Langham Hospitality Investments And Langham Hospitality Investments Limited 3Q 2019 1
A quality hotel portfolio located in Hong Kong’s CBDs • International trade / finance hub and popular shopping / tourist Large scale infrastructure destination projects will support Hong • Completion of major infrastructure projects to support visitor Kong as a leading tourism arrivals to Hong Kong destination • Internationally recognised Actively Managed • Increasing global presence of Langham branded hotels Brands • Active manager with an “owner-manager” mentality • Prime locations on the Kowloon peninsula Strategic • Close proximity to major infrastructure and commercial centres Locations • Restricted new supply in core business districts • Our objective is to provide stable distributions with the potential for sustainable long term growth of such distributions and enhancement in the value of the hotel portfolio • Accomplished through the lease structure, active asset management and ROFR from Great Eagle 2
Our Hotels are Strategically Located on the Kowloon Peninsula in Hong Kong Kowloon Peninsula, Hong Kong Prime Shopping Destinations Nam Cheong Prince Edward To Hong Kong Airport Mong Kok East Nathan Road Shopping & Mong Kok Olympic Tourist belt The Langham Yau Ma Tei International Commerce Centre & West Kowloon 2 Cultural District Austin Jordan Kowloon Hung Hom Cordis 3 Tsim Sha Tsui Canton Road Shopping Belt & Tsim Sha Tsui To Hong Kong office district Island Metro lines West Kowloon Terminus MTR station Guangzhou-Shenzhen-Hong Kong Express Rail Link Eaton • Close proximity of key tourist and shopping belts, existing and expanding commercial districts and infrastructure projects • Easily accessible via major roads, MTR stations, the Hong Kong International Airport and rail to mainland China 3
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High Quality Portfolio High Quality Langham Branded Hotels Selected Awards The Langham Location : Tsim Sha Tsui, Kowloon Forbes 5-Star Award Year of commencement : 1994 HKTB rating : High Tariff A Hotel • Michelin award for T’ang Court GFA (‘000 sq.ft.) : 375 Number of rooms : 498 • Condé Nast Gold List Facilities : 5 restaurants, 1 ballroom, 4 meeting rooms, Jacuzzi, health club, fitness centre Cordis, Hong Kong • “Top 25 Hotels in China” by TripAdvisor Location : Mong Kok, Kowloon Travellers’ Choice Year of commencement : 2004 HKTB rating : High Tariff A Hotel • Michelin award for Ming Court GFA (‘000 sq.ft.) : 580 • Condé Nast Gold List Number of rooms : 669 Facilities : 4 restaurants, 1 ballroom, • Spa Traveller Awards 3 meeting rooms, Chuan Spa, fitness centre Eaton, Hong Kong Location : Yau Ma Tei, Kowloon • Michelin award for Yat Tung Heen Year of commencement : 1990 HKTB rating : High Tariff B Hotel Best Eco Hotel in Hong Kong GFA (‘000 sq.ft.) : 339 by HotelClub Hotel Awards (Hong Kong) Number of rooms : 465 • Capital Entrepreneur Green Enterprise Facilities : Co-work space, theatre, food hall, restaurants, Awards by Capital Entrepreneur wellness centre Three high quality Langham branded hotels with a combined 1,632 rooms strategically located on the Kowloon peninsula, Hong Kong 7
… and have a Balanced Mix of Room and Non-room Revenue Balanced Revenue Contribution (1) Wide Range of Non-room Revenue Sources 2.7% � Range of award-winning facilities and services • Food and beverage • Banquet services • Meeting and conference facilities 41.6% 55.7% • Spa facilities � Relatively stable even during the global financial crisis � Strong demand from non-hotel customers � Room Well positioned to benefit from Hong Kong’s growing MICE market Food and beverage Other hotel operations Award-winning Restaurants and Quality Conference spaces Michelin star-rated restaurants Conference spaces Ming Court (One-star Michelin), T’ang Court (Three-star Michelin), Yat Tung Heen (One-star Michelin), Cordis Hotel The Langham Eaton Hotel The majority of the Hotels’ food and beverage revenue was derived from customers who were not staying at the Hotels Note: 8 1. For six months ended 30 June 2019
In 1H 2019, our Customers are Diversified in Terms of both Geography and Customer Segment… Diversified Geographical Origin of Customers (1),(2) Diversified Customer Segments (1) 4.3% 5.4% 8.0% 26.8% 39.3% 23.0% 54.4% 6.2% 6.5% 9.2% 7.7% 9.1% China Australia and NZ US Europe ex UK UK Rest of Asia Others Retail Corporate Travel trade Group Other Target Different Market Segments and Do Not Directly Compete with Each Other Customer Segment Breakdown (1) Average Room Rates (1) Geographical Origin of Customers (1),(2) (HK$) (%) (%) 2,169 0.8 11.4 1.1 1,737 3.2 5.3 4.2 6.9 11.5 19.2 6.6 24.4 28.7 32.7 24.3 4.8 21.2 4.2 1,063 9.7 11.2 3.5 8.1 5.1 6.0 11.4 6.4 8.4 8.4 9.2 7.9 8.9 59.6 56.7 52.9 49.4 35.3 31.4 The Langham Cordis Hotel Eaton The Langham Cordis Hotel Eaton The Langham Cordis Hotel Eaton Retail Corporate Travel trade Group Others China Australia and NZ US Europe ex UK UK Rest of Asia Note: Others 9 1. For six months ended 30 June 2019 2. Based on self-reported data collected at the time of guest registration and have not been subject to audit or review by an independent third party. Such data excludes room revenue derived from airline crew and others from unidentified countries and other miscellaneous revenue and service charges
Our Hotels are Managed under the Internationally Recognised Langham Brands by the Hotel Manager, Langham Hotels International Limited Our Unique Position Description of the Hotel Manager • Langham Hotels International Limited is a wholly-owned subsidiary • Since 1865 of Great Eagle • Unique style • European heritage • A global hotel company with more than 30 properties located in • Classic charm major cities over four continents • Luxury bespoke service • A modern and innovative hospitality approach to provide the highest level of hotel management • Lifestyle setting • Social hub • An operating track record of over 20 years • Committed to nurturing cultural and community in the neighbourhood • One of the largest luxury hotel operators in Hong Kong • Local expertise and experience • A purpose-driven company at the intersection of culture, • Increasing exposure to other worldwide gateway cities media, hospitality, wellness, and progressive social change We believe strong brand recognition is one of the factors that has enabled the Hotels to command prices at the high end of their competitive market segments 10
The Langham Brands have a Presence across Four Continents Hotels in Europe / America Hotels in Hong Kong and China The Langham, Hong Kong The Langham, Haikou Eaton Washington D.C. The Langham, London Location: Hong Kong Location: China Location: United Sates Location: United Kingdom Total rooms: 498 Total rooms: 249 Total rooms: 209 Total rooms: 380 Cordis, Hong Kong Cordis Hongqiao, Shanghai Chelsea Location: Hong Kong Location: China Location: Canada Total rooms: 668 Total rooms: 396 Total rooms: 1,590 Eaton, Hong Kong The Langham, Hefei The Langham, Boston Location: Hong Kong Location: China Location: United States Total rooms: 465 Total rooms: 339 Total rooms: 317 The Langham, Xintiandi, Shanghai The Langham, Pasadena Location: China Location: United Sates Total rooms: 357 Total rooms: 379 Cordis, Beijing Capital Airport The Langham, Chicago Location: China Location: United Sates Total rooms: 372 Total rooms: 316 Langham Place Haining The Langham, Fifth Avenue, New York Location: China Location: United Sates Total rooms: 263 Total rooms: 234 The Langham, Shenzhen Location: China - Existing hotels - Pipeline hotels Hotels in Australia / NZ Total rooms: 352 Cordis, Auckland Langham Place, Ningbo Culture Plaza Location: New Zealand Location: China Total rooms: 411 Total rooms: 143 The Langham, Melbourne Langham Place, Xiamen Future pipeline (1) Location: Australia Location: China Cordis, Hangzhou Cordis, Shanghai Eaton, San Francisco The Langham, San Francisco Total rooms: 388 Total rooms: 327 The Langham, Adelaide The Langham, Chengdu The Langham, Dalian The Langham, Tokyo Cordis, Shanghai East Bund The Langham, Jakarta The Langham, Nanjing Cordis, Ningbo The Langham, Sydney Langham Place, Guangzhou The Langham, Bangkok Eaton,Seattle The Langham, Changsha Cordis, Chongqing Location: Australia Location: China Total rooms: 100 Total rooms: 500 • Currently manages a portfolio of 23 hotels comprising more than 9,000 rooms • Pipeline of hotels to be opened in coming years (1) Note: 1. Source: Great Eagle Holdings Company filings 11
2019 Interim Results
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