Interim Report 2021 Contents 1. Overview of ’s Industry and Port of 2. Tianjin Port Development in 1H2021 Section 1 Overview of China’s Port Industry and China Throughput and Trade Information

Throughput at Major in China China Total GDP value Million Million Tonnes TEUs RMB$Bn

China Export Value China Import Value US$Bn US$Bn Overview of China’s Key Port Zones

1H2021 Throughput Change vs 1H2020 Total Cargo Container Total Cargo Container (m tonnes) (m TEU) China’s Key Port Zones

Tianjin 267 10.3 10.9% 20.1%

Dalian 159 1.7 -5.4% -41.9%

Tangshan* 350 1.2 9.8% 13.1%

Qingdao 319 11.7 7.6% 12.7%

Yangtze River Delta

Ningbo-Zhoushan 623 16.1 9.5% 21.3%

Shanghai 379 22.9 17.5% 14.4% Bohai Bay Suzhou 280 3.9 9.4% 37.8% River Delta Southeast Coastline Pearl River Delta Guangzhou 326 11.9 6.3% 9.1% Southwest Coastline Shenzhen 138 13.8 20.2% 24.3% Note* : Port of includes and Port of Source: Ministry of Transport of the PRC, Chinese port OverviewPort of Tianjin’s of China’s Industry Key Port Ranking Zones Total Cargo Throughput of China Major Ports+ in 1H2021 1H2021 Throughput Change vs 1H2020 Million 800 Total Cargo ContainerPort of Tianjin 623 Total Cargo Container tonnes (m tonnes) (m TEU)grew by 10.9% yoy in 1H2021 600 China’s Key Port Zones Bohai Bay 379 400 350 326 319 Tianjin 267 10.3280 10.9%267 264 20.1%

200 159 1.7 -5.4% -41.9%

- Tangshan* 350 1.2 9.8% 13.1% Ningbo - Shanghai Tangshan Guangzhou Qingdao Suzhou Tianjin Rizhao Zhoushan Qingdao 319 11.7 7.6% 12.7% Container Throughput of China Major Ports+ in 1H2021 Yangtze River Delta 30 Million Ningbo-Zhoushan 623 16.1 9.5% 21.3% TEUs 22.9 Port of Tianjin 20 Shanghai 379 22.9grew by 20.1% yoy 17.5% in 1H2021 14.4% 16.1 Bohai Bay 13.8 Suzhou 11.9280 11.7 3.9 9.4% 37.8% Yangtze River Delta 10.3 10 5.9 Southeast Coastline Pearl River Delta 1.7 Pearl River Delta - Guangzhou 326 11.9 6.3% 9.1% Southwest Coastline Shanghai Ningbo - Shenzhen Guangzhou Qingdao Tianjin Xiamen Dalian ZhoushanShenzhen 138 13.8 20.2% 24.3% Note* : includes Port of Jingtang and Port of Caofeidian Source:+ Top Ministry 8 ports inof ChinaTransport in terms of the of total PRC, cargo Chinese throughput port and container throughput Source: Ministry of Transport of the PRC Section 2 Tianjin Port Development in 1H2021 Performance Summary

 Total cargo throughput increased 10.8% to 222.43 million tonnes (1H2020: 200.82 million tonnes )

 Total container throughput increased 20.1% to 10.297 million TEUs (1H2020: 8.572 million TEUs)

 Revenue increased 38.2% to HK$8,742 million

 Gross Profit increased 33.8% to HK$1,961 million

 Profit attributable to shareholders was HK$418 million, representing 90% yoy increase. Basic earnings per share of HK6.8 cents Profit and Loss Information Revenue Segment results HK$8.7 billion (+38.2%) HK$2.0 billion (+33.8%)

Cargo Handling Cargo Handling

Sales Sales

Other Port Ancillary Other Port Ancillary Services Services

Change vs (HK$ million) 1H2021 1H2020 1H2020 Change vs (HK$ million) 1H2021 1H2020 1H2020 Revenue 8,742 6,323 38.2% Segment results 1,966 1,468 33.8% - cargo handling 3,902 3,194 22.2% - cargo handling 1,310 1,084 20.9% Non-containerised cargo 2,491 1,955 27.4% - sales 24 2 890.9% Containerised cargo 1,411 1,239 13.9% - other port ancillary services 632 382 65.4% - sales 3,552 2,128 66.9% Change vs - other port ancillary services 1,288 1,001 28.6% (%) 1H2021 1H2020 1H2020 Change vs (HK$ million) 1H2021 1H2020 1H2020 Gross profit margin (1) 22.4% 23.2% -0.8ppt.

Gross profit 1,961 1,466 33.8% Note: (1) Gross Profit / Revenue

Operating profit 1,188 865 37.3%

Profit before income tax 1,179 806 46.4% Profit attributable to equity holders of the Company 418 220 90.0% Cargo Handling Business Review

Container Handling Business

1H2020 1H2021

Million TEUs 15

10.30 10 8.57 6.73 5.66 5

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Throughput (total) Throughput (consolidated)

 The Group achieved total container throughput of 10.3 million TEUs, representing 20.1% increase yoy.

 The average unit price of the container cargo handling business was HK$209.7 per TEU, representing 4.2% decrease yoy. The decrease in the blended average unit price was mainly attributable to the impact of the change in cargo mix in the first half of 2021. Cargo Handling Business Review (con’t)

Non-containerised Cargo Handling 1H2020 1H2021

Million 250 tonnes 200

150 108.0 119.7 100 79.9 89.4

50

- Throughput (total) Throughput (consolidated) Throughput (total) Throughput (consolidated)

Total Throughput of Major Types of Non-containerised Cargo Handling Change vs (Million tonnes) 1H2021 1H2020 1H2020 Metal Ore 56.01 52.90 5.9% Coal 32.34 28.30 14.3% Crude oil 13.63 13.19 3.4% Steel 6.95 5.14 35.2%

 The average unit price of the non-containerised cargo handling business was HK$27.9 per tonne, representing 13.9% increase yoy. The average unit price denominated in RMB increased by 4.5% yoy. Financial Position and Cash Flow Information

Financial Position At 30 June 2021 At 31 Dec 2020 Change vs HK$mn 31 Dec 2020 Total assets 47,666 47,644 0.1% Total equity 29,677 29,064 2.1% Total borrowings 11,408 12,365 -7.7% Cash and cash equivalents 6,173 7,723 -20.1% Total gearing (%) (1) 38.4 42.5 -4.1ppt Current ratio 1.3 1.2 0.1ppt

Note: (1) Total borrowings / Total equity

Cash Flow HK$mn 1H2021 1H2020 Net cash from operating activities 1,402 1,277 Net cash (used in)/from investing activities (1,462) 899 Net cash used in financing activities (1,547) (1,961) Q&A Disclaimer

This presentation and subsequent discussion may contain certain forward-looking statements with respect to the financial condition, results of operations and business of Tianjin Port Development. These forward-looking statements represent Tianjin Port Development’s expectations or beliefs concerning future events and involve known and unknown risks and uncertainties which could cause actual results, performance or events to differ materially from those expressed or implied in such statements.。