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Introducing

Dreamplex
The Coworking “Space for Success” for
Companies & Entrepreneurs Across Vietnam
Dreamplex: In Summary
1. Coworking in Vietnam is increasingly popular,
and demand outstrips supply
2. Dreamplex is a first-mover with a unique
proposition that fits the market demand
3. Compared to our competition, we offer better
value, unique member experience and an unfair
real estate advantage
4. We have already achieved location-level
profitability
5. Our projections indicate a potential >$40M in
revenue, >$17M EBITDA, at 26 locations
6. Our experienced team will get us there
7. To fuel our intended growth, we are now raising
$12 - $15M
Dreamplex Dien Bien Phu
Binh Thanh District, HCMC

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Coworking Space Expansion in Vietnam Has Just Begun
Coworking in Vietnam will continue to experience rapid growth in the coming years

The coworking market in Vietnam


accounts for about 3% of the total office
rental market, which is still lower than
the ratio of 5% seen in other regional
markets. It is expected to reach 10-15%
over the next five years.
-- Vietnam Investment Review, August 2, 2018 --

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Source: CBRE Vietnam, 2017 and Vietnam Briefing
Coworking is a Large & Growing Market Opportunity
Vietnam’s >500,000 SME and startup segment is driving demand

Dreamplex Trang Quang Khai


District 1, HCMC

SME and startup segment is growing. Vietnamese companies are increasingly


Increasing In 1H 2019: 54,000 new enterprises
Changing seeking more flexible solutions as well as
Demand registered (>$28B registered capital). Workspace collaborative, community- oriented
Highest in 5 years, up over 29% YoY. Needs workspaces.

Source: CBRE Vietnam, Vietnam General Statistics Office, Vietnam Images: Dreamplex Tran Quang Khai, D1, HCMC 4
Ministry of Finance
Coworking Delivers Big Cost Savings & Flexibility

Dreamplex Tran Quang Khai


District 1, HCMC

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*Source: Vietnam Ministry of Finance
Founded in 2015,
Dreamplex is the First
& Leading Coworking
Solution in Vietnam
We support our members to be more productive in
their work, more engaged in their workplace, and
more fulfilled in their lives.
Dreamplex is a “Space for Success” for teams of 1
to 100+.
President Obama at Dreamplex, 2016 6
Four Central Locations,
Over 7,800m2 and Growing
Ho Chi Minh
• Nguyen Trung Ngan, Q1, 1,368 m2
• Dien Bien Phu, Q BT, 1,350 m2
• Tran Quang Khai, Q1, 1,711 m2

Dreamplex Thai Ha Dreamplex Nguyen Trung Ngan


Dong Da District, Hanoi District 1, HCMC Hanoi
• Thai Ha, Q Dong Da, 3,413 m2
(under construction)

Community Event Space


• Dreamplex Auditorium, Dien Bien
Phu, Q BT, 225 m2
• A 230-seat state of the art
auditorium and event space where
we’ve held over 190 events
Dreamplex Auditorium, Dien Bien Phu
Binh Thanh District, HCMC 7
Dreamplex has Achieved Profitability & is Rapidly Growing

Mature Locations
are Profitable! 1 5-19
G R , 20
Locations open >1 year
% CA
are generating positive
EBITDA 135

Projected 8
Strong Revenue Base from Over 130 Corporate Customers
76% of Dreamplex’s revenue is from stable and longer-term private office rentals (>6 mo avg duration)

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Superior Facilities, Attractive Benefits, Engaging Culture & More...
Dreamplex has a superior offering designed for the millennial workforce in Vietnam

Flexible, Modular Benefits with Vibrant Culture &


Designs Membership Community

Glass office clusters with Health insurance* and choice of Engaging events, activities and
demountable interior walls for meals, transportation, gym, professional/personal
flexible configuration. Private entertainment, education and development opportunities to
offices for teams of four to over more benefits included with interest and retain our members
50 can be instantly configured. membership

Images: Dreamplex Tran Quang Khai & Dreamplex Nguyen Trung Ngan, D1, HCMC
*International health insurance provided exclusively to Dreamplex through Willis Towers Watson and PTI 10
Only at Dreamplex: SuccessLab
A dedicated effort and team focused on creating a fantastic workplace experience for members and
supporting SMEs to improve their employee retention differentiates Dreamplex from other coworking players

We provide:
Dreamplex’s culture, community, and engagement efforts ● Connection & Fun:
solve a HUGE challenge for growing companies: Networking, meet-ups and
social lubrication to make
coming to work more
interesting
● Training & Mentorship:
Individual and group
85% of employees 81% of employees 40% lower coaching through
are not engaged in would consider employee turnover large-scale events and
their work or leaving their at companies with one-on-one sessions
workplace company today high engagement
● Benefits & Perks: Value
that goes beyond the
workplace, like health
insurance, transportation,
entertainment, meals, and
more...
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Source: Gallup - State of the Global Workplace; Hays - What People Want Survey
The TTG Partnership & Pipeline Advantage
We have an “Unfair Advantage” through our connection to leading real estate developer Trung Thuy Group

Established in 1995, TTG is among the most


successful real estate developers in Vietnam,
known for its high quality projects.

Dreamplex was founded by TTG Holding CEO Tín


Nguyễn and incubated as a subsidiary until spun out
in 2019.

Dreamplex enjoys a cooperative, supportive


partnership and derives significant advantage over
its competitors with:

• A solid, predictable pipeline of projects


• Favorable extended lease terms
• Real estate development expertise
• Early access to locations allows for
customized, tailor fit designs for superior
member experience
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The Dreamplex - TTG Pipeline
Putting our “Unfair Advantage” to use, over 15,000 additional m2 already secured

INNOVATION TOWER TTG LANCASTER LUMINAIRE TTG LANCASTER LEGACY TTG LANCASTER LINCOLN
Hanoi, Q Dong Da Hanoi, Q Cau Giay HCMC, Q1 HCMC, Q4
3,413m2 ~5,000m2 ~5,000m2 ~5,000m2

2020 2021 2022 2023 13


Our Flexible Business Model Lowers Risk, Accelerates Growth
Multiple commercial arrangements already in place lowering Cap Ex and mitigating risk

Standard Market Profit Share Management Fee


Terms / Rent Arrangement Arrangement

• Dreamplex pays for • Landlord and • Landlord pays for TI


TI and CapEx Dreamplex share TI and CapEx
and CapEx
• Dreamplex pays • Dreamplex manages
market rent and all • There is a profit split property for a fee
costs. between Landlord
and DreampLex
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Dreamplex Provides Superior Value, Experience & Flexibility

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Building from a Solid Foundation
Achieved profitability, poised for expansion

Dreamplex Founded Dreamplex achieves Seed Round II Series A


with ~$850,000 profitability ~$1,000,000 Capital Raise

1st Location Open 2nd Location Open 3rd Location Open 4th Location Open
Nguyễn Trung Ngạn Điện Biên Phủ Trần Quang Khải Thai Ha (Hanoi)

Auditorium Acquired
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Target Growth to 26 Locations, > 84,000m2, by 2024
Replicating our successful approach nationwide

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Successful Entrepreneurs with an Excellent Track Record
The Dreamplex Leadership Team creates additional advantage

Nguyễn Trung Jonah Levey Steve Jones Trần Thị Thuý Joe Black Daan van
Tín Kiều Rossum
Founder & Chairman CEO CFO/COO Sales & Marketing Member Operations Director, Dreamplex
Director Director SuccessLab
Experienced Serial Entrepreneur 3 Prior
Angel Investor & Investor Start-Ups Former Head of Brand Experienced Expert Community
& Marketing, Standard Entrepreneur Builder & Founder of
CEO, Trung Thuy Founder & CEO, Former CFO/COO, Chartered Bright
Group VietnamWorks VietnamWorks Former Operations
(Acquired by en-japan Former Marketing Director, Christina’s Former Strategy &
Forbes 30 Under 30 Executive, Vietnam Innovation Director,
2015)
VietnamWorks Ogilvy

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We are Raising $12,000,000 to Accelerate Growth
Use of Funds Amount

New Location Build-Out


To acquire long-term leases, perform tenant improvements, $ 10,250,000 *
buy furniture, fixtures & equipment, & install technology.

Infrastructure Support 200,000


Investment in project development staff to manage the new
location expansion.

Working Capital
Selling, marketing and general administrative expense for the 1,550,000
new & current locations

Total Use of Funds $ 12,000,000

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* $6,000,000 available via bank debt. We are open to replacing bank debt with private debt component of current fundraising round
Traction & Future Projections
Financial statement in US$ thousands

2016 2017 2018 2019 2020 2021 2022 2023 2024


Locations 1 2 3 4 8 13 19 26 26
SQM 1,368 2,718 4,429 7,842 16,842 33,092 54,092 76,592 84,592
Members 204 477 756 1,144 2,644 5,519 9,894 14,644 17,144
Annual Revenue / Member $ 1,848 $ 1,851 $ 1,633 $ 1,944 $ 2,383 $ 2,525 $ 2,615 $ 2,658 $ 2,663
REVENUE
• Memberships $ 345 $ 765 $ 1,125 $ 1,862 $ 3,652 $ 8,826 $ 17,560 $ 27,915 $ 37,534
• Services $ 32 $ 118 $ 137 $ 363 $ 405 $ 1,203 $ 2,859 $ 4,926 $ 6,624
Total Revenue $ 377 $ 883 $ 1,262 $ 2,225 $ 4,057 $ 10,030 $ 20,418 $ 32,841 $ 44,157
EXPENSES
• Occupancy $ 261 $ 509 $ 915 $ 1,356 $ 2,742 $ 6,036 $ 11,048 $ 16,489 $ 19,997
• Tenant Improvements $ 29 $ 48 $ 55 $ 238 $ 258 $ 618 $ 1,193 $ 1,839 $ 2,355
• FF&E $ 14 $ 47 $ 39 $ 56 $ 94 $ 187 $ 334 $ 500 $ 632
• Salary & Related $ 58 $ 113 $ 250 $ 871 $ 1,948 $ 2,088 $ 2,301 $ 2,533 $ 2,683
• SG&A $97 $ 135 $ 135 $ 397 $ 1,053 $ 1,565 $ 2,436 $ 3,466 $ 4,381
Total Expenses $ 459 $ 852 $ 1,394 $ 2,817 $ 6,095 $ 10,494 $ 17,312 $ 24,827 $ 30,048
EBIT $ (82) $ 31 $ (132) $ (692) $ (2,038) $ (464) $ 3,106 $ 8,014 $ 14,109
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EBITDA $ (39) $ 126 ($ 38) ($ 398) ($ 1,686) $ 340 $ 4,633 $ 10,353 $ 17,096
Jonah Levey Steve Jones
+84 90 832 8355 +84 90 692 9936
jonah@dreamplex.co steve@dreamplex.co

Space for Success


Traction & Future Projections
Financial statement in US$ thousands

2016 2017 2018 2019 2020 2021 2022 2023 2024


Locations 1 2 3 4 8 13 19 26 26
SQM 1,368 2,718 4,429 7,842 15,342 29,092 47,092 66,592 73,092
Members 204 477 756 1,144 2,394 4,519 7,994 12,094 14,044
Annual Revenue / Member $ 1,848 $ 1,851 $ 1,633 $ 1,944 $ 1,954 $ 2,236 $ 2,346 $ 2,392 $ 2,413
REVENUE
• Memberships $ 345 $ 765 $ 1,125 $ 1,862 $ 2,775 $ 7,199 $ 14,545 $ 23,796 $ 32,411
• Services $ 32 $ 118 $ 137 $ 363 $ 694 $ 1,800 $ 3,636 $ 5,949 $ 8,103
Total Revenue $ 377 $ 883 $ 1,262 $ 2,225 $ 3,469 $ 8,999 $ 18,181 $ 29,745 $ 40,514
EXPENSES
• Occupancy $ 261 $ 509 $ 915 $ 1,356 $ 2,488 $ 5,249 $ 9,451 $ 14,012 $ 16,953
• Tenant Improvements $ 29 $ 48 $ 55 $ 238 $ 237 $ 514 $ 966 $ 1,507 $ 1,923
• FF&E $ 14 $ 47 $ 39 $ 56 $ 89 $ 160 $ 276 $ 415 $ 521
• Salary & Related $ 58 $ 113 $ 250 $ 871 $ 1,948 $ 2,088 $ 2,301 $ 2,533 $ 2,683
• SG&A $97 $ 135 $ 135 $ 397 $ 770 $ 1,251 $ 2,034 $ 3,001 $ 3,877
Total Expenses $ 459 $ 852 $ 1,394 $ 2,817 $ 5,532 $ 9,262 $ 15,027 $ 21,468 $ 25,958
EBIT $ (82) $ 31 $ (132) $ (692) $ (2,063) $ (264) $ 3,154 $ 8,277 $ 14,557
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EBITDA $ (39) $ 126 ($ 38) ($ 398) ($ 1,737) $ 410 $ 4,395 $ 10,198 $ 17,001
Dreamplex has Achieved Profitability & is Rapidly Growing

Mature Locations
are Profitable! 1 5-19
G R , 20
Locations open >1 year
% CA
are generating positive
EBITDA 135

Projected 23

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