Vingroup Joint Stock Company · HOSE:VIC
Vingroup Joint Stock — Q3 2024 Earnings Presentation
28 slides from Vingroup Joint Stock's earnings presentation, October 2024
Slide 1: 3Q2024 Earnings Presentation
GROUP 3Q2024 Earnings Presentation
Slide 2: Important Notice
3Q2024 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
3Q2024 EARNINGS PRESENTATION Table of Contents Macroeconomic Updates Operational Updates Financial Summary
Slide 4: Macroeconomic Updates
Macroeconomic 9M24 fundamentals remain solid, with high confidence to fulfill FY24 target of growth e Industrials - Technology Acceleration in 3Q24. Enhanced focus on seizing near-term opportunities e Trade and Services Solid performance across businesses (4) Financial Performance 68 44 39 32 i 9M20
Slide 5: VinFast shipment to the US in 2023
\VinFast shipment to the US in 2023
Slide 6: Retail sales and investment trends
Total retail sales Retail sales of goods and services Services 500 Estimations in Jan-2024 400 Estimations in Oct-2024 300 200 100 0 9M2023 9M2024 VNM CHN IDN MYS PHL SGP THA Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 9M2023 9M2024 16 Manufacturing 14 1
Slide 7: Banking, Real Estate, Securities
15 160 ▲ ▲ ▼ ▼ ▲ 12 120 9 80 6 3 40 - - Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2022 2023 2024 2022 2023 2024 2022 2023 2024 Banking 8 ▲ ▲ ▲ ▲ 6 Real Estate 4 Securities 2 Industrials - Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q
Slide 8: 3. Operational Updates
Slide 9: EV deliveries in 3Q2024 and 9M2024
EV deliveries in 3Q2024! EV deliveries in 9M2024'
Slide 10: Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
40 32 24 16 8 - Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2022 2023 2024 ✓ ✓ ✓ ✓
Slide 11: Jan Feb Mar
48 32 16 2023 2024 0 Jan Feb Mar Apr May Jun Jul Aug Sep ✓ ✓ ✓ ✓ ✓
Slide 12: Asia, North America, EMEA
• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Asia • • • • • • North America • • • • EMEA
Slide 13: Real Estate Development and Services
Real Estate Development and Services Residential Vinhomes’ adjusted revenue in 9M2024 Vinhomes’ contracted sales in 9M2024 +58% YOY Vinhomes’ unbilled sales as of Sep-24 +60% Hospitality and Entertainment Room nights sold in9M2024 +23% YoY Number of visits to VinWonders in 9M2024 +38% YoY \Vinhomes
Slide 14: Vinhomes sales and unbilled sales
120.0 100.0 80.0 60.0 40.0 20.0 - 2020 2021 2022 2023 9M2023 9M2024 Dec-20 Dec-21 Dec-22 Dec-23 Mar-24 Jun-24 Sep-24 180 VND trillion 160 140 120 100 80 60 56.7 40 51.7 40.6 20 15.7 16.2 0 2020 2021 2022 1Q2023 2Q2023 3Q2023 4Q2023 2023 1Q2024 2Q2024 3Q2024
Slide 15: Number of visitors
No. of visitors ('000 of people) YoY Growth (times) 3,600 1.6 1.4 3,000 1.2 2,400 1.0 1,800 0.8 0.6 1,200 0.4 600 0.2 - - 9M2019 9M2020 9M2021 9M2022 9M2023 9M2024 S. Korea China Taiwan The US Japan Malaysia 9M2019 9M2020 9M2021 9M2022 9M2023 9M2024
Slide 16: Hospitality quarterly metrics
3Q2019 3Q2023 4Q2023 1Q2024 2Q2024 3Q2024 3Q2019 3Q2023 4Q2023 1Q2024 2Q2024 3Q2024 3Q2019 3Q2023 4Q2023 1Q2024 2Q2024 3Q2024 3Q2019 3Q2023 4Q2023 1Q2024 2Q2024 3Q2024
Slide 17: Hospitality: Strengthen visibility with international events and global recognition
PRESENTATION v 3Q2024 EARN Hospitality: Strengthen visibility with international events and global recognition Nha Trang took advantage from international events Vinpearl’s sites chosen by customers and experts —— Vinpearl has recently been honored with 9 agoda prestigious Agoda Customer Review Awar
Slide 18: Other Businesses
Slide 19: Other Businesses: Strengthening Our Leadership through Outstanding Execution
3Q2024 EARNINGS PRESENTATION 9 Other Businesses: Strengthening Our Leadership through Outstanding Execution and Groundbreaking Achievements Vinmec - Outstanding execution through exemplary = § achievements VINMEC BENH Vinmec opened its 01 international clinic in Vinhomes Ocean Park and ol internatio
Slide 20: Branding: Celebrating Vingroup Brands and Vingroup Customers
3Q2024 EARNINGS PRESENTATION Branding: Celebrating Vingroup Brands and Vingroup Customers Vingroup’s ecosystem honored by Brand Finance as Vinpear! lead the @ Brand Strength Index Brand Finance’ SIX BRANDS BY VINGROUP IN 2024 BRAND FINANCE VIETNAM 100! #9 4 VINHOMES USD 1,414 mn #42 VINCOM RETAIL US
Slide 21: 3. Financial Summary
3Q2024 EARNINGS PRESENTATION 2 3. Financial Summary VinFast VF 034
Slide 22: Recurring revenue
2021 2022 2023 9M2023 9M2024 2021 2022 2023 9M2023 9M2024 2021 2022 2023 9M2023 9M2024 2021 2022 2023 9M2023 9M2024 Recurring revenue Property sales
Slide 23: Revenue by segment
2021 2022 2023 9M2023 9M2024 2021 2022 2023 9M2023 9M2024 2021 2022 2023 9M2023 9M2024 Property sales Industrials Hospitality & entertainment services Education Healthcare Leasing Others 2021 2022 2023 9M2023 9M2024 2021 2022 2023 9M2023 9M2024
Slide 24: Profitability and cash flow
7,000 5,000 3,000 1,000 (1,000) (3,000) (5,000) 2021 2022 2023 9M2023 9M2024 2021 2022 2023 9M2023 9M2024 2021 2022 2023 9M2023 9M2024 900 700 500 300 100 (100) (300) 2021 2022 2023 9M2023 9M2024 2021 2022 2023 9M2023 9M2024
Slide 25: Assets, equity and leverage
Property sale Industrials Hospitality & entertainment Leasing Dec-21 Dec-22 Dec-23 Sep-24 2021 2022 2023 LTM2024 Healthcare & education Others Total Debt / EBITDA Net Debt / EBITDA Total assets Total equity
Slide 26: Debt breakdown and maturity
Bank borrowings & others Syndicated loan Corporate bond Revolving bank loan 1-3 years 3-5 years More than 5 years
Slide 27: Leverage, Coverage and Other Ratios
3Q2024 EARNINGS PRESENTATION Leverage, Coverage and Other Ratios LTM2024 FY2023 Change Leverage ratios Net debt!?/ EBITDA? 2.9x 3.3x -0.4x Net debt! / (Total assets - cash & ST investments”) 22.9% 27.3% -450 Bps Coverage ratios Recurring revenue / Interest expense® 3.9x 3.9x - EBITDA / Interest expe
Slide 28: 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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