Vingroup Joint Stock Company · HOSE:VIC
Vingroup Joint Stock — Investor Presentation (August 2024)
43 slides from Vingroup Joint Stock's investor presentation, August 2024
Slide 1: Vingroup Corporate Presentation
Vingroup Corporate Presentation August 2024
Slide 2: Important Notice
CORPORATE 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 “Comp
Slide 3: Table of Contents
CORPORATE PRESENTATION Table of Contents About Vingroup Key Competitive Advantages Macroeconomic Update Financial Highlights VinFast Electric Vehicle ~ VF 7
Slide 4: 1. About Vingroup
Slide 5: • • • • • 17% 6% 5% 1% 8% • • • •
• • • • • 17% 6% 5% 1% 8% • • • • • • 53% • • • • •
Slide 6: Sovereign Wealth Funds, Strategic Partners & Joint Ventures, Private Equity
• • • • • • • 1993 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 1H2024 Sovereign Wealth Funds Strategic Partners & Joint Ventures Private Equity Other Investors / Capital
Slide 7: Corporate Structure
CORPORATE PRESENTATION Corporate Structure Industrials - Technology? 50.7% Mv, Green Mot Entities listed on HOSE Entity isted on NASDAQ ihe eal 5 USD 62 billion! Real Estate Development and Services : USD 65 billion’ 69.3% |. Noms Real Estate Development GG3 vinpeart Hospitality and Entertainment US
Slide 8: ● ● ● ● ● ● ● ● ● ● ● ● ● ●
● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●
Slide 9: Vingroup and The Founders' Efforts "For a Better Life of People"
CORPORATE PRESENTATION Vingroup and The Founders' Efforts “For a Better Life of People” % An incubator of talent and largest private K-12 education system in Vietnam! 50 ~46,300 6,558 Campuses under operation in Students? Staffs? 5 provinces, municipalities® Largest education system in Vietnam with
Slide 10: Vingroup and The Founders' Efforts (cont'd): Vinmec
CORPORATE PRESENTATION Vingroup and The Founders’ Efforts “For a Better Life of People” (cont'd) Vinmec - Centers Of Excellence With Specialized Infrastructure And High-quality Offerings 10 3,710 1,505 7 4 c.5.1 million Years of Employees! Total bed capacity! General hospitals International clinics
Slide 11: Vingroup and The Founders' Efforts (cont'd)
CORPORATE PRESENTATION Vingroup and The Founders' Efforts “For a Better Life of People” (cont’d) _f viNBUS ‘A modern, smart electric bus fleet equipped with essential technologies, safety features available for the first time in Vietnam. VinBus has presence in three cities with 286 buses and operati
Slide 12: 2. Key Competitive Advantages
CORPORATE PRESENTATION 2 2. Key Competitive Advantages Favorable Macro-Economics in Vietnam and Across All Consumer Industries 2.2 Unparalleled Execution Capabilities in New Business Sectors 2.3 Dominant Integrated Real Estate Developer, Owner and Operator 2.4, largest Ecosystemin Vietnam with Marke
Slide 13: 2.1 Favorable Macro Economics in Vietnam
CORPORATE PRESENTATION 2.1 Favorable Macro Economics in Vietnam and Across All Consumer Industries
Slide 14: Philippines Singapore Philippines
Singapore Thailand Malaysia Indonesia Philippines Vietnam Singapore Malaysia Thailand Philippines Indonesia Vietnam Singapore Indonesia Philippines Thailand Vietnam Malaysia
Slide 15: 2022A 2023A 2024E
2022A 2023A 2024E 2025E 2026E 2027E 2022A 2023A 2024E 2025E 2026E 2027E 2022A 2023A 2024E 2025E 2026E 2027E Domestic tourists International tourists
Slide 16: MY TH PH
• • 35 • 30 • 25 20 15 10 5 0 MY TH PH SG ID VN 2016 2017 2018 2019 2020 2021 2022 2023
Slide 17: corp
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Slide 18: 2.2 Unparalleled Execution Capabilities in New Business Sectors
2.2 UNPARALLELED EXECUTION CAPABILITIES IN NEW BUSINESS SECTORS Outstanding Speed, Continuous Innovation and Always Target Exceptional Quality ELECTRICFICATION C FOUNDATION ) C > 300HA INTEGRATED MANUFACTURING COMPLEX completed within 21 Months! ® 1ST AND ONLY LARGE SCALE E-BUS operator in Vietnam 1
Slide 19: Highly-Automated and Integrated Manufacturing Facilities
2.2 UNPARALLELED EXECUTION CAPABILITIES IN NEW BUSINESS SECTORS Highly-Automated and Integrated Manufacturing Facilities On-site Integrated Supplier Park System in Vietnam Helps Lower Sourcing and Inventory Costs of Key Components Local Sourcing Select On-site Global Tier 1 Partners Key Benefits ern
Slide 20: Combining the Best of In-house and External Partners' Technologies
2.2 UNPARALLELED EXECUTION CAPABILITIES IN NEW BUSINESS SECTORS Combining the Best of In-house and External Partners’ Technologies Development Capabilities Strengthened by Shared Expertise of Vingroup and Global Partners @) ~ 1,200 in-house R&D professionals at VinFast and 200 software tH) engineers
Slide 21: 2.3 Dominant Integrated Real Estate Developer, Owner, and Operator
2.3 Dominant Integrated Real Estate Developer, Owner, and Operator THE 1,200-HA “OCEAN DISTRICT” OF HANOI'S EASTERN RESIDENTIAE MARKET
Slide 22: Vinhomes - Premium Integrated Offerings
2.3 DOMINANT INTEGRATED REAL ESTATE DEVELOPERS, OWNER, AND OPERATOR 22 Vinhomes - Premium Integrated Offerings of Apartments, Villas and Shophouses With Market Leading in All Segments That Vinhomes Has Products to Offer rd . % % 9 OS) RSE USD 28.9 billion seEsee" ° C.470, O00 Froresresacrose vena US
Slide 23: Vinpearl - Leading Integrated Hospitality Platform
2.3 DOMINANT INTEGRATED REAL ESTATE DEVELOPERS, OWNER, AND OPERATOR 23 Vinpearl - The Leading Integrated Hospitality Platform with Premium Resorts & Hotels Aq > § 4 ™ VINPEARL x Cee VinpearlGolf < s s 11,403 Rooms 7 Parks 4 Courses 7 Nar se potion Indofties y 1.6MM 5.9MM 122K wor 3) W ANNUAL ROOMS N
Slide 24: Vincom Retail - Dominant Retail Mall Player
2.3 DOMINANT INTEGRATED REAL ESTATE DEVELOPERS, OWNER, AND OPERATOR 24 Vincom Retail - Dominant Retail Mall Player With Best-In-Class Locations Nationwide All-in-one Multi - Format Retail Malls DESTRATICN Geen pmeemmaameal ‘ VINCOM CENTER (15% of total GFA) VINCOM MEGA MALL (31% of total GFA) out of
Slide 25: 2.4 Largest Ecosystem in Vietnam
CORPORATE PRESENTATION 2.4 Largest Ecosystem in Vietnam with Market seeictsalle) Across Multiple Businesses Fe
Slide 26: Largest Ecosystem in Vietnam with Market Leadership
2.4 LARGEST ECOSYSTEM IN VIETNAM WITH MARKET LEADERSHIP ACROSS MULTIPLE BUSINESSES 26 La rgest Ecosystem in Vietnam Book hotel/ enteptinment services With Market Leadership Across Multiple Businesses + The only company in Vietnam with extensive presence across the consumer ecosystem > 1PM 9AM « + Le
Slide 27: Leveraging Data Analytics for Deep Behavioral Understanding
2.4 LARGEST ECOSYSTEM IN VIETNAM WITH MARKET LEADERSHIP ACROSS MULTIPLE BUSINESSES ea Leveraging Data Analytics for Deep Behavioral Understanding and Continual Improvement of Platform Offerings “Vingrain EVinN ‘wy Vinsiopata Data Analytics CONSUMER DATA CONSUMER PREFERENCES Personalized Services & P
Slide 28: 2.5 Prudent Financial Policies And Strong Financial Position
2.5 Prudent Financial Policies And Strong Financial Position
Slide 29: Prudent Financial Policies and Strong Financial Position
2.8 PRUDENT FINANCIAL POLICIES AND STRONG FINANCIAL POSITION 29 Prudent Financial Policies and Strong Financial Position Liquidity * Minimum cash balance! of USD 700 million or above to avoid liquidity risk. management * Only Vietnamese issuer with access to multiple sources of capital, including do
Slide 30: Global Reputation and Good Execution Helped Attract Top-Tier International Investors
2.8 PRUDENT FINANCIAL POLICIES AND STRONG FINANCIAL POSITION Global Reputation and Good Execution Helped Attract Top-Tier International Investors Sovereign Wealth Funds cic TEMASEK Strategic Partners & Joint Ventures see Quanwne @LGChem Private Equity KKR_ Warsurc Pincus Other investors/ capital emp
Slide 31: • • • • • • • • • • • • • •
• • • • • • • • • • • • • • • • • • • • • • • • • • • • •
Slide 32: Committed to International Corporate Standards
2.8 PRUDENT FINANCIAL POLICIES AND STRONG FINANCIAL POSITION Committed to International Corporate Standards 1. Seasoned Management Teams for Every Business Segment > aA Chairwoman 23+ yrs experience 15+ yrs with Vingroup. ‘Wy Vineiepata Prof. Van Ha Vu Scientifi Director Percey F. Smith Chair ‘of Ma
Slide 33: Macroeconomic Updates
CORPORATE PRESENTATION Macroeconomic Updates V2
Slide 34: Total retail sales; Public Investment Disbursements
600 Total retail sales Retail sales of goods and services Services 500 400 Estimations in Jan-2024 300 Estimations in Apr-2024 200 100 0 1H2023 1H2024 VNM CHN IDN MYS PHL SGP THA Dec-2021 Jun-2022 Dec-2022 Jun-2023 Dec-2023 Jun-2024 1H2023 1H2024 Public Investment Disbursements (VND trn) % to annual
Slide 35: Q1 Q2 Q3
15 ▲ ▲ ▼ ▼ 12 9 6 3 - Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2022 2023 2024 2022 2023 2024 Banking 160 ▲ ▲ Real Estate 120 Securities 80 Construction 40 Others - Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2022 2023 2024
Slide 36: 4. Financial Highlights
Slide 37: Recurring revenue
2021 2022 2023 1H2023 1H2024 2021 2022 2023 1H2023 1H2024 2021 2022 2023 1H2023 1H2024 2021 2022 2023 1H2023 1H2024 Recurring revenue Property sales
Slide 38: Revenue by segment
2021 2022 2023 1H2023 1H2024 2021 2022 2023 1H2023 1H2024 2021 2022 2023 1H2023 1H2024 Property sales Industrials Hospitality & entertainment services Education Healthcare Leasing Others 2021 2022 2023 1H2023 1H2024 2021 2022 2023 1H2023 1H2024
Slide 39: 7,000 5,000 3,000 1,000 (1,000) (3,000) (5,000) 2021 2022 23 1H2023 1H2024 2021 2022
7,000 5,000 3,000 1,000 (1,000) (3,000) (5,000) 2021 2022 2023 1H2023 1H2024 2021 2022 2023 1H2023 1H2024 2021 2022 2023 1H2023 1H2024 900 700 500 300 100 (100) (300) 2021 2022 2023 1H2023 1H2024 2021 2022 2023 1H2023 1H2024
Slide 40: Assets, equity and leverage
Property sale Industrials Hospitality & entertainment Leasing Dec-21 Dec-22 Dec-23 Jun-24 2021 2022 2023 LTM2024 Healthcare & education Others Total Debt / EBITDA Net Debt / EBITDA Total assets Total equity
Slide 41: Debt breakdown and maturity
Bank borrowings and others Syndicated loan Corporate bond Revolving bank loan Less than 1 year 1-3 years 3-5 years More than 5 years Corporate bond Syndicated loan Bank borrowings & others
Slide 42: Leverage, Coverage and Other Ratios
CORPORATE PRESENTATION Leverage, Coverage and Other Ratios LTM2024 FY2023 Change Leverage ratios Net debt!?/ EBITDA? 3.0x 3.3x -0.3x Net debt! / (Total assets - cash & ST investments”) 26.7% 27.3% -51 Bps Coverage ratios Recurring revenue / Interest expense® 3.7x 3.9x -0.2x EBITDA / Interest expense
Slide 43: Company Information
Company Information Vingroup Joint Stock Company (referred to as “Vingroup" or "the Group”) is one of the largest listed companies in Vietnam as measured by market capitalization. Vingroup today bases its strategy on the principles of sustainability and professional management to operate in three ma
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