Vinfast Auto Ltd. · NASDAQ:VFS
Vinfast Auto — Q2 2024 Earnings Presentation
19 slides from Vinfast Auto's earnings presentation, Sep 20, 2024
Slide 1: 2Q2024 Earnings Report
Slide 2: Table of Contents
2Q2024 EARNINGS REPORT Table of Contents Recent Business Highlights Operational Summary Outlook Financial Summary Appendix Financial Statements 0'e'6'8 6 6
Slide 3: Recent Business Highlights
2Q2024 EARNI REPORT Recent Business Highlights Delivery . VF 3launch + Market . expansion progress . ‘Source: Company information. Vast 292024 unaudited financial statements Notes: USD/VND assumed to be 24260, Delivery results areas of June 90°, 2024 Number of showrooms and number of charge points g
Slide 4: The VF 3 Launch - Making EV Accessible For Everyone
2Q2024 EARNINGS REPORT 4 The VF 3 Launch - A Testament To VinFast Commitment To Making EV Accessible For Everyone. ~$9,900_ Starting MSRP 215km / NEDC range 36 minutes Fastest charging time (battery exclusive) 133mi from 10% to 70% 16-inch Wheels, Ample space ~28,000 Non-refundable 9 choices of colo
Slide 5: Operational Summary
2Q2024 EARNINGS REPORT Operational Summary + Vietnam and the VF § were the key contributors for markets and models mix respectively during the quarter + EV delivery to RPT customers! accounted for 51% of total delivery, as compared to 57% in QI.24 and 72% in FY23 2024Q2 2024QI alq 1H. 2024 1H2023—y/
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Slide 7: Outlook - New Products & Markets Launch, Growing Distribution Network
2Q2024 EARNINGS REPORT 7 Outlook - New Products & Markets Launch, Growing Distribution Network for Global Expansion We aim to... Launch new products to both existing and new markets Delivery target + Southeast Asia: Launching 7 e-SUV models in Vietnam; RHD 80K variants of VF 5 and VF €34 in Indonesi
Slide 8: Financial Summary
2Q2024 EARNINGS REPORT Financial Summary $mn, except per share data 2024 Q2 Total Revenue 357 Gross Profit/(Loss) (224) Gross Margin (%) (63%) Operating Expenses! (328) EBITDA? (480) Net loss (773) EPs? (0.3) sotwities Porat (324) Capital expenditures (108) Free cash flow (432) $mn, except per share
Slide 9: Appendix
Slide 10: Financial Performance
2Q2024 EARNINGS REPORT 10 Financial Performance Reported Gross profit/ (loss) and gross Revenue margin EBITDA (non-GAAP)! USDmn USDmn USDmn Reported GPM (49%) (172%) (43%) (89%) (63%) : Ul fF (356) (350) [J (421) (139) (139) (158) (480) (224) 308 357 269 : i i _ |_| (565) 2023 = 1Q23.—-2Q23.—«1Q24.
Slide 11: Financial Performance
2Q2024 EARNINGS REPORT Financial Performance SG&A Expenses! R&D Expenses Capital expenditures Net profit (loss) USDmn USDmn USDmn USDmn 1,019 (554) (608) l 635 (591) (773) 465 347 214 256 ne 6 158 “3 to 197 103 107 anal lan is” 2023 1Q23 2Q23 1Q24 2Q24 2023 = 1Q23 2Q23_ 1Q24 2Q24 2023 1Q23 2Q23_ 1Q2
Slide 12: Financial Performance
2Q2024 EARNINGS REPORT 12 Financial Performance Cash & cash equivalents Short and long-term debt? Net increase / (decrease) in cash USDmn USDmn USDmn Cash reserve! ~2,000 mm Short-term Debt sm Long-term Debt mCFO mmCFl omCFF psy 3,031 (49) 4 122 << 2 2,939 ii 2,565 °° bees A os 598 (88) - 30 Jun 202
Slide 13: Financial Statements
2Q2024 EARNINGS REPORT Financial Statements ee
Slide 14: Condensed Consolidated Statement of Operations
2@2024 EARNIN $ REPOR 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 expenses Operating loss Finance income Finance costs Net (loss)/gain on financial instruments Loss before inco
Slide 15: Condensed Consolidated Balance Sheet
2Q2024 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 16: Condensed Consolidated Statement of Cash Flows
2Q2024 EARNINGS 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 increase (decrease) in cash, cash equivalents and restricted cash Begi
Slide 17: Reconciliation of GAAP to Non-GAAP Financial Measures
REPORT Reconciliation of GAAP to Non-GAAP Financial Measures $mn, except per share data 2024 Q2 Net loss attributable to controlling interest (GAAP) (773) Interest expense (186) Tax income/ (expense) (3) Depreciation and amortization (103) EBITDA (non-GAAP) (480) Net cash used in operating activitie
Slide 18: VinFast Auto Ltd. Contact
VinFast Auto Ltd. 61 Robinson Road, #06-01, Singapore 6 Z Website: https://ir.vinfastauto.us E-mail: ir@vinfastauto.com
Slide 19: Disclaimer
2Q2024 EARNINGS REPORT Disclaimer Non-GAAP and Other Financial and Operating Metrics This presentation includes certain financial measures not prepared in accordance with generally accepted accounting principles in the US. (*U.S. GAAP"), including EBITDA and free cash flow (together, the “Non-GAAP M