Gelex Group Joint Stock Co · HOSE:GEX
Gelex Group Joint Stock — GELEX Group — Q3 2024 Earnings Presentation
20 slides from Gelex Group Joint Stock's earnings presentation, November 2024
Slide 1: GELEX Group Business Performance Presentation for Q3-2024
GELEX Group Business Performance Presentation for Q3-2024
Slide 2: Summary
SUMMARY 1. Macroeconomic situation 3. Business Performance by Sectors Vietnam's GDP growth in Q3 reached 7.4%, higher than In Q3, the EE sector grew positively, with revenue of 5,789 bn forecast even though Northern provinces were heavily affected VND, up 38.4% YoY. The CM sector showed improvement
Slide 3: Vietnam Macroeconomic
Q = O Zz OQ O nm O o S) < = VIETNAM
Slide 4: Vietnam Macroeconomic
VIETNAM MACROECONOMIC GDP • GDP in Q3 increased by 7.4% YoY, higher than CPI • The average 9M CPI increased by 3.88%, due to the expected due to the boost from recovery of production, prices of food, housing and services controlled by domestic consumption, and exportation government like education,
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 Q2 reached 8,709 bn VND, up 5,6% QoQ and 10,000 8,709 7,996 8,105 8,250 16.3% YoY, driven by positive growth in the EE sector. 7,487 8,000 6,410 6,660 • Consolidated PBT Q3 reached 502 bn VND, decreased compar
Slide 8: Net Revenue by Sectors
NET REVENUE BY SECTORS NR by sectors (Bn VND) NR structure Q2-2024 9,000 18 8,000 744 2.4% Electrical 7,000 8.7% 1,952 Equipment 6,000 Construction 5,000 Materials 4,000 3,000 22.4% Industrial Park & 5,789 Real Estate 2,000 1,000 Utility 66.5% - Others ▪ NR of the EE sectors continued to grow positi
Slide 9: Asset and Capital Structure
ASSET AND CAPITAL STRUCTURE (Unit: bn VND) 31/12/23 30/09/24 YTD (%) ASSET STRUCTURE ON 30/09/2024 Long-Term Other Long- Cash & Short- Financial Term Assets Total Asset 55,077 53,617 -2.7% Investments Term Financial 5% Investments Long-Term5% Work-in- 16% • Short-term asset 20,299 23,343 15.0% Progr
Slide 10: Healthy Financial Position
HEALTHY FINANCIAL POSITION 31/12/2023 31/03/2024 30/06/2024 30/09/2024 Leverage Ratios ▪ Liability/ Total Asset 61.5% 60.2% 57.5% 57.8% ▪ Loan/ Equity 94.2% 93.5% 77.8% 79.3% Liquidity Ratios ▪ Current ratio 1.08 1.16 1.33 1.34 ▪ Net Debt/ EBITDA (<=3.5) 1.80 2.00 1.52 1.73 ▪ Debt Service Coverage R
Slide 11: Business Performance by Sectors
3 BUSSINESS PERFORMANCE BY SECTORS
Slide 12: Business Performance – Electrical Equipment
BUSINESS PERFORMANCE – ELECTRICAL EQUIPMENT ▪ NR of the EE sector Q3 reached 5,789 bn VND, up 10.9% QoQ and 38.4% NR and GP of EE sector (bn VND) 7,000 14.2% 13.8% 16.0% YoY, marking the highest quarterly NR in 3 years. Almost production and 12.9% 6,000 11.1% 14.0% 9.7% 10.2% 12.0% business units me
Slide 13: Business Performance – Construction Materials
BUSINESS PERFORMANCE – CONSTRUCTION MATERIALS NR and GP of CM sector (bn VND) ▪ NR of the CM sector in Q3 reached 1,952 bn VND, up 0.9% QoQ but 2,500 16.4% 18.0% down 8.2% YoY. Key products such as glass, tiles, sanitary ware, and 15.0% 14.7% 16.0% 2,000 12.9% 12.5% faucets saw a slight improvement
Slide 14: Business Performance – IP&RE
BUSINESS PERFORMANCE – IP&RE NR and GP of IP&RE sector (bn VND) ▪ NR of the IP&RE sector Q3 reached 759 bn VND, down 4.8% QoQ, but 2,000 80.0% up 1.7% YoY. 70.0% 1,500 60.0% ▪ GP margin for Q3 reached 70.2%, significantly increasing compared to 50.0% previous quarters and higher than YoY, due to rev
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 NR GP GP Margin (%) ▪ NR for the utilities sector in Q3 reached 207 billion VND, continuing to decline compared to
Slide 16: Notable Activities
4 NOTABLE ACTIVITIES
Slide 17: Notable Activities
NOTABLE ACTIVITIES GELEX rated A by VIS Rating with stable long-term GELEX in Top 50 Vietnam outlook (*) Outstanding Profit Companies VIS Rating, established by Moody’s for 5th consecutive year (one of the world's leading credit The award presented by Vietnam rating agencies) and top Report, recogni
Slide 18: Notable Activities
NOTABLE ACTIVITIES GELEX Electric officially GELEX launched Global listed 300 mn shares on mini MBA Training Course – HOSE (ticker: GEE) Management Thinking On August 14, 2024, HOSE GELEX collaborates with FPT held a Listing Decision University to launch the Global Awarding Ceremony, officially Mini
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