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Interim Report 2020 2020 INTERIM RESULTS PERFORMANCE HIGHLIGHTS

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Interim Report 2020 2020 INTERIM RESULTS PERFORMANCE HIGHLIGHTS Stock code: 66 KEEP MOVING Interim Report 2020 2020 INTERIM RESULTS PERFORMANCE HIGHLIGHTS Recurrent Business HK$ 21.6 billion Revenue 23.6% Recurrent Business HK$ 0.4 billion Profit^ 83.8% Property Development HK$ 5.2 billion Profit 571.0% Investment Property HK$ 6.0 billion (vs HK$2.1 billion revaluation gain for the Revaluation Loss six months ended 30 June 2019) Net Loss Attributable to HK$ 0.3 billion Shareholders of (vs HK$5.5 billion net profit for the the Company six months ended 30 June 2019) Interim Ordinary HK$ 0.25 per share (vs HK$0.25 per share of 2019 interim Dividend ordinary dividend) Total Assets HK$ 287.6 billion 0.6% (vs 31 December 2019) Net Assets HK$ 180.0 billion 3.6% (vs 31 December 2019) Net Debt-to- 18.9% Equity Ratio 3.5% pts. (vs 31 December 2019) ^ : including share of profit / loss of associates and joint venture CONTENTS 2 Hong Kong Operating Network with Future Extensions 4 Chairman’s Letter 8 CEO’s Review of Operations and Outlook 34 Key Figures 36 Corporate Governance and Other Information Unaudited Interim Financial Report 47 Consolidated Profit and Loss Account 48 Consolidated Statement of Comprehensive Income 49 Consolidated Statement of Financial Position 50 Consolidated Statement of Changes in Equity 51 Consolidated Cash Flow Statement 52 Notes to the Unaudited Interim Financial Report 72 Review Report Interim Report 2020 1 Shenzhen Lo Wu HONG KONG OPERATING NETWORK i WITH FUTURE EXTENSIONS Lok Ma Chau Sheung Shu LEGEND Fanling Station Proposed Station Shenzhen Metro Network Kwu Tung Interchange Station Proposed Interchange Station * Racing days only EXISTING NETWORK Airport Express Island Line Tuen Ma Line Phase 1 Tsuen Wan Line Tai Wo Disneyland Resort Line Kwun Tong Line South Island Line Tung Chung Line Long Yuen Long East Rail Line Light Rail Tseung Kwan O Line West Rail Line Ping 48 High Speed Rail 41 47 Tai Po Market Ma On Shan 36 Kam 33 Sheung Wu Kai Sha Road Tin Shui Wai PROJECTS IN PROGRESS 49 Heng On Hung Shui Kiu Shatin to Central Link (Tai Wai to Hung Hom Section) Shui 50 New Territories Tai Shatin to Central Link (Hung Hom to Admiralty Section) University Hang Siu Hong 30 39 POTENTIAL FUTURE EXTENSIONS UNDER RAILWAY 27 35 Shek Mun 29 Tuen Mun Racecourse* DEVELOPMENT STRATEGY 2014 Fo Tan Area 16 City One Northern Link and Tung Chung West Hung Shui Kiu Station 31 Tuen Mun South Kwu Tung Station Extension and Possible South Island Line (West) 28 Sha Tin Sha Tung Chung East Tin Tuen Mun South Extension North Island Line Wai Station 38 East Kowloon Line 45 Tsuen Wan Tai Wo Hau 05 Che KungTempl e 40 Kwai Hing 07 37 Tsuen Wan West Tai Wai 06 Hin Keng PROPERTIES OWNED / DEVELOPED / MANAGED BY THE CORPORATION Kwai Fong 01 Telford Gardens / Telford Plaza I and II 32 MTR Hung Hom Building / n 02 World-wide House Hung Hom Station Carpark 18 Mei Foo Kowloon Diamond Hill Choi Wa n 03 Admiralty Centre 33 Trackside Villas Tsing Yi Tong Wong Shun Ti Lai King Lai Chi Kok Lok Fu 25 04 Argyle Centre 34 The Capitol / Le Prestige / Hemera / Wings at Sea / MALIBU Tai Sin Choi Cheung ShaShui Wan Po 35 The Palazzo Hung 05 Luk Yeung Sun Chuen / Luk Yeung Galleria Sau Mau Pintg 36 Lake Silver y Sham k Kowloon 06 New Kwai Fong Gardens AsiaWorld-Expo Po Ta 46 She DisneylandResort Po Lam 07 Sun Kwai Hing Gardens 37 Festival City Kip Mei Kai Tak Nam 24 Sunny Ba Kowloon Hang Hau 08 Fairmont House 38 The Riverpark Cheong Bay Prince Sung 53 Airport 01 09 Kornhill / Kornhill Gardens 39 Century Gateway Edward Mong Mong Wong Kok Kok East Toi 42 The Austin / Grand Austin 20 To 10 Fortress Metro Tower 04 Kwa 11 Hongway Garden / Infinitus Plaza 45 Ocean Pride / Ocean Supreme / Ma Wan Ngau Tau Kok Cable Car Olympic Yau Ho 23 Man PARC CITY / THE PAVILIA BAY / City Point Tei 44 Kwun Tong 12 Perfect Mount Gardens Ngong Ping 360 Tin a 26 O 19 52 Tung Chung East 42 m Tin 46 Cullinan West Tung 21 La Tseung 13 New Jade Garden n Yau Tong Kwan Austin 47 The Spectra Chung Whampo 14 Southorn Garden Tung n Jordan Tiu Kowloo Keng 15 Heng Fa Chuen / Heng Fa Villa / Paradise Mall Chung Leng Hong Kong Tsim Hung 51 16 Park Towers West Sha Hom PROPERTY DEVELOPMENTS West Kowloo Tsui 32 17 Felicity Garden n 34 g East Tsim 10 18 Tierra Verde / Maritime Square 1 / Maritime Square 2 UNDER CONSTRUCTION / PLANNING Lantau Island Sha Tsui LOHAS Park 22 Fortress Hill Sai Ying Pu h 09 19 Tung Chung Crescent / Citygate / Novotel Citygate / Hong Kon rt 34 LOHAS Park Packages h Tamar 17 Seaview Crescent / Coastal Skyline / Caribbean Coast 11 Exhibition Causewayy No 40 Tai Wai Station Centre Ba Nort 12 20 Central Park / Island Harbourview / Park Avenue / Point 16 Quarry Bay Tai Koo Harbour Green / Bank of China Centre / HSBC Centre / 41 Tin Wing Stop 02 15 HKU Sheung Wan Tin 43 Wong Chuk Hang Station Packages Kennedy Hau Olympian City One / Olympian City Two Town Central 14 Sai Wan Ho 44 Ho Man Tin Station Packages Wan 21 The Waterfront / Sorrento / The Harbourside / 03 Chai Bay Shau Kei Wan The Arch / Elements / The Cullinan / The Harbourview 51 Yau Tong Ventilation Building 08 Causeway Heng Fa Chuen Place / W Hong Kong / International Commerce 52 Tung Chung Traction Substation Admiralty 13 Centre / The Ritz-Carlton, Hong Kong 53 Pak Shing Kok Ventilation Building 22 One International Finance Centre / Two International Hong Kong Island Chai Wan t Finance Centre / IFC Mall / Four Seasons Hotel / Queen Mary Four Seasons Place Hospital WEST RAIL LINE PROPERTY Cyberpor 23 Central Heights / The Grandiose / The Wings / Tin Wan Aberdeen PopCorn 1 / PopCorn 2 / Crowne Plaza Hong Kong DEVELOPMENTS (AS AGENT FOR THE Wah Fu Kowloon East / Holiday Inn Express Hong Kong Kowloon 43 RELEVANT SUBSIDIARIES OF KCRC) Wong g Ocean East / Vega Suites Chuk Park Han South 24 Residence Oasis / The Lane 39 Century Gateway Horizons Lei Tung 25 No.8 Clear Water Bay Road / Choi Hung Park & Ride 45 Ocean Pride / Ocean Supreme / 26 Metro Town PARC CITY / THE PAVILIA BAY / City Point 27 Royal Ascot / Plaza Ascot 46 Cullinan West 28 Ocean Walk 47 The Spectra / Sol City 29 Sun Tuen Mun Centre / Sun Tuen Mun Shopping Centre 48 Yuen Long Station 30 Hanford Garden / Hanford Plaza 49 Kam Sheung Road Station Packages 31 Citylink Plaza 50 Pat Heung Maintenance Centre 2 MTR Corporation Shenzhen Hung Shui Kiu 41 Long Lok Ma Chau 29 Ping 47 Siu Hong Tin Shui Wai 30 Lo Wu Tuen Mun 39 Area 16 Tuen Mun South 28 Yuen Long 48 Kwu Tung Kam Sheung Sheung Shui 49 Road 50 Fanling AsiaWorld- Expo Airport Intercity Through Ngo Train Route Map n Cable Car g Ping Tai Wo 360 Tung Chung Lantau Island Beijing Line West Tung19 Chung 52 New Territories Shanghai Line 45 Guangdong Line Tung Chung East Tsuen Wan West Tai Po Market 33 Beijing Tsuen Wan Sunny Bay 05 Disneyland 18 Guangzhou Tai Wo Hau Resort Tsing Yi Dongguan Kwai Hing Shanghai 07 Kwai Fong University 06 HONG KONG SAR Lai King Mei Foo 27 35 Fo Tan 31 Tai Shui Heng On Sha Tin Hang 46 Ma On Shan Tai Wai Racecourse* Nam Cheong 40 36 Lai Chi Kok 37 38 City One Wu Kai Sha Cheung Sha Wan Sha Shek Mun 20 Hin Keng Che Kung Tin Temple Wai Olympic Sham Shui Po Kowloon Tong 21 Prince Kennedy Edward k Town Kowloon She Lok Fu Sai Ying Pun 04 Kip Mei Kowloon Mong Interim Report 2020Wong HKU Hong Kong 42 Kok Tai Sin West Kowloon Austin 11 Yau Ma Mong Diamond Hill Tei Kok East Queen Mary Sheung Wan Tsim Sha 25 Hospital 22 Jordan Tsui 44 Ho Kai Tak Choi 02 Hong Kong To Sung Choi Wan Man Hung Cyberport Central Tin Kwa Wong Tamar Wan Toi 96 Shun Tin East Tsim Hung Sha Tsui Whampoa Kowloon Stations Wah Fu 32 Hom 01 Exhibition Bay Admiralty Sau Mau Ping 03 Centre 08 14 Ngau Tau Kok Po Tat Tin Wan Wan Causeway Chai Bay North Fortress Hill South 10 Aberdeen Kwun Tong Po Lam Horizons Causeway Bay Tin 16 24 Lei Tung Hau North Lam Tin Hang Hau Point 53 Wong Yau Tong 43 Chuk 26 23 Quarry Bay Hang 51 Hong Kong Island Ocean 09 Park Tiu Tseung 262.6 Tai Koo Keng Kwan O 17 Leng Route Length Sai Wan Ho 12 Shau Kei Wan LOHAS34 Park km Heng Fa Chuen 15 Chai Wan 13 3 CHAIRMAN’S LETTER Dear Shareholders and other Stakeholders, The past year has been an exceptionally challenging one Despite the odds, MTR managed to make progress on for me as Chairman of the Board and for the Corporation as projects that are important to our continued growth over the a whole. long term. In February, we opened Tuen Ma Line Phase 1 and have made further progress on the remaining works of the Following the public order events in the second half of 2019, Shatin to Central Link that will greatly add to the connectivity we were then confronted with the outbreak of the COVID-19 and convenience of our railway network in Hong Kong. We pandemic in Hong Kong and across the globe. The impact of also secured policy support for new railway projects, two of the novel coronavirus came at a scale and magnitude unseen which are now in the planning and design phase.
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