PVI successfully organized the Investor Conference

04:41' CH - Saturday, 18/12/2021

On the afternoon of December 17, 2021, PVI Joint Stock Company (HNX: PVI) held an Investor Conference with the participation of more than 100 guests who are investors, representatives of securities companies and investing funds in the market. To ensure the epidemic prevention, most of the investors attended online. The conference was a great success.

Attending the online conference were Mr. Jens Holger Wohlthat - Chairman of PVI's Board of Directors, Mr. Duong Thanh Francois - Member of the Board of Directors of PVI, Mr. Ulrich Wollschlager - Member of the Board of Directors of PVI and Mr. Christian Hemerlingmeier - Member of the Board of Directors of PVI.

Attending at PVI headquarters were Mr. Nguyen Xuan Hoa - Standing Vice Chairman of the Board of Directors/ General Director of PVI, Mr. Doan Linh - Member of the Board of Directors, Mrs. Bui Thi Nguyet - Independent Member of the Board of Directors, Mrs. Ha Lan - Head of the Supervisory Board of PVI and Representatives of PVI's Board of Directors and companies in the PVI system including: PVI Insurance Corporation, PVI Reinsurance Corporation, PVI Fund Management Joint Stock Company.

At the conference, PVI shared information about the estimated performance in 2021, the business plan in 2022 of the entire PVI system, as well as some information related to business activities of PVI Re (HNX: PRE)– Subsidiary of PVI. Moreover, Board of Directors also directly answered questions and concerns of investors surrounding PVI's activities.

Implementing the business plan 2021 in the context of general difficulties and impacts from the Covid-19 epidemic, however, with the right business strategies and flexible and adaptive solutions, the whole PVI system is expected to be completed sucuesscully the targets of the plan in 2021, specifically: Consolidated revenue estimated at over 11 trillion VND in 2021, consolidated pre-tax profit estimated at more than 1,000 billion VND, exceeding the annual plan; The dividend in 2021 is expected to be paid higher than the level assigned by the General Meeting of Shareholders (24%).

In addition, in the field of non-life insurance, PVI continues to maintain its leading position in the industrial insurance market and professional business performance, be the only insurance company in the Top 50 the most profitable business in Vietnam.

Achieving this success, Mr. Nguyen Xuan Hoa - General Director of PVI affirmed, first of all, it comes from the internal resources of PVI. During the 25-year journey of construction and development, with the right direction, drastic solutions of the Leadership team and the enthusiasm, efforts and solidarity of PVI's employees, PVI has built a market large market, building trust from customers and partners, as well as affirming PVI's prestige and position in the Vietnam Finance - Insurance market. In addition, the support of major shareholders PVN and HDI has helped PVI to develop sustainably and achieve impressive business results for many years.

In 2021, it is the 25th establishment anniversary of PVI, also a special year with many changes and successes of PVI. For the first time, PVI's non-life insurance business achieved a revenue of over 10,000 billion VND. The year 2021 also marks a remarkable growth in the value of PVI shares. As of December 15, 2021, PVI shares have increased by more than 60% compared to the beginning of the year. In addition, the International Finance Corporation (IFC) - a member of the World Bank (WB), one of the leading financial institutions in the world, has officially become a major shareholder of PVI in 2021. This clearly shows the recognition and trust of investors for PVI.

At the conference, Mr. Nguyen Xuan Hoa shared about policies to improve operational efficiency, in which, people are the most important factor and KPI is also important, from which employees have self-discipline to complete work and compete in units, improving labor productivity.

In 2022, PVI will still do well in the Northern market, and at the same time expand and strongly develop the southern market. The Company also applies and introduces new types of funds for PVI Asset Management Company to have qualitative development. PVI Holdings will continue to apply the policy of promoting and encouraging business activities in the spirit of mutual benefits.

From Hanover, Germany, Chairman of BOD of PVI Jens Holger Wohlthat shared, as a long-term investor, HDI is particularly interested in stable dividend payment cash flow over the years. HDI is very satisfied with the results that the Boards of Directors have achieved in recent years. HDI's strategic shareholder group will continue to support PVI, not only for the benefit of the large group of shareholders but also for the benefit of all shareholders. In 2022, he believes that PVI's most important goal is to promote profit growth.

Regarding the business plan in 2022, PVI plans to set the revenue, profit and dividend payout ratio to all grow compared to the 2021 business plan.

Although the business plan will be challenging for 2022 and the next period, the whole PVI system is confident that it will continue to successfully complete its goals, firmly affirming its position as a financial institution. Main – The leading insurance company in Vietnam, balancing the interests of the state, businesses, shareholders and employees.

Some images at the conference:

PVI Share