NLG – Solid pipeline of projects ensures future growth.

■ Low recorded 3Q 2017 revenue given a paucity of new projects launched since the middle of last year
■ GPM surged on better product mix and sales of land
■ 9M YTD earnings almost fulfilled the 2017 target
■ Pace of sale has stepped up since 3Q 2017
■ Nguyen Son – the largest expected contributor to both top and bottom line for the next 3 years
■ Annual target is within reach
■ Hoang Nam project will be revalued in 2018
■ Prospective land bank acquisition could be a catalyst in 2018
■ 2018 earnings will grow even with conservative assumptions for Hoang Nam
■ IFRS compliance in preparation for planned overseas listing
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