No Va Land Investment Group Corp. · HOSE:NVL
No Va Land Investment — FY2020 Earnings Presentation
32 slides from No Va Land Investment's earnings presentation, Feb 2, 2021
Slide 1: Earnings Presentation FY 2020
EARNINGS PRESENTATION FY 2020
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 th
Slide 3: Contents
CONTENTS 1 – MARKET HIGHLIGHTS 2 – PROJECT UPDATES 3 – FINANCIAL HIGHLIGHTS 4 – OPERATIONS 3
Slide 4: Market Highlights
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Slide 5: Vietnam: Case Study of Resilience Amidst the Pandemic
VIETNAM: CASE STUDY OF RESILIENCE AMIDST THE PANDEMIC GDP growth (%) among world’s highest thanks to successful Covid-19 containment and EVFTA (+2.91% yoy) World Advanced Economies Asia Pacific Vietnam • Vietnam’s 2020 GDP growth reached 2.91% y-o-y (1Q: 3.68%, 2Q: 0.39%, 3Q: 2.69%; 7.1 7.0 4Q: 4.48
Slide 6: HCMC: Rebound in the Residential Market
HCMC: REBOUND IN THE RESIDENTIAL MARKET 2020: Pandemic presents challenges and opportunities 2021: The resumption of residential market CHALLENGES vs. RECOVERY • • Shortage of supply and limited sales volume affected by the pandemic Future supply is expected to lift up at the end 2021 thanks to lega
Slide 7: HCMC: Legal Review Development in 2020
HCMC: LEGAL REVIEW DEVELOPMENT IN 2020 • HCMC People’s • The Ministry of Natural Resources and • The HCMC DONRE has • Provided LURC to • Decree No. 148/2020/ND-CP Committee announced Environment has submitted to the sufficiently provided 1,000 several projects in allows the allocation and that it wi
Slide 8: Satellite Cities as Centers of Increasing Demand
SATELLITE CITIES AS CENTERS OF INCREASING DEMAND Vibrant townhouse/villa market in satellite cities in 2020 Binh Duong 2,749 2,504 613 units 8% Dong Nai 2,749 units 1,891 1,808 38% HCMC Long An 2,504 units 45 projects 791 613 682 791 units 682 11% 34% BR-VT 682 units 72% Take-up rate 494 384 9% HCMC
Slide 9: Hospitality Segment: Expectations from Infrastructure Improvements
HOSPITALITY SEGMENT: EXPECTATIONS FROM INFRASTRUCTURE IMPROVEMENTS Sa Pa airport New supply in 2020 (South of Vietnam) Mai Son – National Highway 45 Cao Bo – Mai Son 439 (63km) (15km) 10 projects 318 541 villas (21% yoy) 227 Quang Tri airport 170 187 1,098 townhouse & shop houses 88 95 66 (25% yoy)
Slide 10: Project Updates
PROJECT UPDATES Latest updates of Novaland’s projects
Slide 11: Public Infrastructure to Benefit Novaland's Projects
PUBLIC INFRASTRUCTURE TO BENEFIT NOVALAND’S PROJECTS HO CHI MINH CITY DONG NAI BA RIA VUNG TAU BINH THUAN Establishment of Thu Duc City Long Thanh Int'l Airport Bien Hoa – Vung Tau Highway Dau Giay – Phan Thiet Express Way • Thu Duc City to become a creative • Jan, ‘21: Construction Expansion • Sep
Slide 12: Novaland's Projects in Connection with New Public Infrastructure
NOVALAND’S PROJECTS IN CONNECTION WITH NEW PUBLIC INFRASTRUCTURE The new city of Thu Duc 12
Slide 13: Grand Manhattan and Soho Residence
GRAND MANHATTAN AND SOHO RESIDENCE Grand Manhattan Soho Residence 4th basement on progress. Building under construction. Construction Permits: Structural Construction exp. in 1Q21 Inspection of MoC in Nov, 2020 (P1) Completion: Ground Floor, B1, B2, B3 Bricklaying Under construction: B4 Exterior pai
Slide 14: Aqua City
AQUA CITY Construction Permits: Done Done Infrastructure: 75% Club House, Sport Outdoor, Hardscape Under Construction: MEP completion: 65%, Sample Model houses Sport Complex Center Expected handover: 2022 - 2024 2022 - 2024 Click to view property video – Aqua City 14
Slide 15: NovaWorld Ho Tram
NOVAWORLD HO TRAM The Tropicana Habana Island Wonderland Completion: Sales Gallery, Model Complex, Gate, Groundbreaking Ceremony in December 28, 2020. Traffic and Surrounding Landscape. Construction Done Done Early 2021 Permits: Ocean Pool, Tropicana Park (1st Completion: phase), Villas Infrastructu
Slide 16: NovaWorld Phan Thiet
NOVAWORLD PHAN THIET Villas & Clubhouse Shophouse & Golf Ocean Sport Complex Villas under construction Construction Done Done 1Q2021 Permits: Structural: 71% 54% Planning Football Pitch (Completed the pitch, Construction 81% 99% (Phase 1) finishing pitch fence) progress: Tennis Court Expected 2Q2021
Slide 17: NovaHills Mui Ne
NOVAHILLS MUI NE Villas Shophouse Amenities Villas under construction Construction Done Done Done Permits: Structural: 100% 90% 60-95% Construction Civil work Civil work 40% progress: Expected From 1Q/2021 handover: 17
Slide 18: Financial Highlights
FINANCIAL HIGHLIGHTS
Slide 19: 2020 Financial Highlights
2020 FINANCIAL HIGHLIGHTS Exceeded 2020 NPAT plan by 7% Strong presales amid Covid-19 Updates on legal approvals Series of Launch Events Presales: 5,084 units – corrected 18% • Aqua City – Phoenix Y-o-Y • Provided LURC to Tropic Garden and (USDm) 2020 2019 Change y-o-y Lexington • NovaWorld Ho Tram:
Slide 20: Financial Highlights – NPAT Exceeded 7% of 2020 Target
FINANCIAL HIGHLIGHTS – NPAT EXCEEDED 7% OF 2020 TARGET Net Revenue (USD m); CAGR 2016 – 2020: 3% Gross Profit (USD m); CAGR 2016 – 2020: 35% 22% 28% 34% 29% 62% 659 362 222 223 501 471 from project 317 transfer 145 140 136 217 68 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 EBITDA (USD m); CAGR
Slide 21: Balance Sheet Snapshot
BALANCE SHEET SNAPSHOT Total Assets (USD m); CAGR 2016 – 2020: 41% Inventories (USD m); CAGR 2016 – 2020: 53% 3,741 244 6,225 2,464 3,876 1,301 1,341 257 2,977 1,097 3,496 1,573 2,094 809 680 820 4,924 44 518 2,207 356 3,067 29 1,305 269 1,738 2,157 652 1,053 823 2016 2017 2018 2019 2020 2016 2017 2
Slide 22: Key Credit Metrics
KEY CREDIT METRICS Profitability Ratio Remained High (%) Liquidity Remained Healthy (times) 3.79 3.64 62 34 2.02 28 29 46 1.79 1.79 22 31 23 21 14 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 Net profit margin Gross profit margin Current ratio Stable Leverage Ratios (times) Interest Coverage Ra
Slide 23: Debt Profile
DEBT PROFILE Debt Maturity Schedule (USD million) Debt By Currency Mix (%) 2021 2022 2023 After 2023 10,000 900 USD 9,000 800 40% 8,000 796 700 VND 7,000 600 60% 6,000 500 5,000 518 465 400 4,000 300 Debt Structure (%) 3,000 2,000 234 200 Loans 1,000 100 45% 0 0 Convertible Bonds After bonds 44% 202
Slide 24: Presales Increased 39% Q-o-Q with Strong Unbilled Booking
PRESALES INCREASED 39% Q-O-Q WITH STRONG UNBILLED BOOKING Presales Performance (Units) Unbilled Revenue (USD billion) 6,367 4.7 4.7 5,084 3.9 3.4 2.9 3.0 1,900 1,364 722 1,098 2019 2020 1Q2020 2Q2020 3Q2020 4Q2020 2019 2020 1Q2020 2Q2020 3Q2020 4Q2020 Units Handed Over mainly in residential projects
Slide 25: Operations
OPERATIONS
Slide 26: Comprehensive Ecosystem of Nova Group
COMPREHENSIVE ECOSYSTEM OF NOVA GROUP 1 7 2 HEALTHCARE 6 3 5 4 COLLEGE 26
Slide 27: Perfecting Ecosystem to Support Novaland's Projects
PERFECTING ECOSYSTEM TO SUPPORT NOVALAND’S PROJECTS Strengthening Novaland to establish AI Institute of Michael Ecosystem Dukakis (Vietnam) Novaland & Hospital of Hanoi Medical Uni to develop healthcare Mövenpick & Novotel will services at NovaWorld be available at NovaWorld Phan Thiet Phan Thiet &
Slide 28: Launch Events in 4Q2020
LAUNCH EVENTS IN 4Q2020 Aqua City – The Phoenix SPA Signing Ceremony for Aqua City Habana Island, Ho Tram Opening Novaland Gallery Ground Breaking Ceremony in Dec, 2020 Launch event attracted hundreds of buyers and The first buyers of Aqua City have signed their SPAs Ground Breaking Ceremony in Dec,
Slide 29: Marketing Events
MARKETING EVENTS During the last days of 2020 and early of 2021, Nova E&M consecutively organized a series of events to publicly enhance the brand of Novaland – NovaWorld and honor the loyal customers of the Company. The events had attracted hundreds to thousands of audiences per night with high app
Slide 30: Awards in 2020
AWARDS IN 2020 TOP 10 PROPERTY DEVELOPERS REPUTATION AWARD 2020 VIETNAM DEVELOPER TOP 5 OF THE YEAR 2020 BY SUSTAINABILITY DOT PROPERTY REPORT 2020 CORPORATE TOP 3 LISTED COMPANIES BEST IR EXCELLENCE – PRACTICES – LARGE CAP PROPERTY DEVELOPMENT TOP 10 ANNUAL INDUSTRY 30 REPORTS 2020
Slide 31: Proactive IR Activities
PROACTIVE IR ACTIVITIES Actively update latest business operations to investors, shareholders through a series of online seminars and conference Upcoming IR Activities Time Organizer Events/Activities VCSC Vietnam Access Day 2021 JP Morgan Vietnam Telepresence Forum March Citi Vietnam C-Suite Corpor
Slide 32: 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: novaland.com.vn 32
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