Global Reputation and Good Execution
Source:
Note:
Balance Sheet Highlights
Debt (1)(2)(3)/Operating EBITDA (4)
(x)
Total Assets & Total Equity (6)
(VNDbn)
Breakdown of Total Assets
(%)
9.1%
8.9%
8.7%
8.1%
1.9x
1.5x
3.1x
3.0x
2.8x
2.3x
2.6x
2.2x
198,743
2017
2018
2019
2020
Total Debt/Operating EBITDA Net Debt / Operating EBITDA
2017
Average borrowing cost (5)
Total assets CAGR: 28.6%
267,381
401,156
422,504
135,853
118,443
85,591
41,232
2018
2019
■Total assets
2020
■Total equity
33%
24%
VND422.5tn
13%
11%
14%
5%
■Property sale
Industrials (Mobility & Smart devices)
Hospitality & entertainment
■Leasing
Healthcare & education
■Others
(7)
Audited VAS Consolidated Financial Statements for 2017-2019, Audited VAS Consolidated Financial Statements for 2020.
(1) Total debt is equal to interest-bearing loans and borrowing, excluding retail and agriculture segments. (2) Net debt is equal to total debt, less cash and cash equivalents and short-term investments, excluding retail and agriculture segments. (3) Short-term investments exclude share option. (4) 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 EBITDA adjusted for non-recurring items (5) Inclusive of hedging expenses. (6) Numbers for FY2017-2019 are pro-forma, excluding retail and agriculture segments (7) Others refers to technology and others. Assets managed on a
Group basis refers to assets such as long term investment, deposits for transfer investment and financial obligation guarantee, among others.
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