Vincom Retail Jsc · HOSE:VRE
Vincom Retail Jsc — Vincom Retail Joint Stock Company — Q4 2024 Earnings Presentation
26 slides from Vincom Retail Jsc's earnings presentation, January 2025
Slide 1: 4Q2024 Quarterly Results
4Q2024 Quarterly Results 234 January 2025
Slide 2: Disclaimer
4Q2024 EARNINGS PRESENTATION 2 Disclaimer IMPORTANT: The information contained herein is preliminary and subject to change without notice, its accuracy is not guaranteed, has not been independently verified and may not contain all material information concerning Vincom Retail Joint Stock Company (th
Slide 3: 2024 Key Highlights
4Q2024 EARNINGS PRESENTATION Ara ve 3 2024 Key Highlights GDP growth in 2024 FDI disbursement in 2024 +7.1% YOY USD 25.4 bn Above government's target of 6 - 6.5% New record figure for Vietnam ; f : Be \*N . wang te ree BR [pt aotsae RR EA. MS ‘Businéss & Operational : reas “Updates ¢ \)} *\ \ Vietna
Slide 4: Celebrating Vincom Retail 20-year journey of shaping retail landscape
4Q2024 EARNINGS PRESENTATION CELEBRATING VINCOM RETAIL 20:YEAR JOURN OF SHAPING RETAIL LANDSCAPE | SEEEE (44-2. 8 Numberof 4 Cities, provinees Operating Malls Nationwide network Million sqm 179, Million Ae e Retail GFA Annual Footfall 15% Leasing Revenue 14% Retail GFA Vinca, O CAGR14~'24 O CAGR 14-
Slide 5: FAHASA
FAHASA b ~ up Page =-Vineom Mega Malyérandl Park - HOMC * én ee Ae
Slide 6: Vietnam's economy grew robustly by 7.1% in 2024
Vietnam's economy grew robustly by 7.1% in 2024, surpassing the government's 6 - 6.5% target Vietnam witnessed a remarkable economic growth, driven by strong exports and manufacturing activities Real GDP Growth 2025F (%) GDP 4Q2024 ct) a 6,1 A 7.6% yoy Philipines 58 indonesia 5.0 Malaysia 48 GDP 202
Slide 7: Vietnam's strong economic growth expected to continue in 2025
Vietnam's strong economic growth is expected to continue in 2025, supported by the government's efforts to enhance infrastructure and revitalize the real estate sector Vietnam's economy is expected to maintain robust growth in 2028 fuelled by 3 key drivers Infrastructure Investment Vietnam will sign
Slide 8: Retail real estate market saw rise in new developments and shift in demand
4Q2024 EARNINGS PRESENTATION The retail real estate market saw a rise in new developments and a shift in consumer demand categories Over 0.150k sqm of new supply is expected in 2025, mainly led by VMM Ocean City Unit: ‘000 sqm NLA "25 Hanoi New Supply: +116,000 sqm 1400 "25F HOMC New Supply: +40,000
Slide 9: Business & Operational Updates
4Q2024 EARNINGS PRESENTATION LUCIE a2 BY CML gg > Vineom Center Landmark 81 - HCMC
Slide 10: Operational and Financial Metrics
4Q2024 EARNINGS PRESENTATION gu Operational and Financial Metrics Unit: VND billion eg 302024 4Q2024 208 Rate? GFA (‘000 sqm) 1747 1841 A 53% VincomCenter 95.8% 959% MM 01% 95.0% 95.8% A 08% Leasing revenue 7,796 7,878 A 10% Vincom Mega Mall 88.3% 89.4% A 11% 89.1% 879% W 1.2% beeen eh Gin oe A Vinc
Slide 11: Successfully launched new shopping malls in 2024 (1)
4Q2024 EARNINGS PRESENTATION Successfully launched 5 new shopping malls in 2024, all reaching 94 - 99% occupancy (1) Solidifying leading position in terms of scale and coverage in 2024 Shopping New Sqm of +5 malls +4 provinces +95k retail GFA Vincom Plaza Ha Giang A @ @ Vincom Plaza Bac Giang Vincom
Slide 12: Successfully launched new shopping malls in 2024 (2)
4Q2024 EARNINGS PRESENTATION " Successfully launched 5 new shopping malls in 2024, all reaching 94 - 99% occupancy (2) 2. Vincom Plaza Ha Giang 3. Vincom Plaza Dien Bien Phu + Description: Province’s first modern mall + Retail GFA: 9,800 sqm * Description: Province's first modern mall * Retail GFA':
Slide 13: Asset enhancement strategy: Revamping existing mall portfolio
4Q2024 EARNINGS PRESENTATION Adhering to asset enhancement strategy: Revamping existing mall portfolio Renovated Vincom Plaza 3/2 with brand new look and a refreshed tenant mix Repositioned and upgraded tenant mix Vincom Plaza Imperia, Hai Phong Previously Refreshed Tenant Mix Upgraded Tenant Mix PA
Slide 14: First HCMC metro line boosts traffic of Vincom malls
24 EARNING First metro line in HCMC being put into operation help boost traffic of Vincom malls thanks to strategic locations of being close to metro stations Opera House Station Tan Cang Station An Phu Station HCMC Metro Line 1 Suoi Tien Station VCC Dong Khoi * 7-minute walk from Opera House Statio
Slide 15: Marketing initiatives across the shopping mall system
Continued to spearhead dynamic series of marketing initiatives across the shopping mall system Featuring festivals, competitions, workshops, and a series of promotions across 88 Vincom's Black Friday extravaganza is one of the largest seasonal promotional shopping malls nationwide and a grand-scale
Slide 16: Honoured with awards and accolades in 2024
4Q2024 EARNINGS PRESENTATION 6 Honoured with awards and accolades in 2024 Pi Gi Top 10 Leading Top 100 Most Valuable Va Leadership 2024 Brands in Vietnam s a F Asia Responsible » Forbes Vietnam - | ae. Enterprise Awards Vietnam Institute | Of Directors
Slide 17: 3. Financial Updates
Slide 18: Leasing revenue increased year-on-year in 4Q2024 with high profit margin
4Q2024 EARNINGS PRESENTATION Thanks to the newly opened shopping malls and improved occupancy rate across the mall system, leasing revenue in 4Q2024 increased year-on-year, while maintaining a high profit margin Total Revenue VND Bn 9,259 218 2,027 7,017] 2019 2020 2021 2022 ™ Leasing of Investment
Slide 19: 4Q2024 results: leasing revenue rose while total revenue declined
4Q2024 EARNINGS PRESENTATION 18 Leasing revenue continued to rise, as observed in recent quarters, meanwhile total revenue declined primarily due to the timing of shophouse deliveries Figures in VND billion 4Q2023 4Q2024 YoY Note Revenue from Leasing of Investment Properties and Rendering of Related
Slide 20: Leasing revenue rose slightly; net profit decreased in 2024
4Q2024 EARNINGS PRESENTATION 9 Leasing revenue continued to rise slightly, demonstrating resilience amidst slower growth in consumer spending. Net profit decreased compared to 2023, mainly due to fewer shophouse handovers Total Revenue Gross profit VND Bn VND Bn Gross profit margin (%) 97 - : - ; :
Slide 21: Total revenue in 2024 decreased due to fewer shophouse deliveries
4Q2024 EARNINGS PRESENTATION 20 Total revenue in 2024 decreased compared to the same period, primarily due to a significant decrease in the number of shophouse deliveries as projects neared completion Figures in VND billion Revenue from Leasing of Investment Properties and Rendering of Related Servi
Slide 22: Balance Sheet
4Q2024 EARNINGS PRESENTATION Balance Sheet Total Assets! 2 VND Bn 41654 42701 35839 39,816 37873 21446 7121 1,125 15,487 28,718 27,214) 31/12/2019 31/12/2020 3112/2021 3112/2022 31/12/2023 = Investment Properties and Investment Other Assets Properties Under Construction! Owner's Equity? VND Bn 37,82
Slide 23: 4. 2025 Outlook
— a 7 = + 4, 2025 Outlook +
Slide 24: 2025 Strategic Pillars: Optimizing Existing Malls & Accelerating Expansion
4Q2024 EARNINGS PRESENTATION 23 2025 Strategic Pillars: Optimizing Existing Shopping Malls & Accelerating Expansion of New Generation Mega Mall to Capture Demands of Evolving Consumer Trends Plan to open 3 new shopping malls, adding c.120,000 sqm of new retail GFA Enhancing operational efficiency of
Slide 25: Future Pipeline Focus: Life-Design Mega Malls
4Q2024 EARNINGS PRESENTATION 24 Future Pipeline Focus: Life-Design Mega Malls - Immersive Retail Experience Beyond Shopping Vincom Mega Mall Ocean City - Hung Yen Vincom Mega Mall Royal Islands - Hai Phong Go-to destination mega TAectl mall with curated mix Positioning that elevating traditional ret
Slide 26: Contact
4Q2024 EARNINGS PRESENTATION Dh CE init wilh i Symphony Office Tower, Chu Huy Mat Street, Vinhomes Riverside Eco-Urb Area, Phuc Loi Ward, Long Bien District, 5 * Hanoi, Vietnam \ Tel: +84 (24)3975 6699 ext. 5445 ~\ Website: https://ir.vincom.com.vn/en/ . s X E-mail: ir@vincom.com.vn * \ a “a - ig °
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