Vietjet Aviation Joint Stock Company · HOSE:VJC
Vietjet Aviation Joint Stock — FY2024 Earnings Presentation
33 slides from Vietjet Aviation Joint Stock's earnings presentation, Jun 17, 2025
Slide 1: 2024 Audited Business Results
2024 AUDITED BUSINESS RESULTS 1
Slide 2: Disclaimer
DISCLAIMER IMPORTANT: You must read the following before continuing, In accessing the attached summary information presentation (this “presentation”), you agree to be bound by the following terms and conditions. This presentation contains confidential information, You should not reproduce or distrib
Slide 3: Contents
I. Company Introduction Contents II. Industry Overview III. Key Highlights IV. ESG Initiatives V. Events - Awards 3
Slide 4: Vietjet's Overview
VIETJET’S OVERVIEW • Vietnam gains geopolitical spotlight as investment hotspot and economic hub, attracting high-profile visits from global leaders including US, China, UK, Germany, Australia, India and Indonesia. • Government's strategic aviation infrastructure expansion through 2030, including ma
Slide 5: Vision and Mission
VISION AND MISSION MISSION VISION To become a To nation-wide develop multinational airline and expand the aviation with the largest market services, and to focus share in Vietnam, with on the customer integration of a satisfaction with consumer-oriented outstanding quality, advanced digital elegance
Slide 6: Development Milestones
DEVELOPMENT MILESTONES VietJet pioneers in developing LCC in Vietnam Fleet DEVELOPMENT MILESTONES 2024 (as of 31/12/2024) ◼ Signed a contract with Airbus to purchase 20 new generation wide-body A330neo aircraft at Farnborough Airshow 2024 94 ◼ Signed a contract with Rolls Royceto supply engines and
Slide 7: Board of Management
BOARD OF MANAGEMENT • Mdm. Thao Nguyen is one of the founders of VietJet, • Dr. Phuong Dinh has more than 25 years of Chairwoman of VietJet since 2023, before that Ms. Thao was leadership experience and holds important the Vice Chairwoman, CEO since 2007. positions in many companies in the • She is
Slide 8: Key Partners
KEY PARTNERS Long-lasting relationship with valued partners lessors ensures VietJet can get many favorable privileges and supports that no other airlines in Vietnam can have Aircraft Manufacturer Engine partners Maintenance Partners Interline Partners Leasing Partners Fuel Suppliers 8
Slide 9: Shareholder's Structure
SHAREHOLDER’S STRUCTURE VietJet is fully trusted by well-known and experienced shareholders around the world Top International Shareholders International Government of Singapore (GIC) Shareholders Monetary Authority of Singapore 13% Hong Kong Investment Consulting Ltd. Lumen Vietnam Fund Goldman Sac
Slide 10: Contents
I. Company Introduction Contents II. Industry Overview III. Key Highlights IV. ESG Initiatives V. Events - Awards 10
Slide 11: Vietnam Macroeconomics
VIETNAM MACROECONOMICS Solid economic growth trend and favorable demographic structure provide strong tailwinds for Vietnam’s LCC market to soar Strong GDP growth and stable inflation GDP per capital increases drastically 4.0 4.5 3.5 3.5 3.2 3.2 3.3 4,700 4,900 2.8 1.8 3,820 3,410 3,660 514 3,090 3,
Slide 12: Vietnam Aviation Industry
VIETNAM AVIATION INDUSTRY Best positioned to benefit from attractive macro story and strong government incentives for Vietnam’s Aviation sector Commentary on Vietnam aviation sector ◼ Vietnam is one of the fastest growing aviation sectors globally ◼ Over the last few years, Vietnam experienced stron
Slide 13: Vietnam Aviation Industry
VIETNAM AVIATION INDUSTRY Best positioned to benefit from attractive macro story and strong government incentives for Vietnam’s Aviation sector Huge potential development Key projects opportunities for airport infrastructure • 2nd largest airport in Vietnam and a gateway to the North Sa Pa Airport (
Slide 14: Contents
I. Company Introduction Contents II. Industry Overview III. Key Highlights IV. ESG Initiatives V. Events - Awards 14
Slide 15: Operating Statistics
OPERATING STATISTICS A Leading LCC with a strong operational capability 1st largest fleet in Vietnam with 112 aircraft #1 LCC with 44% domestic and 56% international market share 56% 112 Domestic International 18 86 44% 42% 41% 94 6 8% 8 6% 1% 1% Other airlines Other airlines # of flights up by 3% y
Slide 16: Extensive Network in Vietnam and International Routes
VIETJET HAS ONE OF THE MOST EXTENSIVE NETWORKS IN VIETNAM AND IS WELL- POSITIONED FOR INTERNATIONAL ROUTES 145 routes in total: 44 domestic routes 101 international routes 16
Slide 17: Fleet Expansion
FLEET EXPANSION Young and modern fleet with significant commercial and financial potential being secured by a large aircraft orderbook 94 aircraft, including 8 owned and finance lease Model # a/c Seat config Avg. age 95% fleet operated A321NEO 34 230 - 240 6.2 Aircraft utilization c.13.5 hrs (2024)
Slide 18: Products and Services
PRODUCTS AND SERVICES Leveraging complete digital platforms to provide full suite of air services and deliver exceptional experience for VietJet’s passengers Advanced and automated payment platforms SkyJoy – Loyalty Program ▪ Earn SkyPoints on flights, shopping & more. ▪ Partnership with HDBank, Vik
Slide 19: Growth Prospects
GROWTH PROSPECTS VietJet is among the fastest-growing airlines in APAC 28.3 25.3 25.8 23.7 21.3 20.6 16.7 13.2 12.1 3,257 5.4 2,807 1,890 1,458 1,292 1,087 878 614 532 289 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025E 19
Slide 20: Cost, Cost & Cost
COST, COST & COST A strong focus on cost 20
Slide 21: Excellent Financial Performance
EXCELLENT FINANCIAL PERFORMANCE Strong revenue surge contributed by the significant increase in international sector and ancillary streams Consolidated revenue surge achieved CAGR (2019-2024) of 7.3% Ancillary revenue made up 41% of transportation revenue (USD million) (USD million) 2,820 947 829 2,
Slide 22: Excellent Financial Performance
EXCELLENT FINANCIAL PERFORMANCE Resilient balance sheet to support strategy towards building diversified aircraft asset portfolio Stable asset base scale up with additional aircraft asset Sustainable and steady equity growth (USD million) (USD million) 3,887 660 670 3,402 586 583 597 2,663 2,022 1,7
Slide 23: Vietjet Air Academy
NGUỒN NHÂN LỰC DỒI DÀO ĐÁP ỨNG NHU CẦU PHÁT TRIỂN VIETJET AIR ACADEMY ABUNDANT AVIATION SUPPLY FORCE TO MEET THE GROWTH DEMAND Modern and professional facility to create abundant supply to meet growing in aviation demand VietJet Air Academy (VJAA) was constructed in 2018 in district 9 of Ho Chi Minh
Slide 24: Vietjet Air Academy
VIETJET AIR ACADEMY Modern and professional facility to create abundant supply to meet growing in aviation demand Third SIM cabin, a state-of-the-art cockpit Others simulator for A320/A321 aircraft, was installed 8% Flight Crew 17% VJAA become one of the Ground largest aviation training units 21% in
Slide 25: Contents
I. Company Introduction Contents II. Industry Overview III. Key Highlights IV. ESG Initiatives V. Events - Awards 25
Slide 26: Sustainable Development
SUSTAINABLE DEVELOPMENT Commitment to ESG Targets and Net Zero by 2050 Modern and young fleet Owning one of the youngest and modern fleet 85 aircraft with average age of 7.7 years, operating with economical and flexible costs Issuance of Environmental Protection Policy and Commitment Developing Mana
Slide 27: Sustainable Development
SUSTAINABLE DEVELOPMENT Commitment to ESG Targets and Net Zero by 2050 VietJet signed contract with Safran • The SFCO2 includes: optimizing engine power, providing accurate information on passengers’ weights on board and the amount of backup fuel,… • It helps reduce fuel consumption and CO2 emission
Slide 28: Contents
I. Company Introduction Contents II. Industry Overview III. Key Highlights IV. ESG Initiatives V. Events - Awards 28
Slide 29: Hello America!
XIN CHÀO NƯỚC MỸ Hello AMERICA! 29
Slide 30: Outstanding Events in 2024
OUTSTANDING EVENTS IN 2024 VietJet has achieved remarkable milestones in reaching momentous agreements with key partners, opening new routes to international destinations Madam Nguyen Thi Phuong Thao US President Donald Trump and the world's richest billionaire Elon Musk and US President Donald Trum
Slide 31: Outstanding Events in 2024
OUTSTANDING EVENTS IN 2024 VietJet has achieved remarkable milestones in reaching momentous agreements with key partners, opening new routes to international destinations Airbus and Vietjet handed over Vietjet and CFM International Vietjet and Honeywell signed Vietjet welcomed 200 millionth new airc
Slide 32: Awards
AWARDS Strong brand recognition in Vietnam and in the region providing sustainable competitive advantage Best Low-cost Airline in Southeast Asia Best Finance Management – Aviation – Vietnam 2024 Best Ultra Low-Cost Airline World's Safest Low-Cost Airlines 2024 Best Low-Cost Airline Onboard Hospitali
Slide 33: Thank You
T L ANK ¥ J J e e oe eG ———— Gm —
Vietjet Aviation Joint Stock Company — FY2024 Earnings Presentation on 6ix