Vingroup Joint Stock Company · HOSE:VIC

Vingroup Joint Stock — Q3 2023 Earnings Presentation

26 slides from Vingroup Joint Stock's earnings presentation, Oct 24, 2023

  1. Slide 1: Vingroup's 3Q2023 Earnings Presentation

    Vingroup’s 3Q2023 Earnings Presentation 24 October 2023

  2. Slide 2: Important Notice

    3Q2023 EARNINGS PRESENTATION Important Notice 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 Vingroup Joint Stock Company (the

  3. Slide 3: Table of Contents

    3Q2023 EARNINGS PRESENTATION 3 Table of Contents 1 Macroeconomic Update 2 Operational Update 3 Financial Summary

  4. Slide 4: Key highlights of 3Q2023

    Macro economic Flexible monetary policies expected to drive recovery Industrials - Technology New product launch and continued international market penetration (2) Real Estate Development & Services Sustained recovery across businesses e Financial Performance ‘Lioluding VF 034 YF 5, YE 6, ¥F9,-seoot

  5. Slide 5: 1. Macroeconomic Update

    3Q2023 EARNINGS PRESENTATION 5 1. Macroeconomic Update

  6. Slide 6: Vietnam's Accelerating Economic Growth and Flexible Monetary Policies Expected to Sustain Recovery

    3Q2023 EARNINGS PRESENTATION In the Midst of Global Headwinds, Vietnam’s Accelerating Economic Growth And Flexible Monetary Policies Are Expected to Sustain Recovery Vietnam’s economy growth accelerated in 3Q2023, driving FY2023 GDP. growth to perform relatively better than SEA peers Vietnam 2023 FY

  7. Slide 7: 2. Operational Update

  8. Slide 8: VinFast operational data

    Notes: Operational data is as of September 30, 2023 1. Includes VF e34, VF 5, VF 8, VF 9 and e-buses 2. Represents VinFast-owned charging points in Vietnam and partnered charging network operators’ in North America and Europe 2. Represents VinFast’s and dealers’ showrooms

  9. Slide 9: VinFast Nasdaq listing and share performance

    • • • Source: 1. Nasdaq.com 2. as of 30 September 2023

  10. Slide 10: Nimble Global Expansion Strategy

    3Q2023 EARNINGS PRESENTATION 10 Nimble Global Expansion Strategy 126 showrooms globally Broadened distribution network globally via own showroom network and dealership Expandet the US 33% Vietnam: 91 oes Ko% "AS of Sep 30, received showrooms, International | Applications/LOls from markets: 35 showro

  11. Slide 11: VF available to order in Vietnam

    3Q2023 EARNINGS PRESENTATION 1 VF 6 - Available to order in Vietnam starting 20 of October $28,000 248 miles. Starting MSRP") 399 km ay 24min 201hp | Se 310 Nm >

  12. Slide 12: Real Estate Development and Services

    3Q2023 EARNINGS PRESENTATION Real Estate Development and Services Residential Retail Hospitality and Entertainment ce . , - syye Vincom Retail’s leasing revenue Re ights sold in 3Q2023 VND 32.8 trillion Vinhomes' total adjusted = VND 2.0 trillion — in3@2023 481,000 Roo aghts sold ina: revenue! in 3Q

  13. Slide 13: Residential: Unrivalled in Creating the Most Livable Townships and Communities

    3Q2023 EARNINGS PRESENTATION Residential: Unrivalled in Creating the Most Livable Townships and Communities Adjusted revenue! VND trillion 9M2023 vs. 9M2022: +118% 108.4 7 94.6 81.4 69.5 49.7 2019 2020-2021 :+«=— 2022: 9M2022 9M2023 Key operational highlights in 3Q2023 k-fown a homage to the republi

  14. Slide 14: Center Traffic and Customer Demand

    Center Traffic and Customer Demand

  15. Slide 15: Retail: Diversified Tenant Mix, Coupled With Long-Term Contract Structure

    3Q2023 EARNINGS PRESENTATION 5 Retail: Diversified Tenant Mix, Coupled With Long-Term Contract Structure Continued Ensuring Stable Revenue Growth for VRE Vincom Retail remains the preferred partner for international and domestic Leasing revenue! Leasing NOM? anchor, chain tenants VND billion VND bil

  16. Slide 16: 1000 2000 • 1500 1000

    1000 2000 • 800 1500 600 1000 400 200 500 0 0

  17. Slide 17: Hospitality: Customer-mix Optimization Driving Higher Effective Room Rates

    3Q2023 EARNINGS PRESENTATION Hospitality: Customer-mix Optimization Driving Higher Effective Room Rates 9M 2023 average room night rate +0.20% vor Better trademix: * Higher contribution from online and direct to customers sales * International customers in new markets 9M2023 revenue 96% Number of gu

  18. Slide 18: Other Business Updates

    3Q2023 EARNINGS PRESENTATION Other Business Updates Vinschool opended two new campuses and reaffirmed its leading position in private education and teaching quality Vinmec launched Vinmec Phu Quoc Clinic providing high quality health care services for locals and tourists - vane No. of campuses 43 45

  19. Slide 19: 3. Financial Summary

  20. Slide 20: 33,892 99,058 43,777 84,888 46,661 84,156 34,474 53,544 44,687 105,935

    33,892 99,058 43,777 84,888 46,661 84,156 34,474 53,544 44,687 105,935

  21. Slide 21: Segment Revenue Performance

    3Q2023 EARNINGS PRESENTATION a Segment Revenue Performance Property Sales! VND billion Leasing VND billion Hospitality & Entertainment Services? VND billion 9M2023 vs. 9M2022: 2.0x 9M2023 vs. 9M2022: +22.0% 9M2023 vs. 9M2022: +21.3% 7,669 9,058 105,988 6,662 6730 5,909 6,002 84,888 84,156 5,368 5,51

  22. Slide 22: 7,000 5,000 3,000 1,000 (1,000) (3,000) (5,000) 300 100 (100) (300)

    7,000 5,000 3,000 1,000 (1,000) (3,000) (5,000) 900 700 500 300 100 (100) (300)

  23. Slide 23: Balance Sheet Highlights

    3Q2023 EARNINGS PRESENTATION 23 Balance Sheet Highlights (1) Debt! 2.5/ EBITDA‘ Total Assets & Total Equity VND billion Breakdown of Total Assets % 8.1% 7.9% 9.6% 10.7% 37x 3.2x 3.3x 2x 625,387 3.0x 3.0x 877,407 VND 625 trillion 2.5x ox 24x 3x 423,341 428,384 401,186 159,572 ™ Property sale neaaa fp

  24. Slide 24: ,000 ,000 ,000 ,000 ,000 ,000 ,000 ,000 –

    ,000 ,000 ,000 ,000 ,000 ,000 ,000 ,000 –

  25. Slide 25: Leverage, Coverage and Other Ratios

    3Q2023 EARNINGS PRESENTATION Leverage, Coverage and Other Ratios LTM2023 as at Sep 2023 LTM2023 as at Jun 2023 Change Leverage ratios Net debt!?/ EBITDA? 3.2x 3.x O.1x Net debt!?/ (Total assets - cash & ST investments’) 27.1% 26.7% 45 Bps Coverage ratios Recurring revenue / Interest expense® 3.8x 42

  26. Slide 26: Company Information

    3Q2023 EARNINGS PRESENTATION Company Information Vingroup Joint Stock Company (“Vingroup”), Vinhomes Joint Stock Company (“Vinhomes”), and Vincom Retail Joint Stock Company ‘s combined market capitalization: USD 18 billion as at 30 September 2023. Vingroup today bases its strategy on the principles

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