Gelex Group Joint Stock Co · HOSE:GEX
Gelex Group Joint Stock — GELEX Group — Q1 2024 Earnings Presentation
19 slides from Gelex Group Joint Stock's earnings presentation, May 2024
Slide 1: GELEX Group Business Result Presentation for Q1-2024
GELEX Group Business Result Presentation for Q1-2024
Slide 2: Terms and Acronyms
TERMS AND ACRONYMS AGM Annual General Meeting of Shareholders PBT Profit Before Tax AP Annual Plan Q Quarter Bn Billion QoQ Quarter over Quarter Bn Billion RE Real Estate CM Construction Material YoY Year over Year CPI Consumer Price Index YTD Year to Date EE Electrical Equipment FDI Foreign Direct
Slide 3: Vietnam Macroeconomic; Consolidated Business Performance; Segments
1 3 Vietnam Macroeconomic Business Performance by Segments The GDP growth rate for Vietnam in Q1 reached 5.66% thanks to In Q1-2024, the Industrial Parks & Real Estate sector regained the momentum from the recovery of export activities and domestic momentum in growth after slowing down in H2-2023. M
Slide 4: Vietnam Macroeconomic
1 VIETNAM MACROECONOMIC
Slide 5: Vietnam Macroeconomic: GDP and CPI
VIETNAM MACROECONOMIC GDP of Vietnam increased by 5.66%YoY ▪ GDP in Q1-2024 increased by 5.66%, driven by the momentum from the recovery of exports and domestic consumption. GDP ▪ The agriculture, forestry, and fisheries sector increased by 2.98%, contributing 6.09%; the industry and construction se
Slide 6: Consolidated Business Performance of GELEX Group
2 CONSOLIDATED BUSSINESS PERFORMANCE OF GELEX GROUP
Slide 7: Core Business
CORE BUSINESS 01 ELECTRICAL EQUIPMENT 03 UTILITIES Over 30 years leading in Vietnam electrical equipment market with top Power Generation: invested and operated energy projects with a total capacity of brands, eg: CADIVI, THIBIDI, HEM, EMIC, CFT, MEE. ~260MW and Power Distribution. Continue investin
Slide 8: A Significant Increase in PBT YoY
A SIGNIFICANT INCREASE IN PBT YoY VND Bn NR and PBT by quarter ▪ Consolidated NR Q1 reached 6,660 bn VND, increased by 3.9% 9,000 7,996 8,105 8,000 7,487 YoY. 6,410 6,660 7,000 ▪ Consolidated PBT Q1 reached 385 bn VND, showing a significant 6,000 5,000 YoY increase due to stable business operations.
Slide 9: Net Revenue by Sectors
NET REVENUE BY SECTORS VND Bn Quarterly NR by sectors Consolidated NR structure for Q1-2024 9,000 5.8% 0.2% 8,000 7,000 6,000 18.6% 5,000 4,000 3,000 54.1% 2,000 21.3% 1,000 - Q1-2023 Q2-2023 Q3-2023 Q4-2023 Q1-2024 ▪ The NR of EE sector saw a decrease compared to the last two Quarters of 2023; howe
Slide 10: Stable Asset and Capital Structure
STABLE ASSET AND CAPITAL STRUCTURE Asset Structure Unit : billion VND 31/12/23 31/03/24 YTD (%) Cash and cash Total asset 55,076 53,893 -2.1% 6% equivalent 6% Short-term investment Short-term asset 20,261 19,475 -3.9% 7% Short-term Long-term asset 34,815 34,419 -1.1% receivables 16% Inventory Liabil
Slide 11: Stable Financial Health
STABLE FINANCIAL HEALTH 31/12/2023 31/03/2024 Leverage Ratios ▪ Liability/ Total Asset 61.5% 60.2% ▪ Loan/ Equity 94.2% 93.5% Solvency Ratios ▪ Current ratio 1.08 1.16 ▪ Net Debt/ EBITDA (<=3.5) 1.80 2.00 ▪ Debt Service Coverage Ratio (DSCR) (>=1.5) 1.73 1.60 (*) Efficiency Ratios ▪ Gross Profit Mar
Slide 12: Business Performance by Sectors
BUSSINESS PERFORMANCE 3 BY SECTORS
Slide 13: Business Performance – Electrical Equipment
BUSINESS PERFORMANCE – ELECTRICAL EQUIPMENT ▪ NR of EE sector in Q1 reached 3,605 bn VND, increased by 12.2% YoY. VND bn NR and GP of EE sector by quarter Some company units with positive business results, surpassing the NR 6,000 12.9% 14.0% and PBT targets in Q1, were CADIVI and CFT. 11.1% 12.0% 5,
Slide 14: Business Performance – Construction Materials
BUSINESS PERFORMANCE – CONSTRUCTION MATERIALS ▪ NR of CM sector in Q1 reached 1,416 bn VND, decreased by 7.9% YoY. VND Bn NR and GP of CM sector by quarter 2,500 15.0% 16.0% ▪ GP margin in Q1 decrease to 6.9% due to (i) low demand and decreased 12.9% 12.5% 14.0% 2,000 selling prices, (ii) increased
Slide 15: Business Performance – IP&RE
BUSINESS PERFORMANCE – IP&RE Bn VND NR and GP of IP&RE sector by quarter 2,000 ▪ NR of IP&RE sector in Q1-2024 reached 1,240 bn VND, increasing by 0.5% 1,779 1,800 YoY and showing a significant increase compared to the 2 previous 1,600 1,400 1,233 1,240 quarters.. 1,200 952 1,000 746 726 800 620 ▪ G
Slide 16: Business Performance – Utilities
BUSINESS PERFORMANCE – UTILITIES Bn VND NR, GP of Utilites Sector by quarter Energy output by quarter 500 50.0% (mn KWh) 400 40.0% 200 300 30.0% 150 200 20.0% 100 100 10.0% 50 0 0.0% Q1-2023 Q2-2023 Q3-2023 Q4-2023 Q1-2024 - NR GP GP Margin (RHS) Q1-2023 Q2-2023 Q3-2023 Q4-2023 Q1-2024 ▪ NR of Utili
Slide 17: Highlight Activities
4 HIGHLIGHT ACTIVITIES TANG) DU KN PH TKO, rt } ) Tima 4 \
Slide 18: Highlight Activities in Q1-2024
HIGHLIGHT ACTIVITIES IN Q1-2024 GELEX and several Subsidiaries successfully organized The VIGLACERA received approval to invest in 2 new Industrial 2024 Annual General Meeting of Shareholders Park projects in Q1-2024 On 28 March, 2024, the 2024 AGM of GELEX Group held in The investment project for t
Slide 19: 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 of