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Investor Presentaiton

V Transaction Overview Estimated Sources & Uses 39 Illustrative Pro Forma (4) Sources Amount ($mm) Pro Forma Capitalization Amount % VinFast Equity Shareholders (1) 23,000.0 VinFast Rollover Equity 2,300.0 99.1% BSAQ Cash in Trust (2) 169.0 Public BSAQ Shareholders (2)(3) 16.9 0.7% PIPE Total Sources TBD BSAQ Sponsor Shares 4.2 0.2% 23,169.0 Total Shares Outstanding 2,321.1 100.0% Uses VinFast Rollover Equity Cash to VinFast Balance Sheet Illustrative Transaction Expenses Total Uses Amount ($mm) 23,000.0 149.0 20.0 23,169.0 Pro Forma Valuation Share Price Vinfast Shares Outstanding Pro Forma Market Capitalization Plus: VinFast Net Debt (5) Less: Cash Pro Forma Enterprise Value Amount $10.00 2,321.1 $23,211.3 $4,000.0 $149.0 $27,062.3 Note: 1. Does not include earnout shares issued to select VinFast employees upon achieving or exceeding 2023 revenue target of US1.875 billion as set out in the business combination agreement. The VinFast management incentive earnout is not intended to be a projection or forecast. It reflects numerous assumptions concerning VinFast's anticipated future performance, including those that remain beyond Black Spade's or VinFast's control, and that may not materialize. No reliance should be placed on the earnout as a projection or forecast about Vingroup. Does not include award shares issued to select VinFast employees post closing 2. Assumes 0.0% redemptions 3. Not giving into effect public and private warrants striking at $11.50 4. Not including PIPE 5. Illustrative Net Debt held by VinFast at Close calculated as short-term liabilities plus long-term liabilities less cash and cash equivalents
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