VINHOMES RECORDED VND 29 TRILLION IN NET PROFIT AFTER TAX 2022, WITH CONTRACTED SALES AND UNBILLED BOOKINGS STOOD AT A RECORD-HIGH OF VND 128.2 TRILLION AND VND 107.6 TRILLION

Hanoi, January 30, 2023, Vinhomes Joint Stock Company (ticker “VHM”) released its unaudited consolidated financial statements for the fourthquarter of 2022 in accordance with Vietnamese Accounting Standards (VAS).

In the fourth quarter of 2022, total consolidated net revenue reached VND 31.2trillion, representing an increase of 34% compared to the same period last year,thanks to the additional delivery of over 2,200 low-rise units at Vinhomes Ocean Park 2 – The Empire. Consolidated profit before tax was VND 12.5 trillion and consolidated profit after tax and minority interest was VND 8.9 trillion, representing a decrease of 10% and 24%, respectively compared to the same period last year. Earnings per share (EPS) in the fourth quarter of 2022 was VND 2,050.

In 2022, thanks to record speed of delivery at Vinhomes Ocean Park 2 – The Empire in 2022, consolidated net revenue was VND 62.4 trillion. Total pro-forma consolidated net revenue, including pro-forma revenue from bulk sales transactions and business co-operation contracts (BCCs), of which gains were recognized under the finance income, exceeded the guidance of VND 75 trillion, reaching VND 81.4 trillion. Consolidated profit before tax was VND 38.7trillion and consolidated profit after tax and minority interest almost reached the guidance at VND 28.6 trillion. Earnings per share (EPS) in 2022 was VND 6,945.

Sale activities witnessed a strong rebound in 2022 after two years being impacted by Covid-19, with contracted sales reached a record high of VND 128.2 trillion, a 62% increase year on year. Accordingly, unbilled bookings also stood at a record high of 107.6 trillion, a 105% increase year on year, supporting the revenue recognition in the upcoming quarters given the short-term market challenges.

As of December 31, 2022, Vinhomes had total consolidated assets of VND361.2 trillion, an increase of 57% compared to the figure as of 31 December 2021, in which cash and cash equivalents increased by 53% to reach over VND14.7 trillion, thanks to the successful launches of new projects. Moderate cash flow facilitates the accelerated construction and development speed at large-scale projects while reducing reliance on debt. As a result, the net debt to equity ratio was 14.4%. Owners’ equity was VND 148.4 trillion as of December 31, 2022, representing an increase of 13% compared with the figure as of December31, 2021.

In 2023, Vinhomes continues to remain the No. 1 position in real estate sector bycontinuing to develop new large scale urban areas with the aim to improve the quality of life and enhancing amenities for residents. Simultaneously, the Company actively develops social housing projects to address the urging housing needs for low-income people, thereby realizing the dream of home ownership for millions of Vietnamese workers.