Vietjet Aviation Joint Stock Company · HOSE:VJC
Vietjet Aviation Joint Stock — Q1 2026 Earnings Presentation
26 slides from Vietjet Aviation Joint Stock's earnings presentation, 2026
Slide 1: Q1.2026 Business Results
Q1.2026 BUSINESS RESULTS
Slide 2: Disclaimer
DISCLAIMER IMPORTANT: You must read the following before continuing, In accessing the attached summary information presentation (this “presentation”), you agree to be bound by the following terms and conditions. This presentation contains confidential information, You should not reproduce or distrib
Slide 3: Agenda
I. Vietjet’s Overview Agenda II. Industry Overview III. Investment Highlights IV. Financial Results in Q1.2026 V. Outstanding Events 3
Slide 4: Vietjet's Overview
VIETJET’S OVERVIEW • VietJet has actively contributed to developing diplomatic, economic, trade, and tourism relations between Vietnam and other countries. VietJet transforms Ho Chi Minh City and Ha Noi into global aviation hubs. • VietJet uniquely operates wide-body aircraft to intercontinental des
Slide 5: Vision and Mission
VISION AND MISSION TẦM NHÌN VISION VISION MISSION LOGISTICS CORE VALUE Operating and expanding an extensive To become a multinational airline with To complete an aviation service Safety – Happiness – Affordable – Punctual domestic, regional, and international the largest market share in Vietnam ecos
Slide 6: Brand Awareness
BRAND AWARENESS Strong domestic and regional brand recognition providing sustainable competitive advantage Top 500 Largest Companies in Southeast Asia World’s Best Ultra Low-Cost Airline TOP 10 World’s Best Low-Cost Airlines ASEAN’s Outstanding Enterprise in the Tourism Category Most Valuable Airlin
Slide 7: Development Milestones
DEVELOPMENT MILESTONES Vietjet has pioneered the LCC model in Vietnam Fleet Q1.2026 (as of 31/03/2026) ◼ Signed a financing agreement for 6 Boeing 737-8 aircraft. 2025 ◼ Signed an agreement with Pratt & Whitney to equip 44 Airbus A320neo aircraft with 108 DEVELOPMENT MILESTONES GTF engines, valued a
Slide 8: Leadership
LEADERSHIP • Mdm. Thao Nguyen is one of the founders of VietJet, Chairwoman of VietJet • Mr. Son Nguyen leads VietJet’s commercial operations, including network since 2023, before that Ms. Thao was the Vice Chairwoman, CEO since 2007. planning, sales, marketing, and revenue management. • She is also
Slide 9: Shareholder's Structure
SHAREHOLDER’S STRUCTURE Vietjet is fully trusted by reputational and capable investors around the world International Shareholders INTERNATIONAL SHAREHOLDERS Fubon FTSE Vietnam ETF Vaneck Vietnam ETF Tianhong Vietnam Thematic Fund(QDII) 6.4% Barclays Capital Securities CTBC Vietnam Equity Fund J.P.M
Slide 10: Agenda
I. Vietjet’s Overview Agenda II. Industry Overview III. Investment Highlights IV. Financial Results in Q1.2026 V. Outstanding Events Download app VietJet 10
Slide 11: Vietnam Macroeconomics
VIETNAM MACROECONOMICS Solid economic growth and favorable tourism provide strong tailwinds for Vietnam’s LCC market Robust GDP growth unstained, with Inflation remaining well under control GDP per capita increases drastically Source: World Bank Unit: USD Source: World Bank 4.5 3.5 3.5 3.2 3.2 3.3 3
Slide 12: Attractive Aviation Market
ATTRACTIVE AVIATION MARKET Vietnam’s economic and population potential created an attractive market for LCCs Highest GDP growth in the region High growth and rapidly urbanized population GDP growth, 2026 Forecast Source: IMF Source: World bank 98.9 99.7 100.4 101.0 102.0 98.1 7.1% 4.7% 5.0% 4.4% 3.5
Slide 13: Government's Pro-Aviation Initiatives
GOVERNMENT’S PRO-AVIATION INITIATIVES Ambitious infrastructure projects and new public policies provide necessary support for airlines Strengthening Vietnam’s aviation sector Key airport infrastructure projects through airport infrastructure • 2nd largest airport in Vietnam and the gateway to the No
Slide 14: Agenda
I. Vietjet’s Overview Agenda II. Industry Overview III. Investment Highlights IV. Financial Results in Q1.2026 V. Outstanding Events Download app VietJet 14
Slide 15: The Leading LCC in Vietnam
THE LEADING LCC IN VIETNAM Leverage our impressive network, capability, and favorable conditions to maintain our leads #1 LCC in International market share Largest Fleet in Vietnam Domestic International 50% 49% 108 42% 94 39% 7% 8% 5% 10 8 12 0% 1% 1% VASCO, Vietravel VASCO, Vietravel Pacific Airli
Slide 16: Extensive Networks for Connection and Expansion
EXTENSIVE NETWORKS FOR CONNECTION AND EXPANSION Extensive network enhances VietJet’s connectivity across Vietnam, Southeast Asia, and long-haul markets 45 DOMESTIC ROUTES 141 INTERNATIONAL ROUTES 16
Slide 17: Comprehensive Airline Ecosystem
COMPREHENSIVE AIRLINE ECOSYSTEM Fully Integrated Aviation Ecosystem Driving Operational Efficiency and Ancillary Growth VIETJET AIR ACADEMY DIVERSE PRODUCT AND SERVICE Modern and professional facility to create a Excellent Ancillary Services workforce capable of meeting aviation demand Advanced and
Slide 18: Best In-Line Cost Structure
BEST IN-LINE COST STRUCTURE Focuses on cost-optimization to maintain our cost advantages All-Airbus Fleet operated by VJC streamline operations and optimize costs Critical factors driving VietJet’s cost advantages A320 Young, Modern and 43 High aircraft 36 A321ceo Fuel-efficient fleet utilization an
Slide 19: Fleet Expansion
FLEET EXPANSION Significant commercial and financial potential secured with modern fleet and massive orderbook 108 aircraft in total, including 14 owned, Model # a/c Seat config Aircraft utilization of Wide body 15.0 hrs and Narrow body ~12.7 hrs A320 19 180 Technical reliability rate 99.64% A321CEO
Slide 20: Agenda
I. Vietjet’s Overview Agenda II. Industry Overview III. Investment Highlights IV. Financial Results in Q1.2026 VI. Outstanding Events Download app VietJet 20
Slide 21: Audited Financial Performance in 2025
AUDITED FINANCIAL PERFORMANCE IN 2025 Strong revenue growth driven by a material increase in aircraft trading revenue 1. Consolidated revenue surge achieved CAGR (2023-2025) of 19% 1.2. Ancillary revenue made up 39% of total aviation revenue Unit: USD mn Unit: USD mn 959 3,145 2,760 927 2,235 811 20
Slide 22: Audited Financial Performance in 2025
AUDITED FINANCIAL PERFORMANCE IN 2025 Resilient balance sheet to support strategy towards building diversified aircraft asset portfolio 3. Stable asset base scale up with additional aircraft asset 4. Sustainable and steady equity growth (tỷ đồng) Unit: USD mn Unit: USD mn 951 5,341 3,805 646 656 3,3
Slide 23: Financial Performance in Q1.2026
FINANCIAL PERFORMANCE IN Q1.2026 REVENUE BREAKDOWN Q1-2026 Q1-2025 YoY Passenger transportation revenue Consolidated revenue 797 688 17% (USDm) Ancillary revenue 33.0% Profit before tax 57.1% 43 32 37% Revenue from charter flights (USDm) 9.9% EBITDAR 237 183 17% (USDm) REVENUE BY GEOGRAPHIC LOCATION
Slide 24: Agenda
I. Vietjet’s Overview Agenda II. Industry Overview III. Investment Highlights IV. Financial Results in Q1.2026 V. Outstanding Events Download app VietJet 24
Slide 25: Outstanding Events in Q1.2026
OUTSTANDING EVENTS IN Q1.2026 Vietjet announced 5 new routes to China in celebration Vietjet was once again honored with the titles of Vietjet and AVIC Cabin Systems entered into a of the Vietnam - China Year of Tourism Cooperation, “World’s Best Ultra Low-Cost Airline” and “Top 10 Best comprehensiv
Slide 26: Thank You
THANK YOU Download app VietJet
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