Vingroup Joint Stock Company · HOSE:VIC
Vingroup Joint Stock — 2Q2026 Earnings Presentation
34 slides from Vingroup Joint Stock's earnings presentation, Jul 31, 2026
Slide 1: 2Q2026 Earnings Presentation
VineRouP 2Q2026 Earnings Presentation
Slide 2: Important Notice
2Q2026 EARNINGS 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
Slide 3: Agenda
2Q2026 EARNINGS PRESENTATION Agenda Highlights Business Updates Financial Summary
Slide 4: 1. Highlights
1997282026 EARNINGS PRESENTATION Re coms HUE ONCSOTATONS
Slide 5: Group financial highlights
— tubal on Y-0-Y Y-0-Y 2Q2025 1H2025 UMD) lotiegs evens g Growth 112026 Growth 1H2026 Total Adjusted Revenue 1H2026 Net Profit After Tax Industrials 33,192 7,297. 92% 61,179 32,972 a 86% VND221,920bn VND20,905bn 4 67% YoY 4 361% YoY Real Estate Development & 70,773 20,969 Services! > N oO o & 135,26
Slide 6: Public investment disbursements and macro indicators
Public investment disbursements (VND trn) 500 % to annual budget plan 40% 450 35% 400 30% 350 25% 300 20% 250 15% 200 10% 150 5% 100 0% 50 -5% 0 -10% 1H2025 1H2026 1H2025 1H2026 1H2022 1H2023 1H2024 1H2025 1H2026 1H2022 1H2023 1H2024 1H2025 1H2026 1H2022 1H2023 1H2024 1H2025 1H2026 USDTHB USDPHP USD
Slide 7: 2. Business Updates
Slide 8: Operational highlights
Source: Company information. Notes: Operational data is as at June 30°, 2026 ‘includes VF3, VE 034, VES, VF 6, VE, VE 8, VE 9, VF MPV 7, Minio Green, Nerio Green, Herio Green, Limo Green, EC Van, Lac Hong 900LX and E-Bus. Operational highlights 70,085 EV deliveries globally 2Q2026! +96% YOY 128,662
Slide 9: Vietnam Market - Charging Ahead
2Q2026 EARNINGS PRESENTATION Vietnam Market - Charging Ahead Leading Vietnam market for the 21 consecutive month since September 2024 Robust 1H performance Dominating market by overall deliveries! ‘000 units Car deliveries Automobile Total delivery Claiming 6 / 10 best sellers Car deliveries Clg tim
Slide 10: Enriching the Product Line-up with New Model / Variant Launches
ae Enriching the Product Line-up with New Model / Variant Launches Py) Fi GS y¥ MSRP VND 999 mil ¥ Charging time 30 mins (10% to 70%) Y Distance per full charge 500 km! Y Pre-order starting from May 27, 2026 vd 2,/2 8 pre-orders after 8 days Note: NEDO
Slide 11: Vietnam E-scooter Market: Expanding Infrastructure and Market Reach
2Q2026 EARNINGS PRESENTATION Vietnam E-scooter Market: Expanding Infrastructure and Market Reach Driving market share gains with mass-market models Battery swapping network: strengthening coverage through collaborations with (Eaaeaicp major retail partners Total delivery ay, 1,000 viettel 6,000 1H20
Slide 12: International: VinFast - New Leader of Pan-Asian EV market
2Q2026 EARNINGS PRESENTATION R International: VinFast - New Leader of Pan-Asian EV market Southeast Asia: Regional leader in green transition India: Gaining ground with a leading market position Ea Le | Indonesia The Philippines i \ Ranked Number of dealers #8 #] @ #5 58 = > | BEV brands! BEV brands
Slide 13: Spin-off of Vietnam Manufacturing Assets
2Q2026 EARNINGS PRESENTATION 3 Spin-off of Vietnam Manufacturing Assets Transaction Overview v VinFast completed the spin-off and transfer of its manufacturing operations in Vietnam to a group of investors in June 2026. ¥ Upon completion of the transaction, VinFast has entered into a long-term contr
Slide 14: Real Estate Development and Services: Residential
22026 EARNINGS PRESENTATION Real Estate Deve Residential Residential VND 134.2 trillion Vinhomes’ adjusted revenue! in 1H2026 203% Yo VND 148.1 trillion Vinhomes’ contracted sales in 1H2026 VND 196.8 trillion Vinhomes’ unbilled sales as of Jun-26 hi Not. Figures are adjusted, adding bulk sales.
Slide 15: Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4
20 ▲ ✓ 15 10 5 - ✓ Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2024 2025 2026 2024 2025 2026 8 ▼ 240 ▼ 6 200 160 4 120 80 2 40 - - Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2024 2025 2026 2024 2025 2026 2024 2025 2026
Slide 16: Hanoi & HCMC's Proposed Master Plan
12026 EARNINGS PRESENTATION Hanoi & HCMC’s Proposed Master Plan: an Era of National Resurgence and Sustainable Growth Hanoi: From one center to a network of metropolitan hubs 14 Planned urban areas 17 - 19 million _ Population by 2065 02 of 05 National TOD hubs are in Developed Projects in CBD : are
Slide 17: 1H2025 1H2026 Dec-23
200,0 180,0 160,0 140,0 120,0 100,0 80,0 60,0 40,0 20,0 - 2022 2023 2024 2025 1H2025 1H2026 Dec-23 Dec-24 Jun-25 Dec-25 Jun-26 2022 2023 2024 2025 1H2025 1H2026
Slide 18: Infrastructure as Accelerator of Township Development
2Q2026 EARNINGS PRESENTATION Infrastructure as Accelerator of Township Development Infrastructure projects commenced in 2Q2026 Y Scale: 122 km v Scale: 146 km (39 km subsea Y. Scale: 36 km with 10 main lanes v Exp. Launch: end 2028 xy © section) Vv Exp. Launch: 2027 v . Y Role: Developer - VinSpeed
Slide 19: Real Estate Development and Services: Hospitality and Entertainment
2Q2026 EARNINGS PRESENTATION == Real E Estate Development and Services Hospitality and Entertainment c. 64% Occupancy rate of ¥ rea in 1H2026' +Nppt Ye c. 6.1 million Number of visits to VinWonders in 1H2026! 10% Yo VND 6,795 billion Vinpear! total revenue in 1H2026 155 Y
Slide 20: 180,0 160,0 140,0 120,0 100,0 80,0 60,0 40,0 20,0 0,0 2022 023 2024 2025
180,0 160,0 140,0 120,0 100,0 80,0 60,0 40,0 20,0 0,0 2022 2023 2024 2025 1H2025 1H2026
Slide 21: 1H2019 1H2023 1H2024 1H2025 1H2026 1H2019 1H2023 1H2024 1H2025 1H2026
1H2019 1H2023 1H2024 1H2025 1H2026 1H2019 1H2023 1H2024 1H2025 1H2026 ✓ ✓
Slide 22: 1H2023 1H2024 1H2025 1H2026 1H2023 1H2024 1H2025 1H2026
1H2023 1H2024 1H2025 1H2026 1H2023 1H2024 1H2025 1H2026 ✓ ✓
Slide 23: Robust Operational Execution and Business Activities Continued in 2Q2026
2Q2026 EARNINGS PRESENTATION Robust Operational Execution and Business Activities Continued in 2Q2026 Expanding the Product Portfolio across Multiple Market Segments VinFun k Location: Vinhomes Pearl Bay Exp. Opening: 2027 Comprised of Raha by VinFun & Otika by VinFun Overview: introducing a new hos
Slide 24: Other Businesses
Slide 25: Other Businesses Updates: Green Transition in International Markets
2Q2026 EARNINGS PRESENTATION Other Businesses Updates: Further Activities to Boost Up Green Transition in International Markets GSM unifying its global brand identity to support international expansion. Green SM Bike expands its services to 19/34 cities/provinces GO GREEN GLOBAL GSM Platform Launche
Slide 26: Other Business Updates: New Facilities and High-Tech Centers
12026 EARNINGS PRESENTATION Other Business Updates: Expanding the Vingroup Ecosystem with New Facilities and High-Tech Centers Vingroup reaffirms its leadership among Vietnamese private @ enterprises Vineaour #26 SOUTHEAST ASIA Fortune Southeast Asia 500 Ranking 2024 2025 2026 #45 #37 #26 lll Vinsch
Slide 27: 3. Financial Summary
3. Financial Summary
Slide 28: Property and non-property revenue
2023 2024 2025 1H2025 1H2026 2023 2024 2025 1H2025 1H2026 2023 2024 2025 1H2025 1H2026 2023 2024 2025 1H2025 1H2026 Property revenue Non-property revenue
Slide 29: Revenue by segment
2023 2024 2025 1H2025 1H2026 2023 2024 2025 1H2025 1H2026 2023 2024 2025 1H2025 1H2026 Property sales Industrials Hospitality & entertainment services Education Healthcare Leasing Others 2023 2024 2025 1H2025 1H2026 2023 2024 2025 1H2025 1H2026
Slide 30: 10.000 8.000 6.000 4.000 2.000 – (2.000) 2023 2024 2025 1H2025 1H2026 2023 2024
10.000 8.000 6.000 4.000 2.000 – (2.000) 2023 2024 2025 1H2025 1H2026 2023 2024 2025 1H2025 1H2026 2023 2024 2025 1H2025 1H2026 2023 2024 2025 1H2025 1H2026 2023 2024 2025 1H2025 1H2026
Slide 31: Assets, equity and leverage
Property Sales Industrials Hospitality & entertainment Healthcare & education Dec-22 Dec-23 Dec-24 Dec-25 Jun-26 2022 2023 2024 2025 LTM2026 Others Total Debt / EBITDA Net Debt / EBITDA Total assets Total equity
Slide 32: 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 33: Leverage, Coverage and Other Ratios
2Q2026 EARNINGS PRESENTATION 33 Leverage, Coverage and Other Ratios LTM as of 30.6.2026 FY2025 Change Leverage ratios Net debt!?/ EBITDA? 21x 2.7x -0.6x Net debt! / (Total assets - cash & ST investments”) 20.5% 24.1% -360Bps Coverage ratios Recurring revenue / Interest expense® 5.6x 5.2x +0.4x EBITD
Slide 34: Company Information
Company Information Vingroup today bases its strategy on the principles of sustainability and professional management to operate in six major business segments: + Industrials - Technology ~ VinFast, the first and largest domestic comprehensive automobile manufacturer and electric scooter producer in
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