Vinhomes Joint Stock Company · HOSE:VHM
Vinhomes Joint Stock — Q2 2026 Earnings Presentation
31 slides from Vinhomes Joint Stock's earnings presentation, Jul 30, 2026
Slide 1: 2Q2026 Earnings Presentation
VINHOMES JOINT STOCK COMPANY 1 2Q2026 Earnings Presentation July 30, 2026
Slide 2: Disclaimer
VINHOMES JOINT STOCK COMPANY 2 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 Vinhomes Joint Stock Company (the “Co
Slide 3: Contents
VINHOMES JOINT STOCK COMPANY 3 Vinhomes Green Paradise, HCMC CONTENTS 1 Key Highlights 2 Macro & Sector Updates 3 Business Updates 4 Financial Summary 5 2026 Outlook 6 Appendix
Slide 4: Key Highlights
Key Highlights Macro & Sector Updates Business Updates Financial Summary 2026 Outlook Appendix VINHOMES JOINT STOCK COMPANY 4 Key Highlights Vietnam’s 1H2026 GDP growth New projects 1H2026 1H2026 contracted sales 1H2026 adjusted revenue ▲ 8.18% YoY 3 new launches VND 148.1 trillion VND 134 trillion
Slide 5: Operational Performance 1H2026 Details
Key Highlights Macro & Sector Updates Business Updates Financial Summary 2026 Outlook Appendix VINHOMES VINHOMESJOINT JOINTSTOCK STOCKCOMPANY COMPANY 55 Operational Performance 1H2026 Details 1H2026 1H2025 Change 2Q2026 2Q2025 Change Contracted sales (VND T)1 148.1 67.5 119% 66.4 32.5 104% Unbilled
Slide 6: Mega Project Launches Propel Pre-sales Momentum
Key Highlights Macro & Sector Updates Business Updates Financial Summary 2026 Outlook Appendix VINHOMES JOINT STOCK COMPANY 6 300.0 Mega Project Launches Propel Pre-sales Momentum 250.0 Contracted sales trend1 1H2026 contracted sales1 by project VND trillion 200.0 150.0 Green Paradise VND 120.7 tril
Slide 7: Macro & Sector Updates
VINHOMES JOINT STOCK COMPANY 7 Macro & Sector Updates Can Gio Mangrove Forest Road connecting to Vinhomes Green Paradise
Slide 8: Vietnam: A Resilient Growth Profile with Strong Fundamentals & Policy Discipline
Key Highlights Macro & Sector Updates Business Updates Financial Summary 2026 Outlook Appendix VINHOMES JOINT STOCK COMPANY 8 Vietnam: A Resilient Growth Profile with Strong Fundamentals & Policy Discipline Positive GDP Backed by Decisive Reforms Credit Market Stability to be Maintained Policy Tailw
Slide 9: Hanoi Property Market – Positive Momentum Continues
Key Highlights Macro & Sector Updates Business Updates Financial Summary 2026 Outlook Appendix VINHOMES JOINT STOCK COMPANY 9 Hanoi Property Market – Positive Momentum Continues Condominium: Supply Moderated into 2Q2026 Landed Property: Sustained Demand Amid Tight Supply Units | VND million psm 8,62
Slide 10: HCMC Property Market – Entering The Growth Phase
Key Highlights Macro & Sector Updates Business Updates Financial Summary 2026 Outlook Appendix VINHOMES JOINT STOCK COMPANY 10 HCMC Property Market – Entering The Growth Phase Condominium: Expansion Zones Drive Growth in New Supply Landed Property: New Supply Eased in 2Q2026 Units Units | VND millio
Slide 11: Business Updates
VINHOMES JOINT STOCK COMPANY 11 Business Updates Vinhomes Royal Island, Haiphong
Slide 12: Infrastructure: Shaping Transit-Oriented Townships to Support National Development
Key Highlights Macro & Sector Updates Business Updates Financial Summary 2026 Outlook Appendix VINHOMES JOINT STOCK COMPANY 12 Infrastructure: Shaping Transit-Oriented Townships to Support National Development Strategic urban connectivity Regional development-enabling Public infrastructure contracti
Slide 13: Infrastructure: Shaping Transit-Oriented Townships (cont'd)
Key Highlights Macro & Sector Updates Business Updates Financial Summary 2026 Outlook Appendix VINHOMES JOINT STOCK COMPANY 13 Infrastructure: Shaping Transit-Oriented Townships to Support National Development (cont’d) Noi Bai International Airport Vinhomes – VinSpeed have been selected as the EPC g
Slide 14: Construction Progress
Key Highlights Macro & Sector Updates Business Updates Financial Summary 2026 Outlook Appendix VINHOMES JOINT STOCK COMPANY 14 Construction Progress VINHOMES GLOBAL GATE HA VINHOMES GREEN PARADISE VINFAST STADIUM LONG • Land reclamation > 76% completed, ahead of • Grandstand structures progressing r
Slide 15: Key Sales Initiatives & Program
Key Highlights Macro & Sector Updates Business Updates Financial Summary 2026 Outlook Appendix VINHOMES JOINT STOCK COMPANY 15 Key Sales Initiatives & Program LOYALTY PROGRAM CEILING INTEREST RATE CAP PROGRAM • Encourage repeat purchases from existing • Improve housing affordability by providing lon
Slide 16: ESG in Action with Regional Industry Recognition
Key Highlights Macro & Sector Updates Business Updates Financial Summary 2026 Outlook Appendix VINHOMES JOINT STOCK COMPANY 16 ESG in Action with Regional Industry Recognition PROJECT ESG STRATEGIES COMMUNITY ACTIVITIES Vinhomes Global Gate Ha Long Happy Friday, No Smoke Pioneering ESG City with ISO
Slide 17: Financial Summary
VINHOMES JOINT STOCK COMPANY 17 Financial Summary Vinhomes Global Gate, Hanoi
Slide 18: 1H2026 Highlights
Key Highlights Macro & Sector Updates Business Updates Financial Summary 2026 Outlook Appendix VINHOMES JOINT STOCK COMPANY 18 1H2026 Highlights Vinhomes Projects BCC Projects2 (Equity Accounting) 1. Revenue from Sale of Inventory • Total Revenue: VND 94.3 trillion • Total Revenue: VND 17.6 trillion
Slide 19: 1H2026 Financial Performance vs. 1H2025
Key Highlights Macro & Sector Updates Business Updates Financial Summary 2026 Outlook Appendix VINHOMES JOINT STOCK COMPANY 19 1H2026 Financial Performance vs. 1H2025 Figures in VND billion 1H2026 1H2025 Change Key Contributors to Performance • Sales from Vinhomes Ocean Park 2, Vinhomes Ocean Park 3
Slide 20: 1H2026 Financial Performance (Vinhomes Projects and BCC Projects)
Key Highlights Macro & Sector Updates Business Updates Financial Summary 2026 Outlook Appendix VINHOMES JOINT STOCK COMPANY 20 1H2026 Financial Performance (Vinhomes Projects and BCC Projects) Figures in VND billion 1H.2026 Adjusted Revenue (Excl. BCC)1 1H.2026 Revenue from BCC Projects2 1H.2026 Tot
Slide 21: 1H2026 Financial Performance Overview
Key Highlights Macro & Sector Updates Business Updates Financial Summary 2026 Outlook Appendix VINHOMES JOINT STOCK COMPANY 21 1H2026 Financial Performance Overview Total Revenue Gross Profit and Gross Profit Margin VND billion VND billion 64.2% 55.6% 37.7% 39.9% 35.0% 29.8% 65.2% 21,699 116,565 47.
Slide 22: 1H2026 Financial Performance Incorporating BCCs and Bulk Sales
Key Highlights Macro & Sector Updates Business Updates Financial Summary 2026 Outlook Appendix VINHOMES JOINT STOCK COMPANY 22 1H2026 Financial Performance Incorporating BCCs and Bulk Sales Total Adjusted Revenue Adjusted Gross Profit and Gross Profit Margin VND billion VND billion 64.7% 60.0% 41.6%
Slide 23: Balance Sheet Overview
Key Highlights Macro & Sector Updates Business Updates Financial Summary 2026 Outlook Appendix VINHOMES JOINT STOCK COMPANY 23 Balance Sheet Overview Total Assets 1,110.7 Inventories 787.7 800,000 VND trillion 431 VND trillion 206.7 720,000 140,000 131.4 640,000 297 130,000 564.2 120,000 560,000 110
Slide 24: Key Credit Metrics
Key Highlights Macro & Sector Updates Business Updates Financial Summary 2026 Outlook Appendix VINHOMES JOINT STOCK COMPANY 24 Key Credit Metrics Net Debt 1 / (Total Assets – Cash & Cash Equivalent 2) Net Debt1 / Equity % % 14.9% 57.1% 15% 50% 12.2% 45% 40% 35.9% 10% 9.1% 8.9% 35% 30% 25% 21.2% 21.3
Slide 25: 1H2026 Debt Profile
Key Highlights Macro & Sector Updates Business Updates Financial Summary 2026 Outlook Appendix VINHOMES JOINT STOCK COMPANY 25 1H2026 Debt Profile Strong balance sheet and robust liquidity position Balanced Debt Mix 1 Diversified Debt Structure 1% 2% Average cost of debt Average debt maturity 10.76%
Slide 26: 2026 Outlook
Key Highlights Macro & Sector Updates Business Updates Financial Summary 2026 Outlook Appendix VINHOMES JOINT STOCK COMPANY 26 2026 Outlook Visible Sustainable Growth Favorable Macro Tailwinds FY2026 Targets • Robust top-line growth is expected to be driven by key • Vietnam is expected to maintain r
Slide 27: Appendix: Additional Information
VINHOMES JOINT STOCK COMPANY 27 Appendix: Additional Information Vinhomes Global Gate, Hanoi
Slide 28: 2Q2026 Financial Performance Overview
Key Highlights Macro & Sector Updates Business Updates Financial Summary 2026 Outlook Appendix VINHOMES JOINT STOCK COMPANY 28 2Q2026 Financial Performance Overview Total Revenue Gross Profit and Gross Profit Margin VND billion VND billion 64.2% 55.6% 37.7% 39.9% 35.0% 32.4% 79.9% 47.2% 55.1% 59.4%
Slide 29: 2Q2026 Financial Performance Incorporating BCCs and Bulk Sales
Key Highlights Macro & Sector Updates Business Updates Financial Summary 2026 Outlook Appendix VINHOMES JOINT STOCK COMPANY 29 2Q2026 Financial Performance Incorporating BCCs and Bulk Sales Total Adjusted Revenue Adjusted Gross Profit and Gross Profit Margin VND billion VND billion 64.7% 60.0% 41.6%
Slide 30: Southern Coast
Key Highlights Macro & Sector Updates Business Updates Financial Summary 2026 Outlook Appendix VINHOMES JOINT STOCK COMPANY 30 Vinhomes My Lam Northern Market Southern Market (~150km from Hanoi) Project LA 930ha (~40km from HCMC) Project HCMC 200ha (~30km from HCMC) Tuyen Quang Project HCMC 880ha (~
Slide 31: Investor Relations Department
VINHOMES JOINT STOCK COMPANY 31 Investor Relations Department Vinhomes Joint Stock Company Symphony Office Tower, Chu Huy Man Street, Vinhomes Riverside Urban Area, Phuc Loi Ward, Hanoi, Vietnam Tel: +84 (24) 3975 5899 ext. 3982 Website: https://vinhomes.vn/en/ir E-mail: [email protected]
Vinhomes Joint Stock Company — Q2 2026 Earnings Presentation on 6ix