No Va Land Investment Group Corp. · HOSE:NVL
No Va Land Investment — Q3 2022 Earnings Presentation
34 slides from No Va Land Investment's earnings presentation, November 2022
Slide 1: Earnings Presentation 3Q 2022
EARNINGS PRESENTATION 3Q 2022 Nov 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 4
Slide 4: I. Market Highlights
I. MARKET HIGHLIGHTS 5
Slide 5: Vietnam Economy on the Continuation of Economic Rebound
VIETNAM ECONOMY ON THE CONTINUATION OF ECONOMIC REBOUND 9M 2022: GDP Growth Rate hits 12-year high (%) 9M 2022: CPI increases by 2.73% due to gas price hike (%) 8 2011 6.2 7 6.83 6 2012 5.34 5 4.61 3.79 2013 4 3.85 5.26 3.57 3 2.73 2.5 2014 6.11 2 2.07 1.82 1 0.74 2015 6.85 0 2013 2014 2015 2016 201
Slide 6: HCMC Condominium: High-End Led New Supply from 2020
HCMC CONDOMINIUM: HIGH-END LED NEW SUPPLY FROM 2020 76% of new supply comes from high-end segment 3Q 2022: Highlights 16,000 No. of New Launch (Units) 2,851 condos opened for sale 14,000 12,000 • Down 80% q.o.q, but 49% higher y.o.y. 10,000 • Mainly concentrated in the East and the South of 8,000 6,
Slide 7: Low Absorption Rate in Landed Property
LOW ABSORPTION RATE IN LANDED PROPERTY New launch and sold units 30 4,000 3,681 3,500 3,081 PROJECTS 2,932 3,000 2,500 • 10 new projects 2,345 2,000 • 20 new phases 1,645 1,500 1,449 1,000 611 ABSORPTION RATE 469 500 47% 432 237 - Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Supply Sold NEW LAUNCH New la
Slide 8: Hospitality Market: A Quiet Quarter
HOSPITALITY MARKET: A QUIET QUARTER • New launches and sold units witness a decrease in Villa and Townhouse/Shophouse due to credit tightening; but an increase in condotel, concentrated in several projects in Binh Dinh, BR-VT and Quang Nam. • Average selling price continues to increase by approx. 5%
Slide 9: 3Q 2022: Updated Policy
3Q 2022: UPDATED POLICY New law and regulation regarding credit growth in order to help the market growth healthier and more stable August September October July Decision 28/2022/QD-UBND Decree 65/2022/ND-CP Circular 08/2020/TT-NHNN Decision 610/QD-BXD Regarding land price Regarding amendments Regar
Slide 10: 9M2022: Upcoming Infrastructure Developments
9M2022: UPCOMING INFRASTRUCTURE DEVELOPMENTS Notes: 01 Proposal for expansion of Trung Luong – HCMC Expressway. Completed/Planned for expansion Under construction/Under plan Tan Phu 02 Approval on construction of Bien Hoa – Vung Tau Expressway 03 Approval on investment plan of Dau Giay – Tan Phu Exp
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: 1,856 Total planned units: 2,701 Key Metrics Launched @74% Launched @83% Launched @78% Take-up @97% Take
Slide 13: Aqua Marina, 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: 6,351 Key Metrics Launched @100% Launched @71% Take-up @91% Take-up @96% Construction Permits Done 1Q2023 Infrastructure Expected 4Q2022 21 shophouses;
Slide 14: Aqua City – Physical Training Destination for Higher Quality of Life
AQUA CITY – PHYSICAL TRAINING DESTINATION FOR HIGHER QUALITY OF LIFE Source: Company Information, VnExpress, Baophapluat.vn 15
Slide 15: NovaWorld Phan Thiet: Villas, Townhouses, Amenities
Villas and Clubhouse Townhouses Amenities Source: Company Information Total NSA: 3,286,255 sqm Total planned units: 18,907 Key Metrics Launched @53% Take-up @77% 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, the Next Best MICE Destination
NOVAWORLD PHAN THIET, THE NEXT BEST MICE DESTINATION Source: Company Information, Binh Thuan Online 17
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 @77% Take-up @84% Take-up @73
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 @88% Take-up @73% Take-up @7
Slide 19: NovaWorld Ho Tram, the Paradise Resort for Weekends
NOVAWORLD HO TRAM, THE PARADISE RESORT FOR WEEKENDS Source: Company Information, NovaWorld Ho Tram 20
Slide 20: III. Operations
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Slide 21: New Phases | Projects
NEW PHASES | PROJECTS Introduction of two mini-phases within NovaWorld Phan Thiet THE OLYMPIC THE MIZUMI • A Health and Sport center for family: located adjacent to the Golf PGA Ocean, • A lakeside miniature Japanese city in the heart of NovaWorld Phan Thiet opposite to the Sport Complex; • Inspired
Slide 22: Supported the Community with Series of CSR Activities
SUPPORTED THE COMMUNITY WITH SERIES OF CSR ACTIVITIES DONATE FUNDS TO PEOPLE WITH DIFFICULTIES On 8 October, NovaGroup, at the ceremony held by Vietnam Fatherland Front Committee of HCMC, contributed 6 billion VND to the "For people with difficulties" Fund in HCMC. This is the 7th time in a row that
Slide 23: Honorable Awarded Achievements
HONORABLE AWARDED ACHIEVEMENTS NVG: EXCELLENT ENTERPRISE IN ASIA 2022 On October 7, NovaGroup was honored to receive the award "Excellent Enterprise in Asia" 2022 organized and voted by Enterprise Asia - the leading business organization in the region. NVLG: BEST SUSTAINABLE DEVELOPER IN VIETNAM 202
Slide 24: Proactive IR Activities
PROACTIVE IR ACTIVITIES SERIES OF ACTIVITIES TO HONOR NOVALAND’S SHAREHOLDERS & PARTNERS In Quarter 3, 2022, Novaland IR Department cooperated with several securities companies/financial institutions to constantly organize conferences/events/site tours for investors. We would like to take the opport
Slide 25: IV. Financial Highlights
IV. FINANCIAL HIGHLIGHTS
Slide 26: Key Highlights
KEY HIGHLIGHTS (USD m) 3Q2022 3Q2021 Y-o-Y Change Contractual Unbilled Results Value Revenue Net Revenue 161 140 +15% Gross Profit 86 69 +24% Gross Profit 53% 49% +4% 4,360 units USD 2.9 bil USD 9.8 bil Margin NPAT 9 22 -56% in 9M2022 As of 30 Sep 2022 Source: Company Information, as at 30 Sep 2022.
Slide 27: 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% 45% 51% 1,448 286 207 209 203 192 615 639 468 440 454 131 127 337 379 2017 2018 2019 2020 2021 2022F 9M2021 9M2022 2017 2018 2019 2020 2021 9M2021 9M2022 NPAT (USD m); CAGR
Slide 28: Balance Sheet Snapshot
BALANCE SHEET SNAPSHOT Total Assets (USD m); CAGR 2017 – 2021: 43% Inventories (USD m); CAGR 2017 – 2021: 44% 10,438 5,213 4,429 357 8,116 2,190 3,493 342 5,812 1,841 228 2,300 3,618 1,220 4,855 2,779 8,248 240 4,087 1,024 1,251 1,955 755 6,275 3,265 766 4,592 41 484 2,060 333 2,863 1,622 2,014 983
Slide 29: Key Credit Metrics
KEY CREDIT METRICS Profitability Ratio Remains High (%) Fundraising Breakdown by source (%) 62 51 45 Offshore 39% 34 ~USD 433 million 28 29 47 Onshore 61% Total ~USD 670 million 31 USD 1,104 mil 21 22 22 14 2017 2018 2019 2020 2021 9M2022 Net profit margin Gross profit margin Stable Leverage Ratios
Slide 30: Debt Profile
DEBT PROFILE Debt Maturity Schedule (USD m) Debt By Currency Mix (%) 1 year 2 years 3 years > 3 years USD 24% 10,000 1,400 ~USD 691 million 9,000 1,200 8,000 1,217 7,000 1,000 VND 76% 6,000 ~USD 2,219 million 800 5,000 706 600 4,000 595 Debt Structure (%) 3,000 400 391 2,000 Convertible bonds 18% 20
Slide 31: Decent Presales Activities amid Difficulties
DECENT PRESALES ACTIVITIES AMID DIFFICULTIES Presales (Units) Presales Performance (Units) 438 6,821 6,613 1,592 48% 52% 633 5,084 5,021 4,388 848 410 2,569 1,780 1,819 1,819 1,732 1,732 Hospitality RE Residential RE Residential RE Hospitality RE 2019 2020 2021 1Q2021 2Q2021 3Q2021 4Q2021 1Q2022 2Q2
Slide 32: Unbilled Revenue Reached USD 9.8 Billion
UNBILLED REVENUE REACHED USD 9.8 BILLION Unbilled (USD m) Unbilled Revenue (USD b) 4,901 0.4 36% 1.2 1.0 9.8 9.4 8.2 2,329 7.2 7.2 64% 1,094 4.3 333 2.7 1.6 1.5 Residential RE Aqua City NovaWorld NovaWorld Grand 2017 2018 2019 2020 2021 1Q2022 2Q2022 3Q2022 Up to now Hospitality RE Phan Thiet Ho Tra
Slide 33: Handed-Over Projects in 3Q2022
HANDED-OVER PROJECTS IN 3Q2022 AQUA CITY NOVAWORLD PHAN THIET NOVAWORLD HO TRAM NOVAHILLS MUI NE 34
Slide 34: Thank You!
THANK YOU!
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