Vincom Retail JSC · HOSE:VRE
Vincom Retail JSC — Vincom Retail Joint Stock Company — Q1 2024 Earnings Presentation
20 slides from Vincom Retail JSC's earnings presentation, Apr 26, 2024
Slide 1: 1Q2024 Quarterly Results
1Q2024 Quarterly Results 26 April 2024
Slide 2: Disclaimer
Disclaimer VINCOM RETAIL Quarterly Results 1Q2024 2 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 C
Slide 3: Vincom Retail maintained resilient growth in a challenging market context
2024: Vincom Retail maintained resilient growth in a challenging market context Vietnam’s GDP growth in 1Q2024 FDI disbursement in 1Q2024 +5.7% YoY USD 4.6 bn 01 Market Overview +7% YoY 1Q2024 Operational Total retail sales in 1Q2024 Total revenue in 1Q2024 02 Highlights +8.2% YoY VND 2,255 bn With
Slide 4: Operational and Financial Metrics
Operational and Financial Metrics VINCOM RETAIL Quarrterly Results 1Q2024 4 Occupancy YoY QoQ Unit: VND billion 1Q2023 1Q2024 YoY 1Q2023 4Q2023 1Q2024 rate2 (pp3) (pp) GFA (‘000 sqm) 1,747 1,747 0.0% Vincom Center 95.3% 93.9% 93.3% 2.0 0.6 Leasing revenue 1,913 1,928 0.8% Vincom Mega Mall 89.5% 86.4
Slide 5: 01 Market Overview
5 VINCOM RETAIL 5 Quarterly Results 1Q2024 01 Market Overview Vincom Center Ba Trieu
Slide 6: Vietnam's economy maintains resilient growth
Amid global market headwinds, Vietnam’s economy maintains VINCOM RETAIL Quarterly Results 1Q2024 6 a resilient growth Vietnam's 2024 GDP growth forecast continues to stay Total retail sales of goods and consumer services increased 8.2% YoY, but decreased 2.5% QoQ in Q1.2024; Accomodation among the h
Slide 7: Rent rates maintain at high level due to limited retail real estate supply
Rent rates maintain at high level due to limited retail real estate supply VINCOM RETAIL Quarterly Results 1Q2024 7 Hanoi Ho Chi Minh City (HCMC) NLA (‘000 sqm) NLA (‘000 sqm) New supply for Hanoi market in 1Q2024: 10,581 sqm HCMC does not record new supply in 1Q2024 1,400 1,400 1,200 1,200 1,000 1,
Slide 8: 02 1Q2024 Highlights
8 VINCOM RETAIL 8 Quarterly Results 1Q2024 02 1Q2024 Highlights Vincom Center Landmark 81
Slide 9: Timely launches of shopping malls in Q2.2024
Progressing on timely launches of 4 shopping malls in Q2.2024 with VINCOM RETAIL Quarterly Results 1Q2024 9 a minimum target occupancy rate of 90% at the time of opening Vincom Mega Mall Grand Park Vincom Plaza Bac Giang Expected • 2Q2024 Expected • 2Q2024 opening date opening time Location • Distri
Slide 10: Enlightening Festivals and Meaningful Community Programs in 1Q2024
The Destination of Enlightening Festivals and VINCOM RETAIL Quarterly Results 1Q2024 10 Meaningful Community Programs in 1Q2024 1. Tet Holidays 2. Women’s day 8.3 3. Vincom Xanh-Tươi/ Earth Hour 4. Community Activities Organize over 80 experiential workshops, 51 fairs honoring Vietnamese sustainable
Slide 11: Cultivating Strategic Partnerships and Fostering Shopping Stimulus Campaigns
Cultivating Strategic Partnerships and Fostering VINCOM RETAIL Quarterly Results 1Q2024 11 Shopping Stimulus Campaigns 01 Collaborate with technology partners, banks and popular brands to launch attractive redemption programs, discount codes GSM/ Banks 120,000 VND 1.5 bn Discount codes to Sponsoring
Slide 12: 03 Financial Update
VINCOM RETAIL 12 Quarterly Results 1Q2024 03 Financial Update Vincom Center Landmark 81
Slide 13: Financial Performance in 1Q2024
Financial Performance in 1Q2024 VINCOM RETAIL Quarterly Results 1Q2024 13 Total Revenue Gross Profit VND Billion VND billion Gross margin (%) 9,791 47.6% 45.9% 40.6% 51.8% 54.6% 9,259 61.2% 55.7% 8,329 7,361 223 215 172 1,772 5,891 5,346 2,027 116 381 4,404 2,149 3,821 3,817 186 805 32 1,004 735 2,3
Slide 14: Financial Performance in 1Q2024
Financial Performance in 1Q2024 VINCOM RETAIL Quarterly Results 1Q2024 14 Figures in VND billion 1Q2023 1Q2024 YoY Notes Revenue from Leasing of Investment 1,913 1,928 0.8% Properties and Rendering of Related Services Handed over 45 shophouses in 1Q2024 (including 44 units in Quang Tri and 1 Sale of
Slide 15: Balance Sheet
Balance Sheet VINCOM RETAIL Quarterly Results 1Q2024 15 Total Assets Total Borrowings, Cash and Cash Equivalents VND Billion VND Billion 7,117 49,016 47,654 42,701 5,726 39,816 37,873 5,173 4,945 21,446 23,152 11,125 15,487 3,936 3,956 3,939 10,349 3,782 3,158 3,187 28,691 27,525 27,214 26,208 25,86
Slide 16: 04 Medium and long-term strategic plans
VINCOM RETAIL 16 Quarterly Results 1Q2024 Medium and long-term 04 strategic plans Vincom Center Landmark 81
Slide 17: Solid growth drivers from optimizing existing assets and launching new malls
VINCOM RETAIL 17 In the medium and long-term, solid growth drivers from optimizing Quarterly Results 1Q2024 existing shopping assets and launching new malls Growth drivers in 2024 Consolidate market share • 2 new VMM: Grand Park and Ocean Park 2 • 4 new VCP: Ha Giang, Bac Giang, Dien Bien Phu, Dong
Slide 18: New generation Vincom Mega Mall and retail tourism model
VINCOM RETAIL 18 Focus on developing new generation Vincom Mega Mall and Quarterly Results 1Q2024 expand the implementation of the retail tourism model Accompany Vinhomes/Vingroup mega projects to develop Research and develop retail tourism projects in major new generation VMM tourist cities Key p
Slide 19: Improving Service Quality, Building a Green and Sustainable Environment
Improving Service Quality, VINCOM RETAIL Quarterly Results 1Q2024 19 Building a "Green and Sustainable" Environment Enhance customer experience journey • Upgrading shopping mall facilities with high standards • Upgrading internal management systems, further enhancing automation to optimize costs and
Slide 20: Investor Relations Department
VINCOM RETAIL 20 Quarterly Results 1Q2024 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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