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Land Bank & Urban Redevelopment III Product Excellence IV Development Strategy & Outlook Appendix

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Land Bank & Urban Redevelopment III Product Excellence IV Development Strategy & Outlook Appendix Logan Group Company Limited 2020 Interim Results Announcement August 2020 Contents I Results Highlights II Land Bank & Urban Redevelopment III Product Excellence IV Development Strategy & Outlook Appendix Acesite Park · Shenzhen 2020 Interim Results Highlights Continued leadership in profitability with clear Abundant premium land bank & advantages in Solid financials & lower financing cost 1 growth visibility 2 urban redevelopment projects 3 Profit attributable to the owners of the company reached Abundant premium land bank with saleable Net gearing of 68.3%; Interest coverage ratio of 4x; over RMB 6.1 bn, up 20.1% YoY resources of RMB 934.0bn, of which the value of 1H2020 average interest rate of new financing: Core profit(1) attributable to the owners of the company Greater Bay Area land bank is about RMB 762.0bn, 5.45%; Weighted financing cost: 5.93% exceeded RMB 5.3bn (+18.3%), with a core profit margin accounting for 82% of 17.6% (1H2019:17.3%) The total cash amounts to RMB 41.9bn, and the Near-term saleable resources reached RMB 479.1bn, short-term debt to cash ratio reached 2x Attributable contracted sales reached RMB 46.35bn sufficient to achieve attributable contracted sales (+12.1%) in 1H2020, achieving 42% of 2020 annual growth target in the next three years Diversified financing channels: On July 24th, the attributable contracted sales target, leading the industry Company issued 3+2 year domestic corporate Saleable resources from urban redevelopment in attributable contracted sales growth bonds with an interest rate as low as 4.69% 2020TTM ROE reached 35.4%, with average ROE reached RMB 454.9bn, with high value, good exceeding 30% for 8 consecutive years geographic footprint and short incubation period Lianhe Global and China Chengxin Asia Pacific upgraded the Company's rating to investment Attributable contracted sales Newly added land bank breakdown in 1H2020 grade BBB-, S&P and Fitch’s tied to credit rating of YoY growth BB (RMB mn) 46,354 12% 41,370 Net gearing Urban Saleable Public tender 67.4% 68.3% redevelopment resources and auctions 2% RMB 68.0 bn RMB RMB 61.2 bn 53% 129.2bn 47% 1H2019 1H2020 Average of Logan HK-listed PRC developers 2019/12/31 2020/6/30 Saleable value of land bank ROE 934 (RMB bn) Weighted financing cost 35.5% 35.4% +12.2% 6.1% 6.1% 5.93% 17.8% 832 6.0% 5.45% 2019 2019 2020 TTM 2018 2019 1H2020 Average of HK-listed PRC 2019/12/31 2020/6/30 Average borrowing rate New borrowing rate developer stocks Note: (1) The core profit mainly excludes changes in the fair value of investment properties and changes in the fair value of derivative financial instruments and related deferred taxes 2 2020 Interim Results Highlights (cont’d) 4 Attractive and stable dividends 5 Leading city’s comprehensive services provider 6 Continuous ESG Rating upgrade The Company is a constituent of Hang Seng High The four-wheel driven strategic development goals : Corporate Governance Dividend Yield Index, with a dividend yield of 6.3% in 2019, which ranks first among top ten(1) HK-listed Introduced long-term partnership plan to create and PRC developers share value Highly recognized corporate governance The interim dividend is HK43 cents per share, Attributable contracted “Fortune” China's Top 50 Board of Directors accounted for ~40% of attributable core profit. Residential sales to increase by Development No.4 corporate governance of listed China Since our IPO in 2013, a total dividend of HKD 3.03 ~20% per year has been distributed, far exceeding the IPO price property company in 2020 (HKD 2.1) Environmental Dividend yield(2) Promoted energy conservation and emission reduction, empowering urban green and healthy 6.3% 6.2% living Urban New engine for earnings 103 projects built with green design , of which 15 3.9% Redevelopment growth, accounting for ~20% obtained green certificates of annual core profit Social Became a corporate citizen recognized by 2019 2019 2020TTM customers, employees, partners and the community Average of top Logan's public welfare activities benefited more ten HK-listed PRC than 200 projects covering more than 20 cities, developer stocks Commercial The operational area will reach with 15,000 volunteers participating and over Operation 5mn sq.m. in 5 years 30,000 hours of services Dividend per share (HKD) Recognition 0.83 0.75 Upgraded by MSCI's ESG rating to "BB“ Awarded by the Real Estate TOP10 Research Group as 0.36 0.38 0.43 the 2020 Chinese Real Estate Enterprise of Excellent ESG Development Industrial The leasable project area will operation reach 2mn sq.m. in 5 years 2017 2018 2019 1H2019 1H2020 Create long-term growth value Notes (1) In terms of market capitalization (2) The 2019 dividend yield rate is the percentage of the FY2019 dividend to the closing price on Dec. 31, 2019; the 2020TTM dividend yield rate is the sum of the 2019 final dividend and the interim dividend for 2020 as a percentage of the closing price on Aug. 20, 2020 3 Contracted sales: continued steady growth Attributable contracted Average selling price Proportion of Greater Sales growth in the sales Bay Area Yangtze River Delta RMB 46.35bn RMB 14,985/sq.m. 60.1% 70% YoY growth 12.1% YoY growth 13.6% Regional penetration Rapid growth in new regions Attributable contracted sales Attributable contracted GFA(1) +12.1% (RMB mn) 46,354 (thousand sq.m.) 41,371 10.4% 3,144 3,043 3.5% 7.2% 3.7% 9.4% 35,189 4.6% 2.4% 0.7% 1.5% 15.9% 8.5% 0.6% 22.3% 3.2% 30.8% 21.5% 41.3% 1,809 30.6% 13.4% 60.1% 45.4% 70.0% 55.0% 47.1% 49.7% 41.2% 1H2018 1H2019 1H2020 1H2018 1H2019 1H2020 Greater Bay Area Southwest Region Yangtze River Singapore Other regions Notes (1) The contracted sales GFA does not include the parking space 4 1H2020 attributable core profit surpassed RMB 5.3bn (+18.3%) with industry-leading profitability 2020 TTM ROE reached 35.4% Revenue Attributable Core profit(1) and margin （RMB mn） （RMB mn） +14.9% 31,035 19.4% 17.3% 17.6% 27,022 5,334 4,510 Attributable Core Profit 15,154 2,938 Over RMB 5.3bn YoY 18.3% 1H2018 1H2019 1H2020 1H2018 1H2019 1H2020 Core Profit Margin Gross profit and margin ROE 17.6% （RMB mn） 37.0% 34.5% 35.2% Maintain at top in the industry 35.5% 35.4% 31.5% 10,934 30.6% Average ROE exceeding 30% 9,392 for 8 consecutive years Average ROE of Chinese developer stocks: 17.8% in 2019 5,611 1H2018 1H2019 1H2020 2017 2018 2019 2020TTM Notes (1) Core profit excludes changes in fair value of investment properties and changes in fair value of derivative financial instruments and related deferred taxes 5 Attractive and stable long-term dividends The cumulative dividend per share has reached HKD 3.03 since IPO, far exceeding the IPO price (HKD 2.1) Dividend per share Excellent dividend yield （HK cents） (2) 140 Dividend yield 120 100 HK$0.83 HK$0.75 80 Interim 6.3% 6.2% 15 dividend 60 HK$0.41 45 HK$0.43 40 HK$0.25 5 40 HK$0.11 HK$0.14 17 20 HK$0.11 3 38 43 22 19 20 0 11 11 14 2013 2014 2015 2016 2017 2018 2019 2020E Interim dividend Final dividend Special dividend 3.9% Annual dividend payout ratio (1) 80% 60% 50.0% 40.0% 40.0% 40.0% 40.0% 40% 33.1% 21.6% 1 20% 13.3% 9 2019 2019 2020TTM 0% Average of top (3) 2013 2014 2015 2016 2017 2018 2019 2020E 10 mainland real estate stocks Notes (1) Dividend payout ratio = dividends / core profit attributable to owners of the company (2) The 2019 dividend yield rate is the percentage of the FY2019 dividend to the closing price on Dec. 31, 2019; the 2020TTM dividend yield rate is the sum of the 2019 final dividend and the interim dividend for 2020 as a percentage of the closing price on Aug. 20, 2020 6 (3) In terms of market capitalization Stable and solid financial health, widely recognized by rating agencies with lower financing costs RMB 41.9bn cash on hand; 2x one-year borrowings Recognized off-shore ratings Stable on-shore ratings Lianhe Global：BBB- Investment Grade China Chengxin International：AAA China Chengxin APAC：BBB- Investment Grade United Credit：AAA S&P：BB Fitch：BB Robust debt structure Reasonable maturity profile Lower financing cost Onshore Offshore Bank 6.1% 6.1% Borrowings Within One Year 5.93% Senior Notes Two to Five Years 30% 32% 29% 51% Total 6.0% Debt: 5.45% RMB 77.6bn Onshore Corporate Offshore Bonds Bank 27% Borrowings One to Two Years 12% Total Debt: 2018 2019 1H2020 RMB 77.6bn 19% Average borrowing rate Onshore：56% New borrowing rate Offshore：44% 7 Contents I Results Highlights II Land Bank & Urban Redevelopment III Product Excellence IV Development Strategy & Outlook Appendix Daya Bay Project · Huizhou Saleable resources of RMB 934.0bn, covering four major fast- developing regions with more than 30 cities Land bank Total GFA 64.01mn sq.m. Total saleable resources RMB 934bn Saleable resources in GBA Yangtze River Delta 82% GFA: 12.4mn sq.m. Middle GFA: 0.98mn sq.m. region Saleable resources: RMB 99.4bn Saleable resources: RMB 15.8bn Southwest Land cost region RMB 4,610/sq.m. GFA: 44.89mn sq.m.
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