873 -2% Net customer service margin % 87% 87% Standalone handset and other product sales margin 62 22 +182% Total margin 2,879 2,895 -1% Hutchison Telecom Hong Kong Holdings Page 1 of 3#31Financial Information (cont'd) Appendix HK$ million Total margin CACS 2021 2020 Change 2,879 2,895 -1% (529) (481) -10% Less: Bundled sales revenue 395 345 +14% CACS (net of hardware and other product revenue) (134) (136) +1% Operating expenses (1,325) (1,149) -15% Opex as a % of net customer service margin 47% 40% -7% pts Share of EBITDA of a joint venture 57 62 -8% EBITDA Service EBITDA 1,477 1,672 -12% 1,415 1,650 -14% Service EBITDA margin % 44% 50% -6% pts CAPEX (excl. telecommunications licences) (874) (593) -47% EBITDA less CAPEX 603 1,079 -44% Hutchison Telecom Hong Kong Holdings Page 2 of 3#32Financial Information (cont'd) HK$ million EBITDA Depreciation and amortisation 1 EBIT Service EBIT Net interest and other finance (costs) / income Profit before taxation Taxation Profit attributable to shareholders Appendix 2021 2020 Change 1,477 1,672 -12% (1,345) (1,269) -6% 132 403 -67% 70 381 -82% (40) 47 -185% 92 450 -80% (88) (89) +1% 4 361 -99% ● Depreciation and amortisation, net interest and other finance (costs)/income and taxation include the Group's share of joint venture's respective items. 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