Slide 1: 4Q and FY24 Earnings Report
VINFAST 4Q and FY24 Earnings Report 24 April 2025
Slide 2: Dominating 2024 With #1 Market Share in Vietnam, 10X Global Deliveries
4Q2024 EARNINGS REPORT Dominating 2024 With #1 Market Share in Vietnam, 10X Global Deliveries, and Progress Towards Profitability EXCEEDING DELIVERY TARGET 97K Q4'24 saw a steep ramp-up in output. New monthly delivery record for every month in the quarter NON-VN DELIVERIES GROWTH 10x Increasing from
Slide 3: Table of Content
42024 EARNINGS REPORT 8 Table of Content Business Highlights Outlook Financial Summary Appendix Financial Statements
Slide 4: Business Highlights
4Q2024 EARNINGS REPORT 4 Business Highlights 4Q24 DELIVERIES FY24 DELIVERIES OPERATIONS 53,139 Electric vehicles! 97,399 Electric vehicles >1 million — Charging points? 31,170 E-scooters 70,977 E-scooters 322 Showrooms?
Slide 5: Continue to Strengthen Our International Footprint Through Strategic Partnerships
Continue to Strengthen Our International Footprint Through Foundational Work and Strategic Partnerships With Local Businesses in Southeast Asia $IGNING CEREMON’ LE KHOI BONG tii vay efea rane Dio VDE
Slide 6: Outlook
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Slide 7: 2025: Three Pillar Growth Strategy - Target to at Least Double Volumes
4Q2024 EARNINGS CALL 2025: Three Pillar Growth Strategy - Target to at Least Double Volumes PRODUCTS Affordable models to drive mass adoption VF3 (Mini e-SUV) Affordability; Customizations are VFS (A e-SUV) eg Entry-Level SUV Expand into new segments with Green series SS wa Minio Green Herio Green (
Slide 8: Financial Summary
Slide 9: Financial Summary
4Q2024 EARNINGS REPORT Financial Summary $mn, except per share data 2024 Q4 Total Revenue 678 Gross Profit/(Loss) (536) Gross Margin (%) (79%) Operating Expenses! (444) EBITDA2 (928) Net loss (1,257) Eps? (0.5) Cash used in operating activities 42 Capital expenditures (251) Free cash flow (210) $mn,
Slide 10: Drivers of Path to Profitability
Drivers of Path to Profitability . Increase delivery volumes . Expand distribution reach . New EV use cases . Reduce BOM . Streamline . Reduce number of operations components . Optimize showrooms . Introduce low-cost platform . Optimize supplier relationship ‘Source: Company information.
Slide 11: Appendix
Slide 12: Financial Performance
4Q2024 EARNINGS REPORT Financial Performance Reported Gross profit/ (loss) and gross Revenue margin EBITDA (non-GAAP)! USDmn USDmn USDmn 3,809 Reported GPM (49.2%) (57.4%) | (62,7%) E (79.1%) o o Ul (230) (223) (349) 1146 (479) (563) (536) (928) 678 507 356 268 (1,616) a (1,039) (1,985) 2023 2024 =
Slide 13: Financial Performance
4Q2024 EARNINGS REPORT Financial Performance SG&A Expenses! USDmn 694 463 268 158 ' [| [ L 2023 2024 1Q24 2Q24 3Q24 4Q24 R&D Expenses USDmn 633 412 i i : i 2023 2024 1Q24 2Q24 3Q24 4Q24 Capital Expenditures Net profit/(Loss) USDmn USDmn 1,008 i i (606) l (545) 686 (mn) (1,257) (2,476) 251 197 108 13
Slide 14: Financial Performance
4Q2024 EARNINGS REPORT Financial Performance Cash & cash equivalents Short and long-term debt? Net increase / (decrease) in cash UsDmn UsDmn UsDmn ma Short-term Debt smi Long-term Debt miCFO m™iCFl =m CFF Cash reserve! <$3BN 31 aan 3,053 3.922 2,930 9.986 L= 108 a 2,547 i 136 0 122 173 98 (ie) 78 (a
Slide 15: Financial Statements
Slide 16: Condensed Consolidated Statement of Operations
4Q2024 EARNINGS REPORT Condensed Consolidated Statement of Operations $mn, except per share data Revenue cogs Gross profit/ (loss) % Gross margin SG&A expense R&D expense Net other operating income/(expenses) Operating loss Finance income Finance costs Net (loss)/gain on financial instruments Loss b
Slide 17: Condensed Consolidated Balance Sheet
4Q2024 EARNINGS REPORT Condensed Consolidated Balance Sheet $mn Dec 31, 2024 Dec 31, 2023 ASSETS Cash & Cash Equivalents 136 168 Trade receivables 230 9 Inventories, net 1,147 1,239 Other current assets 149 652 Total current assets 2,662 2,079 Property, plant and equipment, net 3,234 3,251 Intangibl
Slide 18: Condensed Consolidated Statement of Cash Flows
4Q2024 EARNINGS REPORT Condensed Consolidated Statement of Cash Flows $mn, except per share data Net cash flows used in operating activities Net cash flows used in investing activities Net cash flows from financing activities Net decrease in cash, cash equivalents and restricted cash Beginning cash,
Slide 19: Reconciliation of GAAP to Non-GAAP Financial Measures
4Q2024 EARNINGS REPORT Reconciliation of GAAP to Non-GAAP Financial Measures $mn, except per share data 2024 Q4 Net loss attributable to controlling interest (GAAP) (1,256) Finance costs (223) Tax income/ (expense) 2 Depreciation and amortization (106) EBITDA (non-GAAP) (928) Net cash used in operat
Slide 20: Disclaimer
4Q2024 EARNINGS REPORT 20 Disclaimer Non GA&Pand Other Financialand Operating Metrics This presentation includes certain financial measures not preparedin accordance with generaly accepted accounting pinciplesin the US.(*US. GAAP") including EBITDAand free cashflow (together, the “Non-GAAP Measures"
Slide 21: Investor Relations Department
4Q2024 EARNINGS REPORT Investor Relations Department VinFast Auto Ltd. 61 Robinson Road, #06-01, Singapore 068893 Website: https://ir.vinfastauto.us E-mail: ir@vinfastauto.com