Vincom Retail Jsc · HOSE:VRE
Vincom Retail Jsc — Vincom Retail — Investor Presentation (February 2024)
25 slides from Vincom Retail Jsc's investor presentation, February 2024
Slide 1: Vincom Retail Corporate Presentation February 2024
4 VINCOM RETAIL Corporate Presentation February 2024
Slide 2: Disclaimer
RETAIL CORPORATE PRESENTATION 2 vine Disclaimer 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 Compa
Slide 3: Table of Content
VINCOM RETAIL CORPORATE PRESENTATION Table of Content 1 Vingroup & Vincom Retail: Market Leaders in Vietnam 2 Key Investment Highlights 3 Medium and Long-term Plan 4 Operational & Financial Updates ‘incom Plaza Ha Long ~ Quang Ninh
Slide 4: 1. Vingroup & Vincom Retail: Market Leaders in Vietnam
Slide 5: A Subsidiary of Vingroup - The Best-in-Country Ecosystem
VINCOM RETAIL CORPORATE PRESENTATION 5 A Subsidiary of Vingroup - The Best-in-Country Ecosystem z 1 combined market cap that accounted for e i USD 18.28bn 0.9% of the VN-Index! ee NIKKEI Asia 2028 Top 300 Largest and Top 10 Brands in Vietnam csr mace conan Fastest Growing 1.6% of nominal GDP2 Busine
Slide 6: Emergence of Vincom Retail as a Pioneer and Clear Market Leader
VINCOM RETAIL CORPORATE PRESENTATION 6 Emergence of Vincom Retail as a Pioneer and Clear Market Leader 2014 - 2023 CAGR 17% 15% + Life-Design mall - Vincom Mega Mall Smart City Covid-19 outbreak Leasing revenue Retail GFA Retail GFA (‘000 sqm) Leasing Revenue (VND bn) 1EO! and listed on HOSE Investm
Slide 7: Key Investment Highlights
21 2.2 2.3 24 2.5
Slide 8: Strong Macro Tailwinds
VINCOM RETAIL CORPORATE PRESENTATION Strong Macro Tailwinds Fastest Growing Economy in Southeast Asia Real GDP growth 2022 - 2024E CAGR (%) 1x 6.9% 54% 6 3.3% aad - LI LI LI Singapore Thailand Malaysia Indonesia Philippines Vietnam Fastest Growing Middle-Income Segment in SEA Middle income populatio
Slide 9: Retail Malls Have Emerged as the Platform of Choice
VINCOM RETAIL CORPORATE PRESENTATION 9 Retail Malls Have Emerged as the Platform of Choice Vietnam's retail sales growth continues to lead the growth in the region! Retail mall penetration in Vietnam is considerably lower compared to the region... Unit: % Vietnam has a Low Mall NLA per capita compar
Slide 10: Vincom Retail's Unique and Dominant Position
VINCOM RETAIL CORPORATE PRESENTATION Vincom Retail’s Unique and Dominant Position The ultimate shopping destination of cities and provinces across the country 83 ~1.75 mm_ Hanoi & HCMC Operating malls in Accounts for ~60% total GFA 44/63 cities & provinces of Vietnam Retail GFA (sqm) NORTH VIETNAM (
Slide 11: The Go-to Platform for Well-known International and Established Local Brands
VINGOM RETAIL CORPORATE PRESENTATION The “Go-to” Platform for Well-known International and Established Local Brands Our Prime-Location Malls Attracts Top-Tier Tenants... First stores in Hanoi for First stores in Vietnam for First stores in retail malls of MUJI Z\R\ SED BL HM We selectively choose te
Slide 12: Unrivalled Position Thanks to the Best-in-Country Vingroup Ecosystem
VINCOM RETAIL CORPORATE PRESENTATION Unrivalled Position Thanks to the Best-in-Country Vingroup Ecosystem Access to the Unrivalled Landbank from Vietnam's Biggest Real Estate Developer c.178mn Sqm of landbank' Vinhomes’ Landbank Breakdown (mn sqm) 166 c.30 years worth of development pipeline for Vin
Slide 13: Committed as a Sustainable Developer, Community Builder, and Lifestyle Pioneer
VINGOM RETAIL CORPORATE PRESENTATION Committed as a Sustainable Developer, Community Builder, and Lifestyle Pioneer Sustainability Developer installed solar panels at 60/83 shopping malls, covering 10% of the energy consumption of Vincom retail malls. Total energy production from solar panels by end
Slide 14: Institutional Level Corporate Governance in Place
VINCOM RETAIL CORPORATE PRESENTATION Institutional Level Corporate Governance in Place Transparent Decision Making + Vingroup has been VRE's largest shareholder. To protect the interest of other shareholders, all transactions must be entered into on commercially reasonable basis asa statutory requir
Slide 15: 3. Medium and Long-term Plan
Slide 16: Accompanying Vinhomes/Vingroup's Mega Projects With Focus on Vincom Mega Mall
VINGOM RETAIL CORPORATE PRESENTATION Accompanying Vinhomes/Vingroup’s Mega Projects With Focus on Vincom Mega Mall Experience Mall Model Complete Vingroup’s ecosystem Life-design _Effective concept investment scheme Source: Company information
Slide 17: Upgrade Positioning and Optimize Performance
83 shopping malls in operation 1 2 3 Increase occupancy rate & Promoting new brands / concepts Becoming a “not-to-be-missed” average rent destination throughout the year • Introducing new brands that are • Accompanying strategic tenants to popular in the region and Asia • Promoting Service-from-the-
Slide 18: Training and Promoting Service From the Heart culture
Promote green and sustainable consumption activities • Vincom Retail's shopping malls continue programs aimed at green environment and sustainable consumption Evaluate and 6 additional Promote waste expand the shopping malls are classification at implementation of expected to install source and solu
Slide 19: Operational & Financial Updates
\ INCOM -RETRIL CORPORATE PRESENTATION ¢ =
Slide 20: Operational and Financial Metrics
VINCOM RETAIL COR Operational and Financial Metrics Unit: VND billion GFA (‘000 sqm) Leasing revenue Leasing NOI (% NOI) EBITDA (% EBITDA) PATMI (% PATMI) ORATE PRESENTATION 1747 6,865 4857 (71.0) 5,330 (72.4) 2776 (37.7) 1,747 7,796 5,746 (74.2) 7,308 (74.6) 4,409 (45.0) 0.0 13.6 18.3 (+3.2pp) 37.1
Slide 21: Preferred Partner for International Anchor Tenants Entering Vietnam
VINGOM RETAIL CORPORATE PRESENTATION a Vincom Retail Remains a Preferred Partner for International Anchor Tenants Entering Vietnam for the First Time, and Chain Tenants Securing Multiple Sites GUESS/ Oy SUSHI $ HOKKAIDO SACHI Guess opened its first store in + First-time tenantin Vincom malls Vietnam
Slide 22: Vincom Malls to Benefit from Increased Footfall from Mega Grand World
VINGOM RETAIL CORPORATE PRESENTATION Vincom Malls to Benefit from Increased Footfall Thanks to the Launch of Mega Grand World Commercial Town Which Attracts Visitors from Northern Provinces Accessibility potential — — OCEAN PARK1 visitors annually “— OCEAN PARKS iz Mega-Scale Anchor Tenants and the
Slide 23: Financial Performance in 2023
VINGOM RETAIL CORPORATE PRESENTATION Financial Performance in 2023 Total Revenue Gross Profit VND Bn 9h VND Bi - 33,0°0..% Bn Yor. 9m Gross margin (%) 8,329 223 215 72 5,891 nam , 4772 2149 3,821 186 2,392 1,004 (4) 7017 7,796 16) 2019 2020 2021 2022 2028 2019 2020 2021 2022 2028 Sale of Investment
Slide 24: Balance Sheet Highlights
VINCOM RETAIL CORPORATE PRESENTATION Balance Sheet Highlights 24 Total Assets Total Borrowings, Cash and Cash Equivalents VNDBn VNDBn 77 5,726 Jv 42701 47,654 4945 5173 a 3,782 3,936 Ta? a 3158 3,187 2,785 2077 27,214 yn2/2019 3ii2/2020? 31/i2/2021 ‘ynj2022 3yn2/2023 31/2/2019 32/2020 a1/i2/2021 ain
Slide 25: Investor Relations Department
VINCOM RETAIL 32 Báo cáo KQKD Q4/2022 Investor Relations Department Vincom Retail JSC Symphony Office Tower, Chu Huy Man Street, Vinhomes Riverside Eco-Urban Area, Phuc Loi Ward, Long Bien District, Hanoi, Vietnam Tel: +84 (24) 3975 6699 ext. 5445 Website: ir.vincom.com.vn/en E-mail: [email protected]
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