GEMADEPT CORPORATION

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GEMADEPT CORPORATION
Your One-Stop Shipping Link in Vietnam
Growth
Projects
Corporate Profile
CONTENT
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GMD Overview

• Established in 1990 as a state-owned company.
• Privatized in 1993.
• Leading company in Vietnam shipping service
  field.
• Full Vietnam coverage Sin, Malaysia, Cambodia

Gemadept operates in all shipping areas and is
Vietnams unique Full-service provider
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GEMADEPT GROUP
4 Port Operation Companies
Ship manag-ement
1 Property Company
Shipping
1 Deep Sea Container Port JV
2 Logistics JV
Industry
Port
3 Joint-ventures with MLO
Logistics
Agency
2 Overseas Susidiaries
9 Branches (including 1 overseas)
Property
Finance
8 Affiliates in Finance, Banking and Production
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GMD Breakdown of sales
Shipping , Inland Transport Ship management
2006 Performance
Revenue is expected to grow by 2.5 3 times.
2012 Forecast
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Shareholder structure
Top 6 shareholders
Stock code GMD 1st trading 22 /Apr
2002 Total shares 47.5 Mil

• State (Vinalines) 16.9
• DC Fund 15.4
• KITMC Fund 5.1
• Deutsche Bank 4.9
• Citigroup 3.6
• Merrill Lynch 2.0

GMD Price Volume
Foreign Room 0
FII 49
Public 17.1
Internal 17
State 16.9
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Scope of Business
Port I.C.D

• North Cai Lan, Hai Phong,
• South Sai Gon, Binh Duong, Vung Tau

Customers ...

• Stevedoring service, mid-stream operation.
• Warehouse 10 ha, number one in coffee bonded
  warehouse.
• Depot 20 ha - 15,000 teus capacity.
• Reefer Container Service.
• Authorized Service Center for Carrier
  Transicold, Thermo King, Daikin.

Warehouse
Depot
Your One-Stop Shipping Link in Vietnam
Ports
Shipping lines...
Ports
Midstream
ICD
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Scope of Business
Transport

• CONTAINER TRANSPORT
• 3 service routes
• North-South HCMC-Cambodia HCMC-CanTho
• Future Intra-Asia service

• SHIP MANAGEMENT
• Ship sale purchase, chartering
• Ship and crew management

PROJECT CARGO TRANSPORT Transport of OOG and
general cargo by heavy-duty transport equipments.
Second biggest provider in Vietnam. INLAND
CONTAINER TRANSPORT Biggest container truck
fleet in VN 150 truck-heads and 250 chassis
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Scope of Business
Shipping Agency Services
Gemadept has full agency services that provide
essential back-up to port business and is a very
lucrative operation for the company
TRAMP AGENCY Husbandry agency at all Vietnamese
ports for all types of vessels
LINER AGENCY General agent for World leading
MLOs HYUNDAI,SINOKOR, OOCL, MISC
FREIGHT FORWARDING Partner of Schenkers, Birkart
over 40 intl Freight Forwarders
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Scope of Business
Property Finance
Gemadept in CLSA Investors Forum - Hongkong Sep
06

• 1996 Started property investment
• Invested locations in Hochiminh City
• Le Thanh Ton Dist.1 Under construction
• Le Loi Plaza Dist.1 Ready for construction
• Airport office in operation
• Offices
• Ha Noi, Can Tho, Vung Tau, Da Nang,
• Quy Nhon

• Financial investments
• Vung Tau Commercial Port 23
• Le Chan Port 30
• Vinh Hao Mineral Water 30
• Potraco 38
• Nam Viet Bank
• Vietnam Asia Bank
• Maritime Bank
• Some kinds of shares

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PART II GROWTH PROSPECTS
The fastest growing company in VIETNAM shipping
As a player on export-led growth in Asias newest
Tiger, and one of the top-10 listed stocks, GMD
has obvious appeal. Indeed it has already
attracted a substantial investor following. But
the story is far from out-running itself because
the company is moving very dynamically into the
future

• 1993 capital 0.4 Mil
• High paid out dividend
• 2006 equity 39.7 Mil
• (by accrued retained earnings)
• Share Premiums 83.3 Mil.
• ( Jun07 Owner equity 133.5 Mil.)
• Market Cap 400 mil

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Growth of Revenue

• Breakthrough in revenue growth since 2004
• Since 2005, GMDs revenue has exceeded VND 1,000
  Bil

39 CAGR
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Growth of net profit

• The most profitable in Vietnamese shipping.
• Profit in the last 4 years 2003-2006 (VND 505
  Bil)
• is higher than previous 11 years 1993-2003
  (VND 466 Bil).

35 CAGR
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Growth of owners equity
346 times increased in 14 years from 1993 to Jun
2007
OWNERS EQUITY 119.5 Mil
VND 6.2 Bil VND 2,150 Bil
42 CAGR
SHARE PREMIUMS 83. Mil
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Human resource
- 95 of office staffs are B.A - Average TOEIC
score 500
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PART III GEMADEPT INTO THE FUTURE
DEVELOPMENT STRATEGY

• Strengthen and develop core business
• Port, Shipping, Logistics
• Business diversification

MAJOR PROJECTS
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Gemadept Port Development Plan
Vietnam Current Port System
Total about 90 ports, most in rivers No
port for ship over 50,000 DWT,10 m draft 2006
container volume 3.4 Mil Teus, increases
about 20 per year. Containers transshipment
via HK, SIN, TWN Deep sea port for mother
ships required. Direct call saves 30 of ocean
freight
Lechan Port Haiphong
GMD Dungquat Intl Port
GMD Nhonhoi Intl Port
Gemadepts Port System
Vietnams 3rd biggest container throughput
Plan to develop port system along Vietnams
coastline, at dynamic economic zones
Caimep Deep Sea Port
PhuHuu Port - Dongnai
ICD PhuocLong Port
Vung Tau Commercial Port
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CAIMEP DEEP SEA CONTAINER PORT
CAI MEP VUNG TAU

• The prime location ideal geographical features
  - 16m depth
• Right on International navigation routes
• In dynamic economic area, handling 70 container
  volume of Vietnam
• Caimep port complex belongs to Government master
  plan.
• Total 5 container terminals 2 Saigon Port, ODA
  port, Navy port, Gemadept

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CAIMEP DEEP SEA CONTAINER PORT
PARTICULAR

• Total area 74 ha
• 3 berths with length 1.1 km for mother ships
• 2 berths with length 400 m for feeder ships
• Depth at berth 16 m
• Ship size 80,000 DWT
• Capacity 1 mil teus (phase 1)
  
• 1.5 mil teus (phase 2)
• Investment capital 410 mil.
• JV with worlds leading MLOs
• Project schedule 2006 2010

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GEMADEPT DUNGQUAT INTL PORT
Particular

• Oil refinery factory in 2008
• Fast development of the Dungquat
• economic zone with big projects.
• Gemadept-DungQuat International port
• gateway of Central part of VN.
• Ground Breaking Ceremony on 15 July 06
• Expected operation Mar 2008

• Total area 30 ha
• 2 berths with length 300 m
• Ship size 30,000 DWT
• Capacity 2 mil tons/ year

Investment Capital

• Investment capital 36 Mil
• Gemadept - 55, BIDV-11 Other - 34

Special investment incentive!
Ground-breaking ceremony
Construction site
Port model
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GEMADEPT NHONHOI INTL PORT

• Binh Dinh Province
• 12/2006 completed biggest bridge across the sea
  
• Started construction Industrial park 630ha at
  Nhon Hoi

• Gemadept Corporation
• 4/2007 - Established joint stock company (GMD
  55 shares)
• 7/2007 Received Investment License for the
  Port project

• Port Particular
• Total area 120 ha,
• Investment capital 230 Mil
• 1st phase (2007-2010) 60 ha,
• 2 berths - 480m for 30,000 DWT ship
• 2nd phase (2011-2020)
• 10 berths 2,117m for Container general cargo
  ships.

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FLEET DEVELOPMENT PLAN

• Target
• Own a vessel fleet under Gemadepts brand-name
• Provide domestic and ocean services in Asian
  region
• Plan in 2003-2008
• Purchase 5-7 container ships (capacity 500 1,500
  teus/ship)
• Build 2-5 new S1 ships/year
• Investment capital 60-70 Mil

- Bought 5 ocean container ships - Built 9 S1
container ships
Achievement as of 08/2007

• Container
• Present fleet 2,500 boxes
• Planned fleet 15,000 boxes

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LOGISTICS DEVELOPMENT

• Target
• Build the most modern logistics warehouse system
  in Vietnam
• Transfer and operate Logistics technology
• Supply chain management service for giant
  customers Intel, Nike, Adidas Wal-mart and local
  entrepreneurs
• Achievement
• Schenker Gemadept Logistics Vietnam (SGL)
• GMD 49, Schenker worlds 2nd biggest
  logistics provider - 51
• Investment capital 5.5 Mil

Logistics is key support operation for
ports, covering storage, transport and
distribute cargoes
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OFFICE BUILDING 1
Maritime Trading Center
A CLASS -OFFICE BUILDING.

• Ground area 1500 m2 (16,145 sq feet)
• Net book value 3.5 mil
• current market value 15 million.
• 22 storey office building.
• Gross area 20,000 m2 (2,152,782 sq feet)
• Construction cost 17 mil.
• Construction started 06 Jun, 2006
• Expected operation Mar, 2008

Prime location in HCMC. 2-4-6 Le Thanh Ton St,
Dist 1.
Maritime Trading Center will consolidate GMD
offices, saving on rent and also providing an
income stream
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OFFICE BUILDING 2
LELOI PLAZA
Prime centered location in Dist 1, HCMC.
Ground area 3,600 m2 (38,750 sq feet)
Particular 35 stories 50,000 m2 (5,381,955 sq
feet)

• includes
• Shopping centre.
• Office for rent
• High class apartment.

Investment capital 50 mil.
Schedule 2006-2009
Real estate a non-core business, new but with
real potential, where GMD is not speculating but
responding to unusual opportunities
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GEMADEPT CORPORATION
THANK YOU VERY MUCH http//www.gemadept.com.vn