Vingroup Joint Stock Company · HOSE:VIC
Vingroup Joint Stock — Investor Presentation (March 2026)
50 slides from Vingroup Joint Stock's investor presentation, March 2026
Slide 1: Vingroup Corporate Presentation March 2026
Vingroup Corporate Presentation March 2026
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
2.2 UNPARALLELED EXECUTION CAPABILITIES IN NEW BUSINESS SECTORS Table of Contents About Vingroup Key Competitive Advantages Macroeconomic Update Financial Highlights 2026 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: Investors and Strategic Partners
• • • • • • • 1993 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Sovereign Wealth Funds Strategic Partners & Joint Ventures Private Equity Other Investors / Capital
Slide 7: Corporate Structure
CORPORATE PRESENTATION Corporate Structure VinsrouP Industrials - Technology! Real Estate Development Infrastructure Green Energy Culture Social Enterprises and Services 61.4% - 50.7% | Green Mobility 73.5% | ¢ Real Estate oss Railway Vad = Green 10% We ururee Gut!) | 10055 ue vVintiones a ulture Ar
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” “RA ag ee VINSCHOOL VINUNIVERSITY An incubator of talent and largest private K-12 education system in Vietnam! Auniversity of excellence - Developing talents for the future 56 ~50,200 ~7,350 The Youngest Campuses
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 14+ 2,314 9 7 ] c.5.1 million % 6° Years of Total bed General hospitals! Clinics! Research centers! Number of out
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 five cities with 435 buses! and operati
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
2.1 FAVORABLE MACRO-ECONOMICS IN VIETNAM 2.1 Favorable Macro Economics in Vietnam and Across All Consumer Industries
Slide 14: Private Sector as the New Driver to the Economy
2.1 FAVORABLE MACRO-ECONOMICS IN VIETNAM AND ACROSS ALL CONSUMER INDUSTRIES 4 Private Sector as the New Driver to the Economy Dynamic private sector for fostering innovation and sustaining Vietnam's long-term economic momentum. Strong public investment for industrial growth and national competitiven
Slide 15: Philippines Singapore Philippines
Singapore Thailand Malaysia Indonesia Philippines Vietnam Singapore Malaysia Indonesia Thailand Philippines Vietnam Indonesia Singapore Malaysia Thailand Philippines Vietnam
Slide 16: 2025E 2026E 2027E 2028E 2029E 2030E 2025E 2026E
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 17: 2.2 Unparalleled Execution Capabilities in New Business Sectors
2.2 Unparalleled Execution Capabilities in New Business Sectors
Slide 18: and 2025E Growing
197 97 and 7 33 2022 2023 2024 2025E 4 Growing lobal ootprint to
Slide 19: R&D Strategy: Driving Smart Mobility Forward
2.2 UNPARALLELED EXECUTION CAPABILITIES IN NEW BUSINESS SECTORS 9 R&D Strategy: Driving Smart Mobility Forward Vv ViNFAsT Strategy Differentiation re Deliver cost-efficient, high-quality Leverage shared platforms and Adopt zonal EEarchitecture toreduce Applynewtechnologies in vehicles that enhance c
Slide 20: 2026 Onward: ADAS Level 2++ and Vision for Robo-car
2.2 UNPARALLELED EXECUTION CAPABILITIES IN NEW BUSINESS SECTORS 20 2026 Onward: ADAS Level 2++/Navigation on Autopilot and Vision for Robo-car Vv ViNFAsT DRIVING L2+ * AutoOn/OffRam * Car Avoidance * Overtalking Lane Change * Follow in Trafficdam + Road Construction Detect * Rain/Snow Detect + Auto
Slide 21: Relationship
• • • • • • • • • • • • • • Relationship
Slide 22: Proven Expertise In Building Major Overseas Factories
2.2 UNPARALLELED EXECUTION CAPABILITIES Proven Expertise In Building Major Overseas Factories In Quick Succession India Factory ~ Site Overview Asset Highlights Body shop India’s First 100% EV Plant by an overseas OEM Key Output Products 3 Manufacturing Shops in the Initial Phase Eee oF 7% Paka ria
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 S Gig cs USD 38.8 billion sues Paracel Islands C.550,000 sroretnesacnossvieman U
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 4s 4 ie e VINPEARL Gvnswantiss Vinpear|Golf ee eo ® c.17,500 Rooms 12 Parks 6 Courses . ibe: eeibetiee Inéetes %, 2.3MM 7.6MM 230K % ANNUAL ROOM
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 oo VINCOM CENTER (12% of total GFA) VINCOM MEGA MALL (34% of total GFA) out of 31/34 CITIES, PROVINCES 90
Slide 27: 2.4 Largest Ecosystem in Vietnam with Market Leadership
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 Vv vias 4 S v net VINHOMES € VINPEARL var Ms. Le Thi Thu Thuy Mr. Pham Thieu Hoa Ms. Nguyen Thu Hang >, Ms. Ngo Thi Huong Ms. Le Mai Lan Ch
Slide 35: Vinpearl Wonderworld Phu Quoc
Vinpearl Wonderworld Pau Quoc
Slide 36: Public investment disbursements and retail sales
Public investment disbursements (VND trn) % to annual budget plan Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY IDN MYS PHL THA VNM 2021 2022 2023 2024 2025 2026F 2021 2022 2023 2024 2025 700 600 500 400 Total retail sales 300 Retail sales of goods and services 200 Services 100 0 Jun-22 Dec-22 Jun-23 Dec-23 Jun-24
Slide 37: Public investment and private capital
Public investment • • • • Private & socialized capital • • • • • • • • Public • • • • investment Private & socialized capital • • • •
Slide 38: Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
✓ 20 ▲ ▲ 15 10 ✓ 5 - Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 ✓ 2023 2024 2025 2023 2024 2025 8 ▲▲▲ 240 ▲ 6 ▼ 200 160 4 120 80 2 40 - - Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2023 2024 2025 2023 2024
Slide 39: 4. Financial Highlights
Slide 40: Property and non-property revenue
2022 2023 2024 2025 2022 2023 2024 2025 2022 2023 2024 2025 2022 2023 2024 2025 Property revenue Non-property revenue
Slide 41: Revenue by segment
2022 2023 2024 2025 2022 2023 2024 2025 2022 2023 2024 2025 Property sales Industrials Hospitality & entertainment Education Healthcare Others 2022 2023 2024 2025 2022 2023 2024 2025
Slide 42: 9,000 7,000 5,000 3,000 1,000 (1,000) (3,000) (5,000) 2022 023 2024 2025 2022 2023
9,000 7,000 5,000 3,000 1,000 (1,000) (3,000) (5,000) 2022 2023 2024 2025 2022 2023 2024 2025 2022 2023 2024 2025 2022 2023 2024 2025 2022 2023 2024 2025
Slide 43: Leverage and balance sheet
Property sale Industrials Hospitality & entertainment Healthcare & education Dec-22 Dec-23 Dec-24 Dec-25 2022 2023 2024 2025 Others Total Debt / EBITDA Net Debt / EBITDA Total assets Total equity
Slide 44: Debt composition and maturity
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 45: Leverage, Coverage and Other Ratios
CORPORATE PRESENTATION Leverage, Coverage and Other Ratios FY2025 FY2024 Change Leverage ratios Net debt!?/ EBITDA? 2.7x 2.3x +0.4x Net debt! / (Total assets - cash & ST investments”) 24.1% 20.1% +400Bps Coverage ratios Recurring revenue / Interest expense® 4.8x 4.2x +0.6x EBITDA / Interest expense®
Slide 46: 5. 2026 Outlook
Slide 47: Outlook (1)
CORPORATE PRESENTATION 2026 Outlook (1) “7 VinFast aims to lead the green transition in high-growth markets by leveraging its long-term manufacturing, tech, and ecosystem foundations * Markets: Continue strengthening the leadership position in Vietnam and deepen presence in core international market
Slide 48: Outlook (2)
CORPORATE PRESENTATION 2026 Outlook (2) » ~ > ~ le » Robust top-line growth is expected to be driven by key ongoing ~- Accelerate topline growth by (i) optimizing occupancy and Projects including Ocean Park 2-3, Green Paradise, Golden City, visits, expanding demand through high-growth / new markets
Slide 49: Outlook (3)
CORPORATE PRESENTATION 2026 Outlook (3) + Reinforce leadership in core markets by investing in talent acquisition and development; opening 3 new facilities; upgrading modern medical infrastructure; and elevating end-to-end _ patient experience. * Broaden domestic customer base through calibrated pri
Slide 50: 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 six majo
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