Vingroup Joint Stock Company · HOSE:VIC
Vingroup Joint Stock — Vingroup — Q3 2025 Earnings Presentation
30 slides from Vingroup Joint Stock's earnings presentation, September 2025
Slide 1: Vingroup 3Q2025 Earnings Presentation
VINGROUP 3Q2025 Earnings Presentation
Slide 2: Important Notice
3Q2025 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: Agenda
3Q2025 EARNINGS PR Agenda 1 Business Highlights 2 Macroeconomic Updates 3 Business Updates 4 Financial Summary
Slide 4: Business Highlights
Vinpearl Wonderworld Phu Quoc
Slide 5: 9M2025 Highlights
SENTATION Macroeconomic Resilient growth trajectory, paving the way for continued strength into 2026 Industrials - Technology VinFast reinforced domestic market position Real Estate and Services New project launches across Vietnam 9M2025 Highlights GDP Growth rate (%) _ Inflation rate (%) 79 68 39 3
Slide 6: 9M2025 Highlights (Cont'd)
3Q2025 EARNINGS PRESENTATION 9M2025 Highlights (Cont’d) Unit: VND billion Industrials Real Estate Development and Services Social Enterprises Others!” Total adjusted revenue” 9M2025 50,657 95,584 8,462 22,666 177,369 9M2024 28,142 83,899 7,317 16,905 136,263 > rr PP Pe Change 80% 14% 16% 34% 30% Tot
Slide 7: 2. Macroeconomic Updates
3Q2025 EARNINGS PRESENTATION 7 2. Macroeconomic Updates
Slide 8: Solid 9M2025 Performance: Heading to the New Period of High Growth
3Q2025 EARNINGS PRESENTATION 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 Octobe
Slide 9: Hanoi and HCMC: Supply Rebounds amid Progressive Legal Proposals
3Q2025 EARNINGS PRESENTATION 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
Slide 10: 3. Business Updates
3Q2025 EARNINGS PRESENTATION HITT
Slide 11: Industrials
25 EARNINGS PRESENTATION Industrials Operational highlights 38,195 EV deliveries globally 3Q2025! +74% YOY 110,362 EV deliveries globally 9M2025! 4+149% YoY 120,052 E-scooter deliveries 3Q2025 +535% YoY 234,536 E-scooter deliveries 9M2025 +489% YOY
Slide 12: Automobile: Reinforced Leadership Position with Strong Delivery and Recognition
3Q2025 EARNINGS PRESENTATION R Automobile: Reinforced Leadership Position with Strong Delivery and Recognition Vietnam - Largest EV market in SEA VinFast — Leading with a widened margin Robust overall market growth - driven by VinFast EV Vietnam's automobile deliveries in 9M2025' by brands _ Topping
Slide 13: E-Scooter: Empowering Vietnam's Transition to Green Mobility
3Q2025 EARNINGS PRESENTATION E-Scooter: Enpowering Vietnam's Transition to Green Mobility VinFast is accelerating efforts to capture the ICE motorbike segment thanks to ... Comprehensive charging infrastructure Number of E-scooter deliveries by VinFast E-scooter deliveries Hanoi’s Proposals 120 thsd
Slide 14: Real Estate Development and Services
3Q2025 EARNINGS PRESENTATION Real Estate Deve’ ot and Servi Residential VND 86.0 trillion Revenue! from property sales in 9M2025 YoY VND 162.6 trillion Vinhomes’ contracted sales in 9M2025 ; y VND 223.9 trillion Vinhomes' unbilled sales as of Sep-25 ‘oY Hospitality and Entertainment cC.57% Occupancy
Slide 15: 140,0 • • 120,0 • 100,0 80,0 • • 60,0 • 40,0 20,0 •
140,0 • • 120,0 • 100,0 80,0 • • 60,0 • 40,0 20,0 • - • • 200 • • 150 ▲ 100 • • • 50 • 0 •
Slide 16: Residential: Vinhomes Green Paradise, Vietnam's First Coastal TOD Hub
3Q2025 EARNINGS PRESENTATION 16 Residential: Vinhomes Green Paradise, Vietnam’s First Coastal TOD Hub VINHOMES GREEN PARADISE SELECTED AMENITIES 2,870-F ber 2C THE HAVEN BAY 7M ha OTHER AMENITIES World-leading Entertainment Complex Welcome Park VinmecClevelandConnected Vincom Plaza Bayside Market Vi
Slide 17: Hospitality: Vietnam's Tourism Expands
3Q2025 EARNINGS PRESENTATION Hospitality: Vietnam’s Tourism Expands On Renewed © ; a —_ a WO oe A terion 2 International arrivals and domestic travel at record high Broadened access for international tourists and International arrival Domestic travel enhanced connectivity visitors (million of people
Slide 18: Hospitality: Vibrant Summer Season with High Occupancy
3Q2025 EARNINGS PRESENTATION Hospitality: Vibrant Summer Season with High Occupancy Hotels: Continuous improvement in its operation Vinpearl Golf: Unveiling a premier golf destination in Ho Chi Minh City Vinpearl Golf Léman, open for service in Total hospitality operating revenue RevPar growth by ge
Slide 19: VinWonders: Summer Season with Surging Visitor Numbers
3Q2025 EARNINGS PRESENTATION 9 VinWonders: Summer Season with Surging Visitor Numbers and Vibrant Entertainment Experiences VinWonders: Sustaining strong growth driven by rising visitor arrivals 8Wonder continously proving its oustanding capability The 8Wonder concert - Moments of Total revenue Numb
Slide 20: Other Businesses
Slide 21: Other Businesses: Building Long-Term Value through Innovation and Development
3Q2025 EARNINGS PRESENTATION Other Businesses: Building Long-Term Value through Innovation and Development Vinschoo! opened 02 new campuses in academic year 2025-2026 Vinschool Grand Park Cambridge bilingual Vinschool Ocean Park high school school v 18ha v l6ha v Capacity: 2,000 students Y Capacity:
Slide 22: Other Businesses: Celebrating Excellence with a Series of Awards
3Q2025 EARNINGS PRESENTATION Other Businesses: Celebrating Excellence with a Series of Awards Vingroup ecosystem recognized by its contribution to socio- @ economic development Vinerour Vineroup First-Class Labor Medal Medal Vingroup’s ecosystem honored by Brand Finance as Vinpear! @ reinforced its
Slide 23: 4. Financial Summary
4. Financial S
Slide 24: Income Statement Highlights
3Q2025 EARNINGS PRESENTATION 20 Income Statement Highlights Adjusted Revenue! VND billion Gross Profit VND billion EBITDA! 3.45 VND billion Profit Before Tax VND billion 92025 vs. 9M2024: +30.2% 9M2028 vs. 9M2024: +35.8% 9M2025 vs. 9M2024: +34.5% 212,344 313%) (20.4%) (21.3%) (19.1%) (13.2%) (37.0%)
Slide 25: Segment Revenue Performance
3Q2025 EARNINGS 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:
Slide 26: 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)
Slide 27: Balance Sheet Highlights
3Q2025 EARNINGS 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 1.0
Slide 28: Balance Sheet Highlights (2)
3Q2025 EARNINGS PRESENTATION Balance Sheet Highlights (2) Total Debt Breakdown By Type % Total Debt Breakdown By Currency! Other 6,9%. Domestic bond ; VND Revolving bank loan 293% 81,6% VND325tn VND325tn usp 7,2% Long-term bank loan Exchangeable bond 8.5% Others 1,2% Syndicated loan 27,0% Total Debt
Slide 29: Leverage, Coverage and Other Ratios
3Q2025 EARNINGS PRESENTATION Leverage, Coverage and Other Ratios LTM as of 30.9.2025 29 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 /
Slide 30: 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