Vingroup Consumer Market and VinFast EV Global Premiere
Balance sheet highlights
Debt (1)(2)(3)/Operating EBITDA (4)
(x)
Total Assets & Total Equity (6)
(VNDbn)
Breakdown of Total Assets
(%)
8.9%
8.7%
8.1%
7.4%
3.1x
3.0x
2.9x
2.8x
2018
2.6x
2.3x
2019
2.3x
2.2x
2020
LTM 2021
■Total Debt/Operating EBITDA Net Debt / Operating EBITDA
Average borrowing cost (5)
Total assets CAGR: 25.7%
267,381
26%
433,603
32%
422,504
401,156
VND433.6tn
12%
164,297
135,853
118,443
85,591
Dec-18
Dec-19
Dec-20
Sep-21
Total assets
■Total equity
11%
15%
4%
■Property sale
Industrials (Mobility & Smart devices)
Hospitality & entertainment
Leasing
Healthcare & education
Others
(7)
59
Source: Audited VAS Consolidated Financial Statements for 2018-2020, VAS Consolidated Financial Statements for 3Q20 and 3Q21 (1) Total debt is equal to interest-bearing loans and borrowing. (2) Net debt is equal to total debt, less cash and cash equivalents and short-term
investments. (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 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. (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 othersView entire presentation