Gelex Group Joint Stock Co · HOSE:GEX
Gelex Group Joint Stock — GELEX Group — Q1 2025 Earnings Presentation
21 slides from Gelex Group Joint Stock's earnings presentation, Apr 28, 2025
Slide 1: Business Performance Presentation Q1/2025
Business Performance Presentation Q1/2025 1
Slide 2: Main Contents
MAIN CONTENTS 1. Macroeconomic Situation 3. Business Results by Sector GDP Q1 increased by 6.93% – the highest in 5 years, inflation In Q1, revenue from the EE sector grew strongly by 41.7% YoY was controlled. Production, IMEX, and FDI attraction were and was the main driver for GELEX's revenue grow
Slide 3: Macroeconomic Situation Update
Business Performance Presentation Q1/2025 MACROECONOMIC 1 SITUATION UPDATE
Slide 4: Vietnam Macroeconomic Situation Q1
VIETNAM MACROECONOMIC SITUATION Q1 The macroeconomic situation in Vietnam in Q1 was generally positive, but there are many risks and fluctuations, especially related to the US Reciprocal tariff issue and its impact on the global economy. • Q1 GDP growth reached 6.93%, • Inflationary pressure decreas
Slide 5: Revised Power Plan 8 Approved
REVISED POWER PLAN 8 APPROVED Revised Power Developemnt Plan 8 (PDP8), approved on April 15, 2025, with an ambitious investment plan in power sources and transmission grids, will create strong growth momentum for the electricity industry in the coming years. Large power industry investment Power gen
Slide 6: Impact of US Reciprocal Tariffs
IMPACT OF US RECIPROCAL TARIFFS On April 2, 2025, the U.S. imposed reciprocal tariffs on all trading partners (min 10%), raising concerns about global economic growth, inflation, and financial risks. Vietnam faces a high tariff (46%) due to a large trade imbalance with US, posing macroeconomic risks
Slide 7: Business Performance Consolidated
Business Performance Presentation Q1/2025 2 BUSINESS PERFORMANCE CONSOLIDATED 7
Slide 8: Main Business Sectors
MAIN BUSSINESS SECTORS 1. ELECTRICAL EQUIPMENT 3. UTILITIES Over 30 years leading in Vietnam electrical equipment market with Energy: Experienced in investing and operating renewable energy top brands, such as: CADIVI, THIBIDI, HEM, EMIC, CFT, MEE. projects with a total capacity of 245 MW (transferr
Slide 9: Consolidated Business Results
CONSOLIDATED BUSINESS RESULTS Net Revenue Structure Gross Profit Structure NR, GP and PBT (VND bn) 12,000 25% 20.2% Utilities2.3% Utilities2.6% 10,000 20% IP&RE 8,000 14.7% IP&RE 15% 29.5% 6,000 7,916 10% 4,000 1,598 5% Construction 2,000 646 Materials 0 0% 18.0% Q1/2024 Q2/2024 Q3/2024 Q4/2024 Q1/2
Slide 10: Asset and Capital Structure
ASSET AND CAPITAL STRUCTURE Unit: VND bn 31/12/24 31/03/25 +/- (%) • Total assets as of March 31, 2025 reached VND Total Assets (TA) 53,731 56,518 5.1% 56,518 bn, an increase of 5.1% YTD thanks to a 12.1% increase in Current assets. In which, • Short-term Assets (STA) 22,912 25,588 12.1% Cash and eq
Slide 11: Healthy Financial Position
HEALTHY FINANCIAL POSITION 31/03/2024 31/03/2025 Leverage Ratios ▪ Liability/ Total Asset 60,2% 56,3% ▪ Loan/ Equity 93,5% 78,9% Liquidity Ratios ▪ Current ratio 1,16 1,53 ▪ Net Debt/ EBITDA (<=3.5) 2,00 1,33 ▪ Debt Service Coverage Ratio (DSCR) (>=1.5) (*) 1,60 3,30 Efficiency Ratios ▪ Gross Profit
Slide 12: Business Performance by Sectors
Business Performance Presentation Q1/2025 BUSSINESS 3 BY SECTORS PERFORMANCE 12
Slide 13: Business Performance – Electrical Equipment
BUSINESS PERFORMANCE – ELECTRICAL EQUIPMENT NR and GP of EE sector (bn VND) 7,000 20% 16.0% 18% ▪ NR of EE sector Q1 reached VND 5,108 bn, up sharply by 41.7% YoY. 6,000 16% 5,108 Manufacturing and business units in the EE sector, particularly CADIVI, 5,000 14% 4,000 12% continued to deliver positiv
Slide 14: Business Performance – Construction Materials
BUSINESS PERFORMANCE – CONSTRUCTION MATERIALS NR and GP of CM sector (bn VND) 3,000 25% ▪ NR Q1 of the construction materials sector reached VND 1,425 bn, up 2,500 20% slightly by 1% YoY. Tiles and sanitary ware recorded positive results, closely 16.9% 2,000 following the plan, while the glass and r
Slide 15: Business Performance – IP&RE
BUSINESS PERFORMANCE – IP&RE NR and GP of IP&RE sector (bn VND) ▪ NR Q1 from the IP&RE sector reached VND 1,164 billion, down 6.1% YoY.Q4/2024 1,600 80% 1,400 70% ▪ GP margin was 40.5%, lower than previous quarters and the 2024 full-year average. 1,164 1,200 60% 1,000 50% ▪ Industrial Park segment:
Slide 16: Business Performance – Utilities
BUSINESS PERFORMANCE – UTILITIES NR and GP of Utilities sector (bn VND) 500 40.0% 400 30.0% 22.3% 300 184 20.0% 200 100 41 10.0% 0 0.0% Q1/2024 Q2/2024 Q3/2024 Q4/2024 Q1/2025 NR GP GP Margin ▪ NR of the Utilities sector Q1 reached VND 184 bn, down YoY due to the divestment from 3 operating energy p
Slide 17: Notable Activities
Business Performance Presentation Q1/2025 NOTABLE 4 ACTIVITIES 17
Slide 18: Recent Notable Activities
RECENT NOTABLE ACTIVITIES GELEX Electric and its member companies GELEX successfully held successfully held the AGM the 2025 AGM In March, GELEX Electric and its The GELEX 2025 AGM took place member companies (CADIVI, on March 27, 2025. With high THIBIDI, HEM, etc.) successfully consensus and unanim
Slide 19: Recent Notable Activities
RECENT NOTABLE ACTIVITIES CADIVI implements Project to GELEX inaugurated the Building and Deploying the 'Global Mini MBA – Corporate Risk Management Management Thinking' Framework training course in HCM city This is Phase 2 of program to Following the success of the 1st enhance risk management capac
Slide 20: Terms and Acronyms
TERMS AND ACRONYMS AGM Annual General Meeting of Shareholders H1 The first half of the year AP Annual Plan IMEX Import Export Bn Billion IP Industrial Park CM Construction Material M Month CPI Consumer Price Index MOU Memorandum of Understanding EE Electrical Equipment NR Net Revenue FDI Foreign Dir
Slide 21: Thank you!
Thank you ! Investor Relation Department Add: GELEX Tower, 52 Le Dai Hanh, Hai Ba Trung Dist, Hanoi Tel: +84 24 3972 6245 Fax: +84 24 3972 6282 Website: www.gelex.vn Email: ir@gelex.vn Disclaim: The information contained in this document is provided by GELEX and its member companies for the purpose