Vingroup Joint Stock Company · HOSE:VIC
Vingroup Joint Stock — Q4 2023 Earnings Presentation
37 slides from Vingroup Joint Stock's earnings presentation, Jan 31, 2024
Slide 1: Vingroup's 4Q2023 Earnings Presentation
Vingroup’s 4Q2023 Earnings Presentation 31 January 2024
Slide 2: Important Notice
4Q2023 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: Table of Contents
4Q2023 EARNINGS PRESENTATION Table of Contents Macroeconomic Update Operational Update Financial Summary 2024 Outlook
Slide 4: Key Highlights
4Q2023 EARNINGS PRESENTATION Key Highlights _ Macroeconomic Fundamentals stay robust, conducive for strong performance in 2024 Industrials - Technology On track with global infrastructure development (2) Real Estate Development & Services Solid performance across businesses e Financial Performance V
Slide 5: Macroeconomic Update
4Q2023 EARNINGS PRESENTATION ~ 5
Slide 6: Vietnam's Navigating Global Challenges With Resilience
4Q2023 EARNINGS PRESENTATION Vietnam's Navigating Global Challenges With Resilience Vietnam’s economy growth accelerated in 4Q2023, driving 2024 GDP. growth to outperform SEA peers Vietnam 2023 FY2023-24 GDP growth 2023 2024F quarterly GDP. forecast! (%) growth oF 9% 55% a 52% s0%50% 53% 33 41% ely
Slide 7: Vietnam's Navigating Global Challenges With Resilience (cont'd)
4Q2023 EARNINGS PRESENTATION Vietnam's Navigating Global Challenges With Resilience (cont’d) Inflation: Well below government target Central bank focused on creating favorable conditions for market to bounce back Inter - Bank Interest Rate, VNIBOR VND (%) i time: March 18 {4time: June 19) 5.0% 12% V
Slide 8: Operational Update
EARNINGS PRESENTATION
Slide 9: VinFast Operational highlights
5 SARS | VR | Operational highlights EV deliveries in 4Q2023") Charging points?) Showrooms!) Visit VinFast it CES 2024 Booth #6417
Slide 10: Global Infrastructure Development - On Track
4Q2023 EARNINGS PRESENTATION 10 Global Infrastructure Development - On Track United States Partnered with Luka Koper to Signed agreements with five establish terminal services dealers in Texas, North Carolina, New York, Kansas First batch of VF 8 arrived in Belgium Vietnam NM ) Partnered with Flo fo
Slide 11: Stepping Up on Global Branding
4Q2023 EARNINGS PRESENTATION Stepping Up on Global Branding CES 2024 - Venture Beyond Unveiled new EV concept - the VF Wild v The Longest in the mid-size pickup truck segment v 5 to 8 feet of storage compartment length thanks to automatic folding feature of the windshield and rear seats VF 3 - Green
Slide 12: VF 6 - Available To Order In Vietnam Starting December 24, 2023
4Q2023 EARNINGS PRESENTATION VE 7 - Available To Order In Vietnam Starting December 24, 2023 23 iles 375 km 349 hp 500 Nm Max Power and Max Torque)
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Slide 14: Real Estate Development and Services
Real Estate Development and Services Residential VND 121.4 trillion VND 48.9 trillion VND 99.7 trillion Retail Vinhomes’ total adjusted al revenue! exceeds FY2023 VND 7.8 trillion guidance of VND 100tn Gross profit in 2023 arn +11% YoY VND 5.7 trillion Unbilled bookings of Vinhomes as of VND 4.4 tri
Slide 15: Residential: Solid Performance Amidst Challenges And Paving The Way For New Milestones
4Q2023 EARNINGS PRESENTATION 15 Residential: Solid Performance Amidst Challenges And Paving The Way For New Milestones Adjusted revenue! Unbilled bookings! Construction commencement of new amenities at Vinhomes Grand VND trillion VND trillion Park and Vinhomes Ocean Park 3 = +12% 21 107.6 09 we 96 n
Slide 16: Ocean City's Transformation Into A Vibrant Living Community And Entertainment Hub Of Hanoi
4Q2023 EARNINGS PRESENTATION Ocean City’s Transformation Into A Vibrant Living Community And Entertainment Hub Of Hanoi GRAND OPENING OF MEGA GRAND WORLD The F&B, shopping and entertainment “hub” in the North Accessibility potential 50 million visitors annually 64,000 visitors in 1 day 160,000 visit
Slide 17: Retail: Strong Rebound Witnessed Across Key Business Indicators
4Q2023 EARNINGS PRESENTATION Retail: Strong Rebound Witnessed Across Key Business Indicators Expansion of retail establishments through strategic mall Impressive business results across all segments . : ; p 9 openings across Vietnam in 2024 84.8% 346 shophouses VND 1,772 billion +365% Occupancy rate
Slide 18: Hospitality: The Tourism Industry Is Experiencing A Strong Recovery
4Q2023 EARNI PRESENTATION Hospitality: The Tourism Industry Is Experiencing A Strong Recovery And Is At The Forefront Of New Growth Trends Tourism: Innovative new policies Countries and Territories eligible for e-visa days of visa-free duration (previously 15 days) ‘Source: General Statistics Office
Slide 19: 800
800 700 600 500 400 300 200 100 0
Slide 20: Hospitality: Destination Events to Attract International & Domestic Visitors
4Q2023 EARN PRESENTATION 20 Hospitality: Destination Events to Attract International & Domestic Visitors - sensational month-long celebratory events for Christmas & animated Phu Quoc with a series of highly anticipated year-end New Year season activities. Themed "Twilight till First Light" and featu
Slide 21: Social Enterprises
Social Enterprises
Slide 22: Education: Reaffirmed Its Leading Position And Strong Collaboration Globally
4Q2023 EARNINGS PRESENTATION Education: Reaffirmed Its Leading Position And Strong Collaboration Globally Vinschool opened 02 new campuses and reaffirmed its leading position in private education and teaching quality Vinschool Grand Park Remarkable achievement by students in Q4.2023 eh Note: 1.The n
Slide 23: Healthcare & Other Business Updates
4Q2023 EARNINGS PRESENTATION Healthcare & Other Business Updates Vinmec — pioneer in the application of modern technologies and f advanced treatment methods Y In early 2024, Vinmec achieved a medical breakthrough by simultaneously replacing both the pelvis and part of the femur in a patient with a r
Slide 24: Sustainable Triumphs: Vingroup's ESG Initiatives Shine
4Q2023 EARNINGS PRESENTATION 24 Sustainable Triumphs: Vingroup's ESG Initiatives Shine 4 R nition for E: Ff 28,600 tons of Co, reduction ‘ecognition for ESG efforts After 02 years of Vinbus operation Y Vingroup, VinFast, Vinhomes: awarded by FinanceAsia Awards 2023 as Best Managed Company and Best E
Slide 25: Reinforcing On Branding Equity Globally
4Q2023 EARNINGS PRESENTATION Reinforcing On Branding Equity Globally Industrials & Technology Real Estate Development & Services Social Enterprises v New Star Award - VFS and Subcompact Crossover B - VF6 honored at the Car Awards 2022 by VINFAST VnExpress Y Car Choice Awards 2023 rated VF 9 and VF 6
Slide 26: 3. Financial Summary
Slide 27: 33,892 99,058 43,777 84,888 46,661 84,156 67,051 120,893
33,892 99,058 43,777 84,888 46,661 84,156 67,051 120,893
Slide 28: Segment Revenue Performance
Segment Revenue Performance Property Sales! 2023 vs. 2022: 1.4x 99,058 84,888 2020 2021 Healthcare 2023 vs. 2022: +2.3% 2,675 2,778 2020 2021 VND billion 120,893 84,156 2022 2023 VND billion 4317 4415 2022 2023 Leasing 2023 vs. 2022: +18.2% 6,662 2020 Education 5,368 2021 2023 vs. 2022: +36.2% 2,244
Slide 29: 7,000 5,000 3,000 1,000 (1,000) (3,000) (5,000) 300 100 (100) (300)
7,000 5,000 3,000 1,000 (1,000) (3,000) (5,000) 900 700 500 300 100 (100) (300)
Slide 30: Balance Sheet Highlights (1)
30 Balance Sheet Highlights (1) Debt! 2.5/ EBITDA‘ Total Assets & Total Equity VND billion Breakdown of Total Assets % 8.1% 7.9% 9.6% 10.6% 39x 3 3.3x 3.3x 3.0x P VND 668 trillion 27% 877,407 23x 24x 423,341 428,384 ™ Property sale 136,365 159,572 135,655 148,222 : = Industrials a Hospitality & ente
Slide 31: Balance Sheet Highlights (2)
Balance Sheet Highlights (2) Total Debt Breakdown By Type % International bond Convertible 12.7% loan Domestic bond 0.6% 22.4% Revolving bank loan Other VND 213 v2% Ahh trillion Exchangeable tongterm bond 73% 49% . Syndicated loan 30.6% Total Debt Breakdown By Maturity VND billion 79,517 : 74,653 10
Slide 32: Leverage, Coverage and Other Ratios
Leverage, Coverage and Other Ratios FY2023 9M2023 Change Leverage ratios Net debt!?/ EBITDA? 3.3x 3.2x O.1x Net debt! / (Total assets - cash & ST investments”) 27.3% 27.1% (20) Bps Coverage ratios Recurring revenue / Interest expense® 3.9x 3.8x (0.1)x EBITDA / Interest expense® 3.0x 3.4x (0.4)x Othe
Slide 33: 4. 2024 Outlook
4.2024 Outlook st ee eV "2 en"
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Slide 36: 2024 Outlook (3)
4Q2023 EARNINGS PRESENTATION 36 2024 Outlook (3) Social Enterprises * Optimize operation, deploy technology to + Ramp up new campuses within the + Continue to promote international achieve enhanced efficiency across —_ network partnerships, foster exchange network * Continue implementation of CIS pr
Slide 37: Company Information
4Q2023 EARNI PRESENTATION Company Information Vingroup Joint Stock Company (“Vingroup”), Vinhomes Joint Stock Company (“Vinhomes”), and Vincom Retail Joint Stock Company ‘s combined market capitalization: USD 17 billion as at 29 December 2023. Vingroup today bases its strategy on the principles of s
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