NAM LONG INVESTMENT CORPORATION MANAGEMENT PRESENTATION Gateway to Vietnam 2010 Intercontinental Hotel Saigon 11 November 2010
DEVELOPMENT MILESTONES 2 18 years of Real Estate development experience 1996 One of first real estate developers 1992 in Vietnam Established as a Construction Company 1999 Established the Nam Long House trademark 2003 Expanded to areas outside HCMC Long An Binh Duong, Can Tho Vung Tau Da Nang 2005 Converted into a joint stock company and first generation E-Home products 2008-2010 Investments from three international strategic shareholders; 384 ha Long An, 93% compensated 2
OUR VISION Relationship, capital and experience our strengths Local relationships & experience To be a leading township and property developer in Vietnam Financial strength & international corporate governance standard International knowledge & experience in real estate development 3
CORE DIVISIONS 4 Core Divisions Land & Township Residential Commercial & Hospitality Apartment Villa & Townhouse Design, project management, construction, building materials, real estate sales 4
OUR STRATEGY PROJECT & PRODUCT Key development trend Our Project & Product Strategy 1. Land acquisition at the right location and price will sustain growth 2. Development Plan moving away from the current CBD 3. Apartment-style living has gained greater acceptance from young generation 4. Capital is a key competitive edge Our land bank (for township and development) projects are approximately 574 hectares Most projects are in the outer ring (road), next to key infrastructure projects Our E.Home affordable housing is a clear market leader Nam Long has been able to secure international quality financial partners 5
CAPITAL HISTORY 6 6 Bil. VND 1,400 1,200 1,143 1,000 896 800 600 656 400 200 83 85 205 0 2005 2006 2007 2008 2009 9/2010 Converted from limited liability into JSC Placement to 8 founding shareholders Placement to ASPL, Nam Viet and employees 2:1 bonus shares Placement to Azalea Fund Ltd 6
SHAREHOLDERS 7 SHAREHOLDERS % Founders of the Company (individual Vietnamese) 61.2% Strategic international shareholders 32.4% Minorities and employees 6.4% Total as at November 2010 100% 7
LAND DEVELOPMENT 574 ha Ha Noi of which over 85% fully compensated All are next to KEY INFRASTRUCTURE PROJECTS of 3 main cities of Vietnam Long An 1 project ~384ha Binh Duong 1 project ~16ha Da Nang 1 project ~5ha Can Tho 3 projects ~ 72ha Vung Tau 1 project ~ 17ha HCMC 8 projects ~ 78ha 100 km 8
RESIDENTIAL Focus on E.Home Affordable Housing: E-Home 1 (Dist. 9) # 312 units, 2008-2009 E-Home 2 (Dist. 9) # 604 units, 2009 2011 Saigon West 1 (Binh Chanh) # 2,200 units, 2011 2013 Growth plan is to deliver at least 1,000 units per year 9
OTHER RESIDENTIAL Villas Long Thanh My Project (Dist 9) #115 units, 2005-2007 Beachfront Villa project in Da Nang Province & Ho Tram Baria-Vung Tau Province and Waterfront Villa project in Long An Province Tan Thuan Dong Project (Dist 7) # 99 units, 2006-2008 10
COMMERCIAL & HOSPITALITY Nam Long Capital Tower 2009 70% leased Green View Serviced Apartment 2011 Ho Tram Hotel & Resort 2012 Will contribute to stable recurring investment income 11
LAND DEVELOPMENT Waterpoint 90% ownership Long An 384.6 ha 111 ha villas 15 ha commercial 67 ha entertainment 19 ha high tech 172.6 ha others 93% compensated land grant on 36 ha obtained and construction in progress. Future Growth of Nam Long 384ha in Long An Province New Township Development 12
BOARD OF MANAGEMENT Mr. NGUYEN XUAN QUANG Chairman Mr. TRAN THANH PHONG Vice Chairman Mr. LE CHIEN THANG Deputy General Director Mr. TRAN QUY HUNG Chief of Investment 13
MANAGEMENT TEAM Mr. NGUYEN MINH QUANG Director of business development Mr. CAO TAN THACH Director of Construction Management Division Mr. NGUYEN PHUC Director of Project Development Division Mr. LE LONG DUC Director of PMU of Long An Project Ms. LUONG THI KIM THOA Chief Accountant 14
VND million 4-YEAR PERFORMANCE 1,200,000 1,306.7 1,000,000 1,081.3 800,000 600,000 400,000 200,000 0 FY2007 FY2008 FY2009 FY2010F Net revenue Gross profit Net profit after minority interest 15
CONSOLIDATED EARNINGS FY2009 71% increase over 2008 Consolidated Revenue 2009 630.6 VND billion Audited by E&Y Consolidated Profit 2009 158.6 VND biilion 16
BALANCE SHEET FY2009 AND 1H FY2010 IN BVND 2009 (Audited) 1H 2010 (Management) Short-term loans & liabilities 219.5 9.4% 246 9.8% Long-term loans & liabilities 72.4 3.1% 72.4 2.9% Advances and deposits 585.1 25.1% 547.4 21.9% Stockholders equity 895.9 38.5% 1,143.1 45.7% Minorities 200.8 8.6% 190.8 7.6% Others 356.3 15.3% 301.4 12.1% Total Liabilities & Equity 2,330 100% 2,501.1 100% 17
INCOME STATEMENT FY2009 AND 1H FY2010 IN BVND 2009 (Audited) 1H 2010 (Management) Revenues 630.6-317.2 - Gross profit 300.4 47.6% 160.4 50.6% EBITDA 217.3 34.5% 119.1 37.5% Profit before tax & other income 226.9 36.0% 119.0 52.4% Tax expense 6.3 1.0% 32.5 10.2% NPAT 189.4 30.0% 87.0 27.4% Net profit after minorities 158.6 25.2% 90.3 28.5% Interest expense 6.25 1.0% 6.84 2.2% 18
Thank You quyhung.tran@namlongvn.com kelvin@namlongvn.com 19