F88 Investment Jsc · UPCOM:F88
F88 Investment Jsc — Vietnam Access Day in Bangkok (August 2026)
22 slides from F88 Investment Jsc's conference presentation, Aug 5, 2026
Slide 1: Slide 1
Slide 2: Corporate Presentation: Reshaping Vietnam's Alternative Finance Market
CORPORATE PRESENTATION Reshaping Vietnam's Alternative Finance Market: Stellar Operational Momentum, Asset Quality Control & Strategic Growth Roadmap to 2030 Presented by Ms. Thao Tran, CFO, F88 Investment Jsc 5 Aug - Bangkok, Thailand Ticker: F88.VN
Slide 3: 1H2026 Investor Presentation Agenda
EXECUTIVE BRIEFING 1H2026 Investor Presentation Agenda EXECUTIVE HIGHLIGHT F88 Ecosystem & Model 01 Vietnam's #1 alternative lender with nearly 1,000 branches, Phygital O2O Delivering Scalable Profitability in Mass Market model, Title-backed lending, NNX Insurance Hub & Agent Banking. Lending "F88's
Slide 4: F88: Reshaping Vietnam's Alternative Finance Market
Session 01 F88: Reshaping Vietnam's Alternative Finance Market An integrated financial service ecosystem delivered through a seamless Phygital O2O distribution model across nearly 1,000 nationwide branches. Presented by Ms. Thao Tran, CFO, F88 Investment Jsc 5 Aug - Bangkok, Thailand Ticker: UPCoM (
Slide 5: Modern Pawnshops on the Cusp of Major Expansion
Modern Pawnshops on the Cusp of Major Expansion Regulatory Purging of Informal Players Creates a Straight Path for Scaled Leaders Like F88 Key industry figures Alternative Lending Models Revenue Share (2025) Modern Chains vs. Traditional Pawnshop Capabilities Model Secured Loans Organized Chains Tec
Slide 6: Vietnam's Demographics: A Powerful Runway for F88's Growth
Vietnam's Demographics: A Powerful Runway for F88's Growth Targeting ~52.6 Million Medium to Low-Income Vietnamese with High Collateral Availability and Limited Formal Credit Access Target Customer Pyramid 52.6 Mn Working Mass Market Population aged 15-64 High personal vehicle ownership • More than
Slide 7: Vietnam's #1 Alternative Finance Provider
Vietnam's #1 Alternative Finance Provider Integrated Product Ecosystem Deployed Through a Seamless O2O Distribution Model CUMULATIVE CUSTOMERS Diverse Product Ecosystem Omnichannel: 976 Branches Digital/APP Partnership 1.6M + 57.7% CAGR2 Motorbike Title Car Title NNX Insurance Agent Banking Add-on S
Slide 8: Comprehensive Financial Solutions for Mass Customers in Vietnam
Comprehensive Financial Solutions for Mass Customers in Vietnam Evolving from traditional asset-backed lending into a diversified financial hub to maximize customer outreach and sales volume. LENDING PRODUCT LINE Core Revenue Drivers INSURANCE & ADD-ON PRODUCTS Fee Income & Retention Motorbike-Title
Slide 9: 1H2026 Performance Review
Session 02 1H2026 Performance Review Healthy asset expansion, cost discipline and controlled risk profile drives ROE to over 40% level, well-positioned to scale profitably in the next phase of growth Presented by Ms. Thao Tran, CFO, F88 Investment Jsc 5 Aug - Bangkok, Thailand Ticker: UPCoM (F88)
Slide 10: Continued momentum into 2026, underpinning growth and capital needs
Continued momentum into 2026, underpinning growth and capital needs Positive results in FY 2025 and H1.2026 across scale of operations, business performance, and profitability Net loan & Disbursement value1 USD Mn Lending yield & Net WO ratio % + 57% YoY + 37% YoY Net loan Disbursement 60.3% 59.2% 5
Slide 11: Solid Customer Growth & High Retention Across All Channels
Solid Customer Growth & High Retention Across All Channels Driving customer expansion to 1.45M while maintaining a high 69% repeat rate across physical and digital channels TOTAL LENDIING CUSTOMERS Omnichannel Reach (2Q26) Occupational Segments Freelancers 34.60% 1,454,761 Store Branch Network Physi
Slide 12: Asset Quality Remained Resilient & Within The Company's Risk Appetite
Asset Quality Remained Resilient & Within The Company’s Risk Appetite All internal processes are governed by defined risk appetite and corresponding thresholds Net Write-off by disbursement cohort1 Net Write-off ratio by Loan Book (Net WO)2 % % F88 applies stricter provisioning policy than that of c
Slide 13: NNX Insurance: Stand-Alone Solutions Scale Rapidly
NNX Insurance: Stand-Alone Solutions Scale Rapidly 2Q26 insurance revenue grew +80% YoY to VND 202Bn, powered by a massive +778% YoY surge in Stand-Alone products. 2Q26 Insurance Performance Highlights BRAND POSITIONING Nationwide Microinsurance Hub Total Insurance Revenue (2Q26) Established NNX as
Slide 14: Robust liquidity & capital position
Robust liquidity & capital position F88 is on-track to list on the main bourse within 2026 Diversified Funding Structure Onshore Funding Offshore Funding Q4.2026 67% 33% HOSE lising Balanced international debt facilities combined with onshore bond issuances. Onshore Offshore Aug 1st PO Trading date
Slide 15: Robust 1H Performance Positions F88 to Raise FY2026 Guidance
Robust 1H Performance Positions F88 to Raise FY2026 Guidance 61% of AGM-approved FY2026 PBT target delivered in 1H26, despite seasonality typically favoring stronger earnings in H2 Metric (VND Bn) FY2025 Actual 2026 AGM Target 1H2026 Actual Revised FY2026 Forecast On-Balance Sheet Net Loan 5,632 +33
Slide 16: 2030 Business Vision & Strategy
Session 03 2030 Business Vision & Strategy Driving toward $654M revenue by 2030 via diversified offerings and a Phygital O2O2O network anchored by physical branches Presented by Ms. Thao Tran, CFO, F88 Investment Jsc 5 Aug - Bangkok, Thailand Ticker: UPCoM (F88)
Slide 17: F88 continues to develop our business model with a comprehensive vision and ambitious targets
F88 continues to develop our business model with a comprehensive vision and ambitious targets Business Scale Diversification Vision F88 is a comprehensive and trusted financial platform 5M 20% 2026 - 2030 for Vietnamese people, where mass-market customers Number of customers Non-lending revenue turn
Slide 18: Key Growth Drivers For The Next Cycle
04 Key Growth Drivers For The Next Cycle Putting customers’ comprehensive financial needs at the heart of what we do 01 The branch network is the backbone of the distribution channel LENDING AGENT BANKING & 1 3 • Extensive nationwide network VALUE-ADDED SERVICES • Diversified product portfolio F88’s
Slide 19: 2030 Business Model: Diversified, Sustainable Growth Across Core Pillars
2030 Business Model: Diversified, Sustainable Growth Across Core Pillars Scaling revenue 4.2x from USD 155Mn (2025) to USD 654Mn (2030F) while shifting toward high-margin insurance and financial services. REVENUE BREAKDOWN BY ACTIVITY 2025 vs 2030 Shift 2025 – 2030 CAGRS Growth Drivers Total Revenue
Slide 20: Core Lending Strategy: Network Expansion, Product Tailoring & Cross-Selling
Core Lending Strategy: Network Expansion, Product Tailoring & Cross-Selling Scaling total loan book to VND 31.7tn by 2030F through strengthened distribution channels, risk-based pricing, and expanding customer funnels STRENGTHEN THE OMNICHANNEL DISTRIBUTION NETWORK TOTAL LOAN BOOK 2025 2030F 7.2 VND
Slide 21: Thank You
(988 THANK YOU
Slide 22: Appendix
Appendix Indicator Formula Cost of Funds Financial expenses from on and off-balance sheet funding sources / Average borrowings balance Lending yields Interest and fee from pawn lending / Average net loan balance Lending revenue Interest income from pawn lending + Fee income from pawn lending + Contr
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