Taseco Air Services Jsc · HOSE:AST
Taseco Air Services Jsc — Taseco Air Services Joint Stock Company — Investor Presentation (September 2025)
26 slides from Taseco Air Services Jsc's investor presentation, September 2025
Slide 1: Taseco Air Services Joint Stock Company
TA S E C O A I R S E R V I C E S J O I N T S TO C K C O M PA N Y Mã chứng khoán Ticker AST
Slide 2: Table of Contents
TABLE OF CONTENTS 1 Company overview Page 03-07 AST’s business segments and integrated 2 Page 08-17 ecosystem 3 Business performance and financial position Page 18-22 AST’s market growth drivers and strategic 4 Page 23-25 direction Trang 2
Slide 3: Company overview
TASECC AIRS Company overview
Slide 4: Vietnam's leading private enterprise in non-aviation services with integrated ecosystem
Taseco Airs – Vietnam’s leading private enterprise in non-aviation services, offering an integrated and comprehensive ecosystem that spans the entire customer journey Owned & operated An integrated and comprehensive ecosystem spanning the entire customer journey 140* Key highlights Pre-flight ► Reta
Slide 5: Vision, Mission, Core Values and Business Philosophy
Taseco Airs – Vietnam’s leading private enterprise in non-aviation services Vision Core Value To become a leading and reputable provider of non-aviation • To prioritize product and service quality as well as customer services in Vietnam, with a business network covering all key satisfaction, place c
Slide 6: The 20-year journey of continuous business expansion
The 20-year journey of continuous business expansion and establishment of an integrated and comprehensive non-aviation services ecosystem TASECO AIRS TASECO AIRS TASECO AIRS TASECO AIRS 2005-2015 2016-2018 2019-2021 2022–present • Taseco was established • Established Taseco Saigon – 2005 – laying th
Slide 7: Organizational structure and corporate governance
A well-structured organizational structure with strong corporate governance and clearly defined functions General Shareholders’ Meeting Supervisory Board Board of Directors +1,700 employees United to drive growth and create long-term success. Management Board Human Resources - Market and Brand Busin
Slide 8: AST's business segments and integrated ecosystem
02 AST's business segments and integrated ecosystem 8
Slide 9: Market leader with 140 points of sale across 6 key airports
Market leader with 140 points of sale spanning 6 key international airports across Vietnam Revenue by airports Noi Bai International Airport Van Don 140(*) Noi Bai International Points of sale 3%5% 2% Da Nang Noi Bai Catering Airport 9% Factory Leading enterprise in Tan Son Nhat Phu Bai Net revenue
Slide 10: Business models: integrated non-aviation services ecosystem
Business models Taseco Airs – Vietnam’s leading private enterprise with an integrated and comprehensive non-aviation services ecosystem 06 outstanding features of Taseco Airs' business model An integrated and comprehensive ecosystem Comprehensive services covering the entire customer 01 F & B A N D
Slide 11: Retail services
Retail services Retail stores with modern designs and diverse offerings, including locally inspired products to celebrate Vietnamese culture Retail brand portfolio Store formats Lucky Retail and Sky celebrate Vietnamese culture with locally inspired products, offering passengers authentic gifts Luck
Slide 12: F&B services – Café and Fastfood format
F&B services – Café and Fastfood format Compact and flexible store formats enabling rapid expansion and operational efficiency, fulfilling the growing demand for convenience and speed Café & Fastfood brand portfolio Store formats Lucky and Sky brands serve traditional Soleil – a new brand concept Vi
Slide 13: F&B services – Restaurant format
F&B services – Restaurant format Brand revamp with refreshed layout, welcoming atmosphere, and offering diverse dining options Restaurant brand portfolio Restaurant formats Taseco Airs is currently owning a large restaurant space of over 800m² , capable of accommodating big guest groups comfortably.
Slide 14: Duty-free service
Duty-free service Backed by Japan Airlines’ JALUX Group—one of Japan’s largest airport retail operators with a presence in 20 airports worldwide Brands in the duty-free business segment Store formats Jalux Taseco (JDV) was established in 2015, is a joint venture between Taseco Airs (Vietnam) and JAL
Slide 15: Business lounge service
Business lounge service Partnered with leading local banks, Taseco Airs operates premium lounges offering upscale, comfortable space for CIP/VIP passengers Designed with elegance and well-equipped with private rest areas, workspaces, high-speed internet, and a curated Asian–European dining experienc
Slide 16: Air-catering services
Air-catering services VINACS – Vietnam’s leading private provider of international-standard in-flight catering services VINACS – Outstanding capabilities meeting international standards Trusted catering partner of 35+ leading global airlines Certified by Design capacity International standards VINAC
Slide 17: Other value-added services
Other value-added services Final pieces completing a comprehensive ecosystem, delivering superior convenience and greater aviation experiences for passengers Alacarte hotel Da Nang Meet and greet service Four-star accommodation experience in Da Nang • Time-saving feature that eliminates long check-i
Slide 18: Business performance and financial position
03 Business performance and financial position 18
Slide 19: Business performance
Business performance Post-Covid, AST achieved strong recovery with robust revenue growth and high profit margins Breakthrough growth in business performance post-Covid Significant recovery in profit margins post-Covid Unit: Billion VND Unit: % 2015-2019 2020-2021 2022-Present 2015-2019 2020-2021 202
Slide 20: Financial position
Financial position Taseco Airs has maintained a solid financial foundation with a strong asset base and a healthy capital structure Solid asset structure, driven by a high proportion of current assets Resilient capital structure, with equity consistently maintained at high levels Unit: Billion VND U
Slide 21: Financial position: cash flow
Financial position Post-Covid, AST has sustained steady growth in operating cash flow. Consistently positive net cash flow underscores its solid business fundamentals Significant recovery in operating cash flow (CFO) post-Covid Stabilization in net cash flow post-Covid Unit: Billion VND Unit: Billio
Slide 22: AST's stock information
AST’s stock information AST’s stock is rebounding on strong earnings momentum, with upside potential to surpass pre-Covid levels Stock performance(*) General information (**) Unit: VND Unit: Shares 2018-2019 2020-2021 2022-Present Shareholder structure Pre-Covid During Covid Post-Covid (as of 16/09/
Slide 23: Market growth drivers and strategic direction of AST
04 Market growth drivers and strategic direction of AST 23
Slide 24: Vietnam's non-aviation service industry growth drivers
Vietnam’s non-aviation service industry is taking off, fueled by rising tourist traffic, POS network expansion, and higher passenger spending Vietnam – SEA’s fastest-growing Expanded and modernized airport Strong macro fundamentals, Enlargement of aircraft fleets Aviation & Tourism market, fueling i
Slide 25: Competitive advantage and strategic direction
With its market leading position, 20 years of experience, and strong partnerships with airport operators, AST possesses a superior competitive advantage to expand its business network in the future 1 – Expanding and strengthening 2 – Optimizing business models 3 - Enhancing financial efficiency oper
Slide 26: Taseco Air Services Joint Stock Company
TASECO AIR SERVICES JOINT STOCK COMPANY Investor Relations Department Address: 1st Floor, Building N02-T1, Diplomatic Corps Area, Xuan Tao Street, Xuan Dinh Ward, Hanoi Email: vanthu-noibai@taseco.vn AIRPORT Trang 26
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