gemadept corporation

2. 2 công ty 100% v?n Gemadept t?i Singapore & Malaysia 4 công ty khai thác c?ng trong nu?c : Phu?c long, Dung qu?t, Nhon h?i, Lê Chân (HP) 2 công ty liên doanh v? logistic Schenker & MBN 3 công ty liên doanh v?i nh?ng t?p doàn hàng h?i l?n OOCL, Hyundai, Sinokor 8 chi nhánh trong và ngoài nu?c 1 liên doanh xây d?ng c?ng nu?c sâu : Cái mép 1 công ty B?t d?ng s?n : Qu? c?u Vàng 2 công ty 100% v?n Gemadept t?i Singapore & Malaysia 4 công ty khai thác c?ng trong nu?c : Phu?c long, Dung qu?t, Nhon h?i, Lê Chân (HP) 2 công ty liên doanh v? logistic Schenker & MBN 3 công ty liên doanh v?i nh?ng t?p doàn hàng h?i l?n OOCL, Hyundai, Sinokor 8 chi nhánh trong và ngoài nu?c 1 liên doanh xây d?ng c?ng nu?c sâu : Cái mép 1 công ty B?t d?ng s?n : Qu? c?u Vàng

3. PAGE 16 : REVENUE BY DIVISION This chart show the revenue by division Contribution of Logistics and ICD/Port occupies good share of 65% from the overal and also same with Shipping business ( 29%) meanwhile that from initial business is less important by current market trend.PAGE 16 : REVENUE BY DIVISION This chart show the revenue by division Contribution of Logistics and ICD/Port occupies good share of 65% from the overal and also same with Shipping business ( 29%) meanwhile that from initial business is less important by current market trend.

4. PAGE 13: HUMAN RESOURCE Service quality can only be done by the contingent of staffs who are well equipped with high knowledge and professional skills. As a matter of fact it is remarkably increasing up to now with the total of 600 persons. Proudly to say 95 % of office staffs are university graduated ( BA ) and 10 management and staffs are post-graduated.They are the valuable force source to help the company achieve annual goal succesfully. Anyway English communication skill is a must in service activity and therefore English level is regularly upgraded with staffs ‘ English level of 500 Toeic scores at average( even higher than VNA) from 2006. Full attention will be paid to HR strategy which must be in line with Company business strategy to ensure the new projects professionally handled by qualified staffsPAGE 13: HUMAN RESOURCE Service quality can only be done by the contingent of staffs who are well equipped with high knowledge and professional skills. As a matter of fact it is remarkably increasing up to now with the total of 600 persons. Proudly to say 95 % of office staffs are university graduated ( BA ) and 10 management and staffs are post-graduated.They are the valuable force source to help the company achieve annual goal succesfully. Anyway English communication skill is a must in service activity and therefore English level is regularly upgraded with staffs ‘ English level of 500 Toeic scores at average( even higher than VNA) from 2006. Full attention will be paid to HR strategy which must be in line with Company business strategy to ensure the new projects professionally handled by qualified staffs

5. PAGE 5 : CONTAINER PORTS. Gemadept is well – known as Port operator when supplying all services relating to Ports , Cy under its own port network in Haiphong , Cailan ( in the North) , Vung tau , Binh duong , Phuoc long ( in the South ). Due to increase of cargo throughput in line with economic development , Traffic in Hcmc has got serious congestion that caused customers lots of inconvenience and cost in their import – export activity as well as Mlo ship handling, ICD Phuoc long was the prompt counter measure to overcome the situation when it was firstly founded in Vietnam since 1995 as an inland port , enabling to serve customers as sea port with extra advantages . Together with the presence of ICD Phuoc long a new technique of container handling came into being in 1996 . It was Mid Stream Operation to transport containers & cargoes between ports , buoys and other customers’ location by barge. This service was also successfully extended to Haiphong , Quang ninh and Mekong Delta area. ICD Phuoc long & Mid stream operation was the best solution for traffic congestion and fully supported then . Gemadept becomes the 2nd biggest container terminal operator in VietnamPAGE 5 : CONTAINER PORTS. Gemadept is well – known as Port operator when supplying all services relating to Ports , Cy under its own port network in Haiphong , Cailan ( in the North) , Vung tau , Binh duong , Phuoc long ( in the South ). Due to increase of cargo throughput in line with economic development , Traffic in Hcmc has got serious congestion that caused customers lots of inconvenience and cost in their import – export activity as well as Mlo ship handling, ICD Phuoc long was the prompt counter measure to overcome the situation when it was firstly founded in Vietnam since 1995 as an inland port , enabling to serve customers as sea port with extra advantages . Together with the presence of ICD Phuoc long a new technique of container handling came into being in 1996 . It was Mid Stream Operation to transport containers & cargoes between ports , buoys and other customers’ location by barge. This service was also successfully extended to Haiphong , Quang ninh and Mekong Delta area. ICD Phuoc long & Mid stream operation was the best solution for traffic congestion and fully supported then . Gemadept becomes the 2nd biggest container terminal operator in Vietnam

6. t? 2003, GMD b?t d?u m? r?ng sang ho?t d?ng v?n t?i du?ng bi?n. Ho?t d?ng này ...” GMD Container shipping only started up in 2003 and became a key business afterwards The main route is North/South at 80% of revenues, obtaining 35% market share on it” Gemadept, doing project cargo, as one of many businesses taking 30% market share “GMD specializes in ICDs with associated mid-stream operation. This system is designed to deal with extreme congestion” t? 2003, GMD b?t d?u m? r?ng sang ho?t d?ng v?n t?i du?ng bi?n. Ho?t d?ng này ...” GMD Container shipping only started up in 2003 and became a key business afterwards The main route is North/South at 80% of revenues, obtaining 35% market share on it” Gemadept, doing project cargo, as one of many businesses taking 30% market share “GMD specializes in ICDs with associated mid-stream operation. This system is designed to deal with extreme congestion”

7. PAGE 6: SHIPPING AGENCY Tramp Agency Service Before 1990 agency service was strictly monopolised by State – owned Agent. However since Gemadept broke the ice by their involvement in agency activity , the service quality of agency in Vietnam was improved quickly and remarkably. We provide agency service in all vietnam ports for all types of vessels : cruise ship , tanker , break-bulk ship… Container Liner Agency Since the year of open policy most of world leading carriers have come to Vietnam for business and that is the reason Gemadept Container Liner Agency is nominated by Principals to offer customers their global service. Among them are Hyundai , Oocl , Sinokor. Freight Forwarding Beside above shipping agencies , Gemadept is also the partner of world giant logistics providers namely Schenker , Birkart , Damco…to carry out freight forwarding business and activity upon supplying sea & air freight , cargo packing , consolidating , door to door services…PAGE 6: SHIPPING AGENCY Tramp Agency Service Before 1990 agency service was strictly monopolised by State – owned Agent. However since Gemadept broke the ice by their involvement in agency activity , the service quality of agency in Vietnam was improved quickly and remarkably. We provide agency service in all vietnam ports for all types of vessels : cruise ship , tanker , break-bulk ship… Container Liner Agency Since the year of open policy most of world leading carriers have come to Vietnam for business and that is the reason Gemadept Container Liner Agency is nominated by Principals to offer customers their global service. Among them are Hyundai , Oocl , Sinokor. Freight Forwarding Beside above shipping agencies , Gemadept is also the partner of world giant logistics providers namely Schenker , Birkart , Damco…to carry out freight forwarding business and activity upon supplying sea & air freight , cargo packing , consolidating , door to door services…

8. PAGE 6: SHIPPING AGENCY Tramp Agency Service Before 1990 agency service was strictly monopolised by State – owned Agent. However since Gemadept broke the ice by their involvement in agency activity , the service quality of agency in Vietnam was improved quickly and remarkably. We provide agency service in all vietnam ports for all types of vessels : cruise ship , tanker , break-bulk ship… Container Liner Agency Since the year of open policy most of world leading carriers have come to Vietnam for business and that is the reason Gemadept Container Liner Agency is nominated by Principals to offer customers their global service. Among them are Hyundai , Oocl , Sinokor. Freight Forwarding Beside above shipping agencies , Gemadept is also the partner of world giant logistics providers namely Schenker , Birkart , Damco…to carry out freight forwarding business and activity upon supplying sea & air freight , cargo packing , consolidating , door to door services…PAGE 6: SHIPPING AGENCY Tramp Agency Service Before 1990 agency service was strictly monopolised by State – owned Agent. However since Gemadept broke the ice by their involvement in agency activity , the service quality of agency in Vietnam was improved quickly and remarkably. We provide agency service in all vietnam ports for all types of vessels : cruise ship , tanker , break-bulk ship… Container Liner Agency Since the year of open policy most of world leading carriers have come to Vietnam for business and that is the reason Gemadept Container Liner Agency is nominated by Principals to offer customers their global service. Among them are Hyundai , Oocl , Sinokor. Freight Forwarding Beside above shipping agencies , Gemadept is also the partner of world giant logistics providers namely Schenker , Birkart , Damco…to carry out freight forwarding business and activity upon supplying sea & air freight , cargo packing , consolidating , door to door services…

9. PAGE 9 : PART II : GROWTH PROSPECTS Company and service size concern, Gemadept is known as the fastest growing company in Vietnam shipping . In fact the capital in 1993 is just Usd 0.4 million and now the 2005 equity is reaching Usd 36.6 million beside the high paid out dividend. Thanks to business prospect with lots of projects being deployed , Gemadept expects to maintain its growth rate in the next 3 years 15- 20% per year. Comparing with other companies of the same size Gemadept is one of the rare ones having market value of usd 200 millionPAGE 9 : PART II : GROWTH PROSPECTS Company and service size concern, Gemadept is known as the fastest growing company in Vietnam shipping . In fact the capital in 1993 is just Usd 0.4 million and now the 2005 equity is reaching Usd 36.6 million beside the high paid out dividend. Thanks to business prospect with lots of projects being deployed , Gemadept expects to maintain its growth rate in the next 3 years 15- 20% per year. Comparing with other companies of the same size Gemadept is one of the rare ones having market value of usd 200 million

10. PAGE 10: GROWTH OF REVENUE Looking at the revenue chart from 1993 to 2005 , it is actually an upward trend with initial revenue in 1993 of usd 1.0 million against usd 69.7 million in 2005 to maintain average growth rate 20% per year. However the sudden increase of revenue in 2004/2005 reflected the special growth rate of 35% thanks to the effective deployment of profitable container transport service PAGE 10: GROWTH OF REVENUE Looking at the revenue chart from 1993 to 2005 , it is actually an upward trend with initial revenue in 1993 of usd 1.0 million against usd 69.7 million in 2005 to maintain average growth rate 20% per year. However the sudden increase of revenue in 2004/2005 reflected the special growth rate of 35% thanks to the effective deployment of profitable container transport service

11. PAGE 11: GROWTH OF NET PROFIT Net profit in 2004 is not much different from 2003 due to no more tax reduction for the company since then . Since 1998( after Asian economic crisis) onwards Gemadept maintains the steady growth of net profit and becomes the most profitable Logistics-Shipping Company in Shipping industryPAGE 11: GROWTH OF NET PROFIT Net profit in 2004 is not much different from 2003 due to no more tax reduction for the company since then . Since 1998( after Asian economic crisis) onwards Gemadept maintains the steady growth of net profit and becomes the most profitable Logistics-Shipping Company in Shipping industry

12. PAGE 12 : OWNER EQUITY Within 13 years , owner equity has been increasing 91 times which is mainly arising from the source of retained profit and not from additional share in the market yet.In the future owner equity will be intentionally increased to cover the new project deploymentPAGE 12 : OWNER EQUITY Within 13 years , owner equity has been increasing 91 times which is mainly arising from the source of retained profit and not from additional share in the market yet.In the future owner equity will be intentionally increased to cover the new project deployment

13. PAGE 13: HUMAN RESOURCE Service quality can only be done by the contingent of staffs who are well equipped with high knowledge and professional skills. As a matter of fact it is remarkably increasing up to now with the total of 600 persons. Proudly to say 95 % of office staffs are university graduated ( BA ) and 10 management and staffs are post-graduated.They are the valuable force source to help the company achieve annual goal succesfully. Anyway English communication skill is a must in service activity and therefore English level is regularly upgraded with staffs ‘ English level of 500 Toeic scores at average( even higher than VNA) from 2006. Full attention will be paid to HR strategy which must be in line with Company business strategy to ensure the new projects professionally handled by qualified staffsPAGE 13: HUMAN RESOURCE Service quality can only be done by the contingent of staffs who are well equipped with high knowledge and professional skills. As a matter of fact it is remarkably increasing up to now with the total of 600 persons. Proudly to say 95 % of office staffs are university graduated ( BA ) and 10 management and staffs are post-graduated.They are the valuable force source to help the company achieve annual goal succesfully. Anyway English communication skill is a must in service activity and therefore English level is regularly upgraded with staffs ‘ English level of 500 Toeic scores at average( even higher than VNA) from 2006. Full attention will be paid to HR strategy which must be in line with Company business strategy to ensure the new projects professionally handled by qualified staffs

14. PAGE 17 : PART III PROJECTS Fully involving in shipping business from the very beginning , Gemadept definitely follows its development strategy on strengthening and developing the core business and business diversification.Our core business still includes Port operation – Shipping and Logistics with detailed plan to be followed in next pagesPAGE 17 : PART III PROJECTS Fully involving in shipping business from the very beginning , Gemadept definitely follows its development strategy on strengthening and developing the core business and business diversification.Our core business still includes Port operation – Shipping and Logistics with detailed plan to be followed in next pages

16. PAGE 22 : CAIMEP DEEP SEA CONTAINER PORT 2005 container throughput was reaching 3.5 million teus with the volume growth rate of 20% per year. None of Vietnam port is able to accept mother vessels calling and as a result ,a deep sea container port for mother vessels is badly required not only to save cost( 30%) but also to shorten transit time.The project of Caimep Deep sea container port is a prompt and effective solution for the market trend.PAGE 22 : CAIMEP DEEP SEA CONTAINER PORT 2005 container throughput was reaching 3.5 million teus with the volume growth rate of 20% per year. None of Vietnam port is able to accept mother vessels calling and as a result ,a deep sea container port for mother vessels is badly required not only to save cost( 30%) but also to shorten transit time.The project of Caimep Deep sea container port is a prompt and effective solution for the market trend.

17. PAGE 23 : CAIMEP DEEP SEA CONTAINER PORT Government Economic Development Plan already indentified the dynamic economic triangle : Hcmc – Dong nai – Baria/Vung tau where the major import-export volume will be getting through. Moreover the location of Vung tau is much preferrable and convenient for local and T/s cargo to/from Hcmc – U.s / North Asia / Australia / S.E & S.W Asia . Vung tau is finally chosen by Government upon JICA study and suggestion to build up a deep sea container port as the gate way for this area and Caimep port is included in the Government master plan group 5 with its schedule within 2006-2009. PAGE 23 : CAIMEP DEEP SEA CONTAINER PORT Government Economic Development Plan already indentified the dynamic economic triangle : Hcmc – Dong nai – Baria/Vung tau where the major import-export volume will be getting through. Moreover the location of Vung tau is much preferrable and convenient for local and T/s cargo to/from Hcmc – U.s / North Asia / Australia / S.E & S.W Asia . Vung tau is finally chosen by Government upon JICA study and suggestion to build up a deep sea container port as the gate way for this area and Caimep port is included in the Government master plan group 5 with its schedule within 2006-2009.

18. PAGE 25 : GEMADEPT – DUNG QUAT INTERNATIONAL PORT Dung Quat – being situated in Quang ngai Province of Central Viet nam is considered the gateway for this area . The development for this region is fully encouraged by Governement with lots of investment plans to be proceeded . This port will also serve im/ex cargo from the highland in consideration of prospective cargo volume of furniture , coffee, rubber…Dung quat will be fast developed with the restarting of building Oil refinery plant , Ship Building Factory, Steel factory( Taiwan) , Manufactured Complex( Korea ) together with the on-going industrail zones, promising a booming business in this area. In fact current port situation/infrastructure cannot meet market demand and the existence of Gmd – Dung quat port is the timely decision to play the role of Central Vietnam gateway. Locating on the 40 ha area ,upon completion Dung Quat port can accept max size of 30,000 dwt ship , heighten the capacity throughput to 2.5 million tons/per year . Investment capital for the project is usd 20million Restart of Dungquat refinery $ 3 Bil. Fast development of the Dungquat economic zone. Other projects : Tycoons $1 bil , Doosan $ 200 mil , Polystyren $51 mil “Gemadept-DungQuat International port” - gateway of Central part of VN. PAGE 25 : GEMADEPT – DUNG QUAT INTERNATIONAL PORT Dung Quat – being situated in Quang ngai Province of Central Viet nam is considered the gateway for this area . The development for this region is fully encouraged by Governement with lots of investment plans to be proceeded . This port will also serve im/ex cargo from the highland in consideration of prospective cargo volume of furniture , coffee, rubber…Dung quat will be fast developed with the restarting of building Oil refinery plant , Ship Building Factory, Steel factory( Taiwan) , Manufactured Complex( Korea ) together with the on-going industrail zones, promising a booming business in this area. In fact current port situation/infrastructure cannot meet market demand and the existence of Gmd – Dung quat port is the timely decision to play the role of Central Vietnam gateway. Locating on the 40 ha area ,upon completion Dung Quat port can accept max size of 30,000 dwt ship , heighten the capacity throughput to 2.5 million tons/per year . Investment capital for the project is usd 20million Restart of Dungquat refinery $ 3 Bil. Fast development of the Dungquat economic zone. Other projects : Tycoons $1 bil , Doosan $ 200 mil , Polystyren $51 mil “Gemadept-DungQuat International port” - gateway of Central part of VN.

20. Container Present fleet: 2,500 boxes Planned fleet: 15,000 boxes FLEET DEVELOPMENT PLAN PAGE 20 : FLEET DEVELOPMENT Container transport service is the effective business now with its market share trending upward .It is quite necessary for its future investment and development to purchase and build more ships to increase tonnage within 2004-2008 with invested capital usd 60-70 million (Purchase 5-7 container ships – build 2-5 new S2 ships/year). Also current container fleet ( 2,500 boxes ) will be invested to reach 15,000 boxes in the next 3 years ( 2008 ) PAGE 20 : FLEET DEVELOPMENT Container transport service is the effective business now with its market share trending upward .It is quite necessary for its future investment and development to purchase and build more ships to increase tonnage within 2004-2008 with invested capital usd 60-70 million (Purchase 5-7 container ships – build 2-5 new S2 ships/year). Also current container fleet ( 2,500 boxes ) will be invested to reach 15,000 boxes in the next 3 years ( 2008 )

21. PAGE 21 : SCHENKER – GEMADEPT LOGISTICS ( SGL ) This project was prepared few years ago and conluded both sides for installation now.Gemadept will contribute 40 % and Partner/Schenker 60% with the registered capital usd 5 million. This is the 1st Logistics JV in Vietnam to supply the most modern logistics warehouse for storing hi-tech goods under TAPA standard ( Technology Access Protection Association ) in the area of 10 ha. Actually such kind of service is rather new in Vietnam and will exclusively serve giant customers thanks to its adnvanced technology , modern facility and standard management procedurePAGE 21 : SCHENKER – GEMADEPT LOGISTICS ( SGL ) This project was prepared few years ago and conluded both sides for installation now.Gemadept will contribute 40 % and Partner/Schenker 60% with the registered capital usd 5 million. This is the 1st Logistics JV in Vietnam to supply the most modern logistics warehouse for storing hi-tech goods under TAPA standard ( Technology Access Protection Association ) in the area of 10 ha. Actually such kind of service is rather new in Vietnam and will exclusively serve giant customers thanks to its adnvanced technology , modern facility and standard management procedure

22. PAGE 26 : OFFICE BUILDING Following the golden rule of property investment : Location / Location and Location Gemadept has projected an A- Class building on Le Thanh Ton street -one of the central roads of the 1st District of Hcmc. This 22 storey building is located on the 1,500 m2 ground area , the market value of which is now usd 8 million ( almost triple the origin purchased price). The construction will start on 9 May, 2006 and complete in 3rd Quarter 2007 with construction cost of usd 15 million ( gross area 15,000 m2 )PAGE 26 : OFFICE BUILDING Following the golden rule of property investment : Location / Location and Location Gemadept has projected an A- Class building on Le Thanh Ton street -one of the central roads of the 1st District of Hcmc. This 22 storey building is located on the 1,500 m2 ground area , the market value of which is now usd 8 million ( almost triple the origin purchased price). The construction will start on 9 May, 2006 and complete in 3rd Quarter 2007 with construction cost of usd 15 million ( gross area 15,000 m2 )

23. includes : Shopping centre. Office for rent High class apartment. PAGE 27 : LELOI PLAZA Different form other property investors who trend to construct their building in the city suburb or surrounding districts , Gemadept Leloi Plaza( usd 45 –50 million invested ) is situated right in the city center on Leloi street – the central street of HoChiMinh city in compliance with the golden rule of location . The best view of this 35 storey building(3,600 m2 ground area) can be sighted from any places with the max height it can be .The project for multi – purpose utilisation as Shopping center , Office for rent , High class apartment will surely meet the market demand after the 2 year construction ( start from end 2006).PAGE 27 : LELOI PLAZA Different form other property investors who trend to construct their building in the city suburb or surrounding districts , Gemadept Leloi Plaza( usd 45 –50 million invested ) is situated right in the city center on Leloi street – the central street of HoChiMinh city in compliance with the golden rule of location . The best view of this 35 storey building(3,600 m2 ground area) can be sighted from any places with the max height it can be .The project for multi – purpose utilisation as Shopping center , Office for rent , High class apartment will surely meet the market demand after the 2 year construction ( start from end 2006).