Vingroup Joint Stock Company · HOSE:VIC
Vingroup Joint Stock — Investor Presentation (November 2024)
43 slides from Vingroup Joint Stock's investor presentation, November 2024
Slide 1: Vingroup Corporate Presentation
Vingroup Corporate Presentation November 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: Top-tier investors across Sovereign Wealth Funds, Strategic Partners and Private Equity
• • • • • • • 1993 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 9M24 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 Mobility Entities listed on HOSE Entity isted on NASDAQ a K Note: All shareholding percentages presented are based on Vingroup's effective interest as of 22 November 2024. 1. In VinerouP USD 63 billion? Real Estate 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 ~4,170 The Youngest c.1,360 O04 Camp
Slide 10: Vingroup and The Founders' Efforts "For a Better Life of People" (cont'd)
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 12+ 1,505 9 5 2 c.2.9 million Years of Total bed General hospitals? International clinics| Research centers! Numb
Slide 11: Vingroup and The Founders' Efforts "For a Better Life of People" (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 opera
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 and Across All Consumer Industries
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: 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 Always Target Exceptional Quality
2.2 UNPARALLELED EXECUTION CAPABILITIES IN NEW BUSINESS SECTORS 8 Outstanding Speed, Continuous Innovation and Always Target Exceptional Quality C FOUNDATION ) C ELECTRICFICATION ) ((_PURE-PLAY EV AND GLOBAL EXPANSION) 300HA INTEGRATED MANUFACTURING COMPLEX ® 1ST AND ONLY LARGE SCALE E-BUS otal MFG
Slide 19: Highly-Automated and Integrated Manufacturing Facilities
2.2 UNPARALLELED EXECUTION CAPABILITIES IN NEW BUSINESS SECTORS 9 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 C
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 ‘VineRour Technology Ecosystem at — mt . 3 2 R8D Professionals EN BEVin N hens
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 of Apartments, Villas and Shophouses
2.3 DOMINANT INTEGRATED REAL ESTATE DEVELOPERS, OWNER, AND OPERATOR 2 Vinhomes - Premium Integrated Offerings of Apartments, Villas and Shophouses with Market Leading in all Segments that Vinhomes Has Products to Offer SOME USDieis billion seze“= Paracel Islands C.473,000O Frorisresacoss viewaw USID
Slide 23: Vinpearl - The 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 4 f 4 by VINPEARL Gviitmasas VinpearlGolf ‘ . ” 11,403 Rooms 9 Parks 4 Courses : 30 HOTELS" >310 Hs a ae AREA eo oe ne In l6 cities In7 cities 2
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 with Market Leadership Across Multiple Businesses
CORPORATE PRESENTATION 2. 4 Largest Ecosystem in Vietnam with Market secleiisialle)) Across Multiple Businesses Fe
Slide 26: Largest Ecosystem in Vietnam With Market Leadership Across Multiple Businesses
2.4 LARGEST ECOSYSTEM IN VIETNAM WITH MARKET LEADERSHIP ACROSS MULTIPLE BUSINESSES 26 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 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 ‘yf Vinsiopata SEVinAi Data Analytics CONSUMER DATA CONSUMER PREFERENCES Personalized Services &
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
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 31: • • • • • • • • • • • • • •
• • • • • • • • • • • • • • • • • • • • • • • • • • • • •
Slide 32: 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 e Thi Thu Thuy i Chairwoman 23+ yrs experience 15+ yrs with Vingroup. ‘Wy Vineiepata Prof. Van Ha Vu Scientifi Director AWA Percey F. Smith
Slide 33: Macroeconomic Updates
CORPORATE PRESENTATION 3 Macroeconomic Updates V2
Slide 34: Total retail sales
Total retail sales Retail sales of goods and services Services 500 Estimations in Jan-2024 400 Estimations in Oct-2024 300 200 100 0 9M2023 9M2024 VNM CHN IDN MYS PHL SGP THA Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 9M2023 9M2024 16 Manufacturing 14 1
Slide 35: Banking Real Estate Securities
15 160 ▲ ▲ ▼ ▼ ▲ 12 120 9 80 6 3 40 - - Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2022 2023 2024 2022 2023 2024 2022 2023 2024 Banking 8 ▲ ▲ ▲ ▲ 6 Real Estate 4 Securities 2 Industrials - Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q
Slide 36: 4. Financial Highlights
Slide 37: Recurring revenue
2021 2022 2023 9M2023 9M2024 2021 2022 2023 9M2023 9M2024 2021 2022 2023 9M2023 9M2024 2021 2022 2023 9M2023 9M2024 Recurring revenue Property sales
Slide 38: Property sales, Industrials, Hospitality & entertainment services
2021 2022 2023 9M2023 9M2024 2021 2022 2023 9M2023 9M2024 2021 2022 2023 9M2023 9M2024 Property sales Industrials Hospitality & entertainment services Education Healthcare Leasing Others 2021 2022 2023 9M2023 9M2024 2021 2022 2023 9M2023 9M2024
Slide 39: 7,000 5,000 3,000 1,000 (1,000) (3,000) (5,000) 2021 2022 23 9M2023 9M2024 2021 2022
7,000 5,000 3,000 1,000 (1,000) (3,000) (5,000) 2021 2022 2023 9M2023 9M2024 2021 2022 2023 9M2023 9M2024 2021 2022 2023 9M2023 9M2024 900 700 500 300 100 (100) (300) 2021 2022 2023 9M2023 9M2024 2021 2022 2023 9M2023 9M2024
Slide 40: Total assets, equity and Debt / EBITDA
Property sale Industrials Hospitality & entertainment Leasing Dec-21 Dec-22 Dec-23 Sep-24 2021 2022 2023 LTM2024 Healthcare & education Others Total Debt / EBITDA Net Debt / EBITDA Total assets Total equity
Slide 41: Debt composition and maturity
Bank borrowings & others Syndicated loan Corporate bond Revolving bank loan 1-3 years 3-5 years More than 5 years
Slide 42: Leverage, Coverage and Other Ratios
CORPORATE PRESENTATION 42 Leverage, Coverage and Other Ratios LTM2024 FY2023 Change Leverage ratios Net debt!?/ EBITDA? 2.9x 3.3K -0.4x Net debt! / (Total assets - cash & ST investments?) 22.9% 27.3% -450 Bps Coverage ratios Recurring revenue / Interest expense® 3.9x 3.9x - 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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