Gelex Group Joint Stock Co · HOSE:GEX
Gelex Group Joint Stock — GELEX Group — Q4 2024 Earnings Presentation
20 slides from Gelex Group Joint Stock's earnings presentation, Feb 5, 2025
Slide 1: GELEX Group Business Performance Presentation for Q4-2024
GELEX Group Business Performance Presentation for Q4-2024
Slide 2: Summary
SUMMARY 1. Macroeconomic situation 3. Business Performance by Sectors Vietnam's GDP growth in 2024 reached 7.09%, exceeding the In Q4, all GELEX business sectors showed strong National Assembly's target of 6.5-7.0% and leading among growth/recovery compared to previous quarters and YoY. The ASEAN co
Slide 3: Vietnam Macroeconomic
Q = O Zz OQ O nm O o S) < = VIETNAM
Slide 4: Vietnam Macroeconomic
VIETNAM MACROECONOMIC GDP • Q4 GDP increased by 7.55%. • Inflation was well-controlled, with the average Q4 CPI CPI • GDP 2024 increased by 7.09%, surpassing the rising by only 2.87% YoY. National Assembly’s target of 6.5-7.0% and leading • The average CPI for FY2024 increased by 3.63%, among ASEAN
Slide 5: Consolidated Business Performance
2 CONSOLIDATED BUSINESS PERFORMANCE
Slide 6: Main Business Sectors
MAIN BUSSINESS SECTORS 1. ELECTRICAL EQUIPMENT 3. UTILITIES Over 30 years leading in Vietnam electrical equipment market with top Energy: Experienced in investing and operating renewable energy brands, such as: CADIVI, THIBIDI, HEM, EMIC, CFT, MEE. projects with a total capacity of 245 MW (transferr
Slide 7: Consolidated Business Results
CONSOLIDATED BUSINESS RESULTS Net Revenue & Profofit Before Tax (bn VND) • Consolidated NR in Q4 reached VND 10,142 bn, up 16.5% QoQ and 12.000 10.142 25.1% YoY, driven by strong growth/recovery in core business sectors. 10.000 8.709 7.996 8.105 8.250 • Consolidated PBT in Q4 reached VND 1,346 bn, 2
Slide 8: Net Revenue by Sectors
NET REVENUE BY SECTORS NR by sectors (Bn VND) NR structure Q4-2024 Electrical Equipment 259 3,4% 10.000 Construction 1.358 12,3% Materials 8.000 2.394 Industrial 6.000 Park & Real Estate 4.000 22,8% Utility 6.097 61,4% 2.000 Others - ▪ NR of all business sectors showed positive growth compared to pr
Slide 9: Asset and Capital Structure
CƠ CẤU TÀI SẢN VÀ NGUỒN VỐN (Unit: bn VND) 31/12/23 31/12/24 YoY (%) ASSET STRUCTURE ON 31/12/2024 Long-Term Other Long- Cash & Short- Total Asset 55,077 53,731 -2.4% Financial Term Assets Term Financial Investments 7% Investments 5% 17% • Short-term asset 20,299 22,912 12.9% Long-Term Work-in- Shor
Slide 10: Healthy Financial Position
HEALTHY FINANCIAL POSITION 31/12/2023 31/12/2024 Leverage Ratios ▪ Liability/ Total Asset 61,5% 56,9% ▪ Loan/ Equity 94,2% 71,4% Liquidity Ratios ▪ Current ratio 1,09 1,35 ▪ Net Debt/ EBITDA (<=3.5) 1,80 1,11 ▪ Debt Service Coverage Ratio (DSCR) (>=1.5) (*) 1,73 1,95 Efficiency Ratios ▪ Gross Profit
Slide 11: Business Performance by Sectors
3 BUSSINESS PERFORMANCE BY SECTORS
Slide 12: Business Performance – Electrical Equipment
BUSINESS PERFORMANCE – ELECTRICAL EQUIPMENT NR and GP of EE sector (bn VND) ▪ NR in Q4 for the EE sector reached VND 6,097 bn, up 5.3% QoQ and 7.000 17,2% 20,0% 27.6% YoY. The EE business units continued to achieve positive results, 18,0% 6.000 14,2% 13,8% 16,0% meeting or exceeding business targets
Slide 13: Business Performance – Construction Materials
BUSINESS PERFORMANCE – CONSTRUCTION MATERIALS ▪ NR for CM sector in Q4 reached VND 2,394 bn, up 22.6% QoQ and 14.8% NR and GP of CM sector (bn VND) 3.000 25,0% YoY. Glass, tiles, terra cotta recorded positive NR improvement compared 19,5% 2.500 20,0% 16,4% to previous quarters and the same period la
Slide 14: Business Performance – IP&RE
BUSINESS PERFORMANCE – IP&RE NR and GP of IP&RE sector (bn VND) ▪ NR for IP&RE sector in Q4 reached VND 1,358 bn, up 78.9% QoQ and 2.000 80,0% 70,0% 88.9% YoY. 1.500 1.358 60,0% ▪ GP margin in Q4 reached 57.8%, though lower than the high in Q3, it was 50,0% still better compared to the same period l
Slide 15: Business Performance – Utilities
BUSINESS PERFORMANCE – UTILITIES NR and GP of Utilities sector (bn VND) 500 50,0% 400 40,0% 300 30,0% 200 20,0% 100 10,0% 0 0,0% Q1-2023 Q2-2023 Q3-2023 Q4-2023 Q1-2024 Q2-2024 Q3-2024 Q4-2024 NR GP GP margin (%) ▪ NR for the utilities sector in Q4 reached VND 259 bn, up 25.1% QoQ, driven by the eff
Slide 16: Notable Activities
NOTABLE y ey my s a ¢ * ACTIVITIES : JONG TRINH KHOI & < KHAIHE THONG QUAN TRINHANS. gy © TAI TAP DOAN GELEX NHAN CONG TRINH XANH ee
Slide 17: Recent Notable Activities
RECENT NOTABLE ACTIVITIES GELEX Electric implemented Launch of the Project on the SAP Analytics Cloud iHRP HR Management management reporting system GELEX Electric has officially System implementation implemented the integrated SAP The iHRP system is an integrated Analytics Cloud management human re
Slide 18: Recent Notable Activities
RECENT NOTABLE ACTIVITIES GELEX Tower has been Anphabe event honors awarded the LEED Platinum GELEX in the Top 100 Best Green Building certification. Workplaces in Vietnam LEED (Leadership in Energy and Top 100 Best Places to Work in Environmental Design) is a symbol Vietnam 2024 has been announced
Slide 19: 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 20: 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