Investor Presentaiton
Balance Sheet Highlights
Debt (1)(2)(3)/Operating EBITDA (4)
(x)
Total Assets & Total Equity (6)
(VNDbn)
Breakdown of Total Assets
(%)
Source:
Note:
8.9%
8.7%
8.1%
8.0%
3.3x
3.1x
3.0x
2.8x
2.6x
2.3x
2.2x
2.6x
Total assets CAGR: 25.7%
267,381
2018
2019
2020
1Q2021
Total Debt/Operating EBITDA Net Debt/Operating EBITDA
2018
Average borrowing cost (5)
401,156
422,504 419,833
135,853
139,774
118,443
85,591
2019
2020
1Q2021
Total assets
■Total equity
25%
30%
VND419.8tn
14%
13%
13%
5%
■Property sale
■Industrials (Mobility & Smart devices)
Hospitality & entertainment
Leasing
Healthcare & education
■Others
(7)
Audited VAS Consolidated Financial Statements for 2018-2020, Unaudited VAS Consolidated Financial Statements for 1Q2020 and 1Q2021.
(1) Total debt is equal to interest-bearing loans and borrowing, numbers for FY2018-2020 excluded retail segment. (2) Net debt is equal to total debt, less cash and cash equivalents and short-term investments, 2018-2020 figures excluded retail segment. (3) Short-term investments exclude share option. (4) On a LTM basis for recurring revenue,
operating EBITDA and interest expense, 2018-2020 are 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 FY2018-2020 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.
55View entire presentation