No Va Land Investment Group Corp. · HOSE:NVL
No Va Land Investment — Q3 2020 Earnings Presentation
31 slides from No Va Land Investment's earnings presentation, Nov 4, 2020
Slide 1: Earnings Presentation 3Q2020
EARNINGS PRESENTATION 3Q2020
Slide 2: Disclaimer
DISCLAIMER This document and any related presentations have been prepared by No Va Land Investment Group Corporation (“Novaland” or the “Company”) solely for use at its presentation to prospective investors and may not be taken away, reproduced or redistributed to any other person. By attending this
Slide 3: Table of Contents
TABLE OF CONTENTS I. MARKET UPDATES II. PROJECT UPDATES III. BUSINESS HIGHLIGHTS IV. OPERATIONS Aqua City Project (Dong Nai) 33
Slide 4: Market Updates
MARKET UPDATES 44
Slide 5: Vietnam's Economy Positive Prospect Post 2nd Wave of COVID-19
VIETNAM’S ECONOMY POSITIVE PROSPECT POST 2ND WAVE OF COVID-19 POSITIVE GDP GROWTH IN 3Q2020 (%) – 2.12% Y-O-Y PMI INDEX RECOVERED ITS PRE-COVID-19 LEVEL Indonesia Malaysia Philippines Singapore Thailand Vietnam 55 52 51 51 51 50 50 50 7.5 50 50 50 50 50 49 49 7.0 48 48 6.8 48 48 47 50 47 47 47 47 5.
Slide 6: HCMC Residential Market – Increased Selling Prices with Shortage of New Project Launch
HCMC RESIDENTIAL MARKET – INCREASED SELLING PRICES WITH SHORTAGE OF NEW PROJECT LAUNCH AVERAGE PRIMARY PRICE REAL ESTATE BOOMS IN HCMC’S EASTERN SIDE LUXURY HIGH-END MID-END AFFORDABLE Price Q3 2020 growth rate compared to Accumulated new launch by area (units) Prices of residential product prices U
Slide 7: Hospitality Real Estate Market - Shortage of Supply
HOSPITALITY REAL ESTATE MARKET - SHORTAGE OF SUPPLY LONG-TERM OUTLOOK REMAINS HEALTHY RESUME INTERNATIONAL COMMERCIAL FLIGHTS Improvement in infrastructure China Japan Favourable visa policies Korea Being one of the key economic Taiwan sectors of Vietnam Cambodia Laos End of Septem
Slide 8: Project Updates
PROJECT UPDATES The Grand Manhattan(D.1, HCMC) 88
Slide 9: Public Infrastructure Development
PUBLIC INFRASTRUCTURE DEVELOPMENT Novaland directly benefits from public infrastructure development with projects located at strategic locations Expansion of 5 Roads in District 9 Nhon Trach Bridge Metro line 1 NVL’s benefited Projects: in D.2, D.9 NVL’s benefited Projects: in D.2, D.9, Aqua Cit
Slide 10: Projects Are Distributed at Strategic Locations Directly Benefited from Infrastructure Development
PROJECTS ARE DISTRIBUTED AT STRATEGIC LOCATIONS DIRECTLY BENEFITED FROM BURGEONING INFRASTRUCTURE DEVELOPMENT Source: Company information 1010
Slide 11: Projects at Strategic Locations - Cont'd
PROJECTS ARE DISTRIBUTED AT STRATEGIC LOCATIONS DIRECTLY BENEFITED FROM BURGEONING INFRASTRUCTURE DEVELOPMENT - CONT’D Source: Company information Novaland’s landbank Existing routes Future routes 1111
Slide 12: Grand Manhattan & Soho Residence
GRAND MANHATTAN & SOHO RESIDENCE CONSTRUCTION PROGRESS Grand Manhattan September 2020 – Images of project’s foundation Sep 28, 2020 Constructing the first basement level Soho Residence Aug 26, 2020 Topping-out ceremony Click to view property video Source: Company Information 12
Slide 13: Aqua City
AQUA CITY COMMENCEMENT OF AQUA WATERFRONT CITY (91HA) Aqua City (112ha) Construction of Aqua Sports Complex Aug 28, 2020 started, with a total site area of 8,000 sqm. Aqua Waterfront City (91ha) Site clearing Nursery garden Construction of Aqua Waterfront Sep 17, 2020 started, including inte
Slide 14: NovaHills Mui Ne
NOVAHILLS MUI NE CONSTRUCTION PROGRESS Welcome center Villas Constructing and finishing townhouses, villas September 2020 Completed the Welcome Center Expected handover 4Q2020 - 2021 Project’s top-down view Construction of swimming pool Click to view property video Source: Company Informat
Slide 15: NovaWorld Phan Thiet
NOVAWORLD PHAN THIET CONSTRUCTION PROGRESS Villas under construction 36 holes golf course Finished model houses, completing the golf course in December 2020. September 2020 Construction of the Sport Complex starts in 4Q2020. Shophouse operated at Model house NovaWorld Phan Thiet Expected Ope
Slide 16: NovaWorld Ho Tram
NOVAWORLD HO TRAM CONSTRUCTION PROGRESS Construction of Ocean Pool Shophouse operated at NovaWorld Ho Tram Click to view property video – The Tropicana NovaWorld Ho Tram – The Tropicana (100ha) Constructing & finishing shop-houses, villas September 2020 and the Ocean Pool Expected Handover S
Slide 17: Business Highlights
BUSINESS HIGHLIGHTS 1717
Slide 18: 9M2020 Business Highlights
9M2020 BUSINESS HIGHLIGHTS NPAT INCREASED BY 204% Y-O-Y, POSITIVE PRESALES PERFORMANCE DIVERSIFIED FUNDRAISING WELL COMPLETED 90% OF 2020 TARGET AMID COVID-19 STRATEGY RECOGNIZED BRAND Net Revenue: USD 273 million Presales: 3,184 units – increased Disbursement: USD 914 million Business Excel
Slide 19: Legal Review Developments in Ho Chi Minh City in 2020
LEGAL REVIEW DEVELOPMENTS IN HO CHI MINH CITY IN 2020 The HCMC DONRE has sufficiently provided 1,000 residents' LURC which belongs to 16 different projects in HCMC, including Novaland's Tropic Garden September project in District 2. The HCMC People's Committee has sent an official request No. 3416/U
Slide 20: Financial Highlights – Net Profit After Tax Completed 90% of 2020 Target
FINANCIAL HIGHLIGHTS – NET PROFIT AFTER TAX COMPLETED 90% OF 2020 TARGET NET REVENUE (USD million); CAGR 2016 – 2019: 14% GROSS PROFIT (USD million); CAGR 2016 – 2019: 26% 22% 28% 34% 29% 33% 28% 62% 700 240 600 656 210 639 221 180 208 500 499 150 169 400 469 410 120 140 135 300 115 316 90 200 273 6
Slide 21: Balance Sheet Snapshot
BALANCE SHEET SNAPSHOT TOTAL ASSETS (USD million); CAGR 2016 – 2019: 35% INVENTORIES (USD million); CAGR 2016 – 2019: 54% Short-term Assets Long-term Assets Landbank Others 5,553 39% YTD 3,407 44% YTD 234 1,129 3,862 2,455 256 2,967 806 2,087 817 1,336 3,173 4,424 1,093 268 1,568 355 44 678 516 2,19
Slide 22: Key Credit Metrics
KEY CREDIT METRICS PROFITABILITY RATIO REMAINED HIGH (%) LIQUIDITY REMAINED HEALTHY (times) Quick ratio Current ratio Net profit margin Gross profit margin 62 4.08 3.79 34 52 28 29 22 2.02 1.79 1.79 31 0.97 0.94 0.66 0.68 0.74 23 21 14 2016 2017 2018 2019 9M2020 2016 2017 2018 2019 9M2020 LEVERAGE R
Slide 23: Debt Profile
DEBT PROFILE DEBT MATURITY SCHEDULE (USD million) DEBT BY CURRENCY MIX (%) 2020 2021 2022 2023 After 2023 10,000 800 9,000 743 USD 700 42% 8,000 VND 600 58% 7,000 500 6,000 5,000 449 400 418 DEBT STRUCTURE (%) 4,000 300 3,000 200 2,000 Bonds , 45% 100 Loans , 42% 1,000 117 62 0 0 2020 2021 2022 2023
Slide 24: Presales Increased 24% Q-o-Q with Strong Unbilled Booking
PRESALES INCREASED 24% Q-O-Q WITH STRONG UNBILLED BOOKING PRESALES PERFORMANCE (Units) UNBILLED REVENUE (USD billion) 9,000 4.5 15% Q-o-Q 8,000 4.0 8,000 3.9 7,000 3.5 3.0 3.4 6,000 6,367 2.9 3.0 5,000 2.5 4,000 24% Q-o-Q 2.0 3,000 1.5 3,184 1.6 2,000 1.0 1,000 1,820 0.5 722 - - 2019 2020F 1Q2020 1H
Slide 25: Operations
OPERATIONS The Grand Manhattan(D.1, HCMC) 2525
Slide 26: Novaland's 28th Anniversary – Focusing on Long-Term Strategy & Customer Benefits
NOVALAND’S 28TH ANNIVERSARY – FOCUSING ON LONG-TERM STRATEGY & CUSTOMER BENEFITS CONTINUE THE 2ND PHASE OF THE GROUP’S LONG-TERM DEVELOPMENT STRATEGY CUSTOMER LOYALTY PROGRAM Apart from Central Real Estate products, the Group also expanded into Satellite Urban Area, Second- A series of customer loya
Slide 27: Continue Focusing on Comprehensive Project Ecosystem
CONTINUE FOCUSING ON COMPREHENSIVE PROJECT ECOSYSTEM WORLD-CLASS SERVICES ACROSS NOVALAND’S PROJECTS WELLNESS FACILITY NOVA FOOD & BEVERAGE Aqua Sport Complex - a Nova Food & Beverage with 8,000 sqm multi-functional hundreds of food and sport center with five floors beverage shops and bars will be o
Slide 28: Launch Events in 2H2020
LAUNCH EVENTS IN 2H2020 GRAND MANHATTAN LAUNCH NOVAWORLD PHAN THIET: “FEEL THE BEACH” CAMPAIGN EVENTS Customers had the opportunity to visit model house, PGA standard golf course and enjoy the newly New products were introduced with attractive launched F&B services at NovaWorld Phan Thiet projec
Slide 29: IR Activities – Top 03 Listed Companies with Best Investor Relations Practices
IR ACTIVITIES – TOP 03 LISTED COMPANIES WITH THE BEST INVESTOR RELATIONS PRACTICES TOP 03 LISTED COMPANIES WITH THE UPCOMING IR ACTIVITIES IR ACTIVITIES BEST IR PRACTICES Actively update latest business operations to investors, shareholders through a series of Top 03 listed companies (large capi
Slide 30: Q&A Session
NQ@va LAND CHO CU6c SONG BUNG SANG Q&A SESSION > AEnnTE ete nie
Slide 31: Thank You
THANK YOU NOVALAND GROUP 65 Nguyen Du Street, Ben Nghe Ward, District 1, HCMC, Vietnam Tel. : +84 906 35 38 38 Email : ir@novaland.com.vn Website : www.novaland.com.vn 3131
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