Yinson Annual Report 2018

OUTLOOK We are optimistic that FYE2019 will remain profitable despite of the setback on contract with TLV on Ca Rong Do field development project where we will relentlessly endeavour to protect our interests. The Group will continue to undertake necessary qualitative and quantitative measures to strengthen its efficiency for its existing operations and ensure coordinated efforts with business partners when entering into new projects. Following the lagging investment for production by the O&G industry in the past years, we expect a surge in demand for FPSOs to replenish the depleting production globally. We shall continue to adopt a conservative approach to grow the business while taking advantage of the market environment to continue to strengthen our position in the industry. We believe the worst is over for the industry and Yinson has been able to emerge stronger, both financially as well as in terms of our strengthened human resources. We believe the conservative approach that we adopted was the correct one taken during the downturn to consolidate our growth and strengthen our people. If the anticipated investments in O&G production do flow into the industry, we believe we are now well prepared with the right mix of human capital, financial resources, as well as the technological and geographical knowledge to capitalise on the new opportunities that will take Yinson to a new level in the energy space. Corporate Overview Stewardship Governance Accountability 49 Yinson Holdings Berhad Annual Report 2018