Vingroup Joint Stock Company · HOSE:VIC

Vingroup Joint Stock — Investor Presentation (August 2023)

43 slides from Vingroup Joint Stock's investor presentation, August 2023

  1. Slide 1: Vingroup Corporate Presentation

    Vingroup Corporate Presentation August 2023

  2. Slide 2: Important Notice

    CORPORATE 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 “Comp

  3. Slide 3: Table of Contents

    CORPORATE PRESENTATION Table of Contents About Vingroup Key Competitive Advantages Macroeconomic Update 2023 Outlook Financial Highlights VinFast Electric Vehicle ~ VF 7

  4. Slide 4: 1. About Vingroup

  5. Slide 5: • • • • • 17% 6% 5% 1% 8% • • • •

    • • • • • 17% 6% 5% 1% 8% • • • • • • 53% • • • • •

  6. Slide 6: Track Record of Developing New Businesses Into Market Leaders

    CORPORATE PRESENTATION Track Record of Developing New Businesses Into Market Leaders Total Assets (USD billion)? USD 5.5 billion raised through equity transactions in the last 4 4 years! + 1993 Technocom was set up + 2000 - Technocom-Vingroup returned to Vietnam Sector Core Businesses Position * 200

  7. Slide 7: Corporate Structure

    CORPORATE PRESENTATION Corporate Structure Industrials & Technology” H 51.5% Green Mobility 51.0% _ i. Battery Cell Technology Development : VinES and Manufacturing () Entities listed on HOSE at ich Vin USD 8,9 billion! H Real Estate Development and Services H ? USD N6billion’ H 69.3% vinHomes Real

  8. Slide 8: ● ● ● ● ● ● ● ● ● ● ● ● ● ●

    ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ● ●

  9. Slide 9: Vingroup and The Founders' Efforts "For a Better Life of People"

    CORPORATE PRESENTATION Vingroup and The Founders' Efforts “For a Better Life of People” 4 _ VINMEC Rs VINSCHOOL High-quality K-12 school system. An incubator of talent and largest private education system in Vietnam? 43 CAMPUSES UNDER OPERATION IN 5 PROVINCES, MUNICIPALITIES 43,000 STUDENTS Sd VINUN

  10. Slide 10: Vingroup and The Founders' Efforts "For a Better Life of People" (cont.)

    CORPORATE PRESENTATION Vingroup and The Founders’ Efforts “For a Better Life of People” (cont.) _f viNBUS ‘A modern, smart electric bus fleet equipped with essential technologies, safety features available for the first time in Vietnam. VinBus has presence in three cities with >250 buses and operati

  11. Slide 11: 2. Key Competitive Advantages

    ean 2. Key Competitive Advantages Favorable Macro-Economics in Vietnam and Across All Consumer Industries Unparalleled Execution Capabilities in New Business Sectors Dominant Integrated Real Estate Developer, Owner and Operator Largest Ecosystem in Vietnam with Market Leadership Across Multiple Busi

  12. Slide 12: 2.1 Favorable Macro Economics in Vietnam and Across All Consumer Industries

    CORPORATE PRESENTATION 2.1 Favorable Macro Economics in Vietnam and Across All Consumer Industries

  13. Slide 13: Favorable Macro-Economics in Vietnam and Across All Consumer Industries

    2.1 FAVORABLE MACRO-ECONOMICS IN VIETNAM AND ACROSS ALL CONSUMER INDUSTRIES Strong Macro Tailwinds Fastest Growing Economy in Southeast Asia Real GDP growth 2022E -2024E CAGR (%) 6.9% Thailand Malaysia Vietnam: g 5 = & & a Indonesia Philippines Fastest Growing Middle-Income Segment in SEA Middle inc

  14. Slide 14: Comprehensive Mobility Ecosystem with Strategic Focus on High Growth Segments

    2.1 FAVORABLE MACRO-ECONOMICS IN VIETNAM AND ACROSS ALL CONSUMER INDUSTRIES Comprehensive Mobility Ecosystem with Strategic Focus on High Growth Segments... VinFast’s Planned Vehicle Lineup Targets the ..With Features and a Price Point that Target Both ICE and EV Markets Highest Growth Passenger Veh

  15. Slide 15: Consumer Spending to Grow Across Vingroup's Key Consumer Segments

    2.1 FAVORABLE MACRO-ECONOMICS IN VIETNAM AND ACROSS ALL CONSUMER INDUSTRIES Consumer Spending to Grow Across Vingroup’s Key Consumer Segments Healthcare - Increasing Household Education - Increasing Household Tourism - Domestic And International Healthcare Expenditure from Aging Education Spending a

  16. Slide 16: Experiencing Favorable Geopolitical Shifts

    2.1 FAVORABLE MACRO-ECONOMICS IN VIETNAM AND ACROSS ALL CONSUMER INDUSTRIES %6 Experiencing Favorable Geopolitical Shifts Substantial total investment as % of GDP Stable FDI flow + Beneficiary of global supply chain disruption due to (2023 forecasted) Total disbursed FDI (USD billion) geopolitical s

  17. Slide 17: 2.2 Unparalleled Execution Capabilities in New Business Sectors

    2.2 Unparalleled . Execution Capabilities in New Business Sectors

  18. Slide 18: Proof of Our Execution: Making the Impossible(s) Possible

    2.2 UNPARALLELED EXECUTION CAPABILITIES IN NEW BUSINESS SECTORS Proof of Our Execution: Making the Impossible(s) Possible In-Production Platforms by Year? (# of models) Build a world-class automotive OEM in (GZ) Vietnam IE Electric Vehicles @ ap HB E-Buses SN Achieve #1 market share in Vietnam! Hi E

  19. Slide 19: We Solve the Critical Issues Facing the EV Industry

    2.2 UNPARALLELED EXECUTION CAPABILITIES IN NEW BUSINESS SECTORS 9 We Solve the Critical Issues Facing the EV Industry MISCONCEPTION REAL ISSUE MISCONCEPTION REAL ISSUE MISCONCEPTION REAL ISSUE & ® G * @® © ® «¢ Demand Supply Engineering Execution EV Adoption Economics

  20. Slide 20: Access to Extensive Network of Global Technologies

    2.2 UNPARALLELED EXECUTION CAPABILITIES IN NEW BUSINESS SECTORS Access to Extensive Network of Global Technologies Development Capabilities Strengthened by Shared Expertise of Vingroup and Global Partners Professionals iY S Wo mf USD 9.3 billion VINFAST Leading Invested to + Development Datel onsheu

  21. Slide 21: 2.3 Dominant Integrated Real Estate Developer, Owner, and Operator

    2.3 Dominant Integrated Real Estate Developer, Owner, and Operator THE 1;200-HA “OCEAN DISTRICT” OF HANOI'S EASTERN RESIDENTIAE MARKET

  22. Slide 22: Vinhomes - Premium Integrated Offerings of Apartments, Villas and Shophouses

    2.3 DOMINANT INTEGRATED REAL ESTATE DEVELOPERS, OWNER, AND OPERATOR 22 Vinhomes - Premium Integrated Offerings of Apartments, Villas and Shophouses With Market Leading in All Segments That Vinhomes Has Products to Offer URBAN COMPLEXES PUT RESIDENTIAL UNITS PRE-SOLD 9 9 INTO OPERATION: SINCE 2010" -

  23. Slide 23: Vincom Retail - Dominant Retail Mall Player

    2.3 DOMINANT INTEGRATED REAL ESTATE DEVELOPERS, OWNER, AND OPERATOR 23 Vincom Retail - Dominant Retail Mall Player With Best-In-Class Locations Nationwide All-in-one Multi - Format Retail Malls SHOPPING - DINING - ENTERTAINMENT . Vincom Center (16% of total GFA) Vincom Mega Mall (29% of total GFA) D

  24. Slide 24: Vinpearl - The Leading Integrated Hospitality Platform

    OWNER, AND OPERATOR MINANT INTEGRATED REAL ESTATE DEVELOPERS Vinpearl - The Leading Integrated Hospitality Platform with Premium Resorts & Hotels x ¢ = ¢ = | Y 7 =Wonde VINPEARL z Vaaivenstans VinpeariGo §.2 million 4 concepts 4 32 aa 15,400 4.2 million Destinations Annual visits* Water Park, Night

  25. Slide 25: 2.4 Largest Ecosystem in Vietnam with Market Leadership Across Multiple Businesses

    CORPORATE PRESENTATION 2.4 Largest Ecosystem in Vietnam with Market Leadership | Across Multiple Businesses YP geese ari

  26. Slide 26: Largest Ecosystem in Vietnam With Market Leadership Across Multiple Businesses

    2.4 LARGEST ECOSYSTEM IN VIETNAM WITH MARKET LEADERSHIP ACROSS MULTIPLE BUSINESSES 26 La rgest Ecosystem in Vietnam Book hotel/ enteptinment services With Market Leadership Across Multiple Businesses + The only company in Vietnam with extensive presence across the consumer ecosystem a 1PM 9AM « + Le

  27. Slide 27: 2.5 Prudent Financial Policies and Strong Financial Position

    CORPORATE PRESENTATION oa 2.5 PR And

  28. Slide 28: Prudent Financial Policies and Strong Financial Position

    2.8 PRUDENT FINANCIAL POLICIES AND STRONG FINANCIAL POSITION 28 Prudent Financial Policies and Strong Financial Position Liquidity * Minimum cash balance of USD 700 million or above to avoid liquidity risk. As at 30 June 2023, Vingroup’s cash balance was management USD 1 billion! * Only Vietnamese i

  29. Slide 29: Global Reputation and Good Execution Helped Attract Top-Tier International Investors

    2.8 PRUDENT FINANCIAL POLICIES AND STRONG FINANCIAL POSITION Global Reputation and Good Execution Helped Attract Top-Tier International Investors Sovereign Wealth Funds cic TEMASEK Strategic Partners & Joint Ventures see Quanwne @LGChem Private Equity KKR_ Warsurc Pincus Other investors/ capital emp

  30. Slide 30: • • • • • • • • • • • • • •

    • • • • • • • • • • • • • • • • • • • • • • • • • • • • •

  31. Slide 31: Committed to International Corporate Standards

    2.8 PRUDENT FINANCIAL POLICIES AND STRONG FINANCIAL POSITION Committed to International Corporate Standards 1. Seasoned Management Teams for Every Business Segment Vv Vv Ms. Le Thi Thu Thuy BEE enaging Director & Global C£O 23+ yrs experience 15+ yrs with Vingroup. e Y Mr. Michael Johnson Deputy Chi

  32. Slide 32: 3. Macroeconomic Update

  33. Slide 33: Vietnam Maintains Stable Growth Momentum With Favourable Near-Term Outlook

    CORPORATE PRESENTATION 33 Vietnam Maintains Stable Growth Momentum With Favourable Near-Term Outlook Amid Challenging Global Economic Environment 22023 GDP growth recorded 4.1%, accelerating for the first time in three quarters. State Bank of Vietnam continued with a series of interest rate cuts to

  34. Slide 34: 4. 2023 Outlook

  35. Slide 35: Outlook

    CORPORATE PRESENTATION 2023 Outlook e Industrials and Technology + VinFast to (1) Accelerate EV sales volume and delivery of VF 8 and VF 9 in North America, and implement global marketing campaign by opening more stores in target geographies, (2) Scale vehicle production to ensure timely delivery of

  36. Slide 36: 5. Financial Highlights

  37. Slide 37: 33,892 99,058 43,777 84,888 46,661 84,156 22,349 25,804 26,919 75,609

    33,892 99,058 43,777 84,888 46,661 84,156 22,349 25,804 26,919 75,609

  38. Slide 38: Segment Revenue Performance

    2Q2023 EARNINGS PRESENTATION Segment Revenue Performance Property Sales! 1H2023 vs. 1H2022: +2.9x 99,058 84,888 84,156 2020 2021 2022 Healthcare CARG (2020-2022): 27.0% 12028 vs. 1H2022: +9.7% 4317 2,675 2,778 2020 2021 2022 25,804 12022 1,881 12022 VND billion 78,609 12023 VND billion 2,063, 12023

  39. Slide 39: 7,000 5,000 3,000 1,000 (1,000) (3,000) (5,000) 300 100 (100) (300)

    7,000 5,000 3,000 1,000 (1,000) (3,000) (5,000) 900 700 500 300 100 (100) (300)

  40. Slide 40: Balance Sheet Highlights (1)

    2Q2023 EARNINGS PRESENTATION 40 Balance Sheet Highlights (1) Debt! 2.5/ EBITDA‘ Total Assets & Total Equity Breakdown of Total Assets VND billion % 8.1% 7.9% 9.6% 10.1% 35x 3.5x 3.2x 607,981 3.0K 3.0x Sax 577,407 8x VND 608 trillon 2.x 24x 3x 423,341 428,384 136,365 59.572 135,655 137,706 m Property

  41. Slide 41: Balance Sheet Highlights (2)

    2Q2023 EARNINGS PRESENTATION a Balance Sheet Highlights (2) Total Debt Breakdown By Type Total Debt Breakdown By Currency Total Debt Breakdown By Interest Rate % % % International bond Fixed 14.0% 35.5% Domestic bond 20.0% VND Bank loans 55.2% usD 218% 44.8% VND 186 VND 186 VND 186 Other illi trilli

  42. Slide 42: Leverage, Coverage and Other Ratios

    2Q2023 EARNINGS PRESENTATION Leverage, Coverage and Other Ratios LTM2023 as at June 2023 LTM2023 as at March 2023 Change Leverage ratios Net debt? / EBITDA? 3.x 3.2x (0.1)x Net debt!?/ (Total assets - cash & ST investments’) 26.2% 27.5% (130) Bps Coverage ratios Recurring revenue / Interest expense®

  43. Slide 43: Company Information

    CORPORATE PRESENTATION Company Information Vingroup Joint Stock Company (“Vingroup”), Vinhomes Joint Stock Company (“Vinhomes”), and Vincom Retail Joint Stock Company ‘s combined market capitalization: USD 23 billion as at 31 July 2023. Vingroup today bases its strategy on the principles of sustaina

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