Gelex Group Joint Stock Co · HOSE:GEX
Gelex Group Joint Stock — GELEX Group — Q2 2023 Earnings Presentation
19 slides from Gelex Group Joint Stock's earnings presentation, July 2023
Slide 1: GELEX Group Business Result Presentation Quarter II 2023
GELEX GROUP Business Result Presentation Quarter II 2023
Slide 2: Terms and Acronyms
TERMS AND ACRONYMS GELEX GELEX Group JSC GELEX Infra GELEX Infrastructure JSC GELEX Electric GELEX Electricity JSC AGM Annual General Meeting of Shareholders BOD Board of Director EE Electrical Equipment CM Construction Material IP Industrial Park RE Real Estate NR Net Revenue PBT Profit Before Tax
Slide 3: Vietnam Macroeconomic, Consolidated Performance, Segments, Highlight Activities
1 3 Vietnam Macroeconomic Business Performance by Segments GDP and credit growth were not as expected in Q2. However, Compared to Q1, GELEX experienced a gradual recovery in its inflation and exchange rate were well controlled. Additionally, there production activities, particularly in the electrica
Slide 4: Vietnam Macroeconomic
1 VIETNAM MACROECONOMIC
Slide 5: Vietnam Macroeconomic
VIETNAM MACROECONOMIC GDP and credit growth slow, requiring delayed monetary policies for effectiveness GDP growth was 4.14% YoY, and credit growth was 3.25% YoY. In H2 2023, the government's monetary and fiscal GDP policies acted as an economic growth catalyst. The pressure of inflation cooled down
Slide 6: Consolidated Business Performance of GELEX Group
2 CONSOLIDATED BUSSINESS PERFORMANCE OF GELEX GROUP
Slide 7: GELEX Group Overview
GELEX GROUP OVERVIEW GELEX is a diversified investment group that operates under a Holding model, investing in and managing capital in its subsidiary companies. GELEX holds controlling interest in 2 sub-holding companies: GELEX Infra with a charter capital of VND 7,900 billion, GELEX Electric with a
Slide 8: Business Performance Had Significant Improvement in Q2
BUSINESS PERFORMANCE HAD SIGNIFICANT IMPROVEMENT IN Q2 VND bn NR and PBT by quarter ▪ The Q2 consolidated NR reached VND 7,996 billion, equivalent to 10.000 9.069 8.645 88% of Q2 last year, up 24.7% QoQ. This growth was attributed to 7.996 8.000 7.014 7.359 6.410 the recovery in key sectors such as
Slide 9: Net Revenue Structure of Sectors
NET REVENUE STRUCTURE OF SECTORS VND bn NR breakdown by sectors per quarter NR structure in Q2 5.000 9.069 10.000 8.645 4.500 7.996 9.000 4.000 7.359 8.000 7.014 5% 3.500 6.410 7.000 3.000 6.000 22% 2.500 5.000 46% 2.000 4.000 1.500 3.000 1.000 2.000 500 1.000 27% - 0 Q1-2022 Q2-2022 Q3-2022 Q4-2022
Slide 10: Stable Asset and Capital Structure
STABLE ASSET AND CAPITAL STRUCTURE Asset structure VND bn 31/12/22 31/03/23 30/06/23 YTD (%) Total asset 52.385 52.619 52.408 0,0% Cash and cash Short-term asset 19.800 20.196 19.878 0,4% 7% equivalent 6% Short-term investment Long-term asset 32.585 32.422 32.530 -0,2% 7% Liabilities 31.341 31.588 3
Slide 11: Stable Financial Health
STABLE FINANCIAL HEALTH 31/12/21 31/12/22 31/03/23 30/06/23 Leverage Ratio - Liability/ Total Asset 67% 60% 60% 59% - Loan/ Equity 108% 80% 87% 83% - Net Debt/ EBITDA 1.8 1.6 1.7 1.6 Solvency Ratio - Current ratio 1.3 1.1 1.2 1.2 - Interest Coverage Ratio 4.2 5 5.3 6.4 Efficiency Ratio - Gross profi
Slide 12: Business Performance by Sectors
BUSSINESS PERFORMANCE 3 BY SECTORS
Slide 13: Business Performance – Electrical Equipment
BUSSINESS PERFORMANCE – ELECTRICAL EQUIPMENT VND bn NR and GP of EE sector by quarter 5.000 13% 14% Q2 Electrical equipment NR reached VND 3,673 billion, up 14% QoQ, 12% 11% 11% 12% decreased 17.2% YoY. 4.000 10% 10% 10% 3.000 8% Q2 GP margin was 10% (lower than 13% in Q1 and the average of 11.2% in
Slide 14: Business Performance – Building Materials
BUSSINESS PERFORMANCE – BUILDING MATERIALS VND bn NR and GP of CM sector by quarter ▪ Q2 Construction Materials NR reached 2,164 billion VND, up 40.4% 3.000 26% 26% 30% QoQ, decreased 6.1% YoY. 2.500 22% 2.164 25% ▪ Q2 GP margin was 12%, slightly lower than Q1 due to reduced price 2.000 17% 20% 1.50
Slide 15: Business Performance – IP&RE
BUSSINESS PERFORMANCE – IP&RE ▪ Q2 NR IP&RE sector achieved robust growth, contributing significantly to VND bn NR and GP of IP&RE sector by quarter GELEX's profit. 2.000 60% 1.779 1.800 ▪ NR reached 1,779 billion VND, increased by 43.6% QoQ and equivalent to 1.600 50% 1.400 40% the same period last
Slide 16: Business Performance – Utilities
BUSSINESS PERFORMANCE – UTILITIES VND bn NR, GP of Utilites Sector by quarter Energy output by quarter 500 453 60% (mn KWh) 407 402 400 362 370 50% 324 40% 300 196 204 177 183 30% 113 200 125 112 20% 100 10% 0 0% Q1-2022 Q2-2022 Q3-2022 Q4-2022 Q1-2023 Q2-2023 NR GP GP margin Q1-2022 Q2-2022 Q3-2022
Slide 17: Highlight Activities
4 HIGHLIGHT ACTIVITIES TANG) DU KN PH TKO, rt } ) Tima 4 \
Slide 18: Highlight Activities in Q2 2023
HIGHLIGHT ACTIVITIES IN Q2 2023 GELEX Electric showcased a series of products AGM 2023 & new chairman of the BOD at the Vietnam ETE and Enertec Expo 2023. The 2023 AGM was successfully held on April 26, 2023, CADIVI introduced the EVC electric vehicle charging cable approving the activity plan for t
Slide 19: Thank you
Thank you Investor Relation Department Add: GELEX Tower, 52 Le Dai Hanh, Hai Ba Trung Dist, Hanoi Tel: +84 24 3972 6245 Fax: +84 24 3972 6282 Website: www.gelex.vn Email: ir@gelex.vn Disclaim: The information contained in this document is provided by GELEX and its member companies for the purpose of