VinaCapital Vietnam Opportunity Fund Limited AccumUSD · LSE:VOF
VinaCapital Vietnam Opportunity Fund Limited AccumUSD — VinaCapital Vietnam Opportunity Fund — FY2024 Earnings Presentation
19 slides from VinaCapital Vietnam Opportunity Fund Limited AccumUSD's earnings presentation, Oct 25, 2024
Slide 1: Annual Results for the period ending 30 June 2024 Analyst Meeting
ké VinaCapital ____ VinaCapital Vietnam Opportunity Fund =EV7. (LSE: VOF.LN) Annual Results for the period ending 30 June 2024 Analyst Meeting
Slide 2: Classified: Public
Alex Hambly Chief Investment Officer VinaCapital alex.hambly@vinacapital.com Classified: Public \d VinaCapital Khanh Vu Co-Portfolio Manager - VOF VinaCapital khanh.vu@vinacapital.com
Slide 3: VinaCapital Vietnam Opportunity Fund
y \d VinaCapital VinaCapital Vietnam Opportunity Fund Focus on sectors benefitting from Vietnam’s rapidly growing domestic economy, by investing in both public and private companies Flexibility to invest in the best opportunities available, using the principles of private equity to generate superior
Slide 4: Classified: Public
1. Performance 2. Valuation Adjustments 3. Portfolio Activity 4. Outlook 5. O&A
Slide 5: Performance
Performance As at 30 June 2024
Slide 6: Key figures FY2024
$1.13BN +7.8% +17.6% 14.25 ASSETS UNDER NAV RETURN SHARE PRICE CENTS ANNUAL MANAGEMENT F Y 2024* RETURN FY 2024* DIVIDEND DECL . Classified: Public
Slide 7: VOF remains top performer over short and long-term
y \/ VinaCapital y VOF remains top performer over short and long-term NAV long-term performance 1Y: +8%, 3Y: -2% and 5Y: +59% 1-year performance 3-year performance 5-year performance 19% 15% ae 100% ee ve a5 % 52 10% 2g 5 ate 10% Se 80% 3 s2 5 2 5% as S us 3 % ~-p----b---------------- 60% 5% 0% cs)
Slide 8: VOF Portfolio: Weighted contribution by Sector FY2024
Classified: Public \d VinaCapital VOF Portfolio: Weighted contribution by Sector FY2024 Information Technology, Financials, and Industrials provide the greatest weighted contribution VOF NAV by Sector (%) 20.5% Real Estate 20.2% Financials 13.2% Materials 11.3% Information Technology 10.5% Consumer
Slide 9: Valuation Adjustments
Valuation Adjustments As at 30 June 2024
Slide 10: Classified: Public
• • • • • • • • • • • • Classified: Public
Slide 11: Portfolio Activity
Portfolio Activity As at 30 June 2024
Slide 12: New Investment and Divestment in FY2025
INVESTED: US$72m New Investment in FY2025 DIVESTED: US$203m New Divestment in FY2025 Classified: Public
Slide 13: VOF Top Investment Holdings as at June 2024
y \d VinaCapital VOF Top 10 Investment Holdings as at 30 June 2024 No. Investee Company Sector % NAV T2-month total Weighted return Contribution return 1 ACB Financials 13.3% 20.2% 26% 2 FPT IT 11.3% s26% Ti 3 KDH Real Estate 10.9% 21.6% | 2.1% 4 HPG Materials 9.1% 8.5% | 1.0% 5 ACV industrials 8.1%
Slide 14: Discount to NAV, share buyback and dividends
15.7% $46M $22M 7.25 DISCOUNT TO NAV ON SHARE BUYBACK DIVIDENDS PAID CENTS DIVIDEND FY 2024* FY 2024* DECLARED Classified: Public
Slide 15: Classified: Public
Classified: Public
Slide 16: Market Outlook
y \d VinaCapital Market Outlook = We expect the market earnings to increase 18% in 2024 and 16% in 2025, off the back of stable economic fundamentals and GDP growth returning to 6.0 - 7.0% p.a. = Confidence remains in the local stock market: o Globally: Federal Reserve decided to cut rates of 50bps
Slide 17: Classified: Public
Classified: Public
Slide 18: VOF invests in some of Vietnam's best companies
\d VinaCapital VOF invests in some of Vietnam’s best companies ¢ > >PNJ HOA PHAT = \ 5 ia ¢ cnove \ of* 1100 croup rie x Oy : AN vel Gm} NGOCNGHIA Td Sas r z NYvA VA [NAGS L tai oma rane sila VIEYELAIT canta K@ KHANGDIEN ACV CORPORATION Noi Sg niem tin, noi xay t6 Hla AG EB Soneeom VINHOMES@) PRIME
Slide 19: Co-Portfolio Managers contact details
KHANH VU DIEU PHUONG NGUYEN Co-Portfolio Manager Co-Portfolio Manager khanh.vu@vinacapital.com phuong.dieu.nguyen@vinacapital.com Classified: Public
VinaCapital Vietnam Opportunity Fund — FY2024 Earnings Presentation on 6ix