our sustainable competitive edge.
brings us to a Comprehensive Value Chain and affirms
of our values and considered it a unique identifier that
consistently put the "green" business strategy at the core
Over the past five decades of operation, TTC AgriS has
attempt to remove all adverse impacts on the environment.
entire diverse and highly potential value chain as well as
development, production and supply to maximize the
economic business model to all activities of agricultural
TTC AgriS applies the integrated smart agricultural
VISION - MISSION - CORE VALUES
-->
SBT AT GLANCE CORPORATE GOVERNANCE OPERATION THROUGHOUT THE YEAR SUSTAINABLE DEVELOPMENT FINANCIAL STATEMENTSSBT - IMPRINT OF THE YEAR
ANNUAL REPORT SUSTAINABLE DEVELOPMENT REPORT
Related Parties.
protecting the interests of Shareholders, Investors and
FY 2021-2022, ensuring information transparency and
activities, investment projects and nancial position in
reecting the overall situation of production and business
FY 2021-2022 has been honestly and fairly presented,
In all material respects, the Company’s annual report for
Young Vietnam Co., Ltd.
the nancial statements 2021-2022 audited by Ernst &
Company’s annual report 2021-2022 are consistent with
All nancial information and data presented in the
of Global Reporting Initiative (GRI), among others.
and International Standards for Sustainability Reporting
Scorecard, OECD Principles of Corporate Governance,
Reporting Council (IIRC), ASEAN Corporate Governance
standards, including those of International Integrated
good practices in the market and higher international
the Company is on the right track to converge and apply
current regulations on information disclosure. In addition,
The contents presented herein fully comply with the
9
transparency and protection of stakeholder interests.
environmental sustainability factors towards information
stakeholders, balancing economic, social and
based on key aspects and interrelationships between
The Sustainable Development Report is well structured
the Global Reporting Initiative - GRI Vietnam.
report is prepared following guidance and training by
of indicators presented in the Sustainability Report. The
eectively operational for quality control and justiability
Business control systems established by the BOM are
Social Responsibility.
Development, Farmer-centric Business Operations and
towards Eective Governance, Client-oriented Product
the Company, our Shareholders and relevant parties
development strategy driven by core interests of
is produced in accordance with and reects our
TTC Bien Hoa’s Sustainable Development Report
DAO DUY THI
INTERNAL AUDIT DEPARTMENT
ACTING HEAD OF
Our backbone philosophy is sustainable development, focusing on exploiting and completing the Sugarcane value chain, aiming to provide the market with Green energy solutions from Clean production. TTC Bien Hoa is on the journey to become a high-tech agricultural enterprise, firmly moving towards “Comprehensive value chain - Sustainable competitive advantages”. We focus on comprehensively promoting the adoption of technology in management, operation, and anticipation of customer needs as well as the development of a comprehensive ecosystem of products and services. This will serve as the foundation that determines the Company's competitive strength in the market, especially international market, thereby increasing revenue and profit, helping to maximizing the Company’s benefits, sharing the results with stakeholders, and contributing to the common development of the Community.
Mrs. HUYNH BICH NGOC
Chairwoman of the Board of Directors of TTC Bien Hoa
ANNUAL REPORT FISCAL YEAR 2021-2022
SUSTAINABLE COMPETITIVE ADVANTAGES
COMPREHENSIVE VALUE CHAIN
14
CAMBODIA, AND AUSTRALIA
INCLUDING VIETNAM, LAOS,
OF FARMLAND IN 4 COUNTRIES
~68.000 HA
SUGARCANE FROM
CURRENTLY OWNS
MARKETS EACH YEAR
TO DOMESTIC AND INTERNATIONAL
TONS OF FINISHED SUGAR
>1,000,000
SUPPLYING
FRM
FARMER RELATIONSHIP MANAGEMENT
PLATFORM
TECHNOLOGY THROUGH THE
APPLY DIGITAL FARMING
Customers and Partners,
Dear valued Shareholders, Investors, Farmers,
always been persistent with the Company’s goal of sustainable development.
only been possible thanks to the great eorts of the TTC Bien Hoa team who has
VND since its commencement of operation. This extraordinary achievement has
This is the rst time TTC Bien Hoa has achieved an annual prot of over one trillion
by 33% against the same period of last year and reached over 139% of the target.
23%, fullling 108% of the target. Our prot before tax reached 1,046 billion VND, up
tons of sugar, recording a net revenue of over 18,319 billion VND, a YOY increase of
and around the globe. TTC Bien Hoa has continued to successfully sell over 1 million
remarkable results for FY 2021-2022 in the context of the volatile situation in Vietnam
I am pleased to announce that TTC Bien Hoa (SBT) has achieved impressive and
platform.
Relationship Management)
through the FRM (Farmer
digital farming technology
Australia to 20,000 ha, apply
to expand the material area in
2021-2025 period, SBT aims
development strategy for the
In the sustainable
BOD CHAIRWOMAN
MESSAGE FROM
SBT AT GLANCE CORPORATE GOVERNANCE OPERATION THROUGHOUT THE YEAR SUSTAINABLE DEVELOPMENT FINANCIAL STATEMENTSSBT - IMPRINT OF THE YEAR
tons of nished sugar to domestic and international markets
and Australia. The Company is now supplying over 1 million
farmland in 4 countries including Vietnam, Laos, Cambodia,
Hoa currently owns sugarcane from more than 68,000 ha of
with over 50 years of persistence with "Sugarcane", TTC Bien
As one of the leading agricultural enterprises in Vietnam
to the main products from Sugarcane.
fruit tree projects to diversify its agricultural chain in addition
Company’s continued research and development of more
and South Korea. This is an important stepping stone for the
farming model for export to foreign markets such as Japan
tree business, following the success of the Dole banana farm
addition, research continued to be conducted into the fruit
value chain of sugarcane farming and production vertical. In
YOY. This contributed to the expansion and completion of the
VND, accounting for more than 2.4% and increasing by 61%
recorded impressive business results with nearly 445 billion
also contributed signicantly to revenue, molasses alone
Besides Sugar products, molasses, electricity and fertilizers
in our "Bien Hoa Sugar” brand, recorded good sale growth.
channels. For consumers’ products, thanks to consumers' trust
market share of branded bag sugar in Vietnam in all distribution
tons, up by over 10% YOY. The Company continues to lead the
product channel for the B2C segment reached over 62,000
to be maintained at a high level, especially the consumer
In FY 2021-2022, the sale volume of sugar products continued
over the years.
to build a robust business model that we have developed
positive performance and growth is a testament to our ability
Professional - LACP). That all the core businesses recorded
Agribusiness Industry (League of American Communication
The World Consumer Industry, Platinum Award - The World
Annual Reports in Asia - Pacic (APAC), Platinum Award -
major and important awards: 3rd ranking in the Top 50 Best
Bien Hoa's annual report for FY 2020-2021 has also won 3
and other prestigious awards for brands and products. TTC
HOSE, Top 50 Best Listed Companies 2021 - Forbes Vietnam
Listed Companies in VNSI20 Sustainability Index Basket -
Governance Companies - Large Cap Group - HOSE, Top 20
its governance activities including: Top 5 Best Corporate
to receive the appreciation of prestigious organizations for
Related Parties. In FY 2021-2022, TTC Bien Hoa was honored
of Shareholders, Investors, Farmers, Customers, Partners, and
improve competitiveness as well as harmonize the interests
Bien Hoa still achieved many successes and continued to
Faced with increasing challenges in the turbulent area, TTC
15
Chairwoman of the Board of Directors of TTC Bien Hoa
Mrs. HUYNH BICH NGOC
into the world.
Vietnamese agricultural industry condently in integrating
new heights in FY 2022-2023 and beyond, and leading the
for sake of the Company recording breakthroughs, reaching
side. We look forward to your continued support and trust
Farmers, Customers and Partners for always standing by our
to express my deep gratitude to our Shareholders, Investors,
On behalf of TTC Bien Hoa's Board of Directors, I would like
development of the Community.
results with stakeholders, and contributing to the common
helping to maximizing the Company’s benets, sharing the
international market, thereby increasing revenue and prot,
Company's competitive strength in the market, especially
services. This will serve as the foundation that determines the
development of a comprehensive ecosystem of products and
operation, and anticipation of customer needs as well as the
promoting the adoption of technology in management,
competitive advantages". We focus on comprehensively
moving towards "Comprehensive value chain - Sustainable
journey to become a high-tech agricultural enterprise, rmly
solutions from Clean production. TTC Bien Hoa is on the
chain, aiming to provide the market with Green energy
focusing on exploiting and completing the Sugarcane value
Our backbone philosophy is sustainable development,
Australia within the next 3 years.
complete the strategy to reach the target of 20,000 ha in
state and to reach 5,000 ha in FY 2022-2023. This will help us
is our strategic goal to expand the material area in Queensland
successfully owned more than 1,200 ha in Tully, Queensland. It
value. Therefore, the Company has decided to invest and
Queensland, Australia in terms of climate, soil and economic
of highly qualied personnel, SBT realized the potential of
August, 2022, after a thorough research conducted by a team
global area of material area to almost 90,000 ha. In fact, in
Management) platform and the same time increase the total
farming technology through the FRM (Farmer Relationship
area in Australia to 20,000 ha. We also look to apply digital
the 2021-2025 period, SBT aims to expand the material
each year. In the sustainable development strategy for
Vice Chairwoman of the Board of Directors of TTC Bien Hoa
ANNUAL REPORT FISCAL YEAR 2021-2022
SUSTAINABLE COMPETITIVE ADVANTAGES
COMPREHENSIVE VALUE CHAIN
16
BOD VICE CHAIRWOMAN
MESSAGE FROM
Mrs. DANG HUYNH UC MY
SBT AT GLANCE CORPORATE GOVERNANCE OPERATION THROUGHOUT THE YEAR SUSTAINABLE DEVELOPMENT FINANCIAL STATEMENTSSBT - IMPRINT OF THE YEAR
ADVANTAGE
COMPETITIVE
SUSTAINABLE
VALUE CHAIN
COMPREHENSIVE
Farmers, Customers and Partners who have always trusted and accompanied TTC Bien Hoa over the years.
First of all, I would like to express my sincerest thanks to the valued Shareholders, Investors,
2025 with a vision for 2030. May you enjoy health, prosperity and success.
support and accompany us on our journey of realizing the strategic goals for
Shareholders, Investors, Farmers, Customers and Partners will continue to
Having said all this, on behalf of the Board of Directors, I hope that our valued
chain.
development with extensive participation in the global agricultural value
agricultural enterprise with high technology applied for sustainable
for SBT to continue to deploy and realize the strategic goal of becoming an
The positive results achieved in the FY 2021-2022 serve as an important lever
enhances bilateral trade and benets between Vietnam and Australia.
Sugar industry in both countries, expands employment opportunities and
arena. The cooperation also promotes the sustainable development of the
strengthening the position of Vietnam's agriculture 4.0 in the international
an important step for SBT to continue its journey to conquer the world and
leading sustainable producers of modern agricultural commodities is also
In the past scal year, the successful investment in Australia - one of the world's
customer needs.
the product and service ecosystem, orient the market, thereby anticipating all
for housewives and children, probiotics,... All these strategies help to complete
consumer and commercial values, for example: Spices for cooking, products
become a producer of high value-added agricultural products integrated with
business activities based on market demands. We promote R&D activities to
basis of multinational development. In addition, SBT looks to focus on commercial
Production to Production - Export & Import - Trade in Agricultural services on the
comprehensively transforming its governance model from purely Technical and
Integrated smart agro-economic business model with the orientation of
its business model from a purely agricultural production company to the
from farm to fork and customer's factory. As such, SBT actively transforms
SBT aims to build a business providing comprehensive agricultural solutions
related parties.
thereby contributing added value to all
standards, comprehensive transparency,
human resources towards international
to operation and production, upgrading
all activities from business orientation
are gradually optimizing and modernizing
Vietnam and international markets. We
the agricultural and food business in both
participate more deeply and eectively in
for SBT to further expand its reach and
development strategy is a prerequisite
that closely following our sustainable
matters into operations. We strongly believe
Environmental, Social and Governance (ESG)
from internal strengths that integrate
transforming and shifting focus on synergies
competitive advantage through drastically
both as a development foundation and a
are upholding the "green" business strategy
journey of sustainable development. We
Bien Hoa has always been steadfast on the
For more than 50 years of operation, TTC
recent years.
Company’s sustainable success in
These are the guidelines for the
Competitive Advantages.
Value Chain - Sustainable
on the basis of Comprehensive
ourselves in business activities
We have successfully differentiated
and escalating political instability.
a volatile economy facing Covid-19
impressive growth in the context of
of Shareholders and has achieved
assigned by the General Meeting
that SBT has exceeded the target
operations. It is worth mentioning
since the commencement of its
one trillion VND in one fiscal year
first time achieved a profit of over
SBT when the Company for the
be one of many breakthroughs for
The FY 2021-2022 continued to
17
HIGH TECHNOLOGY
AGRICULTURAL
ENTERPRISE WITH HIGH
DEVELOPMENT
SUSTAINABLE
APPLIED FOR
Vice Chairwoman of the Board of Directors of TTC Bien Hoa
DANG HUYNH UC MY
ANNUAL REPORT FISCAL YEAR 2021-2022
SUSTAINABLE COMPETITIVE ADVANTAGES
COMPREHENSIVE VALUE CHAIN
18
MESSAGE FROM THE CHIEF EXECUTIVE OFFICER
Production to Commerce - Service -
management model from Engineering -
to comprehensively transform our
In the coming years, TTC Bien Hoa aims
and international corporations.
with the supply chains of large domestic
are condent in our competitiveness
strict and eective management, we
production and distribution. With a
all management activities farm to
and recongure the value chain in
each stage in the entire supply chain,
technology, improve the eciency of
FY 2022-2023, we will further invest in
delivered initial positive outcomes. In
supply chain management activities,
on digital transformation of sales and
entities in 5 countries, with a focus
of the Oracle Cloud ERP system at 34
development. The successful go-live
important foundation for sustainable
believe that digital transformation is an
high-tech agricultural company, we
Moving along our path to become a
countries.
expand our export markets to over 29
Hoa, with constant eorts, was able to
to the global supply chains, TTC Bien
strict restrictions, despite disruptions
period. During social distancing with
to have risen by 10% over the same
recorded growth, with the B2C channel
volume of other sales channels also
from imported sugar. Besides, the sale
the harsh and direct competition
SME channel grew by 22% YOY given
core businesses reaped successes. The
fullled our revenue target when our
to market conditions, TTC Bien Hoa
of our sale policies and quick response
production arrangements, adjustment
of the pandemic and war, but exible
escalated due to combined impacts
warehousing and transportation costs
In turbulent environments,
worth billions of USD.
one of the businesses that owns assets
the Company has ocially become
year. This is a proudly outcome when
compared to the beginning of the scal
1.2 billion USD), or over 35% higher
to reach nearly 27,730 billion VND (~
was also expanded with total assets
Besides, TTC Bien Hoa’s business scale
compared to the previous scal year.
of 873 billion VND, nearly 34% higher
The prot after tax reached a record
and 39% higher than the annual target.
33% higher than the previous scal year
reached a record of 1,046 billion VND,
the annual target. Our prot before tax
the same period and 8% higher than
reach 18,319 billion VND, up 23% over
General Meeting, with our revenue to
exceeded targets set by the Annual
remarkably growing as the Company
As a result, business performance was
continued to stay at over 1 million tons.
In FY 2021-2022, the Sugar sales volume
growing high-tech agricultural company in the region.
firmly moving forwards to become a leading and sustainably
employees, TTC Bien Hoa have reaped phenomenal successes,
Directors and the Board of Management and involvement of all
with a proactive approach and sound directions of the Board of
ourselves and flexibly adapting with new market developments,
in the coming years. Faced with challenges in transforming
with new achievements as foundation for our further development
The FY 2021-2022 plays an important hinge role for TTC Bien Hoa,
Customers and Partners,
Dear valued Shareholders, Investors, Sugarcane-growing Customer/Farmers,
~ 1.2 BILLION USD
27,730
(Unit: Billion VND)
TOTAL ASSETS
stakeholders.
new heights and share values with all
further conquer all limits to reach
product solutions, TTC Bien Hoa will
sourced and sustainable agricultural
a regional leading supplier of clearly
steps taken on our path to become
Company. We believe that, with proper
trust and continued support to the
and Partners for your complete
Sugarcane-growing Customers/Farmers
to all of our Shareholders, Investors,
I would like to express our sincere thanks
On behalf of the Board of Management,
maximize our prots.
restructuring investment portfolios to
while reducing short-term loans and
increase credit limit of long-term loans
structure, further structure our loans,
plans. We will build an optimal capital
expenses based on established budget
modules to better control revenue and
(PBCS) and Oracle Analytic Cloud (OAC)
the Planning Budgeting Cloud System
In FY 2022-2023, we will start running
according to international standards.
scale and quality of management
and simultaneously upgrading the
to shift to another higher value chain
on markets and customers, looking
multinational operations, focusing
Import-Export on the basis of
Chief Executive Ocer
NGUYEN THANH NGU
SBT AT GLANCE CORPORATE GOVERNANCE OPERATION THROUGHOUT THE YEAR SUSTAINABLE DEVELOPMENT FINANCIAL STATEMENTSSBT - IMPRINT OF THE YEAR
19
1,000,000
AA+
TO
AAA-
HECTARES
18,319
UNIT: BILLION VND UNIT: BILLION VND
NET SALES
HIT RECORD LEVELS
Up 23% YOY,
873
UNIT: BILLION USD
UNIT: MILLION KWH
~1.2
HIGH PROFIT AFTER TAX
THE FIRST SUGAR ENTERPRISE
WITH TOTAL ASSETS
EXCEEDING THE 1 BILLION USD
THRESHOLD
~103
COMMERCIAL ELECTRICITY
INTEGRATED INTO
THE NATIONAL POWER GRID
12 6
BEVERAGE
PRODUCTS
Up 34% YOY
1,900
BILLION VND OF BONDS
The Best Local Currency Bond
Deal 2021 honored
by The Asset Triple A
75
SUGAR PRODUCT LINES
SUGAR BY-PRODUCT LINES
AND AFTER-PRODUCTS
Including
8 Organic Sugar products that
meet EU and USDA standards
18
SBT STOCK INCLUDED
IN MANY REPUTABLE ETFS
AND INDEX BASKETS
VNSI20
115 MILLION USD
AN INCREASE OF 40% COMPARED
TO THE MOST RECENT VALUATION
SALES VOLUME REACHED OVER
TONS
FOR THE 3
RD
YEAR IN A ROW
RATING UPGRADED FROM
5 consecutive years in the Top 20
listed companies in the VNSI20 -
HOSE Sustainability Index basket,
with an ESG score of over 90%
Top 5
BEST CORPORATE
GOVERNANCE COMPANIES 2021
Top 50
TOP 50 MOST PRESTIGIOUS
AND EFFECTIVE PUBLIC
VIETNAM REPORT
ANNUAL REPORT FISCAL YEAR 2021-2022
SUSTAINABLE COMPETITIVE ADVANTAGES
COMPREHENSIVE VALUE CHAIN
20
OF FY 2021-2022
SIGNIFICANT NUMBERS
AND AUSTRALIA
INCLUDING VIETNAM, LAOS, CAMBODIA,
MATERIAL AREAS IN 4 COUNTRIES
SUGAR INDUSTRY
LEADING VIETNAM'S
OF THE MARKET SHARE
46%
68,000
~
EXPORT MARKETS
+
29
~
68,000
HECTARES
46%
OF THE MARKET SHARE
LEADING VIETNAM'S
SUGAR INDUSTRY
UNIT: MILLION KWH
29
+
EXPORT MARKETS
MATERIAL AREAS IN 4 COUNTRIES
INCLUDING VIETNAM, LAOS, CAMBODIA,
AND AUSTRALIA
SBT AT GLANCE CORPORATE GOVERNANCE OPERATION THROUGHOUT THE YEAR SUSTAINABLE DEVELOPMENT FINANCIAL STATEMENTSSBT - IMPRINT OF THE YEAR
with an ESG score of over 90%
HOSE Sustainability Index basket,
listed companies in the VNSI20 -
5 consecutive years in the Top 20
RATING UPGRADED FROM
SALES VOLUME REACHED OVER
VNSI20
AND INDEX BASKETS
IN MANY REPUTABLE ETFS
SBT STOCK INCLUDED
18
meet EU and USDA standards
8 Organic Sugar products that
Including
AND AFTER-PRODUCTS
SUGAR BY-PRODUCT LINES
SUGAR PRODUCT LINES
75
Up 34% YOY
12 6
HIGH PROFIT AFTER TAX
873
Up 23% YOY,
HIT RECORD LEVELS
NET SALES
UNIT: BILLION VND UNIT: BILLION VND
18,319
AAA-
TO
AA+
1,000,000
21
VIETNAM REPORT
AND EFFECTIVE PUBLIC
TOP 50 MOST PRESTIGIOUS
Top 50
GOVERNANCE COMPANIES 2021
BEST CORPORATE
Top 5
YEAR IN A ROW
RD
FOR THE 3
TONS
TO THE MOST RECENT VALUATION
AN INCREASE OF 40% COMPARED
115 MILLION USD
by The Asset Triple A
Deal 2021 honored
The Best Local Currency Bond
BILLION VND OF BONDS
1,900
PRODUCTS
BEVERAGE
THE NATIONAL POWER GRID
INTEGRATED INTO
COMMERCIAL ELECTRICITY
~103
THRESHOLD
EXCEEDING THE 1 BILLION USD
WITH TOTAL ASSETS
THE FIRST SUGAR ENTERPRISE
~1.2
UNIT: BILLION USD
Top 20 listed companies in the VNSI -
HOSE Sustainability Index basket
Mr. Nguyen Thanh Ngu at the Top 10 Sustainable
and Green Enterprices Award Ceremony
ANNUAL REPORT FISCAL YEAR 2021-2022
SUSTAINABLE COMPETITIVE ADVANTAGES
COMPREHENSIVE VALUE CHAIN
22
July 2021
SBT has been honored in this list.
Commission since July 2017. This is the 5th year in a row that
for International Cooperation (GIZ) and the State Securities
in a project jointly implemented with the German Agency
Index - VNSI20” by the Ho Chi Minh City Stock Exchange
named by as one of the "Top 20 Sustainable Development
SBT has been continuing to be the only Sugarcane company
TOP 20 TOP 10
IN THE VNSI INDEX BASKET - HOSE
LISTED COMPANIES
IN FY 2021-2022
SIGNIFICANT EVENTS
Developing a National Green Economy" Program.
"Communication for Building and
th
the framework of the 7
Ministry of Natural Resources and Environment and is part of
under the auspices of the Ministry of Industry and Trade, the
to develop a sustainable and green economy. The award is
positive contributions in applying science and technology
and Green Enterprises". The award recognized SBT's
SBT was honored to be honored in the "Top 10 Sustainable
GREEN ENTERPRISES AWARD
SUSTAINABLE AND
Best Companies to Work for in Asia 2021 Top 50 Prestigious and Eective Public Companies 2021 (VIX50)
The online AGM of FY 2020-2021
SBT AT GLANCE CORPORATE GOVERNANCE OPERATION THROUGHOUT THE YEAR SUSTAINABLE DEVELOPMENT FINANCIAL STATEMENTSSBT - IMPRINT OF THE YEAR
October 2021
protect Shareholders’ interests and not to aect the Company’s development plan under any circumstances.
was held online. Although Covid-19 has had a direct impact on social activities, the Board of Directors has made great eorts to
SBT successfully organized the Annual General Meeting of Shareholders on October 20th, 2021. This was the rst time the AGM
that meets the criteria for an international employer.
always focuses on building an ideal working environment
maintaining outstanding business achievements but also
Singapore, Laos, and Cambodia, SBT not only focuses on
With a team extensively distributed in Vietnam, Australia,
prestigious Human Resources Magazine.
Work for in Asia 2021" awarded by HR Asia - Asia’s most
SBT was honored to be one of the "Best Companies to
THE ANNUAL GENERAL MEETING OF SHAREHOLDERS
FOR FY 2020-2021
SUCCESSFULLY ORGANIZED
BEST COMPANIES
TO WORK FOR IN ASIA 2021
23
PRESTIGIOUS
in the industry.
growth and development, management quality and position
superiority in nancial strength, its potential for sustainable
Report's Rankings. This demonstrates the Company’s
Eective Public Companies (VIX50)" in the Vietnam
SBT was honored as one of the "Top 50 Prestigious and
TOP 50
AND EFFECTIVE PUBLIC COMPANIES 2021
Mrs. Dang Huynh Uc My
at the ceremony to honor the Master Entrepreneurs - APEA 2021
Top 5 Best Corporate Governance Companies in 2021 - Large Capital Group
Mrs. Huynh Bich Ngoc
at the Asia Pacic Enterprise Awards Ceremony - APEA 2021
ANNUAL REPORT FISCAL YEAR 2021-2022
SUSTAINABLE COMPETITIVE ADVANTAGES
COMPREHENSIVE VALUE CHAIN
24
December 2021
November 2021
Capital Group.
Exchange, Securities Investment Newspaper and Dragon
by the Ho Chi Minh City Stock Exchange, Hanoi Stock
Governance Companies in 2021 - Large Capital Group"
SBT was honored as one of the "Top 5 Best Corporate
fulllment of environmental and social criteria.
Shareholders and related parties as well as the satisfactory
eciency, transparency, full assurance of the interests of
speaks volumes for the Company’s good governance, high
at the Asia Pacic Enterprise Awards 2021 (APEA 2021) . This
SBT was honored to win the "Corporate Excellence Award"
TOP 5
APEA 2021
BEST CORPORATE GOVERNANCE COMPANIES
CORPORATE EXCELLENCE AWARD
IN FY 2021-2022
SIGNIFICANT EVENTS
with multiple outstanding leaps.
a leader in the development of smart agriculture in Vietnam
My has led SBT step by step closer to the goal of becoming
in the nancial and sugar industries, Mrs. Dang Huynh Uc
sustainable development, along with a wealth of experience
APEA 2021. Consistent with the core business philosophy of
of Directors was honored as "Master Entrepreneur" at
Mrs. Dang Huynh Uc My - Vice Chairwoman of the Board
MASTER ENTREPRENEUR
VICE CHAIRWOMAN OF THE BOD IS HONORED AS
MRS. DANG HUYNH UC MY
Vietnam’s top 50 best-performing companies
Signing ceremony to expand the material area in Laos
SBT AT GLANCE CORPORATE GOVERNANCE OPERATION THROUGHOUT THE YEAR SUSTAINABLE DEVELOPMENT FINANCIAL STATEMENTSSBT - IMPRINT OF THE YEAR
VIETNAM’S
February 2022
SIGNED AN AGREEMENT
IN ATTAPEU PROVINCE, LAOS
TO EXPAND THE CONCESSION AREA
January 2022
performance on the Vietnamese stock market.
large-cap company with strong growth rate and business
as well as impressive business results, SBT is proud to be a
transformation eorts and sustainable development projects
Review and Thien Viet Securities Company. With its digital
performing companies" by Nhip Cau Dau Tu Investment
SBT was honored as one of "Vietnam’s Top 50 best-
TOP 50
BEST-PERFORMING COMPANIES
25
farming project and establish a factory in Laos.
districts, Attapeu province, Laos to develop a sugarcane
contract to expand the material area in Sanxay and Saysetha
the representative of the Government of Lao PDR signed a
, 2022, TTC Sugar Attapeu Co., Ltd. and
th
On February 18
Mrs. Huynh Bich Ngoc and Mrs. Dang Huynh Uc My together with other senior leaders at the ocial meeting with the Government of Queensland, Australia
The ceremony to announce and award the certicate of
"High quality Vietnamese products" voted by consumers for 2022
The best local currency bond deal in 2021
ANNUAL REPORT FISCAL YEAR 2021-2022
SUSTAINABLE COMPETITIVE ADVANTAGES
COMPREHENSIVE VALUE CHAIN
26
CERTIFICATION 2022 DEAL AWARDS
March 2022
farming technology.
in developing Agriculture 4.0 in Queensland. SBT aims to expand the material area in Australia to 20,000 hectares applying digital
, 2022, SBT was honored to be the rst Vietnamese Sugar enterprise to cooperate with the Australian government
th
On March 14
consumers.
in nutrition and health for both domestic and foreign
with a list of nearly 100 products with guaranteed quality
"High Quality Vietnamese Products" certicate for 2022
SBT and Bien Hoa Consumer Goods JSC were awarded the
THE GOVERNMENT OF QUEENSLAND AUSTRALIA
OFFICIALLY COOPERATED WITH
VIETNAMESE PRODUCTS
HIGH QUALITY
IN FY 2021-2022
SIGNIFICANT EVENTS
billion VND of bonds.
sugar company in Vietnam that has successfully issued 1,900
Currency Bond deal Awards 2021" category. SBT is the rst
The Asset Triple A honored SBT in the "The Best Local
LOCAL CURRENCY BOND
THE BEST
SBT and Farmacist experts conducted a survey of sugarcane material areas
in Laos
Great Place To Work Award
Signing ceremony of the Memorandum of Understanding
on investment project in a hi-tech agricultural production area in Dak Lak
SBT AT GLANCE CORPORATE GOVERNANCE OPERATION THROUGHOUT THE YEAR SUSTAINABLE DEVELOPMENT FINANCIAL STATEMENTSSBT - IMPRINT OF THE YEAR
April 2022
May 2022
working environment.
Authority on Workplace Culture with high scores on the
Vietnam voted as a “Great Place To Work” by the Global
SBT is proud of being the only Agricultural Company in
AWARD
27
areas for intensive processing.
Ea Kar district. The move aims at a plan to develop material
tech agricultural production area in Ea Kmut commune,
Province for an investment project in an 80-hectare high-
of Understanding with the People's Committee of Dak Lak
, 2022, SBT ocially signed a Memorandum
th
On April 28
OF UNDERSTANDING TO INVEST
SIGNED MEMORANDUM
IN DAK LAK PROVINCE
IN A HI-TECH APPLICATION ZONE PROJECT
Agriculture 4.0 development plan.
an in-depth and appropriate cooperation strategy for SBT's
out activities to assess the actual situation to quickly develop
Vietnam, Laos, and Cambodia. The two sides actively carried
conduct a survey of SBT's material areas in all three countries:
Agribusiness Division accompanied the guest experts to
a leading organization in "precision agriculture". SBT's
SBT was honored to welcome experts from Farmacist,
SBT WELCOMED EXPERTS GREAT PLACE TO WORK
COMPANY, AUSTRALIA
FROM FARMACIST, AN AGRONOMIC CONSULTING
NET REVENUE
EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND
AMORTIZATION (EBITDA)
PROFIT AFTER TAX
EARNINGS BEFORE INTEREST AND TAXES (EBIT)
CAGR:13%
CAGR:7%
CAGR:4%
CAGR:16%
ANNUAL REPORT FISCAL YEAR 2021-2022
SUSTAINABLE COMPETITIVE ADVANTAGES
COMPREHENSIVE VALUE CHAIN
28
2,370
2,026
1,619
1,663
1,930
2,000
2,500
1,500
1,000
500
2017-2018 2019-20202018-2019 2020-2021 2021-2022
(Unit: Billion VND)
18,319
10,285
10,857
12,889
14,925
20,000
15,000
10,000
5,000
2017-2018 2019-20202018-2019 2020-2021 2021-2022
(Unit: Billion VND)
PROFIT INDICATORS
FROM FY 2017-2018 TO FY 2021-2022
FINANCIAL HIGHLIGHTS
1,859
1,396
1,127
1,197
1,475
2,000
1,500
1,000
500
2017-2018 2019-20202018-2019 2020-2021 2021-2022
(Unit: Billion VND)
873
545
259
363
650
800
1,000
600
400
200
2017-2018 2019-20202018-2019 2020-2021 2021-2022
(Unit: Billion VND)
TOTAL ASSETS
CASH AND CASH EQUIVALENTS
OWNER'S EQUITY
LONGTERM LOANS AND FINANCE LEASE OBLIGATIONS
CAGR:12%
CAGR:68%
CAGR:12%
CAGR:-1%
SBT AT GLANCE CORPORATE GOVERNANCE OPERATION THROUGHOUT THE YEAR SUSTAINABLE DEVELOPMENT FINANCIAL STATEMENTSSBT - IMPRINT OF THE YEAR
2,563
325
1,0001,005
1,823
2,000
2,500
3,000
1,500
1,000
500
2017-2018 2019-20202018-2019 2020-2021 2021-2022
(Unit: Billion VND)
27,730
17,694
16,743
17,956
20,471
20,000
25,000
30,000
15,000
10,000
5,000
2017-2018 2019-20202018-2019 2020-2021 2021-2022
(Unit: Billion VND)
ASSETS AND CAPITAL SOURCES
29
2,468
2,582
1,849
1,221
3,342
2,500
2,000
3,500
3,000
1,500
1,000
500
2017-2018 2019-20202018-2019 2020-2021 2021-2022
(Unit: Billion VND)
9,669
6,098
5,819
7,642
8,238
8,000
10,000
12,000
6,000
4,000
2,000
2017-2018 2019-20202018-2019 2020-2021 2021-2022
(Unit: Billion VND)
Liquidity ratios
Current ratio (Times)
Quick ratio (Times)
Capital structure indicators
Interest Bearing Debt/Total assets (Times)
Interest Bearing Debt/Owner’s equity (Times)
Eciency ratios
Asset turnover ratio (Times)
Inventory turnover period (Days)
Protability Indicators
EBITDA Margin (%)
EBIT Margin (%)
Gross prot Margin (%)
20172018 20182019 20192020 20202021 20212022
ANNUAL REPORT FISCAL YEAR 2021-2022
SUSTAINABLE COMPETITIVE ADVANTAGES
COMPREHENSIVE VALUE CHAIN
30
FROM FY 2017-2018 TO FY 2021-2022
FINANCIAL HIGHLIGHTS
BASIC FINANCIAL INDICATOR
FOR THE 2017-2018 TO FY 2021-2022
FINANCIAL SUMMARY
13 8 11 15 13
14 10 9 10 10
20 15 13 13 13
121 123 85 82 89
0.81 0.63 0.74 0.77 0.76
1.69 1.57 1.07 1.14 1.16
0.58 0.55 0.46 0.46 0.40
0.7 0.8 0.9 1.1 0.9
1.1 1.1 1.1 1.5 1.2
Current assets
Cash and cash equivalents
Short-term nancial investments
Current accounts receivables
Inventories
Other current assets
Non-current assets
Long-term receivables
Fixed assets
Investment real estates
Long-term assets in progress
Long-term investments
Other long-term assets
Liabilities
Current liabilities
Short-term loans
Non-current liabilities
Long-term loans
Owner’s Equity
Net Revenue
Gross Prot
Net operating prot
Prot before tax
Prot after tax
EBIT
EBITDA
Source: Audited consolidated nancial statements for the 2017-2018 to 2021-2022 period
BALANCE SHEET
(ĐVT: Billion VND)
SBT AT GLANCE CORPORATE GOVERNANCE OPERATION THROUGHOUT THE YEAR SUSTAINABLE DEVELOPMENT FINANCIAL STATEMENTSSBT - IMPRINT OF THE YEAR
2020
2019-
2019
2018-
2018
2017-
2,026 1,619 1,663 1,930 2,370 23% 4%
1,396 1,127 1,197 1,475 1,859 26% 7%
545 259 363 650 873 34% 13%
682 422 512 784 1,046 33% 11%
539 319 522 791 1,170 48% 21%
1,326 872 1,455 2,216 2,308 4% 15%
10,285 10,857 12,889 14,925 18,319 23% 16%
PROFIT AND LOSS
6,098 5,819 7,642 8,238 9,669 17% 12%
2,582 1,849 1,221 3,342 2,468 -26% -1%
2,694 1,958 1,506 3,661 2,767 -24% 1%
7,703 7,284 6,990 6,050 8,713 44% 3%
8,902 8,966 8,808 8,572 15,295 78% 14%
11,596 10,924 10,314 12,233 18,061 48% 12%
17,694 16,743 17,956 20,471 27,730 35% 12%
AND OWNERS’ EQUITY
TOTAL LIABILITIES
1,687 1,490 1,464 1,443 1,404 -3% -4%
637 125 1,246 1,411 2,553 81% 41%
134 679 341 404 316 -22% 24%
181 157 592 578 582 1% 34%
4,698 4,352 4,180 3,923 4,522 15% -1%
544 146 102 135 327 142% -12%
7,881 6,949 7,925 7,894 9,704 23% 5%
187 204 156 136 145 7% -6%
3,972 2,781 2,529 3,159 4,626 46% 4%
4,715 5,036 5,447 6,219 8,662 39% 16%
614 768 899 1,240 2,031 64% 35%
325 1,005 1,000 1,823 2,563 41% 68%
9,813 9,794 10,031 12,577 18,027 43% 16%
TOTAL ASSETS 17,694 16,743 17,956 20,471 27,730 35% 12%
31
2022
2021-
to 2021-2022
CAGR 2017-2018
YOY change
2021
2020-
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