Vincom Retail Jsc · HOSE:VRE
Vincom Retail Jsc — Vincom Retail — Investor Presentation (March 2025)
23 slides from Vincom Retail Jsc's investor presentation, March 2025
Slide 1: Vincom Retail Corporate Presentation March 2025
4 VINCOM RETAIL Corporate Presentation March 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 Outlook in 2025 4 Operational Highlights in 2024 ‘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) IEO! and listed on HOSE 5506
Slide 6: Vincom Retail's Unique and Dominant Position
VINGOM RETAIL CORPORATE PRESENTATION 6 Vincom Retail’s Unique and Dominant Position The ultimate shopping destination of cities and provinces across the country Multi- Format Retail Malls Vincom Center (15% of total GFA) Vincom Mega Mall (31% of total GFA) 88 48 cities, provinces Hanoi & HCMC Operat
Slide 7: 2.2 2.3 2.5
21 2.2 2.3 24 2.5
Slide 8: Amidst global headwinds, Vietnam remains an economic bright spot
21 Amidst global headwinds, Vietnam remains an economic bright spot... jetnam Among The Fastest Growing Economies in Southeast Asia Real GDP Growth 2025F (%) GDP 42024 Vet) TT 6,1 +7.6% Philipines 38 YoY Indonesia 5.0 Malaysia 48 GDP 2024 World 32 +7.1% Thailand 29 YoY Singapore 25 PMI (point) and V
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: Retail malls have emerged as the platform of choice
VINCOM RETAIL CORPORATE PRESENTATION 0 2.2 Retail malls have emerged as the platform of choice Vietnam's retail sales leads the growth in the region... 2024E - 2030E CAGR Retail Sales (%) ..while Vietnam’s retail mall penetration is considerably lower compared to the region... Vietnam has a Low Mall
Slide 11: The Go-to Platform for International and Established Local Brands
VINGOM RETAIL CORPORATE PRESENTATION 23 The “Go-to” Platform for Well-known International and Established Local Brands The trusted partners for first-time entrants into the Vietnam market... Best-in-Class Tenant Portfolio Fashion & Beauty » A BE ZARA AM FR ore PRESEN MaxMara CHARLES & KEITH PEDRO TO
Slide 12: Pioneer in developing modern commercial streets: Grand World Ocean City
VINGOM RETAIL CORPORATE PRESENTATION 2 Pioneer in developing modern commercial streets Vietnam in collaboration with leading 2.3 . . . : ° . developers, Vinhomes and Vinpearl, in forming new destinations Successful Case Study: Grand World - Ocean City, East of Hanoi Our proven leasing strategies dri
Slide 13: Unrivalled position by partnering with Vingroup
VINGOM RETAIL CORPORATE PRESENTATION 3 24 Unrivalled position by partnering with Vingroup - The Best-in Country Ecosytem Access to Unrivaled Landbank Through Business Cooperation Contracts! with Partnering with sister companies to create large-scale concerts and events, elevating Vietnam's Largest R
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 internal tenants management services contract are negotiated on arm’s e 'g i) 1g principle length commercial terms, which helps VR
Slide 15: Committed as a sustainable developer, community builder, and lifestyle pioneer
VINGOM RETAIL CORPORATE PRESENTATION 2.5 Committed as a sustainable developer, community builder, and lifestyle pioneer Sustainability Developer + Installed solar panels at 54/88 shopping malls, covering 10% of the energy consumption of Vincom retail malls. Total energy usage from solar panels by en
Slide 16: Financial performance in 2024 stabilized while maintaining impressive margins
vine RETAIL CORPORATE PRESENTATION Following record growth in 2023 driven by pent-up demand post-pandemic, financial = performance in 2024 have stabilized while still maintaining impressive margins Total Revenue Gross profit VND Bn VND Bn Gross profit margin (%) 9701 - : 535% 25% | 560% ssax 7,361 2
Slide 17: Fortress balance sheet supports future growth
VINCOM RETAIL CORPORATE PRESENTATION 2.6 Fortress balance sheet supports future growth Total Assets! 2 VND Bn 41,654 39,816 37873 42,70 1125 10,349 15,487 27,214] ain2/2019 3in2/2020 3in2/2021 3in2/2022 31n2/2023 = Investment Properties and Investment Other Assets Properties Under Construction’ Owne
Slide 18: Vincom Plaza Ha Long - Quang Ninh
B ‘incom Plaza Ha Long ~@uang Ninh A \\ ti \
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 Plan to open 3 new shopping malls, adding c.120,000 sqm of new retail GFA Enhancing operational efficiency of existing shopping mall portfolio; t
Slide 20: Future Pipeline Focus: Life-Design Mega Malls
20 3.2 Future Pipeline Focus: Life-Design Mega Malls - Immersive Retail Experience Beyond Shopping Vincom Mega Mall Ocean City - Hung Yen Vincom Mega Mall Royal Islands - Hai Phong Go-to destination mega TAectl mall with curated mix Positioning that elevating traditional retail experience Go-to dest
Slide 21: Vincom Plaza Ha Long - Quang Ninh
= _¢ = A Vincom plaza Ha Long 4@uang Ninh J
Slide 22: Operational Highlights in 2024
Operational Highlights in 2024 Q Solidifying leading position in terms of scale and coverage Vincom Plaza Ha Giang Owes i. Vineom Plaza Bac Giang » Vincom Plaza Dien Bien Phu © \Vincom Plaza Dong Ha Quang Tri A 5 Shopping malls A & New provinces Sqm of A 95,000 retail GFA Ey Vineom Mega Mall Grand P
Slide 23: 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