Vincom Retail Jsc · HOSE:VRE
Vincom Retail Jsc — Vincom Retail — Q3 2022 Earnings Presentation
27 slides from Vincom Retail Jsc's earnings presentation, Oct 27, 2022
Slide 1: Quarterly Results 3Q2022
VINCOM RETAIL 1 Quarterly Results 3Q2022 Quarterly Results 3Q2022 27 October 2022
Slide 2: Disclaimer
Disclaimer VINCOM RETAIL Quarterly Results 3Q2022 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 Vincom Retail Joint Stock Com
Slide 3: Key Highlights
VINCOM RETAIL VINCOM RETAIL 3 Quarterly Results 3Q2022 Key Highlights Vietnam continues to be a bright spot of growth In 4Q2022, VRE will continue to stimulate 1 potential in the region, thanks to strong domestic 4 consumer demand leveraging year-end festive demand season Retail leasing market conti
Slide 4: Key Metrics in 3Q2022
Key Metrics in 3Q2022 VINCOM RETAIL 4 Quarterly Results 3Q2022 Unit: VND billion Occupancy rate YoY QoQ 3Q2021 3Q2022 YoY% 3Q2021 2Q2022 3Q2022(2) (pp) (pp) GFA (‘000 m2) 1,654 1,747 6% Vincom Center 94.0% 93.0% 93.4% (0.6) 0.4 Leasing revenue 728 1,837 152% Vincom Mega Mall 87.1% 86.3% 88.4% 1.3 2.
Slide 5: Market Overview
VINCOM RETAIL 5 Quarterly Results 3Q2022 01 Market Overview
Slide 6: Despite Global Market Turbulence, Vietnam Remains the Bright Spot for Growth Potential
Despite Global Market Turbulence, Vietnam Remains VINCOM RETAIL 6 1 Quarterly Results 3Q.2022 the Bright Spot for Growth Potential In the context of global market volatility …Vietnam economy remains resilient Vietnam’s GDP growth in 2022 and and high inflation… thanks to strong domestic demand 2023
Slide 7: Retail Leasing Market in 3Q2022
Retail Leasing Market in 3Q2022 VINCOM RETAIL 7 2 Quarterly Results 3Q2022 • According to CBRE, in 3Q2022, no new supply was recorded in both Hanoi and HCMC. • The market continued its recovery trend post-pandemic. Rents in Hanoi and HCMC CBD both increased sharply due to limited supply. The average
Slide 8: Positive Market Outlook for 2022 – 2024
Positive Market Outlook for 2022 – 2024 VINCOM RETAIL 8 2 Quarterly Results 3Q2022 Forecast rents and occupancy rates in Hanoi Forecast rents and occupancy rates(1) in HCMC USD/sqm/month USD/sqm/month 250 100% 200 96% 175 177 210 210 210 93% 96% 200 150 140 90% 92% 144 107.6 150 135.5 106.8 87% 100
Slide 9: 3Q2022 Key Highlights
VINCOM RETAIL VINCOM RETAIL 9 Quarterly Results 3Q2022 3Q2022 Key 02 Highlights Vincom Mega Mall Smart City
Slide 10: Footfall Continues to Recover, Achieving ~80% of Pre-Covid level
3 Footfall Continues to Recover, Achieving ~80% of VINCOM RETAIL Quarterly Results 3Q2022 10 Pre-Covid level Footfall 9M2022 +41% YoY Footfall recovery in Hanoi & HCMC 85–90% 3Q2022 vs 3Q2019 Source: Company report as of September 30, 2022
Slide 11: Leading Retail Brands to Expand Their Footprint in Our Network
Leading Retail Brands to Expand Their Footprint in Our VINCOM RETAIL 11 3 Quarterly Results 3Q2022 Network Despite being selective in adding tenants to ensure an Well-known brands to open new stores in Vincom Retail network.... alignment in long-term objectives with Vincom Retail, occupancy and pipe
Slide 12: Mid and Long-term Strategy
VINCOM RETAIL VINCOM RETAIL 12 Quarterly Results 3Q2022 Mid and Long-term Strategy Expand our network 1 2 Assets & service enhancement Leverage Leading the market Understand Uplift service Optimize Vingroup for expansion customers quality tenant mix ecosystem capability trend 3 Attract & connect com
Slide 13: Dominant Retail Platform in Vietnam
VINCOM RETAIL 13 1 Dominant Retail Platform in Vietnam Quarterly Results 3Q2022 Multi – Format Retail Model “Bright spots” of cities and provinces across the country VINCOM CENTER VINCOM MEGA MALL 44 83 ~1.75 mm CITIES, PROVINCES OPERATING MALLS RETAIL GFA (sqm) NORTH VIETNAM (except Hanoi) 19 • • I
Slide 14: Opening of 6 New Retail Malls in 2023
Strengthen our Market Leading Position with the VINCOM RETAIL 14 1 Quarterly Results 3Q2022 Opening of 6 New Retail Malls in 2023 Vincom Mega Mall Grand Park Vincom Mega Mall Ocean Park 2 – The Empire VCP Hà Giang VCP Bắc Giang VCP Điện Biên Phủ • District 9, HCMC • Van Giang, Hung Yen (25 min drive
Slide 15: Understand Evolving Customer Needs, Optimize Tenant Mix and Assets
Understand Evolving Customer Needs, Continuously VINCOM RETAIL 15 2 Quarterly Results 3Q2022 Optimize Tenant Mix and Assets Survey & capture consumer Curate tenant mix trends Assets • Continuously survey to • Selective tenants with high- understand customer quality products & long- profiles and need
Slide 16: Affirming our Branding as the Number 1 Retail Real Estate Developer in Vietnam
Affirming our Branding as the Number 1 Retail Real VINCOM RETAIL 16 3 Quarterly Results 3Q2022 Estate Developer in Vietnam Digital Initiatives launched to optimize operation & Vincom Retail’s Brand is internationally recognized with multiple awards customer experience AI CAMERA “Inspirational Brand
Slide 17: Connect Communities and Attract Footfall via Multi-Platform Communication Channels
Connect Communities and Attract Footfall via VINCOM RETAIL 17 4 Quarterly Results 3Q2022 Multi-Platform Communication Channels Organize series of festive season events A series of impressive activities: Dong Ho painting, Tarot reading, Making “To he” and Music Festival 24.4 million with popular youn
Slide 18: Collaborate with Partners to Boost Consumption during Festive Season
Collaborate with Partners to Boost VINCOM RETAIL 18 4 Quarterly Results 3Q2022 Consumption during Festive Season Collaborate with brands to boost shopping demand Black Friday Vincom Passport The biggest promotional Exclusive offers up to 20% event of the year, up to and gift vouchers for 100% promot
Slide 19: Financial Update
VINCOM RETAIL VINCOM RETAIL 19 Báo cáo KQKD Q3/2022 03 Financial Update Vincom Plaza Imperia – Hai Phong
Slide 20: Financial Performance in 3Q2022
Financial Performance in 3Q2022 VINCOM RETAIL 20 Quarterly Results 3Q2022 Total Revenue Gross Profit(1) VND bn VND bn Gross margin (%) 50.8% 39.9% 47.6% 45.9% 40.6% 16.6% 51.8% 3,641 4,404 (84) 3,821 735 (164) (47) 2,801 2,392 9,124 9,259 806 1,034 (116) 8,329 48 185 215 172 2,027 411 5,518 3,433 2,
Slide 21: Financial Performance in 3Q2022
Financial Performance in 3Q2022 VINCOM RETAIL 21 Quarterly Results 3Q2022 Figures in VND billion 3Q2021 3Q2022 YoY (%) Note • 3 new retail malls opened in 2Q2022, namely VMM Smart City, VCP My Tho, Revenue from Leasing of Investment 728 1,837 152.3 VCP Bac Lieu Properties and Rendering of Related Se
Slide 22: Financial Performance in 9M2022
Financial Performance in 9M2022 VINCOM RETAIL 22 Quarterly Results 3Q2022 Total Revenue Gross Profit(1) VND bn VND bn Gross margin (%) 50.8% 39.9% 47.6% 45.9% 40.6% 42.6% 51.9% 4,404 (84) 3,821 (164) 3,641 735 (47) 9,124 9,259 2,801 1,034 2,711 8,329 48 806 185 215 2,392 1,928 58 172 (116) 2,027 5,2
Slide 23: Financial Performance in 9M2022
Financial Performance in 9M2022 VINCOM RETAIL 23 Quarterly Results 3Q2022 Figures in VND billion 9M2021 9M2022 YoY (%) Note • 3 new retail malls opened in 2Q2022, namely VMM Smart City, VCP My Tho, Revenue from Leasing of Investment 3,810 4,906 28.8 VCP Bac Lieu Properties and Rendering of Related S
Slide 24: Balance Sheet
Balance Sheet VINCOM RETAIL Quarterly Results 3Q2022 24 Total Assets Total Borrowings, Cash and Cash Equivalents VND Bn VND Bn 5,726 38,684 35,839 39,816 37,873 39,951 4,945 4,227 3,782 3,133 3,158 3,177 10,911 11,125 12,256 2,780 2,785 7,121 10,349 2,177 27,773 28,718 28,691 27,525 27,695 (2) (2) 3
Slide 25: Appendix
VINCOM RETAIL CORPORATE PRESNTATION VINCOM RETAIL 25 Quarterly Results 3Q2022 04 Appendix Vietnam Center for Contemporary Art (VCCA) - a non-profit art center, sponsored by Vingroup, with a mission to connect artists to the community, artworks to the public, and Vietnamese contemporary art to the gl
Slide 26: Bridging VAS to IFRS
Bridging VAS to IFRS VINCOM RETAIL 26 Quarterly Results 3Q2022 VAS IFRS Adjustments 9M2022 9M2022 Leasing revenue and other related services 4,906 41 4,947 Sale of inventory properties 229 - 229 Other revenue 89 - 89 Total revenue 5,224 41 5,265 Cost of leasing activities and other related services
Slide 27: Investor Relations Department
VINCOM RETAIL VINCOM RETAIL 27 Quarterly Results 3Q2022 Investor Relations Department Vincom Retail JSC 7 Bang Lang 1, Vinhomes Riverside, Viet Hung Ward, Long Bien District, Hanoi, Vietnam Tel: +84 (24) 3974 9999 ext. 9391 Fax: +84 (24) 3974 8888 Website: ir.vincom.com.vn/en E-mail: [email protected]