VinaCapital VN100 ETF · HOSE:FUEVN100
VinaCapital VN100 ETF — VinaCapital — VinaCapital 2022 Investor Conference
16 slides from VinaCapital VN100 ETF's conference presentation, Oct 7, 2022
Slide 1: 2022 Investor Conference
ké VinaCapital 2022 INVESTOR CONFERENCE Ho Chi Minh City, Vietnam | 5-7 October 2022
Slide 2: VinaCapital Vietnam Access Fund (VAF) Portfolio Managers
k4 VinaCapital & VinaCapital Vietnam A ess Fund 1 (VAF) Thu Nguyen & batho Nguyen, Portfolio Managers 2022 Investor Conference get 1 | WSUS ingly eee ——————__—
Slide 3: C L ASSI FI E D : PUBLIC
22.9% 13.1% 5.3% 12.6% 8.0% 9.5% 13.1% 12.1% 13.2% 19.0% 30.4% 25.7% C L ASSI FI E D : PUBLIC
Slide 4: VVF - Portfolio Positioning
\d VinaCapital VVE - Portfolio Positioning Cash Real Estate Consumer Staples Utilities Materials Information Technology Consumer Discretionary Industrials Financials Sep 2022 || 2.5% | oe. PI s.0% me | EE «=. — 17.0% t Cash Real Estate Consumer Staples Utilities Materials Information Technology Cons
Slide 5: C L ASSI FI E D : PUBLIC
✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ C L ASSI FI E D : PUBLIC
Slide 6: Bank stock scoring criteria
y \d VinaCapital Bank stock scoring criteria A Customer acquisition Product strategy | | | Growth Digitalization ROA improvement CASA oan to deposit NN / NIM Loan to deposi expansion ST funding for LT loan Retail lending Ris Loan book diversification management Corporate bond exposure Real estate de
Slide 7: MBB MBB STB
MBB MBB STB STB TCB TCB VPB VPB ACB ACB CTG CTG MBB STB TCB VPB ACB CTG C L ASSI FI E D : PUBLIC
Slide 8: C L ASSI FI E D : PUBLIC
✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ C L ASSI FI E D : PUBLIC
Slide 9: Industrial land rental and occupancy vs P/B
% available- for-lease Land rental (USD/sqm) Occupancy rate (RHS) land 100% A 250 100% B 200 80% 80% D SZC 150 60% 60% C 100 40% E 40% 50 20% 20% 0 0% F Binh Ba Ria - Hai Dong Long Bac Binh 0% Phuoc Vung Phong Nai An Ninh Duong - 1.0 2.0 3.0 4.0 5.0 6.0 Tau 2023 adjusted P/B C L ASSI FI E D : PUBLIC
Slide 10: C L ASSI FI E D : PUBLIC
20.8 12.8 11.8 8.1 C L ASSI FI E D : PUBLIC
Slide 11: Opportunities - Oversold watchlist
y \d VinaCapital Opportunities - Oversold watchlist HOA PHAT HOA HOP CUNG PHAT TRIEN Market Cap $5,164mn 2022 P/E 5.0xX 2022 P/B 1.0x Net debt/Equity 25.6% HPG Historical P/B Ratio Jan- Jan-20 Jan-21 Jan-22 Apr-12 $486mn Market Cap 2022 P/E 9.6x 2022 P/B 0.8x Net debt/Equity 5.6% NLG Historical P/B
Slide 12: Opportunities - Resilient companies
y Leading integrated logistics and port operator Owns one of the largest deep seaports in Vietnam: Gemalink, of which through-put volume capacity can double through expansion in the next 2 years from current 1.4m TEU Solid cashflow, low gearing (Net debt/Equity: 16%) \d VinaCapital Opportunities - R
Slide 13: C L ASSI FI E D : PUBLIC
Small-cap: under USD500mn; Mid-cap: USD500m-2bn; Large-cap: above USD2bn Source: Bloomberg, VinaCapital. Earnings forecast & valuations are based on in-house research’s estimates C L ASSI FI E D : PUBLIC
Slide 14: FMC Peers Other exporters
FMC Peers Other exporters FMC B 12% D 2.4 10% 1.1 6% 6% 5% 1.0 E F 5% C L ASSI FI E D : PUBLIC
Slide 15: Macro Indicators
y \d VinaCapital Macro Indicators Domestic Global ¥ US inflation v¥ USD/VND rate v Fed policy v Interest rate vy US Junk bond credit Y Credit growth quota spreads Y Geopolitical tensions CLASSIFIED: PUBLIC
Slide 16: VinaCapital contact details and disclaimer
4 VinaCapital 17th Floor, Sun Wah Tower 115 Nguyen Hue, District 1, Ho Chi Minh City, Vietnam P: +84 28 3821 9930 Email: ir@vinacapital.com Website: wwwvinacapital.com Ho Chi Minh City Hanoi Singapore DISCLAIMER The information contained herein has been prepared by VinaCapital (the “Company") and is