Slide 1: VinFast 3Q2024 Earnings Report
VINFAST 3Q2024 Earnings.Report 26 November 2024
Slide 2: Table of Contents
3Q2024 EARNINGS REPOR 2 Table of Contents 3Q24 and Recent Business Highlights Vietnam Update International Update Financial Summary Outlook Appendix Financial Statements
Slide 3: 3Q24 and Recent Business Highlights
EARNINGS REPORT Vietnam's top-selling car brand for September, October, and the first ten months of 2024. (VND 85 trillion) Funding secured from VinFast’s Founder and Vingroup to bolster the Company's financial position North America and Europe. Electric vehicles? E-scooters Charging points* Showroo
Slide 4: Vietnam Update
Slide 5: Long-Term Opportunity at Home: Vietnam's Best-Selling Car Brand
3Q2024 EARNINGS REPORT 6 Long-Term Opportunity at Home: VinFast Was Vietnam’s Best-Selling Car Brand for Two Consecutive Months and for 2024 YTD 01. # of Cars Delivered by Brands in Vietnam - October 2024, 03. Driving Growth with a Broad Charging Network VF 3 and VF 5 were the top-selling models, wi
Slide 6: Accessible Lineup Drives Volume, Backed by Customer Testimonials
3Q2024 EARNI REPORT VinFast’s Accessible Lineup Drives Volume and Sustains Momentum in Emerging Markets, Backed by Customer Testimonials The VinFast VF 3 is perfect for city commuting and ideal for trips. | drive about 30 km in the city every day find the VF 3 quite economical, as | currently get fr
Slide 7: Celebrating First VF e34 Delivery Event
ELEBRATING FIRST VF e34 ND DELIVERY EVENT VinFastdllvered the fist batch of V 634 in Indonesia ~ 3924
Slide 8: Adapted Our Strategy to Favorable Changes in Target Markets
3Q2024 EARNINGS REPOR Adapted Our Strategy and Utilized Our Unique Position to Capitalize on Favorable Changes in Our Target Markets NORTH AMERICA EMEA Southeast Asia Canada - strong momentum in the 3'4 quarter Progressive Market Expansion Opened Sales of New Products fe) Consecutive Official Brand
Slide 9: Indonesia Official Entry - Battery Leasing and Ecosystem as Key Pillars
3Q2024 EARNINGS REPORT Indonesia Official Entry - Battery Leasing and Ecosystem Serve as Key Strategy Pillars 01. Commenced Deliveries of VF e34 VF €34 deliveries began at GIIAS 2024, just months after the brand's debut Owners enjoy a 10-year warranty and top-tier battery policies 02. VF 5 Introduce
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Slide 11: Financial Summary
3Q2024 EARNINGS REPORT Financial Summary $mn, except per share data 2024 Q3 Total Revenue 512 Gross Profit/(Loss) (123) Gross Margin (%) (24.0%) Operating Expenses! (214) EBITDA? (232) Net loss (550) EPs? (0.23) Cash used in operating (465) Capital expenditures (132) Free cash flow’ (596) $mn, excep
Slide 12: We aim to... 2024 global annual delivery target
We aim to... Launch new products in both existing and new markets 2024 global annual delivery target ..Our progress so far + Southeast Asia: Introduce new models in Indonesia and the Philippines + North America & Europe: Adding new, accessible models 80K Electric vehicles to be delivered * Vietnam:
Slide 13: Appendix
Slide 14: Financial Performance
3Q2024 EARNINGS REPORT Financial Performance Reported Gross profit/ (loss) and gross Revenue margin USDmn USDmn Reported GPM 1157 (49.2%) (42.5%) (27.0%) (62,7%) t (92) (140) (226) 512 330 343 $60 : | | (569) 2023 = 2Q23.-«S-3Q23.- 224 3Q24 2023 223. 3Q23_ 2Q24 ‘Source: Compeny information. VinFast
Slide 15: Financial Performance
3Q2024 EARNINGS REPORT Financial Performance SG&A Expenses! R&D Expenses Capital Expenditures Net profit/(Loss) USDmn USDmn USDmn USDmn 1,026 640 ll ll | [| (558) (645) (550) (779) 468 349 wow as come uae 132 | | l] [ UJ i | UI J ' | _ 2023 =2Q23 3Q23 2Q24 3Q24 2023 2Q23 3Q23 2Q24 3Q24 2023 =2Q23 3Q
Slide 16: Financial Performance
3Q2024 EARNINGS REPORT Financial Performance Cash & cash equivalents USDmn Cash reserve! ~4,495 132 i; ae . 79 30 Sep 2023 30 Jun 2024 30 Sep 2024 Short and long-term debt? USDmn mm Short-term Debt =m Long-term Debt 2,918 2,959 2,915 7 30 Sep 2023 30 Jun 2024 30 Sep 2024 Net increase / (decrease) in
Slide 17: Financial Statements
3Q2024 EARNINGS REPORT Financial Statements
Slide 18: Condensed Consolidated Statement of Operations
3Q2024 EARN REPOR Condensed Consolidated Statement of Operations For the Three Months Ended September 30, For the Nine Months Ended September 30, $mn, except per share data 2024 2023 2024 2023 Revenue 512 343 1142 754 COGS (634) (435) (1,650) (1,127) Gross profit/ (loss) (123) (92) (507) (373) % Gro
Slide 19: Condensed Consolidated Balance Sheet
3Q2024 EARNI REPORT Condensed Consolidated Balance Sheet $mn ASSETS Cash & Cash Equivalents Trade receivables Inventories, net Other current assets Total current assets Property, plant and equipment, net Intangible assets, net Operating lease right-of-use assets Other non-current assets Total non-cu
Slide 20: Condensed Consolidated Statement of Cash Flows
3Q2024 EARNI REPORT Condensed Consolidated Statement of Cash Flows $mn, except per share data Net cash flows used in operating activities Net cash flows used in investing activities Net cash flows from financing activities Net decrease in cash, cash equivalents and restricted cash Beginning cash, ca
Slide 21: Reconciliation of GAAP to Non-GAAP Financial Measures
3Q2024 EARNINGS REPORT Reconciliation of GAAP to Non-GAAP Financial Measures $mn, except per share data 2024 Q3 Net loss attributable to controlling interest (GAAP) (549) Finance costs (207) Tax income/ (expense) 1 Depreciation and amortization (im) EBITDA (non-GAAP) (232) Net cash used in operating
Slide 22: Disclaimer
3Q2024 EARNINGS REPORT 2 Disclaimer Non-GAAP and Other Financial and Ooeratina Metrios This presentation includes certain financial measures not prepared in accordance with generally accepted accounting principles in the U.S. ‘U.S, GAAP"), including EBITDA and free cash flow (together, the ‘Non-GAAP
Slide 23: inson Road, #06-01, Singapore 068893
inson Road, #06-01, Singapore 068893 e; https://ir.vinfastauto.us ‘@vinfastauto.com