Slide 1: GELEX Group Business Performance Presentation for Q2-2024
GELEX Group Business Performance Presentation for Q2-2024
Slide 2: Terms and Acronyms
TERMS AND ACRONYMS AGM Annual General Meeting of Shareholders H1 The first half of the year AP Annual Plan IP Industrial Park Bn Billion M Month CM Construction Material MOU Memorandum of Understanding CPI Consumer Price Index NR Net Revenue EE Electrical Equipment NX Net Export FDI Foreign Direct I
Slide 3: Summary
SUMMARY 1. Vietnam Macroeconomic 3. Business Performance by Sectors Vietnam's GDP growth in Q2 reached 6.9%, driven by recovery In Q2, the EE sector recovered positively, with revenue of 5,222 in production, domestic consumption, and export activities. FDI bn VND, up 42.2% YoY. The CM sector showed
Slide 4: Vietnam Macroeconomic
1 VIETNAM MACROECONOMIC
Slide 5: Vietnam Macroeconomic
VIETNAM MACROECONOMIC GDP • GDP in Q2 increased by 6.9% YoY, higher than CPI • Inflation pressure is rising, with the average CPI for H1 expected due to the boost from recovery of production, increasing by 4.08%. domestic consumption, and exportation. • Inflation surged in H1 due to the food sector
Slide 6: Consolidated Business Performance
2 CONSOLIDATED BUSINESS PERFORMANCE
Slide 7: Main Business Sectors
MAIN BUSSINESS SECTORS 1. ELECTRICAL EQUIPMENT 3. UTILITIES Over 30 years leading in Vietnam electrical equipment market with top Energy: Experienced in investing and operating renewable energy brands, such as: CADIVI, THIBIDI, HEM, EMIC, CFT, MEE. projects with a total capacity of 245 MW (transferr
Slide 8: Consolidated Business Results
CONSOLIDATED BUSINESS RESULTS Net Revenue & Profofit Before Tax (bn VND) ▪ Consolidated NR Q2 reached 8,250 bn VND, up 23.9% QoQ and 3.2% 9.000 7.996 8.105 8.250 8.000 7.487 YoY, driven by strong recovery in the EE sector. This is the highest 6.410 6.660 7.000 6.000 consolidated NR for a quarter in
Slide 9: Net Revenue by Sectors
NET REVENUE BY SECTORS NR by sectors (Bn VND) NR structure Q2-2024 Electrical 9.000 3,5% 0,2% Equipment 8.000 7.000 Construction 9,6% Materials 6.000 5.000 Industrial Park & 4.000 Real Estate 23,4% 3.000 Utility 2.000 63,3% 1.000 - Others Q1-2023 Q2-2023 Q3-2023 Q4-2023 Q1-2024 Q2-2024 ▪ NR from the
Slide 10: Asset and Capital Structure
ASSET AND CAPITAL STRUCTURE (Unit: bn VND) 31/12/23 30/06/24 YTD (%) ASSET STRUCTURE Long-Term Other Long- Cash & Short- Total Asset 55,077 52,443 -4.8% Financial Term Assets Term Financial Investments 7% Investments 5% 15% • Short-term asset 20,299 22,464 10.7% Long-Term Work-in- Short-Term Progres
Slide 11: Healthy Financial Position
HEALTHY FINANCIAL POSITION 31/12/2023 31/03/2024 30/06/2024 Leverage Ratios ▪ Liability/ Total Asset 61.5% 60.2% 57.5% ▪ Loan/ Equity 94.2% 93.5% 77.8% Liquidity Ratios ▪ Current ratio 1.08 1.16 1.34 ▪ Net Debt/ EBITDA (<=3.5) 1.80 2.00 1.52 ▪ Debt Service Coverage Ratio 1.73 1.60 1.60 (DSCR) (>=1.5
Slide 12: Business Performance by Sectors
3 BUSSINESS PERFORMANCE BY SECTORS
Slide 13: Business Performance – Electrical Equipment
BUSINESS PERFORMANCE – ELECTRICAL EQUIPMENT ▪ NR of EE sector in Q2 reached 5,222 bn VND, an increase of 44.9% QoQ NR and GP of EE sector (bn VND) and 42.2% YoY, thanks to the growth exceeding the plan of CFT and 6.000 14,2% 16,0% 12,9% 14,0% especially CADIVI. CADIVI recorded positive business resu
Slide 14: Business Performance – Construction Materials
BUSINESS PERFORMANCE – CONSTRUCTION MATERIALS NR and GP of CM sector (bn VND) ▪ NR of the CM sector in Q2 reached 1,928 bn VND, up 36.2% QoQ but 2.500 16,3% 18,0% 15,0% 16,0% down 10.9% YoY. 2.000 12,9% 12,5% 14,0% ▪ GP margin in Q2 reached 16.3%, a significant improvement, up 6.9% QoQ and 12,0% 1.5
Slide 15: Business Performance – IP&RE
BUSINESS PERFORMANCE – IP&RE NR and GP of IP&RE sector (bn VND) 2.000 70,0% ▪ NR of IP&RE sector in Q2 reached 788 bn VND, decreased by 55.7% YoY and 60,0% 36.5% QoQ. 1.500 43,9% 50,0% 40,0% 1.000 788 ▪ GP Margin in Q2 was 43,9%, a decrease compared to Q1 and lower than 30,0% the full-year GP Margin
Slide 16: Business Performance – Utilities
BUSINESS PERFORMANCE – UTILITIES NR and GP of Utilities sector (bn VND) 500 50,0% 400 29,1% 40,0% 300 30,0% 200 292 20,0% 85 100 10,0% 0 0,0% Q1-2023 Q2-2023 Q3-2023 Q4-2023 Q1-2024 Q2-2024 NR GP GP Margin ▪ NR of Utilities sector in Q2 was 292 bn VND, a sharp decrease YoY and QoQ, due to the transf
Slide 17: Notable Activities
fl ie Rsssss3. NOTABLE ACTIVITIES BONG NIEN 2024 ‘TP. HO CHI MH. Ngey 03/08/2020
Slide 18: Notable Activities in Q2-2024
NOTABLE ACTIVITIES IN Q2-2024 GELEX signs a MOU with FPT The two Groupss plan to VIGLACERA held the 2024 collaborate in 4 areas: digital AGM of Shareholders transformation, telecommunications The AGM approved the business infrastructure, data centers, and plans for 2024, with a Net semiconductors. T
Slide 19: Notable Activities in Q2-2024
NOTABLE ACTIVITIES IN Q2-2024 GELEX appointed new CADIVI appointed senior Deputy General Director leadership GELEX has appointed Mr. Le Tuan CADIVI announced the appointment Anh as Deputy General Director, of Mr. Le Ba Tho as Chairman of effective on May 23, 2024. Mr. Le the BOD and Mr. Ho Quang Nha
Slide 20: 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