Yinson Annual Report 2020

103 Annual Report 2020 Investors and shareholders Local communities Industry STAKEHOLDER GROUP METHODS OF ENGAGEMENT • Analyst briefings • Investor Relations web portal • Annual Reports • AGMs and Extraordinary General Meetings (“EGM”) • Circulars • Investor conferences • One-on-one engagements • CSR activities • Engagement with local vendors • Local trainee programmes • Press releases • Website and social media • Entrepreneur and leadership development programmes • Career development programmes • Participation as exhibitors at industry conferences • Participation as speakers at industry conferences • Networking events Bankers and lenders • Road shows • Site visits • Stakeholder engagement event, sYnergy • One-on-one engagements Partners • Regular engagement, communication and dialogue • Stakeholder engagement event, sYnergy • Collaboration on announcements, press releases and events Clients Offshore Production Division Yinson’s clients are oil companies who engage us to build assets for the extraction of hydrocarbons at their fields. As an FPSO leasing company, our services are provided under the following contract types: • Time charters: Yinson leases an owned FPSO/FSO as well as operates and maintains the asset • Bareboat charters: Yinson bareboat charters the FPSO to our partner who would then enter into a time charter with the client • Operations and maintenance contracts: The client appoints Yinson to operate and maintain the vessel with the crew under our payroll. We have a symbiotic relationship with our clients, as they look to us as their defacto production arm. We place great importance on maintaining and growing these relationships through regular engagements such as dialogues, reports, client forums as well as face-to-face meetings during negotiations, kick-offs and milestones events. One of Yinson’s business strategies is ‘Good counterparties’. We seek to conduct our business with reputable clients and joint venture parties which limit or remove counterparty risk. Yinson has four clients with whom our FPSO assets are currently on charter, and two clients whose assets are currently under conversion. Key assets (pg 16) 18