Slide 1: GELEX Group Business Result Presentation Quarter III-2023
GELEX GROUP Business Result Presentation Quarter III-2023
Slide 2: Terms and Acronyms
TERMS AND ACRONYMS GELEX GELEX Group JSC GELEX Infra GELEX Infrastructure JSC GELEX Electric GELEX Electricity JSC AGM Annual General Meeting of Shareholders BOD Board of Director EE Electrical Equipment CM Construction Material IP Industrial Park RE Real Estate NR Net Revenue PBT Profit Before Tax
Slide 3: Vietnam Macroeconomic and Business Performance Summary
1 3 Vietnam Macroeconomic Business Performance by Segments GDP growth in Q3 reached 5.3%, which was lower than the plan, In Q3, the Electrical Equipment sector gradually recovered with a but the economic landscape for Q3 featured some positive aspects 25.1% YoY increase in revenue. The Energy & Clea
Slide 4: Vietnam Macroeconomic
1 VIETNAM MACROECONOMIC
Slide 5: Vietnam Macroeconomic: GDP and CPI
VIETNAM MACROECONOMIC Vietnam GDP increased by 5,3% in Q3 ▪ GDP in Q3 increased by 5.3%, primarily driven by the services sector. GDP ▪ Import and export activities showed signs of recovery with positive growth YoY in September. ▪ The trade surplus for 9M-2023 reaching 21.7 billion USD (9M-2022 was
Slide 6: Consolidated Business Performance of GELEX Group
2 CONSOLIDATED BUSSINESS PERFORMANCE OF GELEX GROUP
Slide 7: Core Business
CORE BUSINESS 01 ELECTRICAL EQUIPMENT 03 UTILITIES Over 30 years leading in Vietnam electrical equipment market with top Power Generation & Development: invest and operate energy projects with a brands, eg: CADIVI, THIBIDI, HEM, EMIC, CFT, MEE. total capacity of ~260MW, and Power Distribution. Clean
Slide 8: 9M Profit Exceeds the 2023 Annual Plan
9M PROFIT EXCEEDS THE 2023 ANNUAL PLAN VND bn NR and PBT by quarter ▪ Q3 consolidated NR reached 7,487 bn VND, increased by 6.7% YoY. 10,000 9,069 8,645 7,996 7,487 ▪ In which, the Electrical Equipment sector is gradually recovering, 8,000 7,014 7,359 6,410 the Utilities sector is operating more ste
Slide 9: Net Revenue by Sectors
NET REVENUE BY SECTORS VND bn Quarterly NR by sectors NR structure in Q3 8,645 9,069 100% 10,000 90% 7,996 9,000 80% 7,359 7,477 8,000 7,014 6% 70% 6,410 7,000 10% 60% 6,000 50% 5,000 40% 4,000 30% 3,000 28% 56% 20% 2,000 10% 1,000 0% 0 Q1-2022 Q2-2022 Q3-2022 Q4-2022 Q1-2023 Q2-2023 Q3-2023 EE CM I
Slide 10: Stable Asset and Capital Structure
STABLE ASSET AND CAPITAL STRUCTURE Asset Structure VND bn 31/12/22 30/06/23 30/09/23 QoQ (%) Ytd (%) Cash and cash Total asset 52,385 52,408 54,283 3.60% 3.60% 7% equivalent 5% Short-term investment Short-term asset 19,800 19,878 20,591 3.60% 4.00% 8% Short-term Long-term asset 32,585 32,530 33,692
Slide 11: Stable Financial Health
STABLE FINANCIAL HEALTH 31/12/21 31/12/22 31/03/23 30/06/23 30/09/23 Leverage Ratio - Liability/ Total Asset 67% 60% 60% 59% 60% - Loan/ Equity 108% 80% 87% 83% 87% - Net Debt/ EBITDA 1.8 1.6 1.7 1.6 1.6 Solvency Ratio - Current ratio 1.3 1.1 1.2 1.2 1.2 - Interest Coverage Ratio 4.2 5 5.3 6.4 5.2 E
Slide 12: Business Performance by Sectors
BUSSINESS PERFORMANCE 3 BY SECTORS
Slide 13: Business Performance – Electrical Equipment
BUSSINESS PERFORMANCE – ELECTRICAL EQUIPMENT ▪ Q3 NR for Electrical Equipment was 4,177 bn VND, increased by 25.1% VND bn NR and GP of EE sector by quarter YoY, 13.7% QoQ. This was the first quarter of the year to record positive 5,000 12.9% 14.0% 12.2% 4,500 11.3% 11.1% 4,177 NR growth YoY. 10.1% 1
Slide 14: Business Performance – Construction Materials
BUSSINESS PERFORMANCE – CONSTRUCTION MATERIALS VND bn NR and GP of CM sector by quarter ▪ Q2 Construction Materials NR was 2,132 bn VND, slightly 3,000 26.4% 30.0% 25.9% decreased QoQ and decreased by 18.3% YoY. For 9M-2023, the 2,500 22.3% 2,132 25.0% sanitary wares, terracotta, and notably buildin
Slide 15: Business Performance – IP&RE
BUSSINESS PERFORMANCE – IP&RE VND vn NR and GP of IP&RE sector by quarter ▪ Q3 NR IP&RE was 746 bn VND, increased 18.8% YoY. GP was 472 bn VND, 2,000 63.2% 70.0% 1,800 strongly increased YoY and GM improved. 60.0% 1,600 1,400 50.0% 1,200 40.0% ▪ IP segment: Q3 recorded revenue from following IPs: Ye
Slide 16: Business Performance – Utilities
BUSSINESS PERFORMANCE – UTILITIES VND bn NR, GP of Utilites Sector by quarter Energy output by quarter 500 60.0% (mn KWh) 414 400 50.0% 149 42.3% 40.0% 300 175 30.0% 200 20.0% 100 10.0% 0 0.0% Q1-2022 Q2-2022 Q3-2022 Q4-2022 Q1-2023 Q2-2023 Q3-2023 NR GP GP margin Q1-2022 Q2-2022 Q3-2022 Q4-2022 Q1-
Slide 17: Highlight Activities
4 HIGHLIGHT ACTIVITIES TANG) DU KN PH TKO, rt } ) Tima 4 \
Slide 18: Highlight Activities
HIGHLIGHT ACTIVITIES IN Q2 2023 Commencement of High-End Industrial Real Estate VIGLACERA launches 1.2 Trillion VND Sintered Stone Project Industrial Centre YP2C Production Line The project marks a significant milestone following the On September 11, 2023, at the Viglacera Eurotile factory in strate
Slide 19: 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 of