Vingroup Joint Stock Company · HOSE:VIC
Vingroup Joint Stock — Investor Presentation (September 2025)
47 slides from Vingroup Joint Stock's investor presentation, September 2025
Slide 1: Vingroup Corporate Presentation
Vingroup Corporate Presentation September 2025
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 2025 Outlook 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 2024 Sovereign Wealth Funds Strategic Partners & Joint Ventures Private Equity Other Investors / Capital
Slide 7: Corporate Structure
CORPORATE PRESENTATION Corporate Structure VincRouP Industrials - Technology! Real Estate Development Infrastructure Green Energy Social Enterprises and Services 61.4% - - 507% a Green Mobility 73.5% {Real Estate Wes Railway Wea \E Green Energy 100% | che Healtheare & VINHOMES Development vinspcen D
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” v VINSCHOOL VINUNIVERSITY An incubator of talent and largest private K-12 education system in Vietnam! Auniversity of excellence - Developing talents for the future 54 ~48,000 ~4,300 The Youngest c.1,360 O04 Camp
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 13+ 2,314 9 5 2 c.4.7 million % Years of Total bed General hospitals! Clinics! Research centers! Number of outpat
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 302 buses’ and operat
Slide 12: 2. Key Competitive Advantages
CORPORATE PRESENTATION 2. Key Co Favorable Macro-Economics in Vietnam and Across All Consumer Industries Unparalleled Execution Capabilities in New Business Sectors Dominant Integrated Real Estate Developer, Owner and Operator Largest Ecosystem in Vietnam with Market Leadership Across Multiple Busin
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 Indonesia Thailand Philippines Vietnam Indonesia Singapore Malaysia Thailand Philippines Vietnam
Slide 15: Tourism arrivals and receipts
30.0 150.0 130.0 25.0 110.0 20.0 90.0 15.0 70.0 50.0 10.0 30.0 5.0 10.0 0.0 -10.0 2024 2025E 2026E 2027E 2028E 2029E 2030E 2024 2025E 2026E 2027E 2028E 2029E 2024 2025E 2026E 2027E 2028E 2029E Total tourist arrivals, million International tourism receipts, USD billion
Slide 16: Public Investment Disbursements
• • • • Public Investment Disbursements (VND trn) % to annual budget plan 900 90% 720 75% 540 60% 360 45% 180 30% 0 15% 2020 2021 2022 2023 2024 2025T 2024 2030
Slide 17: 2.2 Unparalleled Execution Capabilities in New Business Sectors
2.2 Unparalleled Execution Capabilities in New Business Sectors
Slide 18: Outstanding Speed, Continuous Innovation and Exceptional Quality
2.2 UNPARALLELED EXECUTION CAPABILITIES IN NEW BUSINESS SECTORS 18 Outstanding Speed, Continuous Innovation and Always Target Exceptional Quality ELECTRICFICATION ) ((_PURE-PLAY EV AND GLOBAL EXPANSION __) C FOUNDATION ) C ® ® 300HA INTEGRATED MANUFACTURING COMPLEX completed within 21 Months! TIMELI
Slide 19: State-Of-The-Art Factory in Vietnam
2.2 UNPARALLELED EXECUTION CAPABILITIES IN NEW BUSINESS SECTORS State-Of-The-Art Factory in Vietnam Sets the Basis for Manufacturing Excellence Hai Phong Factory Key shops pune June 2018 + Press + Body Size 348 ha + Paint fe) Current i oO oaettyy 300K units ann + Electronic device + + Assembly Local
Slide 20: Ha Tinh, India, Indonesia factories
2024 Ha Tinh (VN) India Indonesia 2025
Slide 21: Vertically-Integrated and Locally Sourced Manufacturing
2.2 UNPARALLELED EXECUTION CAPABILITIES IN NEW BUSINESS SECTORS Vertically-Integrated and Locally Sourced Manufacturing as a Key Distinction Allowing VinFast to effectively mitigate risks of production disruptions through a great control of the supply chain Fully Integrated Cell and Pack with In-Hou
Slide 22: In-House Engineered Technology
In-House Engineered Technology – Innovative solutions developed by Vingroup’s expert engineers for smart and secure EVs °
Slide 23: 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 24: Vinhomes - Premium Integrated Offerings
2.3 DOMINANT INTEGRATED REAL ESTATE DEVELOPERS, OWNER, AND OPERATOR 24 Vinhomes - Premium Integrated Offerings of Apartments, Villas and Shophouses delivering Market-Leading Products with Green Design and Infrastructure SOM cs WSDies.2 billion sea“ Paracel Islands C.505,619 — troveenesacrossviemnane
Slide 25: Vinpearl - Leading Integrated Hospitality Platform
2.3 DOMINANT INTEGRATED REAL ESTATE DEVELOPERS, OWNER, AND OPERATOR 26 Vinpearl - The Leading Integrated Hospitality Platform with Premium Resorts & Hotels 4 4 aes e VINPEARL Gvnswantiss Vinpear|Golf ee eo » c.16,500 Rooms 12 Parks 4 Courses . ’ 33 HOTELS! i] RR PINUS ERO AST AE MEADE eo oe %, In 18
Slide 26: Vincom Retail - Dominant Retail Mall Player
2.3 DOMINANT INTEGRATED REAL ESTATE DEVELOPERS, OWNER, AND OPERATOR 26 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 3
Slide 27: 2.4 Largest Ecosystem in Vietnam
CORPORATE PRESENTATION 2. 4 Largest Ecosystem in Vietnam with Market secleiisialle)) Across Multiple Businesses Fe
Slide 28: Largest Ecosystem in Vietnam with Market Leadership
2.4 LARGEST ECOSYSTEM IN VIETNAM WITH MARKET LEADERSHIP ACROSS MULTIPLE BUSINESSES 28 TIAM Largest Ecosystem in Vietnam Book hotel/ Entertainment services With Market Leadership Across Multiple Businesses + The only company in Vietnam with extensive presence across the consumer ecosystem = 1PM 9AM H
Slide 29: Leveraging Data Analytics for Deep Behavioral Understanding
2.4 LARGEST ECOSYSTEM IN VIETNAM WITH MARKET LEADERSHIP ACROSS MULTIPLE BUSINESSES 29 Leveraging Data Analytics for Deep Behavioral Understanding and Continual Improvement of Platform Offerings Technology Companies Data Analytics CONSUMER DATA CONSUMER PREFERENCES Personalized Services & Products °
Slide 30: 2.5 Prudent Financial Policies And Strong Financial Position
2.5 Prudent Financial Policies And Strong Financial Position
Slide 31: Prudent Financial Policies and Strong Financial Position
2.8 PRUDENT FINANCIAL POLICIES AND STRONG FINANCIAL POSITION a 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 dom
Slide 32: Global Reputation Helped Attract Top-Tier International Investors
Global Reputation and Good Execution Helped Attract Top-Tier International Investors Sovereign Wealth Funds Equity Capital Markets Banking Public Partners Markets Strategic Partners & Joint Ventures Convertible / Exchangeable Bond Markets Private Internal International Debt Capital Markets Private E
Slide 33: • • • • • • • • • • • • • •
• • • • • • • • • • • • • • • • • • • • • • • • • •
Slide 34: Committed to International Corporate Standards
2.8 PRUDENT FINANCIAL POLICIES AND STRONG FINANCIAL POSITION Committed to International Corporate Standards Seasoned Management Teams for Every Business Segment Chairwoman 23+ yrs experience 15+ yrs with Vingroup. oO Ms. Phan Ha Thuy Chie Executive Officer 20+ yrs experience 9 yeswith Vingroup Ms. L
Slide 35: Macroeconomic Updates
CORPORATE PRESENTATION 3 Macroeconomic Updates V2
Slide 36: Macroeconomic indicators 1H2025
1H2024 1H2025 1H2024 1H2025 Indonesia Malaysia The Philippines Thailand Vietnam 1H2021 1H2022 1H2023 1H2024 1H2025 2H2022 1H2023 2H2023 2H2024 1H2025 Public Investment Disbursements (VND trn) ✓ % to annual budget plan 600 350 32% ✓ 300 500 250 26% 400 ✓ Total retail sales 200 300 Retail sales of goo
Slide 37: Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4
15 240 ▼ ▼ ▲ 200 12 160 9 120 6 80 3 40 - - Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2023 2024 2025 2023 2024 2025 2023 2024 2025 8 ▲ ▲ 6 4 2 - Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2023 2024 2025 2023 2024 2025
Slide 38: 4. Financial Highlights
Slide 39: Property revenue and non-property revenue
2022 2023 2024 1H2024 1H2025 2022 2023 2024 1H2024 1H2025 2022 2023 2024 1H2024 1H2025 2022 2023 2024 1H2024 1H2025 Property revenue Non-property revenue
Slide 40: Revenue by segment
2022 2023 2024 1H2024 1H2025 2022 2023 2024 1H2024 1H2025 2022 2023 2024 1H2024 1H2025 Property sales Industrials Hospitality & entertainment services Education Healthcare Others 2022 2023 2024 1H2024 1H2025 2022 2023 2024 1H2024 1H2025
Slide 41: 7000.0 5000.0 3000.0 1000.0 (1000.0) (3000.0) (5000.0) 2022 2023 2024 1H2024 1H2025 2022 2023
7000.0 5000.0 3000.0 1000.0 (1000.0) (3000.0) (5000.0) 2022 2023 2024 1H2024 1H2025 2022 2023 2024 1H2024 1H2025 2022 2023 2024 1H2024 1H2025 2022 2023 2024 1H2024 1H2025 2022 2023 2024 1H2024 1H2025
Slide 42: Total assets, equity and leverage
Property sale Industrials Hospitality & entertainment Healthcare & education Dec-22 Dec-23 Dec-24 Jun-25 2022 2023 2024 LTM2025 Others Total Debt / EBITDA Net Debt / EBITDA Total assets Total equity
Slide 43: Debt composition and maturity profile
Bank borrowings and others Syndicated loan & Int'l bond Domestic bond Revolving bank loan Less than 1 year 1-3 years 3-5 years More than 5 years
Slide 44: Leverage, Coverage and Other Ratios
CORPORATE PRESENTATION Leverage, Coverage and Other Ratios LTM as of 30.6.2025 FY2024 Change Leverage ratios Net debt!?/ EBITDA? 2.3x 2.3x - Net debt! / (Total assets - cash & ST investments”) 19.9% 20.1% -20Bps Coverage ratios Recurring revenue / Interest expense® 45x 4.2x +0.3x EBITDA / Interest e
Slide 45: 5. 2H2025 Outlook
CORPORATE PRESE 5: 2H2025 Outlook Lae ig 4 a ~~ (a 4 ihe in ft , ny LBS yu —~— pi A Be ttn giah te
Slide 46: 2H2025 Outlook
CORPORATE PRESENTATION 2H2025 Outlook Key drivers oO © © Social Enterprises wile Fe Industrials and Technology -~ * On track to achieve full year target to at least doubling last year’s deliveries. Expected stronger deliveries in 2H, on the back of strong momentum in 1H, higher seasonality in the la
Slide 47: 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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