#1PHATDAT CORPORATION Real Estate Development BEYOND THE LIMIT INVESTOR PRESENTATION NOVEMBER 2021 www.phatdat.com.vn Stock code: PDR#2DISCLAIMER PHATDAT CORPORATION Real Estate Development. This document and any related presentations have been prepared by Phat Dat Real Estate Development Corporation (HOSE: PDR) 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 presentation, you are agreeing to be bound by these restrictions. Any failure to comply with these restrictions may constitute a violation of applicable securities laws. This presentation does not constitute or form part of, and should not be construed as, an offer to sell, subscribe or issue or the recommendation or solicitation of an offer to buy, subscribe for or acquire securities of the Company or any of its subsidiaries or affiliates in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction or an inducement to enter into an investment activity. No part of this presentation, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. The information contained in these materials ("Information") has been provided by the Company or, with respect to market data, industry data, and other industry statistics, derived from public or third-party sources and has not been independently verified. No representation or warranty express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the Information or opinions contained herein and nothing in this presentation is, or shall be relied upon as, a promise or representation by the Company. It is not the intention to provide, and you may not rely on these materials as providing, a complete or comprehensive analysis of the Company's financial or trading position or prospects. The Information and opinions in these materials are provided as at the date of this presentation and are subject to change without notice. None of the Company nor any of its respective affiliates, advisers or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of these materials or their contents or otherwise arising in connection with the material. This document contains, and any related presentation may contain, financial information regarding the businesses and assets of the Company and its consolidated subsidiaries. Such financial information may not have been audited, reviewed or verified by any independent accounting firm. The inclusion of such financial information in this document or any related presentation should not be regarded as a representation or warranty by the Company, any of its affiliates, advisers or representatives or any other person as to the accuracy or completeness of such information's portrayal of the financial condition or results of operations of the Company and should not be relied upon when making an investment decision. The information contained herein is preliminary, limited in nature and subject to completion and amendment. All opinions and estimates included in this document speak as of the date of this document (or earlier, if so indicated in this document) and are subject to change without notice. Neither the Company nor any of its affiliates, advisers or representatives make any undertakings to update any such information subsequent to the date hereof. This document contains certain "forward-looking statements." All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those contemplated by the relevant forward-looking statement. Such forward-looking statements are made based on management's current expectations or beliefs as well as assumptions made by, and information currently available to, management. Caution should be taken with respect to such statements, and you should not place undue reliance on any such forward-looking statements. The Company does not undertake to revise forward-looking statements to reflect future events or circumstances, nor can it give any assurance that future events will occur, that projections will be achieved, or that its assumptions are correct. This document contains certain statistical analyses. Numerous assumptions were used in preparing the statistical information, which may or may not be reflected herein. The Company has not verified such information with independent sources. As such, no assurance can be given as to the statistical information's accuracy, appropriateness or completeness in any particular context; nor as to whether the statistical information and/or the assumptions upon which they are based reflect present market conditions or future market performance. The statistical information should not be construed as either projections or predictions or as legal, tax, financial or accounting advice. 2#3CONTENT 1 CORPORATE OVERVIEW 2 INVESTMENT HIGHLIGHTS 3 KEY FINANCIAL INDICATORS PHATDAT CORPORATION Real Estate Development 3#4PDR - AN OVERVIEW CAGR 51% PDR targets VND 14,270 million in cumulative profit before tax (PBT) for the period of 2019-2023, a CAGR of 51%. FLEXIBLE SALES STRATEGY Impressive speed of sales/project completion PIONEERING ENTERPRISE Adapting the motto of developing projects highly compatible with the local development directions, PDR is a pioneering developer in Binh Duong, Binh Dinh and Quang Ngai markets. DIVERSIFIED LANDHOLDINGS PDR advocates sustainable growth through diversifying its business lines (residential, industrial, township, mixed-use, high-rise, low-rise) and markets (Ho Chi Minh City, Da Nang, Binh Duong, BR - VT, Quang Ngai, Phu Quoc.) LOCAL INSIGHTS Apart from promoting properties' quality and influence, PDR diversifies its products by types that are well-suited to the specific needs of the majority of investors across the country. PHATDAT CORPORATION Real Estate Development. 4#5MILESTONES Inaugurated & handed THE EVERRICH INFINITY OY PLIST CAT Commenced construction of The EverRich Infinity in District 5, HCMC, the Increased charter capital to VND 2,018.1 billion Handed over Property Ownership Certificates to residents at The EverRich Infinity, Finalized all loans and bonds with bondholders and Dong A Bank, Won Top 10 Developers of BCI Asia Awards 2017, Won Best High End Condo Development of Vietnam Property Awards 2017 with The EverRich Infinity. Won auctions to develop Nhơn Hoi Ecotourism City (116.2 ha), Bac Ha Thanh project (55.7 ha), and the project at No.1 Ngo May St., Quy Nhon City, Binh Dinh Province, Increased charter capital to VND 3,276.58 billion, Invested VND639 billion to own a 3.73-ha land in Binh Duong, Reached VND 1,105 billion in pre-tax profit, exceeding the set milestone of VND 1,000 billion for the first time, Ranked 54th in FAST500 - Top 500 Fastest Growing Enterprises in Vietnam by Vietnam Report, Ranked 251st in VNR500 - Top 500 Largest Private Enterprises in Vietnam by Vietnam Report, Ranked 7th in Top 10 Best Annual Report, Large-Cap Group, by HOSE, HNX, and VIR Newspaper. 2019 PDR was established. Cooperated in investment and implementation of Trung Son Residencies Binh and Continued the construction of The EverRich 1 Expanded landbank for new projects in District 7, District 9, and Nha Be District, HCMC. VERRICH Completed and handed over EverRich The 1 to customers, Launched new brand. identity with new logo. and slogan. PHATDAT CORPORATION Real Feare Developmen over Phu Bridge, Commenced Thuần the construction of The EverRich 3 in District 7. HCMC. Awarded Top 10 Developers by BCI Asia Top 10 Awards. VERRICH 3 the Continued construction and Topping Out of Block C, The EverRich 2, Invested in infrastructure. and landscape features inside The EverRich 3, Inaugurated and put My Loil Bridge into operation Chanh District Sao Mai Apartments in District 5 HCMC. 2004 PHATDAT CORPORATION Real Estate Development. 2006 The EverRich 2, and handed over the apartments to its residents, the Commenced the construction of Millennium in District 4, HCMC, 2007 2009 2008 2010 Officially public became a Officially listed on the with the Commenced construction of The EverRich 1 in District 1 HCMC investment of VND 1,100 billion. THE EVERI ICHI company, increased charter capital to VND 1,298 billion Invested in resorts in Cam Ranh, Hoi An, and Phu Quoc, Joined partnership with Starwood Group and Marriott Group to set up The Westin Resort & Spa (Cam Ranh) and the Marriott Hotel (Hoi An) starwood Marriott Hostels Commenced construction of Thuan Bridge District 7, HCMC HOSE, Stock code: PDR. 2011 2012 2013 2014 2015 2017 2016 the Completed construction of Block C, EVER Commenced luxury construction the and THE RICH ICH 2 launched the show flats of The EverRich Continued construction 2. EverRich 2, the Completed Phu investment in Resorts MOTES BEIGI of The necessary and legal procedures to officially launch The EverRich 3 to market. the Commenced construction of the BOT- My Loi Bridge connecting Long An and Tien Giang. Completed the Topping Out of The EverRich Infinity, Completed and handed over the villas of The EverRich 3 to its residents, 2018 M MILLENNIUM Commenced the construction of technical infrastructure in Zone I Co Dai Village, District 9, HCMC, Completed and handed over The EverRich Infinity to its residents, Increased charter capital to VND 2,663.9 billion, Ranked 62nd in PROFIT500 - Top 500 Most Profitable Private Enterprises in Vietnam by Vietnam Report, Ranked 313th in VNR500 - Top 500 Largest Private Enterprises in Vietnam by Vietnam Report, 2020 Announced the adjusted profit before tax of the 5-year plan from 2019 to 2013, increasing it from VND11,850 billion to VND14,270 billion, which is equivalent to an increase in CAGR from 38% to 51%. Officially launched the industrial real estate segment with the first project at Cai Mep International Terminal (Ba Ria- Vung Tau). Internationally recognized when listed in 200 Asia's Best Under A Billion by Forbes Asia; and named Bronze Stevie Winner for Achievement in Growth The International Business Awards®, The Stevie Awards. 5#6LEADERSHIP BOARD OF DIRECTORS PHATDAT CORPORATION Real Estate Development Mr. NGUYEN VAN DAT BOD CHAIRMAN Founding shareholder and Chairman since 2004 Over 30 years experience in export- import and real estate development Ms. TRAN THI HUONG BOD VICE CHAIRWOMAN Joined PDR since March 2006 Over 35 years of experience in finance and accounting management Mr. NGUYEN TAN DANH BOD VICE CHAIRMAN Over 5 years of experience in real estate and investment fields Mr. LE QUANG PHỤC BOD MEMBER Over 20 years of experience in business management role and holding advisory position in major enterprises Mr. BUI QUANG ANH VU BOD MEMBER CUM CHIEF EXECUTIVE OFFICER Over 20 years of experience in business management & investment. Mr. DOAN VIET DAI TU NON-EXECUTIVE BOD MEMBER Over 30 years of working experience in financial consulting and investment fields Mr. KHUONG VAN MUOI INDEPENDENT BOD MEMBER Over 30 years of experience in Architecture A member of the Architect Association of Ho Chi Minh City Mr. TRAN TRONG GIA VINH INDEPENDENT BOD MEMBER Over 15 years of experience in Human Resource Management and Human Resources Development for foreign and Vietnamese enterprises Mr. LE MINH DUNG INDEPENDENT BOD MEMBER Over 20 years of experience in business management, marine business 6#7LEADERSHIP BOARD OF MANAGEMENT Mr. BUI QUANG ANH VU BOD MEMBER CUM CHIEF EXECUTIVE OFFICER Over 20 years of experience in business management & investment. PHATDAT CORPORATION Real Estate Development. Mr. NGUYEN THANH THAO VICE PRESIDENT - FINANCE Over 20 years of experience in accounting and financial management. Mr. DUONG HONG CAM VICE PRESIDENT - INVESTMENT Over 20 years of experience in real estate investment. Mr. NGUYEN DINH TRI VICE PRESIDENT - CONSTRUCTION Over 20 years of experience in construction management. 7#8STRATEGY SUSTAINABLE GROWTH BASED ON MULTI PILLAR SECTORS Under the 2021-2025 5-year plan, PDR's targets to become a top 5 property developer in Vietnam through 3 major business lines Residential Industrial Township Warehouse/ Logistics - To focus on urban redevelopment and new urban development opportunities - To provide and develop a diversified line of products and services, including: " High-end apartments (HCMC) Well-planned township (second-tier cities) Vacation properties (major tourist destinations such as Phu Quoc, Binh Dinh, and Ba Ria - Vung Tau) - To develop industrial parks and residential properties with modern infrastructure to capitalize on the wave of factory relocation to Vietnam - - - To mobilize resources from domestic and foreign investors and contribute to the socio-economic development, urbanization, and betterment of local working environment Focus on Southern and Central Coast of Vietnam, where PDR had successful initiation of its Nhon Hoi Binh Dinh project in Nhon Hoi Economic Zone - To acquire land bank in key economic zones, strategically located near international airports and seaports - To build industrial and logistics real estate of international standard that caters the leasing needs of international and local partners - To build a network of factories and warehouses, which can provide logistics solutions for different customers/ investors PHATDAT CORPORATION Real Estate Development. 8#9DIVERSIFIED LAND BANK AS THE FOUNDATION FOR SUSTAINABLE PROFIT GROWTH Da Nang Project Land Area (ha) Development PHATDAT CORPORATION Real Estate Development. Da Nang 535 Bach Dang 0.275 Residential Residential Ho Chi Minh City Project Land Area (ha) Development Quang Ngai Project Land Area (ha) Development Tran Hung Dao 0.23 Commercial Bo Bac Phan Van Dat 0.09 Commercial Quang Ngai 1 44.16 3,138.90 Dien Bien Phu 0.37 Mixed-used Phat Dat-Dung 1152.00 Residential Residential Industrial Thu Duc 0.79 Residential Project A Quat Industrial - Urban Complex Service Binh Dinh Project Land Area (ha) Development 3.13 Residential Nhon Hoi Ba Sang island 23.94 Commercial Bac Ha Thanh 116.19 43.16 Residential Residential Truong Dinh 0.17 Residential 39 PNT HQ Office 0.07 Commercial Phu Quoc Project Land Area (ha) Development Ham Ninh 138.85 Mixed-used Phu Quoc resort 40.61 Commercial Ham Ninh 59 Industrial Industrial Cluster Binh Duong Project Land Area (ha) Development -Ba Ria - Vung Tau Project Land Area (ha) Development Phuoc Hai 5.56 Residential/Commercial Astral City Binh Duong NTMK 3.73 4.47 Residential Residential Tropicana Poulo Condo 9.97 12.00 Residential/ Commercial Residential/ Commercial Tai Tien General Warehousing, Port Logistics 24 Industrial and Logistics Services 9#10|| INVESTMENT HIGHLIGHTS PDR's abbreviated success formula: Only focus on developing real estate projects at prime locations with proven legal compliance, clear prospects of profitability and swift cash flow "#11CUMULATIVE PBT TARGET AT VND 14,270 BILLION FOR 2019 - 2023 PROJECTS TO GENERATE REVENUE TO 2023 2019 2020 2021 2022 PHAT DAT BAU CA Quang Ngai PHAT DAT BAU CA Quang Ngai NHÂN HOI NEW CITY Binh Dinh ASTRAL CITY Binh Duong NHÂN HỎI NEW CITY Binh Dinh NHƠN HOI NEW CITY Binh Dinh 6,000 4,500 3,000 1,500 NHÂN HOI NEW CITY Binh Dinh Profit Before Tax (Bil VND) PBT CAGR 51% NHƠN HOI NEW CITY Binh Dinh 2023 Phuoc Hai Ba Ria - Vung Tau Bac Ha Thanh Binh Dinh Binh Duong NTMK Binh Duong 5700 3635 2335 1540 1105 0 2019 2020 2021 2022 2023 11#12Favorable Macro Environment Solid corporate governance accompanied by development strategy pivoting sustainable values A LEADING RESIDENTIAL PROPERTY DEVELOPER 1 Proven capacity in project development 6 2 6 across cities and provinces INVESTMENT HIGHLIGHTS Industrial township - a new 5 3 spearhead development 4 Robust financial health 12#13|| INVESTMENT HIGHLIGHTS 1. A LEADING RESIDENTIAL PROPERTY ■DEVELOPER 13#141.1 RESIDENTIAL REAL ESTATE AS THE CORE BUSINESS LINE Residential real estate is the mainstay of PDR's revenue and profit in the period of 2019-2023. Assessing the financial situation, legal progress and market demand, PDR plans "overlapping" projects to maintain sustainable growth. PHATDAT CORPORATION Real Estate Development. DIEN BIEN PHU, HCMC Location: Binh Thanh District, HCMC Area: 0.37 ha Type: High-class apartment ☐ Launch: 2024 Ham Ninh, Phu Quoc Astral City, Binh Duong Location: Thuan An City, Binh Duong Area: 3.73ha Quang Ngai Type: Launch: 4,966 high-class apartments 2021 Location: Phu Quoc, Kien Giang Area: Type: Launch: 138.85 ha Detatched house, villa, tourist apartment In the pipeline Bo Bac, Quang Ngai Location: Quang Ngai Area: 44.16 ha Type: Land lot & Shophouse Launch: 2024 Binh Duong HCMC Phu Quoc Phuoc Hai, Ba Ria – Vung Tau Location: Phuc Hai Town, Dat Do Commune Ba Ria - Vung Tau Area: Type: 5.56 ha Launch: Tourist apartment area 2022 14#151.2 PDR'S THREE PILLARS OF SUSTAINABLE GROWTH IN RESIDENTIAL SECTOR • • . URBANIZATION The urbanization strategy focuses on tier-2 cities with strong economic potentials and gradually develops these into metropolitans. PDR has had initial success in its first urbanization project. In 2019, PDR launched the project 'Nhon Hoi Binh Dinh,' which was well received by the market. Coastal cities/regions with high tourism and development potentials include Quang Ngai, Phu Quoc, Binh Dinh, Ba Ria-Vung Tau and Binh Duong province. URBANIZATION D URBAN RENOVATION NEW URBAN DEVELOPMENT PHATDAT CORPORATION Real Estate Development. NEW URBAN DEVELOPMENT • • • Acquiring land banks in key locations following urban development planning of major cities. The main focus will be on lands with clear legal records. PDR has had initial success in its first urbanization project. Strategies to develop mid- and high-end real estate products. URBAN RENOVATION . Redeveloping run-down buildings in prime locations and in new 'urban planning.' • These buildings will be redeveloped into high- . rise buildings targeting the high-end segment. Central locations, namely District 1, District 3, District 4, and Binh Thanh District. 15#161.3 HIGHLY RECOMMENDED PRODUCT QUALITY AND BRAND REPUTATION PDR's product quality and brand reputation are highly recommended in the industry. PDR has cooperated with international and local companies throughout development processes and thus has a track record of delivering projects on time. THE EVERRICH 1 PHATDAT CORPORATION Real Estate Development. SALES AND OPERATION ㅁ CBRE savills MAKYN MARRIOTT DESIGNING & CONSTRUCTION COTE CONS CENTRALⓇ BUILD TRUST CREATE VALUE RITAVŨ. DEVELOPMENT PARTNERS ITHAO DIEN DKRH INVESTMENT DANH KHỎI HOLDINGS Launch 10/2006 Expected handover 12/2009 Actual handover 11/2009 MILLENNIUM Launch 05/2016 Expected handover Q2/2018 Actual handover 06/2018 MASTERISE HOMES Creed CREED GROUP THE EVERRICH INFINITY ARTELIA archetype MEINHARDT AMA GROUP ARCHITECTS AND ENGINEERS Launch 01/2025 Expected handover 04/2017 Actual handover 11/2016 Z4 – NHON HOI NEW CITY Launch 10/2006 Expected handover 12/2009 Actual handover 11/2009 16#171.3 HIGHLY RECOMMENDED PRODUCT QUALITY AND BRAND REPUTATION ACHIEVED AWARDS BCIASIA AWARDS Vietnam Top 10 Developers VIETNAM TOP 50 PUBLIC COMPANIES KOHLER. presents PropertyGuru VIETNAM PROPERTY AWARDS TOP 50 VIETNAM BEST GROWTH FAST500 80 2021 PHATDAT CORPORATION Real Estate Development. Vietnam Property Awards Top 50 Vietnam Best Growth in 2021 BRONZE 2020 STEVIE WINNER INTERNATIONAL BUSINESS AWARDS VIETNAM TOP 10 PROPERTY DEVELOPERS REPUTATION AWARD 2021 50 TOP CHONG SAN ESCORPIONEE BHAYDAY 50 Top 50 Prestigious and Effective Best Residential Real Estate Developer Public Companies in 2021 Vietnam 2021 Top 10 most reputable property developers 2021 Vietnam’s 50 Best-performing Companies 17#18|| INVESTMENT HIGHLIGHTS 2. PROVEN CAPACITY IN PROJECT DEVELOPMENT ACROSS CITIES AND PROVINCES 18#192.1 SUCCESSFULLY EXPANDING INTO THE CENTRAL COASTAL MARKET NHON HOI ECOTOURISM CITY PHATDAT CORPORATION Real Estate Development This large-scale project is a contributor to changing the appearance of Quy Nhon. The development of Nhon Hoi Ecotourism City creates a new impetus for developing the economy, cultural tourism, and lifestyle of this dynamic city. PDR is one of the businesses that play a crucial role in the Nhon Hoi Ecotourism City project. Zone 2, Zone 4 and Zone 9 developed by PDR recently are the most prominent items in this huge project. Nhon Hoi Ecotourism City owns a prime location and convenient infrastructure thanks to arterial traffic routes and international flight routes, which will become a destination for investors and eternal-natural-value seekers. 44#202.1 SUCCESSFULLY EXPANDING INTO THE CENTRAL COASTAL MARKET NHON HOI ECOTOURISM CITY ZONE 2 Location Land area Total investment Prodduct area Products Time for selling Time for transfer National Route 19B, Zone 2, Nhon Ly Commune, Quy Nhon City, Binh Dinh Province. 360,908 sqm VND 9,123.5 billion 215,878 sqm 1,927 land lots, including 1,425 lots for attached house and 502 lots for attached shophouse 4Q2019 3Q2020 ZONE 4 Location Land area Total investment Prodduct area Products Time for selling Time for transfer National Route 19B, Zone 4, Nhon Ly Commune, Quy Nhon City, Binh Dinh Province. 341,594 sqm VND 7,495 billion 145,247 sqm 1,308 land lots, including 916 lots for attached house and 347 lots for shophouse; mixed-use apartment building. 2Q2019 3Q2019 ZONE 9 Location Land area Total investment Prodduct area Products Time for selling Time for transfer National Route 19B, Zone 9, Nhon Ly Commune, Quy Nhon City, Binh Dinh Province. 459,832 sqm VND 8,551 billion 283,595 sqm 2,406 land lots including 2,055 lots for attached house, 351 lots for villa and mixed-use apartment building 2Q2019 3Q/2020 4Q2020 PHATDAT CORPORATION Real Estate Development. 20 20#212.2 THE CORE OF A NUCLEI CITY ASTRAL CITY HUYỆN CU CHI Thoroughly invested and developed by PDR, Astral City has attracted market attention since its inception and is currently one of the most exciting projects for investors in Binh Duong and surrounding provinces. Astral City is a brand that features Binh Duong 1 Commercial enter and luxury apartment Complex and Binh Duong 2 Commercial center and luxury apartment complex. ĐỒNG SA Astral City provides a rich and lively living environment well-equipON with technical and social infrastructure. CHÙA BÀ THIÊN HẬU G BÌNH DƯƠNG 5-10 minutes Dong An Residence Binh Hoa Residence eHome 4 Residence VSIP 1 IP Dong An 1 IP Song Than IP Linh Trung 2 IP 15-20 minutes Hoa Lan Residence An Phu Residence Phu My Hiep Residence Vinh Phu 2 Residence VSIP IP Viet Huong IP Binh Duong IP Tan Dong Hiep A IP 30 minutes Suoi Tien Theme Park Thuy Chau Ecotourism Tan Son Nhat Golf Course Vietnam Golf & Country Club THÀNH PHỐ THỦ DẦU MỘT ĐẠI LỘ BÌNH DƯƠNG 01746 + BỆNH VIỆN COLUMBIA ASIA CỤM KCN BÌNH CHUẨN PHATDAT CORPORATION Real Estate Development MỸ PHƯỚC TÂN VẠN KCN ĐỀ VIỆT HƯỚNG AEON MALL LÀNG DU LỊCH LÁI THIÊU KCN SÓNG THẦN 2. KCN VSIP1 SẢN GOLF SONG BE QUẬN 12 TRUNG TÂM HÀNH CHÍNH TI. THUẬN AN En NGUYÊN VĂN TIẾT QUỐC LỘ 13 CẦU PHÚ LONG CÂU BỈNH CHƯỚC NGĀ 4 BÌNH PHƯỚC QUIA QUÂN CẦU BÌNH LỢI BÌNH THANH Λ DAI LO DOC LAP ASTRAL CITY LOTTE MART DT743B VINCOM KCN ĐÔNG AN OLLA PHAM VAN DONG QUÂN THỦ ĐỨC QLIK BỆNH VIỆN GÌ HẠNH PHÚC CHO LÁI THIÊU THÀNH PHỐ DI AN ĐỒNG NAI VŨNG TÀU QUẬN 9 3 BỆNH VIỆN ĐA KHOA THUẬN AN A BỆNH VIỆN GÌ BECAMEX 5. TRƯỜNG QUỐC TẾ MMVN 21#222.2 THE CORE OF A NUCLEI CITY ASTRAL CITY Land area Estimated investment Expected floor area for sales Products Binh Duong 1 Commercial & Apartment Complex 19,277.7 sqm VND 4,792.7 billion 175,127.43 sqm 2,475 apartments, shophouse, Mall, officetel Binh Duong 2 Commercial & Apartment Complex 18,066.1 sqm VND 4,827.3 billion 178,288.07 sqm 2,491 apartments, shophouse, officetel, etc. Launch 2Q/2021 Expected handover 4Q2022 2022 2023 PHATDAT CORPORATION Real Estate Development.#23II INVESTMENT HIGHLIGHTS 3. INDUSTRIAL TOWNSHIP A NEW SPEARHEAD DEVELOPMENT 992 23#24INDUSTRIAL REAL ESTATE DEVELOPMENT STRATEGY PDR'S THREE INDUSTRIAL PROJECTS EXPECTEDLY LAUNCHED IN 2023, TARGETING TECHNOLOGY, CONSUMER, PHARMACEUTICAL AND LOGISTICS COMPANIES PHATDAT CORPORATION Real Estate Development. PHƯỚC HOA TAI TIEN WAREHOUSE, PORT LOGISTICS, AND LOGISTICS SERVICES Ba Ria Vung Tau Location Area (ha) Туре 24 Expected launch 2022 Warehousing, Logistics, Container warehouse, rooftop solar farm DAU TIENG 1 & 4 URBAN - SERVICE - INDUSTRIAL AREA Da Nang City 360 Binh Duong 4,535 Industrial land, Warehousing, Logistic, Container warehouse, rooftop solar farm 2023 HOA NHƠN IP Industrial land, Warehousing, Logistics, Container warehouse, rooftop solar farm 2023 24 24#25SOUTHERN INDUSTRIAL PARKS MAJOR INFRASTRUCTURE IN HCMC AND NEARBY PROVINCES บว Binh Duong Dau Tieng 1 Project Ba Ria - Vung Tau Thi Vai - Cai Mep project 24 ha (Land Area) BINH DUONG BA RIA - VUNG TAU Both provinces are located in the key economic quadrangle including Binh Duong, Dong Nai, Ba Ria Vung Tau, and HCM City Connecting Ho Chi Minh City via Ring Road 3 30-40 km from Tan Son Nhat Airport • Connecting HCMC via National Route 51B • 80-85 km from Tan Son Nhat Tây Ninh Binh Duong Long An Bridge Ring Road Highway - Tp.HCM – Trung Lương Highway HCMC Ring Road 0...0 nemine 1 PHATDAT CORPORATION Real Estate Development Dầu Giây- Đà Lạt Highway " Dong Nai Tp.HCM – Long Thành – Dầu Giây Highway Long Thanh International Airport Bến Lức-Long Thành Highway=" Biên Hòa Vũng Tàu Highway Accessibility Airport • 80-100 km from Cai Mep • 10-15 km from Cai Mep 2021 International Terminal International Terminal 2023 23 Nguyen Huu Canh Str. Renovation 4 Ring Road 3 24 Nguyen Thi Thap Str. Renovation 15 Ha Noi Highway Expansion 5 Overview Population: 2.46 million • Area: 2,695 km2 • Provincial Thu Thiem 2 Bridge Population: 1.15 million 5 Nhon Trach Bridge • Area: 1.981, km2 12 Metro line 1 1 Ben Luc-Long Thanh Highway Competitiveness • • Provincial Competitiveness Index Index (PCI): 66.09 (6th) (PCI): 64.02 (21st) 2022 2024 2 HCMC – Chon Thanh Highway 3 Ring Road 4 6 Tthu Thiem 4 Bridge 9 Cat Lai Bridge • Active industrial Parks: 29 Average rent: 125 USD/sqm mechanical engineering, pharmacy, technology, advanced manufacturing. Active industrial Parks: 13 13 Nguyen Van Linh-Nguyen Huu Tho 25 Vam Cai Sut Bridge Average rent: 110 USD/sqm • Main industries: Electronics, metal and • Main industries: Petroleum, heavy Intersection 2025 metals, chemical industry, logistics. 18 Bien Hoa-Vung Tau Highway 19 22 Ring Road 2 20 HCMC-Moc Bai Highway Tan Son Nhat Expansion 25 Industrial Parks#26CENTRAL INDUSTRIAL PARKS MAJOR INFRASTRUCTURE PROJECTS IN THE CENTRAL KEY ECONOMIC AREA AND THE BIGGEST HEAVY INDUSTRIAL CENTER IN THE CENTRAL DA NANG Hoa Nhon Project 150ha (Land Area) บว Accessibility Overview Industrial Parks QUANG NGAI Dung Quat Project 1152ha (Land Area) Da Nang Economic Zone DA NANG • The city is located in the central key economic region Currently connecting to other cities via Da Nang International Airport and Tien Sa Deep Water Port. ⚫ The is expressway under construction and will be completed in 2021-2030 in phases. Population: 1.2 million Area: 1,285.4 km2 QUANG NGAI • The largest heavy industry center in the central region Dung Quat Industrial Township included in the Dung Quat Economic Zone is a magnet for FDI • A vital traffic hub with National Highway 1A, North-South railway, and Quang Ngai Da Nang expressway running through the province - Population: 1.3 million • Area: 5,135.2 km2 • Provincial Competitiveness Index (PCI): 70.12 (5th) • Provincial Competitiveness Index (PCI): 63.2 (36th) Bridge Ring Road Highway • Active industrial parks: 7 • Average rent: 95 USD/sqm • Main industries: Mechanical assembly, high-tech and advanced production Da Nang Tien Sa Sea Terminal CoLan Cham National 1A Highway Da Nang Quang Ngai Highway 3) Quang Nam Ky Ha Sea Terminal Dung Quat Economic Zone Quang Ngai PHATDAT CORPORATION Real Estate Development. 2021 2025 8 Cam Kim Bridge 7 National Road 14 Expansion 13 National Road 1 Expansion 9 Lien Chieu Sea Terminal 1 Da Nang Airport Expansion 2022 6 North South National Road 11 Western Ring Road 2024 2025-2030 • Active industrial parks: 8 Average rent: 75 USD/sqm 12 Western Ring Road 2 2 Ky Ha Sea Port Expansion 10 Tien Sa Port Phase 2 3 Tam Hiep Port Expansion • Main industries: Heavy industries 4 Chu Lai Airport Expansion 5 An Hoa Port Conversion 26 26#27II INVESTMENT HIGHLIGHTS 4. ROBUST FINANCIAL HEALTH 27#28INVESTMENT HIGHLIGHTS AMONGST THE LOWEST DEBT RATIOS IN THE REAL ESTATE INDUSTRY 80% 60.55% 60% 40% 20% 0% Total Liabilities/Total Assets 50% 40% 30% 20% Debts/Total Assets Il vin 10.92% 10% 0% PDR DXG NLG HDC HDG VHM KDH NVL PDR DXG NLG HDC HDG VHM KDH NVL Adjusted Liabilities/Total Assets (Exc E2,E3) 80% 60% 40% 20% 45.06% 5 3.96 4 3 2 1 EBITDA/Short-term Debt PHATDAT CORPORATION Real Estate Development. 0 0% PDR DXG NLG HDC HDG VHM KDH NVL 28 PDR DXG NLG HDC HDG VHM KDH NVL#29INVESTMENT HIGHLIGHTS DEBT OVERVIEW PDR focuses on restructuring debts from short-term to long-term with reasonable interest rates, taking advantage of international capital markets. Debt Structure (2019 - 3Q21) Debt structure shifting to long-term 2,500 BILLION VND 2019 2020 3Q21 2,000 Bonds 1,534.14 704.88 1,369.27 1,500 45% Bank loans 115.08 572.15 678.50 1,000 Other loans 522.68 621.78 100.00 500 TOTAL 2,171.90 1,898.80 2,147.77 0 2019 2020 26% Debts (Billion VND) (%) Long-term debts PHATDAT CORPORATION Real Estate Development 100% 76% 75% 50% 25% 0% 3Q21 29#30INVESTMENT HIGHLIGHTS HEALTHY CASH FLOWS AND LIQUIDITY RATIO Cash Flows 2000 1500 4 1000 3 500 3.14 0 2 Q4 2019 -500 Q1 2020 Q2 2020 QB 2020 Q4 2020 Q1 2021 Q2 2021 QB 2021 -1000 1 -1500 -2000 0 Q4 2019 Operating Activities Investing Activities ■Financing Activities 3.53 2.59 Current Ratio 2.99 2.5 3.25 2.81 PHATDAT CORPORATION Real Estate Development. 3.28 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 3000 2250 1500 750 Working Capital Position un coll 0 2016 2017 2018 Accounts Receivable 2019 2020 3Q 2020 3Q 2021 Deferred Revenue 30#31INVESTMENT HIGHLIGHTS PROFIT TARGETS Gross Profit & Gross Profit Margin 2,000 80% 1,800 1,600 1,200 800 400 0 2016 2017 2018 ht 2020 3Q 2020 3Q 2021 1,500 60% 1,200 40% 900 600 2500 2000 1500 1000 500 2019 Gross Profit (Bil VND) Gross Profit Margin (%) Profit Before Tax & PBT Margin EBIT & EBIT Margin 60% 45% 30% 20% 15% 300 0% 0 0% 2016 2017 2018 2019 EBIT 2020 3Q 2020 3Q 2021 EBIT Margin Net Profit & Net Profit Margin 100% 2,000 75% 1,600 1,200 50% 800 25% 400 0 0% 2016 2017 2018 2019 2020 2021E Profit Before Tax PBT Margin 0 2016 2017 اس 2018 Net Profit 2019 Net Profit Margin 2020 2021E 45% 30% 15% 0% PHATDAT CORPORATION Real Estate Development. 31#32INVESTMENT HIGHLIGHTS BALANCE SHEET OVERVIEW 20,000 15,000 10,000 5,000 800 600 400 200 0 2016 2017 Total Assets Net Inventories 11,921 12,000 2018 2019 9,000 6,000 3,000 0 2020 3Q 2020 3Q 2021 2016 2017 2018 2019 2020 3Q 2020 3Q 2021 Current Assets (Bil VND) Non-current Assets (Bil VND) Cash & Cash Equivalents Owners' Equity 7,762 8,000 6,000 4,000 290 2,000 0 0 2016 2017 2018 2019 2020 3Q 2020 3Q 2021 2016 2017 2018 2019 2020 3Q 2020 3Q 2021 PHATDAT CORPORATION Real Estate Development. 32 32#33|| INVESTMENT HIGHLIGHTS 5. SOLID CORPORATE GOVERNANCE FOR SUSTAINABLE DEVELOPMENT 33 33#345.1 THE IMPORTANCE OF TRANSPARENT AND EFFICIENT CORPORATE GOVERNANCE PDR selectively adheres to international standards for corporate governance reporting and sustainability reporting PHATDAT CORPORATION Real Estate Development. OECD ACMF G20/OECD Principles of Corporate Governance ASEAN Corporate Governance Scorecard Global Reporting Initiative™ GRI Standards for Sustainability Reporting 34 34#355.2 SOLID CORPORATE GOVERNANCE PDR's principles follow the OECD's in promoting effective governance and ensuring fairness for shareholders and stakeholders through a transparent disclosure mechanism. The responsibilities of the Board of Directors are assessed following the ASEAN Corporate Governance Scorecard. Compliance Professionalism Transparency Fairness PHATDAT CORPORATION Real Estate Development 1 Identifying the roles, responsibilities, structures and consistent BOD leadership 5 Ensuring the equal and fair rights of shareholders and investors at all levels Commitment 2 Targeting high growth yet also ensuring sustainability 6 Disclosing informatio in a timely and transparent manner 3 Fylly complying with applicable laws and business morality Efficiency 7 Proactively assessing all benefits, conflicts, threats, and risks 4. Protecting the stakeholders' related rights in harmony with PDR's benefits Establishing a supervision and reporting mechanism toward compliance and effectiveness 35#365.3 THREE PRINCIPLES OF SUSTAINABLE GROWTH STRATEGY Real estate development businesses can exert a significant impact on the natural-social environment and the life of the community in both positive and negative directions. PDR's commitment toward sustainable development is carried out on three principles: 1 . • RESPONSIBLE DEVELOPMENT All construction projects must deliver positive values to residents and the locality. Existing natural conditions and landscapes must be protected at the maximum level. Master planning, design, and architectural capabilities will be employed to create harmony between the two. Construction ratio/green space is ensured at an ideal proportion. Natural resources will be used effectively. Pollution is managed at pre-construction and during construction stages. New and modern techniques and technologies are chosen to minimize energy and natural resources consumption during project operation stages 2 • HUMAN CARE Creating living spaces which would bring long-term happiness ⚫ Taking care of our employees to have positive people who can create the best products • Creating and leading a positive and humane lifestyle for employees, customers, residents and the community. 3 COMMUNAL ASSISTANCE • PHATDAT CORPORATION Real Estate Cevelopment Supporting activities for those who face difficulties. Reducing hunger and poverty shall increase social stability. Paying attention to education, training, and providing scholarships for individuals who have goodwill, talent, and effort to help them change their lives and build the future, creating and spreading good values in future developments to the community. Sponsoring and joining hand in the healthy spirit and cultural activities, which are necessary for local residents, especially where PDR has business activities 36#375.4 PROACTIVELY STUDY NEW TRENDS AND COMPLY WITH ESG REQUIREMENTS FOLLOWING INTERNATIONAL PRINCIPLES In order to keep up with international development trends, PDR actively establishes its Sustainability Report based on the GRI standard. Along with business development, activities supporting PDR's actions toward the Sustainable Development Goals were compatibly expanded. Distributed Economic Value Unit: Billion VND SHARING BENEFITS Sharing economic values with stakeholders through practical contributions to the State budget, social community, taking care of employees' life, etc. Staff salary and benefits Payments to fund provider Payments to the state budget Investment for the community 108.08 23.05 319.97 17 PHATDAT CORPORATION Real Estate Cevelopment SUSTAINABLE DEVELOPMENT Recognizing the direct impact of real estate development activities on the environment, PDR advocates using alternative materials selectively and effectively, conforming to international trends on green constructions Ratio of replacement of baked bricks with light bricks/light partition plates Total Total Total Alternative Materials 2019 2020 2021 50% 55% 60% Ratio of use of manufactured wood (apartment flooring) to natural wood 100% 100% 100% Ratio of use of Led in replacement of flourescent and compact bulbs 90% 95% 100% 37#38|| INVESTMENT HIGHLIGHTS 6. FAVORABLE MACRO ENVIRONMENT 38#396.1 GOLDEN POPULATION STRUCTURE PROMOTES THE DEVELOPMENT OF RESIDENTIAL & TOURISM REAL ESTATE Vietnam's residential and tourism real estate market is backed up by the young population structure, the speedy urbanization gradually catching up with neighboring countries, and the growing middle-income class. Specifically, Vietnam has a golden population structure, with about 70% of the population under 45 and more than 1 million people adding to urban areas each year. Vietnam Population Pyramid (2020) Urban Population & Urbanization Rate (2015-2020) 100+ 0.0%0.0% 95-99 0.0% 0.1% 90-94 0.1% 0.2% 85-89 0.2% 0.4% 80-84 0.3% 0.6% 75-79 0.4% 0.7% 70-74 0.7% 1.0% 65-69 1.4% 1.7% Population Structure by Income (2012 & 2020) Population 33.8% 34.5% 35.2% 35.9% 36.6% 37.3% 97.3 million 88.6 million 36.82 35.33 34.32 33.31 32.31 31.33 10.2 Affluent 2.6 CAGR% 2012-20 9.8 22.5 Middle 12.9% 60-64 2.1% 2.4% 55-59 2.6% 2.8% 23.6 50-54 3.0% 3.0% 45-49 3.4% 3.4% 2015 2016 2017 2018 2019 2020 40-44 3.6% 3.6% 35-39 Urbanization rates by ASEAN countries (2020) 4.0% 4.0% 30-34 4.4% 26.4 Emerging 18.7 4.3% 25-29 4.5% 4.3% 20-24 3.6% 3.4% 15-19 3.5% 3.2% 16.2 Aspirant 10-14 3.8% 3.5% 5-9 4.1% 3.7% 0-4 4.3% 3.8% -6.0% -4.0% -2.0% 0.0% 2.0% 4.0% 6.0% 100% 77.2% 56.6% 33.9 20.8 Poor Female Male 51.4% 47.4% 2012 2020 37.3% Source: GSO, WorldBank Data Fact Book, BCG - Vietnam and Myanmar (Southeast Asia's New Growth Frontiers) PHATDAT CORPORATION Real Estate Development. 39#406.2 KEY INDUSTRIAL AREAS WITH HIGH VACCINATION COVERAGE Key industrial areas such as Ho Chi Minh City, Hanoi, Binh Duong, Dong Nai, and Long An have a high vaccination coverage compared to the whole country. This is a premise for expanding labor and goods transshipment activities, thereby removing supply chain bottlenecks and increasing operating capacity in industrial zones. Total number of people vaccinated Insufficient dose Fully vaccinated 7/3 As of 31/10/2021 Vaccination Coverage (%) 32,7M 100% 75% 24,3M 50% 6/5 5/7 2/9 31/10 25% PHATDAT CORPORATION Real Estate Development. 0% HCMC Ha Noi Long An Binh Duong Dong Nai 2 doses (%) 1 dose (%) As of 29/10/2021 Source: The Health Ministry 40 40#416.3 SOUTHERN IZS ARE THE DRIVING FORCE BEHIND VIETNAM'S ECONOMY Vietnam has 4 Key Economic Zones (KEZs) in 24 provinces. In 2020, the southern and central economic zones contributed to 46.4% of the country's GDP and 60.4% of the total GRDP of the 4 KEZS. 62 Industrial Parks • 1 High Tech Park Hanoi Northern KEZ • 5 Export Processing Zones 18 • 68 Industrial Parks • 1 High Tech Park Central KEZ • 6 Export Processing Zones 117 Industrial Parks gur Trong Svay Riêng ក្រុង ស្វាយឡើង Binh Long OL14 Bao l Tây Ninh $80 - $105 Tây Ninh Bình Dương $90 - 160 Đồng Nai $95-$200 Krong Beet ingl Long An $110 - $250 Ton An ở Cao Lãnh CTO1 9 My Tho OL Mekong R THỦ DẦU MỘT Ho Chi Minh City HCMC $150 - $300 Bien Hoa BR-VT $60 - $160 Industrial land supply and occupancy rate Vung Tau RITA OLSS QL58 La Gi *Rent is quoted on USD/sqm/remainder sublease term (exclusive of Management Charge & 10% VAT) E • 3 High Tech Park 12,000 Southern KEZ 4 Export Processing Zones 100% 90% 10,000 80% 70% 8,000 60% 또 6,000 50% • 55 Industrial Parks 40% 4,000 Mekong Delta KEZ 1 High Tech Park 2,000 11111 30% 20% Occupancy rate 10% 0 0% Binh Dong Duong Nai Long An HCMC Hai Bac Ninh Phong Ha Noi Hai Hung Yen Duong Total industrial land area (ha) ■Total land area for rent (ha) Occupancy rate PHATDAT CORPORATION Real Estate Development. 41