No Va Land Investment Group Corp. · HOSE:NVL
No Va Land Investment — Q4 2024 Earnings Presentation
30 slides from No Va Land Investment's earnings presentation, February 2025
Slide 1: Earnings Presentation 4Q 2024
EARNINGS PRESENTATION 4Q 2024 February, 2025
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: Market Highlights, Project Updates, Financial Highlights
I. MARKET HIGHLIGHTS II. PROJECT UPDATES III.FINANCIAL HIGHLIGHTS 3
Slide 4: I. Market Highlights
I. MARKET HIGHLIGHTS
Slide 5: Vietnam Economy in 2024
VIETNAM ECONOMY IN 2024 2024: GDP growth rate (%) Vietnam's economic growth in 2024 is among the highest recorded in the 2014-2024 period 2024 7.09% GDP 2023 5.07% Vietnam's gross domestic product (GDP) reached 7.09%, indicating a positive 2022 8.54% growth trajectory. The primary growth driver is t
Slide 6: Implemented FDI Reached the Highest Level Ever Recorded
IMPLEMENTED FDI REACHED THE HIGHEST LEVEL EVER RECORDED FDI Inflow Over Years (USD bil) 2024 Highlights 50 • FDI was implemented with total of USD25.35 billion, a 9.4% y-o-y increase, reaching the highest Total registered level ever recorded. USD38.23 billion • Exports in FDI area, including crude o
Slide 7: Condominium Market
CONDOMINIUM MARKET NEW LAUNCH NEW SALES Primary supply of the condominium market recovered with an increase of 6% compared to 2023. 53% 23,459 UNITS 6% y-o-y 12,506 UNITS 24% y-o-y HCMC and Binh Duong leads the market, accounting for 53.9% and 39.9% of total primary supply. Luxury and high-end s
Slide 8: Landed Property
LANDED PROPERTY Primary supply and sold units over years (units) 86 PROJECTS 6,765 1,809 ABSORPTION RATE 27% 2021 2022 2023 2024 Supply Sold NEW LAUNCH Primary supply by region 6,765 UNITS Binh Duong 24% y-o-y NEW SALES 1,809 In 2024, primary supply and consumption recorded an increase of 24% and 2.
Slide 9: Hospitality Market
HOSPITALITY MARKET Supply and demand Villa New: 2,415 Sold: 293 South • Supply of hospitality villas, townhouses/shophouses and condotels decreases compared to 2023. • Primary selling prices remain stable in 2024. 2021 2022 2023 2024 • Discount policies, interest rate North supports, principal grace
Slide 10: Infrastructure Highlights in HCMC and Surrounding Areas in 2024
INFRASTRUCTURE HIGHLIGHTS IN HCMC AND SURROUNDING AREAS IN 2024 Note: Completed/Planned for expansion Under construction/Under plan 01 HCMC: Officially operate Metro line 1 (Ben Thanh – 06 Long An: Start constructing Luong Hoa – Binh Chanh Suoi Tien) route to connect Long An with HCMC 02 HCMC: Propo
Slide 11: 2024: Significant Amendments to Real Estate Law
2024: SIGNIFICANT AMENDMENTS TO REAL ESTATE LAW LAND LAW 2024 HOUSING LAW 2023 REAL ESTATE BUSINESS 2023 Passed on January 18, 2024 and Passed on November 27, 2023 and Passed on November 28, 2023 and effective from August 1, 2024 effective from August 1, 2024 effective from August 1, 2024 St
Slide 12: II. Project Updates
II. PROJECT UPDATES
Slide 13: Key Projects Legal Status
KEY PROJECTS LEGAL STATUS PROJECT 2023 2024 - PRESENT Projects with complete legal approvals Projects reaching complete legal approvals • Sunrise Riverside • Victoria Village • Thanh My Loi HCM City • Pending legal approvals • Palm City • The Grand Manhattan • The Water Bay • Park Avenue* • Ly Chinh
Slide 14: Projects in Central Ho Chi Minh City
PROJECTS IN CENTRAL HO CHI MINH CITY The Grand Manhattan VictoriaSunrise VillageRiverside Palm City Victoria Village Source: Company information Total NSA: 98,381 sqm Total NSA: 93,449 sqm Total NSA: 40,212 sqm Key metrics Total planned units: 1,054 Total planned units: 1,208 Total planned units: 17
Slide 15: 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 Key metrics Total planned units: 2,113 Total planned units: 1,850 Total planned units: 2,701 Construction and sale permits Done Done Done (subdivisions
Slide 16: Aqua Marina and Phoenix Island
Aqua Marina Phoenix Island* Source: Company information Total NSA: 142,532 sqm Total NSA: 1,338,646 sqm Key metrics Total planned units: 763 Total planned units: 6,351 Construction permits Ongoing Ongoing Wastewater treatment station, Aqua Marina Square, Embankment (excluding the Infrastructure Unde
Slide 17: The Tropicana, Habana Island, Wonderland
The Tropicana Habana Island Wonderland Source: Company information Total NSA: 389,805 sqm Total NSA: 89,268 sqm Total NSA: 36,839 sqm Key metrics Total planned units: 1,946 Total planned units: 404 Total planned units: 271 Construction permits Done Done Done Infrastructure 100% 80% 100% for all area
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 Key metrics Total planned units: 332 Total planned units: 210 Total planned units: 517 Construction permits Partially Done Partially Infrastructure 100% for model hous
Slide 19: Villas and Clubhouses, Shophouses, Amenities
Villas and Clubhouses Shophouses Amenities Source: Company Information Total NSA: 3,286,255 sqm Key metrics Total planned units: 18,907 Construction permits Done Done Done Restaurants: Saigon Casa, Au Lac Do, Marina, Dynasty House, Seorae, Hai Cang Seafood, Yo Yo, Com Nieu, Coco Thai, ADD; Beach Cof
Slide 20: III. Financial Highlights
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Slide 21: Key Highlights
KEY HIGHLIGHTS Units handed over in 2024 (USD m) 4Q2024 4Q2023 Y-o-Y Change 31% 490 Net Revenue 189 80 136% 413 350 Gross Profit 78 20 291% 69% Gross Profit 88 41% 23% 16% 56 Margin Hospitality RE NPAT 1,01 57 (98%) Residential RE Aqua City NovaWorld NovaWorld Sunrise Palm City Phan Thiet Ho Tram Ri
Slide 22: Key Highlights: 2025 Forecast
KEY HIGHLIGHTS: 2025 Forecast HIGHLIGHTS PROJECTS Actual Forecast (USD m) Y-o-Y 2024 2025 ~ 1,300 units ~1,250 units have > 570 units are Start handing Completed have been been handed expected for over apartments construction and Net Revenue from 330 836 153% handed over over till end of handover in
Slide 23: Business Performance
BUSINESS PERFORMANCE Net Revenue (USD m); Gross Profit (USD m); Margin (%) 62% 45% 46% 35% 1% 627 500 281 228 205 331 358 210 75 4 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 NPAT (USD m); Margin (%) EBITDA (USD m); Margin (%) 47% 22% 17% 9% -48% 79% 63% 72% 123% 72% 397 154 358 136 86 19 263
Slide 24: Balance Sheet Snapshot
BALANCE SHEET SNAPSHOT Total Assets (USD m); Inventories (USD m); 10,179 5,790 9,537 9,407 5,330 5,487 7,971 370 339 2,355 1,988 1,199 4,351 289 5,708 1,808 3,431 336 224 1,198 5,451 7,824 8,208 5,041 5,117 7,550 4,015 6,163 3,207 4,510 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 Short-term As
Slide 25: Key Credit Metrics
KEY CREDIT METRICS Profit shows a slight improvement within 2024 (%) Leverage Ratios adjust under safe level In 2024 1.53 1Q2024 1H2024 9M2024 FY2024 1.47 1.45 27 1 1.27 1.29 -43 -105 -48 1.26 -86 -102 1.17 1.20 1.19 1.05 -321 0.34 0.30 0.25 0.24 0.26 Over years Gross profit margin Net profit margin
Slide 26: Financial Situation
FINANCIAL SITUATION MOVEMENTS IN OUTSTANDING DEBT (Unit: VND billion) OUTSTANDING DEBT TYPE % INCREASE (+) / DECREASE (-) 31/12/2022 31/12/2023 31/12/2024 COMPARED TO 31/12/2022 1. Local Debt 29,082 26,095 28,933 -0.52% 2. Foreign Debt 23,754 21,101 21,834 -8.08% 3. Retail Bonds 12,433 10,892 10,473
Slide 27: Debt Profile
DEBT PROFILE Debt Maturity Schedule (USD m) Debt By Currency Mix (%) 1 year 2 years 3 years > 3 years 10,000 1,600 USD 30% 9,000 ~USD 727 million 1,400 1,436 8,000 VND 70% 1,200 ~USD 1692 million 7,000 1,000 6,000 5,000 800 4,000 600 Debt Structure (%) 3,000 465 400 2,000 Convertible bonds 19% ~USD
Slide 28: Pre-sales & Unbilled Revenue
PRE-SALES & UNBILLED REVENUE Presales Performance (Units) Unbilled Revenue (USD b) 0.00 6,613 0.00 -0.34 0.02 0.05 -0.39 9.92 5,661 9.48 9.48 9.14 9.16 9.22 8.83 0.00 5,084 7.04 0.00 4.23 181 347 2020 2021 2022 2023 2024 2020 2021 2022 2023 1Q2024 2Q2024 3Q2024 4Q2024 Up to now Contractual Value - P
Slide 29: Handed-Over Projects in 2024
HANDED-OVER PROJECTS IN 2024 AQUA CITY PALM CITY SUNRISE RIVERSIDE NOVAWORLD HO TRAM NOVAWORLD PHAN THIET 29
Slide 30: Thank You!
THANK YOU!
No Va Land Investment Group — Q4 2024 Earnings Presentation on 6ix