VietNam Holding Limited · LSE:VNH
VietNam — Vietnam's Digital Transformation webinar (June 2021)
15 slides from VietNam's conference presentation, June 2021
Slide 1: Vietnam's Digital Transformation
Vietnam’s Digital Transformation June 2021 The webinar will start shortly…
Slide 2: Vietnam Holding Ltd Overview
Vietnam Holding Ltd Overview Closed-end fund Partner owned +14.9%* p.a. over 10 years c.£108m listed on LSE Manager with Market cap Main Market locally based team Vietnam All Share +11.6% ** p.a. Nimble stock selection, actively managed, high-conviction portfolio with integrated ESG Thematic exposur
Slide 3: Vietnam Country Profile
Vietnam Country Profile Population 97.6mn 32.5 years 85% Population Median age Ethnic Kinh 15th in the world Youngest in ASEAN Stable socio-political environment 98% >65% 36% Literacy rate Internet penetration Urbanization 2nd highest among top High growth in digital Japan 10 investible FM countries
Slide 4: Content
Content Vietnam’s Digital Transformation 1. Vietnam Macro Update 2. Vietnam Equity Market: Growth At Attractive Valuation 3. VNH Portfolio: Mid-cap Focus with Sustainable Growth 4. Vietnam’s Digital Transformation: Building Foundations for Future Growth 5. Q&A 4
Slide 5: Macro Update: Strong Macroeconomic Conditions by end of Q1
Vietnam Macro Update Strong Macroeconomic Conditions by end of Q1 • New Prime Minister – Mr. Pham Minh Chinh - appointed in April for a five-year term • Economy records solid growth in Q1: +4.48% year on year • Dynamic foreign trade activities: exports rose by 44.9% year on year • electronic and com
Slide 6: Macro Update: Recent Covid-19 spike may impact Q2/2021
Vietnam Macro Update Recent COVID-19 spike and social distancing may impact Q2/2021 • Recent spike of Covid-19 started in May 2021 – the fourth wave • Ho Chi Minh City and Bac Giang implemented social distancing • Government has set up a $1.1bn vaccine fund – current vaccination levels are low (c1.1
Slide 7: Content
Content Vietnam’s Digital Transformation 1. Vietnam Macro Update 2. Vietnam Equity Market: Growth At Attractive Valuation 3. VNH Portfolio: Mid-cap Focus with Sustainable Growth 4. Vietnam’s Digital Transformation: Building Foundations for Future Growth 5. Q&A 7
Slide 8: Vietnam Equity Market: Healthy Market Development
Vietnam Equity Market Healthy Market Development Market capitalization (USD bn) Liquidity improving over last 10 years (USD mn) 300 2,000 1400 1000 Total Market Cap (LHS) 1,613 1,637 1661 Number of stocks (RHS) Liquidity (RHS) 900 1,545 1200 250 1,418 261 VNIndex (LHS) 800 1,500 229 1000 700 200 600
Slide 9: Equity Review: Strong Resilience & Healthy Capital Market Development
Vietnam Equity Review Strong Resilience & Healthy Capital Market Development High Return on Equity and Return on Assets Market recovered quickly and strongly after Covid-19 sell-off in March 2020 25 PE VNINDEX Profitability of Vietnam Index and its peers 16% 13.9% PE VN30 14% 11.0% ROE ROA 20 12% 9.
Slide 10: Content
VNH Portfolio Mid-cap Focus with Sustainable Growth 1. Vietnam Macro Update 2. Vietnam Equity Market: Growth At Attractive Valuation 3. VNH Portfolio: Mid-cap Focus with Sustainable Growth 4. Vietnam’s Digital Transformation: Building Foundations for Future Growth 5. Q&A 10
Slide 11: VNH Portfolio: High Conviction/Concentrated Portfolio
VNH Portfolio High Conviction/Concentrated Portfolio Across Key Themes of Domestic Consumption, Urbanization and Industrialization Top Ten Holdings Sector Allocation Banks 30.2% Company % NAV FPT 10.5% Industrial Goods & Services 18.6% Hoa Phat Group 10.3% Real Estate 16.4% VP Bank 9.1% Telecommunic
Slide 12: Track Record: 10-year NAV per Share vs. VNAS Index
Track Record VNH Portfolio: 10-year NAV per Share Performance vs. VNAS Index (Apr 2011 – Apr 2021) 240% 220% 200% NAV per share (USD) 180% Vietnam All Share Index (USD) 160% 140% 120% 100% 80% 60% 40% 20% 0% -20% -40% Apr-11 Apr-12 Apr-13 Apr-14 Apr-15 Apr-16 Apr-17 Apr-18 Apr-19 Apr-20 Apr-21 Sourc
Slide 13: Vietnam's Digital Transformation: Building Foundations for Future Growth
Vietnam’s Digital Transformation Building Foundations for Future Growth 1. Vietnam Macro Update 2. Vietnam Equity Market: Growth At Attractive Valuation 3. VNH Portfolio: Mid-cap Focus with Sustainable Growth 4. Vietnam’s Digital Transformation: Building Foundations for Future Growth 5. Q&A 13
Slide 14: Disclaimer
Disclaimer This presentation relates to Vietnam Holding Limited (the "Company") and has been prepared by Dynam Capital, Ltd. ("Dynam"). This presentation is for information and discussion purposes only and should not be considered to be an offer or solicitation of an offer to buy or sell shares in t
Slide 15: Contact us
Contact us Craig Martin Vu Quang Thinh Chairman CIO craig@dynamcapital.com thinh.vu@dynamcapital.com www.dynamcapital.com 15
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