Vingroup Joint Stock Company · HOSE:VIC
Vingroup Joint Stock — Q1 2026 Earnings Presentation
33 slides from Vingroup Joint Stock's earnings presentation, Apr 28, 2026
Slide 1: 1Q2026 Earnings Presentation
VineRouP 1Q2026 Earnings Presentation
Slide 2: Important Notice
12026 EARNINGS PRESENTATION Important Notice 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 Vingroup Joint Stock Company (the
Slide 3: Agenda
12026 EARNINGS PRESENTATION 3 Agenda 1 Business Highlights 2 Business Updates 3 Financial Summary 4 2026 Outlook
Slide 4: 1. Business Highlights
eS we e~, a 2 a % z 102026 EARNINGS PRESENTATIONS = 1. Business Highlights. Vinhomes Central Park
Slide 5: 1Q2026 Highlights
12026 EARNINGS PRESENTATION 1Q2026 Highlights Unit: VND billion 1Q2026 Industrials 27,988 Real Estate Development & Services! 64,487 Social Enterprises 3,416 Others? 8,461 Total adjusted revenue 104,352 1Q2025 15,675 58,200 3,004 7174 84,053 Y-o-Y Growth 79% 11% 14% 18% Total revenue VND104,352bn 4
Slide 6: Macroeconomic indicators: public investment and retail sales
Public investment disbursements (VND trn) 300 % to annual budget plan 20% 250 15% 200 150 10% 100 5% 50 0 0% 1Q2025 1Q2026 1Q2025 1Q2026 IDN MYS PHL THA VNM 1Q2022 1Q2023 1Q2024 1Q2025 1Q2026 1Q2022 1Q2023 1Q2024 1Q2025 1Q2026 700 600 500 400 Total retail sales 300 Retail sales of goods and services
Slide 7: 2. Business Updates
_ 2, Business Updates VinFast MPV 7
Slide 8: Industrials
6 EARNINGS PRESENTATION 8 Industrials Operational highlights 58,577 143,136 EV deliveries globally 1Q2026' E-scooter deliveries 1Q2026 +61% YoY 4+219% YoY
Slide 9: Automobile: Vietnam EV Market - Setting New Records
12026 EARNINGS PRESENTATION Automobile: Vietnam EV Market - Setting New Records Fortifying strong foothold in the domestic market Automobile Robust Ql performance ‘000 units Total delivery 1Q2026 120 108 53,684 a ; cars so +53% YoY 54 40 38 Market share | ~329 33% 192025 192026 ME VinFast Others New
Slide 10: Asia: Green Transition Gaining Momentum in 1Q2026
026 EARNINGS PRESENTATION Asia: Green Transition Gaining Momentum in 1Q2026 Global Y Total Delivery: 58,577 (+61% yoy) V No.of Showrooms: 447 (90% located in Asia) India Ranked Y Available models: VF 6, VE 7, VF MPV7 #4 Y VinFastlocal footprint: among the best Y 1CKD plant - capacity: 50,000 cars/ye
Slide 11: E-scooter: Gaining Traction amid Infrastructure Improvements
12026 EARNINGS PRESENTATION E-scooter: Gaining Traction amid Infrastructure Improvements Vietnam: Affordable models demonstrate strong mass-market appeal Total delivery Orders in 19% 1Q2026 March, 2026 143,136 bikes ~135,000 orders 12026 +219% YoY record level 143,136 bikes Market share Ranking ~16%
Slide 12: Real Estate Development and Services: Residential
1Q2026 EARN PRESENTATION 2 Real Estate Develooment and Services Residential wf Residential VND 71.5 trillion Vinhomes’ adjusted revenue! in 1Q2026 VND 81.7 trillion — Vinhomes' contracted sales in 1Q2026 +133% YoY VND 201.6 trillion Vinhomes’ unbilled sales as of = = Woer | Figtres area aang BuK aes
Slide 13: Residential: sales and unbilled backlog charts
20 ▲ 15 10 5 - Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2023 2024 2025 2026 2023 2024 2025 2026 8 ▲ 240 6 200 ▼ ▼ 160 4 120 80 2 40 - - Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2023 2024 2025 2026 20
Slide 14: Residential: revenue and sales trends
200,0 180,0 160,0 140,0 120,0 100,0 80,0 60,0 40,0 20,0 - 2022 2023 2024 2025 1Q2025 1Q2026 Dec-22 Dec-23 Dec-24 Jun-25 Dec-25 Mar-26 2022 2023 2024 2025 1Q2025 1Q2026
Slide 15: Residential: Select Planned Project Launches
12026 EARNINGS PRESENTATION Residential: Select Planned Project Launches Vinhomes Hai Van Bay (Da Nang) - Symbolic international coastal urban area i?) VINHOMES 4-sub-zone Development structure HAI VAN BAY 512+ ha Project scale 2Q2026 launching date Southeast Asia’s largest adventure them park Premi
Slide 16: Real Estate Development and Services: Hospitality and Entertainment
1Q2026 EARNINGS PRESENTATION 16 Real Estate Develooment and Services gerpranty & Entertainment R <j Hospitality and Entertainment his c. 65% Occupancy rate of u Vinpearl in 1Q2026! +12ppt YoY c. 2.8 million Number of visits to. VinWonders in1Q2026! reall Ve = VND 8,730 billion Hospitality and entert
Slide 17: 8,0 ▲ 7,0 ✓ 6,0 ✓ 5,0 ✓ 4,0 3,0 2,0 ✓ 1,0 ✓
8,0 ▲ 7,0 ✓ 6,0 ✓ 5,0 ✓ 4,0 3,0 2,0 ✓ 1,0 ✓ - 1Q2019 1Q2021 1Q2022 1Q2023 1Q2024 1Q2025 1Q2026 ✓
Slide 18: 1Q2019 1Q2023 1Q2024 1Q22025 1Q2026 1Q2019 1Q2023 1Q2024 1Q2025 1Q2026
1Q2019 1Q2023 1Q2024 1Q22025 1Q2026 1Q2019 1Q2023 1Q2024 1Q2025 1Q2026 ➢ ➢
Slide 19: 1Q2023 1Q2024 1Q2025 1Q2026 1Q2023 1Q2024 1Q2025 1Q2026
1Q2023 1Q2024 1Q2025 1Q2026 1Q2023 1Q2024 1Q2025 1Q2026 ➢ ➢
Slide 20: Other Businesses
Slide 21: Other Businesses Updates: Shaping the Future through Innovation
12026 EARNINGS PRESENTATION Other Businesses Updates: Shaping the Future through Innovation VinSpeed pioneers the development of modern high-speed rail transportation and industrial infrastructure, leading in the region Hanoi - Quang Ninh Metro Line Internations Birpor + Vietnam tivivon se Rig oa a
Slide 22: Other Business Updates: Elevating Vietnamese Enterprises in the Energy Transition
12026 EARNINGS PRESENTATION Other Business Updates: Elevating the Role of Vietnamese Enterprises in the Energy Transition VinEnergo enters a new growth phase, with the ambition to become a globally competitive renewable energy company Pipeline power plant projects @ Dien Bien 1 Solar Power Plant + L
Slide 23: Other Business Updates: Driving Growth through Innovation and Excellence
12026 EARNINGS PRESENTATION Other Business Updates: Driving Growth through Innovation and Excellence VinUniversity shapes the future of education iv] vnuwvenssry Master of Science » FIBAA INSTITUTIONAL ACCREBIRMMION Program welcomed its first cohort 500 participants First intake of the 20,000 Applie
Slide 24: 3. Financial Summary
Slide 25: Property and non-property revenue
2023 2024 2025 1Q2025 1Q2026 2023 2024 2025 1Q2025 1Q2026 2023 2024 2025 1Q2025 1Q2026 2023 2024 2025 1Q2025 1Q2026 Property revenue Non-property revenue
Slide 26: Revenue by segment
2023 2024 2025 1Q2025 1Q2026 2023 2024 2025 1Q2025 1Q2026 2023 2024 2025 1Q2025 1Q2026 Property sales Industrials Hospitality & entertainment services Education Healthcare Leasing Others 2023 2024 2025 1Q2025 1Q2026 2023 2024 2025 1Q2025 1Q2026
Slide 27: Profit by segment
10.000 8.000 6.000 4.000 2.000 – (2.000) 2023 2024 2025 1Q2025 1Q2026 2023 2024 2025 1Q2025 1Q2026 2023 2024 2025 1Q2025 1Q2026 2023 2024 2025 1Q2025 1Q2026 2023 2024 2025 1Q2025 1Q2026
Slide 28: Assets, equity and leverage
Property Sales Industrials Hospitality & entertainment Healthcare & education Dec-23 Dec-24 Dec-25 Mar-26 2023 2024 2025 LTM2026 Others Total Debt / EBITDA Net Debt / EBITDA Total assets Total equity
Slide 29: Debt structure and maturity profile
Bank borrowings and others Syndicated loan & Int'l bond Domestic bond Revolving bank loan Less than 1 year 1-3 years 3-5 years More than 5 years
Slide 30: Leverage, Coverage and Other Ratios
12026 EARNINGS PRESENTATION 30 Leverage, Coverage and Other Ratios LTM 3M2026 FY2025 Change Leverage ratios Net debt!?/ EBITDA? 3.0x 2.7x +0.3x Net debt! / (Total assets - cash & ST investments”) 25.6% 24.1% +150Bps Coverage ratios Recurring revenue / Interest expense® 5.4x 5.2x +0.2x EBITDA / Inter
Slide 31: 4. 2026 Outlook
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Slide 32: 2026 Outlook
12026 EARNINGS PRESENTATION 2026 Outlook Targeted Consolidated Revenue VND 485,000 billion +46% vs 2025 Revenue Targeted Profit After Tax VND 35,000 billion 3.2x vs 2025 Profit after tax Key drivers in 2026 oO © © Social Enterprises 4 whe ++ Industrials and Technology * Consolidate leadership in Vie
Slide 33: Company Information
Company Information Vingroup today basesits strategy on the principles of sustainability and professional management to operate in six major business segments: Offices + Industrials - Technology HANOI! HEADQUARTERS ~ VinFast, the first and largest domestic comprehensive automobile manufacturer and e
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