Phat Dat Real Estate Development Corp. · HOSE:PDR
Phat Dat Real Estate Development — Investor Presentation (November 2021)
41 slides from Phat Dat Real Estate Development's investor presentation, November 2021
Slide 1: Investor Presentation November 2021
INVESTOR PRESENTATION NOVEMBER 2021 www.phatdat.com.vn Stock code: PDR
Slide 2: Disclaimer
DISCLAIMER This document and any related presentations have been prepared by Phat Dat Real Estate Development Corporation (HoSE: PDR) 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 presentation
Slide 3: Content
CONTENT 1 CORPORATE OVERVIEW 2 INVESTMENT HIGHLIGHTS 3 KEY FINANCIAL INDICATORS 3
Slide 4: PDR - An Overview
PDR - AN OVERVIEW CAGR 51% FLEXIBLE SALES STRATEGY PDR targets VND 14,270 million in cumulative profit before Impressive speed of sales/project completion tax (PBT) for the period of 2019 - 2023, a CAGR of 51%. PIONEERING ENTERPRISE DIVERSIFIED LANDHOLDINGS Adapting the motto of developing projects
Slide 5: Milestones
MILESTONES Won auctions to develop Nhon Hoi Ecotourism City (116.2 ha), Bac Ha Thanh Handed over Property Ownership project (55.7 ha), and the project at No.1 Certificates to residents at The Ngo May St., Quy Nhon City, Binh Dinh EverRich Infinity, Province, Finalized all loans and bonds with Increa
Slide 6: Leadership: Board of Directors
LEADERSHIP BOARD OF DIRECTORS Mr. NGUYEN VAN DAT Ms. TRAN THI HUONG Mr. NGUYEN TAN DANH BOD CHAIRMAN BOD VICE CHAIRWOMAN BOD VICE CHAIRMAN Founding shareholder and Chairman Joined PDR since March 2006 Over 5 years of experience in real since 2004 estate and investment fields Over 35 years of experie
Slide 7: Leadership: Board of Management
LEADERSHIP BOARD OF MANAGEMENT Mr. BUI QUANG ANH VU BOD MEMBER CUM CHIEF EXECUTIVE OFFICER Over 20 years of experience in business management & investment. Mr. NGUYEN THANH THAO Mr. DUONG HONG CAM Mr. NGUYEN DINH TRI VICE PRESIDENT - FINANCE VICE PRESIDENT - INVESTMENT VICE PRESIDENT - CONSTRUCTION
Slide 8: Strategy: Sustainable Growth Based on Multi Pillar Sectors
STRATEGY SUSTAINABLE GROWTH BASED ON MULTI PILLAR SECTORS 8
Slide 9: Diversified Land Bank as the Foundation for Sustainable Profit Growth
DIVERSIFIED LAND BANK AS THE FOUNDATION FOR SUSTAINABLE PROFIT GROWTH Da Nang Project Land Area (ha) Development Da Nang 535 Residential Bach Dang 0.275 Residential Ho Chi Minh City Quang Ngai Project Land Area (ha) Development Project Land Area (ha) Development Tran Hung Dao 0.23 Commercial Bo Bac
Slide 10: Investment Highlights
II INVESTMENT HIGHLIGHTS “ PDR’s abbreviated success formula: Only focus on developing real estate projects at prime locations with proven legal compliance, clear prospects of ” profitability and swift cash flow
Slide 11: Cumulative PBT Target at VND 14,270 Billion for 2019–2023
CUMULATIVE PBT TARGET AT VND 14,270 BILLION FOR 2019 – 2023 PROJECTS TO GENERATE REVENUE TO 2023 2019 2020 2021 2022 2023 Phuoc Hai Ba Ria – Vung Tau Bac Ha Thanh Binh Dinh Binh Duong NTMK Binh Duong PHAT DAT BAU CA PHAT DAT BAU CA NHON HOI NEW CITY ASTRAL CITY Quang Ngai Quang Ngai Binh Dinh Binh D
Slide 12: Investment Highlights
A LEADING RESIDENTIAL PROPERTY DEVELOPER 1 Proven capacity in project development Favorable Macro Environment 6 2 across cities and provinces INVESTMENT Solid corporate governance HIGHLIGHTS Industrial township - a new accompanied by development strategy 5 3 spearhead development pivoting sustainabl
Slide 13: A Leading Residential Property Developer
II INVESTMENT HIGHLIGHTS A LEADING RESIDENTIAL PROPERTY DEVELOPER 13
Slide 14: Residential Real Estate as the Core Business Line
1.1 RESIDENTIAL REAL ESTATE AS THE CORE BUSINESS LINE Residential real estate is the mainstay of PDR's revenue and profit in the period of 2019 - 2023. Assessing the financial situation, legal progress and market demand, PDR plans "overlapping" projects to maintain sustainable growth. DIEN BIEN PHU,
Slide 15: PDR's Three Pillars of Sustainable Growth in Residential Sector
1.2 PDR’S THREE PILLARS OF SUSTAINABLE GROWTH IN RESIDENTIAL SECTOR URBANIZATION NEW URBAN DEVELOPMENT • The urbanization strategy focuses on tier-2 • Acquiring land banks in key locations cities with strong economic potentials and following urban development planning of gradually develops these int
Slide 16: Highly Recommended Product Quality and Brand Reputation
1.3 HIGHLY RECOMMENDED PRODUCT QUALITY AND BRAND REPUTATION PDR’s product quality and brand reputation are highly recommended in the industry. THE EVERRICH 1 PDR has cooperated with international and local companies throughout development processes and thus has a track record of delivering projects
Slide 17: Achieved Awards
1.3 HIGHLY RECOMMENDED PRODUCT QUALITY AND BRAND REPUTATION ACHIEVED AWARDS Vietnam Top 10 Developers Vietnam Property Awards Top 50 Vietnam Best Growth in 2021 Top 50 Prestigious and Effective Best Residential Real Estate Developer Top 10 most reputable Vietnam’s 50 Public Companies in 2021 Vietnam
Slide 18: Proven Capacity in Project Development Across Cities and Provinces
II INVESTMENT HIGHLIGHTS PROVEN CAPACITY IN PROJECT DEVELOPMENT ACROSS CITIES AND PROVINCES 18
Slide 19: Successfully Expanding into the Central Coastal Market
2.1 SUCCESSFULLY EXPANDING INTO THE CENTRAL COASTAL MARKET NHON HOI ECOTOURISM CITY This large-scale project is a contributor to changing the appearance of Quy Nhon. The development of Nhon Hoi Ecotourism City creates a new impetus for developing the economy, cultural tourism, and lifestyle of this
Slide 20: Nhon Hoi Ecotourism City Zones
2.1 SUCCESSFULLY EXPANDING INTO THE CENTRAL COASTAL MARKET NHON HOI ECOTOURISM CITY ZONE 2 Location National Route 19B, Zone 2, Nhon Ly Commune, Quy Nhon City, Binh Dinh Province. Land area 360,908 sqm Total investment VND 9,123.5 billion Prodduct area 215,878 sqm Products 1,927 land lots, including
Slide 21: The Core of a Nuclei City: Astral City
2.2 THE CORE OF A NUCLEI CITY ASTRAL CITY Thoroughly invested and developed by PDR, Astral City has attracted market attention since its inception and is currently one of the most exciting projects for investors in Binh Duong and surrounding provinces. Astral City is a brand that features Binh Duong
Slide 22: Astral City Project Details
2.2 THE CORE OF A NUCLEI CITY ASTRAL CITY Binh Duong 1 Binh Duong 2 Commercial & Commercial & Apartment Complex Apartment Complex Land area 19,277.7 sqm 18,066.1 sqm Estimated investment VND 4,792.7 billion VND 4,827.3 billion Expected floor area 175,127.43 sqm 178,288.07 sqm for sales Products 2,47
Slide 23: Industrial Township: A New Spearhead Development
II INVESTMENT HIGHLIGHTS INDUSTRIAL TOWNSHIP A NEW SPEARHEAD DEVELOPMENT 23
Slide 24: Industrial Real Estate Development Strategy
INDUSTRIAL REAL ESTATE DEVELOPMENT STRATEGY PDR'S THREE INDUSTRIAL PROJECTS EXPECTEDLY LAUNCHED IN 2023, TARGETING TECHNOLOGY, CONSUMER, PHARMACEUTICAL AND LOGISTICS COMPANIES TAI TIEN WAREHOUSE, PORT DAU TIENG 1 & 4 URBAN – SERVICE – INDUSTRIAL AREA HOA NHON IP LOGISTICS, AND LOGISTICS SERVICES Loc
Slide 25: Southern Industrial Parks
SOUTHERN INDUSTRIAL PARKS MAJOR INFRASTRUCTURE IN HCMC AND NEARBY PROVINCES Binh Duong Dau Tieng 1 Project Ba Ria – Vung Tau Thi Vai – Cai Mep project 24 ha (Land Area) BINH DUONG BA RIA – VUNG TAU Both provinces are located in the key economic quadrangle including Binh Duong, Dong Nai, Ba Ria Vung
Slide 26: Central Industrial Parks
CENTRAL INDUSTRIAL PARKS MAJOR INFRASTRUCTURE PROJECTS IN THE CENTRAL KEY ECONOMIC AREA AND THE BIGGEST HEAVY INDUSTRIAL CENTER IN THE CENTRAL DA NANG Hoa Nhon Project 150ha (Land Area) QUANG NGAI Dung Quat Project 1152ha (Land Area) DA NANG QUANG NGAI • The city is located in the central • The larg
Slide 27: Robust Financial Health
II INVESTMENT HIGHLIGHTS ROBUST FINANCIAL HEALTH 27
Slide 28: Amongst the Lowest Debt Ratios in the Real Estate Industry
INVESTMENT HIGHLIGHTS AMONGST THE LOWEST DEBT RATIOS IN THE REAL ESTATE INDUSTRY Total Liabilities/Total Assets Debts/Total Assets 80% 50% 60.55% 40% 60% 30% 40% 20% 20% 10.92% 10% 0% 0% PDR DXG NLG HDC HDG VHM KDH NVL PDR DXG NLG HDC HDG VHM KDH NVL Adjusted Liabilities/Total Assets (Exc E2,E3) 80%
Slide 29: Debt Overview
INVESTMENT HIGHLIGHTS DEBT OVERVIEW PDR focuses on restructuring debts from short-term to long-term with reasonable interest rates, taking advantage of international capital markets. Debt structure shifting to long-term Debt Structure (2019 - 3Q21) 2,500 100% BILLION VND 2019 2020 3Q21 2,000 76% 75%
Slide 30: Healthy Cash Flows and Liquidity Ratio
INVESTMENT HIGHLIGHTS HEALTHY CASH FLOWS AND LIQUIDITY RATIO Cash Flows 2000 Current Ratio 1500 4 3.53 3.25 3.28 1000 2.99 3 500 3.14 2.59 2.81 0 2.5 2 -500 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 -1000 1 -1500 0 -2000 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q
Slide 31: Profit Targets
INVESTMENT HIGHLIGHTS PROFIT TARGETS Gross Profit & Gross Profit Margin EBIT & EBIT Margin 2,000 80% 1,800 60% 1,600 1,500 60% 1,200 45% 1,200 40% 900 30% 800 600 20% 15% 400 300 0 0% 0 0% 2016 2017 2018 2019 2020 3Q 2020 3Q 2021 2016 2017 2018 2019 2020 3Q 2020 3Q 2021 Gross Profit (Bil VND) EBIT G
Slide 32: Balance Sheet Overview
INVESTMENT HIGHLIGHTS BALANCE SHEET OVERVIEW Total Assets Net Inventories 11,921 20,000 12,000 15,000 9,000 10,000 6,000 5,000 3,000 0 0 2016 2017 2018 2019 2020 3Q 2020 3Q 2021 2016 2017 2018 2019 2020 3Q 2020 3Q 2021 Current Assets (Bil VND) Non-current Assets (Bil VND) Cash & Cash Equivalents Own
Slide 33: Solid Corporate Governance for Sustainable Development
II INVESTMENT HIGHLIGHTS SOLID CORPORATE GOVERNANCE FOR SUSTAINABLE DEVELOPMENT 33
Slide 34: The Importance of Transparent and Efficient Corporate Governance
5.1 THE IMPORTANCE OF TRANSPARENT AND EFFICIENT CORPORATE GOVERNANCE PDR selectively adheres to international standards for corporate governance reporting and sustainability reporting G20/OECD Principles of Corporate Governance ASEAN Corporate Governance Scorecard GRI Standards for Sustainability Re
Slide 35: Solid Corporate Governance
5.2 SOLID CORPORATE GOVERNANCE PDR's principles follow the OECD's in promoting effective governance and ensuring fairness for shareholders and stakeholders through a transparent disclosure mechanism. The responsibilities of the Board of Directors are assessed following the ASEAN Corporate Governance
Slide 36: Three Principles of Sustainable Growth Strategy
5.3 THREE PRINCIPLES OF SUSTAINABLE GROWTH STRATEGY Real estate development businesses can exert a significant impact on the natural-social environment and the life of the community in both positive and negative directions. PDR’s commitment toward sustainable development is carried out on three prin
Slide 37: Proactively Study New Trends and Comply with ESG Requirements
5.4 PROACTIVELY STUDY NEW TRENDS AND COMPLY WITH ESG REQUIREMENTS FOLLOWING INTERNATIONAL PRINCIPLES In order to keep up with international development trends, PDR actively establishes its Sustainability Report based on the GRI standard. Along with business development, activities supporting PDR’s a
Slide 38: Favorable Macro Environment
II INVESTMENT HIGHLIGHTS FAVORABLE MACRO ENVIRONMENT 38
Slide 39: Golden Population Structure Promotes Residential & Tourism Real Estate
6.1 GOLDEN POPULATION STRUCTURE PROMOTES THE DEVELOPMENT OF RESIDENTIAL & TOURISM REAL ESTATE Vietnam's residential and tourism real estate market is backed up by the young population structure, the speedy urbanization gradually catching up with neighboring countries, and the growing middle-income c
Slide 40: Key Industrial Areas with High Vaccination Coverage
6.2 KEY INDUSTRIAL AREAS WITH HIGH VACCINATION COVERAGE Key industrial areas such as Ho Chi Minh City, Hanoi, Binh Duong, Dong Nai, and Long An have a high vaccination coverage compared to the whole country. This is a premise for expanding labor and goods transshipment activities, thereby removing s
Slide 41: Southern IZs Are the Driving Force Behind Vietnam's Economy
6.3 SOUTHERN IZS ARE THE DRIVING FORCE BEHIND VIETNAM'S ECONOMY Vietnam has 4 Key Economic Zones (KEZs) in 24 provinces. In 2020, the southern and central economic zones contributed to 46.4% of the country's GDP and 60.4% of the total GRDP of the 4 KEZs. • 62 Industrial Parks • 1 High Tech Park Nort
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