No Va Land Investment Group Corp. · HOSE:NVL
No Va Land Investment — Q2 2021 Earnings Presentation
33 slides from No Va Land Investment's earnings presentation, Jul 28, 2021
Slide 1: Earnings Presentation Q2 2021
INVESTOR INVESTOR PRESENTATION PRESENTATION EARNINGS PRESENTATION Q2 2021
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. MARKET HIGHLIGHTS NOVALAND’S PROJECTS II. UNDER DEVELOPMENT III. FINANCIAL HIGHLIGHTS IV. OPERATIONS Centara Mirage Resort Mui Ne 22
Slide 4: I. Market Highlights
I. MARKET HIGHLIGHTS 33
Slide 5: Vietnam: Sign of Recovery to Pre-COVID-19
VIETNAM: SIGN OF RECOVERY TO PRE-COVID-19 1H2021 GDP Growth pegged at 5.64% GDP Growth in 1H/2021 (%) • Vietnam’s 6M/2021 GDP growth reached 5.64% compared to 6M/2020, while 9 7.76 7.86 7.61 Q2/2021 growth was 6.61% y-o-y (GSO). 8 7 5.73 5.64 • Vietnam’s GDP is expected to grow at 6.2% this year in
Slide 6: 4th Wave of COVID-19 in Vietnam: Current Status
COVID – 19 IN VIETNAM: CURRENT STATUS (*) TOTAL INFECTED (*) TOTAL RECOVERY NO. OF VACCINATED 74,519 13,421 4,411,659 VIETNAM’S MEASURES 4TH WAVE Intensively social distancing measures in Hanoi, HCMC, and 18 other provinces in the South OF • Vietnam applies social distancing in Hanoi, Ho Chi Minh Ci
Slide 7: HCMC: Limited New Launch Supply Due to COVID-19
HCMC: LIMITED NEW LAUNCH SUPPLY DUE TO COVID-19 Q2 2021: Maintain the active market RECOVERY IS HCMC Decision on Land Use Fee - Effective date: 18 Jun 2021 IMPACTS FROM • Limited supply in June due to 4th wave of COVID-19. Absorption rate is EXPECTED IN • Determine specific land price for land alloc
Slide 8: The Supply of Real Estate in Vietnam Continues to Lean Towards Urban Areas
THE SUPPLY OF REAL ESTATE IN VIETNAM CONTINUES TO LEAN TOWARDS URBAN AREAS Apartment supply comes mainly from HCMC in 2Q2021 Binh Duong 3,500 902 units 3,000 23% Dong Nai 0 units 2,500 0% Long An HCMC 3,072 units 13 projects (incl. 11 new phases) 2,000 1,500 0 unit 0% 77% BR-VT 3,994 units 1,000 0 u
Slide 9: Hospitality Market During COVID-19 Outbreak
HOSPITALITY MARKET DURING COVID-19 OUTBREAK New supply in Q2/2021 (Southern Vietnam) SECOND-HOME LIFESTYLE ATTRACTS DOMESTIC CUSTOMERS Villa Townhouse/Shophouse 900 778 1200 1,114 4th wave of COVID-19 leads to 800 1000 significant decrease in villa supply 700 600 800 786 and demand. 500 600 550
Slide 10: Legal Updates
LEGAL UPDATES • HCMC People’s Committee • The HCMC DONRE has • Provided LURC to • Decree No. 148/2020/ND- • Provided LURC to announced that it will re- sufficiently provided 1,000 several projects CP allows the allocation Novaland's activate a number of residents' LURC which in HCMC, and leasing of
Slide 11: Infrastructure Development in 2Q2021
INFRASTRUCTURE DEVELOPMENT IN 2Q2021 Long Thanh International Airport Phan Thiet – Dau Giay Express Way Phan Thiet airport Long Thanh airport Long Thanh – Dau Giay Expressway (55km) Ben Luc – Long Thanh Expressway (47km) - 2024 HCMC - Trung Luong Current status: Ground Filling Technical Design E
Slide 12: II. Novaland's Projects Under Development
II. NOVALAND’S PROJECTS UNDER DEVELOPMENT 1111
Slide 13: Premium Landbank to Accommodate Long-Term Strategy
PREMIUM LANDBANK TO ACCOMMODATE LONG-TERM STRATEGY LAND BANK & UNDER RESEARCH APPROX. 5,400 HECTARES ~ USD 45 Billion GDV 15 Mins GDV FOR COMPLETED AND UNDER DEVELOPMENT PROJECTS Phan Thiet airport HCM CBDs Long Thanh airport Sold 25 Mins Vinh Hao – Phan Thiet (101km) 40% Unsold Dong Nai My Thuan –
Slide 14: Aqua City
AQUA CITY Aqua City Aqua Riverside City Phoenix Island Construction Done Done 4Q2021 Permits: 58 sample model houses (5 interior- finished units), Clubhouse Forest, Park 1, Completed: Clubhouse, outdoor sport area, marina parks in internal areas, protection embankment Under Infrastructure, shopping
Slide 15: NovaWorld Phan Thiet
NOVAWORLD PHAN THIET Villas and clubhouse Shop houses Amenities Construction Done Done Done Permits: 1st phase: 100% Infrastructure: 82% 72% 2nd phase: 18% Finished: Ocean golf, sport fields (1st Clubhouses: 90% Under phase) Villas: 272 units finished, 259 units 115 units finished Construction: Ongo
Slide 16: NovaWorld Ho Tram
NOVAWORLD HO TRAM The Tropicana Habana Island Wonderland Construction Done 4Q2021 Done Permits: Villas (50%), shop houses (seaside 100%, Sample model houses, amenities, sales gallery, Completed: hillside 20%),Ocean Pool, lagoon, Koko coffee landscape, embankment Infrastructure: Under construction St
Slide 17: NovaWorld Ho Tram
NOVAWORLD HO TRAM Happy Beach Villas Morito Source: Company information Construction 4Q2021 3Q2021 Permits: Infrastructure: Under construction Under construction Under Sample model houses and infrastructure, embankment Sample model houses and infrastructure, embankment Construction: Handover: From 2
Slide 18: New Phases
NEW PHASES Aqua City – Aqua Marina Waikiki Villa, NovaWorld Phan Thiet Total area: 10.5 hectares Launching units are very limited, with identical location that offers a unique "multi-storey" view, covering the entire Phan Thiet Bay and 25ha theme park. Launching time: July 2021 Total area: 2.5 hecta
Slide 19: III. Financial Highlights
III. FINANCIAL HIGHLIGHTS 1818
Slide 20: 1H 2021 - Impressive Presales Results
1H 2021 - IMPRESSIVE PRESALES RESULTS: Revenue Y-o-Y 4,388 UNITS • Capital Markets Successfully raised USD300 million via (USDm) 2Q2021 2Q2020 Change ~44% TARGET OF 2021 Convertible Bond issuance on Singapore Stock Exchange. Revenue 143 105 37% CONTRACTUAL VALUE The subscription amount was ~ 3 Gross
Slide 21: Financial Highlights – Revenue Up 87% Y-o-Y
FINANCIAL HIGHLIGHTS – REVENUE UP 87% Y-O-Y Net Revenue (USD m); CAGR 2016 – 2020: 3% Gross Profit (USD m); CAGR 2016 – 2020: 35% REVENUE GROWTH: 28% 34% 29% 62% 74% 43% 87% Y-O-Y 1,173 224 226 665 142 137 145 506 475 134 364 339 181 2017 2018 2019 2020 2021F 1H2020 1H2021 2017 2018 2019 2020 1H2020
Slide 22: Balance Sheet Snapshot
BALANCE SHEET SNAPSHOT Total Assets (USD m); CAGR 2016 – 2020: 41% Inventories (USD m); CAGR 2016 – 2020: 53% 7,455 4,487 6,282 3,775 1,518 370 1,318 264 3,911 2,486 3,004 816 1,353 260 4,117 2,113 5,937 1,107 828 4,963 3,511 360 45 523 2,227 3,094 1,753 2,177 1,062 830 2017 2018 2019 2020 1H2021 20
Slide 23: Key Credit Metrics
KEY CREDIT METRICS Profitability Ratio Remained High (%) Liquidity Remained Healthy (times) 62 3.79 3.63 3.26 34 43 28 29 47 1.79 1.79 31 26 21 14 2017 2018 2019 2020 1H2021 2017 2018 2019 2020 1H2021 Net profit margin Gross profit margin Current ratio Stable Leverage Ratios (times) Interest Coverag
Slide 24: Debt Profile
DEBT PROFILE Debt Maturity Schedule (USD million) Debt By Currency Mix (%) USD 2021 2022 2023 After 2023 26% 10,000 800 9,000 700 8,000 674 671 600 7,000 500 6,000 VND 468 74% 5,000 428 400 4,000 300 Debt Structure (%) 3,000 200 2,000 100 Bonds 1,000 45% 0 - Loans 55% After 2021 2022 2023 Total 2023
Slide 25: Impressive Presales in 2Q2021 - Increased 134% Y-o-Y
IMPRESSIVE PRESALES IN 2Q2021 - INCREASED 134% Y-O-Y Presales Performance (Units) Unbilled Revenue (USD billion) 1.2 134% Y-o-Y growth 10,000 0.5 6.4 0.8 5.2 0.5 0.4 4.7 6,367 0.1 3.9 3.4 5,084 1,900 5,084 2.9 2.9 3.0 2,569 1,364 3,184 1.7 1.6 1,098 1,820 1,819 1,819 722 722 2019 2020 2021F 1Q2020 2
Slide 26: Handed Over Projects in 1H2021
HANDED OVER PROJECTS IN 1H2021 NOVAWORLD PHAN THIET SAIGON ROYAL NOVAHILLS MUI NE SUNRISE CITYVIEW Source: Company information 25
Slide 27: IV. Operations
IV. OPERATIONS 2626
Slide 28: Novaland: Actively Coping with the Pandemic
NOVALAND: ACTIVELY COPING WITH THE PANDEMIC CONTRIBUTING VND100 BILLION TO THE VIETNAM FUND FOR COVID-19 DONATING 30,000 MEALS TO MEDICAL NOVALAND HELPS BUILD FIELD HOSPITAL VACCINATION OFFICIAL AT FIELD HOSPITALS NO. 10 IN HCMC To follow the Government Guidelines on COVID-19 prevention, the Group h
Slide 29: Launching & Experiencing Events
LAUNCHING & EXPERIENCING EVENTS “ To ensure customers’ heath and safety, Novaland has set up online launch events so that customers still can experience the products in term of social-distancing followed by Government Guidelines. NOVAWORLD PHAN THIET AQUA CITY (AQUA MARINA) 360 degree scale model ma
Slide 30: Utility – Service Ecosystem
UTILITY – SERVICE ECOSYSTEM Source: Company information 29
Slide 31: Perfecting Nova Group Ecosystem
PERFECTING NOVA GROUP ECOSYSTEM Establishment of Nova College Nova FnB with several new launches Source: Company information 30
Slide 32: Proactive IR Activities
PROACTIVE IR ACTIVITIES Upcoming activities Time Organizer Events/Activities VCSC Half year corporate update calls Rosenblatt Vietnam Investment Aug SSI Opportunities Conference HOSE-Daiwa Daiwa Vietnam Corporate Day 2021 Novaland Analyst Tour to NVL’s project September Jefferies Asia - DC Virtual J
Slide 33: 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 32
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