Vingroup Joint Stock Company · HOSE:VIC
Vingroup Joint Stock — Q2 2024 Earnings Presentation
31 slides from Vingroup Joint Stock's earnings presentation, Nov 6, 2024
Slide 1: 2Q2024 Earnings Presentation
GROUP 2Q2024 Earnings Presentation
Slide 2: Important Notice
2Q2024 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
2Q2024 EARNINGS PRESENTATION Table of Contents 1 Macroeconomic Updates 2 Operational Updates 3 Financial Summary 4 2H2024 Outlook
Slide 4: Key Highlights
2Q2024 EARNINGS PRESENTATION Key Highlights C1) Macroeconomic 1H24 fundamentals remain solid, conducive for strong performance in 2H24 e Industrials - Technology Encouraging results in 224. Enhanced focus on seizing near-term opportunities sisal (3) Trade and Services Solid performance across busine
Slide 5: Macroeconomic Updates
4 EARNINGS PRESENTATION 1.Macroeconomic Updates APs:
Slide 6: Total retail sales and 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 7: Sector trends by quarter
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 8: Operational Updates
— 3.0p "3, Operational Updates — i :
Slide 9: VinFast Operational highlights
v-ST NAW a V v VINFAST Operational highlights EV deliveries in 1H2024 Charging points2) Showrooms®)
Slide 10: VinFast VF 3 - Creating a New Sensation in the Vietnam Mobility Market
2Q2024 EARNINGS PRESENTATION 10 VinFast VF 3 - Creating a New Sensation in the Vietnam Mobility Market VF3 — The Game-changer The VinFast VF 3 is expected to be as a game-changer in the EV market, especially due to itsaffordability and practical features aimed at young urban drivers. Features includ
Slide 11: Proud of Vietnamese Spirit - For a Green Future Campaign
2Q2024 EARNINGS PRESENTATION Building on the Vietnam Momentum with the Launch of Proud of Vietnam Spirit - For a Green Future Campaign In June 2024, Vingroup & VinFast launched the campaign Proud of Vietnamese Spirit - For a Green Future to call on the entire community to join hands in developing a
Slide 12: Strengthening Global Brand Recognition - Asian Market in Focus
Strengthening Global Brand Recognition - Asian Market in Focus # of Showrooms Asia North America EMEA 5 operating showrooms outside of Vietnam, including 2 in Indonesia Canada: 10 operating showrooms in British Columbia, Europe: 13 operating showrooms in and 3 in Philippines? Ontario, Quebec, Toront
Slide 13: Real Estate and Services
2Q2024 EARNINGS PRESENTATION Real Estate and Services .oes ee ee 4 i Nate. Adjusted
Slide 14: Real estate performance charts
• 120.0 120 100.0 100 80.0 • 80 • 60.0 60 40.0 40 20.0 20 • - 0 • 2020 2021 2022 2023 1H2023 1H2024 Dec-20 Dec-21 Jun-22 Dec-22 Jun-23 Dec-23 Jun-24 • • • • • • • 2020 2021 2022 1Q2023 2Q2023 3Q2023 4Q2023 2023 1Q2024 2Q2024
Slide 15: Community Engagement through Innovative Attractions and Initiatives
2Q2024 EARNINGS PRESENTATION Community Engagement through Innovative Attractions and Initiatives Walking Street - Vu Yen Park and Vinpearl Horse Academy Grand Opening Vinhomes Royal Island launched Walking Street - Vu Yen Park, Vinpearl Horse Academy, and the Wonder Island International Music Festiv
Slide 16: Number of visitors and YoY growth
No. of visitors ('000 of people) YoY Growth (times) 3,000 4.0 3.5 2,500 3.0 2,000 2.5 1,500 2.0 1.5 1,000 1.0 500 0.5 - - 1H2019 1H2020 1H2021 1H2022 1H2023 1H2024 S. Korea China Taiwan The US Japan Malaysia 1H2019 1H2020 1H2021 1H2022 1H2023 1H2024
Slide 17: Hospitality quarterly metrics
2Q2019 2Q2023 3Q2023 4Q2023 1Q2024 2Q2024 2Q2019 2Q2023 3Q2023 4Q2023 1Q2024 2Q2024 2Q2019 2Q2023 3Q2023 4Q2023 1Q2024 2Q2024 2Q2019 2Q2023 3Q2023 4Q2023 1Q2024 2Q2024
Slide 18: Hospitality: Discover New Destinations
2Q2024 EARNINGS PRESENTATION Hospitality: Discover New Destinations - Exciting Experiences for Visitors from Near and Far VinWonders Cua Hoi - the largest entertainment complex in North Central Vietnam Nghe An. v First Sea-Crossing Cable Carin North Central Vietnam. ¥ Commercial Districts entertainm
Slide 19: 2Q2024 EARNINGS PRESENTATION
2Q2024 EARNINGS PRESENTATION
Slide 20: Education & Healthcare: Solidifying Our Role as Pioneers
2Q2024 EARNINGS PRESENTATION Education & Healthcare: Solidifying Our Role as Pioneers through Exemplary Achievements and Innovations Five more campuses accredited by CIS, building the confidence of A < Vinschool’s quality Vinschool’s students ended the school year of 2023-24 with several valuable ac
Slide 21: Technology & Retail: Discovering Breakthroughs in The Next Frontier
2Q2024 EARNI PRESENTATION a Technology & Retail: Discovering Breakthroughs in The Next Frontier VinAl unveiled cutting-edge Al products & VinBigData’s products recognized by reputable » g-ecg P BEVInA international/domestic organizations Aye Vineicpata Introduced two advanced Al products: Y SwiftBru
Slide 22: Financial Summary
Z 3. Financial Summary
Slide 23: Recurring revenue and property sales
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 24: 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 25: Profit and EBITDA charts
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 26: Assets, equity and debt/EBITDA
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 27: Debt composition 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 28: Leverage, Coverage and Other Ratios
2Q2024 EARNINGS 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 e
Slide 29: 2H2024 Outlook
Dee 2Q2024 EARNINGS PRESEN 29 4. 2H2024 Outlook
Slide 30: 2H2024 Outlook and Plan
Pp . ume 2H2024 Outlook q 2H 2024 Outlook and Plan a FY Ss t C) Industrials - Technology we + Revised guidance to 80,000 cars in 2024, building on momentum in domestic market and focusing on seizing near-term opportunities in a more selective group of potential markets. + Product planning: VF 3 to b
Slide 31: Company Information
Company Information Vingroup today bases its strategy on the principles of sustainability and professional management to operate in three major business segments: «Industrials - Technology = VinFast, the first and largest domestic comprehensive automobile manufacturer and electric scooter producer i
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