Nam Long Investment Corp. · HOSE:NLG
Nam Long Investment — Shareholder Meeting (April 2023)
22 slides from Nam Long Investment's shareholder meeting presentation, Apr 22, 2023
Slide 1: Annual Shareholders Meeting 2023
ANNUAL SHAREHOLDERS MEETING 2023 April 22nd, 2023
Slide 2: Session 2 Reports
SESSION 2 REPORTS 2
Slide 3: Report of Board of Directors in 2022 and Direction for 2023
ITEM 2.4 REPORT OF BOARD OF DIRECTORS IN 2022 AND DIRECTION FOR 2023 Presented by: Mr. Nguyen Xuan Quang – Chairman 3
Slide 4: Content
CONTENT A PART 2022 REPORT B PART 2023 STRATEGIC DIRECTIONS NLG 4
Slide 5: Part A: 2022 Report
PART A 2022 REPORT I. OVERVIEW II. BUSINESS PERFORMANCE III. OPERATIONS OF THE BOARD OF DIRECTORS (“BODs”) NLG 5
Slide 6: 2022 Overview
I. 2022 OVERVIEW THE WORLD FED interest rate history Political conflict Global supply Russia & Ukraine chain is broken Global Economic Inflation interest rate recession increase risk Source: US Federal Reserve System (FED) VIET NAM 6 month term interest rate • SBV is forced to increase the interest
Slide 7: 2022 Overview: Vietnam Real Estate Market
I. 2022 OVERVIEW VIETNAM REAL ESTATE MARKET Hanoi condominium new launch Units 40,000 Factors affect demand 35,000 • Mortgage lending rate: 10.7% – 30,000 25,000 15.0%/ year 20,000 • The stock market plummeted; low 15,000 market liquidity. 10,000 • Unemployment rate soared, 5,000 0 earnings affected
Slide 8: 2022 Business Performance: Business Results
II. 2022 BUSINESS PERFORMANCE 2022 BUSINESS RESULTS 2022 SALESSALE REVENUE 2022 REVENUE NET PROFIT 2022 NET PROFIT 39% 57% 17% 54% 48% 23,375 7,151 1,206 5,206 1,071 41% 4,339 10,023 556 5,927 2021 Actual Plan 2021 Actual Plan 2021 Actual Plan 2022 2022 2022 2022 2022 2022 Units: Billion dong NLG 8
Slide 9: 2022 Business Performance: Group Level Digital Transformation
II. 2022 BUSINESS PERFORMANCE GROUP LEVEL Implement digital transformation strategy • Complete vision and strategy with McKinsey’s consultant • Go-live enterprise management system ERP with Deloitte’s consultant • Go-live HR management system NLID phase 1 NLG 9
Slide 10: 2022 Business Performance: Ensure the Health of the Company
II. 2022 BUSINESS PERFORMANCE GROUP LEVEL Ensure the health of the Company • Maintain a healthy financial structure Debt to equity ratio Net debt to equity ratio 0.4x 0.4x 0.4x 0.25x 0.3x 0.21x 0.3x 0.20x 0.15x 0.2x 0.11x 0.10x 0.1x 0.04x 0.05x 0.0x 0.00x 2020 2021 2022 2020 2021 2022 Current ratio
Slide 11: 2022 Business Performance: Develop Modern Townships
II. 2022 BUSINESS PERFORMANCE PROJECT LEVEL Develop Modern Townships School and shop houses at Mizuki Park Township Facilities at Mizuki Park Township Clubhouse at Izumi City Township Facilities at Waterpoint Township NLG 11
Slide 12: 2022 Board of Directors' Operations
III. 2022 BOARD OF DIRECTORS’ OPERATIONS OPERATING STRUCTURE AND MODEL OF THE BODs Maintain professional structure and corporate governance in accordance with local regulations and international standards Separate between Governance and Operations : • Properly perform the main functions of BODs: man
Slide 13: Specialized Operations of Executive Directors & Committees
III. 2022 BOARD OF DIRECTORS’ OPERATIONS SPECIALIZED OPERATIONS OF EXECUTIVE DIRECTORS & THE BOARDS’ COMMITTEES - Held 4 BODs meetings, 19 commitees meetings and issued 49 Resolutions; - Maintain effective operations of Executive Directors, the Committees and independent BODs Members MEETINGS HIGHLI
Slide 14: Part B: 2023 Strategic Directions
PART B 2023 STRATEGIC DIRECTIONS I. MARKET OVERVIEW II. DIRECTIONS III. TARGETS NLG 14
Slide 15: Market Overview: Risks
I. MARKET OVERVIEW RISKS Market and Products • Economic difficulties (low GDP, export decrease, production decrease) • Supply and demand mismatch in different real estate segments • Loss of customers’ trust Finance • Enterprises: illiquid, difficult to raise fund • Home buyers: high interest rate Pr
Slide 16: Market Overview: Prospects
I. MARKET OVERVIEW PROSPECTS Market and Products • High demand in real housing (affordable and social housing) • Project “Investing in at least 1 million social housing in the 2021-2030” approved by the Prime Minister in 3rd April 2023 EHome Southgate – Ben Luc, Long An Finance • Decree 65/2022/ND-C
Slide 17: Direction: Strategies
II. DIRECTION 1. STRATEGIES Market and Products Break through the market with affordable real estate products • Prioritize to develop projects that have ready-products for market • Develop policies for home buyers • Prioritize to increase the land bank for affordable products Finance Develop a maste
Slide 18: Direction: Develop Modern Township & City Facilities
II. DIRECTION 2. DEVELOP MODERN TOWNSHIP & CITY FACILITIES NAM LONG MODERN TOWNSHIP Set up City facilities 1 2 3 4 5 standard, increase convenience for residents LIVE PLAY WORK LEARN SHOP Invest in Nam Long’s Placemake and programming: Master-planning self sufficient mixed resi-commercial clusters w
Slide 19: Direction: Implement Digitalization Road Map
II. DIRECTION 3. IMPLEMENT DIGITAILIZATION ROAD MAP OF NAM LONG Complete digital Establish Standardize ERP transformation qualified operation over structure and organization the Group roadmap and personnel and extend to member companies Build CRM system to add Apply BPM value to platform to customer
Slide 20: Direction: Consistently Accompany with Partners
II. DIRECTION 4. CONSISTENTLY ACCOMPANY WITH PARTNERS Strategic partners Project development Consultants & Partners NLG 20
Slide 21: Targets: 2023 Consolidated Revenue and Profit
III. TARGETS 2023 CONSOLIDATED REVENUE 2023 CONSOLIDATED PROFIT Đơn vị: Tỷ đồng 11% 4,836 5% 586 4,339 556 2022 Actual 2023 Plan 2022 Actual 2023 Plan Unit: Billion dong NLG 21
Slide 22: Thank you
Thank you 22
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