VINGROUP NEWSLETTER. 17 November. Investor & Analyst Update

Transcription

1 VINGROUP NEWSLETTER 17 November 2016 Investor & Analyst Update

2 Key Highlights 1. For the first nine months of 2016, the Group s consolidated net revenue reached VND34.7 trillion (+75% YoY), gross profit was VND10.6 trillion, (+50% YoY), and profit after tax registered VND3.1 trillion. As of 30 September 2016, Vingroup s total assets were VND173.2 trillion, an increase of VND27.7 trillion compared to 2015 year-end, and owners equity was VND41.9 trillion, an increase of almost VND4 trillion compared to 31 December Vingroup credit rating outlook upgraded to positive. November 1 st, 2016, Standard & Poor s upgraded Vingroup s credit rating outlook to Positive from Stable, placing Vingroup under review for a potential upgrade in month. Vingroup received positive reviews and affirmations of the respective B and B+ credit ratings from two of the top international credit rating agencies, Standard & Poor s (S&P) and Fitch Ratings (Fitch). In their reports, both S&P and Fitch acknowledged Vingroup s strong performance in real estate sales and management in and the Group s effort in expanding the Vincom shopping mall portfolio and Vinmart and Vinmart+ store network, in order to achieve operational efficiency and more predictable profitability levels. 3. Vinhomes continued its robust development with the launch and construction of various new projects nationwide. Notable projects launched in the first nine month of 2016 include: Vinhomes Gardenia in My Dinh, Hanoi and Vinhomes Golden River as part of the Saigon Ba Son Mix-used Complex in Ho Chi Minh City with a total area of 18 hectares and 400 villas and shophouses. Several other projects such as Vinhomes Central Park and Vinhomes Times City Park Hill continued to enjoy strong sales, resulting in over 11,000 apartments, villas and shophouses pre-sold. 4. VinCommerce was also the fastest growing retailer in Viet Nam in 9M2016. As of 30 September 2016, our consumer retail network has reached store counts of 924, comprising of 50 Vinmart supermarkets, 802 Vinmart+ convenience stores, 19 Vinpro electronics stores, and 53 VinDS consumer lifestyle specialty stores. 5. Vincom Retail continued to launch 04 new shopping malls, namely Vincom Plaza Xuan Khanh, Can Tho the 2 nd mall in Can Tho City, Vincom Plaza Go Vap in Ho Chi Minh City, Vincom Plaza Ly Bon the first Vincom shopping mall in Thai Binh Province and Vincom Plaza Buon Ma Thuot the first Vincom shopping mall in Tay Nguyen. These have raised the total of the network to 26 shopping malls in operation nationwide, consolidating Vincom Retail s position as the largest retail operator in Vietnam. 6. Vingroup announced the transformation of Vinmec and Vinschool into social enterprises. Vingroup commits to reinvest one hundred percent of the profits generated by Vinmec and Vinschool in the development of these respective corporates, enhancing human resources, upgrading facilities and awarding scholarships and funding for R&D, technology transfer and international co-operation. Vingroup also commits not to withdraw over VND4 trillion of capital invested to date to develop its healthcare and education networks across Vietnam, which has been spent for infrastructure, human resources, intellectual property and technology. 7. As at September 30th, 2016, VinEco operates 13 farms with a total site area of 1,920 hectares, of which 459 hectares have been cultivated. Average monthly production is 531 tons of vegetable and fruits. By the end of 2016, annual production is expected to reach 9,000 tons with more than 550 hectares of arable land and 157 types of vegetables and fruits. 2

3 Financial Summary Revenue Gross Profit EBITDA (VND billion) (VND billion) (VND billion) 34,048 34,655 27,724 10,439 11,709 10,621 12,379 18,378 21,179 19,677 19,540 7,031 7,098 9,704 7,594 9,247 21,772 11,070 4,798 14,658 3,720 5,952 12,869 8,606 15,115 Recurring Revenue Revenue from property sales Recurring Revenue/ Interest Total Assets Total Equity (times) (VND billion) (VND billion) 173, , ,934 37,577 41, ,773 90,070 27,463 31, ,617 Cash & Cash Equivalent & Short Term Investments Total Debt/ Total Assets Net Debt (1) / (Net Debt + Total equity) (VND billion) 13,047 13,822 19,845 18,346 16,739 36% 36% 25% 29% 26% 44% 41% 31% 37% 40% Source: VAS Consolidated Financial Statements for 2013, 2014, 2015 and 9M 2016 (1) Net Debt = (Short-term Borrowings + Long-term Borrowings) (Cash & Cash Equivalent + Short-term Investments) 3

4 Major Real Estate Projects Vinhomes Gardenia Location: Ham Nghi Street, Nam Tu Liem District, Ha Noi. Launched: 2,037 apartments (pre-sold: 62%) and 364 villas and shophouses (pre-sold: 73%). Key components: Apartments: 242,259m 2, Villas and Shophouses: 196,366m 2, School: 15,912m 2. Status: Construction up to 16 th floor for high-rise building, and ongoing work for 112/364 villas. Vinhomes Times City Park Hill Location: 458 Minh Khai Street, Hai Ba Trung District, Hanoi. Launched: 6,423 apartments (pre-sold: 94%), 78 shopoffices (presold: 86%). Key components: Apartments: 753,162m 2, Shopoffice: 17,966 m 2, School 37,190 m 2 Status: Construction completed for towers P1-8, and up to 26th floor for towers P9-P12. Vinhomes Central Park Location: 772 Dien Bien Phu Street, Binh Thanh District, Ho Chi Minh City. Launched: 10,553 apartments (pre-sold: 93%) and 93 villas (presold: 65%). Key components: Apartments: 1,136,934m 2, Villas: 55,932m 2, Retail: 64,946m 2, School: 50,282m 2. Status: Landscaping and completing low-rise buildings, roofing, completing towers C1-C3, P1, and on-going work for P Vinhomes Golden River Location: Ben Nghe, District 1, Ho Chi Minh City. Launched: 2,546 units (pre-sold: 65%). Key components: Apartments : 528,332 m 2, Villas: 31,500m 2, Retail: 54,220m 2, School: 18,219m 2, Office: 118,038m 2 Status: Expected to complete in Quarter I/2018. Beach Villas and Condotel Location: Nha Trang, Phu Quoc and Da Nang. Launched: 4,986 villas (pre-sold: 75%). Project: Vinpearl Nha Trang Bay Resort & Villas, Vinpearl Golf Land Resort & Villas, Vinpearl Phu Quoc Resort & Villas, Vinpearl Da Nang Resort & Villas 2, Vinpearl Paradise Villas, Vinpearl Long Beach Villas, Vinpearl Luxury Nha Trang, Empire Condotel and Riverfront Condotel. Status: Handing-over villas in Nha Trang, Phu Quoc, construction on-going for villas in Da Nang, and construction up to 8 th floor for Empire Condotel in Nha Trang. Shophouses & Villas, Townhouses Location: Hai Phong, Can Tho, Thai Binh, Ha Tinh, Yen Bai, Rach Gia, Ha Long. Launched: 1,446 units (pre-sold: 64%). Project: Vincom Shophouse Hai Phong, Vincom Shophouse Can Tho, Vincom Shophouse Thai Binh, Vinhomes Ha Tinh, Vincom Plaza Rach Gia, Vincom Plaza Yen Bai and Vinhomes Dragon Bay. Status: Handing-over in Hai Phong, Can Tho, Thai Binh, and construction on-going in Rach Gia, Yen Bai, Ha Long. As of 30 September

5 About VINGROUP Vingroup Joint Stock Company ( Vingroup or the Group ) is one of the largest listed companies in Vietnam, as measured by market capitalization with VND110 trillion as at Oct 31, From its earliest years, Vingroup has focused on developing hospitality, commercial and residential properties, specifically under its Vinpearl and Vincom brands. After 23 years of growth, Vingroup today bases its strategy on the principles of sustainability and professional management to operate in three main business segments: Property Vinhomes luxury apartments and villas, and Vincom high quality shopping malls. Hospitality and Entertainment Vinpearl 5 star and 5 star plus resorts, and Vinpearl Land amusement parks and family entertainment centers. Consumer Retail VinCommerce manages Vinmart supermarkets and Vinmart+ convenience stores, Vinpro and Vinpro+ electronics and appliance stores, VinDS consumer lifestyle specialty retail stores, and Adayroi comprehensive e commerce. In addition to these core business segments, Vingroup also develops and operates businesses in Social Infrastructure Services including Healthcare under the Vinmec brand, Education under the Vinschool brand and Agriculture under the VinEco brand. These social infrastructure businesses are aimed at improving the standards of living in communities throughout Vietnam. Vingroup was listed on the HOSE on 7 September More information on the Group can be found at 5

6 Prepared by Vingroup Investor and Shareholder Relations Vingroup s Head Office, No 7, Bang Lang 1 Street, Vinhomes Riverside Eco Urban Area, Viet Hung Ward, Long Bien District, Hanoi, Vietnam Tel: +84 (4) , ext. 655 Fax: +84 (4) ir@vingroup.net