Slide 1: 1Q2025 Earnings Report
VINFAST 1Q2025 Earnings Report 9 June 2025
Slide 2: Q1'25: Maintained #1 Position in Vietnam and Scaling Ecosystem Expansion
1Q2025 EARNINGS REPORT Q1’25: Maintained #1 Position in Vietnam and Scaling Ecosystem Expansion Across Southeast Asia and India TOTAL EV DELIVERED RECORDED >36K Q1’25 deliveries alone have already exceeded our total for the first half of last year STRONG GROWTH IN TWO-WHEELER 44 K Delivered 44,904 e
Slide 3: Table of Content
1Q2025 EARNINGS REPORT Table of Content Business Highlights Financial Summary Outlook Appendix Financial Statements
Slide 4: Business Highlights
1@2025 EARNINGS REPORT Business Highlights Q1’25 DELIVERIES 36,330 Electric vehicles! 44,904 E-scooters DELIVERIES TO RPTs 21% 3% Of total EVs delivered in QV25 Of total e-scooters delivered in Q1’25 OPERATIONS >1 million — Charging points? 388 Showrooms?
Slide 5: Appendix
Slide 6: Financial Summary
1@2025 EARNINGS REPORT 6 Financial Summary $mn, except per share data 2025 Q1 2024 Q4 2024 Q1 QoQ YoY Commentary + Revenue: The y/y increase was driven by higher EV Total Revenue 687 664 268 (1%) 160% volumes from the domestic market and contribution from new overseas markets. The q/q decrease was G
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Slide 8: 2025: Three Pillar Growth Strategy - Target to at Least Double Volumes
1Q2025 EARNINGS CALL 2025: Three Pillar Growth Strategy - Target to at Least Double Volumes PRODUCTS Affordable models to drive mass adoption VF3 (Mini e-SUV) Affordability; Customizations an VF 5 (A e-SUV) eg Entry-Level SUV Expand into new MPV segment and further penetrating the transportation mar
Slide 9: Drivers of Path to Profitability
Drivers of Path to Profitability . Increase delivery volumes . Expand distribution reach . New EV use cases . Reduce BOM . Streamline . Reduce number of operations components . Optimize distribution . Introduce even more network cost efficient EV platforms . Optimize supplier relationship ‘Source: C
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Slide 11: Financial Performance
1Q2025 EARNINGS REPORT Financial Performance Revenue USDmn 1772 664 657 : L L 2024 1924 4Q24 1925 Reported Gross profit/ (loss) and gross margin UsDmn Reported GPM (57.4%) (58.7%) (79.1%) (35.2%) (154) (231) (626) (1,018) 2024 1Q24 4Q24 1Q25 ‘Souroe: Company information. VinFast1Q2025 unauclted fina
Slide 12: Financial Performance
1Q2025 EARNINGS REPORT Financial Performance SG&A Expenses! R&D Expenses Capital Expenditures USDmn USDmn USDmn 672 680 404 246 268 193 147 123 181 108 LJ L Oo | | . 2024 1Q24 4Q24 1Q25 2024 1Q24 4Q24 1Q25 2024 1Q24 4Q24 1Q25 ‘Souree: Company information. VnFast1Q2025 unauclted financial statements.
Slide 13: 1Q24 4Q24 1Q25
(500) 173) 625 (49) 41 (263) 391 169 (607) (194) 725 (76) 1Q24 4Q24 1Q25
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Slide 15: Condensed Consolidated Statement of Operations
1Q2025 EARNINGS REPORT Condensed Consolidated Statement of Operations $mn, except per share data Revenue cogs Gross profit/ (loss) % Gross margin SG&A expense R&D expense Net other operating income/(expenses) Operating loss Finance income Finance costs Net (loss)/gain on financial instruments Loss b
Slide 16: Condensed Consolidated Balance Sheet
1Q2025 EARNINGS 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
Slide 17: Condensed Consolidated Statement of Cash Flows
1Q2025 EARNINGS REPORT Condensed Consolidated Statement of Cash Flows $mn 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, cash equivalents and r
Slide 18: Reconciliation of GAAP to Non-GAAP Financial Measures
1Q2025 EARNINGS REPORT Reconciliation of GAAP to Non-GAAP Financial Measures $mn, except per share data 2025 QI Net loss attributable to controlling interest (GAAP) (72) Finance costs (203) Tax income/ (expense) 0 Depreciation and amortization (n2) EBITDA (non-GAAP) (396) Net cash used in operating
Slide 19: Disclaimer
1@2025 EARNINGS REPORT ” Disclaimer Non GA&Pand Other Financialand Operating Metrics This presentation includes certain financial measures not preparedin accordance with generaly accepted accounting pinciplesin the US.(*US. GAAP") including EBITDAand free cashflow (together, the “Non-GAAP Measures"
Slide 20: Investor Relations Department
1Q2025 EARNINGS REPORT Investor Relations Department VinFast Auto Ltd. 61 Robinson Road, #06-01, Singapore 068893 Website: https://ir.vinfastauto.us E-mail: ir@vinfastauto.com