Slide 1: Vincom Retail Corporate Presentation June 2025
4 VINCOM RETAIL Corporate Presentation June 2025 Te MITT ul
Slide 2: Disclaimer
RETAIL CORPORATE PRESENTATION 2 vine Disclaimer 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 Vincom Retail Joint Stock Compa
Slide 3: Table of Content
VINCOM RETAIL CORPORATE PRESENTATION Table of Content 1 Vincom Retail: The Market Leader in Vietnam 2 Key Investment Highlights 3 Short- and Long-term Outlook 4 1Q25 Operational Highlights ‘incom Plaza Ha Long ~ Quang Ninh
Slide 4: Vincom Retail: The Market Leader in Vietnam
\Vinoom Mega Mall
Slide 5: Emergence of Vincom Retail as a Pioneer and Clear Market Leader
VINCOM RETAIL CORPORATE PRESENTATION Emergence of Vincom Retail as a Pioneer and Clear Market Leader 2014 - 2024CAGR 15% 14% 1" Life-Design mall - Vincom Mega Mall Smart City Leasingrevenue _—_—Retail GFA Covid-19 outbreak 1 Retail GFA (‘000 sam) SS Leasing Revenue (VND bn) |EO! and listed on HOSE ¥
Slide 6: Vincom Retail's Unique and Dominant Position
VINGOM RETAIL CORPORATE PRESENTATION Vincom Retail’s Unique and Dominant Position The ultimate shopping destination of cities and provinces across the country 88 31 cities, provinces Hanoi & HCMC Accounts for ~60% total GFA ~180 mn Annual footfalls* Operating malls Nationwide network! ~1.84 mn Retai
Slide 7: Key Investment Highlights
21 2.2 2.3) 24 2.5
Slide 8: Amidst global headwinds, Vietnam remains an economic bright spot
vine RETAIL CORPORATE PRESENTATION 21 Amidst global headwinds, Vietnam remains an economic bright spot... Vietnam Among The Fastest Growing Economies in Southeast Asia GDP growth ( GDP 1Q2025 +6.9% YoY GDP 2024 +7.1% YoY Real GDP Growth 2025F Philippines Vietnam Indonesia Malaysia World Singapore Th
Slide 9: Supported by strong favorable demographics and macro tailwinds
VINCOM RETAIL CORPORATE PRESENTATION 21 ...supported by strong favorable demographics and macro tailwinds Third most populous country in the Southest Asia with low base disposable income ..accelerated by continued trend of urbanization per capita with potential for growth... Urban population & growt
Slide 10: Vietnam Retail Malls: Limited Supply, Strong Demand, Rising Rents
VINGOM RETAIL CORPORATE PRESENTATION 2.2 Vietnam Retail Malls: Limited Supply, Strong Demand, Rising Rents - A Platform for Growth Vietnam leads retail sales growth in ASEAN 2025F - 2030F CAGR Retail Sales (%) 12.1% 93% 10.0% ere 6.9% Singapore Thailand Malaysia Philippines Indonesia Vietnam With li
Slide 11: The Go-to Platform for International and Established Local Brands
VINCOM RETAIL CORPORATE PRESENTATION 0 23 Vincom Retail - The “Go-to” Platform for International and Established Local Brands The trusted partners for first-time entrants into the Vietnam market... Best-in-Class Tenant Portfolio murs Maison TOMMY SBHILFIGER MAX&Co. PEDRO Francis Kurkdjian HERMES cM
Slide 12: Pioneer in developing modern commercial streets in Vietnam
VINGOM RETAIL CORPORATE PRESENTATION Pioneer in developing modern commercial streets Vietnam in collaboration with leading developers, Vinhomes and Vinpearl, in forming new destinations Successful Case Study: Grand World - Ocean City, East of Hanoi Our proven leasing strategies drive expansion to ot
Slide 13: Unrivalled position by partnering with Vingroup
VINGOM RETAIL CORPORATE PRESENTATION 3 24 Unrivalled position by partnering with Vingroup - The Best-in Country Ecosystem Access to Unrivaled Landbank Through Business Cooperation Contracts! with Partnering with sister companies to create large-scale concerts and events, elevating Vietnam's Largest
Slide 14: Institutional level corporate governance in place
VINCOM RETAIL CORPORATE PRESENTATION % 2.5 Institutional level corporate governance in place Affiliated Tenants & Management Services Contracts Fair dealin + Leases with related-party tenants management services contract are negotiated on e ig party 9 9 principle arm’s length commercial terms, which
Slide 15: Committed as a sustainable developer, community builder, and lifestyle pioneer
VINGOM RETAIL CORPORATE PRESENTATION 2.55 Committed as a sustainable developer, community builder, and lifestyle pioneer Sustainability Developer Installing solar panels at 56/88 shopping malls, equivalent to that of a small-scale power plant. By the end of 2024, solar energy usage reached 15.5 mill
Slide 16: Leasing revenue sustained solid growth while preserving impressive profit margins
VINGOM RETAIL CORPORATE PRESENTATION 2.6 Leasing revenue sustained solid growth while preserving impressive profit margins Total Revenue VND Bn 9,259 97 8,939 215 a 2,027 zze 7,796 2019 2020 2021 2022 2023 2024 m Leasing of Investment Properties __ Sales of Inventory Properties Leasing Net Operating
Slide 17: Fortress balance sheet supports future growth
VINCOM RETAIL CORPORATE PRESENTATION 2.6 Fortress balance sheet supports future growth Total Assets! VND Bn 55,226 55,947 AT54 39816 37873 42701 27,341 28,311 15,487 27,124) 31/12/2020 31n2/2021 3ifn2/2022 31/2/2023 31/2024 31/03/2025 = Investment Properties and Investment Other Assets Properties Un
Slide 18: Short- and Long-term Outlook
Slide 19: 2025 Strategic Pillars: Optimizing Existing Malls & Accelerating Expansion
VINCOM RETAIL CORPORATE PRESENTATION ~ 2025 Strategic Pillars: Optimizing Existing Shopping Malls & Accelerating Expansion of New Generation Mega Mall 3.1 Enhancing operational efficiency of existing shopping mall portfolio; targeting double-digit growth in leasing revenue Plan to open 3 new shoppin
Slide 20: Future Pipeline Focus: Vincom Mega Malls
VINCOM RETAIL CORPORATE PRESENTATION 20 3.2. Future Pipeline Focus: Vincom Mega Malls - Immersive Retail Experience Beyond Shopping Vincom Mega Mall Ocean City - Hung Yen Vincom Mega Mall Royal Island - Hai Phong Positioning Destination Mega Mall Positioning Destination Mega Mall Retail GFA’ 53,200
Slide 21: Medium- and long-term growth drivers
VINGOM RETAIL CORPORATE PRESENTATION Medium- and long-term growth will be driven by new mall openings, enhanced performance of 3.3 ye . . * . existing assets, and the expansion of for-sale commercial units and commercial street developments f VINCOM RETAIL Optimize efficiency of 88 shopping malls in
Slide 22: Investor Relations Department
Investor Relations Department Vincom Retail JSC Symphony Office Tower, Chu Huy Man Street, Vinhomes Riverside Eco-Urban Area, Phuc Loi Ward, Long Bien District, Hanoi, Vietnam Tel: +84 (24) 3975 6699 ext. 5445 Website: ir.vincom.com.vn/en E-mail: ir@vincom.com.vn