Vingroup Joint Stock Company · HOSE:VIC
Vingroup Joint Stock — Investor Presentation (May 2026)
50 slides from Vingroup Joint Stock's investor presentation, May 2026
Slide 1: Vingroup Corporate Presentation May 2026
@ VINGROUP Vingroup Corporate Presentation be May 2026
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
Slide 3: Table of Contents
CORPORATE PRESENTATION Table of Contents About Vingroup Key Competitive Advantages Macroeconomic Updates Financial Highlights 2026 Outlook VinFast Electric Vehicle ~ VF 7
Slide 4: 1. About Vingroup
Slide 5: • • • • • 17% 6% 5% 1% 8% • • • •
• • • • • 17% 6% 5% 1% 8% • • • • • • 53% • • • • •
Slide 6: Investors and Strategic Partners
• • • • • • • 5 7 1993 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1Q2026 Sovereign Wealth Funds Strategic Partners & Joint Ventures Private Equity Other Investors / Capital
Slide 7: Corporate Structure
CORPORATE PRESENTATION Corporate Structure VinsrouP Industrials - Technology Real Estate Development Infrastructure Green Energy Culture Social Enterprises and Services 7 61.4% - 50.7% \¥ PureEVOEM| 735% | ¢ Real Estate p02) Railway 3 = Green i. v- Cultural &) 190% YSPOME Development veseee Developm
Slide 8: ● ● ● ● ● ● ● ● ● ● ● ● ● ●
● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●
Slide 9: Vinmec - Centers of Excellence
CORPORATE PRESENTATION Vingroup and The Founders’ Efforts “For a Better Life of People” Vinmec - Centers Of Excellence With Specialized Infrastructure And High-quality Offerings 14+ 2,428 10 7 ] c.5.1 million Years of Total bed General hospitals! Clinics! Research centers! Number of outpatient visit
Slide 10: Vinschool - Largest Private K-12 Education System
CORPORATE PRESENTATION Vingroup and The Founders’ Efforts “For a Better Life of People” (cont'd) Vinschool - Incubator of Talent and Largest Private K-12 Education System in Vietnam! y % Largest education system in Vietnam with scale equaling the next 03 é LS] 3 competitors combined Lis ee ‘VINSCHOO
Slide 11: VinUniversity - A University of Excellence
CORPORATE PRESENTATION 1 Vingroup and The Founders' Efforts “For a Better Life of People” (cont'd) VinUniversity - A University of Excellence - Developing Talents for the Future ~ VINUNIVERSITY The Youngest Vietnam’s first UNESCO Chair University in APAC to receive 5 stars on the QS rating system in
Slide 12: VinBus and Foundations
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 604 buses’ and operati
Slide 13: 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
Slide 14: 2.1 Favorable Macro-Economics in Vietnam
2.1 FAVORABLE MACRO-ECONOMICS IN VIETNAM 2.1 Favorable Macro Economics in Vietnam and Across All Consumer Industries
Slide 15: Private Sector as the New Driver to the Economy
2.1 FAVORABLE MACRO-ECONOMICS IN VIETNAM AND ACROSS ALL CONSUMER INDUSTRIES 5 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
Slide 16: Regional consumer comparison
Singapore Thailand Malaysia Indonesia The Philippines Vietnam Malaysia Indonesia Thailand The Philippines Vietnam Singapore Malaysia Thailand Indonesia The Philippines Vietnam
Slide 17: Tourism arrivals and receipts
30,0 10,0 9,0 25,0 8,0 7,0 20,0 6,0 15,0 5,0 4,0 10,0 3,0 2,0 5,0 1,0 - - 2025 2026E 2027E 2028E 2029E 2030E 2025 2026E 2027E 2028E 2029E 2030E 2025 2026E 2027E 2028E 2029E 2030E Total tourist arrivals, million International tourism receipts, USD billion
Slide 18: Consumer industry growth 2025-2030E
2025 2030E 2025 2030E 2025 2030E 2025 2030E 2025 2030E 2025 2030E
Slide 19: 2.2 Unparalleled Execution Capabilities in New Business Sectors
2.2 Unparalleled Execution Capabilities in New Business Sectors
Slide 20: • • • 2022 2023 2024 2025 2026
• • • 4 197 7 97 33 2022 2023 2024 2025 2026
Slide 21: VinFast - Comprehensive EV Portfolio
2.2 UNPARALLELED EXECUTION CAPABILITIES IN NEW BUSINESS SECTORS VinFast - Leading through a Comprehensive and Fully Commercialized Vv EV Portfolio — LAC HONG VINFAST — PERSONAL VEHICLES GREEN —- COMMERCIAL LINE ULTRA LUXURY Se Se Ses an Ss Gs S. So Gh Fo Es le GS ee Herio Nerio Limo lacHong LacHong
Slide 22: R&D Strategy: Driving Smart Mobility Forward
2.2 UNPARALLELED EXECUTION CAPABILITIES IN NEW BUSINESS SECTORS R&D Strategy: Driving Smart Mobility Forward Vv ViNFAsT Strategy Differentiation re Deliver cost-efficient, high-quality Leverage shared platforms and Adopt zonal EEarchitecture toreduce Applynewtechnologies in vehicles that enhance cus
Slide 23: ADAS Level 2++ and Vision for Robo-car
2.2 UNPARALLELED EXECUTION CAPABILITIES IN NEW BUSINESS SECTORS 23 2026 Onward: ADAS Level 2++/Navigation on Autopilot and Vision for Robo-car Vv ViNFAsT DRIVING L2+ * AutoOn/OffRam * Car Avoidance * Overtalking Lane Change * Follow in Trafficdam + Road Construction Detect * Rain/Snow Detect + Auto
Slide 24: Green SM - Leading the Green Transition
2.2 UNPARALLELED EXECUTION CAPABILITIES IN NEW BUSINESS SECTORS Green SM - Leading the Green Transition 200,000 evs Fleet size! #/in taxi & ride hailing industry in Vietnam vw GREEN SM 15 MN customers c.01.5% Market share in Vietnam! 66 cities Active customers! COMPREHENSIVE SUITE OF SERVICE ——- «26
Slide 25: VinEnergo - Comprehensive Green Energy Solutions
2.2 UNPARALLELED EXECUTION CAPABILITIES IN NEW BUSINESS SECTORS VinEnergo - Comprehensive Green Energy Solutions for the Future yd 2.8 GW 100 GW , Renewable energy Target development. portfolio under scale in Vietnam and A development in Vietnam international markets VinEnergo ° Integrated renewable
Slide 26: 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
Slide 27: Vinhomes - Vietnam's #1 Real Estate Developer
2.3 DOMINANT INTEGRATED REAL ESTATE DEVELOPERS, OWNER, AND OPERATOR ea Vinhomes - Vietnam’s #1 Real Estate Developer #1 Real estate developer in SEA - Dominant position in Vietnam All-in-one ecosystem integrates with ESG & smart living innovation VINPEARL/ VINWONDERS | ESG excellence Hotel & Enterta
Slide 28: Vinpearl - Leading Integrated Hospitality Platform
2.3 DOMINANT INTEGRATED REAL ESTATE DEVELOPERS, OWNER, AND OPERATOR 28 Vinpearl - Vietnam’s Leading Integrated Hospitality Platform with Premium Resorts & Hotels Vietnam's Leading Hospitality & Entertainment Brand 4 VINPEARL Brand Finance’ Top Tl Strongest brand in Strongest brand _in oa P iceman Vi
Slide 29: Vincom Retail - Leading Retail Real Estate Platform
2.3 DOMINANT INTEGRATED REAL ESTATE DEVELOPERS, OWNER, AND OPERATOR Vincom Retail - Vietnam’s Leading Retail Real Estate Platform ef USD2.8bn 90 ‘VINCOM RETAIL Operating malls? Market cap? 1.91 mn Total mall GFA (m? ~211mn Annual mall footfalls* USD 335 mn 2025 revenue® (except Hanoi) Vincom Center
Slide 30: 2.4 Largest Ecosystem in Vietnam
2.4 Largest Ecosystem in Vietnam with Market secleiisialle)) Across Multiple Businesses Fe
Slide 31: Largest Ecosystem in Vietnam
2.4 LARGEST ECOSYSTEM IN VIETNAM WITH MARKET LEADERSHIP ACROSS MULTIPLE BUSINESSES a 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 He
Slide 32: Leveraging Data Analytics for Behavioral Understanding
2.4 LARGEST ECOSYSTEM IN VIETNAM WITH MARKET LEADERSHIP ACROSS MULTIPLE BUSINESSES 32 Leveraging Data Analytics for Deep Behavioral Understanding and Continual Improvement of Platform Offerings Technology Companies Data Analytics CONSUMER DATA CONSUMER PREFERENCES Personalized Services & Products °
Slide 33: 2.5 Prudent Financial Policies and Strong Financial Position
2.5 Prudent Financial Policies And Strong Financial Position
Slide 34: Prudent Financial Policies and Strong Financial Position
2.8 PRUDENT FINANCIAL POLICIES AND STRONG FINANCIAL POSITION 34 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 do
Slide 35: Global Reputation Attracting 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
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• • • • • • • • • • • • • • • • • • • • • • • • • •
Slide 37: 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 Vv Ms. Le Thi Thu Thuy Chairwoman 23 yes experience 16+ yrs with Vingroup Ms. Phan Ha Thuy Chief Executive Officer 30+ yrs experience ‘9+ y
Slide 38: Vinpearl Wonderworld Phu Quoc
Vinpearl Wonderworld Pau Quoc
Slide 39: Macroeconomic Updates
Public investment disbursements (VND trn) 300 % to annual budget plan 20% 250 15% 200 150 10% 100 5% 50 0 0% 1Q2025 1Q2026 1Q2025 1Q2026 IDN MYS PHL THA VNM 1Q2022 1Q2023 1Q2024 1Q2025 1Q2026 1Q2022 1Q2023 1Q2024 1Q2025 1Q2026 700 600 500 400 Total retail sales 300 Retail sales of goods and services
Slide 40: Macroeconomic Updates (cont'd)
20 ▲ 15 10 5 - Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2023 2024 2025 2026 2023 2024 2025 2026 8 ▲ 240 6 200 ▼ ▼ 160 4 120 80 2 40 - - Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2023 2024 2025 2026 20
Slide 41: 4. Financial Highlights
Slide 42: Revenue: property and non-property
2023 2024 2025 1Q2025 1Q2026 2023 2024 2025 1Q2025 1Q2026 2023 2024 2025 1Q2025 1Q2026 2023 2024 2025 1Q2025 1Q2026 Property revenue Non-property revenue
Slide 43: Revenue by segment
2023 2024 2025 1Q2025 1Q2026 2023 2024 2025 1Q2025 1Q2026 2023 2024 2025 1Q2025 1Q2026 Property sales Industrials Hospitality & entertainment services Education Healthcare Leasing Others 2023 2024 2025 1Q2025 1Q2026 2023 2024 2025 1Q2025 1Q2026
Slide 44: Profitability and EBITDA
10.000 8.000 6.000 4.000 2.000 – (2.000) 2023 2024 2025 1Q2025 1Q2026 2023 2024 2025 1Q2025 1Q2026 2023 2024 2025 1Q2025 1Q2026 2023 2024 2025 1Q2025 1Q2026 2023 2024 2025 1Q2025 1Q2026
Slide 45: Assets, equity and leverage
Property Sales Industrials Hospitality & entertainment Healthcare & education Dec-23 Dec-24 Dec-25 Mar-26 2023 2024 2025 LTM2026 Others Total Debt / EBITDA Net Debt / EBITDA Total assets Total equity
Slide 46: Debt by type and maturity
Bank borrowings and others Syndicated loan & Int'l bond Domestic bond Revolving bank loan Less than 1 year 1-3 years 3-5 years More than 5 years
Slide 47: Leverage, Coverage and Other Ratios
CORPORATE PRESENTATION Leverage, Coverage and Other Ratios LTM 3M2026 FY2025 Change Leverage ratios Net debt!?/ EBITDA? 3.0x 2.7x +0.3x Net debt! / (Total assets - cash & ST investments”) 25.6% 24.1% +150Bps Coverage ratios Recurring revenue / Interest expense® 5.4x 5.2x +0.2x EBITDA / Interest expe
Slide 48: 5. 2026 Outlook
Slide 49: Outlook
CORPORATE PRESENTATION 2026 Outlook Targeted Consolidated Revenue VND 485,000 billion +46% vs 2025 Revenue Targeted Profit After Tax VND 35,000 billion 3.2x vs 2025 Profit after tax Key drivers in 2026 oO © © Social Enterprises 4 whe ++ Industrials and Technology * Consolidate leadership in Vietnam
Slide 50: Company Information
Company Information Vingroup Joint Stock Company (referred to as “Vingroup’ or 'the Group") is one of the largest listed companiesin Vietnam as measured by market capitalization. Vingroup today bases its strategy on the principles of sustainability and professional management to operate in six major
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