No Va Land Investment Group Corp. · HOSE:NVL
No Va Land Investment — Q3 2019 Earnings Presentation
26 slides from No Va Land Investment's earnings presentation, Nov 4, 2019
Slide 1: Analyst Meeting 3Q2019 Results Presentation
ANALYST MEETING 3Q2019 RESULTS PRESENTATION November 04th 2019
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: Outline
OUTLINE 01. KEY HIGHLIGHTS 02. FINANCIAL & SALES PERFORMANCE 03. BUSINESS UPDATES 04. RECENT MARKET UPDATES 05. Q&A SESSION www.novaland.com.vn 2
Slide 4: Key Highlights
1. KEY HIGHLIGHTS Growth in consolidated net revenue of 42% to VND 9,551 billion in 9M2019 (yoy). Substantial increase in handed-over volume by 70% to 3,269 units (yoy). Accordingly, more projects were being delivered including The Sun Avenue, Sunrise Riverside, Richstar, Saigon Royal, Orchard P
Slide 5: Financial & Sales Performance
2. FINANCIAL & SALES PERFORMANCE
Slide 6: Financial Performance for 9M2019
FINANCIAL PERFORMANCE FOR 9M2019 NET REVENUE GROSS PROFIT GROSS PROFIT MARGIN PROFIT BEFORE TAX VND Billion VND Billion VND Billion 3Q2019 9M2019 3Q2019 9M2019 3Q2019 9M2019 3Q2019 9M2019 1,506 9,551 522 2,685 35% 28% 557 1,881 38% 42% 21% 30% 8pp 3pp 30% 5% 3Q2018 9M2018 3Q2018 9M2018 3Q2018 9M2018
Slide 7: Revenue and Profit Overview
REVENUE AND PROFIT OVERVIEW Net Revenue Gross Profit (VND bn) (VND bn) 34% 26% 31% 28% 18,000 5,156 15,290 4,750 +42% +30% 9,551 2,685 6,733 2,071 2018A 2019P 9M2018 9M2019 2018A 2019P 9M2018 9M2019 EBITDA NPAT (VND bn) (VND bn) 21% 18% 21% 11% 29% 23% 25% 24% 4,507 4,132 3,267 3,300 +38% 2,311 1,68
Slide 8: Handover Unit
HANDOVER UNIT Number of Handover Units Handover Projects (Units) Others Newton 4,589 Saigon Royal The Sun 3,596 Richstar Avenue Total handed over units 1,903 2,020 +70% 3,269 3,269 1,923 Sunrise Riverside 2015 2016 2017 2018 9M2018 9M2019 3,269 Handover Units In 9M2019 Corresponding To 55% Of 2019 B
Slide 9: Financial Highlights
FINANCIAL HIGHLIGHTS EBITDA/ Interest expenses Net debt/ Equity (VND bn) (VND bn) 1.01 0.85 0.98 0.76 001 3.26 004 22,088 22,490 25,1 00 003 3.06 003 003 001 20,460 6,10 0 003 003 003 2.33 003 003 20,1 00 5,10 0 4,507 003 003 - 15,581 002 002 002 13,256 4,10 0 002 15,1 00 002 002 (0 01) 2,807 002 00
Slide 10: Debt Profile
DEBT PROFILE Debt Maturity Schedule(*) as at September 30th 2019 Debt Breakdown By Currency (VND bn) -87% 9% 79% 179% 37% VND, 44% 7,683 USD, 56% 6,469 6,393 4,059 Type of Debt Bonds, 18% 1,331 Convertible 2019E 2020E 2021E 2022E After 2023E bonds, 21% Loans, 60% Cash and Cash Equivalents are VND 4,
Slide 11: Sales Performance
SALES PERFORMANCE Satellite Urban Areas 11% Central Real Estate 31% Presales Performance Cumulative presales (Units) Total presales(1) 26,144 4,676 units 24,791 Residence Project and 19,302 Intergrated Resort 58% 12,034 4,676 (1) Satellite Urban 872% Areas 13% Central Real Estate 38% 481 Total presa
Slide 12: Sales Performance (Cont')
SALES PERFORMANCE (CONT’) PRESALES VALUE(1) (9M2019) TOTAL UNBILLED CONTRACTUAL VALUE AS AT 9M2019 (VND bn) (VND bn) 57,014 +53% 28,942 37,217 15,129 8,470 5,343 1Q2019 2Q2019 3Q2019 9M2019 31/12/2018 9M2019 Unbilled sales underpins high revenue visibility in 2020-2021 Source: Company information as
Slide 13: 3. Business Updates
ae OS al PIC AN APA Se aN
Slide 14: Handed Over Projects in 9M2019
HANDED OVER PROJECTS IN 9M2019(*) Sun Avenue Saigon Royal 1,400 165 Location Dist.4 Location Dist.2 Land area (sqm) 6,669 Land area (sqm) 38,073 Launch date 2Q16 Launch date 1Q15 Handover date 4Q18 Handover date 3Q18 Takeup rate 98.7% Takeup rate 99.5% ASP (USD) 3,518 ASP (US
Slide 15: Updating on Recent Projects
UPDATING ON RECENT PROJECTS CONTINUE TO INTRODUCE COMING INTRODUCTION THE GRAND PALACE RESIDENCE NOVABEACH SAIGON BROADWAY & VICTORIA PARK MANHATTAN CAM RANH WATERBAY NGAN HIEP 1 & 2 AQUA CITY NOVAWORLD HO TRAM NOVAWORLD GOLF VIEW PHAN THIET www.novaland.com.vn 14
Slide 16: Total Landbank
TOTAL LANDBANK LANDBANK & UNDER RESEARCH 4,894 HECTARES 14% 15% 71% HCM RESIDENTIAL SATELLITE URBAN AREAS RESIDENCE PROJECTS & INTERGRATED RESORT COMPARED TO 4Q2018, TOTAL LANDBANK HAS INCREASED FROM 2,650HA TO 4,894HA, MAJORITY BY ADDITIONAL CONTRIBUTION OF LANDBANK NEARBY HCMC FOR SATELLITE URBAN
Slide 17: Landbank Updates
LANDBANK UPDATES 14% 71% RESIDENCE PROJECTS & INTEGRATED RESORT CENTRAL REAL ESTATE Projects Location Area (ha) Project C 136.0 Total area (ha) 3,500.4 Project I 80.1 Est. GDV (USD billion) 8.2 Project F Dist. 2 5.0 Project H Project P 9.6 30.2 15% SATELLITE URBAN AREA Project X Dist. 3 0.5 Project
Slide 18: Updates on Under Development Projects – Satellite Urban Areas
UPDATES ON UNDER DEVELOPMENT PROJECTS – SATTELITE URBAN AREAS New real estate center introduced. New phrases are launching, attracting huge attention from investors. Model units are expected to be opened for visitors by 12/2019. Infrastructures and green parks are under construction. 523 uni
Slide 19: Updates on Under Development Projects – Residence Projects & Integrated Resort
UPDATES ON UNDER DEVELOPMENT PROJECTS – RESIDENCE PROJECTS & INTERGRATED RESORT NovaBeach Cam Ranh Resort & Villas NovaWorld Phan Thiet NovaWorld Ho Tram Khanh Hoa Province Binh Thuan Province Ba Ria – Vung Tau Province Model House completed. open for Model House is under construction. Model House i
Slide 20: Recent Operational Activities
RECENT OPERATIONAL ACTIVITIES NEW REAL ESTATE CENTERS LAUNCHES – LOCATED BINH THUAN 2019 INVESTMENT PROMOTION FROM NORTH TO SOUTH CONFERENCE – STRATEGIC PARTNERSHIPS A variety of Novaland Real Estate Centers have been officially Novaland has formed new partnerships with: launched in Ha Noi, Khanh Ho
Slide 21: Strategic Partners of Novaland
5 20,000+ DAYS PARTICIPANTS 10+ KEYNOTES AND PANEL INDUSTRIES SESSIONS (PRODUCTS, SERVICES) 200 STRATEGIC COOPORATION MASS MEDIA UNITS STRATEGIC PARTNERS OF NOVALAND
Slide 22: 4. Recent Market Updates
4. 4.RECENT RECENTMARKET MARKET UPDATES UPDATES
Slide 23: Vietnam Economy at a Glance 9M2019
VIETNAM ECONOMY AT A GLANCE 9M2019 Source: Savills – Market Brief Vietnam 9M2019 www.novaland.com.vn 22
Slide 24: The HCMC Residential Market
THE HCMC RESIDENTIAL MARKET LIMITED SUPPLY – STRONG ABSORPTION OUTLOOK – STRONG MARKET RATE SENTIMENT • Apart from the official launch of Vinhomes’ project. which • In apartment market. because of the government’s tight control in has been put on the market under soft launch 2 years ago. granting la
Slide 25: 5. Q&A Session
5. Q&A SESSION
Slide 26: Thank You
THANK YOU Contact information Investor Relations Phone: +84 906 35 38 38 Ext. 3126 Email: ir@novaland.com.vn www.novaland.com.vn 25
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