On April 24, 2023, in Da Nang, Deo Ca Traffic Infrastructure Investment Joint Stock Company (Stock code: HHV) organized the 2023 Annual General Meeting of Shareholders..

Positive business results despite a tough macroeconomic environment

At the congress, the Board of Directors, Supervisory Board, and Executive Board reported on management and control activities, production and business results in 2022 and plans for 2023.

Overview of the congress

The Congress approved the 2023 business plan, charter capital increase plan, 2022 dividend payment plan, and 2023 profit distribution plan as submitted by the Board of Directors

HHV’s business performance in 2022 was very positive with net revenue reaching 2,095 billion VND (up 12.53% YoY) and profit after tax reaching 297 billion VND (up 2.33% YoY).

HHV’s total toll revenue increased by 17.43% over the same period. Construction revenue grew strongly thanks to promoting construction at Cam Lam – Vinh Hao Mai Son – National Highway 45, My Thuan – Can Tho expressway projects and Binh Dinh coastal road.

HHV and the contractor consortium secured numerous construction packages in 2022 and early 2023, guaranteeing a stable volume of work worth 15,780 billion VND for the period of 2022-2025.

Consistently “Focused growth, optimized production, maximized profits”

Mr. Ho Minh Hoang – Chairman of the Board of Directors of HHV spoke

HHV steadfastly pursues investment, construction, and operation management of traffic projects as part of DEOCA Group’s strategy of “focused growth within the circle of competence” to create golden value through golden roads”.

Specifically:

Investment section create stable long-term income. To create stable long-term income, the investment section optimizes total investment, financial plans, progress, quality, and construction costs. They also affirm brand reputation and connect investments to reach an international level through meaningful, transparent, and community-supervised large projects.

Construction section generates short-term profits to maintain business momentum, ensure shareholder rights, reinvest in equipment, and create resources for project investments.

Management and operation section create stable cash flow. Enterprises face challenges in managing operations due to low state norms, high input costs, and the need for continuous and responsible operation.

HHV utilized new technology, allocated resources efficiently, self-produced key services, and collaborated with partners to provide input materials and services while exploiting added services.

To maximize profits, the company optimizes production by enhancing human resources quality through internal and cooperative training. This regular activity improves management capacity, promotes efficiency, and ensures stable and sustainable development in any situation.

The potential of the transportation infrastructure industry and the advantages of HHV.

Mr. Nguyen Quang Huy – General Director of HHV

With 470,000 billion VND allocated for infrastructure from 2021-2025 and a focus on completing 3,000 km of highways by 2025, construction and operation work is abundant and stable. Localities promote PPP investment, businesses have depreciated machinery and an advantage in managing tunnels.

In 2023, HHV won packages XL1, XL2, and XL3 worth nearly 14,500 billion VND for the Quang Ngai – Hoai Nhon Expressway Project. HHV plans to bid on public and PPP investment projects worth around 4,000 billion VND.

HHV actively promotes PPP investment in transport infrastructure projects. From 2023 to 2025, HHV plan to invest in Tan Phu – Bao Loc, Dong Dang – Tra Linh, and Huu Nghi – Chi Lang expressways with a total investment of about 40,000 billion VND.

From 2023 to 2025, HHV plans to bid for operation management and maintenance of new projects with a total length of about 545 km, including the North-South expressway component projects upon completion.

HHV aims to achieve a consolidated revenue of 2,478 billion VND, up 18% from 2022, with a consolidated profit after tax of 338 billion VND, up 14%. The company plans to pay dividends in shares worth about 215 billion VND and increase charter capital to improve capital capacity. The total capital mobilized in 2023 is expected to be 1,564 billion VND, with 823 billion VND through offering shares to existing shareholders and 741 billion VND through private stock offerings.

HHV