Vingroup Joint Stock Company · HOSE:VIC

Vingroup Joint Stock — Investor Presentation (November 2023)

42 slides from Vingroup Joint Stock's investor presentation, November 2023

  1. Slide 1: Vingroup Corporate Presentation

    Vingroup Corporate Presentation November 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 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 * 2001-Vinpearl Launch * 2002 - Vinc

  7. Slide 7: Corporate Structure

    CORPORATE PRESENTATION Corporate Structure Industrials & Technology” 99.6% , s, Battery Cell Technology ‘ VinES Development and Manufacturing (_) Entities listed on HOSE () Entity listed on NASDAQ g percentages presente 38S, in which Vingroup hold | Services H ? USD 8.4 billion’ H 69.3% vinHomes Rea

  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? 45 CAMPUSES UNDER OPERATION IN 5 PROVINCES, MUNICIPALITIES 45,000 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 239 buses and operatin

  11. Slide 11: 2. Key Competitive Advantages

    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 Business

  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: Strong Macro Tailwinds

    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 = S & a Indonesia Philippines Fastest Growing Middle-Income Segment in SEA Middle inc

  14. Slide 14: Comprehensive Mobility Ecosystem with 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 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 @ sp HB E-Buses SN Achieve #1 market share in Vietnam! Hi E

  19. Slide 19: Highly-Automated and Integrated Manufacturing Facilities

    2.2 UNPARALLELED EXECUTION CAPABILITIES IN NEW BUSINESS SECTORS Highly-Automated and Integrated Manufacturing Facilities On-site Integrated Supplier Park System in Vietnam Helps Lower Sourcing and Inventory Costs of Key Components Local Sourcing Select On-site Global Tier 1 Partners Key Benefits ern

  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 VW umf USD 8.2 billion VIMFAST pegs. ‘ Invested to ‘ . Datel onsheuse | “Capabite

  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 d . % % 9 29 Wwroopsanow USD 27 billion sxcrmo° 9 464,000 seretesnsne ewan USD 8

  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 Be EAS EN ’ VINCOM CENTER (16% of total GFA) VINCOM MEGA MALL (29% of total GFA) 44 out of 63 CITIES, PROV

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

    OWNER, AND OPERATOR ted Hospitality Platform with Premium Resorts & Hotels MINANT INTEGRATED REAL ESTATE DEVELOPERS, Vinpearl - The Leading Integ x ¢ = ¢ > | : Vinwonders VINPEARL 2 Valse 30 7 14,831 c.4.0 milliong 6 5.2 million 4 concepts 4 Destinations Annual visits* Water Park, Golf courses World

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

    CORPORATE PRESENTATION 2.4 Largest Ecosystem in Vietnam with Market seeictsalle) Across Multiple Businesses Fe

  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 > 1PM 9AM « + Le

  27. Slide 27: Leveraging Data Analytics for Deep Behavioral Understanding

    2.4 LARGEST ECOSYSTEM IN VIETNAM WITH MARKET LEADERSHIP ACROSS MULTIPLE BUSINESSES ea Leveraging Data Analytics for Deep Behavioral Understanding and Continual Improvement of Platform Offerings “Vingrain EVinN ‘wy Vinsiopata Data Analytics CONSUMER DATA CONSUMER PREFERENCES Personalized Services & P

  28. Slide 28: 2.5 Prudent Financial Policies And Strong Financial Position

    2.5 Prudent Financial Policies And Strong Financial Position

  29. Slide 29: Prudent Financial Policies and Strong Financial Position

    2.8 PRUDENT FINANCIAL POLICIES AND STRONG FINANCIAL POSITION 29 Prudent Financial Policies and Strong Financial Position Liquidity * Minimum cash balance of USD 700 million or above to avoid liquidity risk. management * Only Vietnamese issuer with access to multiple sources of capital, including dom

  30. Slide 30: 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

  31. Slide 31: • • • • • • • • • • • • • •

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

  32. Slide 32: 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 Ms. Le Thi Thu Thuy 23 yes experience 16+ yrs with Vingroup Vv Mr. Michael Johnson Deputy Chief Executive Officer, Global Manufacturi

  33. Slide 33: 3. Macroeconomic Update

  34. Slide 34: Vietnam's Accelerating Economic Growth and Flexible Monetary Policies

    CORPORATE PRESENTATION In the Midst of Global Headwinds, Vietnam’s Accelerating Economic Growth And Flexible Monetary Policies Are Expected to Sustain Recovery Vietnam’s economy growth accelerated in 3Q2023, driving FY2023 GDP. growth to perform relatively better than SEA peers Vietnam 2023 FY2023 G

  35. Slide 35: 4. Financial Highlights

    4. Financial Hi

  36. Slide 36: 33,892 99,058 43,777 84,888 46,661 84,156 34,474 53,544 44,687 105,935

    33,892 99,058 43,777 84,888 46,661 84,156 34,474 53,544 44,687 105,935

  37. Slide 37: Segment Revenue Performance

    3Q2023 EARNINGS PRESENTATION a Segment Revenue Performance Property Sales! VND billion Leasing VND billion Hospitality & Entertainment Services? VND billion 9M2023 vs. 9M2022: 2.0x 9M2023 vs. 9M2022: +22.0% 9M2023 vs. 9M2022: +21.3% 7,669 9,058 105,988 6,662 6730 5,909 6,002 84,888 84,156 5,368 5,51

  38. Slide 38: 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)

  39. Slide 39: Balance Sheet Highlights

    3Q2023 EARNINGS PRESENTATION 39 Balance Sheet Highlights (1) Debt! 2.5/ EBITDA‘ Total Assets & Total Equity VND billion Breakdown of Total Assets % 8.1% 7.9% 9.6% 10.7% 37x 3.2x 3.3x 2x 625,387 3.0x 3.0x 877,407 VND 625 trillion 2.5x ox 24x 3x 423,341 428,384 401,186 159,572 ™ Property sale neaaa fp

  40. Slide 40: ,000 ,000 ,000 ,000 ,000 ,000 ,000 ,000 –

    ,000 ,000 ,000 ,000 ,000 ,000 ,000 ,000 –

  41. Slide 41: Leverage, Coverage and Other Ratios

    3Q2023 EARNINGS PRESENTATION Leverage, Coverage and Other Ratios LTM2023 as at Sep 2023 LTM2023 as at Jun 2023 Change Leverage ratios Net debt!?/ EBITDA? 3.2x 3.x O.1x Net debt!?/ (Total assets - cash & ST investments’) 27.1% 26.7% 45 Bps Coverage ratios Recurring revenue / Interest expense® 3.8x 42

  42. Slide 42: Company Information

    3Q2023 EARNINGS PRESENTATION Company Information Vingroup Joint Stock Company (“Vingroup”), Vinhomes Joint Stock Company (“Vinhomes”), and Vincom Retail Joint Stock Company ‘s combined market capitalization: USD 18 billion as at 30 September 2023. Vingroup today bases its strategy on the principles

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