No Va Land Investment Group Corp. · HOSE:NVL
No Va Land Investment — Q2 2020 Earnings Presentation
31 slides from No Va Land Investment's earnings presentation, Aug 4, 2020
Slide 1: Earnings Presentation 2Q2020
EARNINGS PRESENTATION 2Q2020
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. COVID-19 UPDATES & VIETNAM ECONOMIC OUTLOOK II. MARKET UPDATE III. BUSINESS PERFORMANCE IV. PROJECT UPDATE Aqua City Project (Dong Nai) 33
Slide 4: I. Covid-19 Updates & Vietnam Economic Outlook
I. COVID-19 UPDATES & VIETNAM ECONOMIC OUTLOOK 44
Slide 5: Vietnam After Half a Year Into the Covid-19 Pandemic
VIETNAM AFTER HALF A YEAR INTO THE COVID-19 PANDEMIC Vietnam recorded 642 confirmed cases in a population of almost 100 million people New development of vaccine for Covid-19 PRE-CLINICAL PHASE I TRIAL PHASE II TRIAL PHASE III TRIAL Submission of safe and Recorded the first Covid-19 case of communit
Slide 6: Vietnam's Economy Bright Prospect Amid Covid-19
VIETNAM’S ECONOMY BRIGHT PROSPECT AMID COVID-19 Vietnam is among countries that achieved positive GDP growth rate in 1H2020 Vietnam’s PMI index recovered its pre-Covid-19 level 52.3 52.1 Indonesia Malaysia Philippines Singapore Thailand Vietnam 51.9 51.8 51.1 51.0 50.3 49.9 49.9 49.7 49.5 49.3 48.8
Slide 7: Novaland Directly Benefits From Public Infrastructure Development
NOVALAND DIRECTLY BENEFITS FROM PUBLIC INFRASTRUCTURE DEVELOPMENT WITH PROJECTS DISTRIBUTED AT STRATEGIC LOCATIONS Phan Thiet A Inter-regional 4 Road B Dong Nai: Country lane 2 C International Airport Connecting Dong Nai to HCMC Construction commencement: 3Q2020 Construction NVL’s benefited
Slide 8: II. Market Updates
II. MARKET UPDATES 88
Slide 9: Residential Market in HCMC – Low Volume While Demand Remained Positive
RESIDENTIAL MARKET IN HCMC – LOW VOLUME WHILE DEMAND REMAINED POSITIVE Strong demand amid high selling price as the result of shortage of new supply with mid-end segment dominated the market. The South and The East led the new supply. HCMC APARTMENT MARKET IN 1H2020, Units 60% y-o-y 66% y-o-y 10% y-
Slide 10: Hospitality Real Estate Market Witnessed a Shortage of Supply
HOSPITALITY REAL ESTATE MARKET WITNESSED A SHORTAGE OF SUPPLY Hospitality real estate supply in 1H2020 by units Driving-distance staycations will benefit from new holiday trends amid Covid-19 Developers were conservative of Covid-19 causing a reduction in supply and sales events... AMID COVID-19 Con
Slide 11: III. Business Performance
III. BUSINESS PERFORMANCE 11
Slide 12: 1H2020 Business Highlights
1H2020 BUSINESS HIGHLIGHTS FINANCE Net revenue: VND 4,165 billion, including revenue from sales of products, rendering of services and project transfer; Profit after tax: VND 1,177 billion, up by 48% y-o-y; Total Assets: VND 98,780 billion ~ 10% increase y-t-d; Inventories: VND 59,188 billio
Slide 13: Financial Highlights
FINANCIAL HIGHLIGHTS NET REVENUE, VND billion GROSS PROFIT, VND billion CAGR 2016 – 2019: 14% CAGR 2016 – 2019: 26% 22% 28% 34% 29% 33% 27% 35% 15,290 14,877 5,158 11,632 4,857 10,931 8,044 3,257 3,153 7,359 4,165(*) 2,163 1,583 583 1,664 2016 2017 2018 2019 2020F 1H2019 1H2020 2016 2017 2018 2019 2
Slide 14: Balance Sheet Snapshot
BALANCE SHEET SNAPSHOT TOTAL ASSETS, VND billion INVENTORIES, VND billion CAGR 2016 – 2019: 35% CAGR 2016 – 2019: 54% 98,780 59,188 Long-term Asset 57,206 89,979 Others 5,807 5,972 Short-term Asset 22,109 Landbank 69,122 18,784 19,041 31,123 48,619 8,274 25,471 53,381 36,527 12,026 51,234 71,195 76,
Slide 15: Key Credit Metrics
KEY CREDIT METRICS PROFITABILITY RATIO REMAINED HIGH, % FINANCIAL LEVERAGE RATIOS COMPLY WITH INTERNATIONAL PRACTICE, times Net profit margin Gross profit margin Total debt/Total assets Total debt/Equity Net debt/Equity 1.55 1.41 1.40 1.41 1.34 71 36 1.31 34 28 29 1.15 22 1.01 0.85 0.89 31 23 21 14
Slide 16: Debt Profile
DEBT PROFILE DEBT MATURITY SCHEDULE, VND billion DEBT BY CURRENCY MIX, % TOTAL DEBT: 35,724 2020 2021 2022 2023 After 2023 VND 45% USD 55% 11,155 9,416 8,315 DEBT STRUCTURE, % 4,074 2,763 Bonds , 30% Loans , 55% Convertible 2020 2021 2022 2023 After 2023 bonds , 15% Allocation 11.4% 26.4% 23.3% 31.2
Slide 17: Presales Performance in 1H2020
PRESALES PERFORMANCE IN 1H2020 Unbilled contractual value recorded a 14% Q-o-Q increase during the period from March 2020 to June 2020, with strong presales from Aqua City and other residential projects. SOLID PRESALES IN 1H2020 MOSTLY FROM AQUA CITY WITH AVERAGE TAKE-UP RATE ~ 95% STRONG UNBILLED B
Slide 18: Capital Management Activities
CAPITAL MANAGEMENT ACTIVITIES APART FROM PROJECT DEVELOPMENT, NOVALAND IS ALSO TYPICAL TRANSACTION VERY ACTIVE IN INVESTMENT AND DIVESTMENT Novaland has finalized the project transfer agreement of 40 million ordinary Project name: Harbor City that Novaland owned in a residential project in HCMC.
Slide 19: Launch and Marketing Events
LAUNCH AND MARKETING EVENTS LAUNCH EVENTS FOR MARKETING EVENT - LAUNCH EVENTS IN AQUA CITY HOSPITALITY PROJECTS RESUMED BRIGHTENING LIVES TV SHOW Nearly 40 sales events for Aqua City project, attracted Resumed multiple sales events for second-home The first TV show on Living & Lifestyle broadc
Slide 20: Partnership With Leading Sales Agents to Distribute Products Nationwide
PARTNERSHIP WITH LEADING SALES AGENTS TO DISTRIBUTE HIGH QUALITY PRODUCTS NATIONWIDE STRATEGIC PARTNERSHIP WITH SALES AGENCIES TO SPEED UP PRE-SALES TARGET AND MEET THE INCREASING DEMAND PARTNERED WITH 29 LEADING SALES AGENTS IN THE MARKET FROM INVESTORS AND BUYERS TO DELIVER PRODUCTS NATIONWIDE E
Slide 21: Cooperation With Strategic Partners to Develop Ecosystem
COOPERATION WITH STRATEGIC PARTNERS TO DEVELOP ECOSYSTEM IN NOVALAND’S PROJECTS Novaland’s focused strategy to develop a well-rounded facilities for the residents staying at Novaland’s projects and surroundings: signing partnership agreements with leading national and international partners on educa
Slide 22: Proactive IR Activities
PROACTIVE IR ACTIVITIES NOVALAND’S ANNUAL GENERAL ANALYST AND INVESTORS TOUR UPCOMING INVESTOR MEETING 2020 2020 CONFERENCE CALLS Maybank Kim Eng Investor 30 July 2020 Conference 04 – 05 August Analyst Call – Earnings Call 2020 Ho Chi Minh City Securities 06 August 2020 Corporation Conference Call S
Slide 23: IV. Project Update
IV. PROJECT UPDATE The Grand Manhattan(D.1, HCMC) 2323
Slide 24: Victoria Village
VICTORIA VILLAGE Launch: 1Q2018 Total units: 1,208 Handover: low-rise 3Q2019; high-rise 4Q2021 High-rise construction: started on 11 July 2020 (under the management of Ricons contractor and representative of Novaland Group). Construction license of high-rise apartment will be soon issued Sou
Slide 25: Aqua City
AQUA CITY TAKE UP RATE: ~95% AQUA CITY RIVER PARK AQUA CITY AQUA CITY PHOENIX AQUA MARINA Launch: 2Q2020 Launch: 2Q2019 Launch: upcoming Launch: upcoming Size: 91.6 ha Size: 193 ha (TBU) (TBU) Total units: 2,056 Total units: 3,390 Size: 286 ha Size: 44 ha Introduced phases: I
Slide 26: Aqua City (Cont'd)
AQUA CITY (CONT’D) REAL ESTATE CENTER TENNIS & FOOTBALL COURTS MOCK HOUSES – LAUNCHING IN SEPTEMBER 2020 AQUA MARINA Source: Company information, as at 31 July 2020 2626
Slide 27: NovaWorld Phan Thiet
NOVAWORLD PHAN THIET PROJECT OVERVIEW – EXPECTING TO WELCOME VISITORS IN SEPTEMBER 2020 18-HOLE GOLF COURSE EXPECTING TO INTRODUCE IN 4Q2020 NURSERY GARDEN MOCK HOUSES Source: Company information, as at 31 July 2020 2727
Slide 28: NovaHills Mui Ne
NOVAHILLS MUI NE PROJECT OVERVIEW VILLAS ARE UNDER CONSTRUCTION Source: Company information, as at 31 July 2020 2828
Slide 29: NovaWorld Ho Tram
NOVAWORLD HO TRAM CONSTRUCTING THE SCENIC LAKE CONSTRUCTING VILLAS CONSTRUCTING OCEAN LAGOON CONSTRUCTING AMERICAN STYLE SHOPHOUSE Source: Company information, as at 31 July 2020 2929
Slide 30: 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 3030
Slide 31: Q&A
INL RYAN LAND CHO GUOC SONG BUNG SANG Q&A
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