Vingroup Joint Stock Company · HOSE:VIC
Vingroup Joint Stock — Q1 2023 Earnings Presentation
32 slides from Vingroup Joint Stock's earnings presentation, Apr 25, 2023
Slide 1: Vingroup's 1Q2023 Earnings Presentation
Vingroup’s 1Q2023 Earnings Presentation 25 April 2023
Slide 2: Important Notice
1Q2023 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: Table of Contents
1Q2023 EARNINGS PRESENTATION Table of Contents Key Highlights Macroeconomic Update Operational Update Financial Summary 2023 Outlook Appendix VinFast Electric Vehicle - VF 7
Slide 4: Slide 4
Slide 5: Key Highlights: Industrials Accelerates EV Deliveries While Real Estate and Services Recover
1Q2023 EARNINGS PRESENTATION Key Highlights: Industrials Accelerates EV Deliveries While Real Estate and Services Continue Strong Recovery Momentum with Healthy Financial Performance C1) Industrials - Technology | - After marking its milestone by exporting the first batch of electric vehicles last q
Slide 6: Financial Overview
1Q2023 EARNINGS PRESENTATION 1Q2023 Financial Overview Unit 1Q2023 192022 Yoy (%) 192023 4Q2022 QoQ (%) Recurring revenue? VND trillion 10.1 n2 Vv 10% 10.1 12.2 vo % Pro-forma EBITDA? VND trillion 10.8 10 vo% 10.8 10.2 A 6% Source. Company information s of 31 Morch 2023 Note 1 Proforma revenue inclu
Slide 7: Vigdem Center Ba Trieu ~ Hanoi
1Q2023 EARNINGS PRESENTATION Vigdem Center Ba Trieu ~ Hanoi
Slide 8: Vietnam Maintains a Stable Growth Rate With Near-Term Outlooks Remains Favorable
1Q2023 EARNINGS PRESENTATION Vietnam Maintains a Stable Growth Rate With Near-Term Outlooks Remains Favorable but Subject to Risks Amidst Challenging Global Economic Environment 1Q2023 GDP growth recorded3.3%. State Bank of Vietnam annouced the firstrate cut since 2020 to stabilise the monetary mark
Slide 9: Slide 9
Slide 10: Industrials and Technology
1Q2023 EARNINGS PRESENTATION 10 Industrials and Technology Cars: Electric Motorcycles: 1,800 Electric cars delivered in1Q2023! 9,800 Motorcycles delivered in 1Q2023 95,000 Cars delivered up to date? 172,000 Motorcycles delivered up to date? 12 Showrooms, Workshops and 233 Showrooms, Workshops and Au
Slide 11: Accelerating Electric Vehicles Deliveries to Customers
1Q2023 EARNINGS PRESENTATION Accelerating Electric Vehicles Deliveries to Customers C1) Sales - Focus on + Commenced deliveries of VF 8 City Edition to customers in the United States, VF 9 and product excellence VF § Plusvehicles to customers in Vietnam and customer + Exported the second batch of 1,
Slide 12: Strengthens Sales, Charging Infrastructure, and Aftersales Service
1Q2023 EARNINGS PRESENTATION Strengthens Sales, Charging Infrastructure, and Aftersales Service Extensive Showroom + VinFast established its presence in the West of France andthe West Coast E-motoreycle Car. 12 showrooms opened globally Network Expansion in North America with the opening of its VinF
Slide 13: Partners with Industry Leaders for Battery Solutions, Upgrades Battery Technology
1Q2023 EARNINGS PRESENTATION Partners with Industry Leaders for Battery Solutions, Upgrades Battery Technology VinES partners with StoreDot for extreme fast charge solution and collaborates New software upgrade on VF €34 allows customers to travel 318.6 km/charge with Li-Cycle for long-term battery
Slide 14: Promotes EVs Usage and the VinFast Brand
1Q2023 EARNINGS PRESENTATION Promotes EVs Usage and the VinFast Brand - - GSM is the world's first multi-platform green transportation vehicle rental and taxi service, improves service quality and optimizes business efficiency with the use of EVs, provides a “no noise, no gas smoke” experience - Cur
Slide 15: Real Estate and Services
1Q2023 EARNINGS PRESENTATION 15 Real Estate and Services Residential Retail Hospitality and Entertainment VND 40.1 trillion Net Revenue VND 1.5 trillion — NO1(78 % Revenue) 296,000 Room nights sold? of Property sales! +3.0x YoY +62% YoY (+9.4pp % Revenue) +66% YoY and +31% QoQ mi Unbilled booki arA
Slide 16: Vinhomes: Resilient Financial Performance with Visible Earnings in 2023
SENTATION 192023 EARNINGS Vinhomes: Resilient Finanical Performance with Visible Earnings in 2023 Driven by Strong Backlog Adjusted revenue! VND billion CARG (2019-2022): 6.7% 1Q2023 vs. 1Q2022: +3.0x 98,746 94,562 81,406 67,084 42,485 14,278 | 2019 2020 2021 2022 1Q2022 1Q2023 Key operational highl
Slide 17: Vincom Retail: Another Quarter of Resilient Growth
1Q2023 EARNINGS PRESENTATION Vincom Retail: Another Quarter of Resilient Growth Activation campaigns combined with traditional cultural activities on the occasion Leasing revenue! Leasing NOM2 of the traditional Lunar New Year VND billion VND billion Leasing NOI margin 47 million 54% YoY Footfalls o
Slide 18: - 1000 2500 2000 1500 0 200 500 0 0
40 35 30 25 20 15 10 5 - 1000 2500 800 2000 600 1500 400 1000 200 500 0 0
Slide 19: 4. Financial Summary
4. Financial Summary
Slide 20: 33,892 99,058 43,777 84,888 46,661 84,156 11,221 13,602 10,140 40,130
33,892 99,058 43,777 84,888 46,661 84,156 11,221 13,602 10,140 40,130
Slide 21: Revenue Performance: YoY Results Remain Strong in Recovery Momentum
1Q2023 EARNINGS PRESENTATION 2 Revenue Performance: YoY Results Remain Strong in Recovery Momentum Property sales! VND billion Leasing VND billion Hospitality & Entertainment Services? VND billion CARG (2020-2022): 7.3% CARG (2020-2022): 24.6% 12023 vs. 192022: +3.0x 12023 vs. 192022: +1.5x 1Q2023 v
Slide 22: 7,000 5,000 3,000 1,000 (1,000) (3,000) (5,000) 300 100 (100) (300)
7,000 5,000 3,000 1,000 (1,000) (3,000) (5,000) 900 700 500 300 100 (100) (300)
Slide 23: Balance Sheet Highlights (1)
1Q2023 EARNINGS PRESENTATION 23 Balance Sheet Highlights (1) Debt! 2.5/ EBITDA‘ Total Assets & Total Equity Breakdown of Total Assets VND billion % 8.1% 7.9% 9.6% 10.2% 37x 3.5x 3.2x 3.2x 3.0x 57,407 596,877 25x VND596.9 trillon 2.4% 2.3% 423,341 428,384 189,572 136,365 135,655 136,312 = Property sa
Slide 24: Balance Sheet Highlights (2)
1Q2023 EARNINGS PRESENTATION Balance Sheet Highlights (2) Total Debt Breakdown By Type Total Debt Breakdown By Currency % % International bond Domestic bond 13.8% 22.1% VND 60.6% usp Bank loans 39.4% VND 188.6 24.3% VND 188.6 Other illi illi Le trillion trillion Exchangeable bond Syndicated 5.2% loa
Slide 25: Leverage, Coverage and Other Ratios
1Q2023 EARNINGS PRESENTATION Leverage, Coverage and Other Ratios LTM2023 FY2022 Change Leverage ratios Net debt? / EBITDA? 3.2x 2.8x 0.4x Net debt!?/ (Total assets - cash & ST investments?) 27.5% 25.4% 210 bps Coverage ratios Recurring revenue / Interest expense” 3.9x 44x (0.5)x EBITDA / Interest ex
Slide 26: Vinhomes Central Park - Ho Chi Minh City
\Vinhomes Central Park - He Chi Minh City,
Slide 27: 2023 Outlook
1Q2023 EARNINGS PRESENTATION 2023 Outlook e Industrials and Technology + VinFast to accelerate EV sales and product delivery of VF 8 and VF 9 in the U.S,, and implement global marketing campaign by opening more 1S, 2S and 3S stores in target geographies. Scale vehicle production to ensure timely del
Slide 28: Slide 28
Slide 29: Vingroup and The Founders' Efforts "For a Better Life of People" (1)
1Q2023 EARNINGS PRESENTATION Vingroup and The Founders' Efforts “For a Better Life of People” (1) 4 VINMEC Not-for-profit healthcare system invested & developed by Vingroup. Dedicated to an academic healthcare for people at local and global scales through innovative research and breakthrough that le
Slide 30: Vingroup and The Founders' Efforts "For a Better Life of People" (2)
1Q2023 EARNINGS PRESENTATION Vingroup and The Founders' Efforts “For a Better Life of People” (2) Vinschool continues transformation for better education quality, Vinmec collaborates with other medical facilities in the fight against Covid-19 accredited by CIS 43 43,000 2,660 1.9 million Campuses St
Slide 31: Vingroup and The Founders' Efforts "For a Better Life of People" (3)
1@2023 EARNINGS PRESENTATION “ Vingroup and The Founders' Efforts “For a Better Life of People” (3) VinBus hit the road in December 2021 to pioneer public green transportation in Vietnam ° 23 >250 suses CCTV SYSTEM LED PANEL SYSTEM VINFAST LOGO. Routes in 03 cities Ensure safe observation of Display
Slide 32: Company Information
1Q2023 EARNINGS PRESENTATION Company Information Vingroup Joint Stock Company (“Vingroup”), Vinhomes Joint Stock Company (“Vinhomes”), and Vincom Retail Joint Stock Company ‘s combined market capitalization: USD 21.2 billion as at 31 March 2023. Vingroup today bases its strategy on the principles of
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