VinFast Auto Ltd. (NASDAQ:VFS) Q1 2024 Earnings Conference Call April 17, 2024 8:00 AM ET

Company Participants

Madame Thuy Le - CEO
Nguyen Thi Lan Anh - CFO

Conference Call Participants

Dan Ives - Wedbush Securities
Brian Dobson - Chardan Capital Markets
Andres Sheppard - Cantor Fitzgerald
Tyler DiMatteo - BTIG

Operator

Good day and thank you for standing by. Welcome to VinFast Auto's First Quarter 2024 Earnings Conference Call. At this time all participants are in a listen-only mode. After the speakers’ presentation there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your first speaker, [indiscernible]. Please begin.

Unidentified Company Representative

Thank you, operator, and good morning to everyone. My name is [indiscernible], IR manager at VinFast. Thank you for joining us for our 2024 first quarter earnings conference. Joining me on the call today are Chairwoman of the Board, Madame Thuy Le, and our CFO, Ms. Anh Nguyen.

We will start the call with first quarter performance update and present our outlook for the year. We will reference a presentation today which is accessible on the IR website. After management presentation, we will have 30 minutes for Q&A. Before I turn it over to Madame Thuy Le, let me remind you that some of the statements on this call include forward-looking statements under federal securities law. These include, without limitation, statements regarding the future financial and operating outlook, guidance, as well as macroeconomic, industry trends, company initiatives, and other future events.

These statements are based on the predictions and expectations as of today. Actual events or results may differ due to a number of risks and uncertainties. We refer you to the cautionary language and the risk factors in our most recent filings with the SEC. In addition, management will make reference to non-GAAP financial during this call, a discussion of why we use non-GAAP and information regarding the reconciliation of our non-GAAP versus GAAP is available on the press release that we issued this morning or you can find it in the final page of our presentation.

With that said, now I would like to invite Madame Thuy Le to start with management presentation.

Madame Thuy Le

Thank you, Ni. I'd like to start by addressing the broader EV industry context. It is important to acknowledge that macroeconomics and geopolitical uncertainties continue to impact businesses and consumers globally. As a global company, we operate in a diverse range of strategic markets, including North America, Europe, Middle East, Southeast Asia, and South Asia. While we are currently observing certain level of weaknesses in some of our markets, we view this as temporary challenges.