Yinson Annual Report 2018

Riding through the Volatility Dear Shareholders, On behalf of Yinson Holdings Berhad (“Yinson”, “we”, “us” or “the Group”), I am honoured to present our annual report for the financial year ended 31 January 2018 (“FYE2018”) during which we continued to make tremendous strides in the oil and gas (“O&G”) sector; specifically as a full-fledged floating production storage and offloading (“FPSO”) player – which is now our core business – despite the continuous challenges in the O&G market. We were cautiously optimistic when FYE2018 kicked off in February 2017, with the global brent oil benchmark hovering around USD55 per barrel which was significantly higher than the 2016 low of USD27 per barrel before trending upwards to a more industry encouraging level. The period under review saw the industry remain in a flux as it continues to be affected by global production, market prices and variable energy product demands which had an impact on the demand for FPSO vessels. Riding through the volatility, we managed the challenges head-on and emerged as a stronger organisation by taking decisive actions to forge new alliances, improve our financial strength and continue to pursue excellence in our operations. I believe that the decisions and efforts taken by the Group during these uncertain times will allow us to grow dynamically as a more resilient and robust FPSO player. Global brent oil benchmark price per barrel per barrel USD55 USD27 2017 2016 Corporate Overview Stewardship Governance Accountability 37 Yinson Holdings Berhad Annual Report 2018