Ssi Securities Corp. · HOSE:SSI
Ssi Securities — Investor Presentation (August 2025)
39 slides from Ssi Securities's investor presentation, August 2025
Slide 1: SSI Investor Presentation
. Aug 2025 SSI INVESTOR PRESENTATION .
Slide 2: Market Update
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Slide 3: Stock Market | Market Overview
STOCK MARKET| MARKET OVERVIEW Market cap per GDP (%) Average daily trading value (USD mn) Market Cap Market Cap/ GDP 1,156 400 100% 94% 350 90% 61% 862 826 60% 80% 820 300 730 68% 57% 70% 250 55% 60% 56% 58% 200 50% 150 40% 319 280 30% 207 100 20% 50 10% 0 0% 2018 2019 2020 2021 2022 2023 2024 1H25
Slide 4: Stock Market | A Good Time to Invest
STOCK MARKET| A GOOD TIME TO INVEST Valuation is reasonable and attractive … with high earnings growth prospect 1Y FW P/E 5Y Average 25 14.10 13.44 12.81 11.99 20 11.10 10.96 10.28 15 12.75 10 10.96 5 0 Vietnam Indonesia Malaysia Thailand Philippines Singapore China Source: Bloomberg
Slide 5: An Emerging Market Is Forming
AN EMERGING MARKET IS FORMING KRX WILL ALLOW TO CCP, BRINGING VIETNAM CLOSER TO INTERNATIONAL BENCHMARK Previous KRX The KRX system, designed by the Korea Exchange (FPT- based) (KRX), is an information technology solution offering a variety range of products such as stocks, bonds, repo, Maximum dail
Slide 6: Criteria That Vietnam Need to Fulfil to Be Eligible for E.M Upgrade
CRITERIA THAT VIETNAM NEED TO FULFIL TO BE ELIGIBLE FOR E.M UPGRADE MSCI EMERGING MARKET FTSE SECONDARY EMERGING MARKET Formal stock market regulatory authorities actively monitor market Market capitalization (e.g., SEC, FSA, SFC) No objection to or significant restrictions or penalties applied to t
Slide 7: An Emerging Market Is Forming
AN EMERGING MARKET IS FORMING NON-PREFUNDING IS BRINGING VIETNAM CLOSER TO EMERGING MARKET Nov-2024 Sept-2025 Securities firms may offer NPS to foreign institution FTSE possibly announces to clients add Vietnam into E.M May-2025 2027-2028 KRX trading system Vietnam to be included in the officially p
Slide 8: An Emerging Market Is Forming
AN EMERGING MARKET IS FORMING Emerging Markets Indexes - Market Cap (Bn USD) 9,120 Frontier Markets Indexes - Market Cap (Bn USD) 134 104 97.5 7,853 7,831 MSCI Frontier Markets MSCI Frontier Markets FTSE Frontier Series REQUIREMENTS MSCI Emerging Markets MSCI Emerging Markets IMI FTSE Emerging Index
Slide 9: Emerging Market Country Weight (FTSE)
EMERGING MARKET COUNTRY WEIGHT (FTSE) EMERGING MARKET COUNTRY WEIGHT 34.46% 21.41% 17.34% USD 1-1.5bn Inflow 4.50% 4.51% 3.43% 1.65% 1.82% 2% 2.14% 1.02% 1.50% 1.41% 1% 1% Philippines Qatar Turkiye Vietnam Indonesia Thailand UAE Malaysia Mexico South Africa Brazil Saudi Arabia Taiwan India China Sou
Slide 10: A Premier Client Franchise
Lu e I O Zz <x [a LL. A PREMIER CLIENT SSI
Slide 11: A Leading Client Franchise
A LEADING CLIENT FRANCHISE 12/2024: Charter capital was raised to USD 776 million. 12/2018: The Company’s name changed to SSI Securities Corporation. 10/2007: SSI stock was listed on HNX in 2006, then 2Q.2025 switched to the HOSE. 12/1999: Total Asset: USD 3,568 million SSI was established Owners’ E
Slide 12: A Leading Client Franchise: Core Values, Mission, Vision
A LEADING CLIENT FRANCHISE Core Values Mission Vision S Connect Capital to Opportunities The Business of Success Solutions-Led: We are focused on the A trusted life-time partner with our Maximize value and benefits outcome of making our customers retail and institutional clients - helping to clients
Slide 13: Transition into a Data Driven Financial Solution Firm
TRANSITION INTO A DATA DRIVEN FINANCIAL SOLUTION FIRM Data driven business and continuous Automate and Digitize Processes across the product innovation for better market organization to improve efficiency penetration Prepare well for the development of new Improve the quality and availability of pro
Slide 14: iBoard - One Stop Shop for Retail Investor
IBOARD - ONE STOP SHOP FOR RETAIL INVESTOR • Available for both web & app version • Fully digital process for all transactions via iBoard. • Real-time data integration with diversify of analytic tools to helps client make decision faster. • Various of screening filters to help client create a tailor
Slide 15: Diverse Range of Investment Products and Services on the Market
DIVERSE RANGE OF INVESTMENT PRODUCTS AND SERVICES ON THE MARKET Securities Firms back by Fund Management Products Standalone Securities Firms Commercial Banks Companies Equity Brokerage Fixed Income Derivatives (Futures, CW) Exchange Traded Fund Open Ended Fund
Slide 16: Diverse Range of Investment Products and Services on the Market
DIVERSE RANGE OF INVESTMENT PRODUCTS AND SERVICES ON THE MARKET Securities Firms back by Commercial Services Standalone Securities Firms Banks Brokerage service Margin lending Research service Copy-trade service Robo-advisor service Promotion campaign* (*): Promotion campaigns mainly come from free
Slide 17: Sustainable Business Model
SUSTAINABLE BUSINESS MODEL WELL-BALANCED BETWEEN 5 BUSINESS LINES Principal Retail Institutions Investment Asset #2 Brokerage #2 Sales Banking Management Investment & Treasury ~9% Market share 20% Market share • Debt and Equity Capital + USD 800Mn AUM • Balance Sheet raising • Open-ended Funds • Liq
Slide 18: Brokerage & Securities Services
BROKERAGE & SECURITIES SERVICES #1 individual broker team: Over 800 full-time staff Hanoi 2 Branches #1 coverage network across the country 3 Transaction offices #2 brokerage market share Haiphong 1 Branch Stable market share among brokerage houses 16.02% Nha Trang 10.47% 1 Representative Office 7.4
Slide 19: Retail Brokerage & Securities Services
RETAIL BROKERAGE & SECURITIES SERVICES Top Margin lending book (Mn USD) 1,400 2,500 2.5 1,297 1,271 1,200 2,000 2.0 1,000 1,500 1.5 800 760 735 669 600 1,000 1.0 491 433 408 400 500 0.5 200 0 0.0 0 SSI VCI TCBS HCM VPS MASC VND MBS SSI VCI TCBS HCM VPS MASC VND MBS Outstanding Margin loans Room for
Slide 20: Best In-Class Institutional Brokerage Team
BEST IN-CLASS INSTITUTIONAL BROKERAGE TEAM Best in-class Institutional Brokerage Team • Top 3 Best Traders & Top 3 Best Sales in Vietnam - voted by international investors for 7 years in a row • Diversified execution channels: BBG, iFix, DMA, etc. • In charge of landmark historic IPO and M&A deals i
Slide 21: Leading Investment Bank
LEADING INVESTMENT BANK With expansive investor network worldwide Global investor network Access to most prestigious investors International partnerships 2015, 2018, 2019, 2022 “Best ECM House in Vietnam” 2010, 2011, 2014, 2016, 2018, 2019 “Best Investment Bank” 2022 “Best Equity House in Vietnam”
Slide 22: Leading Investment Bank: Successful Transactions
LEADING INVESTMENT BANK With numerous successful transactions MB Bank Vietnam National Petroleum Group (PLX) Petrolimex & PGBank Private placement and sales of Sales of treasury share Divestiture through Public Auction treasury shares US$56.1 mn US$109 mn US$100 mn Sole Advisor Advisor Sole Bookrunn
Slide 23: Most Active Treasury & Principal Investment Team
MOST ACTIVE TREASURY & PRINCIPAL INVESTMENT TEAM Partnership with well-known financial institutions Active Treasury team • Maintain the company’s capital intact & diversify its structure • Prudently and accurately manage cash flow for investors Leading Securities Company in issuance & market making
Slide 24: SSIAM – Leading Asset Manager in Vietnam
SSIAM – LEADING ASSET MANAGER IN VIETNAM USD 800 Million AUM 50 Employees 18 - Year Operating History 13 Funds Long-term partners in Operation As end of June 2025
Slide 25: SSIAM – Leading Asset Manager in Vietnam
SSIAM – LEADING ASSET MANAGER IN VIETNAM AUM BY PRODUCT TYPE COMPREHENSIVE PRODUCT OFFERINGS THAT BEST FIT DEMAND Private Wealth 2% EXCHANGE TRADED 1% Management and MUTUAL FUNDS MEMBER FUNDS FUNDS ILPs Investment Advisory Fixed Income EQUITY PRIVATE EQUITY 15% SSI Sustainable Leading international
Slide 26: SSI Strategy
SSI SSI STRATEGY Vv
Slide 27: Building a Comprehensive Financial Ecosystem
BUILDING A COMPREHENSIVE FINANCIAL ECOSYSTEM Strengthening brokerage market share, expanding Developing Wealth Management services, derivative products, and algorithmic trading providing comprehensive financial solutions for affluent clients. Expanding margin lending, securities repos, Developing op
Slide 28: Technology Investment & Digital Transformation
TECHNOLOGY INVESTMENT & DIGITAL TRANSFORMATION Ensuring transparent, secure transactions and Upgrading the trading system, increasing processing improving processing speed. speed, and integrating AI-powered investment support. Providing market analysis tools and personalized A single app integrating
Slide 29: Strengthening Financial Capacity & Expanding Investment Portfolio
STRENGTHENING FINANCIAL CAPACITY & EXPANDING INVESTMENT PORTFOLIO With the current #1 charter capital in the market), SSI will seek further capital-raising opportunities to support business expansion. Expanding investments into strategic Strengthening risk control sectors such as Fintech, Industrial
Slide 30: Sustainability & ESG - Leading Green Finance
SUSTAINABILITY & ESG- LEADING GREEN FINANCE • Developing ESG investment products and financing renewable energy projects. • Reducing carbon footprint and adopting green office models. • Increasing investments in companies with sustainable business models.
Slide 31: Global Expansion - Strengthening SSI's Regional Presence
GLOBAL EXPANSION- STRENGTHENING SSI’S REGIONAL PRESENCE Strengthening relationships with investment funds and global banks. Expanding into Southeast Asia and becoming a key financial hub for capital flow in the region. Aligning with international standards to facilitate foreign investor access to Vi
Slide 32: Strong Financial Capabilities
. STRONG FINANCIAL CAPABILITIES
Slide 33: Solid Financial Capabilities
SOLID FINANCIAL CAPABILITIES Total Assets Owners’ Equity #1 USD 3,568 Million #2 USD 1,086 Million 3,568 2,499 1,839 1,341 1,233 1,153 1,086 951 840 753 491 477 390 379 SSI TCBS VND HSC VPS MASC VCI Total assets Owner's Equity Unit: Mn USD As end of June 2025
Slide 34: Resilient Earnings
RESILIENT EARNINGS Revenue shows stable growth rates over years Revenue breakdown by core business units 450 2% 382 400 3% 5% 20% Brokerage services 350 Margin loans 300 250 Principal Investment 200 Treasury 343 345 150 277 301 SSIAM 46% 24% 100 202 IB & Others 145 50 0 2019 2020 2021 2022 2023 2024
Slide 35: 1H2025 Earnings Update
1H2025 EARNINGS UPDATE Quarterly Revenue and Profit Before Tax (USD mn) 1H25 Revenue breakdown by core business units 1.9% 0.6% 120 60% 5.0% 15.0% Securities Services (brokerage 100 50% & custodian) 80 40% Margin loans & Receivable 60 30% Principal Investment 40 20% Treasury 30.0% 20 10% 47.0% SSIAM
Slide 36: Visionary and Solid Leadership
EXCEPTIONAL MANAGEMENT TEAM NGUYEN DUY HUNG NGUYEN HONG NAM Founder, Chairman BOD Member With decades of experience in the Mr. Nam is the co-founder of SSI, VISIONARY AND SOLID LEADERSHIP securities and investment with +20 years of management industry, Mr. Hung is a nationally experience and in-dept
Slide 37: Visionary and Solid Leadership
EXCEPTIONAL MANAGEMENT TEAM Mr. NGUYEN DUC THONG Ms. NGUYEN VU THUY HUONG CEO Senior MD, Investment & Treasury • +12 years’ experience in financial • 20+ years’ experience at SSI market with GS, MS and SSI • MSc in Applied Finance from • MSc in Information Engineering VISIONARY AND SOLID LEADERSHIP
Slide 38: Awards
AWARDS SSI SSIAM • 2017, 2020 – 2022 “Best equity adviser” • 2012, 2013, 2016 “Best Fund House in Vietnam” • 2018 – 2022 “Best corporate and institutional adviser, domestic” • 2012, 2013, 2014, 2015, 2016, 2020, 2022 “CEO of the Year” • 2013, 2014, 2015 “CIO of the Year” • 2017 – 2020, 2022 “Best Re
Slide 39: Thank You!
. Thank You! For all related inquiries, kindly contact: SSI Investor Relations ▪ Website: https://www.ssi.com.vn/en/investor-relation ▪ Email: investorrelation@ssi.com.vn ▪ Telephone: (+84-24) 3936 6321 ▪ Address: 1C Ngo Quyen Street, Ly Thai To Ward, Hoan Kiem District, Hanoi, Vietnam