Yinson Annual Report 2020

31 Annual Report 2020 Short-term goals Medium-term goals Long-term goals Deliver FPSO Abigail- Joseph on time and on budget. Build competent teams for Brazil project(s). Execute large project(s) in Brazil on time and on budget. Seek potential assets to complement and enhance FPSO business. Velocitise capital and monetise long-term FPSO projects through divestment of holding company to selected partners in order to secure new projects to achieve faster growth in the FPSO industry. Build lean and focused team and grow initial portfolio quickly through acquisition of assets/ existing players. Initiate greenfield development. Maintain strong operational uptime and utilisation rate for existing vessels. Achieve significant presence in selected core markets. Drive value across entire value chain through efficient capital recycling. Realise synergistic value through acquisition of assets that can complement existing fleet. Develop, build and operate multiple renewable assets globally to become a major revenue stream for the Group. Strengthen the Group’s position by leveraging on these newly created platforms. DIVISIONAL STRATEGies OFFSHORE PRODUCTION Renewables OFFSHORE MARINE