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PROSPERITY, SUCCESS
Presentation
March 2015
TABLE OF CONTENTS
PROSPERITY, SUCCESS
2007
2014
2009
Awarded Third Class Labour Medal Public offering for existing shareholders
by VN President Charter capital: 180 -> 358.6 VNDbn
Internal shareholders
27% 30%
Foreign shareholders
Domestic shareholders
43%
FINANCIAL PERFORMANCE
PROSPERITY, SUCCESS
VNDmil
3500 3139
3031 3084
3000
2543
2350
2500
2000 Total assets
1500
1077
Net revenue
1000 Profit after tax
484 413
500 289 231
203
118
69
0 24 36
2010 2011 2012 2013 2014
• 4 BRANCHES:
1. Northern Branch: in Quang Ninh
2. Quang Ngai Branch: in Quang Ngai
3. Binh Thuan Branch: in Binh Thuan
4. Southwest Branch: in Bac Lieu
• 5 SUBSIDIARIES:
1. NBB Industrial JSC (NBI): in Da Nang City
2. Quang Ngai Mineral Investment JSC (QMI): Quang
Ngai
3. Quang Ngai NBB One Member Co Ltd: in Quang Ngai
4. Huong Tra Co Ltd: in Quang Ngai
5. Hung Thanh Construction – Commercial – Service -
Manufacturing Co Ltd: in HCMC
• 3 ASSOCIATES:
1. Tam Phu Co.: in Quang Nam
2. 533 Quang Binh Investment Co Ltd: in Quang Binh
3. Da Den Hydroelectric Investment Co Ltd: in Phu Yen
AWARDS
PROSPERITY, SUCCESS
DISTRICT 11 DISTRICT 1
DISTRICT 5
DISTRICT 6
DIAMOND
7km
RIVERSIDE RMIT
CARINA
PLAZA
11
NBB III PROJECT LOCATION
PROSPERITY, SUCCESS
DISTRICT 1
DISTRICT 11
DISTRICT 5
DISTRICT 6
RMIT
4km
DISTRICT 8
NBB II PROJECT LOCATION
PROSPERITY, SUCCESS
Project
Location
13
NBB IV PROJECT LOCATION
PROSPERITY, SUCCESS
Project
Location
14
PROJECTS SUMMARY
PROSPERITY, SUCCESS
Real estate projects
Amount
Site
Owned Invested to
No. Project name Location Type area Project status Compensation
by NBB Date
(ha)
(VNDbn)
Northern Phan
Complete in 2011.
Thiet Residential Residential
1 Binh Thuan 100% 41.3 Profit after tax: 100% 309.3
and Commercial land
84.4VNDbn
Center
Complete investment
Ward 2 - Bac Lieu Residential
2 Bac Lieu 100% 50.2 & selling (2012 lots) in 100% 289
Residential Area land
2014
Complete investment
High-rise
3 Carina Plaza HCMC 95% 1.9 & selling (736 units) in 100% 912
apartment
2014
Under construction.
Son Tinh Residential Residential
4 Quang Ngai 100% 102.6 Already sold 352/2965 74.5% 281
Area land
lots
PROJECTS SUMMARY
PROSPERITY, SUCCESS
Real estate projects
Amount
Site
Owned Invested
No. Project name Location Type area Project status Compensation
by NBB to Date
(ha)
(VNDbn)
Under construction.
High-rise
5 City Gate Towers HCMC 95% 1.9 Already sold 70/1092 100% 454
apartment
units
Amount
Site
Owned by Invested
No. Project name Location Type area Project status Compensation
NBB to Date
(ha)
(VNDbn)
Apartment, Under
NBB IV (Tan Kien
9 HCMC townhouse, 70% 30.1 compensation 62% 296
Complex)
villa (~282VNDbn)
Under
Residential
10 Thuy San Hill Villa Quang Ninh 60% 32.1 compensation 12% 16
land
(spent 6VNDbn)
Under
Don Dien Tourism
11 Quang Ninh 60% 77.1 compensation 0 28
Ecotourism Area Area, villa
(spent 22VNDbn)
Site Amount
Owned
No. Project name Location Type area Project status Compensation Invested to
by NBB
(ha) Date (VNDbn)
Commercial Houses
Commercial
14 at Duc Ninh Dong Quang Binh 40% 10.3 Under legal process
house
Ward
PROJECTS SUMMARY
PROSPERITY, SUCCESS
Non real estate projects
Owned by
No. Project name Location Type Project status
NBB
BOT Phan Rang – Thap
1 Ninh Thuan Toll Bridge 36% Sold to CII in 2013 (51VNDbn)
Cham Bypass
2 BOT Rach Mieu Bridge Ben Tre Toll Bridge 100% Sold to CII in 2014 (41.59VNDbn)
Da Den Hydroelectric
4 Phu Yen Hydroelectric Plant 100% In progress to exit in 2014-2015
Plant
In operation (20% utilization).
Da nang Auto Parts
5 Da Nang Auto Parts Factory 80% Planning to exit in 2015, NBB keeps
Production Factory
51%
7 NBQ Company Quang Ngai Granite Factory & mines 100% In operation
Note: Granite/Stone mines provide input materials for NBB’s real estate projects & for sales
REPRESENTATIVE SUCCESSFUL PROJECTS
PROSPERITY, SUCCESS
1. Northern Phan Thiet Residential Area and Commercial Center, Binh Thuan
province (2005-2010)
Location: Phan Thiet city center
Site area: 41.39ha
Project type: Residential land lots
Total investment capital: 309.3 VNDbn
Project current status: successfully complete.
Sales: 100%,
Total investment capital saving: 7.04%,
Profit after tax: 84.42 VNDbn, exceeding 162.67% compared with plan
REPRESENTATIVE SUCCESSFUL PROJECTS
PROSPERITY, SUCCESS
2. Carina High-rise Apartments
Location: Vo Van Kiet Avenue, Ward 16, District 8, HCMC
Site area: 1.94 ha, Plot ratio: 4.4 times
Project structure:
3 blocks of 736 units: two 14-floor blocks and one 20-
floor block ,
a basement,
a 4-floor commercial center & service: 9,000 m2
Target customers: mid-end segment
Construction period: 2009-2011
Total investment capital: 927 VNDbn
Average sales price: 15-18mVND/m2
Project current status: successfully complete
Sales: complete in 2014.
Handover Apartment Ownership Certificate: from 2014
REPRESENTATIVE SUCCESSFUL PROJECTS
PROSPERITY, SUCCESS
3. Residential Area of Ward 2, Bac Lieu
Location: Ward 2, Bac Lieu City, Bac Lieu Province
Site area: 50.2 ha, Site coverage: 40%
Project type: Residential land lots
Project structure:
2,012 units of 203.375,9 m2
70,320 m2 of Commercial center and services
Total investment capital: 368 VNDbn
Profit margin: 40%
Average sales price: 2.2-2.5VND/m2
Project current status: complete successfully
Corporation scope:
Company level:
+ Holding NBB stocks through private placement: 4,6mil (~20,000VND/share)
Project level:
+ City Gate Towers
+ NBB III
+ NBB II
BUSINESS CORPORATION WITH CREED GROUP
PROSPERITY, SUCCESS
• Restructure financial structure, stabilize cash flow, ensure due financial obligations :
+ Extend & renew loans of 1,000 VNDbn, convert short-term loans into long-term loans
+ Continually arrange new credits plan in 2013 while all of the banking system is very limited lending to
the real estate business
+ Capital raising through:
- 2 stock issuances for existing shareholders (17.86mil shares in 2013, 17.86 mil shares in 2014)
- 1 issuance for strategic partner (4.6mil shares in 2014)
- Business corporation with strategic partner (Creed Group)
- Convertible bonds (10 USD mil in 2015)
enable NBB to implement business projects
• Restructure investment portfolio, concentrate on Real estate, divest some businesses that are not core
operations:
+ Da Den Hydroelectric Plant
+ BOT Rach Mieu Bridge
+ Titanium mine…
• Adjust design of real estate projects (NBB I, NBB III, City Gate Towers) with 70m2-apartments to focus on
mid-end segment because of rising demand for affordable apartments
• Focus on ongoing projects to finish investment & trading: NBB I, NBB III, City Gate Towers, Son Tinh (Quang
Ngai) & Thuy San Hill (Quang Ninh)
• Stock liquidity increases 4x due to dilution resulting from 3 issuances. Focus on investor relation.
PLAN OF ONGOING PROJECTS
PROSPERITY, SUCCESS
SALE PLAN OF ONGOING PROJECTS
Project Up to Y2015 Y2016 Y2017 Y2018 Y2019
Y2014
City Gate Towers 5% 20% 35% 40%
NBB I 5% 25% 40% 30%
NBB III 10% 20% 30% 40%
Son Tinh 15% 15% 20% 30% 20%
Doi Thuy San 5% 20% 45% 30%
TARGET
Unit: VND bn
Y2015 Y2016 Y2017
Revenue 250 400 600
Profit 60 100 120
SECTION 5
INVESTMENT HIGHLIGHTS
HIGHLIGHT
PROSPERITY, SUCCESS
COMPETITIVE ADVANTAGES
Termsheet (negotiable)
For other investment opportunities into NBB Company or projects, please contact Mr Mai Thanh Truc, CFO at
mttruc@nbb.com.vn
DISCLAIMER
PROSPERITY, SUCCESS
This presentation was prepared by 577 Investment Corporation. Certain statements contained herein are
forward-looking statements. NBB undertakes no obligation to publicly update or amend any of these
forward-looking statements, whether to reflect new information, future situations or otherwise.