Vingroup Joint Stock Company · HOSE:VIC

Vingroup Joint Stock — Investor Presentation (November 2025)

45 slides from Vingroup Joint Stock's investor presentation, November 2025

  1. Slide 1: Vingroup Corporate Presentation

    Vingroup Corporate Presentation November 2025

  2. Slide 2: Important Notice

    CORPORATE 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 “Comp

  3. Slide 3: Table of Contents

    CORPORATE PRESENTATION Table of Contents About Vingroup Key Competitive Advantages Macroeconomic Update Financial Highlights 2025 Outlook VinFast Electric Vehicle ~ VF 7

  4. Slide 4: 1. About Vingroup

  5. Slide 5: • • • • • 17% 6% 5% 1% 8% • • • •

    • • • • • 17% 6% 5% 1% 8% • • • • • • 53% • • • • •

  6. Slide 6: Sovereign Wealth Funds, Strategic Partners & Joint Ventures, Private Equity

    • • • • • • • Sovereign Wealth Funds Strategic Partners & Joint Ventures Private Equity Other Investors / Capital

  7. Slide 7: Corporate Structure

    CORPORATE PRESENTATION Corporate Structure VinsrouP Industrials - Technology! Real Estate Development Infrastructure Green Energy Culture Social Enterprises and Services 61.4% - 50.7% | Green Mobility 73.5% | ¢ Real Estate oss Railway Vad = Green 10% We ururee Gut!) | 10055 ue vVintiones a ulture Ar

  8. Slide 8: ● ● ● ● ● ● ● ● ● ● ● ● ● ●

    ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●

  9. Slide 9: Vingroup and The Founders' Efforts “For a Better Life of People”

    CORPORATE PRESENTATION Vingroup and The Founders' Efforts “For a Better Life of People” v VINSCHOOL VINUNIVERSITY An incubator of talent and largest private K-12 education system in Vietnam! Auniversity of excellence - Developing talents for the future 56 ~49,000 ~4600 The Youngest c.2,030 O04 Campu

  10. Slide 10: Vingroup and The Founders' Efforts “For a Better Life of People” (cont'd)

    CORPORATE PRESENTATION Vingroup and The Founders’ Efforts “For a Better Life of People” (cont'd) Vinmec - Centers Of Excellence With Specialized Infrastructure And High-quality Offerings 13+ 2,314 9 7 2 c.4.3 million % Years of Total bed General hospitals! Clinics! Research centers! Number of outpat

  11. Slide 11: Vingroup and The Founders' Efforts “For a Better Life of People” (cont'd)

    CORPORATE PRESENTATION Vingroup and The Founders' Efforts “For a Better Life of People” (cont’d) _f viNBUS ‘A modern, smart electric bus fleet equipped with essential technologies, safety features available for the first time in Vietnam, VinBus has presence in five cities with 336 buses’ and operati

  12. Slide 12: 2. Key Competitive Advantages

    CORPORATE PRESENTATION 2. Key Co Favorable Macro-Economics in Vietnam and Across All Consumer Industries Unparalleled Execution Capabilities in New Business Sectors Dominant Integrated Real Estate Developer, Owner and Operator Largest Ecosystem in Vietnam with Market Leadership Across Multiple Busin

  13. Slide 13: 2.1 Favorable Macro Economics in Vietnam and Across All Consumer Industries

    CORPORATE PRESENTATION 2.1 Favorable Macro Economics in Vietnam and Across All Consumer Industries

  14. Slide 14: Private Sector as the New Driver to the Economy

    2.1 FAVORABLE MACRO-ECONOMICS IN VIETNAM AND ACROSS ALL CONSUMER INDUSTRIES 4 Private Sector as the New Driver to the Economy Dynamic private sector for fostering innovation and sustaining Vietnam's long-term economic momentum. Strong public investment for industrial growth and national competitiven

  15. Slide 15: Strong Macro Tailwinds

    2.1 FAVORABLE MACRO-ECONOMICS IN VIETNAM AND ACROSS ALL CONSUMER INDUSTRIES Strong Macro Tailwinds Fastest Growing Economy Fastest Growing Middle-Income One of the Fastest Growing Private in Southeast Asia Segment in SEA Consumption in Southeast Asia Average projected Real GDP Middle income populati

  16. Slide 16: Consumer Spending to Grow Across Vingroup's Key Consumer Segments

    2.1 FAVORABLE MACRO-ECONOMICS IN VIETNAM AND ACROSS ALL CONSUMER INDUSTRIES %6 Consumer Spending to Grow Across Vingroup’s Key Consumer Segments Healthcare - Increasing Household Education - Increasing Household Tourism - International Tourist Arrivals and Healthcare Expenditure from Aging Education

  17. Slide 17: 2.2 Unparalleled Execution Capabilities in New Business Sectors

    2.2 Unparalleled Execution Capabilities in New Business Sectors

  18. Slide 18: Outstanding Speed, Continuous Innovation and Always Target Exceptional Quality

    2.2 UNPARALLELED EXECUTION CAPABILITIES IN NEW BUSINESS SECTORS 18 Outstanding Speed, Continuous Innovation and Always Target Exceptional Quality ELECTRICFICATION ) ((_PURE-PLAY EV AND GLOBAL EXPANSION __) C FOUNDATION ) C ® ® 300HA INTEGRATED MANUFACTURING COMPLEX completed within 21 Months! TIMELI

  19. Slide 19: State-Of-The-Art Factory in Vietnam Sets the Basis for Manufacturing Excellence

    2.2 UNPARALLELED EXECUTION CAPABILITIES IN NEW BUSINESS SECTORS State-Of-The-Art Factory in Vietnam Sets the Basis for Manufacturing Excellence Hai Phong Factory Key shops pune June 2018 + Press + Body Size 348 ha + Paint fe) Current i oO oaettyy 300K units ann + Electronic device + + Assembly Local

  20. Slide 20: Highly Automated Manufacturing Design Provides an Architecture for Scaling

    2.2 UNPARALLELED EXECUTION CAPABILITIES IN NEW BUSINESS SECTORS Highly Automated Manufacturing Design Provides an Architecture for Scaling VinFast looks to replicate the success story of the Vietnam plant to build our production capabilities internationally Ha Tinh Factory spuneh June 2025 date Size

  21. Slide 21: Vertically-Integrated and Locally Sourced Manufacturing as a Key Distinction

    2.2 UNPARALLELED EXECUTION CAPABILITIES IN NEW BUSINESS SECTORS Vertically-Integrated and Locally Sourced Manufacturing as a Key Distinction Allowing VinFast to effectively mitigate risks of production disruptions through a great control of the supply chain Fully Integrated Cell and Pack with In-Hou

  22. Slide 22: Combining the Best of In-house and External Partners' Technologies

    2.2 UNPARALLELED EXECUTION CAPABILITIES IN NEW BUSINESS SECTORS Combining the Best of In-house and External Partners’ Technologies 22 Development Capabilities Strengthened by Shared Expertise of Vingroup and Global Partners ® In-house R&D professionals at VinFast and software engineers across the re

  23. Slide 23: 2.3 Dominant Integrated Real Estate Developer, Owner, and Operator

    2.3 Dominant Integrated Real Estate Developer, Owner, and Operator THE 1,200-HA “OCEAN DISTRICT” OF HANOI'S EASTERN RESIDENTIAE MARKET

  24. Slide 24: Vinhomes - Premium Integrated Offerings of Apartments, Villas and Shophouses

    2.3 DOMINANT INTEGRATED REAL ESTATE DEVELOPERS, OWNER, AND OPERATOR 24 Vinhomes - Premium Integrated Offerings of Apartments, Villas and Shophouses delivering Market-Leading Products with Green Design and Infrastructure SOM cs USDie7.0 billion seae“= Paracel Islands C.517,000 troveenesacrossvietnane

  25. Slide 25: Vinpearl - The Leading Integrated Hospitality Platform

    2.3 DOMINANT INTEGRATED REAL ESTATE DEVELOPERS, OWNER, AND OPERATOR 26 Vinpearl - The Leading Integrated Hospitality Platform with Premium Resorts & Hotels 4 4 wes e VINPEARL Gvnswantiss Vinpear|Golf ee eo » c.16,400 Rooms 12 Parks 6 Courses . , 32 HOTELS! i] RR PINUS ERO AST AE MEADE ee roles %, In

  26. Slide 26: Vincom Retail - Dominant Retail Mall Player

    2.3 DOMINANT INTEGRATED REAL ESTATE DEVELOPERS, OWNER, AND OPERATOR 26 Vincom Retail - Dominant Retail Mall Player with Best-In-Class Locations Nationwide All-in-one Multi - Format Retail Malls oo VINCOM CENTER (12% of total GFA) VINCOM MEGA MALL (35% of total GFA) out of 31/34 CITIES, PROVINCES 89

  27. Slide 27: 2.4 Largest Ecosystem in Vietnam with Market Leadership

    CORPORATE PRESENTATION 2. 4 Largest Ecosystem in Vietnam with Market secleiisialle)) Across Multiple Businesses Fe

  28. Slide 28: Largest Ecosystem in Vietnam With Market Leadership Across Multiple Businesses

    2.4 LARGEST ECOSYSTEM IN VIETNAM WITH MARKET LEADERSHIP ACROSS MULTIPLE BUSINESSES 28 TIAM Largest Ecosystem in Vietnam Book hotel/ Entertainment services With Market Leadership Across Multiple Businesses + The only company in Vietnam with extensive presence across the consumer ecosystem = 1PM 9AM H

  29. Slide 29: Leveraging Data Analytics for Deep Behavioral Understanding

    2.4 LARGEST ECOSYSTEM IN VIETNAM WITH MARKET LEADERSHIP ACROSS MULTIPLE BUSINESSES 29 Leveraging Data Analytics for Deep Behavioral Understanding and Continual Improvement of Platform Offerings Technology Companies Data Analytics CONSUMER DATA CONSUMER PREFERENCES Personalized Services & Products °

  30. Slide 30: 2.5 Prudent Financial Policies And Strong Financial Position

    2.5 Prudent Financial Policies And Strong Financial Position

  31. Slide 31: Prudent Financial Policies and Strong Financial Position

    2.8 PRUDENT FINANCIAL POLICIES AND STRONG FINANCIAL POSITION a Prudent Financial Policies and Strong Financial Position Liquidity * Minimum cash balance! of USD 700 million or above to avoid liquidity risk. management * Only Vietnamese issuer with access to multiple sources of capital, including dom

  32. Slide 32: Global Reputation and Good Execution Helped Attract Top-Tier International Investors

    Global Reputation and Good Execution Helped Attract Top-Tier International Investors Sovereign Wealth Funds Equity Capital Markets Banking Public Partners Markets Strategic Partners & Joint Ventures Convertible / Exchangeable Bond Markets Private Internal International Debt Capital Markets Private E

  33. Slide 33: • • • • • • • • • • • • • •

    • • • • • • • • • • • • • • • • • • • • • • • • • •

  34. Slide 34: Committed to International Corporate Standards

    2.8 PRUDENT FINANCIAL POLICIES AND STRONG FINANCIAL POSITION Committed to International Corporate Standards Seasoned Management Teams for Every Business Segment Chairwoman 23+ yrs experience 15+ yrs with Vingroup. oO Ms. Phan Ha Thuy Chie Executive Officer 20+ yrs experience 9 yeswith Vingroup Ms. L

  35. Slide 35: Vinpearl Wonderworld Phu Quoc

    Vinpearl Wonderworld Pau Quoc

  36. Slide 36: Solid 9M2025 Performance: Heading to the New Period of High Growth

    CORPORATE PRESENTATION 36 Solid 9M2025 Performance: Heading to the New Period of High Growth Solid 9M2025 results underpin a positive outlook for 2026 GDP Growth rate] | Inflation rate % % 79 68 arr) 9M2024 9§M2025 9M2024 9M2025 GDP growth forecast - Selected nations % ME April Estimate EE October E

  37. Slide 37: Hanoi and HCMC: Supply Rebounds amid Progressive Legal Proposals

    CORPORATE PRESENTATION 37 Hanoi and HCMC: Supply Rebounds amid Progressive Legal Proposals Condominium: Improvement in supply in Hanoi and HCMC. Demand remained robust Proposals for revising 2024 Land Law to enhance New supply and absorption level of condominium market stability and transparency Tho

  38. Slide 38: 4. Financial Highlights

  39. Slide 39: Income Statement Highlights

    CORPORATE PRESENTATION 39 Income Statement Highlights Adjusted Revenue! VND billion Gross Profit VND billion EBITDA! 3.45 VND billion Profit Before Tax VND billion 9M2025 vs. 9M2024: +30.2% 92025 vs. 9M2024: +35.8% 92025 vs. 92024: +34.5% 212,344 313%) (20.4%) (21.3%) (19.1%) (13.2%) (37.0%) (27.6%)

  40. Slide 40: Segment Revenue Performance

    CORPORATE PRESENTATION Segment Revenue Performance 9M2025 VNDI77tn p59 49% 21% 29% 9M24 Revenue mix (inner circle) 9M25 Revenue mix (outer circle) Property sales Industrials 2 ‘Hospitality & entertainment services _™ Education Healthcare wOthers 4 Property Sales! VND billion 9M2025 vs. 9M2024: #15.3

  41. Slide 41: 7.000 5.000 3.000 1.000 (1.000) (3.000) (5.000)

    7.000 5.000 3.000 1.000 (1.000) (3.000) (5.000)

  42. Slide 42: Balance Sheet Highlights

    CORPORATE PRESENTATION Balance Sheet Highlights Breakdown of Total Assets % Total Assets & Total Equity! VND1,088tn 668 577 m Property sale mIndustrials 136 148 Hospitality & entertainment m Healtheare & education Deo-22 Dec-23 Others mTotal assets 837 154 Dec-24 mTotal equity VND trillion 1.088 162

  43. Slide 43: Balance Sheet Highlights (2)

    CORPORATE PRESENTATION Balance Sheet Highlights (2) Total Debt Breakdown By Type Domestic bond Other 69%, Revolving bank loan 22,3% VND325tn Long-term bank loan 85% Syndicated loan 27,0% Total Debt Breakdown By Maturity VND billion 72.627 Due debt in 4Q25 Due debt in 9M26 Po 34.455 Revolving bank lo

  44. Slide 44: Leverage, Coverage and Other Ratios

    CORPORATE PRESENTATION Leverage, Coverage and Other Ratios LTM as of 30.9.2025 FY2024 Change Leverage ratios Net debt!?/ EBITDA? 2.7x 2.3x +0.4x Net debt! / (Total assets - cash & ST investments”) 22.7% 20.1% +260Bps Coverage ratios Recurring revenue / Interest expense® 4.2x 4.2x - EBITDA / Interest

  45. Slide 45: Company Information

    “8 Company Information Vingroup Joint Stock Company (referred to as “Vingroup’ or "the Group”) is one of the largest listed companies in Vietnam as measured by market capitalization. Vingroup today bases its strategy on the principles of sustainability and professional management to operate in six m

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