No Va Land Investment Group Corp. · HOSE:NVL
No Va Land Investment — H1 2022 Earnings Presentation
35 slides from No Va Land Investment's earnings presentation, August 2022
Slide 1: Earnings Presentation 1H 2022
EARNINGS PRESENTATION 1H 2022 Aug 2022
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: Agenda
I. MARKET HIGHLIGHTS II. PROJECTS AND LANDBANK III. OPERATIONS IV.FINANCIAL HIGHLIGHTS 3
Slide 4: I. Market Highlights
I. MARKET HIGHLIGHTS 4
Slide 5: Vietnam Economy Finished 1H2022 with a Strong Rebound
VIETNAM ECONOMY FINISHED 1H2022 WITH A STRONG REBOUND 1H 2022: GDP Growth Rate was the highest in the last 3 2Q 2022: CPI increases in ASEAN region due to gas HCMC: FDI registered reaches USD 2.21 bil. – increases years (%) price hike (%, YTD) by 54.5% y.o.y (bil. USD) 7.61 25 8 7.27 10.00% 6.42 20.
Slide 6: International Arrivals Surge in First Half of 2022
INTERNATIONAL ARRIVALS SURGE IN FIRST HALF OF 2022 Top 3 nations 9000 8500 South Korea 487% 7900 8000 107,864 Compared to 1H2021 7000 visitors Number of international 6200 6000 Thousand people 5000 4800 arrivals United States 3.25% 4000 3700 68,065 Compared to 1H2021 3000 visitors 2000 1000 600 Chin
Slide 7: HCMC Condominium: High-End Led New Supply from 2020
HCMC CONDOMINIUM: HIGH-END LED NEW SUPPLY FROM 2020 1H 2022: Over 80% of new supply comes from high-end segment 1H 2022: HCMC’s sold reached 84% of the whole year 2021 H1 2022: 16,412 units Sold units: 12,506 units 89% from high-end segment ~76% take-up rate New launch Price Growth Stage in Price Cy
Slide 8: Landed Property Dominates Market in Satellite Cities
LANDED PROPERTY DOMINATES MARKET IN SATELLITE CITIES New launch and sold units New launch by region Primary price by region Condominium market: New supply mainly comes from HCMC VND mil/sqm (VAT included) 450 425 25,000 3% 400 20,000 21% 350 300 HCMC 15,000 250 Binh Duong 200 10,000 Long An 150 62.4
Slide 9: Hospitality Market Set to Bounce Back
HOSPITALITY MARKET SET TO BOUNCE BACK 1H 2022: New Supply by region New launches and Sold units over period North 2,776 5,145 2,864 2,156 Villa: 1,027 units 1,809 2,085 3,652 3,848 1,591 Townhouse/Shophouse: 1,801 1,547 3,221 1,619 units 1,908 1,031 Condotel: 461 units 835 1,483 944 258 1H 202
Slide 10: 1H 2022: Upcoming Infrastructure Developments
1H 2022: UPCOMING INFRASTRUCTURE DEVELOPMENTS • July 2022: Completion of Phase 1 site LONG THANH clearance • October 2022: Completion of design AIRPORT approval (~5,000 HA) • December 2022: commencement of runway construction • Contractor: Kumho Construction & NHON TRACH Engineering Co. • Connecting
Slide 11: II. Projects and Landbank
II. PROJECTS AND LANDBANK
Slide 12: Aqua City, Aqua Riverside City, Aqua Waterfront City
Aqua City Aqua Riverside City Aqua Waterfront City Source: Company information Total NSA: 493,681 sqm Total NSA: 340,533 sqm Total NSA: 383,776 sqm Total planned units: 2,113 Total planned units: 1,849 Total planned units: 2,701 Key Metrics Launched @74% Launched @83% Launched @74% Take-up @92% Take
Slide 13: Aqua Marina and Phoenix Island
Aqua Marina Phoenix Island Source: Company information Total NSA: 142,532 sqm Total NSA: 1,338,646 sqm Total planned units: 763 Total planned units: 7,463 Key Metrics Launched @100% Launched @59% Take-up @90% Take-up @93% Construction Permits Done 1Q2023 Infrastructure Expected 4Q2022 21 shophouses;
Slide 14: Aqua City – Ready to Welcome Elite Future Residents
AQUA CITY – READY TO WELCOME ELITE FUTURE RESIDENTS Source: Company Information, VnExpress, Baophapluat.vn 14
Slide 15: NovaWorld Phan Thiet: Villas, Clubhouse, Shophouses
Villas and Clubhouse Shophouses Amenities Source: Company information Total NSA: 3,286,255 sqm Total planned units: 18,700 Key Metrics Launched @53% Take-up @76% Construction Done Done Done Permits 1st phase: 100% Infrastructure 100% 100% 2nd phase: 70% Restaurants: Saigon Casa, Dynasty House, Au La
Slide 16: NovaWorld Phan Thiet Top Integrated Entertainment Destination
NOVAWORLD PHAN THIET BECAME THE TOP INTEGRATED ENTERTAINMENT DESTINATION Source: Company Information, Binh Thuan Online 16
Slide 17: Tropicana, Habana Island, Wonderland
Tropicana Habana Island Wonderland Source: Company information Total NSA: 389,805 sqm Total NSA: 89,268 sqm Total NSA: 36,839 sqm Total planned units: 1,943 Total planned units: 394 Total planned units: 271 Key Metrics Launched @100% Launched @50% Launched @100% Take-up @71% Take-up @83% Take-up @67
Slide 18: Happy Beach, Morito, Binh Chau Onsen
Happy Beach Morito Binh Chau Onsen Source: Company information Total NSA: 48,830 sqm Total NSA: 34,813 sqm Total NSA: 1,105,720 sqm Total planned units: 332 Total planned units: 227 Total planned units: 2,218 Key Metrics Launched @100% Launched @66% Launched @23% Take-up @84% Take-up @69% Take-up @8
Slide 19: NovaWorld Ho Tram Opened International Culinary Brands
NOVAWORLD HO TRAM OPENED A SERIES OF INTERNATIONAL CULINARY BRANDS Source: Company Information, NovaWorld Ho Tram 19
Slide 20: III. Operations
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Slide 21: Wow Compound
NEW PHASE | PROJECT WOW COMPOUND Wow Compound owns a prime location with a colorful view, embracing nature in living space. This product line is designed to meet the needs of a variety of homebuyers, in a space with bold inspiration of the Mediterranean design style – romantic and liberal. Expected
Slide 22: Kyoto – The Kingdom
NEW PHASE | PROJECT TO BE LAUNCHED KYOTO – THE KINGDOM Kyoto is the latest mini- phase of NovaWorld Phan Thiet with the natural style. It is a breakthrough which differentiates from other vibrant and multi-utility phases in The Kingdom, with Japanese minimalist architecture. 22
Slide 23: CSR Activities
CSR ACTIVITIES Green Up Vietnam A Million Trees for a Brighter Life • On June 05, Novaland and other members of NovaGroup accompanied Binh Thuan to plant trees across the province under the Green Up Vietnam Initiative. • In response to World Environment Day on the same day, NovaGroup organized a bea
Slide 24: Strengthen the Ecosystem with Reputable Partners
NOVAGROUP - NOVALAND STRENGTHEN THE ECOSYSTEM WITH REPUTABLE PARTNERS CMC & NOVAGROUP TK ELEVATOR & NOVALAND VBA & NOVAWORLD On June 9, at Novaland Gallery, CMC On June 9, at Novaland Gallery, TK On June 20, the signing ceremony of the Group and NovaGroup signed a Elevator Vietnam Co., Ltd. and Nova
Slide 25: 1H 2022: Proactive Investor Relations Activities
1H 2022: PROACTIVE INVESTOR RELATIONS ACTIVITIES NVL have hosted Analyst Meeting and site tours at Aqua City, NovaWorld Ho Tram and NovaWorld Phan Thiet to keep our investors/analysts updated with our developments. In the second half of 2022, we expect to host 1-2 site tours to the new projects of N
Slide 26: IV. Financial Highlights
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Slide 27: Key Highlights
KEY HIGHLIGHTS (USD m) 2Q2022 2Q2021 Y-o-Y Change ~USD 2.4 billion Net Revenue 147 140 +5% 3,512 units in 1H2022 in 1H2022 Gross Profit 82 68 +19% Gross Profit 56% 49% +7% Margin ~USD 9.9 billion NPAT 33 56 -41% Source: Company Information, as at 30 Jun 2022. USD/VND: 23,550. Net revenue, Gross prof
Slide 28: Financial Highlights
FINANCIAL HIGHLIGHTS Net Revenue (USD m); CAGR 2017 – 2021: 8% Gross Profit (USD m); CAGR 2017 – 2021: 22% 28% 34% 29% 62% 45% 43% 49% 1,529 302 219 220 649 674 112 494 464 230 138 134 141 356 331 2017 2018 2019 2020 2021 2022F 1H2021 1H2022 2017 2018 2019 2020 2021 1H2021 1H2022 NPAT (USD m); CAGR
Slide 29: Balance Sheet Snapshot
BALANCE SHEET SNAPSHOT Total Assets (USD m); CAGR 2017 – 2021: 43% Inventories (USD m); CAGR 2017 – 2021: 44% 5,329 10,160 4,678 320 8,570 2,134 3,689 361 6,137 1,944 241 2,429 3,821 1,288 254 5,009 2,935 8,027 1,322 4,317 2,065 798 6,626 1,082 3,448 809 4,849 43 511 2,176 351 3,023 1,713 2,127 1,03
Slide 30: Key Credit Metrics
KEY CREDIT METRICS Profitability Ratio Remains High (%) Fundraising Breakdown by source (%) 62 Offshore 34% 49 45 ~USD 265 34 million 28 29 47 Total Onshore 66% 31 34 USD 789 mil ~USD 524 million 21 22 14 2017 2018 2019 2020 2021 1H2022 Net profit margin Gross profit margin Stable Leverage Ratios (t
Slide 31: Debt Profile
DEBT PROFILE Debt Maturity Schedule (USD m) Debt By Currency Mix (%) 1 year 2 years 3 years > 3 years USD 20% 10,000 1,200 ~USD 580 million 9,000 1,000 8,000 977 7,000 918 800 VND 80% 6,000 ~USD 2,361 million 691 5,000 600 4,000 400 Debt Structure (%) 3,000 354 2,000 Convertible bonds 200 18% Loans
Slide 32: Presales Keep Improving in 1H2022
PRESALES KEEP IMPROVING IN 1H2022 Presales (Units) Presales Performance (Units) 1,070 22% 6,821 6,613 1,592 633 5,084 5,021 400 325 4,388 78% 2,569 1,780 1,819 1,819 1,732 … Hospitality RE Residential RE NovaWorld NovaWorld 2019 2020 2021 1Q2021 2Q2021 3Q2021 4Q2021 1Q2022 2Q2022 Residential RE Phan
Slide 33: Unbilled Revenue Reached USD 9.9 Billion
UNBILLED REVENUE REACHED USD 9.9 BILLION Unbilled (USD m) Unbilled Revenue (USD b) 4,925 1.2 36% 1.1 9.9 1.1 0.3 8.7 2,365 1.1 64% 7.6 0.5 6.5 6.2 1,058 5.1 4.5 4.5 312 2.8 1.7 1.6 Residential RE Aqua City NovaWorld NovaWorld Grand 2017 2018 2019 2020 1Q2021 2Q2021 3Q2021 4Q2021 1Q2022 2Q2022 Up to
Slide 34: Handed-Over Projects in 2Q2022
HANDED-OVER PROJECTS IN 2Q2022 NOVAWORLD PHAN THIET AQUA CITY NOVAWORLD HO TRAM NOVAHILLS SOHO MUI NERESIDENCE 34
Slide 35: Thank You!
CHO CUGC SONG BUNG SANG THANK YOU!
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