You are on page 1of 29

1H22/23 INTERIM RESULTS

PRESENTATION
(HKSE: 1686)
February 2023
DISCLAIMER

The information contained in these materials is intended for reference and general information purposes only. Neither the information nor any opinion contained in these
materials constitutes an offer or advice, or a solicitation, recommendation or suggestion by SUNeVision Holdings Limited (“SUNeVision”) or its subsidiaries, associated or
affiliated companies, or any of their respective directors, employees, agents, representatives or associates (collectively, “SUNeVision Companies and Personnel”) to buy or
sell or otherwise deal in any investment products, securities, futures, options or other financial products and instruments (whether as principal or agent) or the provision of
any investment advice or securities related services. Readers of these materials must, and agree that they will, make their own investment decisions based on their specific
investment objectives and financial positions, and using such independent advisors as they believe necessary or appropriate.

SUNeVision Companies and Personnel cannot and does not represent, warrant or guarantee the accuracy, validity, timeliness, completeness, reliability or otherwise of any
information contained in these materials. SUNeVision Companies and Personnel expressly excludes and disclaims any conditions or representations or warranties of
merchantability or fitness for a particular purpose or duties of care or otherwise regarding the information. Any forward-looking statements and opinions contained in these
materials are based on current plans, beliefs, expectations, estimates and projections at the date the statements are made, and therefore involve risks and uncertainties.
The past performance of SUNeVision is not necessary indicative of the future performance of SUNeVision and that the actual results may differ materially from those set
forth in any forward-looking statements herein. All information is provided on an "as is" basis, and is subject to change without prior notice.

In no event will any of SUNeVision Companies and Personnel be responsible or liable for damages of whatever kind or nature (whether based on contract, tort or
otherwise, and whether direct, indirect, special, consequential, incidental or otherwise) resulting from access to or use of any information contained in these materials
including (without limitation) damages resulting from the act or omission of any third party, even if SUNeVision Companies and Personnel have been advised of the
possibility thereof.

SUNeVision Companies and Personnel makes no guarantees or representations or warranties as to, and shall have no responsibility or liability for the information
contained in these materials which are provided by other third party. Access to and use of such information is at the user's own risk. SUNeVision Companies and Personnel
is not responsible for any losses or damage caused by any defects or omissions that may exist in the services, information or other content provided by such other third
party, whether actual, alleged, consequential, punitive, or otherwise.

2
SUNeVision AT A GLANCE

The largest Hong Kong based data centre service provider with differentiating capabilities

Largest Scalable Carrier - Neutral

6 Existing Data Centres + 2 Pipeline Projects + 2 Cable Landing Stations 300+


~26%
carriers, ISPs &
market share¹ Launched Upcoming Launched Upcoming other service providers

1.5 + 1.4²
million sq ft GFA Cloud Gateways

MEGA Fanling MEGA Gateway MEGA IDC HKIS-1 HKIS-2


All
Most Connected major cloud gateways5
Data Centres Cable Landing Stations

10 ~2X ~Double ~4X ~Quadruple


subsea cable PoPs3,4 total GFA to total IT capacity2 Trusted
~2.9m sq.ft to 280MW+
~15,000 22+
interconnections years’ of history
NEXT CHAPTER OF SUSTAINABLE GROWTH

Note: 1. Current capacity of 1.5 million sq ft GFA represents a market share of approx. 26% of Hong Kong high-tier data centre market based on company’s estimate as at 31 December
2022; 2. Represents future pipeline capacity; 3. FNAL and RNAL are counted as a single system, based on the same classification used by The Office of the Communications Authority
3
(OFCA); 4. Asia Direct Cable (ADC) has officially landed its Hong Kong segment at HKIS-1 while city PoP will be located at MEGA Plus; 5. All major cloud gateways that have presence
in HK including AWS, Azure, Google, Alibaba, Tencent etc.
PROVEN TRACK RECORD OF GROWTH OVER 22 YEARS

1 2 3 4
22+ years track record of Consistently maintained
Over HK$20.2b of total Strong revenue CAGR of
developing data centre portfolio industry leading EBITDA margins
capital invested over the years1 13% from FY2017–2022
and building strong clientele of over 60% in the past 11+ years

2H Revenue (HK$mn)
1H Revenue (HK$mn) 2022:
Opening of
MEGA Fanling
2001:
2017: 2022:
Opening of
Opening of Opening of 1Q CY23:
MEGA-i
MEGA Plus HKIS-1 MEGA
2000: Gateway
Opening of
JUMBO 2013:
MEGA Two
2000: further 2
Opening of expanded 2,086
2
ONE 1,874 4Q CY23:
2
1,714 MEGA IDC
2007: 1,561 (Phase 1)
1,365 1,091
Opening of
951
MEGA Two 1,142 895
999
918
846
706 765
631
522 544
406 1,108
323 819 923 995 CIP:
HKIS-2

FY2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 1H23

Source: Company Filings.


Note: Revenue figures shown refer to revenue recognized in the corresponding financial year ending June; An operating segment regarding investment properties holding was
4
discontinued upon the disposal of subsidiaries in FY2020; 1. Represents total gross property, plant and equipment on company balance sheet as at 30 June 2022; 2. Revenues for
continuing operations only.
ADVANCING SUNEVISION TO NEXT CHAPTER OF SUSTAINABLE GROWTH
WITH AN EXPANDED DATA CENTRE PORTFOLIO
MEGA Campus Cable Landing Stations
New Infrastructures

Gateway
Fanling

HKIS-1

HKIS-2
MEGA

MEGA

MEGA
IDC
Location Fanling Tsuen Wan Tseung Kwan O Chung Hom Kok Chung Hom Kok

GFA 129k sq. ft. 201k sq. ft. 1,212k sq. ft. 20k sq. ft. 29k sq. ft.

✓ First single-user data ✓ Designed as a connectivity ✓ Purpose-built ultra-high


✓ HK’s first carrier-neutral
Highlight centre hub and is complementary power of 180MW+ IT ✓ Synergies with HKIS-1
cable landing station
to MEGA-i’s connectivity capacity
Time for Newly operated in
1Q-CY23 4Q-CY23 (Phase 1) 2021 Construction in progress
service Late-Jun 2022
Existing IDCs

MEGA Campus Other


MEGA-i

Jumbo
MEGA

MEGA
Plus

Two

One
Location Tseung Kwan O Chai Wan Sha Tin Kwun Tong Tsuen Wan
GFA 474k sq. ft. 350k sq. ft. 429k sq. ft. 20k sq. ft. 120k sq. ft.
✓ Telco (China) and Internet
✓ Tier 3+ & Tier 4 ready ✓ Most connected telco and
gateway with Growing ✓ First data centre of
✓ Purpose built state-of-the- ISP hub in the region ✓ Cost effective facility
ecosystem SUNeVision
Highlight art flagship facility ✓ ~15,000 cross-connects Earliest brownfield
✓ Dedicated for data centre ✓ Convenient site in CBD for
✓ Greenfield site without ✓ Unrivalled connectivity conversion site
use with heavy loading enterprise clients
sub-leasing limitation advantage
support

5
DIVERSIFIED CUSTOMER FRANCHISE WITH BOTH HYPERSCALE AND
RETAIL CUSTOMERS

✓ Trusted By 300+ Providers of


Telco, Cloud, ISP, CDN, OTT, etc.
Leading
✓ Direct Access to Major Global Major
Cloud Service Providers HYPERSCALERS CLOUD
Service Providers

Top 5 customers accounted for


~49% of data centre revenue1
TOP GLOBAL
Investment Banks Retail Banks

Top 1
18%
Customer

49%
Top 2
14%
Customer

Top 3-5
17%
Customers
CDN & OTT AI Gaming

6 Note: 1. For the six months ended 31 December 2022.


1H22/23 PERFORMANCE HIGHLIGHTS
NEXT CHAPTER OF SUSTAINABLE GROWTH
1H22/23 UPDATES

SUNeVision is pleased to announce another strong interim results for 1H22/23 amid global uncertainties

✓ Revenue increased 11% YoY to HK$1,108mn


Strong Financial ✓ Revenue from data centre and IT facilities increased 9% YoY to HK$1,019mn
Performance1 ✓ EBITDA grew 11% YoY to HK$805mn
✓ Underlying profit increased 6% YoY to HK$433mn

✓ Launch of MEGA Gateway:


✓ Construction completed with customers starting to move in
Expansion Plan on ✓ 65% of space pre-committed by customers
Track ✓ MEGA IDC (Phase 1)
✓ Construction ongoing, RFS in 4Q2023
✓ Received strong interest from major cloud players

✓ Asia Direct Cable (ADC) has landed its Hong Kong segment at HKIS-1
✓ The advanced optical fibre submarine cable system will provide substantially more connectivity between Hong
ADC landing at HKIS-1 Kong and other countries
✓ ADC is just one of several cables to land in Hong Kong in the coming years, depicting Hong Kong’s importance as
a major international data hub

✓ The Judicial Review case regarding the subletting issue at the Tseung Kwan O Industrial Estate (TKOIE) has
Final Winning of concluded, with SUNeVision’s final winning of the case
TKOIE Lawsuit ✓ HKSTPC should rectify breaches of lease provision by data centre operators and ensure such land will not be
misused for inappropriate data centre use

8
Footnote: 1. % change is calculated based on related numbers in thousand.
EXPANSION PLAN PROGRESSING AS SCHEDULED

Construction of MEGA Gateway has been completed with customers starting to move in; Target opening of
MEGA IDC (Phase 1) by 4Q2023

Capacity Expansion Plan

(MW)

~ 4x in Total IT Power Capacity

130+ 280+

Ready for
Service
Imminently

50

20 100
10 80
70

2H2021 MEGA Fanling 2H2022 MEGA Gateway 1Q2023 MEGA IDC MEGA IDC Total
(Operated in (Ready for service: Phase1 Phase 2
Late-Jun 2022) 1Q2023) (Ready for service:
4Q2023)
9
LAUNCH OF MEGA GATEWAY

Construction of MEGA Gateway completed. Customers have started their fit-outs and have begun to move in.
Operations will commence shortly. Strong demand from connectivity customers with 65% pre-commitment

10
MEGA GATEWAY HIGHLIGHTS

MEGA Gateway is a green-field data centre development meeting current and future customers needs of high-
tier, high power density and strong connectivity

▪ Purpose-built high-grade superstructure


building en bloc for data centre use,
providing superb security and resilience
measures

▪ On-premises and dedicated use 132KV


substation ensuring adequate and timely
power supply to serve customers’ always
needs

▪ Modular electrical & mechanical design


meeting high-tier data centre standard and
allowing flexibility in fulfilling customised
specifications

▪ Strategically located in Tsuen Wan, Hong


Kong, where main trunk routes of many
telecom operators are passing by

▪ Next strong connectivity hub with excellent


connectivity to MEGA-i No. 1 carrier
dense colocation site in the World1

11
Note: 1. Source from TeleGeography “The State of the Network 2022”
MEGA IDC PROGRESSING WELL

MEGA IDC : Data Centre of Tomorrow

▪ Major updates

− Project to be built by 2 phases. Phase 1 (500,000 square feet GFA and


>50MW IT load) opening up in 4Q-CY23

− Phase 1 superstructure well advanced with construction up to 9th floor,


expected topping off in April 2023

− Construction of Phase 2 to commence in 2024

▪ Key Highlights

− State-of-the-art data centre purpose-built in addressing today and tomorrow


requirements: extra-large column free data hall, very heavy floor loading,
very high IT load density and plentiful choices of connectivity onto premises

− Ready to fulfil hyperscalers’ increase in high power requirements

− Direct connection to MEGA Plus in the neighbourhood

Location: Tseung Kwan O − Direct fibre cross-connect to MEGA-i via iAdvantage’s TKO Connect
GFA: 500K + 700 k sq. ft. between Chai Wan and Tseung Kwan O
MW: 50 + 130 MW

12
Note: Area outlined in red is Phase 1 of MEGA IDC
ASIA DIRECT CABLE (ADC) LANDS AT HKIS-1

The ADC has landed its Hong Kong segment at SUNeVision’s HKIS-1, with a new City Point-of-Presence (PoP)
at MEGA Plus. This will enable substantially more connectivity between Hong Kong and other countries

▪ ADC is the first international cable


to land in Hong Kong since 2017

▪ ADC will be Asia’s highest-capacity


intra-Asia submarine cable and will ▪ SUNeVision’s HKIS-1 differentiates
bring substantially more itself as the only carrier-neutral
connectivity between Hong Kong cable landing station in Hong Kong
and other countries to provide true connectivity
advantages to all peering partners
▪ One of several cables to land in
Hong Kong over the next few years
and reaffirms Hong Kong remains ▪ The landing of ADC will bring new
as an international data hub connections and boost connectivity
within SUNeVision MEGA
Campus; with Telcos and ISP
expanding presence at
SUNeVision to cater for the
increasing connectivity and traffic

13
FINAL CONCLUSION OF JUDICIAL REVIEW

A fair and healthy environment is beneficial to every participant in innovation and technology industry
Sep 2018

• SUNeVision applied for judicial review to challenge HKSTP’s decision not to take
immediate steps to rectify the failure / refusal to take reasonable steps to enforce Next Steps
restrictions in leases against subletting, parting with possession and/or sharing of
occupation
HKSTP has misconstrued the
Jun 2019 Occupation Restriction under its
own Lease Restriction Policy and
• Court of First Instance rejected the grounds of judicial review must rectify according to the
• Subsequently, SUNeVision filed an appeal against the first instance judgement court ruling

May 2022

• The Court of Appeal allowed the appeal against the first instance judgment lodged by
SUNeVision
Potential paths forward put forth in
Jun – Dec 2022
the public domain:

• HKSTPC applied to the Court of Appeal for a leave to appeal, and is awaiting decision
from the Court of Appeal

Strict enforcement Make appropriate


Dec 2022
of the no subletting amendments to the
• The Court of Appeal refused to grant leave to HKSTP to appeal to the Court of Final rule, i.e. Wholesale land-use terms to
Appeal and dismissed its application customers within allow subletting,
• HKSTPC has not lodged its application for leave to appeal to the Court of Final Appeal TKOIE DCs to move but charge a market
by the stated deadline and has effectively conceded the case out premium

14
1H22/23 FINANCIAL REVIEW
STABLE REVENUE GROWTH DRIVEN BY DEMAND FROM CUSTOMERS

Strong revenue growth of 11% YoY to HK$1,108mn reflecting strong demand for high-quality data centre space from
both hyperscale and connectivity customers

Net Revenue¹
(HK$mn) Total IT Capacity²: ~80MW
IT Occupancy³: ~78%

1,091 1,108
995 85 89
923 951
895 61
819 67 61
91
89

1,006 1,019
890 934
805 856
729

1H19/20 2H19/20 1H20/21 2H20/21 1H21/22 2H21/22 1H22/23

Data Centre and IT Facility ELV and IT System

Note: 1. Net revenue from data centre and IT facilities, ELV and IT systems only; 2. IT capacity in MW as at end of financial period; 3. IT capacity occupied in percentage as at end of
16
financial period;
HEALTHY EBITDA GROWTH AND MARGINS
3,500

EBITDA increased 11% YoY to HK$805mn and NPAT increased 6% YoY to HK$433mn. EBITDA margins 100%

3,000
remained strong at 73% with NPAT margin decreasing slightly due to increased finance cost
1,800 1

EBITDA and EBITDA Margin NPAT1


0

1,600

(HK$mn) (HK$mn)
80%

41% 41%
2,500

72% 72% 73% 73% 40% 40%


39%
69% 1,400
0

2,000

1,200
60%

1,501
1,000

847
1,500

1,360 0

788 -
1,186 40% 800

709 -
0

15
1,000

600

805 0

728 433
410
20%
400
- -
694
0

500

200

- 0%

- -

FY19/20 FY20/21 FY21/22 1H21/22 1H22/23 FY19/20 FY20/21 FY21/22 1H21/22 1H22/23
EBITDA Margin NPAT NPAT Margin
2
(Discontinued ops.)

Note: 1. NPAT refers to profit attributable to owners of the company excluding fair value increase in investment properties; 2. Discontinued operations refer to the investment property
17
holdings of Millennium City 1 and Kodak House II.
STRONG FUNDING PLATFORM WITH COMPETITIVE FINANCING COST

Access to competitively priced bank financing and strong financial support by major shareholder

Net debt / EBITDA1 Debt structure as of 31 December 2022

7.9X Shareholder's loan Total debt: HK$13.0bn


7.3X 7.5X 7.7X 7.6X
29%
HK$3.8bn
4.6X 5.1X 5.2X 5.0X 5.6X
Bank borrowings
FY19/20 FY20/21 FY21/22 1H21/22 1H22/23
71%
Net debt / EBITDA (excl. sh. loan) Net debt / EBITDA HK$9.2bn
• Shareholder’s loan provided quick access to capital at competitive terms • Bank borrowings consists of a number of bilateral unsecured bank loan
facilities

Gearing Ratio2 Effective Interest Rate3


Current Book Value Assuming
revaluation of
306%
253% 272% MEGA Campus*
202% 229%
4
2.8% 2.0% 2.0% 2.9%
179% 215% 47% 1.8%
126% 155% 170%
33%
FY19/20 FY20/21 FY21/22 1H21/22 1H22/23 1H22/23 FY19/20 FY20/21 FY21/22 1H21/22 1H22/23
Gearing Ratio (excl. sh. loan) Gearing Ratio
• Effective interest rate remains low
* Assumed revaluation of MEGA-i, MEGA Plus and MEGA Two • Interest rate of shareholder’s loan currently stands at 3% per annum as of
1H22/23
Note: 1. Annualised EBITDA, which is calculated by annualizing the EBITDA for the latest half year, is used for 1H21/22 and 1H22/23; 2. Gearing ratio is interest bearing debt less cash
18 divided by equity attributable to owners of the Company; 3. Effective interest rate is cash interest paid for the financial year divided by the average of opening and closing balance of
bank borrowings and shareholder’s loan; 4. Effective interest rate of 1H22/23 includes HK$57mn interest cost accrued from shareholder loan.
THANK YOU

19
APPENDIX
Sizable and growing addressable market
1
driven by secular tailwinds

Largest IDC player with best-in-class assets


2
in strategic locations across Hong Kong

Diversified, quality and sticky


3
client base
CORPORATE
HIGHLIGHTS 4 Strong future growth pipeline
SUNeVision is a leading data centre
service provider based in Hong Kong

Industry veteran management and


5
strategic shareholder support

21
1 SIZABLE AND GROWING ADDRESSABLE MARKET DRIVEN BY
SECULAR TAILWINDS
Unprecedented demand for data and traffic continues to drive demand for DC services. HK is a global DC hub
in the fastest growing region for DC

Demand for data and traffic HK public cloud market1 HK data centre market2
Cloud Software (US$m)
Technologies Cloud Infrastructure (US$m)
20-25E
1,955 CAGR 5.8mn sq ft
~2.5x 2022 HK DC GFA
5G Access
1,220 20%
IoT
783 + 5.6mn sq ft
AI
GFA growth 2022-27E
487
Big Data
735 20%
296
Data & Traffic
Demand 2020 2025E
• Public cloud network in HK expected to grow • One of the global DC hubs, with superior
Social Media at 20% CAGR from 2020-2025E connectivity, stable power supply and
supportive government policies
Mobile ‒ Cloud infrastructure to grow at 20%
Device CAGR, ~2.5 times the market size in 5 • Significant investments continued in 2022
years despite a global pandemic
• Strong tailwind of demand from public cloud • Existing demand largely connectivity driven
Multimedia Digital
vendors, MNC entering China and domestic and supported by BFSI3 and telcos
Content Entertainment
seeking overseas expansion
• Capacity driven demand by cloud service
• Both global and Chinese hyperscale providers and enterprises likely to prevail in
User Experience companies projected to command a growing near future
share of data centre demand in markets such
as Hong Kong, Japan and Singapore
22
Source: 1. IDC; 2. Company’s estimate of high-tier DC market as at 30 June 2021; 3. BFSI: Banking, Financial Services and Insurance.
1 SIZABLE AND GROWING ADDRESSABLE MARKET DRIVEN BY
SECULAR TAILWINDS
Hong Kong – global connectivity hub with subsea cables concentrated around the city

Hong Kong as Key Hub for Data Traffic Growth

Japan ✓ Geographical location, strong subsea cable


China
Korea
Tokyo connections & well-established connections in
the region
Within

100ms
Round trip Latency
– Prime geographical position within 100ms
round trip across APAC
Bhutan
– 12 out of 15 intra-Asia subsea cables2 are
Taipel
Hong Kong Taiwan
connected to HK
Vietnam
Myanmar
Hanoi ✓ Long history of free trade practice & trusted data
Laos
Naypyidaw protection scheme
Rangoon Vientiane
Thailand Manila ✓ Global recognition as distinctive location for data
Bangkok Guam
Cambodia Philippines Sea storage & transmission
Phnom Penh
Philippines ✓ Free flow of information with no censorship of
content
Sulu Sea Melekeok
Kuala Bandar Seri Begawan
Lumpur Brunet PALAU
Celebes Sea
Malaysia
Singapore
Indonesia

Source: 1. Structure Research, “2018 Global + Asia Pacific Data Centre Trends”, May 2018.
23
Note: 2. FNAL and RNAL are counted as a single system, based on the same classification used by The Office of the Communications Authority (OFCA).
1 SIZABLE AND GROWING ADDRESSABLE MARKET DRIVEN BY
SECULAR TAILWINDS
Reliable and abundant power supply and supportive government policies further serve as HK’s competitive
advantages for data centre services

Reliable and Abundant Power Supply1 Supportive Government Policies2


• HK has 2 power companies with superior reliability of 99.999% • The HK government has been increasingly supportive of the data
centre industry since 2010:

1 2
CLP HK Electric
– Data Centre Facilitation Unit
Established to provide integrated support and
Supplies electricity to Supplies electricity to services to operators in Hong Kong
Kowloon and the HK Island and Lamma Supporting
New Territories with a Island with a supply Authorities
supply reliability of 99.999% reliability of 99.999%

– Exemption of waiver fee for converting industrial


• The requirement of dual power feeds can be fulfilled by having two buildings to data centre use
power inputs from different substations of the same power company
– Lease modification for development of high-tier
Favorable
data centre on an industrial lot
Policies

24 Source: 1. Office of the Government Chief Information Officer - https://www.datacentre.gov.hk/en/transferdata.html


2. Office of the Government Chief Information Officer - https://www.datacentre.gov.hk/en/availablelands_ib.html
2 LARGEST IDC PLAYER WITH BEST-IN-CLASS ASSETS IN
STRATEGIC LOCATIONS ACROSS HONG KONG
Scalable data centre portfolio with strategic locations in Hong Kong

SUNeVision’s IDCs and Cable Landing Station are Developed in Strategic


Strategic Focus in HK
Locations in HK

Scale and cluster effect


Gateway to China • Interconnect with dark fibre cables
(Cross-border land cables) • Flexibility to grow with customers in multiple
locations (or Availability Zones for clouds) based
on their needs
MEGA • High barriers to entry as scale difficult to replicate
Fanling

Gateway to China & other regions


• 10 out of 12 submarine PoPs in HK1 (15 major
MEGA Two ones in APAC) are terminated in MEGA-i2
JUMBO
MEGA • China 3C campus in our MEGA campus acting as
Gateway MEGA gateway between China and other regions
(TWTL 428) Plus

~15,000 ONE Owner-operator model


interconnections • No delay due to third party approval process
MEGA IDC
MEGA-i (TKOTL 131) • Backed by SHKP’s construction expertise
• Long-term business partner reputation established

HKIS-1 HKIS-2
New data centre under construction
High-performance fibre connections Gateway to Rest of the World
(Submarine cables) Prime Spot for Data Traffic Growth

25 Note: 1. FNAL and RNAL are counted as a single system, based on the same classification used by The Office of the Communications Authority (OFCA); 2. ADC officially landed its
Hong Kong segment at HKIS-1 while city PoP will be located at MEGA Plus
3 DIVERSIFIED, QUALITY AND STICKY CLIENT BASE

Diversified clientele with robust and accelerating demand from both hyperscale and retail customers, with top
5 customers accounted for ~49% of data centre revenue

Top DC Ecosystems in HK* Clients’ Demand SUNeVision’s Solution


(% of Market Ecosystem) • Demand from hyperscale / MEGA Plus
cloud players ✓ First greenfield site in Hong Kong dedicated to high-tier

Self owned
39% data centre use
• Host their fast-growing data
MEGA Two
• Strong demand for high power density ✓ High specs brownfield conversion project into Tier 3+ DC
Hyperscale data hall space with high resilience
29% Capacity against disruption MEGA IDC and MEGA Gateway (RFS Soon)
✓ Purpose-built high-power density and connecting facilities
• Global hyperscale customers to expand
into China / Chinese hyperscale

Leased
MEGA Fanling (Opened in June 2022)
customers to expand out of China ✓ Group’s first single-user data centre fully pre-committed
from inception

MEGA-i
• New economy players and traditional ✓ HK’s no.1 most connected interconnection ecosystem,

Self owned
3% 3% 2% businesses going digital, connecting with ~15,000 cross-connects
with others ✓ Leading peering community linking up global and regional
Connectivity
telcos, ISPs, cloud and new economy players and enterprises
• Video conference, e-commerce,
Equinix HKCOLO Digital PCCW ✓ Main data gateway between HK, PRC and the world
gaming and other online applications
Realty Solutions MEGA Gateway (RFS Soon)
✓ Purpose-built and complementary to MEGA-i
Note: *Total number of service providers within all the
facilities the data centre operator has within Hong Kong. • Combination of different types of assets provides more services and caters to need of different customers
Source: Cloudscene website as of Dec 2022. (from colo to hyperscaler)
• Significant growth potential on the back of client relationship and existing strategic locations

Customer Universe

Cloud Financial Inst Telcos MNCs Domestic Co. E-commerce Social Media Fintech Streaming

26
4 PROVEN DUAL CORE STRATEGY FOR FUTURE GROWTH

Full Asset Ownership Model

✓ Provides Company with superior control in


managing underlying properties
– Decisions optimised based on business needs
Asset Light Model
– Long-term stability an important consideration
MEGA-i for DC clients
(Chai Wan)
✓ Limited land supply nature of Hong Kong ✓ Unlock synergies with major shareholder
providing scarcity and strategic value Sun Hung Kai Properties

✓ Offers better control over cost and return on – Identification of land and building
individual projects for conversion

✓ Helps secure financing at attractive rate – Large land bank in Hong Kong
MEGA PLUS
(Tseung Kwan O) ✓ Reduces upfront capital requirement
✓ Provides flexibility to undertake
more projects
✓ Accelerated growth from brownfield projects
given shorter development-to-operational
MEGA Two MEGA IDC MEGA Gateway JUMBO ONE lead time (<12 months) MEGA Fanling
(Sha Tin) (TKOTL 131) (TWTL 428) (Tsuen wan) (Kwun Tong) (Fanling)

Extensive experience in both models for future growth

27
5 INDUSTRY VETERAN MANAGEMENT AND STRATEGIC
SHAREHOLDER SUPPORT

Veteran management and strong backing by strategic shareholder, enabling the fastest and most efficient
high-tier data centre build in Hong Kong
Industry Veteran Management

Key Leadership

Raymond Tong Martin Chan Helen Lo Elisha Tong Alvin Hui Magdalene Lee
CEO & COO & General Manager, General Manager, Head of Technology Director of Human
Executive Director Executive Director Commercial Commercial Resources
Year joined: 2018 Year joined: 2012 Year joined: 2020 Year joined: 2019 Year joined: 2019 Year joined: 2019

Selected Work • Maxim’s Group • PCCW Limited • Monitor Consulting • IBM • Yahoo • SmarTone
Experiences • Sumitomo • Paxus Financial System • Tencent Group • Prudential Assurance • Johnson & Johnson
• China Resources • Tencent Music • Trane Hong Kong
Microeletronics Limited Entertainment • Banco Santander
• Pacific Coffee

Strategic Shareholder
SHK Properties (0016.HK)
• Execution of high-tier greenfield DC
project in HK is complex and
✓ One of the World’s largest real estate ✓ Identification and purchase of land and challenging
building for conversion
developer by market capitalisation1 • Typical timeframe is c. 4-5 years
✓ Provides expertise with proven track ✓ Design and project management ✓ Delivered MEGA
record ✓ Construction expertise Plus with the highest
✓ SUNeVision + SHKP together possess ✓ Meeting various regulatory requirements efficiency and
end-to-end core competence in HK quickest timeframe
✓ DC operation and customer servicing (3.5 years)

28 Note: 1. Market capitalization of SHK Properties is US$40.6 billion as at February 21, 2023
ESG AND SUSTAINABILITY INITIATIVES

SUNeVision believes sustainability is key to a successful business, implementing sustainable initiatives from
environmental-friendly DC designs to community investment to structured employment and labor practices that
attract top talents

Environment Awards

✓ Ambitious target of achieving an overall COP1 of 5+ for the Group’s chillers by the year 2030 2021 MultiCloud
2021 Best DC
‒ Substantial decrease in carbon intensity for DC cooling Mngt (Northeast
Provider (Overseas)
Asia)
✓ Green building: BEAM Plus in MEGA-i, MEGA Two and MEGA Plus Award

✓ Energy saving and emission reduction:


‒ Solar panel pilot project in MEGA Plus to reduce carbon footprint 2021 Innovative
DC Service

Community
2021 InnoESG
✓ Supported CFA Institute Research Challenge 2020/21 Prize
✓ Supported CLP Retro-Commissioning Charter program
✓ Foster digital awareness and inclusion in community: Foundation partner of Infrastructure Only DC provider in HK to receive
Masons HK Chapter in 2021 the Renewable Energy Contribution
Award by CLP for the second
consecutive year in 2021
Employment and Operational Practices
Solar Panel at MEGA Plus
✓ Full senior leadership commitment for inclusive management and coaching, work life balance
and family friendliness
✓ Values equality and diversity with 50% female representation in management position
✓ 24-hour Hearty Hotline service to provide professional counselling and consultation service

Note: 1. Coefficient of Performance; 2. Due to insignificant waste generation in Super e-Technology and Super
29
e-Network, the total non-hazardous waste generation has covered iAdvantage only.

You might also like