Investor Presentaiton
Gross profit and margin - VAS
Property sale (1)
31.2%
53.7%
CAGR: 27.4%
44,828
35,643
27,623
Leasing
Hospitality & Entertainment Services (2), (3)
(VNDbn)
(VNDbn)
(VNDbn)
45.3%
44.1%
64.6%
51.1%
53.8%
49.0%
48.6%
51.8%
34.0%
39.1%
0.6%
-10.7%
15.8%
YoY: 40.7%
CAGR: 7.3%
YoY: -6.0%
37,501
3,034
3,654
2,270
3,267
26,657
2,838
2,400
891
1,304
2,255
21
(314)
273
(1,826)
(3,492)
(2,418)
2018
2019
2020
9M20
9M21
2018
2019
2020
9M20
9M21
2018
2019
2020
9M20
9M21
Healthcare (3)
(VNDbn)
Education (3)
(VNDbn)
Industrials(3),(4)
(VNDbn)
13.8%
19.1%
15.2%
8.6%
7.1%
12.1%
21.6%
24.5%
14.4%
13.6%
-5.5%
-10.9%
-10.8%
-16.7%
-5.1%
(31)
(246)
(1.058)
(5,039)
(749)
(2,106)
(2,057)
(5,457)
(7,695)
(9,341)
579
363
406
150
132
60
(68)
(159)
(276)
(208)
2018
2019
2020
9M20
9M21
⑨Gross profit margin
% Adjusted cash gross profit margin (3)
446
550
175
80
308
255
191
203
(21)
(41)
2018
2019
2020
9M20
9M21
Gross profit
Adjusted cash gross profit (2),(3),(4)
2018
2019
2020
9M20
9M21
58
Source: Audited VAS Consolidated Financial Statements for 2018-2020, VAS Consolidated Financial Statements for 3Q20 and 3Q21. We have calculated cash gross profit (gross profit excluding depreciation and amortization) for the Hospitality & Entertainment Services, Healthcare, Education and Industrials
segments. (1) Financial numbers for FY2018-9M2021 include beach villa sales under Vinpearl (classified as property sales under consolidated financials), and are pro-forma to include bulk sales recorded as finance income. (2) Exclude beach villa sales and committed profit share of villa management contracts.
(3) Displays adjusted cash gross profit, which is cash gross profit adjusted for Covid-19 related expenses due to facility closures. (4) Includes reversal of impact from certain special promotional programs on gross revenue and provision for inventories.View entire presentation