No Va Land Investment Group Corp. · HOSE:NVL
No Va Land Investment — Q1 2022 Earnings Presentation
41 slides from No Va Land Investment's earnings presentation, May 4, 2022
Slide 1: Earnings Presentation 1Q2022
EARNINGS PRESENTATION 1Q2022 May 2022
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: Agenda
01. MARKET HIGHLIGHTS 02. PROJECTS & LANDBANK 03. OPERATIONS 04. FINANCIAL HIGHLIGHTS 3
Slide 4: 01. Market Highlights
01. MARKET HIGHLIGHTS
Slide 5: Q1 2022 Witnesses Positive Recovery Since Post-COVID
Q1 2022 WITNESSES POSITIVE RECOVERY SINCE POST-COVID Vietnam economy expands 5.03% in Q1 2022 Industry and construction contributes largest share to Vietnam’s GDP 7.38 6.79 5.9 6.12 5.48 5.06 5.15 5.03 4.75 4.76 43.16 4.48 3.68 51.08 5.76 Q1 2011 Q1 2012 Q1 2013 Q1 2014 Q1 2015 Q1 2016 Q1 2017 Q1 20
Slide 6: COVID-19 Updates
COVID-19 UPDATES Total vaccinated Partially vaccinated Fully vaccinated Booster shot 79.8M 2.5M 77.4M 52.3M 82.8% population 2.6% population 80.2% population 54.2% population Source: VnExpress on April 21 2022 Number of daily deaths by COVID-19 dropped Vietnam accelerated vaccination rate for childr
Slide 7: HCMC Condominium: Lowest New Quarterly Supply Since 2013
HCMC CONDOMINIUM: LOWEST NEW QUARTERLY SUPPLY SINCE 2013 Over 50% of new supply comes from high-end segment Sold units exceed new supply Condominium: Sold units exceed new supply with 90% sold of newly launched projects in the first quarter Source: CBRE. (1) Luxury: >4.000 USD/m2 | High-end: 2.000 –
Slide 8: Home Buyers' Preferences Switch to Satellite Cities
HOME BUYERS’ PREFERENCES SWITCH TO SATELLITE CITIES New launch and sold units New launch by region Primary price by region (VND mil/sqm) Condominium market: Primary price increases by 2% - 5% q.o.q 9000 450.0 425.0 0% 8000 400.0 7000 350.0 6000 34% HCMC 300.0 5000 Long An 250.0 4000 Dong Nai 200.0 3
Slide 9: Hospitality Market Set to Bounce Back
HOSPITALITY MARKET SET TO BOUNCE BACK Villa: New supply and absorption rate by quarter | New supply by region in 1Q2022 • New supply and absorption rate increase mildly 7% y.o.y, mainly recorded in March, which is 65% of 2000 total supply within the quarter. 14% 1500 19% • Primary price in Central V
Slide 10: Infrastructure Developments
INFRASTRUCTURE DEVELOPMENTS • March 2022: • Most packages construction are on commencement schedule, for package except for No.5 and No.6. package 1 with June 2022: only 40% of the Completion of progress due to site clearance material • October 2022: shortage Completion of • December foundation 2022
Slide 11: 02. Projects and Landbank
02. PROJECTS AND LANDBANK
Slide 12: Strong Acquisition of New Landbank in Premium Locations
STRONG ACQUISITION OF NEW LANDBANK IN PREMIUM LOCATIONS Da Nang 2022 Landbank 2022 10,600 ha Existing and short-term projects Landbank in mid-term (+96% y-o-y) New land acquired located in premium locations 2021 • Lam Dong • Binh Thuan • Dong Nai HCMC • Khanh Hoa • Hue HCMC Mekong Delta Mekong Delta
Slide 13: Insight into Landbank
INSIGHT INTO LANDBANK Landbank by Segment Landbank by Locations 12000 1,745 10,555 6% 10000 8,810 35% 8000 Central Hectares 6000 60% South & 4000 Highland 2000 HCMC 0 Hospitality Residential Total GDV by Segment NSA by Segment (Hectares) Hospitality 2278 44% Hospitality Residential 877 56% Residenti
Slide 14: Aqua City – Ready to Handover Massive Units
AQUA CITY – READY TO HANDOVER MASSIVE UNITS Source: Company Information, VnExpress, Baophapluat.vn 14
Slide 15: Aqua City
AQUA CITY Aqua City Aqua Riverside City Aqua Waterfront City Phoenix Island Source: Company information Total NSA: 493,097 sqm Total NSA: 360,584 sqm Total NSA: 383,776 sqm Total NSA: 1,350,140 sqm Total planned units: 2,116 Total planned units: 1,867 Total planned units: 2,701 Total planned units:
Slide 16: NovaWorld Phan Thiet Attracted Thousands of Visitors
NOVAWORLD PHAN THIET ATTRACTED THOUSANDS OF VISITORS Source: Company Information, Binh Thuan Online 16
Slide 17: NovaWorld Phan Thiet
NOVAWORLD PHAN THIET Villas and Clubhouse Shophouses Amenities Source: Company information Total NSA: 3,286,255 sqm Total planned units: 18,700 Key Metrics Launched @45% Take-up @76% Construction Done Done Done Permits 1st phase: 100% Infrastructure 95% 100% 2nd phase: 56% Admin center, Au Lac Do re
Slide 18: NovaWorld Ho Tram Opened Tropicana Park
NOVAWORLD HO TRAM OPENED TROPICANA PARK 18
Slide 19: NovaWorld Ho Tram
NOVAWORLD HO TRAM Tropicana Habana Island Wonderland Source: Company information Total NSA: 389,934 sqm Total NSA: 89,268 sqm Total NSA: 36,839 sqm Total planned units: 1,919 Total planned units: 394 Total planned units: 271 Key Metrics Launched @91% Launched @37% Launched @100% Take-up @71% Take-up
Slide 20: NovaWorld Ho Tram
NOVAWORLD HO TRAM Happy Beach Morito Source: Company information Total NSA: 48,830 sqm Total NSA: 34,813 sqm Total planned units: 332 Total planned units: 227 Key Metrics Launched @100% Launched @57% Take-up @79% Take-up @68% Construction Permits Partially Done Infrastructure 100% for sample model h
Slide 21: Legal Updates
LEGAL UPDATES New law and registrations taken Decision 2161/QD-TTg into effect Approval of the national housing Law on Investment 2020 - development strategy for the period Effective date: 1 Jan 2021 2021-2030, looking forward to 2045. Amended Construction Law - Effective date: 1 Jan 2021 1Q20
Slide 22: 03. Operations
TECHN CCRECCOAC ERE 03. OPERATIONS
Slide 23: Grand Sentosa
NEW PHASE | PROJECT TO BE LAUNCHED GRAND SENTOSA Total area: 10,800 sqm Located at the South of Ho Chi Minh City and in the same area with other key lively zones of the city including Phu My Hung Town or Sunrise-Project Community. The project will be built with Singaporean advisor on international s
Slide 24: Long Island (NovaWorld Ho Tram)
NEW PHASE | PROJECT TO BE LAUNCHED LONG ISLAND (NOVAWORLD HO TRAM) Total area: 30 hectares Number of units: 500 units The project is expected to continue the success of the previous subdivisions of NovaWorld Ho Tram. With its location on the similar coastal road of Tropicana – Happy Beach – Morito,
Slide 25: Helicopter Site Tour
ENHANCE BUYER EXPERIENCE HELICOPTER SITE TOUR In March – April, Novaland organized helicopter tours to our two key hospitality projects of: - NovaWorld Phan Thiet (40 mins of flying) - NovaWold Ho Tram (20 mins of flying) for VIP home buyers and honored guests 25
Slide 26: Yacht Tour
ENHANCE BUYER EXPERIENCE YATCH TOUR In March – April, Novaland continued to bring homebuyers to: - Aqua City - NovaWold Ho Tram via cruise and yatch. 26
Slide 27: Hot-Air Balloon Tour
ENHANCE BUYER EXPERIENCE HOT-AIR BALLOON TOUR Starting from early February 2022, Each balloon has the capacity of 4 people Novaland invited several potential and provided customers with a unique homebuyers to experience hot-air balloon experience: Watching the sunrise and tour in HCMC as a way of in
Slide 28: CSR Activities in 1Q2022: Spread Out 'Green Motto'
Organized “Recycling Day” in corporation with PRO ‘Beach Clean Up Day’ at Phan Thiet Beach with the Scholarship Reward to undergrad and post-grad Vietnam at Rich Star 2 Project participation of 2021 Miss Earth, Destiny Wagner. students of HCMC National University by Novaland. CSR ACTIVITIES IN 1Q202
Slide 29: Awards and Unit Hand-over
AWARDS UNIT HAND-OVER Top 10 Real Estate Developers in Vietnam by VNREA in 2022 Handing over units in Florida Subdivision (NovaWorld Phan Thiet) Most Appreciated Recruiters in Real Estate by Career Builder 29
Slide 30: Strengthen Ecosystem with Reputable Partners
STRENGTHEN ECOSYSTEM WITH REPUTABLE PARTNERS During 1Q2022, Novaland and other member companies of NovaGroup continued to sign several strategic Novaland and NovaGroup also signed agreements to strengthen the ecosystem. several MoU & agreements with other reputable partners , including: Notably, in
Slide 31: 2022 AGM & Broker's Meeting
PROACTIVE IR ACITIVITIES 2022 AGM & BROKER’S MEETING During early April 2022, Novaland’s IR Department co-hosted mini- On April 19, 2022, the 2022 Annual General Meeting for roadshow with reputable securities companies in order to update Shareholders of Novaland took place with the business results
Slide 32: 04. Financial Highlights
04. FINANCIAL HIGHLIGHTS
Slide 33: Key Highlights
KEY HIGHLIGHTS (USD m) 1Q2022 1Q2021 Y-o-Y Change Net Revenue 85 195 -57% Gross Profit 31 74 -58% Gross Profit 37% 38% -1% ~ USD1.2 billion Margin 1,732 units NPAT 45 30 +49% Total Assets 9,703 6,652 +46% ~ USD8.8 billion Inventories 5,215 3,898 +34% Source: Company Information, as at 31 Mar 2022. U
Slide 34: Financial Highlights
FINANCIAL HIGHLIGHTS Net Revenue (USD m); CAGR 2017 – 2021: 8% Gross Profit (USD m); CAGR 2017 – 2021: 22% 28% 34% 29% 62% 45% 38% 37% 1,558 308 223 225 662 687 504 473 141 136 363 85 31 195 74 2017 2018 2019 2020 2021 2022F 1Q2021 1Q2022 2017 2018 2019 2020 2021 1Q2021 1Q2022 NPAT (USD m); CAGR 201
Slide 35: Balance Sheet Snapshot
BALANCE SHEET SNAPSHOT Total Assets (USD m); CAGR 2017 – 2021: 43% Inventories (USD m); CAGR 2017 – 2021: 44% 5,215 9,703 4,769 8,737 307 3,760 368 2,031 6,257 1,982 246 2,476 3,895 1,313 259 4,908 2,992 1,347 4,401 2,105 813 6,755 7,672 1,103 3,515 824 4,944 44 521 2,218 358 3,082 1,747 2,168 1,058
Slide 36: Key Credit Metrics
KEY CREDIT METRICS Profitability Ratio Remains High (%) Liquidity Remains Healthy (times) 62 3.79 3.63 53 3.17 3.15 45 34 28 29 47 1.79 1.79 37 31 21 22 14 2017 2018 2019 2020 2021 1Q2022 2017 2018 2019 2020 2021 1Q2022 Net profit margin Gross profit margin Current ratio Stable Leverage Ratios (time
Slide 37: Debt Profile
DEBT PROFILE Debt Maturity Schedule (USD m) Debt By Currency Mix (%) USD 1 year 2 years 3 years > 3 years 22% 10,000 1,200 9,000 1,102 1,000 8,000 993 7,000 800 6,000 VND 78% 5,000 600 4,000 545 400 Debt Structure (%) 3,000 406 2,000 Convertible bonds 200 10% 1,000 Loans 36% 0 - 1 year 2 years 3 yea
Slide 38: Strong Presales in Early 2022
STRONG PRESALES IN EARLY 2022 Presales (Units) Presales Performance (Units) 784 774 6,613 6,367 1,592 633 45% 5,084 5,021 55% 4,388 2,569 193 1,819 1,819 1,732 Hospitality RE Residential RE NovaWorld NovaWorld 2019 2020 2021 1Q2021 2Q2021 3Q2021 4Q2021 1Q2022 Residential RE Phan Thiet Ho Tram Presal
Slide 39: Unbilled Revenue Reached USD 8.8 Billion
UNBILLED REVENUE REACHED USD 8.8 BILLION Unbilled (USD m) Unbilled Revenue (USD b) 4,502 1.1 32% 1.1 8.8 0.3 1.1 7.7 0.6 6.6 1,838 6.3 68% 5.2 4.6 4.6 864 2.9 1.7 1.6 Residential RE Aqua City NovaWorld NovaWorld Ho 2017 2018 2019 2020 1Q2021 2Q2021 3Q2021 4Q2021 1Q2022 Up to now Hospitality RE Phan
Slide 40: Handed-over Projects in 1Q2022
HANDED-OVER PROJECTS IN 1Q2022 NOVAWORLD PHAN THIET NOVAHILLS MUI NE NOVAWORLD HO TRAM SOHO RESIDENCE VICTORIA VILLAGE SAIGON ROYAL 40
Slide 41: Thank You
N@VA CHO CUGC SONG BUNG SANG CAM ON
No Va Land Investment Group — Q1 2022 Earnings Presentation on 6ix