Investor Presentaiton
Income Statement Highlights
Revenue (1)
(VNDbn)
Gross Profit(1)
(VNDbn)
CAGR: 12.9%
107,794
102,254
137,380
2018
2019 2020
Recurring revenue
YoY: -5.0%
26,347 25,040
17,862 12 402
1Q2020 1Q2021
■Property sales
27.3% 33.7% 24.9% 36.4% 20.1%
CAGR: 7.9%
EBITDA (1) (2)
(VNDbn)
25.9% 36.0% 25.9% 36.2% 33.1%
CAGR: 12.9%
34,492 34,201
29,376
27,943
YoY: -47.6%
9,595
5,031
36,778
35,693
YoY:-13.0%
9,528
8,293
Profit After Tax(1)
(VNDbn)
11,399
13,815
4,546
YoY: 71.7%
505
868
2018
2019
2020
1Q2020 1Q2021
2018
2019
2020 1Q2020 1Q2021
2018 2019
2020 1Q2020 1Q2021
× Gross profit margin
X EBITDA margin
Source: Audited VAS Consolidated Financial Statements for 2018-2020, Unaudited VAS Consolidated Financial Statements for 1Q2020 and 1Q2021.
Financial numbers are pro-forma, adding bulk sales and excluding the retail and agriculture segments.
(1)
(2)
Adds back foreign exchange losses / (gains).
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