VinaCapital Vietnam Opportunity Fund Limited AccumUSD · LSE:VOF
VinaCapital Vietnam Opportunity Fund Limited AccumUSD — VinaCapital Vietnam Opportunity Fund — VinaCapital Investor Conference 2024
17 slides from VinaCapital Vietnam Opportunity Fund Limited AccumUSD's conference presentation, Oct 8, 2024
Slide 1: Investor Conference 2024
y k4 VinaCapital Investor Conference 2024 ‘a 07-09 October 9 Ho Chi Minh City, Vietnam
Slide 2: VinaCapital Vietnam Opportunity Fund
ké VinaCapital VINACAPITAL VIETNAM OPPORTUNITY FUND A (LSE: VOF.LN) Mir; Alex Hambly, VinaCapital ClO, and Mr, Khanh Vu, Portfolio Manager of VOF es
Slide 3: VinaCapital at a glance
$1.2BN 220 12% 20 PAX ASSETS UNDER INVESTMENTS SINCE ANNUALISED RETURN INVESTMENT TEAM + MANAGEMENT 2003 SINCE INCEPTION * VCG PLATFORM Classified: Restricted
Slide 4: Philosophy, Performance, People, Portfolio, Q&A
(4 VinaCapital Philosophy Performance People Portfolio Q&A Classified: Restricted
Slide 5: VinaCapital Vietnam Opportunity Fund
y 4 VinaCapital VinaCapital Vietnam Opportunity Fund Focus on sectors benefitting from Vietnam’s rapidly growing domestic economy, by investing in both public and private companies Flexibility to invest in the best opportunities available, using the principles of private equity to generate superior
Slide 6: VOF outperforms over various periods of volatility
\/ VinaCapital VOF outperforms over various periods of volatility An active investment strategy that consistently outperforms index 1-year performance 15% 10% 5% 0% -5% 10% 15% 2 2 2 + z g g g a z 5 € 8 &§ & 3 8 8 = 2 —vor nav" + NAV total return up to of 30 Jun 2024 (unadited) Classified: Restricte
Slide 7: VOF delivers strong performance with the lowest volatility
(4 VinaCapital VOF delivers strong performance with the lowest volatility Scale and portfolio construction offers better risk-adjusted returns 20% | 1 \ H Peer 2 ($140m) 18% | $TR: 18.6%, SD: 27% 1 VOF ($1.17b) : $TR: 10.6%, SD: 18% : Peer 3 ($792m) 10% | STR: 8.4%, SD: 29% : VN Index ' STR:5.4%, SD
Slide 8: VOF Investment Team
y \/ VinaCapital y VOF Investment Team - over 120 years experience in VOF DUY LE JESS RUELOKKE KHANH VU DIEU PHUONG NGUYEN Co-Head of Head of ’ Co-Portfolio Manager Co-Portfolio Manager Capital Markets Dp Portfolio Monitoring 2010 2005 — 2013 2020 LINH VUONG THAO LE MINH TRINH Director Director Dire
Slide 9: VOF has invested in some of Vietnam's best companies
y \/ VinaCapital y VOF has invested in some of Vietnam's best companies ¢ > >PNJ HOA PHAT = \ S ia ¢ cnove \ of* 1100 croup Be x Oy : AN vel Gm} NGOCNGHIA Td Sus r z NYvA VA [NAGS L tai oma rane sila VIEYELAIT a. cuntwn K@ KHANGDIEN ACV CORPORATION Noi Sg niem tin, noi xay t6 Hla AG EB Soneeom VINHO
Slide 10: It would take months to replicate 95% of VOF's listed portfolio
y \/ VinaCapital y It would take 8 months to replicate 95% of VOF’s listed portfolio Negotiated transactions are crucial to build portfolio and o of the ionth ADTV* performance gersm gece $781m (94% NAV) (95% NAV) $737m (90% NAV) (85% NAV) $67im (77% NAV) $600m (69% NAV) $518m (60% NAV) $43im (50% N
Slide 11: Invested US$98mn, Divested US$99mn
INVESTED: US$98mn ▪ o o ▪ o o ▪ o DIVESTED: US$99mn Classified: Restricted
Slide 12: KIDO Group investment
VinaCapital 10,000 Since 1987 Points of sale across the country Leading brand in dumpling Privately Negotiated Transaction Investment cost: $35m Investment thesis * This investment in a leading consumer food manufacturer should be a significant growth catalyst for KIDO Group, whose traditional busin
Slide 13: Hung Vuong Plaza exit
rmungVuong Noi niém vui bat dau Classified: Restricted Oyears tholding p VinaCapital riod 15% 3X IRR Multiple On Investment cost: $12m Invested period: 2004 - 2024 IRR (realised): 15.4% Investment thesis * —Amodern shopping and entertainment center in HCMC, offering a diverse range of retail, dining
Slide 14: Ongoing Restructuring Activities: 7.6% NAV
y 4 VinaCapital Ongoing Restructuring Activities: 7.6% NAV Downside protections provided recovery mechanisms to minimize losses compared to mark-to-market. Expect additional impact to NAV from valuation activities NOVA 2. 5] LAND DATXANH SERVICES HUNG THINHLAND Norfolk: Recovered DXS: Negotiating HT
Slide 15: A Constant Return of Capital to Shareholders
y \/ VinaCapital y A Constant Return of Capital to Shareholders in Buybacks and Dividends $520m+ Share Buyback since 2011, iscount wide 22% $160m+ Dividend distributed since 2017, Yield 2.4%+ +70% $TR Share price last 5 years with low volatility A $100 investment in VOF made 10 years ago VOF NAV and
Slide 16: VOF has invested in some of Vietnam's best companies
y \/ VinaCapital y VOF has invested in some of Vietnam's best companies ¢ > >PNJ HOA PHAT = \ S ia ¢ cnove \ of* 1100 croup Be x Oy : AN vel Gm} NGOCNGHIA Td Sus r z NYvA VA [NAGS L tai oma rane sila VIEYELAIT a. cuntwn K@ KHANGDIEN ACV CORPORATION Noi Sg niem tin, noi xay t6 Hla iy rome VINHOMES@)
Slide 17: Disclaimer
4 VinaCapital Disclaimer The information contained herein has been prepared by VinaCapital (the “Company") and is subject to updating, completion, revision, further verification and amendment without notice. The information contained herein has not been approved by any listing authority or any inves
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