Vingroup Joint Stock Company · HOSE:VIC
Vingroup Joint Stock — Q2 2024 Earnings Presentation
31 slides from Vingroup Joint Stock's earnings presentation, August 2024
Slide 1: 2Q2024 Earnings Presentation
GROUP 2Q2024 Earnings Presentation
Slide 2: Important Notice
2Q2024 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
Slide 3: Table of Contents
2Q2024 EARNINGS PRESENTATION Table of Contents 1 Macroeconomic Updates 2 Operational Updates 3 Financial Summary 4 2H2024 Outlook
Slide 4: Key Highlights
2Q2024 EARNINGS PRESENTATION Key Highlights C1) Macroeconomic 1H24 fundamentals remain solid, conducive for strong performance in 2H24 e Industrials - Technology Encouraging results in 224. Enhanced focus on seizing near-term opportunities sisal (3) Trade and Services Solid performance across busine
Slide 5: 1. Macroeconomic Updates
4 EARNINGS PRESENTATION 1.Macroeconomic Updates APs:
Slide 6: Robust Economic Growth in 1H2024, Setting Strong Expectations in 2H2024
2Q2024 EARNINGS PRESENTATION Robust Economic Growth in 1H2024, Setting Strong Expectations in 2H2024 1H24 fundamentals remain solid, conducive for strong performance in 2H24 FY2024 GDP growth forecast by IMF (%) GDP Growth _ Inflation rate (%) rate (%) 58 58 5:9 62 sw Estimations in Jan-2024 5.0 50
Slide 7: Positive Recovery Signals Reinforced by Pro-active Government Stimulus Measures
2Q2024 EARNINGS PRESENTATION Positive Recovery Signals Reinforced by Pro-active Government Stimulus Measures Supply growth accelerated in Hanoi with strong buying momentum New supply and i ini ind of units) Hanoi 10,841 12,208 Ho ChiMinh 1,676 4.176% YoY 4.185% YoY 1H2024 v 59% YoY ' ' 1 6 1 1H2024
Slide 8: 2. Operational Updates
— 3.0p "3, Operational Updates — i :
Slide 9: VinFast Operational highlights
v-ST NAV a V v VINFAST Operational highlights EV deliveries in 1H2024 Charging points2) Showrooms®)
Slide 10: VinFast VF - Creating a New Sensation in the Vietnam Mobility Market
2Q2024 EARNINGS PRESENTATION VinFast VF 3 - Creating a New Sensation in the Vietnam Mobility Market VF3 — The Game-changer The VinFast VF 3 is expected to be as a game-changer in the EV market, especially due to its affordability and practical features aimed at young urban drivers. Features include
Slide 11: Proud of Vietnamese Spirit - For a Green Future Campaign
2Q2024 EARNINGS PRESENTATION Building on the Vietnam Momentum with the Launch of Proud of Vietnam Spirit — For a Green Future Campaign y In June 2024, Vingroup & VinFast launched the campaign Proud of Vietnamese Spirit - For a Green Future to call on the entire community to join hands in developing
Slide 12: Strengthening Global Brand Recognition - Asian Market in Focus
Strengthening Global Brand Recognition - Asian Market in Focus # of Showrooms Asia North America EMEA 5 operating showrooms outside of Vietnam, including 2 in Indonesia Canada: 10 operating showrooms in British Columbia, Europe: 13 operating showrooms in and 3 in Philippines*. Ontario, Quebec, Toron
Slide 13: Real Estate and Services
2Q2024 EARNINGS PRESENTATION Real Estate and Services .oes ee ee 4 i Nate. Adjusted
Slide 14: • 120.0 100.0 80.0 • • 60.0 40.0 20.0 • - • • •
• 120.0 100.0 80.0 • • 60.0 40.0 20.0 • - • • • • • • • •
Slide 15: Community Engagement through Innovative Attractions and Initiatives
2Q2024 EARNINGS PRESENTATION Community Engagement through Innovative Attractions and Initiatives Walking Street - Vu Yen Park and Vinpearl Horse Academy Grand Opening Vinhomes Royal Island launched Walking Street - Vu Yen Park, Vinpearl Horse Academy, and the Wonder Island International Music Festiv
Slide 16: Hospitality: Recovery in Sight
2Q2024 EARNINGS PRESENTATION Hospitality: Recovery in Sight International arrivals exceeding pre-Covid 06 1H2019 1H2020 1H2021 1H2022 1H2023 1H2024 Number of international travelers (millions) Revenue from accommodation and catering services (IH2024) VND 356.4 trn increasing by 1.2% YoY Korean and C
Slide 17: Hospitality: International Visitors Fuel Vinpearl's Growth
2Q2024 EARNINGS PRESENTATION Hospitality: International Visitors Fuel Vinpearl’s Growth Vinpearl Hospitality: 2Q24 exceeding pre-Covid level and improving Total Revenue (VNDbn/?? Quarterly room nights sold (‘000)2 2Q'24: +26% YoY 417% vs. pre-Covid 2Q'24: +25% YoY 13% vs, preCovid 000 1924844 1469 1
Slide 18: Hospitality: Discover New Destinations - Exciting Experiences for Visitors
2Q2024 EARNINGS PRESENTATION Hospitality: Discover New Destinations - Exciting Experiences for Visitors from Near and Far VinWonders Cua Hoi - the largest entertainment complex in North Central Vietnam Nghe An. v First Sea-Crossing Cable Carin North Central Vietnam. ¥ Commercial Districts entertainm
Slide 19: 2Q2024 EARNINGS PRESENTATION
2Q2024 EARNINGS PRESENTATION
Slide 20: Education & Healthcare: Solidifying Our Role as Pioneers
2Q2024 EARNINGS PRESENTATION Education & Healthcare: Solidifying Our Role as Pioneers through Exemplary Achievements and Innovations Five more campuses accredited by CIS, building the confidence of A < Vinschool’s quality Vinschool’s students ended the school year of 2023-24 with several valuable ac
Slide 21: Technology & Retail: Discovering Breakthroughs in The Next Frontier
2Q2024 EARNI PRESENTATION a Technology & Retail: Discovering Breakthroughs in The Next Frontier VinAl unveiled cutting-edge Al products & VinBigData’s products recognized by reputable » g-ecg P BEVInA international/domestic organizations Aye Vineicpata Introduced two advanced Al products: Y SwiftBru
Slide 22: 3. Financial Summary
Z 3. Financial Summary
Slide 23: Income Statement Highlights
2Q2024 EARNINGS PRESENTATION Income Statement Highlights Revenue! VND billion 1H2024 vs, 1H2023:-27.6% 187,944 128,668 130,818 102,684 73,413 2021 ©2022 »=— 2028-12023 1H2024 m Recurring revenue Property sales Gross Profi VND billion 1H2024 vs, 1H2023: -50.3% 313%) (31.3%) (20.4%) (25.7%) (17.9%) 40
Slide 24: Segment Revenue Performance
2Q2024 EARNINGS PRESENTATION Segment Revenue Performance Property Sales! VND billion Industrials? VND billion Hospitality & Entertainment VND billion Services? 1H2024 vs, 12023: -52.8% 1H2024 vs, 12023: +44.8% 1H2024 vs, 1H2023: +56.7% a, & 120,893 28,078 ang fe By ey " 3,930 | bt 1H2024 84,888 84,1
Slide 25: 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)
Slide 26: Balance Sheet Highlights (1)
2Q2024 EARNINGS PRESENTATION Balance Sheet Highlights (1) Breakdown of Total Assets % VND 722tn 12% m Property sale Industrials m Hospitality & entertainment Leasing mHealthcare & education Others ” Total Assets & Total Equity’ sb ls 202) ~ ore cairn cope set xo ® 7 re 668 577 428 160 136 148 Dec-21
Slide 27: Balance Sheet Highlights (2)
2Q2024 EARNINGS PRESENTATION Balance Sheet Highlights (2) Total Debt Breakdown By Type % Total Debt Breakdown By Currency! % Exchangeable bond Domestic bond 1.3% 28.1% VND usb VND222tn Syndicated loan 70.8% VND222tn 29.1% Other 26.0% 6.0% Revolving bank loan Long-term bank loan 19.7% 8.9% Total Debt
Slide 28: Leverage, Coverage and Other Ratios
2Q2024 EARNINGS PRESENTATION Leverage, Coverage and Other Ratios 28 LTM2024 FY2023 Change Leverage ratios Net debt!?/ EBITDA? 3.0x 3.3x -0.3x Net debt! / (Total assets - cash & ST investments”) 26.7% 27.3% -60 Bps Coverage ratios Recurring revenue / Interest expense® 3.7x 3.9x -0.2x EBITDA / Interes
Slide 29: 4. 2H2024 Outlook
Dee 2Q2024 EARNINGS PRESEN 29 4. 2H2024 Outlook
Slide 30: 2H2024 Outlook
Pp 2H2024 Outlook =~ q 2H 2024 Outlook and Plan Aa) © Industrials - Technology ¥ Revised guidance to 80,000 cars in 2024, building on momentum in domestic market and focusing on seizing near-term opportunities in a more selective group of potential markets. Product planning: VF 3 to be delivered in
Slide 31: Company Information
Company Information Vingroup today bases its strategy on the principles of sustainability and professional management to operate in three major business segments: «Industrials - Technology ~ VinFast, the first and largest domestic comprehensive automobile manufacturer and electric scooter producer i
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