2022.03.30 Vingroup Corporate Presentation Final
2022.03.30 Vingroup Corporate Presentation Final
2022.03.30 Vingroup Corporate Presentation Final
Corporate Presentation
March 2022
2
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 “Company”) and its subsidiaries (the “Group”). You should not rely upon it or use it to form the basis for any
investment decision or commitment whatsoever.
None of the Company, its shareholders, or any of their respective affiliates, directors, officers, employees, agents, advisers or any other person makes any representation or warranty
(express or implied) or accepts any responsibility or liability for the accuracy or completeness of this presentation or any or all of the information in this presentation or otherwise made
available. It is not the intention to provide, and you may not rely on these materials as providing, a complete or comprehensive analysis of the financial or trading position or prospects of the
Group. No part of this presentation shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. Further, nothing in this presentation should be
construed as constituting legal, business, tax or financial advice. You should conduct such independent investigations and analysis of the Group as you deem necessary or appropriate in
order to make an independent determination of the suitability, merits and consequences of investment in the Company.
This presentation contains “forward-looking statements”. These forward-looking statements involve known and unknown risks and uncertainties, many of which are beyond the Company’s
control and all of which are based on management’s current beliefs and expectations about future events. Forward-looking statements are sometimes identified by the use of forward-
looking terminology such as “believe”, “expects”, “may”, “will”, “could”, “should”, “shall”, “risk”, “intends”, “estimates”, “aims”, “targets”, “plans”, “predicts”, “continues”, “assumes”,
“positioned” or “anticipates” or the negative thereof, other variations thereon or comparable terminology. These forward-looking statements include all matters that are not historical facts.
Forward-looking statements are not guarantees of future performance. These forward-looking statements speak only as at the date of this presentation, and none of the company, its
shareholders, or any of their respective affiliates, directors, officers, employees, agents, advisers or any other person undertakes to update or revise any forward-looking statements as a
result of new information or to reflect future events or circumstances.
Table of Contents
1 About Vingroup
2 Key Competitive Advantages
3 COVID-19 Update
#1 #1
Vingroup businesses are categorized into
Mobility, Sustainable Energy Real Estate Development & Smart City Solutions
three pillars:
Vinhomes luxury, high-end and mid-range integrated residential and commercial projects
VinFast cars and e-motorcycles designed and manufactured to international standards • c. 39,200 residential retail units sold in 2021
• Industrials & Technology • c. 35,700 cars and 42,000 electric scooters sold in 2021 Smart city, smart home, IoT
• Pioneered the smart city concept in Vietnam, and the first in SEA to implement
• Real Estate & Services comprehensive smart city of this mega scale, providing an unrivalled experience to
residents
• Vinschool high-quality K-12 school system Vincom “all-in-one” shopping, entertainment and dining
• VinUniversity university and post-graduate education retail malls
• 40 Vinschool campuses under operation in 5 Largest
Ecosystem
provinces and municipalities • 80 retail malls in operation
in Vietnam
Data Technology
#1 #1
Source: Oxford Economics, Company information. Company data as at 31 Dec 2021, unless otherwise stated. (#) ranking based on market share. (1) Vinmec hospitals were ranked among Top 1 or Top 2 on quality indicators that are set and assessed annually by the Ministry of Health
(2) Includes rooms Vinpearl manages for other developers
6
(1)
1.5% Nationwide operations
of nominal GDP in 62/63 provinces and municipalities
contributed by consolidated revenue of
Vingroup companies in 2021
(4)
11.9% (3) 41,500 employees
of VN Index (4) Largest private Vietnamese corporate employer
(3)
US$32.3bn
combined market cap
& Technology
Mobility, Battery &
Industrials
(3)
Automotive #1
Components
8.6
Social Enterprises
7.4 Healthcare #1 (7)
5.9
1993 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
3 4 5
STAGE
STAGE
Delivered core offerings with #1 Real Estate #1 Mobility #1 Healthcare
1 market leadership Development
Corporate Structure
US$12.9bn(1)
US$14.8bn (1)
Kind-heart
N/A
Foundation(4)
N/A VinFuture(5)
Entities listed on HOSE
Note: All shareholding percentages presented are based on Vingroup’s effective interest as at 31 Dec 2021. (1) Indicates market capitalization of the listed entity as at 28 Feb 2022. USDVND exchange rate of 22,815 (2) Other companies under Vingroup’s Industrial and Technology segment
include VinAI, VinBigData, Vantix, VinBrain, VinHMS and VinCSS, in which Vingroup holds effective interests of 64.75-100%. (3) VinBus operates entirely under a non-profit model, in order to contribute to building a civilized and modern public transport, reducing air and noise pollution for
Vietnam's major cities (4) Kind-heart Foundation is a charity fund which has been sponsored by Vingroup and its founders and senior management. From 2022, 90% sponsorship will be contributed by Vingroup founders and senior management (5) VinFuture was founded by the Chairman
and his family to further the mission of creating positive change in the lives of people through science and technology.
Key Competitive
Advantages
1 Favourable Macro-Economics in Vietnam and Across All Consumer Industries
1. Favorable Macro-Economics
in Vietnam and Across All
Consumer Industries
12
5.6% 20.0%
5.0% 6.2%
36.2% 17.0%
4.4% 16.0%
14.0%
3.5% 4.5%
3.2%
2.7%
0.7%
0.5%
Philippines
Malaysia
Indonesia
Singapore
Thailand
Vietnam
Malaysia
Indonesia
Singapore
Thailand
Philippines
Vietnam
Malaysia
Indonesia
Vietnam
Singapore
Thailand
Philippines
Philippines
Malaysia
Indonesia
Singapore
Thailand
Vietnam
Source: Euromonitor, Oxford Economics, EIU, CEIC, Bain, Temasek, Google. Information published in Feb 2022
Note: Exchange rates are based on historical exchange rates in respective years as provided by EIU. (1) Middle income population defined as households with disposable income of more than US$10,000 per annum.
13
Robust Growth Expected for Car Ownership in Vietnam and EVs Globally
1. Significantly Low Car Penetration 3. VinFast EVs positioned to penetrate both international EV and ICE
2021 car ownership per 1,000 people segments with our product offering
14.8x
North America (US & Canada)
472.0
23x
VinFast target markets (2026E)(1)
3.9x 4.0x
2.1x
1.3x 126.0 128.0
68.1
32.0 42.2 3x
EV market size (2026E) (1)
Vietnam Philippines Indonesia Thailand Singapore Malaysia 1x
EV market size (2022E) (1)
Number of times the car ownership in Vietnam
Europe2
2. Leading To Substantial Growth In The Passenger Car Market 6x
Vietnamese car market projection (‘000 units/year) VinFast target markets (2026E) (1)
287.8 2x
269.2 EV market size (2026E) (1)
250.0
230.7
204.9 1x
EV market size (2022E) (1)
Source: EIU, World Bank, International Organization of Motor Vehicle Manufacturers.(1) Market size analysis based on vehicle segments C, D and E; (2) 2026E market size of VinFast's addressable segments in phase 1 and phase 2 countries
14
Healthcare - Increasing Household Education - Increasing Household Tourism - Domestic And International
Healthcare Expenditure From Aging Education Spending As More Families Tourist Arrivals Increasing At A Rapid
Population And Rising Disposable Income Can Afford Quality Education Pace
Household Healthcare Expenditure (US$bn) Household Education Expenditure (US$bn) Arrivals (mm)
13.5 52.9
16.1
12.8
14.7 12.1 45.4
13.3 11.3
12.1 10.4
9.8 36.6 27.7
10.8
9.7 23.5
19.1
21.8
13.0
25.2
8.8 21.9
17.5
3.4 3.9
0.2 8.8
3.2 4.9
2021A 2022E 2023E 2024E 2025E 2026E 2021A 2022E 2023E 2024E 2025E 2026E 2021A 2022E 2023E 2024E 2025E 2026E
Source IMF, International Financial Statistics, General Statistics Office of Vietnam, Oxford Economics, World Bank
15
• Beneficiary of global supply chain disruption Substantial total investment as % of GDP Stable FDI flow
due to geopolitical shifts (2021 Actual) Registered FDI (US$ bn)
15.5
16.1 15.9
20 20
Increasing migration and expansion of global
20
10
The 1st OEM in the World to Completely Cease ICE Productions by the End of 2022 and
Transform to EV-Only Company
PHASE 1 PHASE 2 PHASE 3
VF 8 VF 6 VF 7
(D-segment) (B-segment) (C-segment)
EV VF 9
VF e34 Future sedan Other future
(E-segment) models/
model
derivatives
VF 5
EV (A-segment)
PORTFOLIO
E-motorcycles
Klara Impes Ludo Theon Feliz Klara-A2 Tempest New e-motorcycle models New e-motorcycle models
E-Bus
VinBus U.S. / EU e-buses
ICE
Fadil Lux A2.0 Cessation of ICE production to become pure
PORTFOLIO President V8
EV manufacturer by the end of 2022
Lux SA2.0
Source: Company information as at 31 Dec 2021. EV= Electric Vehicle. ICE = Internal Combustion Engine
18
Proven Track Record in Capturing #1 Market Share in Vietnam Across All Present Segments
Fadil – Vietnam’s best-selling model in 2021 Lux A2.0 – Car of the year by Car Awards 2021
78%
55%
18 months to reach
18 months to reach #1 position
#1 position
1 #1 in premium mid-size sedans
1 A-segment hatchbacks
1Q2021 2Q2021 3Q2021 4Q2021
1Q2021 2Q2021 3Q2021 4Q2021
89%
27%
Source: Figures are rounded to the nearest thousand. Based on VAMA and Company information in 4Q2021. Note: E-segment sedans include VinFast Lux A, Mercedes E-Class, BMW Series-5, Volvo S90, Audi A6, Jaguar XF. E-segment SUVs include VinFast Lux SA, Porsche Cayenne,
Porsche Cayenne S, Mercedes-Benz GLE, Audi Q5, BMW X5, BMW X6, Range Rover Velar, Range Rover Sport, Land Rover Discovery, Land Rover Discovery Sport, Lexus GX, Jaguar F-Pace
19
World-Class Automated Manufacturing Facilities to Meet Fast Growing Smart EVs Demand
The most modern factory in Vietnam and the newest, biggest Established supply chain and partnerships with industry leaders, built
automated manufacturing facility in ASEAN up extensive distribution network for both automobiles and
e-motorcycles in record time (launched 3 ICE car models after 18
300,000 12 months 335 hectares months)
(1)
cars / annum construction time total area
Lithium ion battery Electrification
World-class, fully accredited manufacturing facility
Automobiles / E-Motorcycles
Integrated development capability Fully utilized the smart device research and manufacturing capability in the ecosystem with
c.1,700 R&D engineers(1)
Experience Design
Electrification
Industrial Design Big Data
Industrial Technology
Capabilities Consumer Electronics
Advanced research institutes
Note: (1) Including VinFast, VinBigData, VinAI, VinCSS, VinHMS, VinBrain, VinITIS
21
TOTAL LANDBANK
168 mn 80 17,700
sqm of site area
Malls under operation Total rooms in hotels and beach
villas(5)
Source: CBRE. Company information, unless otherwise stated (1) Including four Vinpearl Golf courses, four VinWonders amusement parks, one Safari, one entertainment and education complex for children and two F&B and ancillary entertainment service areas
23
(1)
Land Acquisition • Ability to secure the best land banks in Vietnam
US$22.9bn total addressable
market per annum
Property
• Strong after sales service and management of facilities
Management
Source: Company information. (1) For condominium market only; based on CBRE condominium demand model and annual condominium demand of c.186,000 units in 2022F at an assumed price of US$127,000 per unit. (2) JLL report as at March 2018. Percentages shown exclude 30.8%
of households within the segment of household below affordable. Segments include households within the respective income ranges: Luxury (more than US$85k), Premium (US$55k – US$85k), Mid-end (US$25k – US$55k), Affordable (US$10k – US$25k) and Below Affordable (below
US$10k). (3) Based on net saleable area.
24
• In-principle investment approval • Government is responsible for Collection of cash based on the construction progress
• Project master plan site clearance (2) (totaling up to 70% of purchase price for Vietnamese
• Receive land allocation to developers; up to 50% for foreign developers)
• Environmental assessment
begin construction
• Project design
• 95% of purchase price must be paid before being issued the land
Payment of estimated land use
use right certificate (LURC)
and rental fee(1)
• Full payment will be collected thereafter
Expansion into Industrial Real Estate to Capitalize on the Attractive Sector Tailwinds
Leveraging Vinhomes’ Expertise in Sourcing/ Acquiring Land as Additional Pillar of Vinhomes’ Medium Term Strategy to Diversify
well as Real Estate Development and Increase Recurring Revenue and Provide More Avenues for
Vinhomes’ Superior Industrial Real Estate End-to-end Value Chain Capital Recycling
Diversification Across the 3 Segments
• 3 Vincom+
Central Vietnam – 20
• 13 Vincom Plazas
• 7 Vincom+
~1.7 million m2 retail GFA
Premium Hospitality Portfolio at Vietnam’s Most Coveted Locations Integrated Lodging and Entertainment Portfolio of 5+ Star Brands
TOTAL: 46 PROJECTS(1)
DA NANG & QUANG NAM
Rooms 2,625 Group of
Affluent/ Silver Business
Facilities 5 Quang Ninh Family Families/Friends/
Lang Son Hair Travelers
Brands Vinpearl Luxury Hai Phong
Mass
present Vinpearl Resorts Ha Nam
Cua Hoi
Ha Tinh 5+ Stars
Rooms 6,387
Hue (*)
Facilities 8 DA NANG
Hoi An
present Vinpearl Resorts
Vinpearl Discovery RESORTS & HOTELS
Vinpearl Condotel
NHA TRANG
3 Stars
PHU QUOC
Tay Ninh
Rooms 5,534 PHU QUOC
HCMC
Facilities 7 Can Tho
Brands Vinpearl Resorts
present Vinpearl Discovery
VinOasis Others
VinHolidays (*) Meliá Vinpearl
Source: Company information. (1) The number of total current projects includes four Vinpearl Golf courses, four VinWonders amusement parks, one Safari, one entertainment and education complex for children and two F&B and ancillary entertainment service areas
28
Leveraging Data Analytics for Deep Behavioral Understanding and Continual Improvement
of Platform Offerings
Data
CONSUMER DATA Analytics CONSUMER PREFERENCES
Smart Solutions
Customer Product
Touchpoints Enhancements
Superior ecosystem experience based on unified & Solutions
Lifestyle and
customer profiles Convenience
Connectivity
Dr.AidTM
Superior Brand Equity Fosters Consumer Trust and Lower Customer Acquisition Costs
Vinhomes – VinFast
Vingroup Vinpearl
Vincom Retail
Top 2 local brand Top 10 Brand “A Star is Born” Award Top 10 Five-star Hotels Vietnam
Nielsen 2020 Forbes Vietnam 2020 Auto Best 2018 Tourism Awards 2018
…serves as a launch pad for new products to gain immediate recognition and access to a large customer base
Close to 5.1 million subscribers and members on YouTube and Facebook fan groups respectively Pre-order volume
4,000
Mê Xe Tipcar TV Xế Cưng VF e34 pre-orders within 12 hours
214,000 323,000 312,000
subscribers subscribers subscribers 62 1.3 mn 25,000
Dedicated
fan groups
Members VF e34 pre-orders within 3 months
Autodaily.vn Autobikes Vietnam XE HAY
648,000 249,000 2.1mn
subscribers subscribers subscribers 24,000
VF 8 & VF 9 pre-orders within 48 hours
Source: Company information as at 31 Dec 2021
33
Staggered debt • Well-staggered debt maturity profile with preference towards longer dated tenors
maturity • Balanced mix of USD and VND denominated borrowings
• Regular risk management reviews and discussion with senior management before major refinancing exercise or new product launch
Risk
management • Established a prudent investment mechanism, taking into consideration of compatibility with corporate strategy, investment return,
business synergy, with approval from the Board and Investment Committee
Prudent and • Prudent and flexible dividend policy subject to Vingroup’s growth plans, investment requirements and relevant financial covenants
flexible dividend • Vingroup has not paid cash dividend since 2015. We do not expect to pay significant cash dividends in the near term given our growth and
policy
investment plans
Global Reputation and Good Execution Helped Attract Top-Tier International Investors
Private Internal
Markets Cash flow
Private Equity International Debt Capital Markets
Ms. Pham Thuy Hang Ms. Pham Thu Huong Mr. Nguyen Viet Quang Ms. Nguyen Dieu Linh
Vice Chairwoman of the Board Vice Chairwoman of the Board Vice Chairman of the Board cum CEO Vice Chairwoman of the Board
Mr. Adil Ahmad(1) Mr. Michael Chin Jeawuk(2) Mr. Ronaldo Dy-Liacco Ibasco(3) Mr. Park Woncheol(4)
Independent Board Member Independent Board Member Independent Board Member Board Member
Senior Management
Ms. Thai Thi Thanh Hai Ms. Le Thi Thu Thuy Ms. Le Mai Lan Mr. Le Khac Hiep
• Vingroup Vice Chairwoman • Vingroup Vice Chairwoman • Vingroup Vice Chairwoman • Vingroup Vice Chairman
• 27+ yrs experience • 25+ yrs experience • 24+ yrs experience • 28+ yrs experience
• 7+ yrs with Vingroup • 13+ yrs with Vingroup • 8+ yrs with Vingroup • 16+ yrs with Vingroup
Ms. Mai Huong Noi Mr. Pham Van Khuong Ms. Duong Thi Hoan Ms. Anne Pham
• Dy CEO • Dy CEO • Dy CEO • CIO
• 30+ yrs experience • 38+ yrs experience • 22+ yrs experience • 16+ yrs experience
• 15+ yrs with Vingroup • 19+ yrs with Vingroup • 14+ yrs with Vingroup • 8+ yrs with Vingroup
Dr. Vu Ha Van
Ms. Le Thi Thu Thuy Mr. Pham Thieu Hoa Ms. Le Mai Lan CEO
CEO CEO President
Mr. Shaun Calvert Ms. Nguyen Mai Hoa Ms. Phan Ha Thuy Dr. Bui Hai Hung
CEO
Dy CEO, Manufacturing CEO CEO
High Vaccination Rates Allowed Vietnam to Open up the Economy and Create Optimism for Higher
GDP Growth in 2022
Vietnam’s transition from “zero Covid” to “co-existing safely with the virus”
Vietnam has one of the highest the highest COVID-19 Hence, business activities in major cities re-opened since Sep – Oct, and recovery expected to be sustained
immunization coverage
(mn people) 76 mn people have been 2 Minimum vaccine doses required to achieve 100% vaccination rate
(vaccination rate)(1) (mn doses)
80 vaccine doses or more Total vaccine doses administered
20 100%
90 Vaccination rate
70
80 79%
60 16 80%
70
60 50
12 60%
50 40
40 81 87
75 78 78 79 30 8 40%
68 70 72
30 63 65
50 20
20 47 4 20%
10 10
0 (%) 0 0 0%
Jan-22
Aug-21
Oct-21
Feb-22
May-21
Nov-21
Jul-21
Dec-21
Jun-21
Sep-21
Malaysia
World
India
Vietnam
USA
France
Japan
UK
Israel
Germany
Thailand
Singapore
Australia
Cambodia
Yen Bai
Hung Yen
Ca Mau
Kon Tum
Vinh Phuc
Cao Bang
Ninh Thuan
Ben Tre
Phu Tho
Ninh Binh
Dak Lak
Binh Dinh
Hai Duong
Tay Ninh
Soc Trang
Tien Giang
HCMC
Dien Bien
Ha Giang
Bac Giang
Quang Tri
Phu Yen
An Giang
Long An
Dong Thap
Ha Tinh
Bac Kan
Binh Thuan
Lai Chau
Da Nang
Vinh Long
Businesses Were Able to Save Cost on Operational Activities during COVID Thanks to Quick
Initiatives and Are Nimbly Adapting to the New Normal
Impact from COVID
• Extended #1 market share across • Moderate impact to retail sales. • Material impact in 4Q21 as only • Material impact • Moderate impact as facilities
all segments. Sales grew by 27% No impact on delivery of necessity stores remained open • 31/34 hotels/resorts, 3/6 closed due to mandatory
in electric motorcycles and 20% in completed products. Positive during lockdown amusement parks and all golf social distancing
passenger vehicles despite impact on bulk sales • 100% of 80 malls resumed full courses stayed opened from
showroom closure during social operation since November December to serve long stay and
distancing and the roll out of new quarantine customers
showrooms was delayed
• Adopted O2O (online-to-offline) • Vinhomes Resident App to • Reduced VND 51bn in 2021, • Focus on cost optimization Thanks to the roll out of technology
sales method to ensure support after-sales services mainly thanks to reducing • Saved VND 568bn on application to operate efficiently
customers’ safety such as online • Online strategy became an energy consumption, personnel operational expenses during social distancing:
consultation, test drive at home, effective supporting tool for and marketing cost • Vinmec: saved VND 104bn
and home delivery sales and management • Vinschool: saved VND 80bn
• Saved VND 181bn on • Saved VND 181bn on
operational expenses operational expenses
Source: Company information as of 31 Dec 2021. Includes VinFast, Vinhomes, Vincom Retail, Vinpearl, Vinschool, Vinmec and others
2022 Outlook & Key Initiatives
42
• Retail sales improved since 4Q21 signaled positive outlook on upcoming projects (Dream City, Wonder Park, Co Loa). These projects are comprised of higher low-rise units
proportion, which can be sold quickly in the circumstance of supply shortage. Shorter construction time versus high-rise units will allow profit to be recognized quicker as we can
hand these over to buyers
• Occupancy rate and rent may increase again thanks to the retail market recovering gradually after the social distancing period
• Lower hand over amount of units in 2020 and 2021 resulted in revenue decreased. However, rental revenue is expected to increase as lower rental support package would be
needed
• Business operations to improve sharply thanks to increased revenue due to freedom to travel, increased vaccine coverage; vaccines passport
• Thanks to the optimization in the past 2 years, operating costs is expected to remain lower than pre-Covid levels
03 Social enterprises
• Recovery to before pre-Covid levels as hospitals are expected to return to normal operations
• Revenue enhancing initiatives such as launching new products and independent clinics, and continued cost-saving measures will accelerate the turn around
• Profitability to sustain with diversified income streams once students return to school
43
03 Social enterprises
137,380
130,752
39,884
36,778 13,815
38,154 35,659
107,794
102,254 34,492 11,399
34,201
84,202
28,985
99,058
29,376 27,943
4,546
66,425
4,373
88,497
46,550
38,323
35,829
19,297
(7,523)
2018 2019 2020 2021 2018 2019 2020 2021 2018 2019 2020 2021 2021* 2018 2019 2020 2021 2021*
Recurring revenue Property sales % Gross profit margin % EBITDA margin
Source: Audited VAS Consolidated Financial Statements for 2018 – 2020, VAS Consolidated Financial Statements for 4Q2021 (1) Financial numbers for FY2018-2021 are pro-forma, adding bulk sales and excluding the retail and agriculture segments (2) Adds back foreign exchange losses
/ (gains) (3) 2021*: Pro-forma numbers are exclusive of the COVID-19 related and charitable expenses, expenses related to closure of VinSmart and expenses related to the cessation of ICE car production.
46
97% 12%
1,737 4,373 4,500 2021 target
29%
130,752
125,306
170,000 4,060
VND6.1tn
77% 9% 32%
5,446 130,752 2021 target
125,306
9%
9%
-7,523 6,099
Source: VAS Consolidated Financial Statements for 4Q21, Company information. (1) In addition to normal operating expenses, Vingroup might need to incur certain one-off expenses from 2022 onwards (i.e. provisions for factories and R&D expenses related to ICE products). However,
majority of our factories are compatible with EV production, hence, there is no need to provide provisions for these factories. The cessation of ICE products also has no impact on VinFast’s guarantee on its loans/bonds.
47
Leverage ratios
Net debt(1)(2) / (Total assets – cash & ST investments(2)) 24.8% 23.5% 1.3 ppts
Coverage ratios
Others
Source: Audited VAS Consolidated Financial Statements for 2018 – 2020, VAS Consolidated Financial Statements for 4Q21 (1) Net debt is equal to total debt, less cash and cash equivalents and short-term investments (2) Short-term investment excludes share option (3) On a LTM basis for
recurring revenue, operating EBITDA and interest expense, calculated using pro-forma figures, excluding retail and agriculture segments. Operating EBITDA is calculated from consolidated profit before tax adjusted for interest expense and depreciation and amortization, and excludes (a) FX
gain/loss, (b) charity contributions and Covid support, (c) committed profit share for villa management contracts and (d) terminated businesses including retail and agriculture segments. (4) Inclusive of hedging expenses
Appendix
49
Company Information
Vingroup Joint Stock Company (“Vingroup” or “the Group”)’s market capitalization: USD12.9 billion as at February 28, 2022. OFFICES
Vingroup today bases its strategy on the principles of sustainability and professional management to operate in three major business HANOI HEADQUARTERS
segments: Number 7, Bang Lang 1, Vinhomes Riverside
Long Bien District
• Industrials & Technology
Hanoi, Vietnam
− VinFast, the first and largest domestic comprehensive automobile-maker and electric scooter producer in Vietnam
HO CHI MINH CITY BRANCH
− VinES, battery cell technology development and manufacturing Vincom Dong Khoi – 4th Floor
72 Le Thanh Ton, District 1
− VinAI, VinBigData, Vantix, VinBrain, Data science, AI research and technology development
Ho Chi Minh City, Vietnam
− VinHMS, business management platform; VinCSS, cyber security service
− Residential Vinhomes premium apartments, villas and shophouses, mid-end real estate with integrated facilities, Happy Town –
affordable housing
− Quality education provider Vinschool featuring the K-12 education system and VinUni non-profit private university
Vingroup was listed on the HOSE on 07 September 2007. More information on the Group can be found at www.vingroup.net.